If you were thinking of investing your funds with OBRinvest we highly recommend you take a deeper look into the business itself. Not every company that has some kind of regulation is a clean one. That’s why in this OBRinvest broker review, we will give you more information that will definitely keep you thinking for a while should you invest with this company.
|Minimum Deposit:||250 USD|
|Cryptocurrencies:||Yes (Bitcoin, Ripple, Ethereum, Tron + more )|
|Types of Assets:||Currencies, Indices, Stocks, Commodities, Cryptocurrenices|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
OBRinvest Regulations and Security
Yes, it’s regulated by CySEC with license number 217/13. Does that necessarily mean that you are safe? Definitely no! Since the broker has a bad reputation among traders and many of them complain about withdrawal issues, CySEC regulation doesn’t mean much. Despite being Tier1 regulator, CySEC is well-known for simply fining brokers that disobey regulatory rules.That’s why you should be safe when considering investing your money here.
Problem with withdrawing funds
Your banks are not that good option as well to keep your money there, but at least they let you take it out whenever you want. Trading companies, such as OBRinvest, will convince you to put as much as you can, but in the end, trying to withdraw your funds is not going to go that easily. From technical issues to some kind of issues with your bank, all up to the hottest market opportunity of the decade, that are only a tiny part of the things you will hear from your analyst; if you hear from them when you request a withdrawal.
Most of the traders who experienced working with OBRinvest were facing pretty much the same problems. They pushed clients to invest as much as possible, even to get a loan just to deposit funds. They were forcing people to upgrade their accounts to get better trading conditions, lower fees, and whatever crosses their minds just to trick you into putting in more money.
How does an online trading scam work?
It’s a straightforward strategy that they are using. They will show you an ad about automated trading software, which comes under various names, that can generate for you crazy amounts of money within the first 24 hours of trading.
Don’t you think they would already be millionaires if they knew that trick? Exactly. They will use it themselves if it is working. Then after you try it out with a small amount of money and you see results, you’ll be persuaded to put in more money to generate more. Which is completely fine if you can withdraw it. But the first time you try to withdraw the funds, your analyst will present you an opportunity that just crossed his desk and it’s going to bring you whatever you dreamed about ( be aware they know what you want in life ). After you fall for that another time and they feel there is no use of you anymore, forget about reaching them out again.
Scammed by OBRinvest?
If you were a victim of an OBR investment scam, you should reach out to the closest bank franchise and try to get a chargeback. It’s a very frustrating procedure with a lot of paperwork which usually doesn’t pay off unless you file all the documents required, but it’s worth trying. In the end, it’s your money! After that is done, let the people know on social media or some forum about your experience so that other people don’t get scammed by this company.
But what is a chargeback?
If you ever tried to get your money back for some purchase that was not part of the agreement, you’ve already been through that. It’s a procedure where you are requesting from the bank to reverse a transaction that you’ve made. That transaction needs to be backed up with reliable information on why that transaction should be reversed or why that company or individual is uncertain.
Contact our support team via online chat and book your free consultation. You’ll get all the information regarding the refund process.
What is OBRinvest?
OBRinvest is an online trading brokerage regulated by Cyprus regulatory body.
Is OBRinvest a scam?
OBRinvest is a CySEC regulated brokerage with several compliants regarding withdrawal issues.
Is OBRinvest regulated?
OBRinvest has a CySEC regulation. However, it has been blacklisted by the traders themselves.