Score
Broker Group
Panama|2-5 years| https://www.broker-group.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Panama
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Broker Group also viewed..
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Website
broker-group.com
Server Location
United States
Website Domain Name
broker-group.com
Server IP
104.21.82.106
Company Summary
| Registered | Panama |
| Regulated | No effective regulation at this time |
| Year of establishment | Within 1 year |
| Trading instruments | Forex, commodities, indices, shares, cryptocurrencies |
| Minimum Initial Deposit | Not mentioned |
| Maximum Leverage | 1:500 |
| Minimum spread | Not mentioned |
| Trading platform | own platform |
| Deposit and withdrawal method | cryptos |
| Fraud Complaints Exposure | Yes |
Pros and cons
Pros:
- Multiple trading instruments available
- No hidden charges on deposits and withdrawals
- Up to 1:500 maximum leverage
- The website is available in multiple languages, including English, Spanish, German, and French
Cons:
- Not regulated by any financial authority
- The spreads are not disclosed on the website, and there is no information on commissions and other costs
- Limited information is provided about account types, with only some info about managed accounts
- No educational resources
- Customer support is only available through email
What type of broker is Broker Group？
Broker Group is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Broker Group acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Broker Group has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients.
General information and regulation
Broker Group Ltd. is a company registered in Panama and claims to offer forex, commodities, indices, shares, and cryptocurrency trading with a maximum leverage of up to 1:500. However, the company is not regulated by any financial authority.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Market instruments
Broker Group offers a variety of trading instruments, including Forex, commodities, indices, shares, and cryptocurrencies. This provides traders with the opportunity to diversify their investment portfolio and potentially generate high returns in volatile markets.
Spreads, commissions and other costs
Broker Group provides a spread page on its website where clients can view the spreads for different financial instruments. The spreads can either be fixed or variable depending on the instrument. While the spreads seem competitive for some instruments, such as major forex pairs, there is no information regarding commissions or other costs associated with trading.
Trading accounts
Broker Group's website provides limited information on their account types, with the only clear option being a managed account that allows clients to invest funds with professional money managers. There is also no information on minimum deposit requirements.
Trading platforms
Broker Group offers its proprietary platform that can be accessed on multiple devices, including desktops, mobile devices, and tablets. The platform features a customizable layout, real-time market data, and an easy-to-use interface. However, the company does not provide any information on advanced trading tools or features, such as algorithmic trading or social trading. Furthermore, the platform does not seem to offer any backtesting capabilities, which could be a disadvantage for traders who rely on historical data to inform their trading decisions.
Leverage
Broker Group offers a maximum leverage of up to 1:500, which is significantly higher than the leverage offered by many other brokers in the industry. This high leverage allows traders to open larger positions with smaller amounts of capital and potentially earn higher profits. However, it also increases the risk of significant losses, especially for traders who do not fully understand the risks associated with high leverage. Traders must be cautious when using high leverage.
Deposit and Withdrawal: methods and fees
Broker Group offers a competitive advantage in terms of their deposit and withdrawal procedures, with no hidden charges and a wide range of funding methods, including cryptocurrency deposits. However, there is a lack of clarity on deposit and withdrawal processing times, and limited information on withdrawal fees or minimum withdrawal amounts.
Customer service
Broker Group appears to have limited options for customer care with only email support available and no telephone or live chat support.
Conclusion
In conclusion, while the company offers some advantages, such as low spreads and no deposit or withdrawal fees, its lack of regulation and limited customer support should be considered when choosing a broker.
FAQs
- Is Broker Group regulated by any financial authority？
- No, Broker Group is not regulated by any financial authority.
- What financial instruments can I trade with Broker Group？
- You can trade forex, commodities, indices, shares, and cryptocurrencies with Broker Group.
- What is the maximum leverage offered by Broker Group？
- 1:500.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 38
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FX2254559227
Colombia
It is a total scam, from OMEGAPRO I have been scammed, I have more than 13,000 dollars and it does not allow withdrawal from any of my accounts, I have had a calamity and I cannot use my money.
Exposure
04-24
FX1644905799
Argentina
2 years ago I was scammed by OmegaPro. I deposited my money into their broker, I saw the "performance" it had every day, until suddenly the official website stopped working due to an alleged hack, and all partners were recommended to transfer our money to Broker Group. Since my money is in this broker, it won't let me withdraw it. I get a message indicating that my account is not yet verified, that verification will arrive soon, and I have been waiting for 2 years and nothing. Trading operations appear, as if my money is being used, but I don't even have access to my initial capital.
Exposure
04-16
emafleitas
Argentina
In the sweet hope that one day they will enable the withdrawal.
Exposure
04-16
Bcando95
Ecuador
I started with omega pro and when the money return time came, they transferred me to the broker group and it's been 6 months in which I can't withdraw my money, they don't give me a response or tell me what to do, I wish I could get my money back.
Exposure
04-14
FX7952468942
Colombia
I started with Omegapro, then they said that they were going to move us to that new broker. And it turns out that I have been trying to withdraw my money for more than a year, and it won't allow me. I hope they can help me, they always tell me they will contact me but I never get any email from them.
Exposure
04-08
geison1822
Colombia
I cannot withdraw money from my 3 accounts that were transferred from omega pro to broker group a couple of years ago, I attach the corresponding evidence.
Exposure
03-30
EMOJI8155
Dominica
It tells me that I have to complete tasks. And once I want to withdraw my money it won't let me do it. Why does it tells me that I have to complete the last one that keeps getting higher and higher?
Exposure
03-30
FX3101056023
Saudi Arabia
I have struggled to collect money and invest, and now I cannot withdraw my money. Whenever I try, I receive a notification that says "We will contact you and verify your data". So far, nothing has happened. I tried to contact technical support, but there was no benefit.
