ANSWER We strongly advise against using Omega Capital Markets, a broker that operates in an unregulated environment and has been identified as fraudulent.This forex brand currently offers unauthorized financial services via the website omega-cm.net. Previously, it operated through omegacm.net, a domain that became unavailable after financial regulators detected their fraudulent activities. Omega Capital Markets misuses the registration information of an entity registered in Australia to appear legitimate, a deceptive practice identified by the Australian Securities and Investments Commission (ASIC). As a result, the ASIC issued a warning about Omega Capital Markets, flagging it as an imposter.The Belgian Financial Services and Markets Authority (FSMA) has also added Omega Capital Markets to its warning list, advising investors not to respond to any offerings from it.Therefore, Omega Capital Markets is fraudulent and presents a risk of fraud and identity theft. For a safer trading environment, investors are strongly advised to avoid Omega Capital Markets and instead opt for fully regulated brokers.
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