Comments on Obsbit

In this section we will analyze the broker Obsbit, is a CFD broker, apparently specializing in cryptocurrencies (like Bitcoin). Is Obsbit really recommended to make an investment? Or is it better not to invest with this company?

We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.

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Who does it belong to? Where is located? Is it a regulated broker?

The broker mentions being part of: Setonix holding LTD. .

As to its location, the broker mentions being based in: Marshall Islands.

If we analyze the regulation of the broker: since they do not mention anything, everything indicates that it is an UNREGULATED broker.

If now we go on to analyze account types offered by Obsbit, we note that it offers 6 types of account: the Discovery Account, the Silver Account, the Gold Account, the Premium Account, the VIP Account and the Luxury Club Account.

Discovery account- $ 200 minimum initial deposit, free training, personal account manager, pop up alerts.

Silver Account: minimum initial deposit of $ 3.001, free training, personal account manager, pop-up alerts, discount on commissions.

Gold Account- $ 10.001 minimum initial deposit, free training, personal account manager, pop-up alerts, commission discounts, webinars, “insider trading information”.

The fourth type of account is the Premium account- $ 30.001 minimum initial deposit, free training, personal account manager, pop up alerts, commission discount, webinars, personal customer service agent.

This is followed by VIP account- $ 50.001 minimum initial deposit, free training, personal account manager, pop up alerts, commission discount, webinars, personal customer service agent.

The last type of account is the Luxury Club Account: minimum initial deposit of $ 100.000, to request information on this type of account it is necessary to contact Obsbit.

You can see even more features about the account types of the Obsbit broker (click aqui to see the image in full size) in the following image:

Obsbit account types
Obsbit account types

The platforms to operate that Obsbit offers are: ACTIVE8.

We will now analyze the different resources and aids for traders that Obsbit provides on its website.

Obsbit website
Obsbit website

Obsbit provides the following help or resources to traders or interested parties: basic explanation about the different cryptocurrencies that are possible to trade, a little history about this product, explanation of concepts from the world of investments, really not much more than this.

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Other information about Obsbit

Some more information in case you want to contact the company, or see its website for yourself.


Phone number+34 935 227 635

Email: [email protected]

Ending with this section, in our opinion Do we believe that the Obsbit company is trustworthy? Should you invest your money with the company?

The truth is that, we believe that it is better to be careful because: it is an unregulated broker, of which we have not been able to find any review or valuation on the internet, which indicates that it is (probably) a "new" company.

October 2018 update: Due to repeated messages from clients mentioning not being able to withdraw the capital, or not being able to contact Obsbit after investing money, WE DO NOT RECOMMEND OBSBIT.

January 2019 update: the CNMV (Spanish regulatory body) has issued a warning against Obsbit

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
caution possible broker scam

We leave a vote open so that traders, clients and users of the broker can vote.

What do you think of Obsbit? What has been your experience?

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About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

116 comments on «Obsbit: Rating and comments»

  1. Gimena Reply

    It was difficult for me to trust again after being scammed by this broker, but I decided to trust and try to recover my capital with mychargeback. And yes I could get it back. They are very attentive and professional, they should try even if it is, they will not lose anything

    • Recommended Brokers Reply

      Hello Gimena, Great !!!, Thank you very much for warning, we are very happy that you have achieved it, now be careful if you invest again, check the brokers before trusting one, here we have almost all of them.

      For others who want to get their money back, they should try talking to our chat or click on this link:

      If you want to see our ranking of the recommended brokers 2021 click HERE

      Greetings and good luck.

    • Joseph Reply

      Hello and how did you do it because they have charged me 2 times and they have not told me anything, you will not work with them

      • Recommended Brokers

        Hi Jose, thanks for commenting on Obsbit. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

        If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

        If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people by investing with this company, such as the address from where its scam sellers call.

        Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

        To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU


  2. Scammed Reply

    Hello, good again
    I write again in case someone has been able to do something, or if you know what we can do ... I have chosen to continue with my life, work and little by little recover financially. The obsbit website has not been accessible for a couple of days, perhaps after having so many problems with so many people they have closed the website and are operating with other similar websites.
    I have been called from other places offering me the same services, other "companies" With other names, as I hear them I hang up the phone

    • Recommended Brokers Reply

      Hello Scam, thanks for sharing your experience with Obsbit, do you remember how you came to find them in the first place? If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have numbers, contact names, emails? Do you have the websites or names of these other companies? We are interested in carrying out analyzes on them.


