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Obo Holding Ltd

United Arab Emirates|1-2 years|
Suspicious Scope of Business|High potential risk|

https://obohfx.com/

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+44 7706 670139
https://obohfx.com/
# 715, 7th Floor Park Lane Tower Business Bay, Dubai - United Arab Emirates
https://www.facebook.com/oboholding

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No valid regulatory information, please be aware of the risk!

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Company Name

Obo Holding Ltd

Abbreviation

Obo Holding Ltd

Platform registered country and region

United Arab Emirates

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Obo Holding Ltd · WikiFX Survey

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Obo Holding Ltd · Company Summary

Aspect Information
Company Name Obo Holding Ltd
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2019
Regulation Unregulated
Tradable Assets Forex, CFDs on stocks, indices, commodities, and cryptocurrencies
Account Types Silver, Gold, and Platinum
Minimum Deposit $100
Maximum Leverage Up to 1:5000
Spreads From 1.8 pips
Trading Platforms MetaTrader 5
Tradable Assets Forex, CFDs, Cryptocurrencies
Account Types Standard, Professional, ECN
Demo Account Yes
Customer Support Live Chat, Email at info@www.obohfx.com, Phone at +44 7563722229.
Deposit & Withdrawal Bank Transfer, Credit/Debit Card, E-wallets
Educational Resources Webinars, Seminars, Trading Guides

Overview of Obo Holding Ltd

Obo Holding Ltd is a forex and CFD broker that was founded in 2019 and is based in Saint Vincent and the Grenadines. The company offers a variety of trading accounts, including Standard, Professional, and ECN accounts, and supports popular trading platforms like MetaTrader 5. Obo Holding Ltd offers tight spreads on a wide range of tradable assets, including forex pairs, CFDs on global stocks, commodities, and cryptocurrencies. The company also provides a demo account so that traders can practice their strategies without risking any real money.

Overview of Obo Holding Ltd

Pros and Cons

Pros Cons
Low minimum deposit of $100 Unregulated broker
Wide range of tradable assets Increased risk of funds not being safe
Tight spreads No negative balance protection
Support for popular trading platforms Limited customer support
Demo account available Risk of losing more money than deposited

Pros:

  • Low Minimum Deposit of $100: Obo Holding Ltd offers a relatively low minimum deposit of $100, making it an accessible option for beginner traders who are just starting out in the forex market. This low barrier to entry allows traders to test the waters and get familiar with the platform and trading principles without significant financial risk.

  • Wide Range of Tradable Assets: Obo Holding Ltd provides a diverse selection of tradable assets, encompassing forex pairs, CFDs on global stocks, commodities, and cryptocurrencies. This extensive range caters to traders with varying interests and risk appetites, enabling them to diversify their portfolios and explore different trading opportunities.

  • Tight Spreads: Obo Holding Ltd boasts competitive spreads on a wide range of tradable instruments. Spreads represent the difference between the bid and ask prices, and tighter spreads generally indicate lower transaction costs and potentially higher profits.

  • Support for Popular Trading Platforms: Obo Holding Ltd supports MetaTrader 4 and MetaTrader 5, which are widely recognized and user-friendly trading platforms. These platforms offer advanced charting tools, technical indicators, and automated trading capabilities, catering to both novice and experienced traders.

  • Demo Account Available: Obo Holding Ltd provides a demo account, allowing traders to practice their strategies and familiarize themselves with the platform without risking real money. This risk-free environment enables traders to refine their trading skills and develop strategies before committing their own funds.

Cons:

  • Unregulated Broker: Obo Holding Ltd is not regulated by any financial authority. This lack of regulation raises concerns about the company's financial stability, compliance with industry standards, and protection of client funds.

  • Increased Risk of Funds Not Being Safe: As an unregulated broker, Obo Holding Ltd is not subject to the same level of oversight and scrutiny as regulated brokers. This increases the risk that client funds may not be adequately safeguarded or protected against potential mismanagement or fraud.

  • No Negative Balance Protection: Obo Holding Ltd does not offer negative balance protection. This feature ensures that traders' losses cannot exceed their account balance, preventing them from owing more money than they initially deposited.

