OBRinvest Review – what is up with this broker?
Contact Info
- Website: www.obrinvest.com
- Office address:
- 12 Archiepiskopou Makariou Avenue III
- Limassol
- Cyprus
OBRinvest is a forex broker situated in Cyprus with a few drawbacks and a few distinctive advantages. Even though it looks to be a regulated company, we’ll be looking into its legitimacy as part of our OBRinvest investigation.
The Cyprus Securities and Exchange Commission is the regulatory agency that has approved and regulated OBRinvest forex broker’s products and services. The Cyprus Investment Firm also regulates the broker. OBRinvest’s CIF license number is 217/13.
Overall, this forex broker is licensed by CySEC and CIF. OBRinvest is a Cyprus-based company with two domestic licenses but none international. The fact that the company delivers services to the majority of Europe.
There are only a few minor distinctions between the available four accounts. More expensive options appear to have the features to justify their cost. We see more words describing specific features or services that can be provided to the trader. It’s always a good sign when a broker’s basic and VIP accounts offer the same services. This is a list of the common characteristics that are the same across all accounts.
- Market Buzz
- Analyst Views
- Featured Ideas
- Economic Insight
- Daily Market Analysis
- Web TV
Fees and commissions
If there are no transactions, specifically deposits, withdrawals, or any other kind of trading activity on your Trading Account for at least one month, the Company reserves the right to levy a monthly inactivity fee in exchange for the ongoing availability of your Trading Account. For further information, go to our website’s Legal section and look up the General Fees document.
There are no deposit fees on the site.
Safety
OBRinvest is regulated, which means they do not hold any licenses. When it comes to forex broker organizations, however, any seasoned trader knows that qualifications aren’t the sole indicators of credibility. The broker’s accounts have exceptional security. A two-factor authentication system is used. It can be configured to offer an extra degree of security to your trading account. If you agree, your authenticator app will generate a unique code that you will need to access your account. All you have to do now is follow the directions that we’ll give you.
- Select “Account Details” from the drop-down menu.
- Under the Two Factor Authentication section of the Forex brokerage’s “Account Details” tab, click the Enable button.
- Download and open the Google Authenticator app on your phone to get the code, then click to Begin setup, then Scan barcode.
- Go to your browser and click Next after scanning the barcode displayed in your browser with your phone. You’ll be asked to input the code that displays as an authenticator on your phone.
Opening an account
You must first register on the site before you can open a trading account. After you’ve completed the signup procedure and deposited your funds into your account, you may start an MT4 trading account by following these simple steps.
- Go to the dashboard first.
- Select “trading accounts” from the drop-down menu.
- Then select Open trading account from the drop-down menu.
- You are now ready to begin trading with this forex broker with just three simple clicks.
Account types
The broker’s website is designed with two categories of customers in mind: retail and professional. The main distinction is in the limitations that these users face. Professional clients can choose from a wider range of options. For example, the leverage ratios that each client class is allowed to use are vastly varied. This will undoubtedly be discussed in the following section of this review. When it comes to account types, both retail and professional clients have four options to pick from, but there are few to no differences between them. The account types that are offered include Basic, Gold, Premium, and VIP.
Trading Platforms
Customers of OBRinvest have access to two trading platforms: MetaTrader4 and WebTrader. However, it looks like they are only promoting MT4 and not offering OBRinvest WebTrader. It’s barely noted in their FAQ section under platform-related questions. They also have Webtrader, however, it’s most likely just a website-based automated trading tool.
Markets and products
CFDs are accessible on cryptocurrencies, equities, commodities, and currency pairs, among other asset classes. However, on their CFD area of the site, they simply provide more information about cryptocurrencies and Forex trading. OBRinvest’s views are broad but also clear. Hundreds of fundamental assets, including major currency pairs, minor currencies, cryptocurrencies, stocks, and market indexes, are available for trading.
Trading Tools
The most important tools for a trader are leverage and spreads. The spreads on the website are in a constantly changing position. There are no extra features to profit from for account types with such large minimum deposit requirements. The EUR/USD currency pair has the lowest spread amount we could discover on the site, which starts at 1.8 pips. It refers to the VIP account, which is the most exclusive and expansive of all the broker accounts. The spreads on a VIP account should be half as much. The Basic account has the biggest spread on the site, which starts at 3.5 pips and is not a significant deal for the customer. The Gold and Premium accounts are almost identical.
When you trade CFDs as a professional client, you can get up to 1:400 leverage on your investments. If you use the site as a retail customer, your maximum leverage will be up to 1:30.
