Omron is an investment based website that claims to be rewarding users with up to 15% interest on any amount used to purchase a plan. Being a website that requires users to fund and activate a plan, it’s not without significant risk especially, judging from the fact that there is no known owner of the site, so no one to hold accountable should things not go as planned.
In this article, we will be having a look at omron, all there is to know about it; an analysis of what it claims to be as against what it really is. So if you have plans to join the platform and reading this article right now, consider yourself a lucky person.
What is Omron.com.ng, and How Does It Work?
Omron otherwise known as Omron Tech World is an online earning website where users earn up to 15% of whatever amount they fund and use in purchasing one of the investment plans available. The website was launched a week ago and since then, the popularity has grown amongst some social media users who are interested in earning some money online.
People love to refer to websites like Omron as investment schemes but in reality, it’s a hyip, a ponzi scheme where the funds of depositors are used to settle or pay the withdrawals of people withdrawing.
As an intending user, all that’s required of you is to create an account and then login and fund your wallet on the site with any amount starting from their minimum “investment plan” and then use the recharged amount to purchase a plan.
Amount needed to purchase a plan on Omron, range from 3,000 naira to 300,000 naira and for any plan activated, you earn extra revenue on a daily basis once activated. Immediately you earn up to the minimum withdrawal, you place withdrawal and receive the money in your local bank account.
Apart from the investment part as they call it, you can also earn from the people you bring into the system. If you refer others, you earn 25% of whatever amount they use in activating a plan and also earn from their own referrals. The rewards extend beyond just first and second level as you can also earn from your third level referrals.
How to Get Started
To get started, you need to create an account via the main homepage, omron.com.ng and then proceed to fill the sign up form.
Once you complete the registration process, you will be logged into the main dashboard where you will be able to access some features such as Recharge, Withdraw etc. If you’re convinced and wish to fund your wallet, simply click on Recharge, select the amount and proceed to transfer the stated amount to the account details provided.
After which, you will have to return to the dashboard and activate one of the plans. At the time of writing this article, the Invest tab is still being worked on, so the only way to activate a plan is by selecting the one you want via the homepage, while logged in.
After activating the plan return to the site every 24 hours to see your extra reward which they like to call, interest but I don’t call it that because depositing money into hyip schemes like this is never regarded as an investment, rather a risk.
How to Withdraw
The minimum withdrawal is 700 naira at the time of writing this article, but it’s not uncommon for ponzi schemes to adjust the threshold upwards when pressure comes at them. If by the time you’re reading this article, the minimum threshold is still low, consider yourself lucky.
To withdraw after you’ve hit the minimum threshold, simply click on Withdraw, bind your bank account details if it’s your first time and then you will be taken to the withdrawal request page to enter amount and submit.
According to the information on their WhatsApp group, withdrawals can take anywhere between 1 – 30 mins. But when it extends beyond just minutes to hours, then you are advised to contact the support team for assistance.
Verdict
Omron.com.ng is not a legit earning website. It’s a ponzi scheme and all such sites are universally regarded as scam sites and though they may not seem to be fraudulent at first, as time goes on, things will certainly get bad due to pressure caused by the so called interest being paid out to users.
Additionally, sites like Omron.com.ng doesn’t have a known owner, meaning users have no one to hold accountable when things get bad because things will certainly get bad as time goes on. If it’s your first time participating in ponzi schemes, it may be difficult for you to properly manage your losses. So it’s best to completely steer clear of sites like this unless you perfectly understand the principles.
Omron is no longer safe. Few days ago, I was on their group and they kept complaining that hackers were trying to bring them down. For your own good therefore, it is unadvisable to deposit money into a platform that is already having battles with hackers. Anything that has to do with money shouldn’t be done carelessly.
Therefore, apart from the fact that one should be careful with ponzi schemes, omron is also not safe at this point.
On a more conventional level, there are quite a few red flags that users who may want to participate regardless of the risks should bear in mind and they are as follows;
1. Low “Interest” Rate – what they like to call ROI is not as impressive as it should be considering the amount one needs to spend to activate the minimum plan. There’s a saying that, a risk should be worth it. Personally I have seen websites that offer users as much as 30% per day for investing but here it’s different. The rate is quite poor and to be honest, I don’t think it’s worth the risk.
2. Payment is not Instant – unlike what is obtainable on other investment based on sites, payment isn’t instant on here. Some users have even been seen complaining that their withdrawal request took over an hour without being honoured. Once a ponzi scheme that’s delaying payment, it’s best to stay away from it.
3. No welcome bonus – most investment based websites give users a tangible welcome bonus to help lower their overall risk. But the welcome bonus on omron is just 300 and when you weigh this against the minimum investment amount, you would clearly see that it’s not really favourable to the users. This is also adds up more reasons why you should only risk money you can easily afford to lose or stay away.
4. High withdrawal charges – users are charged 10% of any amount they withdraw which is very unfair. Normal withdrawal charges shouldn’t exceed 2-5% but here it’s very high, making the whole thing less profitable.
Conclusion
Omron is an investment website and it can’t be considered a legit source of income. If you are looking to participate, bear in mind that there are no guarantees for any amount spent on purchasing a plan. Websites like this tend to crash after sometime, so there’s need to only participate with money you can afford to let go of.
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