OBFX Forex Broker

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.comOBFX 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.Pros and Cons ProsCons 24/5 live chat supportLack of regulation Demo accountsUnavailable website Tight spreadsLimited trading asset classes MT5 supportedIs OBFX Legit? 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.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.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, EnglandThe 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.