Obo fx Pro Forex Broker

Obo fx Pro Review Summary Founded2024-08-19 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForex, Commodities, Stocks, Cryptocurrencies, Stock Indices, and Bonds Demo Account❌ LeverageUp to 1:500 SpreadFrom 0.0 pips (EUR/USD) Trading PlatformMT5 (Windows、iOS、and Android) Min Deposit$100 (the actual minimum for Classic/Standard accounts is $10) Customer SupportEmail: support@obofxpro.com Phone: +44 7521014718 Corporate Office # 715, 7th Floor, Park Lane Tower, Business Bay, Dubai - UAEObo fx Pro Information Obo fx Pro is a trading brand of Obo fx Ltd, belonging to the Obo fx Group. It specializes in providing trading services for financial derivatives such as foreign exchange, stocks, and commodities to global retail and institutional clients. Supporting the MT5 platforms, it highlights low spreads, high leverage, and social trading features. Obo fx Pro is suitable for traders seeking low spreads and high leverage, especially those engaged in high-frequency trading and social trading.Pros and Cons Pros Cons Spreads as low as 0.0 pipsUnregulated Zero commission accounts$10,000 minimum deposit (for PRO account) Leverage up to 1:500 (for forex)Higher cryptocurrency spreads (24.9 pips for BTCUSD) Copy Trading Islamic accountIs Obo fx Pro Legit? It should be noted that Obo fx Pro is unregulated, despite its claim of being supervised by the Seychelles FSA (with its regulatory number undisclosed). Traders are advised to prioritize regulated brokers for their investments.What Can I Trade on Obo fx Pro? The platform covers 7 major asset classes and over 180 trading instruments, including 60+ currency pairs, 15+ stock indices, commodities, cryptocurrencies, bonds, and stocks. Tradable Instruments Supported Forex✔ Commodities✔ Stocks✔ Cryptocurrencies✔ Stock Indices✔ Bonds✔ ETFs❌ Mutual Funds❌Account Type Account TypeCLASSICStandardECN PRO Minimum Deposit$10$10$300$10000 Spreads From1.8 pips2.8 pips0.2 pips0.01 Max Leverage1:5001:5001:5001:500 Min Lots0.010.011:300$5/Lot Commissions00$7/Lot2 per side per 100,000 traded All Strategies Allowed✔✔✔✔ Swap-free Islamic Account Option✔✔✔✔Obo fx Pro Fees Obo fx Pro offers spreads as low as 0.0 pips for major forex pairs (e.g., AUDUSD), while cryptocurrencies have higher spreads (e.g., 24.9 pips for BTCUSD). In terms of commissions, the ECN account charges $7 per lot, and the PRO account levies a 0.002% fee (one-way) based on the transaction volume. Swap fees are applied for overnight positions, with triple charges on Wednesdays (e.g., a long XAUUSD position incurs a swap fee of -$32.62 per lot).Leverage Asset ClassLeverage RangeExample/Note Foreign Exchange1:1 – 1:500Margin of 0.2% for most currency pairs Stock Indices1:1 – 1:100For example, DE40 with a margin of 1% Cryptocurrencies1:200for major coins (BTCUSD) 1:20for altcoins altcoin (9ADAUSD)Trading Platform Obo fx Pro conducts trades through the popular MT5 platform, which supports multiple devices (Windows, iOS, Android), making it suitable for technical analysis-oriented traders. It also allows direct trading via a web-based platform without the need for downloads, supporting cross-device synchronization and catering to mobile office scenarios. Trading PlatformSupported Available Devices Suitable for MT5✔Windows、iOS、and AndroidTechnical analysis-oriented tradersDeposit and Withdrawal The minimum deposit for Obo fx Pro starts at $100 (the actual minimum for Classic/Standard accounts is $10, which may conflict with the page and needs confirmation), and the minimum withdrawal is $25. Obo fx Pro supports deposit methods such as bank transfer, cryptocurrencies (e.g., USDT), credit cards (VISA/Mastercard), and e-wallets (Skrill/Neteller). Cryptocurrency deposits are instant, bank transfers are processed within ≤1 working day, and all withdrawals are handled within ≤1 working day. Only USD, EUR, GBP, and ZAR are supported, with automatic conversion for other currencies.