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
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.
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.
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.
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.
