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OBV Markets

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://obvmarkets.com/

Website

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Contact

info@obvmarkets.com
https://obvmarkets.com/
First Floor, First St. Vincent Bank Ltd. Building James Street / Kingstown

Licenses

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

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Company Name

OBV Markets

Abbreviation

OBV Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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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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OBV Markets · WikiFX Survey

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OBV Markets · Company Summary

Aspect Information
Company Name OBV Markets
Registered Country/Area Saint Vincent and the Grenadines
Founded year 2017
Regulation Unregulated
Minimum Deposit $250
Maximum Leverage 1:400
Spreads Floating from 0.5 pips
Trading Platforms MetaTrader 4, MetaTrader 5
Tradable assets Forex, CFDs on stocks, indices, commodities, and cryptocurrencies
Account Types Standard, ECN
Demo Account Yes
Customer Support 24/5 live chat and email
Deposit & Withdrawal Credit/debit cards, wire transfers, e-wallets
Educational Resources Trading guides, webinars, videos

Overview of OBV Markets

OBV Markets is a forex and CFD broker founded in 2017. The broker offers a minimum deposit of $250 and maximum leverage of 1:400. Spreads start from 0.5 pips and the broker offers two trading platforms: MetaTrader 4 and MetaTrader 5. OBV Markets offers a wide range of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The broker offers two account types: Standard and ECN. A demo account is available for traders who want to practice trading without risking real money. OBV Markets provides 24/5 customer support via live chat, email, and phone. The broker also offers a variety of educational resources, including trading guides, webinars, and videos.

Overview of OBV Markets

Pros and Cons

Pros Cons
Wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies Not regulated by any financial regulator
Competitive spreads and commissions No access to dispute resolution mechanisms
Two powerful trading platforms: MetaTrader 4 and MetaTrader 5 Traders' funds are not protected
24/5 customer support via live chat and email Limited educational resources
Variety of educational resources, including trading guides, webinars, and videos

Pros:

  • Wide range of trading products: OBV Markets offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. This means that traders can choose from a variety of assets to trade, depending on their risk tolerance and trading style.

  • Competitive spreads and commissions: OBV Markets offers competitive spreads and commissions for its trading products. This means that traders can keep more of their profits.

  • Two powerful trading platforms: OBV Markets offers two powerful trading platforms: MetaTrader 4 and MetaTrader 5. These platforms are both user-friendly and offer a wide range of features, including technical analysis tools, automated trading, and backtesting.

  • 24/5 customer support: OBV Markets offers 24/5 customer support via live chat and email. This means that traders can get help whenever they need it.

  • Variety of educational resources: OBV Markets offers a variety of educational resources, including trading guides, webinars, and videos. These resources can help traders improve their trading skills and learn about new trading strategies.

Cons:

  • Not regulated by any financial regulator: OBV Markets is not regulated by any financial regulator. This means that there is no government oversight of the broker's activities and that traders' funds are not protected.

  • No access to dispute resolution mechanisms: If traders have a dispute with OBV Markets, they will not have access to any formal dispute resolution mechanisms. This means that traders will have to rely on brokers to resolve the dispute in a fair and reasonable manner.

  • Traders' funds are not protected: OBV Markets do not offer any deposit protection for traders' funds. This means that traders' funds could be lost if the broker goes bankrupt or decides to defraud its clients.

  • Limited educational resources: While OBV Markets does offer a variety of educational resources, these resources are not as comprehensive as those offered by some other brokers. This means that traders may need to seek out additional educational resources if they want to improve their trading skills.

Regulatory Status

OBV Markets is a forex and CFD broker founded in 2017. The broker is registered in Saint Vincent and the Grenadines, but it is not regulated by any financial regulator. This means that there is no government oversight of the broker's activities and that traders' funds are not protected.

OBV Markets claims to be committed to fair and transparent trading practices. However, without regulatory oversight, there is no guarantee that the broker will adhere to these principles. Traders should be aware of the risks involved in trading with an unregulated broker.

Market Instruments

OBV Markets offers a variety of trading products, including:

  • Forex: Major, minor, and exotic currency pairs

  • CFDs on stocks: Stocks from major global exchanges

  • CFDs on indices: Major global stock indices

  • CFDs on commodities: Precious metals, energy products, and agricultural products

  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies

Account Types

OBV Markets offers two main account types:

  • Standard account: This is the broker's basic account type, which offers floating spreads and maximum leverage of 1:400.