  • Limited Customer Support: Obo Holding Ltd's customer support options are limited to Live Chat, Email, and Phone. This may not be as comprehensive as the support offered by regulated brokers, which often provide real-time assistance through various channels, including live chat, phone, email, and social media.

  • Risk of Losing More Money Than Deposited: Obo Holding Ltd offers high leverage, which can amplify profits but also magnify losses. Traders should be aware of the potential risks associated with high leverage and exercise caution when using it.

Regulatory Status

Obo Holding Ltd is an unregulated broker, meaning it is not subject to the same level of oversight and scrutiny as regulated brokers. This carries an increased risk for investors, as there is no guarantee of fund safety or fair trading practices. Before considering Obo Holding Ltd, carefully evaluate the risks and compare their terms and conditions with those of regulated brokers.

Market Instruments

Obo Holding Ltd offers a variety of trading products, including:

  • Currencies: Obo Holding Ltd offers ultra-tight spreads on the most highly traded currency pairs. This means that you can trade at minimal cost, which can improve your profitability.

  • Stock Indices: Obo Holding Ltd offers you the opportunity to trade global stock indices. This means that you can speculate on the future direction of the stock market.

  • Shares: Obo Holding Ltd offers you the opportunity to trade long and short on shares. This means that you can profit from both rising and falling markets.

  • Energies: Obo Holding Ltd offers you the opportunity to invest in popular energies such as crude oil and Brent oil. This means that you can speculate on the future price of energy.

  • Metals: Obo Holding Ltd offers you the opportunity to trade metals against major currencies. This means that you can profit from the volatility of the metals market.

  • Cryptocurrency: Obo Holding Ltd offers you the opportunity to trade in popular cryptocurrencies such as Bitcoin and Ethereum. This means that you can speculate on the future price of cryptocurrency.

Market Instruments

Account Types

Obo Holding Ltd offers a variety of account types to suit different traders' needs and experience levels. This includes Standard, Professional, ECN, and Custom accounts.

Standard Account

The Standard Account is a great choice for beginner and intermediate traders. It has a low minimum deposit of $100 and leverage of up to 1:1000. The spreads start from 1.8 pips and there is no commission. This account is also swap-free, so you don't have to worry about paying overnight fees.

Professional Account

The Professional Account is designed for more experienced traders who want tighter spreads and higher leverage. It has a minimum deposit of $500 and leverage of up to 1:5000. The spreads start from 0.9 pips and there is no commission. This account is also swap-free.

ECN Account

The ECN Account is the most advanced account type offered by Obo Holding Ltd. It is designed for traders who want the best possible execution and the lowest possible spreads. The spreads start from 0.0 pips and there is a commission of $3 per order/lot. This account is also swap-free.

Custom Account

The Custom Account is a great option for traders who want to create their own account type. You can define the trading conditions that best suit your trading style, such as the spread, minimum deposit, leverage, and commission.

Feature Standard Account Professional Account ECN Account Custom Account
Spread From 1.8 pip From 0.9 pip From 0.0 pip Negotiable
Minimum Deposit $100 $500 $1,000 Negotiable
Leverage Up to 1:1000 Up to 1:5000 Up to 1:2000 Negotiable
Commission No No $3 per order/lot Negotiable
Margin Call 100% 100% 100% Negotiable
Stop Out 0% 0% 0% Negotiable
Swap No No No Negotiable
24/7 Live video chat support Yes Yes Yes Yes
Withdrawals Available Available Available Available
Demo account Yes Yes Yes Yes
Copy Trading tool Yes Yes Yes Yes
Bonus No No No Negotiable
Other features None None None Negotiable
Account Types

How to Open an Account?

Opening an account with Obo Holding Ltd is a straightforward process that can be completed online in a few minutes. Here's a step-by-step guide on how to open an account with Obo Holding Ltd:

  1. Visit the Obo Holding Ltd website: Navigate to the official website of Obo Holding Ltd (https://www.obohfx.com/).

  2. Click on the “Register” button: Locate the “Register” button on the homepage or the “Account” menu. Clicking on this button will initiate the account opening process.

