OBTFX is a forex and CFD broker that has been suspected as a scam broker. From the company’s website, we understand that besides forex, the company trades in indices, commodities, stocks, crude oil and precious metals and it offers a variety of accounts for trading. the initial account is very high 5,000 dollars. Later on, when we talk about the bonus policy, we will explain why this is important. And also, we want to point out that with legitimately registered forex companies, the initial deposit wouldn’t be so high. The company also offers a limited choice of payment methods credit cards like VISA and MasterCard and wire transfer.
We are going to look at where the company is registered. From the Terms and Conditions document and the “contact us” section we find out that the address of the company is in St. Vincent and the Grenadines. St. Vincent and the Grenadines is an offshore zone where forex companies are not regulated. The address of this company is a sure sign that we are dealing with scammers here.
If you have traded with OBTFX and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed OBTFX review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is OBTFX a scam or legit broker?
OBTFX has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with OBTFX contact them immediately and try to get your fund out. If the OBTFX has done the following, you have probably a victim of OBTFX scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.