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OBFX -

Score

1.39 /10
Danger

OBFX

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://obgfx.cc/index.html

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.07

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Broker Information

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Company Name

OBFX GLOBAL TECHNOLOGY LIMITED

Company Abbreviation

OBFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-16
  • 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

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Deny withdrawal by various reasons

Require to pay personal income tax and margin, and deny withdrawal by various reasons

WENWEN70956
2022-10-20 14:04
Unable to Withdraw

Not allowed to withdraw money for various reasons

There are various reasons to refuse to withdraw funds, and ask you to pay taxes, and then suspect money laundering, freeze the account and ask for margin, etc.

FEIYEXIAOGE
2022-11-15 21:03
Resolved

Unable to withdraw

Ask you to pay personal income tax, but still do not withdraw after that. Then, they ask for margin and a10% of the account balance will be deducted daily as liquidated damages until the balance is deducted.

WENWEN70956
2022-09-18 19:20
Scam

Scam

1. Someone will induce you to continuously deposit funds. 2. During the period, you will make money by their guiding. Please note that making money is done under their inducement, and there will be slippage. 3. Continue to deposit 4. Use the slippage to make you liquidate your position. 5 deposit again, they will also deposit 6. If you make money, they won't let you withdraw

mml
2022-05-28 15:42
Unable to Withdraw

scam alert

I received a transaction review email asking me to upload a video for verification when I attempted to withdraw $23,000 from the account, but there was no response for many days after the video was posted. The crucial factor is that it was only recently evaluated, and this time there is no justification. I can be viewed as a rare and veteran customer because of the restricted withdrawal. Before The Australian government's Austrac.org destroyed the website that had been making unpleasant moves towards investors, but recently it has been a terrible experience for all of us that the transaction review occurred. The issue with the user experience can't be resolved right away.

FX57947855
2022-12-03 05:27
OBFX · Company summary

Note: OBFX's official website: https://obgfx.cc is currently inaccessible normally.

OBFXReview Summary
Founded2022
Registered Country/RegionUK
RegulationNo regulation
Market InstrumentsForex and shares
Demo Account✅
LeverageUp to 1:500
Spread0.7 pips
Trading PlatformMT5
Min Deposit$100
Customer Support24/5 live chat
+44 1618 507890
info@obfex.com

OBFX Information

OBFX is a global forex and shares broker. It was founded in the UK, and it claims to hold licenses in the UK, Australia, and South Africa. However, this company in fact doesn't have real licenses, and it lacks regulation.

OBFX's homepage

Pros and Cons

ProsCons
24/5 live chat supportLack of regulation
Demo accountsUnavailable website
Tight spreadsLimited trading asset classes
MT5 supported

Is OBFX Legit?

No license

OBFX is not regulated. It claims to be regulated by the FCA in the UK, ASIC in Australia and the FSCA in South Africa. However, it can not be found in the database. Therefore, the truth is that OBFX lacks regulation.

No results from the FCA

What Can I Trade on OBFX?

In general, it offers forex and shares trading. OBFX claims that it provides free access to over 40,000 trading instruments. In this platform, customers can explore the forex and the CFD markets.

Account Type/Leverage/Spreads & Commissions

Account TypeMax LeverageSpreadsCommission
Classic account1:5000.7 pips/
Platinum account1:5000.7 pips/

Trading Platform

OBFX uses MetaTrader 5 (MT5) as its trading platform. To be noted, the trading is entirely fictitious, and there is a possibility that OBFX fools their customers that their money is being invested.

MT5

Deposit and Withdrawal

OBFX claims to offer various deposit and withdrawal methods, including Visa, PayPal, MasterCard, Skrill and Neteller.

Customer Service

Contact Options Details
Phone +44 1618 507890
Email info@obfex.com
Support Ticket System ❌
Online Chat 24/5
Physical Address Flat 43 Perkins House Wallwood Street London, England

The Bottom Line

OBFX has several potential risks, and it is suggested not to trade in this platform.

FAQs

Is OBFX safe?

No, it's not safe, and the trading is entirely fictitious.

Is OBFX a good for beginners?

Not exactly, certain economic knowledge is required.

What trading platforms do OBFX have?

It uses MetaTrader5 as its major trading platform.

News

ExposureWikiFX Review: what you should know about OBFX Global

Have you ever purchased financial currency on OBFX? Be careful, you may into the trap.

WikiFX
2022-09-20 11:34
WikiFX Review: what you should know about OBFX Global
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User comment

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Comments

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FX1304268016
more than one year
OBFX is a horrible scammer! I was scammed like so many others. How can we get our money back? To be honest, I'm giving up hope. I hope that users who see my comment can be more vigilant and don't be deceived.
OBFX is a horrible scammer! I was scammed like so many others. How can we get our money back? To be honest, I'm giving up hope. I hope that users who see my comment can be more vigilant and don't be deceived.
Translate to English
2023-03-01 18:24
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