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https://www.broker-group.com/
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Single Core
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Broker Group Ltd
Broker Group
Panama
Pyramid scheme complaint
Expose
In the sweet hope that one day they will enable the withdrawal.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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.
Registered in | Panama |
Regulated by | No effective regulation at this time |
Year(s) of establishment | Within 1 year |
Trading instruments | Forex, commodities, indices, shares, cryptocurrencies |
Minimum Initial Deposit | Information not available |
Maximum Leverage | 1:500 |
Minimum spread | Information not available |
Trading platform | own platform |
Deposit and withdrawal method | including crypto currency deposits |
Customer Service | Email and address |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Multiple trading instruments available, including forex, commodities, indices, shares, and cryptocurrencies.
No hidden charges on deposits and withdrawals, and a vast array of funding methods and depositary institutions, including cryptocurrency deposits.
The company offers its own platform, which is available on multiple devices, and provides up to 1:500 maximum leverage.
The website is available in multiple languages, including English, Spanish, German, and French.
The company is registered in Panama.
Broker Group is not regulated by any financial authority, which raises concerns about the company's credibility and transparency.
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 that enable clients to invest funds with professional money managers.
There are no educational resources available on the website.
Customer support is only available through email, and there is no telephone service or online chat.
Advantages | Disadvantages |
Broker Group offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, Broker Group has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
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. It is important for traders to be aware of this dynamic when trading with Broker Group or any other MM broker.
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. The company accepts a wide range of deposit methods, including cryptocurrency deposits, with no fees charged. However, the company is not regulated by any financial authority, and there is limited information about account types, spreads, commissions, and customer support. Additionally, there are no educational resources available on the website.
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.
Advantages | Disadvantages |
Wide range of trading instruments | Lack of clarity on the trading conditions and costs |
Opportunity to diversify investment portfolio | Not regulated by any financial authority |
Potential for high returns in volatile markets | Limited information on the available assets and their specifications |
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. However, the lack of clarity on the trading conditions and costs, coupled with the fact that Broker Group is not regulated by any financial authority, raises concerns about the reliability and transparency of the trading platform. Furthermore, there is limited information available on the available assets and their specifications, which may hinder traders from making informed decisions. Overall, while the variety of trading instruments is a positive aspect of Broker Group, the lack of regulatory oversight and transparency are significant drawbacks that potential users should consider carefully.
Advantages | Disadvantages |
Transparent spread information on the website | Commissions and other costs are not disclosed |
Competitive spreads on some instruments | Hidden costs may lead to unexpected charges |
Possibility of variable or fixed spreads | Lack of clarity on commissions may suggest potential for higher 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. This lack of transparency may lead to unexpected charges for clients and make it difficult for them to fully understand the costs involved in trading with Broker Group. Therefore, potential clients are advised to exercise caution and seek further information before making any financial commitments.
Advantages | Disadvantages |
Managed account allows clients to invest with professional money managers | No clear information on other account types |
--- | Lack of transparency on account features and fees |
--- | Limited customization options for account types |
--- | No information on minimum deposit requirements or funding options |
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. However, there is no clear information on other account types, such as standard or VIP accounts, and their respective features and fees. This lack of transparency may be a disadvantage for clients who prefer to have a variety of account options to choose from, or who want to compare account features and fees before making a decision. Additionally, the limited information on account types may indicate limited customization options for clients. There is also no information on minimum deposit requirements or funding options, which may be important considerations for potential clients.
Advantages | Disadvantages |
Available on multiple devices | No mention of third-party platform support |
Customizable layout | No information on advanced trading tools |
Real-time market data | No mention of backtesting capabilities |
Easy-to-use interface | Limited information on platform features and functionality |
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. Additionally, there is no mention of third-party platform support, which may limit the options available to traders who prefer to use other trading platforms. 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.