  • ECN account: This account type offers direct market access (DMA), which means that traders can trade at the best available prices. ECN accounts also have lower minimum deposit requirements and higher maximum leverage limits.

Account Type 24/7 Live video chat support Withdrawals Demo account Copy Trading tool Bonus Other features
Standard Yes Yes Yes No No Access to a variety of educational resources
ECN Yes Yes Yes Yes No Tighter spreads and faster execution

How to Open an Account?

To open an account with OBV Markets, follow these steps:

  1. Visit the OBV Markets website and click on the “Open Account” button.

  2. Enter your email address, password, and country of residence.

  3. Click on the “Create Account” button.

  4. You will receive an email from OBV Markets with a verification link.

  5. Click on the verification link to complete your registration.

  6. Log in to your OBV Markets account and complete your profile by providing your personal information.

  7. Verify your identity by uploading copies of your ID and proof of address.

  8. Choose your account type (Standard or ECN).

  9. Fund your account using one of the supported payment methods (credit/debit cards, wire transfers, e-wallets).

  10. Once your account is funded, you can start tr

Spreads & Commissions

OBV Markets offers competitive spreads and commissions for its forex and CFD trading products. Spreads are the difference between the ask (buy) price and the bid (sell) price of an asset. Commissions are fees that are charged by the broker for each trade.

Spreads

OBV Markets offers floating spreads, which means that the spread can vary depending on market conditions. However, the broker's spreads are typically very tight, starting from 0.5 pips for forex pairs and 0.8 pips for CFDs.

Commissions

OBV Markets does not charge commissions for forex trading. However, the broker does charge a commission of $7 per standard lot per round turn for CFDs.

Here is a table of the typical spreads and commissions for OBV Markets:

Asset Class Spread Commission
Forex Floating from 0.5 pips No commission
CFDs on stocks Floating from 0.8 pips $7 per standard lot per round turn
CFDs on indices Floating from 1 pip $7 per standard lot per round turn
CFDs on commodities Floating from 1 pip $7 per standard lot per round turn
CFDs on cryptocurrencies Floating from 5 pips $7 per standard lot per round turn

Please note that these are just typical spreads and commissions. The actual spreads and commissions that you are charged may vary depending on market conditions.

Leverage

The maximum leverage offered by OBV Markets is 1:400. This means that traders can control a trading position that is 400 times larger than their initial deposit. For example, a trader with a $1,000 account could control a trading position of up to $400,000. Leverage can magnify both profits and losses, so it is important to use it responsibly. Traders should only use leverage that is appropriate for their risk tolerance and trading experience.

Here is a table of the maximum leverage offered by OBV Markets for different asset classes:

Asset Class Maximum Leverage
Forex 1:400
CFDs on stocks 1:200
CFDs on indices 1:50
CFDs on commodities 1:200
CFDs on cryptocurrencies 1:50

Trading Platform

OBV Markets offers two trading platforms: MetaTrader 4 and MetaTrader 5.

MetaTrader 4

MetaTrader 4 (MT4) is the most popular forex trading platform in the world. It is a user-friendly platform that is easy to learn and use. MT4 offers a wide range of features, including:

  • Technical analysis tools: MT4 includes a variety of technical analysis tools that traders can use to identify trading opportunities.

  • Automated trading: MT4 supports automated trading through the use of Expert Advisors (EAs). EAs are automated trading programs that can be used to execute trades automatically.

  • Backtesting: MT4 allows traders to backtest their trading strategies using historical data. Backtesting can help traders to determine the effectiveness of their trading strategies.

MetaTrader 5

MetaTrader 5 (MT5) is the successor to MT4. It is a more advanced platform than MT4 and offers a number of additional features, including:

  • Market depth: MT5 provides market depth information, which shows the number of orders at different price levels.

  • Time and sales data: MT5 provides time and sales data, which shows the execution of trades in real time.

  • Multi-currency support: MT5 supports a wider range of currencies than MT4.

Trading Platform

Deposit & Withdrawal

Payment Methods

OBV Markets offers a variety of convenient payment methods for depositing and withdrawing funds from your trading account. These methods include:

  • Credit/debit cards: OBV Markets accepts major credit/debit cards, including Visa, MasterCard, and Maestro.

  • Wire transfers: Wire transfers are a secure and reliable way to deposit and withdraw large amounts of money.

  • E-wallets: OBV Markets supports a variety of e-wallets, including Skrill, Neteller, and PayPal.

