OBRinvest Review: One of the Best Forex Brokers
OBRinvest is a Cyprus-based forex broker with a few downsides and a few unique advantages. Despite the fact that it appears to be a regulated company, as part of our OBRinvest probe, we will investigate its authenticity.
The Cyprus Securities and Exchange Commission is the regulatory body that has approved and regulated the products and services of OBRinvest forex brokers.
The trading products provided on the platform include ETFs, CFDs, Futures, Commodities, Metals, Energies, and Forex. The INGOT Brokers MT4 platforms are available. This Broker offers a fantastic trading experience, with over a thousand trading instruments and eight asset classes to choose from. The leverage starts at 1:400 and the spreads start at 1.2.
- Adapts to a wide range of trading strategies.
- There is no central exchange or governing body.
- Volatility is a Trader's Best Friend.
- There are many different trading pairs to choose from.
- The amount of capital required is small.
- The term "ease of entry" refers to how simple it is to get onto a website.
- The Process of Setting Prices Is Difficult
- High Intensity
- Monthly fees for inactivity and withdrawal expenses are assessed.
- Only services inside the European Economic Area are available.
- The firm's services are not available in Belgium or Switzerland.
OBRinvest overall scores
In this review, you can find all the information you need to decide whether OBRinvest is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how OBRinvest scored in each of our high-priority categories.
Fees and commissions
In exchange for the continued availability of your Trading Account, the Company reserves the right to assess a monthly inactivity fee if there are no transactions, especially deposits, withdrawals, or any other form of trading activity on your Trading Account for at least one month. Go to the Legal area of our website and look for the General Fees document for further details. On the site, there are no deposit fees.
Safety is an important aspect of any well-respected brokerage firm, as it is much to do with the overall experience when it comes to trading with a broker has qualifications, its a must and one should always look for firms that have the high capacity for security.
Opening an account
Opening an account on the OBRinvest site is very easy, for some traders it’s such a consuming process and a real drag but the firm has a very simple procedure regarding the creation of a trading account. With four simple steps, anyone is ready to start using any of the four available account types on the site.
- First, go to the dashboard.
- From the drop-down menu, choose “trading accounts.”
- Then, from the drop-down option, choose an Open trading account.
- With just three simple clicks, you may start trading with this forex broker.
The structure of the firm’s trading accounts is a mash-up of industry standards. OBRinvest offers four different categories of accounts: Basic, Gold, Platinum, and VIP.
The account categorization makes perfect sense. The firm has a very minimalistic approach when it comes to the structure of its products and services. Isn’t it true that Platinum and VIP are the same things? We all know in this sector, those two terms have a strong affinity for one another which is such an advantage that the firm has over its competitors.
The discrepancies between these four accounts are minor but effective. The expensive options appear to have the features to justify their cost. We see more and more specific features and services that can be provided to the trader as we go through the broker’s website.
Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis, and Web TV are all available to all accounts. We find it appealing that these features are the same for all account types, but after conducting some investigation on the broker, it’s evident that this is a step towards more inclusion regarding the consumers of the firm. Each account has relatively few, unique characteristics. The benefit is that each account receives a free withdrawal once a month.
It’s becoming increasingly tough to distinguish between a legitimate and a fake trading organization. The company’s trading platforms are among the best in the business.
MetaTrader4 and WebTrader are the two trading platforms offered by Invest Markets to their customers. However, it appears that they are simply advertising MT4 and there is no evidence that they are also offering OBRinvest WebTrader. It’s addressed briefly in their FAQ part of the site under queries concerning platforms. On the site, they offer a custom-based software that appears like Webtrader but is most likely an automated trading tool.
Markets and products
Cryptocurrency trading has gained a lot of traction in the market. Cryptocurrencies are used by millions of people for trade, and the number of cryptos is growing by the minute. Hundreds of cryptocurrencies are available at ABInvesting, including the most popular ones like Bitcoin, Ethereum, and others.
You can also trade thousands of CFDs on global indexes with the broker. Indices are a collection of stocks that can be traded together. It measures the efficiency of a given economic sector and may be traded using CFDs at ABInvesting. The assets’ OBRinvest ratings are live on their website’s homepage.
Commodities are an essential component of the firm’s assets. OBRinvest now allows you to trade hundreds of different commodities. Soft and hard commodities are also accessible.
One of the most important aspects of trading is leverage. It allows traders with minimal resources to open huge positions and profit significantly. It may even be described as a two-edged sword. This implies that the dangers are substantially increased. In other words, if you lose money, you will be responsible for the loss of your capital as well as the amount leveraged by the broker plus interest.
The spreads on the site are in a fluid location, which means they change all the time. The spreads for the Basic account are now as low as 3.2 PIPS for the EUR/USD pair.
The spreads for Gold accounts begin at a little lower level, but the difference is essentially insignificant in any manner. The spreads for this account type begin at 2.9 PIPS for the EUR/USD currency pair for this account type.
When we look at the spreads for each currency pair for the Premium account type, we see the same rationale. Again, there isn’t much of a difference in the quantities. The spreads for an account aimed at high-end customers start at 2.3 PIPS for the EUR/USD currency pair.
As a VIP customer, one would expect to receive several benefits and big discounts. However, this is not the case with the OBRinvest VIP account type in terms of a variety of factors, including the spread amount. On the VIP account, the lowest spread that may be started is 1.8 pips, which is absurd. For the EUR/USD pair, the spread starts at 1.8 PIPS.
Education and Training
They have a strong social media presence, which is critical for information exchange. They’ve actually used these media outlets to promote their sweepstakes. In terms of instructional tools, there are numerous video guides accessible where one may get excellent guidance and brush up on a variety of trade-related topics. There are many blogs created on the site for your leisure if you like written stuff.
24/7 Customer support
Customer service has grown increasingly important as a result of technological advancements. Consumers are aware of the advantages that technology and internet connection provided. If a forex broker fails to employ them, the traders will leave.
There are a variety of ways to get in touch with the company. OBRinvest has a multilingual standby customer support system that is available 24 hours a day, five days a week. Forex trading businesses may use live chat to provide info to all of their worldwide consumers. Many businesses value the opportunity to give chat service to consumers all around the world.
- Each consumer receives a unique experience
- It takes less time than typing or exchanging emails
- For different generations, it is simple to use
- The human-to-human connection that is more natural
- Emails take more time to get a response
- Customer support’s primary language of choice is English
Overall, This Brokers provides over a thousand trading products across eight asset classes. You should consider INGOT brokers since their spread bid is quite low in comparison to other brokers.
This broker has years of expertise and offers its traders a wide range of trading options. They provide clients with the greatest trading platforms, especially MT4, which allow them to access a wide range of trading tools that are quite useful in terms of multifunctionality. The instructional resources on the site are highly interesting and a fantastic way to brush up on or acquire new Forex trading abilities.