  3. Complete the registration form: Provide your personal information, such as your full name, email address, phone number, and country of residence. Ensure that the information is accurate and complete.

  4. Set your account details: Choose a password for your Obo Holding Ltd account and select your preferred account type (Standard, Professional, or ECN).

  5. Verify your identity: Upload a copy of your government-issued ID (passport, driver's license, or national ID card) to verify your identity. This step is necessary to comply with anti-money laundering regulations.

  6. Fund your account: Choose your preferred deposit method and make an initial deposit to activate your account. Obo Holding Ltd offers a variety of deposit methods, including bank transfers, e-wallets, and cryptocurrencies.

  7. Download the trading platform: Download and install the MetaTrader 5 trading platform, which is the platform used by Obo Holding Ltd for trading.

  8. Start trading: Once your account is activated and funded, you can start trading on the forex, CFD, and cryptocurrency markets.

Spreads & Commissions

Spreads

Obo Holding Ltd offers a variety of spreads for different account types. Standard accounts have spreads that start at 1.8 pips, Professional accounts have spreads that start at 0.9 pips, and ECN accounts have spreads that start at 0.0 pips. Spreads are the difference between the bid and ask prices of a currency pair. The lower the spread, the more profitable your trades can be.

Commissions

Standard and Professional accounts do not charge a commission. ECN accounts charge a commission of $3 per lot. A lot is a standard unit of currency that is traded. One lot is equal to 100,000 units of a base currency.

Here is a table that summarizes the spreads and commissions for each account type:

Account Type Spreads Commission
Standard From 1.8 pips No commission
Professional From 0.9 pips No commission
ECN From 0.0 pips $3 per lot

Leverage

The maximum leverage offered by Obo Holding Ltd depends on the account type:

  • Standard Account: Up to 1:1000

  • Professional Account: Up to 1:5000

  • ECN Account: Up to 1:2000

So, if you are a beginner trader, you may want to start with a lower leverage level, such as 1:100 or 1:200. This will help you to limit your risk and protect your account from losses. However, if you are an experienced trader and you are comfortable with taking on more risk, you may want to consider using a higher leverage level. This will allow you to control a larger amount of capital with a smaller investment.

Here is a table that summarizes the maximum leverage for each account type:

Account Type Maximum Leverage
Standard Account 1:1000
Professional Account 1:5000
ECN Account 1:2000

Please note that the maximum leverage is subject to change without notice. Obo Holding Ltd may also require you to provide additional documentation, such as proof of income or trading experience, before approving your request for higher leverage.

Trading Platform

Obo Holding Ltd uses MetaTrader 5 as its trading platform. MetaTrader 5 is an award-winning trading platform that is used by millions of traders worldwide. It is known for its powerful features, user-friendly interface, and wide range of customization options.

MetaTrader 5 allows you to trade in over 300+ instruments, including forex, CFDs, and cryptocurrencies. You can also trade on the go with the MetaTrader 5 mobile app for Android and iOS.

Trading Platform

Deposit & Withdrawal

Obo Holding Ltd offers a variety of convenient and secure payment methods for deposits and withdrawals.

Payment Methods

  • Bank Transfer: Bank transfers are a popular option for depositing and withdrawing funds. However, it is important to note that your bank may charge additional transaction fees. Deposits are processed within 3-5 business days.

  • Skrill: Skrill is an e-wallet that allows you to deposit and withdraw funds quickly and easily. There are no fees for Skrill deposits. Deposits are processed within 24 hours.

  • Perfect Money: Perfect Money is another e-wallet that allows you to deposit and withdraw funds quickly and easily. There are no fees for Perfect Money deposits. Deposits are processed within 24 hours.

  • Tether: Tether is a stablecoin that is pegged to the US dollar. You can use Tether to deposit and withdraw funds without having to worry about volatility.

Fees

  • There are no fees for deposits or withdrawals.

  • However, your bank may charge additional transaction fees for bank transfers.