Deposit Fees

OBV Markets does not charge any fees for deposits made using credit/debit cards or e-wallets. There is a small fee of $30 for deposits made using wire transfers.

Withdrawal Fees

OBV Markets does not charge any fees for withdrawals made to e-wallets. There is a withdrawal fee of $30 for withdrawals made to credit/debit cards or wire transfers.

Minimum Deposit

The minimum deposit for OBV Markets is $250.

Processing Times

Deposits are typically processed within 24 hours. Withdrawals are typically processed within 3-5 business days.

Here is a table summarizing the payment methods, fees, and processing times for OBV Markets:

Payment Method Deposit Fee Withdrawal Fee Processing Time
Credit/debit cards $0 $30 24 hours
Wire transfers $30 $30 3-5 business days
E-wallets $0 $0 24 hours

Customer Support

OBV Markets offers 24/5 customer support via live chat, email, and phone. The broker's customer support team is responsive and knowledgeable.

Here are the contact details for OBV Markets customer support:

  • Live chat: Available 24/5

  • Email: info@obvmarkets.com

OBV Markets also offers a variety of educational resources, including trading guides, webinars, and videos. These resources can help traders improve their trading skills and learn about new trading strategies.

Overall, OBV Markets provides responsive and knowledgeable customer support.

Customer Support

Educational Resources

OBV Markets offers a variety of educational resources to help traders learn about the financial markets and improve their trading skills. These resources include:

  • Trading guides: OBV Markets offers a variety of trading guides that cover a wide range of topics, including forex trading, CFD trading, and risk management.

  • Webinars: OBV Markets hosts regular webinars that are led by experienced traders. These webinars cover a variety of topics, including technical analysis, fundamental analysis, and trading psychology.

  • Videos: OBV Markets offers a variety of trading videos that cover a wide range of topics. These videos are a great way to learn about different trading strategies and how to use the MetaTrader 4 and MetaTrader 5 trading platforms.

These educational resources are available to all OBV Markets clients. Traders can access these resources on the broker's website or through the OBV Markets trading platform.

Educational Resources

Conclusion

OBV Markets is an unregulated forex and CFD broker that offers a wide range of trading products, competitive spreads and commissions, two powerful trading platforms, 24/5 customer support, and a variety of educational resources. However, the broker is not regulated by any financial regulator and does not offer any deposit protection for traders' funds. Additionally, traders with a dispute with the broker will not have access to any formal dispute resolution mechanisms.

FAQs

Q: Is OBV Markets regulated?

A: No, OBV Markets are not regulated by any financial regulator. This means that there is no government oversight of the broker's activities and that traders' funds are not protected.

Q: What is the minimum deposit for OBV Markets?

A: The minimum deposit for OBV Markets is $250.

Q: What are the spreads and commissions for OBV Markets?

A: OBV Markets offers competitive spreads and commissions for its trading products. Spreads start from 0.5 pips for forex pairs and 0.8 pips for CFDs. The broker does not charge commissions for forex trading. However, the broker does charge a commission of $7 per standard lot per round turn for CFDs.

Q: What trading platforms does OBV Markets offer?

A: OBV Markets offers two trading platforms: MetaTrader 4 and MetaTrader 5.

Q: What customer support does OBV Markets offer?

A: OBV Markets offers 24/5 customer support via live chat, email, and phone.

Q: Is OBV Markets a good broker for beginners?

A: OBV Markets can be a good broker for beginners because it offers a low minimum deposit, competitive spreads, and two user-friendly trading platforms. However, beginners should be aware of the risks of trading with an unregulated broker.

News

WikiFX Broker Assessment Series | OBV Markets: Is It Trustworthy?

ExposureWikiFX Broker Assessment Series | OBV Markets: Is It Trustworthy?

2024-01-17 18:14

The article highlights concerns about OBV Markets, a brokerage firm based in Saint Lucia, emphasizing the lack of regulatory oversight, transparency issues, and potential risks for investors due to the broker's deficiencies and unregulated status.

WikiFX
2024-01-17 18:14
Exposure
WikiFX Broker Assessment Series | OBV Markets: Is It Trustworthy?
Is OBV Markets a Safe Investment or a Fraud?

ExposureIs OBV Markets a Safe Investment or a Fraud?

2024-01-16 17:22

Is OBV Markets Safe or a Fraud? Explore its regulatory status, location, and trading platforms. Make informed investment choices. Learn more here.

WikiFX
2024-01-16 17:22
Exposure
Is OBV Markets a Safe Investment or a Fraud?

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