The maximum leverage ratio that retail and professional clients can use is different. This is quite clear and following the requirements of the organizations that oversee the OBRinvest Forex broker’s activities and goods.
Professional clients can use any account provided on the site, with a maximum leverage ratio of 1:400. The same cannot be said for retail customers, as they can only utilize a leverage ratio of up to 1:30.
Education and training
Courses, tutorials, trading signals, economic and reporting calendars, news updates, and many other tools are available to help you develop a better understanding of Forex trading. Everyone has easy access to everything.
The company is investing extensively in educational incentives, which is why there are no promotions. They would rather put money towards educational incentives. Which can be helpful to both traders and investors in the long run. The information on the website can help you comprehend the fundamental principles and terminologies of Forex trading.
It also underlines the significance of independence. You can assess all of your potential dangers and have an optimal trading career if you have the right expertise.
Forex is a high-risk market, therefore if you don’t have a thorough understanding of the sector, you won’t be able to give it your all, and you’ll most likely lose money within your first week of trading. To be successful in this field, one must have patience and perseverance. OBRinvest is, in a sense, attempting to produce this information on their website.
OBRinvest Customer support
Another distinguishing element of the Brokerage is its unique customer service strategy. The support staff is quite diverse and knowledgeable. They are available to assist you in any of the eleven languages in which the brokerage provides services.
On all of their platforms, the support crew is available 24 hours a day, 7 days a week to assist you with any issue. You can reach out to OBRinvest in a variety of ways and numerous languages.
One can use the helpful Live Chat option, which also serves as a FAQ, where one can discover answers to the most often asked questions.
So, if you have a general query, it may be already been answered in the FAQ part of the company. Writing a lovely email is a classic and highly powerful method to get your message across to anyone. It’s a little old-fashioned, but it’s a classic and very successful way to get your idea across to anyone. You will receive a response from the support team within one business day.
If you prefer to keep things more personal and prefer to talk, call the customer service hotline.
With just a few clicks, you can access the OBRinvest FX brokerage management. Here’s a step-by-step guide on how to do it.
- Go to the site’s “Contact Us” area.
- Then select “Contact Management” from the drop-down menu.
- Fill in the blanks on the template with whatever is on your mind.
Overview
activities and plans are based on a set of precise principles that outline their approach to present and prospective partners and clients. These are the ideals of fairness, growth, and long-term development. Clients are given priority. This is why the site’s pages are so immersive and, as a result, incredibly participatory. When it comes to demonstrating marketplace operations, the site’s visual stimuli are effective. Generally, there are many pros to the brokerage firm.
Pros
- Adapts to a variety of trading styles.
- There is no central exchange or regulatory authority.
- Volatility is a Friend to Traders.
- A wide range of trading pairs is available.
- Capital Requirements are minimal.
- Ease of Entry is a term used to describe how simple it is to enter the site
- The Price Determination Process Is Complicated
- High Leverage
Cons
- Inactivity fees and withdrawal costs are charged every month.
- Services are only available in the European Economic Area
- Belgium and Switzerland don’t have access to the services of the firm.
Safety
Safety is a priority for ant traders and is one of the most important aspects of a Forex brokerage firm. OBRinvest has great security in place for its consumers, it’s one of the most prolific aspects of the firm we have described in this review. Here is a list of pros and cons that can be improved for the future.
Pros
- Two-factor authentication process
- Money safeguard
- Newest SSL encryption
- Easily transfer funds from your account to begin purchasing investment instruments.
- A broad network of no-fee ATMs is available to you.
- Access to online research tools, such as trading software and fund research
- Banking services with lower fees, such as account minimums and overdrafts
Cons
- Depending on the investments and market conditions, any cash invested may lose value.
- For planning services, financial advisors may charge a fee.
- Normally, lending items such as car loans and mortgages are not offered.
Customer Support
Customer support services are an important part of any company. With the fast paste of the Forex industry, this is more evident for traders. They need to have access to quality services. OBRinvest has its advantages and disadvantages that can be improved for the future.
Pros
- Quickly solve complicated issues
- A telephone is available to almost everyone.
- Assessing a customer’s emotions is a lot easier now.
- It’s easier and quicker to present a tough subject this way.
- Some clients prefer direct contact.
Cons
- It takes longer to read and write emails than it does to have a phone call.
- Complex issues will require many emails to resolve, increasing the amount of time spent on a single consumer.
- It can be impractical to expect foreign clients to receive the same level of service as local clients.
Competitive spreads and leverage