Advantages | Disadvantages |
Allows traders to open larger positions with smaller amounts of capital | Higher leverage increases the risk of significant losses |
Provides the opportunity for potentially higher profits | Can lead to overtrading and excessive risk-taking |
May attract more traders who are seeking higher leverage | Traders may not fully understand the risks associated with high leverage |
Can be used to diversify a portfolio and hedge against market volatility | Higher leverage increases the potential for margin calls and forced liquidation of positions |
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 and employ appropriate risk management strategies to mitigate potential losses. Additionally, higher leverage can lead to overtrading and excessive risk-taking, so traders should use leverage judiciously and diversify their portfolio to hedge against market volatility.
Advantages | Disadvantages |
No hidden charges on deposits and withdrawals | Not regulated, so no oversight on deposit and withdrawal procedures |
A vast array of funding methods and depositary institutions, including crypto currency deposits | Lack of clarity on deposit and withdrawal processing times |
Limited information available on withdrawal fees or minimum withdrawal amounts |
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, the lack of regulation means that there is no oversight on deposit and withdrawal procedures, which may be a cause for concern for potential clients. Additionally, there is a lack of clarity on deposit and withdrawal processing times, and limited information on withdrawal fees or minimum withdrawal amounts. It is recommended that clients carefully review the deposit and withdrawal policies before engaging with the company.
The lack of educational resources offered by Broker Group is a significant disadvantage for traders. Educational resources are critical to understanding the markets and making informed trading decisions. Without access to educational materials such as webinars, tutorials, and articles, clients may struggle to improve their trading skills and knowledge. Furthermore, educational resources are particularly helpful for novice traders who need to learn the basics of trading, such as fundamental and technical analysis. The absence of educational resources may also indicate that the company is not committed to helping its clients succeed in trading. In summary, the lack of educational resources is a significant drawback for clients who seek to improve their trading skills and knowledge.
Advantages | Disadvantages |
Email support available | No telephone or live chat support |
Mailing address provided for contact | Limited options for immediate assistance |
Lack of transparency on response times or availability of support staff |
Broker Group appears to have limited options for customer care with only email support available and no telephone or live chat support. While a mailing address is provided for contact, there is no information on response times or availability of support staff. This lack of transparency may be frustrating for clients who require immediate assistance. However, the email support option can still be beneficial for clients who have non-urgent queries and can wait for a response. Overall, the limited options for customer care may be a disadvantage for Broker Group, and they may need to consider additional support channels in the future to improve their service.
In conclusion, Broker Group is an unregulated company based in Panama that offers a range of financial instruments, including forex, commodities, indices, shares, and cryptocurrencies. The company provides its own platform, which is available on multiple devices, and offers a maximum leverage of up to 1:500. Deposits and withdrawals are processed without hidden charges, and the company offers a variety of funding methods, including crypto deposits. However, the company lacks educational resources and customer support is limited to email only. The company's website also lacks transparency on account types and fees. 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. Therefore, investors should proceed with caution when considering Broker Group as a potential investment partner.
Q: Is Broker Group regulated by any financial authority?
A: No, Broker Group is not regulated by any financial authority.
Q: What financial instruments can I trade with Broker Group?
A: You can trade forex, commodities, indices, shares, and cryptocurrencies with Broker Group.
Q: What is the maximum leverage offered by Broker Group?
A: The maximum leverage offered by Broker Group is up to 1:500.
Q: What are the deposit and withdrawal options available with Broker Group?
A: Broker Group offers a vast array of funding methods and depositary institutions, including crypto currency deposits. There are no hidden charges on deposits and withdrawals, and no fees are charged.
Q: Does Broker Group offer any educational resources?
A: No, Broker Group does not offer any educational resources.
Q: What is the customer support service available with Broker Group?
A: Broker Group offers support via email only. There is no telephone service or online chat available.
Q: Is there any information available about the account types offered by Broker Group?
A: The website of Broker Group does not make it clear about the account types, with only some info about the managed account that enables clients to invest funds with Professional Money Managers and participate in the exceptional returns of Alternative Assets.
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