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No Regulation
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
OBV Trade MT5
China|1-2 years| Suspicious Scope of Business|High potential risk|
https://www.obvforex.com/
Website
Rating Index
Contact
support@obvforex.com
https://www.obvforex.com/
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
OBV Trade MT5
Company Abbreviation
OBV Trade MT5
Platform registered country and region
China
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
3
Previous Detection :
2024-04-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
9 pieces of exposure in total Pyramid scheme complaint
Expose Scam
The platform of the fraud gang
The platform of the fraud gang allows us to deposit funds and never withdraw them again.
2023-10-21 20:16
Unable to Withdraw
Unable to withdraw
October 16th, I was kicked out of the group, I can not contact the community teacher, obv is with them. Everyone do not trust them. These people are crypto affiliate on Weibo (a platform like twitter).
2023-10-20 00:49
Unable to Withdraw
Unable to withdraw funds
Please contact me for customer service, thank you. I woke up this morning and suddenly found that the group had been disbanded! No one can be contacted! Unable to withdraw funds.
2023-10-16 04:17
Unable to Withdraw
Unable to withdraw funds
The group has also been disbanded and withdrawals cannot be made. The withdrawal address is still under review and no one from customer service responded.
2023-10-16 13:55
Unable to Withdraw
Scam
The account is under review, I can’t withdraw money. I can’t find the person, and they all ran away.
2023-10-23 09:58
Unable to Withdraw
Unable to withdraw funds
When I woke up in the morning, the group was disbanded, the withdrawal application was not reviewed, and the customer service did not respond. I can't withdraw the money. Customer services please help me.
2023-10-16 22:52
Unable to Withdraw
Crypto community scam, no money can be withdrawn
They should all be members of crypto. Chen Daozai and Tycoon are committing fraud. I have already called the police. Brothers should go to the police to increase the chance of solving the case.
2023-10-27 20:15
Resolved
Unable to withdraw funds
Customer service can contact me...Thank you. When I woke up in the morning, I suddenly found that the group had been disbanded! No one can be contacted! Unable to withdraw funds
2023-10-23 15:53
OBV Trade MT5 · Company Summary
| OBV Trade MT5 Review Summary | |
| Founded | 2002 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | Foreign exchange, precious metals, energy and major global indices |
| Demo Account | Available |
| Leverage | N/A |
| EUR/ USD Spreads | 0.0 pip |
| Trading Platforms | MT5 |
| Minimum Deposit | N/A |
| Customer Support | Email, WhatsApp |
What is OBV Trade MT5？
Founded in 2002, OBV Trade MT5 is a global trading provider headquartered in London. With direct branches in the United States, Canada, and Sydney, Australia, it offers a wide range of trading instruments to its clients. OBV Trade MT5 provides competitive spreads starting from 0.0 pips on its trading instruments. Clients of OBV Trade MT5 have access to the highly regarded MT5 .
It's important to note that OBV Trade MT5 currently does not hold any valid regulation. As regulatory compliance is a crucial aspect of the trading industry, potential clients should carefully consider this factor when evaluating their options.
In this article, we will examine the broker's features from different angles, presenting you with concise and well-structured information. If you are interested, please continue reading. Towards the end of the article, we will sum up the broker's characteristics in a brief conclusion, allowing you to easily grasp its key attributes.
Pros & Cons
| Pros | Cons |
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Pros:
MT5 Supported: OBV Trade MT5 provides its clients with the MetaTrader 5 (MT5) platform, which is a popular and widely used trading platform. MT5 offers advanced features, a user-friendly interface, and supports various trading styles and strategies.
Many of Trading Instruments: OBV Trade MT5 offers a wide variety of trading instruments to choose from. This includes major and minor currency pairs, commodities, indices, and more.
Demo Accounts Available: OBV Trade MT5 offers demo accounts, which are valuable for beginners or traders who want to practice and test their strategies without risking real money.
Cons:
Not Regulated: One notable con of OBV Trade MT5 is that it currently lacks valid regulation. Regulation provides oversight and ensures that the broker operates in a fair and transparent manner, protecting the interests of traders. The absence of regulation may raise concerns regarding the safety of funds and overall reliability.
