Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

OBOFX

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://obofx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
OBOFX-Demo MT5
Server Location Netherlands

Contact

+1 8555666947
support@obofx.com
https://obofx.com/
Suite 305, Griffith Corporate Center, P.O Box 1510, Beachmont Kingston St Vincent and the Geradines.

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

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
OBOFX
Proton Markets
RCPro

Contact number

English

+1 8555666947

Broker Information

More

Company Name

OBO Holding (SV) Ltd

Company Abbreviation

OBOFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed OBOFX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

LonghornFX

7.59
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

Exness

8.37
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

OBOFX · Company Summary

basic-info

General Information

Registered in the Saint Vincent and the Grenadines, OBOFX is an offshore forex broker providing easy access to a massive financial market, and investors have the flexibility to choose from a range of financial instruments, such as Forex, Gold, Silver, Indices, Commodity CFD. With the Climax Prime platform, four trading accounts are available: Micro, CurrencyX, Premium and Zero, and the minimum deposit to invest with this broker starting at $1, leverage that can be used up to 1:1000.

OBOFX is not subject to any regulation, and trading with an unregulated forex broker is a surefire way to lose your money. please be aware of the risk.

Market Instruments

With the OBOFX platform, four classes of trading instruments including Currency Pairs, Precious Metals (Gold and Silver), Commodities, and Indices are all available through this brokerage platform.

Account Types

With the OBOFX platform, four tiered trading accounts are on offer: Micro, CurrencyX, Premium and Zero accounts. To open a Micro account, only $1 is enough, friendly to beginners. The CurrencyX requires an initial deposit of $500, and the Premium account asks for an initial deposit of $1,000. The most expensive account, the Zero account, requires a high deposit of $25,000.

account-types

Aside from live accounts, demo accounts are also available for beginners to gain a feel of trading environment and practice their trading skills without risking their real capitals.

How to open an account with OBOFX?

Opening an account with OBOFX is an easy and simple process:

1. Click the “Open Live Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, OBOFX allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are tightly associated with account types. The Micro, CurrencyX, and Premium accounts provides a zero-commission trading environment, accompanied by average spreads, starting at 2 pips, 1 pips, and 2 pips, respectively. The Zero account provides spreads from pips, with a certain amount of commission charged.

Trading Platform

OBOFX provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Aside from the MT5 trading platform, a Webtrader is also available.

Payment Methods

The minimum deposit to invest with OBOFX is $10, and this broker allows its clients to make a deposit and withdrawal through multiple payment methods, including Wire Transfer, CASHU, Webmoney, VISA, FasaPay, Ukasj, Neteller, Skrill, and MasterCard.

payment-methods

Customer Support

Culture Capital hypes that it offers 24-hour around-the-clock customer support. Clients have any inquiries or trading-related issues can also get in touch with Culture Capital through the following channels:

Telephone: +18555666947

Email: info@obofx.com

Online Chat

Registered Company Address: Suite 305, Griffith Corporate Center,Beach Mont, Kingston, PO Box 1510

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

Korkiat64424315
more than one year
Very good broker: interface is fast and easy to use, spreads are very low, and it's perfect for EA with a Zero account, which is what I'm using. Also, withdrawals are instant and processed in a few hours.
2022-12-11 16:20
Reply
0
0
A 李云
more than one year
Despite all its favorable and attractive conditions, I recommend never trading with a forex broker registered in St. Vincent and the Grenadines..... This is the lesson of many victims of forex scams....
2022-12-01 10:03
Reply
0
0
FX1056764795
more than one year
There are plenty of advantages if we talk about OBOFX, but the main ones, in my opinion, are educational content and other feature of trading activity. I want to note that there is a maximum leverage of 1:1000, which is very useful for those traders who are fond of taking risks and getting high incomes. Of course, it might be a very risky activity for rookies, however, I advise rookies to stay away from leverage because it might lead to bad consequences. Educational content prevails over other t
2022-11-28 16:24
Reply
0
0
FX1062524577
more than one year
In my opinion, obofx is a good broker, with low entry threshold, high leverage, mt5 trading platform, multilingual customer support. My friend recommends it to me. Hahaha, I cannot wait to open an account with obofx. I’ll tell you guys later my what I obtain on this platform.
2022-11-28 13:38
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com