Obo fx Pro

Shoofar

1-2 years

What is the spread like at Obo fx Pro?

WikiFX Reply

Obo fx Pro offers forex spreads as low as 0.0 pips for major pairs, such as EUR/USD, which is highly competitive in the market. This is a major advantage for active forex traders like myself who rely on tight spreads to maximize profitability. However, the spreads for other asset classes, such as cryptocurrencies, are much wider, with 24.9 pips for BTC/USD. This could be a disadvantage for cryptocurrency traders, as the higher spread would eat into profits. From my perspective, the low forex spread is an attractive feature, but the wider spread on cryptocurrencies may limit my trading options if I’m focused on digital currencies. The Jetvix reviews suggest that while the forex spread is great, it’s essential to keep an eye on the wider spreads for non-forex assets.

Broker Issues

Obo fx Pro

Fees and Spreads

08-19

United States

Shoofar

1-2 years

How long does it take for Obo fx Pro to process withdrawals?

WikiFX Reply

Obo fx Pro processes withdrawals within one working day, which is great in terms of efficiency. For me, fast withdrawal processing is crucial because it allows me to access my funds in a timely manner. The fact that cryptocurrency withdrawals are instant is also a plus, as it gives me more flexibility and quicker access to my funds when using digital currencies. I’ve had experiences with other brokers where withdrawal times were much longer, so the quick processing time at Obo fx Pro is something I appreciate. However, I would still want to ensure that no additional delays occur, especially for bank transfers, and would recommend confirming with customer support if there are any exceptions.

Broker Issues

Obo fx Pro

Withdrawal

Deposit

08-14

United States

MarceloD

1-2 years

Is Obo fx Pro legit for me to trade with?

WikiFX Reply

In my view, Obo fx Pro is not entirely legit for me to trade with due to its unregulated status. While the platform offers high leverage, tight spreads, and a variety of tradable instruments, the lack of regulation is a significant risk that I cannot overlook. For me, legitimacy in a broker means being regulated by a reputable financial authority, such as the FCA or CySEC. Without proper regulation, I cannot be certain that Obo fx Pro will operate transparently or protect my funds adequately. Jetvix reviews often emphasize the importance of regulation in ensuring the safety and reliability of a broker, and based on my experience, I would prioritize a regulated platform for the protection of my investments. Until Obo fx Pro becomes regulated, I would hesitate to trade with them, especially given the inherent risks involved.

Broker Issues

Obo fx Pro

Regulation

07-30

United States

seejay

1-2 years

What is the minimum deposit required to trade with Obo fx Pro?

WikiFX Reply

The minimum deposit required for the CLASSIC and Standard accounts at Obo fx Pro is $10, which makes it accessible for new traders like myself who want to start with a small investment. This low barrier to entry is a major advantage for beginners, allowing me to explore the platform without committing a large sum of money upfront. However, for the PRO account, the minimum deposit requirement increases significantly to $10,000, which may not be feasible for many traders. From my perspective, while the $10 minimum deposit for the CLASSIC account is attractive, the higher deposit requirement for premium accounts could limit access for less experienced traders who want to start with a smaller investment.

Broker Issues

Obo fx Pro

Withdrawal

Deposit

07-30

United States