OBO Markets Forex Broker

OBO MarketsReview SummaryFounded2024-05-22Registered Country/RegionUnited Arab EmiratesRegulationUnregulatedMarket InstrumentsCDFs/Forex/Indices/Commodities/MetalsDemo Account/LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformMT5(Web/Desktop)Min Deposit$50Customer SupportPhone: +971 0529626257Phone: +971 0559305041Email: support@obmarket.comOBO Markets Information OBO Markets is a newly established forex broker registered in the United Arab Emirates, giving traders access to various trading instruments, such as CDFs, forex, indices, commodities, metals, and more. The broker also provides classic, gold, platinum, elite, and rawaccounts. OBO Markets are still risky due to its unregulated status.Pros and ConsPros Cons MT5 availableUnregulatedVarious tradeable instrumentsNo account and fee informationSpread as low as 0.2 pipsInaccessible official websiteLeverage up to 1:500Commission-freeIs OBO Markets Legit? OBO Markets is not regulated, making it less safe than regulated brokers.What Can I Trade on OBO Markets? Traders can choose different investment directions because the broker provides CDFs, forex, indices, commodities, metals, and more.Tradable Instruments Supported Forex✔Commodities✔CDFs✔Indices✔Metals✔Account Type OBO Markets has five account types with different deposits: classic, gold, platinum, elite, and raw. Traders with a small budget can choose a classic account.Account Type ClassicGoldPlatinumEliteRawDeposit50$ To 1000$1000$ To 3000$3000$ To 10000$10000$ To Above20000$ To AboveLeverage1:5001:5001:5001:5001:500Min. Lots0.010.010.010.010.01No CommissionsYesYesYesYesYesSpreadsFrom 0.2 PipsFrom 0.2 PipsFrom 0.2 PipsFrom 0.2 PipsFrom 0.2 PipsOBO 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 PlatformSupported Available Devices MT5✔Web/DesktopDeposit 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 DetailsPhone +971 0529626257+971 0559305041Email support@obmarket.comOnline Chat ✔Social MediaFacebook/Instagram/YouTubeSupported Language EnglishWebsite Language EnglishPhysical Address Office No. 701, 7th floor AI Jawharah Building, Bank Street Bur Dubai, Dubai U.A.E