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OBAFOREX

Operating status: SCAM

Website: https://obaforex.com/

Broker violations and abnormal records
  • Aug 17, 2022 BrokersView has Reviewed that OBAFOREX is an Unregulated Forex Broker

    OBAFOREX is not a reliable broker for traders even though it states offers that look good to be true. OBAFOREX claims to be duly registered with the Corporate Affairs Commission in Nigeria (CAC) with Registration Number: RC: 3005196.

    But please be informed that CAC is not a regulatory body that regulates forex. Besides, Nigeria currently does not have any regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex. The truth is that OBAFOREX is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    OBAFOREX is not a reliable broker for traders even though it states offers that look good to be true. OBAFOREX claims to be duly registered with the Corporate Affairs Commission in Nigeria (CAC) with Registration Number: RC: 3005196.But please be informed that CAC is not a regulatory body that regulates forex. Besides, Nigeria currently does not have any regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex. The truth is that OBAFOREX is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.