The FSMA also issued the following statement: “OmegaFX is not, however, authorized to offer financial services and products in Belgium. Moreover, the system proposed by Kuvera exhibits features characteristic of a pyramid scheme.”
The regulatory bodies of the UK (FCA – Financial Conduct Authority) and Austria (FMA - Financial Markets Authority) have also warned about this broker in the past due to its scam operation which appears to be largely targeting young people.
What always gets on my nerves is that all these regulatory bodies issue warnings, but these scammers continue their operations as if nothing happened. It often takes years to find them and arrest them, if it happens at all.