Limited Research Selection: Another drawback is that OBV Trade MT5 has a limited research selection. Research tools and analysis are critical for making informed trading decisions. Having access to comprehensive research can provide traders with valuable insights, market analysis, and trading ideas. The availability of limited research may hinder traders in their decision-making process.
Is OBV Trade MT5 Safe or Scam？
OBV Trade MT5 is not currently regulated, which implies that their operations lack oversight from government or financial authorities. This absence of regulation introduces risk when investing with them.
If you are contemplating investing with OBV Trade MT5, it is important to tkae comprehensive research and carefully assess the potential risks and rewards before making any decisions. In general, it is advisable to choose regulated brokers to ensure the safety and protection of your funds.
Market Instruments
OBV Trade MT5 offers all kinds of trading instruments:
- Foreign Exchange (Forex): OBV Trade MT5 provides access to all kinds of currency pairs, allowing traders to speculate on the exchange rate movements between different global currencies.
- Precious Metals: Traders can also trade precious metals such as gold, silver, platinum, and palladium. These metals are considered safe-haven assets and are often sought after during times of economic uncertainty.
- Energy: OBV Trade MT5 enables trading of energy commodities. Energy markets are influenced by geopolitical factors, supply and demand dynamics, and global economic trends.
- Major Global Indices: The platform offers trading opportunities on major global stock indices, including the S&P 500, Dow Jones Industrial Average, FTSE 100, DAX 30, and Nikkei 225. Traders can speculate on the overall performance of these indices, representing certain markets or sectors.
In addition to these asset classes, OBV Trade MT5 may also provide access to other trading instruments like cryptocurrencies, agricultural commodities, and bonds, depending on the broker's offerings. It's important to note that the availability of specific instruments can vary among brokers using the MT5 trading platform.
Spreads & Commissions
OBV Trade MT5 offers competitive spreads starting from 0.0 pips on their trading instruments. The spread represents the difference between the bid and ask price of a financial instrument. A lower spread indicates better trading conditions, as it reduces the cost of entering and exiting trades.
Regarding commissions, OBV Trade MT5 does not explicitly mention any commission charges on their website or platform. However, it's important to note that some brokers using the MT5 platform may charge commissions on certain account types or specific trading instruments. These commissions are typically applied in addition to the spread and can vary depending on the broker's fee structure.
Trading Platforms
OBV Trade MT5 provides its clients with the MetaTrader 5 (MT5), a powerful and popular platform that offers a outstanding range of features and tools to enhance the trading experience.
The MT5 desktop platform is designed for Windows and Mac operating systems. It provides a user-friendly interface with advanced charting capabilities, multiple timeframes, and a wide range of technical indicators and drawing tools. Traders can execute trades directly from the charts and access a variety of order types.
The MT5 web platform allows traders to access their accounts and trade from any web browser without the need to download or install any software. It provides a similar interface to the desktop platform and offers most of the features and tools available on the desktop version.
MetaTrader 5 Mobile Apps: OBV Trade MT5 also offers mobile trading apps for iOS and Android devices. The mobile apps are fully-featured and provide traders with the flexibility to trade on the go. They offer real-time price quotes, interactive charts, order management capabilities, and access to account information.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: support@obvforex.com
WhatsApp:+447354484858
Line:@d8_qIdtRsw
Telegram:@ElementCS00
Conclusion
In conclusion, OBV Trade MT5 is a global trading provider. It offers a wide variety of trading instruments and competitive spreads starting from 0.0 pips. However, it is important to note that OBV Trade MT5 currently does not have any valid regulation.
Regulation is a critical factor in the financial industry as it provides oversight and protection for traders' funds. It ensures that brokerage firms operate in a fair and transparent manner.
Frequently Asked Questions (FAQs)
| Q 1: | Is OBV Trade MT5 regulated？ |
| A 1: | No. OBV Trade MT5 has been verified it currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at OBV Trade MT5？ |
| A 2: | You are able to contact via email, support@obvforex.com and WhatsApp, +447354484858. |
| Q 3: | Does OBV Trade MT5 offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does OBV Trade MT5 offer the industry leading MT4 & MT5？ |
| A 4: | Yes. It offers MT5. |
| Q 5: | Is OBV Trade MT5 a good broker for beginners？ |
| A 5: | No. It is not a good choice for beginners because of its unregulated condition. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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