Obrcrypto is a relatively new trading platform aimed at offering trading services for various financial products, including stocks, cryptocurrencies, commodities, indices, forex, and metals. Although the platform claims to be operated by OBT WEALTH SERVICES PTY LTD and regulated by the Australian Securities and Investments Commission (ASIC), a detailed investigation reveals doubts about its regulatory information. Therefore, investors should exercise extreme caution when considering trading with Obrcrypto.
Background of Obrcrypto:
The official website of Obrcrypto is https://obrcrypto.com, with the domain registration date being March 25, 2024. The address provided by the company is: 539 Yardley Green Rd, Birmingham B33 8TH, United Kingdom. The platform claims to be operated by OBT WEALTH SERVICES PTY LTD, offering trading services in forex, stock indices, precious metals, and cryptocurrencies. However, there is no registration information found for this company in the UK. Consequently, investors should be cautious and further verify the platform's legitimacy and reliability before engaging in any trading activities.
Regulatory Information of Obrcrypto:
The platform claims to be operated by OBT WEALTH SERVICES PTY LTD and regulated by the Australian Securities and Investments Commission (ASIC), with license number 543251. While there is a corresponding company name found in the ASIC search, its authorized business scope does not include forex trading. Additionally, verification through the Australian Financial Complaints Authority (AFCA) using the registration email damonz@obtfinancialgroup.com.au shows that its official website is https://obtfinancialgroup.com.au, which does not match the Obrcrypto platform's information. Therefore, it is apparent that the platform is falsely using regulatory information. Investors should approach this platform with caution and refrain from depositing funds here.
Account Registration Process of Obrcrypto:
- Visit the Obrcrypto official website and click the register button
- Fill out the application form
- Submit identity verification documents
- Make a deposit and start trading
Account Types of Obrcrypto:
Basic Account
- Minimum Deposit: $250
- Daily Market Updates
- Leverage: 1:20
- Profit Sharing: 0%
- Trading Funds: 0%
Bronze Account
- Minimum Deposit: $10,000
- Daily Market Updates
- Leverage: 1:50
- Profit Sharing: 40%
- Trading Funds: 20%
Silver Account
- Minimum Deposit: $25,000
- Daily Market Updates
- Leverage: 1:100
- Profit Sharing: 35%
- Trading Funds: 15%
Gold Account
- Minimum Deposit: $50,000
- Daily Market Updates
- Leverage: 1:200
- Profit Sharing: 30%
- Trading Funds: 12%
Platinum Account
- Leverage: 1:300
- Profit Sharing: 25%
- Trading Funds: 10%
- Personal Account Manager
- 5 Advanced Courses
- Professional Algorithmic Trading
- Expert Portfolio Management
- 50% Broker Insurance
Diamond Account
- Leverage: 1:400
- Profit Sharing: 20%
- Trading Funds: 8%
- 50% Broker Insurance
VIP Account
- Leverage: 1:500
- Profit Sharing: 15%
- Trading Funds: 6%
- Personal Account Manager
- Personal Risk Analyst
- VIP Algorithmic Trading Package
- VIP Portfolio Management
- 90% Broker Insurance
Elite Account
- Leverage: 1:1000
- Profit Sharing: 10%
- Trading Funds: 4%
- Personal Account Manager
- Personal Risk Analyst
- VIP Algorithmic Trading Package
- VIP Portfolio Management
- 90% Broker Insurance
Trading Software of Obrcrypto:
Obrcrypto has not yet disclosed detailed information about its trading software, raising investor concerns about its technical support and trading tools. The choice of trading software directly impacts the smoothness and security of trades. Therefore, investors should be cautious when selecting a trading platform, preferring those that provide transparent information and well-known trading software to ensure the safety of their funds and the smooth conduct of trades.
Trading Products of Obrcrypto:
Stocks Obrcrypto offers a rich array of stock trading opportunities, covering over 200 globally renowned public companies across various industries and sectors, including technology, finance, healthcare, and energy.
Cryptocurrencies Obrcrypto supports trading in various cryptocurrencies, including established digital assets like Bitcoin and Ethereum, as well as emerging altcoins.
Commodities Obrcrypto provides trading services for a range of commodities, including energy commodities like oil and gas, industrial commodities like copper and aluminum, and agricultural commodities like wheat and coffee.
Indices Obrcrypto allows investors to trade indices of major world economic indicators, such as the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, and Germany's DAX index.
Forex Obrcrypto offers forex trading services, covering major and exotic currency pairs. Investors can trade major pairs like EUR/USD, USD/JPY, GBP/USD, and a variety of other currency combinations.
Metals Obrcrypto provides trading services for precious and industrial metals, including gold, silver, platinum, and palladium, as well as industrial metals like copper and aluminum. The precious metals market is often viewed as an effective tool for hedging against inflation and market volatility due to its stability and value retention characteristics.
Spreads, Leverage, and Commissions of Obrcrypto:
Spreads: Obrcrypto's website does not specify the spread information for each account type. Therefore, it is currently impossible to determine the spreads for each account.
Leverage:
- Basic Account: 1:20
- Bronze Account: 1:50
- Silver Account: 1:100
- Gold Account: 1:200
- Platinum Account: 1:300
- Diamond Account: 1:400
- VIP Account: 1:500
- Elite Account: 1:1000
Commissions: Obrcrypto's different account types have varying profit sharing and trading funds ratios, which may affect the actual costs incurred by investors. However, specific commission fees are not detailed on the official website.
Deposit and Withdrawal Methods of Obrcrypto:
Obrcrypto's website does not specifically introduce its deposit and withdrawal methods. Generally, traders might be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Customer Support of Obrcrypto:
Obrcrypto's official website currently does not provide any customer support options.
Conclusion:
As a new trading platform, Obrcrypto offers a variety of trading products and account types. However, the lack of transparency regarding its company registration and regulatory information raises significant concerns about its legitimacy and safety. Additionally, the platform has not disclosed detailed information about its trading software and lacks customer support options, further increasing the investment risks. Obrcrypto is flagged as "Suspected Fraud" on TraderKnows.
