OmaxFx has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Ovax Global. We’ve received over 4 complaints against OmaxFx.
OmaxFx is a purported scam in FX and cryptocurrency trading that is unregistered and employs well-known fraud techniques, according to reliable sources. There is no financial organization that supports it, and its operations make use of traditional fraud techniques like fake reviews and unauthorized activities. Users ought not use OmaxFx in order to reduce the possibility of fraud.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is OmaxFx Regulated? Do They Have a License?
In the crypto and forex markets, OmaxFx has been called out as a possible scam trading tool. Many warnings and red flags from trustworthy financial watchdogs have led to this assumption.
OmaxFx can be found in the “10 Signs of a Scam” paper issued by the Commodity Futures Trading Commission (CFTC). Based on this classification, it appears that OmaxFx possesses several characteristics commonly found in fraudulent trading platforms. Many individuals using the tool would exercise caution upon encountering such elements.
The Federal Deposit Insurance Corporation (FDIC) puts out more scary information. It tells people to be careful with scams that use online auctions, classified ads, and overpayment schemes.
Fake cashier’s checks are often used in these scams, and the victim is asked to pay back the money. OmaxFx may also use this method. People who use the platform to trick people like this show that it can be dangerous and unreliable.
The CFTC, the National Futures Association, and the Financial Crimes Enforcement Network (FinCEN) need to know that OmaxFx is not registered with them.
To make sure they are legal and protect customers, companies that want to get crypto and forex traders from the U.S. have to register such people. A big red flag that points to possible illegal activities is operating without these registrations.
The lack of regulation or the presence of poor regulation is a huge red flag. It means OmaxFx is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of OmaxFx, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at OmaxFx
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
OmaxFx Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
OmaxFx Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like OmaxFx tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust OmaxFx reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of OmaxFx, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like OmaxFx enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “OmaxFx reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising OmaxFx.
You should always look out for consumer complaints. In the case of OmaxFx, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about OmaxFx? You can share your complaint in the comment section or submit an anonymous tip.
Is OmaxFx Legit Or a Scam?
OmaxFx is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind OmaxFx can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust OmaxFx?
, OmaxFx has been named by multiple credible sources as a potentially fraudulent and unlawful platform for trading cryptocurrencies and foreign exchange. Since OmaxFx is unregistered, employs common fraud tactics, and has zero positive reviews, prospective customers should go the other way. It appears like OmaxFx is most likely a fraud, so we advise you to avoid it at all costs.
All the evidence suggests that OmaxFx is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is OmaxFx a scam?
Can I withdraw money from OmaxFx?
Where is OmaxFx Located?
How do I get my money back from OmaxFx?
How The OmaxFx Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
