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The WikiFX Score of this broker is reduced because of too many complaints!

OBFX

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://obfex.com/index.html

Website

Rating Index

Contact

+44 1618 507890
info@obfex.com
https://obfex.com/index.html
FLAT 43 PERKINS HOUSE WALLWOOD STREET LONDON, ENGLAND
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

Contact number

English

+44 1618 507890

Broker Information

More

Company Name

OBFX GLOBAL TECHNOLOGY LIMITED

Company Abbreviation

OBFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • 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 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

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OBFX · Company Summary

basic-info

General Information

Established in 2021, OBFX presents itself as a copy trading platform registered in the United Kingdom, offering its clients easy access to diversified range of financial markets, such as currencies, Commodities, Cryptocurrencies, and Indices.

Is OBFX safe to trade with

OBFX has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.21out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

wikifx

Products & Services

OBFX provides its clients access to various financial markets, Forex, Synthetic Indices, Stocks, and Commodities.

product-service

Account Types

OBFX offers two trading accounts: Classic account and Platinum account. To open a Classic account, you need to fund at least $200 and traders who want to try the Platinum account need to fund $500 into the account.

account-types

Spreads & Commissions

OBFX hypes that it offers competitive spreads and commission across all asset classes, the spreads on FX pairs as low as 0.2 pips, 0.4 pips on US500, commission from $3 on US Stocks, $1.25 on Commodities.

spreads-commissions

Leverage

When it comes to leverage, OBFX permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators.

Don't assume that high leverage is always beneficial; it can magnify both your wins and your

losses.

Trading Platform

OBFX fails to offers its clients the industry-leading MT4 or MT5 trading platform.

Payment Methods

OBFX allows its clients to make a deposit and withdrawal through VISA, MasterCard, Skrill, PayPal, Neteller.

payment-method

Customer Support

Traders can reach out to OBFX about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: info@obfex.com

Registered Company Address: FLAT 43 PERKINS HOUSE, WALLWOOD STREET, LONDON, ENGLAND

Or you can follow this broker on some social media platforms, such as Facebook, Instagram, Twitter and Linkedin.

Educational Resources

OBFX offers some trading tools and educational resources to its clients, which include Fast Academy, Video Tutorials, Courses, E-Books, Glossary.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

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

User Reviews

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2

Comments

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Yuri Chen
more than one year
Not regulated, the manager disappeared after I paid the fees and asked for to get my withdrawal order processed and there was no response from the support.
2022-12-14 14:27
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柳2965
more than one year
A large gang of con artists. Withdrawal is still waiting after 3 weeks of trying several contact methods (phone, and mail) with no success. Be wary of them.
2022-12-10 15:03
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