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Is Omers Finance regulated in the UK?
Georgina
United Kingdom
2023-08-23
ANSWER Omers Finance is not regulated in the UK. Furthermore, Omers Finance is basically an unlicensed broker warned by a financial regulator.On the website of Omers Finance, it claims to partner with the Financial Conduct Authority (FCA) and Central Bank of Cananda. But there are no indications that it is registered with the FCA. As for the Canada's stuff, we have been unable to locate records on the register of the Investment Industry Regulatory Organization of Canada (IIROC) matching the platform.Omers Finance even purports to cooperate with three reputable brokers. However, our investigation didn't find any association to support that assertion.Furthermore, the Financial Authority (AMF) has added Omers Finance to warning list for it being an unauthorized company engaging in forex activities. You may refer here for the full warning list.As such, BrokersView has come to the conclusion that Omers Finance is a scam. It is highly risky to deal with the fraudulent platform as there are no rules in place to protect investors from fraud or identity theft. Therefore, to mitigate such risks, it is advisable to steer clear of unlicensed brokers like Omers Finance and choose a fully regulated one.
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