Deposit Bonus

Obo Holding Ltd is currently offering a 10% deposit bonus of up to $2500. This means that you can get a bonus of $100 for every $1000 you deposit. The bonus is tradeable and can be used to increase your margin or open new positions.

Deposit Bonus

Customer Support

Obo Holding Ltd's customer support is described as one of the most extensive and experienced in the industry. There are several ways available for customers to connect with their trusted agents. They can be contacted at their corporate office, which is located at Office # 715, 7th Floor Park Lane Tower Business Bay, Dubai, United Arab Emirates. Additionally, they offer a live chat option for real-time support. They can also be reached via email at info@www.obohfx.com for queries, concerns or general information. For immediate assistance, customers can call their customer support hotline at +44 7563722229.

Customer Support

Educational Resources

Obo Holding Ltd offers a range of educational resources to support its clients' trading activities. These resources are designed to cater to different levels of trading experience, from beginners to experienced traders. Here's a summary of the educational resources offered by Obo Holding Ltd:

Webinars: Obo Holding Ltd regularly hosts webinars conducted by experienced traders and market analysts. These webinars cover a wide range of topics, including technical analysis, fundamental analysis, risk management, and trading strategies.

Seminars: Obo Holding Ltd occasionally organizes seminars that provide in-depth training on specific trading topics. These seminars are typically led by renowned experts in the trading industry.

Trading Guides: Obo Holding Ltd offers a comprehensive library of trading guides that cover a wide range of topics, from the basics of forex trading to advanced trading strategies. These guides are written in a clear and concise manner, making them easy to understand for traders of all levels of experience.

Demo Account: Obo Holding Ltd provides a demo account that allows traders to practice their trading skills without risking any real money. This is an excellent way for beginners to learn the basics of forex trading and develop their trading strategies.

Copy Trading Tool: Obo Holding Ltd offers a copy trading tool that allows traders to automatically copy the trades of experienced traders. This is a great way for beginners to gain exposure to the market and learn from successful traders.

Overall, Obo Holding Ltd offers a valuable range of educational resources that can help traders of all levels improve their trading skills and knowledge.

Conclusion

Obo Holding Ltd is an unregulated broker that offers a variety of trading accounts, including Standard, Professional, and ECN accounts. The company supports popular trading platforms like MetaTrader 5, and provides a demo account so that traders can practice their strategies without risking any real money. Obo Holding Ltd is a good option for traders who are looking for a low-cost broker with a wide range of tradable assets. However, traders should be aware that Obo Holding Ltd is not regulated, which means that their funds may not be safe.

FAQs

Q: Is Obo Holding Ltd regulated?

A: No, Obo Holding Ltd is not regulated by any financial authority. This means that the company is not subject to the same level of oversight and scrutiny as regulated brokers. As a result, there is an increased risk that your funds may not be safe with Obo Holding Ltd.

Q: What are the minimum deposit and maximum leverage requirements for Obo Holding Ltd?

A: The minimum deposit for Obo Holding Ltd is $100. The maximum leverage for Obo Holding Ltd is up to 1:5000.

Q: What are the spreads like for Obo Holding Ltd?

A: The spreads for Obo Holding Ltd start from 1.8 pips.

Q: What trading platforms does Obo Holding Ltd support?

A: Obo Holding Ltd supports MetaTrader 4 and MetaTrader 5.

Q: What are the tradable assets for Obo Holding Ltd?

A: The tradable assets for Obo Holding Ltd include forex pairs, CFDs on global stocks, commodities, and cryptocurrencies.

Q: Does Obo Holding Ltd offer a demo account?

A: Yes, Obo Holding Ltd offers a demo account so that traders can practice their strategies without risking any real money.

Q: What are the customer support options for Obo Holding Ltd?

A: The customer support options for Obo Holding Ltd include Live Chat, Email, and Phone.

Q: What are the deposit and withdrawal methods for Obo Holding Ltd?

A: The deposit and withdrawal methods for Obo Holding Ltd include Bank Transfer, Credit/Debit Card, and E-wallets.

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