Odyssey Investment Group is a company known for its machinations and thirst to drain every penny from clients’ wallets. Numerous reviews about this firm indicate that its founders waste no time in trying to deceive as many people as possible. To achieve their goals, they employ various methods, from manipulating consciousness to financial blackmail. In this review, we will examine the signs of fraudulent behavior by this broker.
General Information about Odyssey Investment Group
Odyssey Investment Group positions itself as a forex broker offering extensive opportunities for traders. According to their claims, they have over a thousand accounts open on their platform, and the terminal they use has received several awards. It would be easy to believe this if positive client reviews could be found on the internet. However, reality looks different. Users note that the company deceives and traps people.
After checking the history of the domain odysseyig.com, we found that the site has been active since April 18, 2023. Investors in their reviews rightly consider this platform to be new.
Although the company has listed addresses and phone numbers in various countries around the world, this information is useless as it is fake.
The only way to contact support is through email. Users claim that scammers use it to collect clients’ personal information and then bombard them with spam. If there are financial or technical issues, contacting support is nearly impossible. The fraudsters simply ignore inquiries.
Is the Brokerage Offer from Odyssey Investment Group Legitimate?
If Odyssey Investment Group was providing brokerage services legally, they would have posted scans of all necessary documents (licenses, registration certificates) on their website. However, this is not the case. Scammers only provide information about registration in the offshore zone of Saint Vincent and the Grenadines and the registration certificate number.
There are two important points to note. Firstly, there is no information about Odyssey Investment Group in the legal registry of the island nation. This indicates that the fraudsters cut corners on offshore registration.
Secondly, in Saint Vincent and the Grenadines, brokers and investment companies are not regulated. The local regulator has issued a warning about this. When visiting the official website of the regulating body, you will see a message stating that dealings with this broker are not controlled.
For operations in Russia, Kazakhstan, Belarus, and other CIS countries, a company must obtain licenses from local regulators. Odyssey Investment Group has ignored this process, which means a complete lack of guarantees for cooperation and fund withdrawals.
Trading Conditions: What Does Odyssey Investment Group Offer?
According to Odyssey Investment Group, on their platform, you will have convenient and secure access to trading with various assets. In addition to forex, they offer indices, stocks, commodities, cryptocurrencies, and ETFs. The pseudo-broker claims to be an innovation leader and boasts of their proprietary platform, but without investments, one cannot access it. Upon registration, you will need to deposit funds immediately.
Their commercial offer includes:
- Three tariff plans with initial deposits ranging from $1,000 to $25,000,
- Protection against negative balance,
- Maximum leverage from 1:10 to 1:500,
- Variable spreads (exact size not specified),
- Instant execution,
- Personal manager services,
- 24/5 support,
- Funds deposit/withdrawal via bank transfer, credit cards, Skrill,
- Use of web trader and mobile trading application.
According to user reviews, the platform only provides opportunities for capital investment. Scammers do not allow users to withdraw even the profits earned.
Former Clients’ Reviews
After a relatively short time in the financial market, the scam project has managed to accumulate a significant number of negative reviews. People regret their experience with this company and do not recommend others to engage with it.
What has been your experience interacting with the subject of our review? Share your reviews and experiences of trading on this platform.
Operation Principle of the Fraudulent Scheme
The scammers from Odyssey Investment Group offer free training and expert assistance to attract newcomers into a financial trap. For those who do not have sufficient investment, they suggest taking out loans. Judging by the numerous negative reviews online, they are successful in deceiving people.
The managed platform enables the criminals to manipulate newcomers for an extended period and extract large sums from them. Once the victim’s wallet is empty, all communication ceases. Contacting project managers becomes impossible. They ignore complaints and pleas to return at least the initial investments.
Review Summary
Odyssey Investment Group is a fraudulent project from an offshore zone. The fraudsters launched this scam, and if you have become their victim and lost funds, contact a chargeback service. This is the only chance to recover money, as regulators cannot assist in resolving financial issues with a fake broker.
My experience with Odyssey Investment Group in 2023 was definitely a low point in my financial journey. I was initially attracted to their marketing promises of top-notch financial advice and superior customer service. However, they failed to deliver on both fronts. Their advisors seemed incredibly out of touch with the current market trends, providing outdated and ineffective investment strategies. Furthermore, their customer service was far from impressive. It was a struggle to get in touch with them, and even when I managed to, they were unfriendly and unhelpful. The lack of clear communication and transparency about their fees was also a huge disappointment. All in all, my experience with Odyssey Investment Group has been incredibly disappointing and made me reconsider who I trust to handle my investments.