Exposure
03-17
SantiagoPerez
Argentina
I invested $5,500 dollars in June of last year with OmegaPro, I have 2 Accounts, to withdraw the money I had to wait a period of 16 months and time passed and my money was directed to BrokerGroup, they gave me an account and my money is there, frozen and I can't withdraw it, when I try it tells me that they will contact me, and I never received anything. They are my life savings and now I am going through a very difficult situation, knowing even more what the situation is like in my country (Argentina), I need urgent help. I had to leave school and work since I couldn't meet my expenses. I hope for your help, thank you very much. I attach photos of the accounts.
Exposure
03-12
antonio209
Colombia
I currently have a broker group account, which has funds of more than 3,000 dollars, from which I cannot withdraw because there is no withdrawal option. I have been trying to withdraw this money since 2022, since Omegapro existed. Until now, I have never received an email for identity validation or withdrawal of my funds.
Exposure
03-01
Kafu
Argentina
I HAVEN'T GOT MY MONEY BACK FOR A YEAR, I CAN'T BELIEVE IT. MY MONEY WAS TRANSFERRED FROM OMEGA TO BROKER GROUP AND FROM THERE THEY DID NOT VERIFY ME AND IT WON'T LET ME MAKE ANY MOVE. PLEASE HELP
Exposure
02-12
giovani2235
Colombia
GOOD AFTERNOON, COULD YOU PLEASE HELP ME WITH THE WITHDRAWAL OF MY MONEY FROM SEVERAL OMEGA PRO ACCOUNTS THAT WERE PASSED TO THE BROKER GROUP? AND THE BROKER GROUP DOES NOT WANT TO RETURN THE MONEY. THANK YOU.
Exposure
02-01
Dante3647
Colombia
I invested in OmegaPro because of a former friend who told me about the “unique opportunity” of this business and all with sweetening words on February 2, 2022, everything was going well while I saw the supposed “returns” in my account. I added two people to the “ business”. I invested my capital patiently waiting for the promised return. I invested an amount of $9,000usd divided into 5 accounts, one with the package of $500usd, two with 1,000 and two packages of $3,000usd, which with the total with the commission charged was about 9,000usd that I invested, almost completing the established time of 16 months. On November 25, 2022, the alleged “attack” on the Omega network and everything that followed with “Broker Group” happened. Since I wanted to obtain my capital, I did all the operations that they asked of me for supposedly some day to obtain it, transferring the funds to this new page and selecting the option to withdraw and not continue, for which they charged me a commission which I did not mind since I only wanted the sum of what I had invested out of my pocket. Supposedly leaving a Binance account or some virtual wallet within a period of months, my money was going to be deposited into the account. After more than a year of waiting, I lost hope even though it was very little. And I turn to this complaint since it is the only place where it can be done, I would love to be able to recover even some of the investment since I am not financially well. It would help me a lot, since what I invested was a loan from the bank that the Omega partners themselves helped me take out. Now I have this enormous debt in the bank. From already thank you very much. I attach evidence in images.
Exposure
01-09
Luz5326
Argentina
I started in Omegapro with my capital. After that, there was a problem with the broker being hacked and with the confidence of continuing with the investment. They made me transfer my money to the broker group but it turns out that now no one has contacted me. I do not get a response from any representative of the platform to withdraw the capital. It would be of great help if everything went well and I could withdraw the capital since it was my savings.
Exposure
2023-12-29
SantiagoPerez
Argentina
I invested 5,500 dollars in June of last year with OmegaPro. I have 2 accounts. To withdraw money, I had to wait 16 months and time passed and my money was directly transferred to BrokerGroup. They gave me an account and my money is there, frozen and I can't remove it. They are my life savings and now I am going through a very difficult situation, knowing even more what the situation is like in my country (Argentina), I need urgent help. I hope for your help, thank you very much. I have attached photos of the accounts.
Exposure
2023-12-20
jose510
Peru
I invested 5 thousand dollars in March of last year with omegapro to withdraw it in a period of 16 months, time has passed and they transferred it. to broker group and there is my money frozen and I cannot withdraw it I need legal help please...they are my life savings and now I am going through a very critical situation...help me
Exposure
2023-12-14
Angy9339
Colombia
I had invested in Omegapro, but it turns out that now they opened this new platform with the excuse that they were being hacked, I have not been able to withdraw my money. They are my savings and those of my husband. Attached are investment receipts, I appreciate the collaboration for the respective retirement.
Exposure
2023-12-12
Mando025
Mexico
I was in Omega Pro and they notified me that it had been hacked for security reasons, I had to change to another broker group and continue with the investment there. So I did it and this month my investment ends. I decided to review and I was surprised that I had nothing.
Exposure
2023-12-05
GilberthC8
Colombia
Good afternoon, my name is Gilberto Caceres from Colombia: Telephone 3108884780, email gil.elialejo@gmail.com. I present my case. In May 2023 I was contacted by a Coworker who said he was the leader of the Omega Pro Company and that it was a regulated company based in the United Kingdom and that gave good long-term profits. Since I didn't know anything about Internet businesses, I let myself be convinced and invested 1,000 dollars that were purchased through him and everything was on a platform to supposedly invest and trade. In 2023 in January they reported an alleged attack by Jakers and that is why they negotiated with a company called Broker Group and transferred the funds to it. Since that time they have placed extensions that we will already return the investment or that everything is fine and that is how they have kept us to distract us and make us forget that we were scammed. Please I ask you to do everything humanly possible to respond, thank you.
Exposure
2023-11-13
rechino
Peru
The Broker Group continues to have withdrawal problems, the broker does not allow withdrawal, they do not answer, they do not enable. I am communicating here hoping for your support and experience in this type of unscrupulous activity. I am very grateful.
Exposure
2023-11-11