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CoinEvo

Broker violations and abnormal records

The Italy CONSOB Added CoinEvo into Its Warnings

On 16 May 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that CoinEvo is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

CoinEvo is an Unregulated Forex Broker

CoinEvo claims to be registered with St. Vincent and the Grenadines Financial Services Authority (SVG FSA), presenting registration number 1466LLC2021. We searched SVG FSA and found a matching result. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. 

Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that CoinEvo is not authorized to provide financial services in Italy.

These proof make it clear: CoinEvo is not regulated by any regulators to provide forex services. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

The Spain CNMV Added CoinEvo into Its Warnings

On 11 July 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that CoinEvo is not authorised to provide the investment services. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=COINEVO

The Italy CONSOB Warns CoinEvo Again

On 4 Nov 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that CoinEvo is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-4-november-2022/718268

CoinEvo is Using a New Domain

CoinEvo is using a new domain, https://coinevo.pro/, to scam.

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OmegaPro

Broker violations and abnormal records

On 28 Mar 2022, the CNMV issued a warning that OmegaPro has not been authorised to provide investment services.

OmegaPro is an Unregulated Forex Broker

OmegaPro shows its office address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to OmegaPro in FCA. That means OmegaPro is not an approved broker to offer financial services in the UK.

What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. So OmegaPro is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

OmegaPro is not working

On 8 Jul 2022, https://www.omegaproworldltd.com is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

OmegaPro is using a new domain

OmegaPro is using a new domain "https://omegapro.network/" to scam.

The AMF issues a warning against OmegaPro

On 5 Decmber, 2023, the Autorité des Marchés Financiers (AMF) issued a warning against OmegaPro, believing this broker might be providing financial services or products without proper authorization.

OmegaPro is using a new domain OmegaPro is using a new domain "https://omegapro.in/" to scam.

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CryptoIFX

Broker violations and abnormal records

The CONSOB Added CryptoIFX into Its Warnings

On 14 Mar 2022, the CONSOB issued a warning that CryptoIFX has not been authorized to provide investment services, you may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

CryptolFX is an unregulated forex broker

CryptolFX claims it is a trustable broker while not mentioning any details of its regulations, which is a distinctive characteristic of an unlicensed broker, as licensed brokers always display their credentials and licenses in a prominent place. This broker mentions it is located at Stoney Ground Road, St. Vincent & the Grenadines. We did searching in the St. Vincent & the Grenadines Financial Services Authority (SVG FSA) and did find a match result. But as a forex trader, you should know that SVG FSA does neither issue license of forex services nor regulate any forex activities. That means having registration in SVG FSA does not mean having legit regulation. This broker is merely a registered firm in SVG FSA that operates under no regulation.What's more, the Italy regulator Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that this firm has not been authorized to provide forex investments and services. So CryptoIFX is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.