OBO Markets

WikiFX | 2024-11-28 17:53

Resumo：　　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.

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
Phone	+971 0559305041
Email	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