OBFX-Overview of Minimum Deposit, Leverage, Spreads

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.

Products & Services

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

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.

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.

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.

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.