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No Regulation
Score
1.12 /10
Danger
OBO Markets
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index3.97
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
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
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Warning: Low score, please stay away!
Previous Detection :
2025-01-31
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| OBO MarketsReview Summary | |
| Founded | 2024-05-22 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | CDFs/Forex/Indices/Commodities/Metals |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | MT5(Web/Desktop) |
| Min Deposit | $50 |
| Customer Support | Phone: +971 0529626257 |
| Phone: +971 0559305041 | |
| Email: support@obmarket.com | |
OBO Markets Information
OBO Markets is a newly established forex broker registered in the United Arab Emirates, giving traders access to various trading instruments, such as CDFs, forex, indices, commodities, metals, and more. The broker also provides classic, gold, platinum, elite, and rawaccounts. OBO Markets are still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| MT5 available | Unregulated |
| Various tradeable instruments | No account and fee information |
| Spread as low as 0.2 pips | Inaccessible official website |
| Leverage up to 1:500 | |
| Commission-free |
Is OBO Markets Legit?
OBO Markets is not regulated, making it less safe than regulated brokers.
What Can I Trade on OBO Markets?
Traders can choose different investment directions because the broker provides CDFs, forex, indices, commodities, metals, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| CDFs | ✔ |
| Indices | ✔ |
| Metals | ✔ |
Account Type
OBO Markets has five account types with different deposits: classic, gold, platinum, elite, and raw. Traders with a small budget can choose a classic account.
| Account Type | Classic | Gold | Platinum | Elite | Raw |
| Deposit | 50$ To 1000$ | 1000$ To 3000$ | 3000$ To 10000$ | 10000$ To Above | 20000$ To Above |
| Leverage | 1:500 | 1:500 | 1:500 | 1:500 | 1:500 |
| Min. Lots | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| No Commissions | Yes | Yes | Yes | Yes | Yes |
| Spreads | From 0.2 Pips | From 0.2 Pips | From 0.2 Pips | From 0.2 Pips | From 0.2 Pips |
OBO Markets Fees
The spread is from 0.2 pips, the commission is0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500meaning that profits and losses are magnified 500 times.
Trading Platform
OBO Markets cooperates with the authoritative MT5 trading platform available on the web and desktop to trade. Traders with rich experience are more suitable for using MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Web/Desktop |
Deposit and Withdrawal
The minimum deposit is $50. OBO Markets accepts several deposit/withdrawal methods: bank transfers, credit/debit cards, and e-wallets. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
Customer Support Options
Traders can communicate via Facebook, Twitter, LinkedIn, Instagram, etc. Traders can also get in touch via phone, online chat, and email. However, customer support schedules are unclear.
| Contact Options | Details |
| Phone | +971 0529626257 |
| +971 0559305041 | |
| support@obmarket.com | |
| Online Chat | ✔ |
| Social Media | Facebook/Instagram/YouTube |
| Supported Language | English |
| Website Language | English |
| Physical Address | Office No. 701, 7th floor AI Jawharah Building, Bank Street Bur Dubai, Dubai U.A.E |
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