Score
Panama | 2-5 years |https://www.broker-group.com/
Website
Rating Index
Influence
D
Influence Index NO.1
Colombia 2.38 
Forex License No forex trading license found. Please be aware of the risks.
Panama 
This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.
broker-group.com United States 
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| 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 |
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.
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.
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.
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.
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.
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.
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.
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.
Broker Group appears to have limited options for customer care with only email support available and no telephone or live chat support.
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.
According to WikiFX data, Broker Group Ltd is registered in Panama with an operating history of 2-5 years. The regulatory status is "Not Regulated," and the WikiFX core score is 1.57, with a risk control index of 1.49. The license list does not show any active Forex License items. WikiFX data also records multiple user exposure posts that mention withdrawal difficulties. These factors indicate a high-risk profile. Regulatory protection depends on the specific legal entity, license status, products, and client jurisdiction. Based on the available information, the safety and reliability of Broker Group cannot be confirmed, and WikiFX data does not support an unconditional conclusion of safety or reliability.
According to WikiFX data, Broker Group is Not Regulated. The license list contains no Forex License items, and no regulatory license is listed. This status applies to the brand/entity as recorded; any specific legal entity operating under the Broker Group name should be verified separately.
According to WikiFX data, the minimum deposit for Broker Group is not currently publicly specified. WikiFX data does not currently list account types or minimum deposit requirements for Broker Group.
According to WikiFX data, Broker Group has a software index of 4.52, but the specific support for MT4 or MT5 is not currently publicly specified. Therefore, it cannot be confirmed from the available WikiFX information whether MT4 or MT5 is supported.
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Sitlal Ortega
Mexico
I was on Omega Pro and transferred everything to Broker Group, and now I can't even open the broker's page. The only thing I have is a screenshot.
Remnik
Nigeria
I requested for cancellation of my investment in OmegaPro via BrokerGroup but no response regarding my withdrawal.
PinkDinkDo
Colombia
EVEN WHEN THIS PLATFORM WAS NO LONGER WORKING, THE FAMOUS "LEADERS" CONTINUED TO LINK PEOPLE. I am warning the authorities so that at least we can recover our initial investment, since the clients have even threatened to kill some who only wanted to help them increase their capital.
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.
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.
emafleitas
Argentina
In the sweet hope that one day they will enable the withdrawal.
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.
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.