SparkFX Review 2025: Unverified Dubai Claims and Rising Risks in the Arab Market
An in-depth review of SparkFX (Score 1.82) investigating claims of a Dubai license, expansion into Arabic markets, and reports of unfair account bans.
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Abstract:If prominent regulators around the world issue warnings against a broker, you must take those warnings seriously and avoid such brokers. OmegaPro is one of the brokers that many regulators have warned about. In this article, we’ll show you the red flags of OmegaPro to give you a scam alert.

If prominent regulators around the world issue warnings against a broker, you must take those warnings seriously and avoid such brokers. OmegaPro is one of the brokers that many regulators have warned about. In this article, well show you the red flags of OmegaPro to give you a scam alert.
1. Low Score

OmegaPro has received a very low rating of just 1.56 out of 10 on WikiFX. This poor score raises serious doubts about how reliable and trustworthy the broker is. A rating this low can be a warning sign for traders, so its very important to do proper research before investing. If you're looking for a safe and dependable broker, it's better to choose one with a higher score and strong regulation.
2. AMF warned against OmegaPro in 2020

According to The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), both of which had already blacklisted the website www.omegapro.world back in 2020, they have now added another website, Businessempire.fr, to their blacklist. This new site is also operated by the same company and offers Forex trading services without proper authorization. These actions highlight ongoing concerns about the companys unauthorized financial activities and the risks involved for investors using these platforms.
3. Warning from WikiFX

WikiFX has issued a clear warning about OmegaPro that should not be ignored. The platform says:
Warning: Low score, please stay away!
This broker has no valid regulation. Please be aware of the risk!
WikiFX is advising traders to be very careful and to think twice before opening an account or putting in money. These warnings are meant to protect investors from unsafe or untrustworthy brokers, so they should be taken seriously.
4. OmegaPro Co-Founder Arrested in $4B Crypto Scam
In July 2024, Turkish authorities arrested OmegaPro co-founder Andreas Szakacs in Istanbul. He was accused of leading a $4 billion cryptocurrency Ponzi scheme. The arrest came after an anonymous tip and statements from victims. During the raid, officials seized several crypto wallets and key documents linked to the case.
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5. CNMV Warning in 2022

In March 2022, Spain's National Securities Market Commission (CNMV) officially issued a public warning regarding OmegaPro. The CNMV stated that OmegaPro was not licensed or authorized to provide investment services within Spain. This means that the company was operating without the necessary regulatory approval, which raises serious concerns about the safety and legitimacy of its services for Spanish investors.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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