OBO Markets

OBO Markets Information

OBO Markets, newly registered in May, 2024 in Dubai, is a brokerage company who focuses on forex trading. It offers a demo account and 5 tiered live accounts with investment from $50. Leverage is up to 500x and the broker does not charge trading commissions. The trading platform they use is the world-acclaimed MT5 platform. In addition, the broker implements segregated accounts for customer fund safety.

However, it should not be neglected that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.

Pros and Cons

Is OBO Markets Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on OBO Markets?

When dealing with trading, it's always wise to choose several products at one time to scatter risks instead of focusing on one only. With OBO Markets, you have a wide range of options to expand your portfolio.

1. Forex: Trade global currencies to capitalize on the dynamic forex market. Popular and most traded pairs include EURUSD, AUDUSD, etc.
2. Commodities: Diversify your portfolio with essential commodities like precious metals such as gold, silver, as well as energy products like oil and natrual gas, etc.
3. Indices: Gain exposure to specific sectors or regions through market indices.
4. CFDs (Contract for Difference): Financial derivative that allows traders to speculate on the price movements of assets without owning the underlying asset, enabling profit from both rising and falling markets.

Account Type

The broker offers not only a demo account for trading strategy testing, but also 5 tiered live accounts for traders with varying experience and financial levels. Each account has its minimum and maximum investment requirements, the trading size of which fits a wide range of customer groups, from beginners to high-net-worth traders.

For example, beginners can start with the Classic account, with capital requirement ranging from $50 to $1000. They can start small from like $50 to test water first. Those who gain enough experience and confidence and want larger trading volumes can move up to the next tiers to enjoy more benefits and support.

Spreads are from 0.2 pips and leverage is up to 200x over all account types with a commission-free structure.

You can choose the one that suits you best based on your financial capacity and risk appetite.

Trading Platform

OBO Markets offers the cutting-edge and popular MetaTrader5 platform which is widely used worldwide. With the MT5 trading platform, traders can experience optimized trading speed, ability to hedge positions, and hands-on to the 38 in-built indicators.

With OBO Markets, you can access the platform on any devices which is web-accessed with internet connectivity, or you can download the app to your desktop to stay ahead of the market trends.

PAMM & Copy Trading

OBO Markets offers a PAMM (Percent Allocation Management Module) function so traders can monitor all their funds or clients funds in a specific account to optimize trade execution.

Besides, traders can also search for the best strategy manager and copy their strategies to efficiently make profits for successful trading instead of exploring hardly by oneself.

Deposit & Withdrawal

OBO Markets accepts several deposit/withdrawal methods: bank transfers, credit/debit cards, and e-wallets.

Furthermore, the broker offers 100% deposit bonus for traders to open larger positions for their trades. Investors can also build a secondary source of income by participating in the company's monthly reward program by referring new clients.

Customer Support Options

OBO Markets says it offers 24/7 customer service and can be contacted by email, phone, and a support ticket form. Investors can also visit their offices in UAE.

Live chat and social media platforms are also available that the broker promises instant solutions to your inquiries.

The Bottom Line

To sum up, though OBO Markets is not regulated by any financial authorities so far, it's still not a bad choice overall. The fund segregation to some extent ensures customer fund safety even during company insolvency. Moreover, tiered accounts with starting investment requirement from $50 is affordable to most traders. Copy trading allows traders to imitate strategies from successful traders to quickly make profits.

However, no investment activity is 100% safe or out of risks, carefully balance the pros and cons of a broker before trading.

FAQs

Is OBO Markets safe?

Though the company is not regulated by any financial authorities so far, it implements several security measures such as fund segregation, DDoS system, anti-Fraud protection, etc for customer safety.

Is OBO Markets good for beginners?

Yes, beginners can start small from $50 and practise themselves first in the virtual account first.

What trading platform does OBO Markets have?

OBO Markets offers Web and desktop MT5 platform.

Are there any restricted areas ofOBO Markets' services?

Yes, the company refrains from offering services to residents of Syria, North Korea, Iran, Iraq, Mauritius, USA, Canada, Sudan, Myanmar, Yemen, Afghanistan, Vanuatu, and EEA countries.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.