Broker ceased to exist
On-line since: About company: OBRFX INC is a STP broker executing deals based on standards of European companies. Liquidity providers of OBR Forex include global banks and prime brokers such as Bank of America, J.P. Morgan, HSBC, City Bank, Credit Suisse, Barclays, UBS and others. About company. Security of funds The broker belongs to OBRFX INC. The international company is registered in Kingstown, Saint Vincent and the Grenadines under No. 23394. The broker is regulated by the International Financial Services Authority of St. Vincent and the Grenadines. This is the only regulatory body to supervise Forex brokers in St. Vincent and the Grenadines. Companies are being audited every year. The regulator also takes part in resolving conflicts and disagreements between clients and companies. In case a broker is unscrupulous, the regulator can fine it or even revoke its license. Nevertheless, St. Vincent and the Grenadines is a popular offshore jurisdiction among Forex brokers due to its favorable tax regime and minimum requirements for a company’s registration. Therefore, if you are considering investing a large amount of money, we recommend that you check out other dealing centers in our ranking that have tighter regulation. Trading conditions The broker offers two account types. Regular account provides a trader with access to the interbank market with minimum deposit and fine quality of trading. Premium account offers a possibility to trade with market spreads and swaps for reasonable commission. Accounts can be opened in USD or EUR. The minimum deposit starts from $0 for Regular account and from $30,000 for Premium account. Both account types offer over 100 trading instruments including forex and commodities, the stop out of 60% and the leverage of 1:100. For Regular account, spreads start from 0.3 pips for the EUR/USD pair, with the owners of this account type paying no commission. Premium account offers market spreads with a 17 USD commission for turnover of $1million. For the complete transaction, the broker doubles the commission (position opening/closing) at the moment of a deal opening. Trading platform Clients are offered MetaTrader 4 platform, which has functions of automated trading (advisors, robots), deals’ copying based on trading signals’ following. All transactions are implemented via the STP technology with the broker being unable to interfere with automatic transaction processing. The company is a no dealing desk broker. Traders can also use FIX API which provides quick access to trades bypassing brokers’ servers. Supplementary service The broker gives money to traders for their trading turnover. The the cash back amount directly depends on the volume of turnover. The funds’ accrual takes place once a month and is done for every trading account by individual conditions. Another opportunity of extra earnings is the broker’s affiliate program, which allows traders to get a profit percentage from every attracted client. Payments are calculated by the following formula: trading turnover/1,000,000 х 20. Moreover, the website contains macro statistics. Support service The FAQ section provides a deep insight into how to use the client area, what are the basics of trading and details of trading conditions. If clients have questions left, they can contact the broker’s support service by phone. It is also available by email. Payment options The following payment options are available for the company’s clients: Visa/Master Card, e-wallets (Skrill, Moneta.ru, QIWI, Yandex.Money, etc), and wire transfer. Advantages:
Disadvantages:
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