      • Scammed

        The truth is that I don't know how they got my number, but they called me for several months, offering me their services, and I told them I wasn't interested. After a few months insisting, one day they convinced me to make the first deposit of € 200 to try. There began all the disaster that would come later.
        I do not want to go into details, but little by little they convinced me to enter more money, to be able to have a greater profit, they also offered me a bonus of the same amount that I entered, to operate with them. I do not know how I could fall into their deceptions, but I have been ruined I have come to request a loan from the Bank that I will be paying for a long time, in addition to the savings I had. The problem came when I wanted to withdraw a large amount of money, in order to pay the bank loan, they told me that to do so I had to pay them an amount and that they would pay me double after a week. Finally I paid them the money and they never made the income they told me, I have made hundreds of cash withdrawals from their websites, and I have never been able to withdraw the money. The story is longer, but I don't want to go into more detail. After that week when I saw that the broker did not call me, I tried to call them many times, I sent them emails, and they never answered. Only when I called with a hidden number did they answer me, but when they said it was me and asked for my broker, they hung up on me, or told me they were passing it to me, they left me on hold and then the call was cut off. That's when I realized that my suspicions were real, I had been scammed.
        I have tried in various ways to recover the money: I contacted my Bank and they told me that they could not do anything, I filed a complaint that neither, I asked a Barcelona law firm with whom I did not initiate the process, because I had to pay a large sum of money that I did not have and finally contacted a supposed law firm who claimed to be in London, who told me that they could recover my money and even part of the profits generated by Obsbit for damages.
        For that, I was in contact with them for a few months, I sent them the documentation they asked for, and the alleged lawyer sent me documentation of an alleged trial, even finally he sent me a sentence, in which I was going to recover all the money and even a benefit for damages, but in order to collect I had to pay the "lawyer" His fees before, and I did not have the money. That's when I consulted everything with trusted people, who showed me that it was another scam. Luckily I did not get to deposit the money.
        Several months of all this have already passed, and little by little I am rebuilding my life, trying to move on, although I think I will never get that money back.
        I'm sorry to have been so long, but it's a very long story and I don't know how to summarize it.

      • Scammed

        I do not remember all the "companies" that have called me, I only remember Euro Trader and Avatrade or something like that, the truth is that I already hang up as I hear them
        I also forgot to comment that after several months without knowing anything about Obsbit they called me again with the excuse that the broker who ran my account had been promoted and that that is why no one had contacted me. I told them that I wanted to withdraw all the money and with various excuses they wanted me to give them my Bank codes because they needed them to be able to return the money, to which I refused. Then they told me that in order to withdraw the money I had to enter an amount for taxes, they said that I had to pay IRPF of that money before collecting ... As they have seen that they can no longer get more money from me they have not called me again, at least from Obsbit, although they insisted for many days.
        Although I know that it is useless, until a few days ago I could enter my Obsbit account, but for several days I cannot access it.
        They may have closed this website after scamming so many people
        I wish we could get our money back in some way, but I see it impossible, it seems that we can do nothing, this mob can continue to cheat and swindle without impunity

      • Recommended Brokers

        Hello Scam, thanks for sharing your experience with Obsbit, do you remember how you came to find them in the first place? If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

        Do you have numbers, contact names, emails?

        About your story and that it is extensive, you do not need to apologize, we appreciate that you share your story and the details, it is really sad that they take advantage of people's ignorance like this. It is really difficult to do something with companies without regulation, this is the importance of good regulation, in your case you could file complaints with the regulatory body. And what about alleged capital recovery lawyers who also ask you for an amount of money in advance, because many times they are from the same broker so they know your situation perfectly, it is a real shame. We are really sorry that we cannot help you more.


  3. Scammed Reply

    Has someone reported or been able to get the money back? I have not consulted with anyone again, a few months ago I contacted an alleged lawyer who also turned out to be a scam and with another firm with which I did not start the process because I had to pay in advance a very important sum of money that I do not have .
    I would like to know if we could file a class action lawsuit, or if you know of a lawyer who can take these cases to us and who charges a percentage of what is recovered, since I imagine that all of us who have been scammed cannot pay too much at this time.

    • Recommended Brokers Reply

      Hello Scammed, we take the opportunity to warn about alleged capital recovery, which many times are part of the broker, if they ask you for money in advance to supposedly recover your money, it may be another scam.

  4. anonymous Reply

    wascar teofilo palmer and tal kluger are the owners of obsbit, lions capital, YFX capital and others, they are in the Dominican Republic, a famous Dominican journalist named Nuria Piera is investigating them.

    • Recommended Brokers Reply

      Hello Anonymous, thanks for sharing your experience with Obsbit, any way I can verify what you mention? Or do you have more information? Above all, information that can help people who could never withdraw their capital recover money.


  5. Scammed Reply

    Hello, I am still very worried. From what I see you do not want to do anything, I am very worried, time passes and I no longer know what to do to try to get the money back. I have looked for lawyers and I do not know what to do, they ask me a lot of money to start doing something and they do not assure me that I can recover anything, and I do not have that money. While I'm still paying credits, they won't let me live ... Please, if someone has managed to get something back or knows that we can make them tell us ... We should get together to at least file a class action lawsuit, so maybe the police will take us seriously and they do something, because by making complaints each on their own, nothing is achieved.
    Thank you very much

  6. Julia Reply

    I understand that it is difficult to agree, I understand mistrust, but I am a scammer and I understand that there are people who doubt, I am worried because I think that a troll has entered my computer I have anti-troll security but I am afraid, So I understand the attitude.
    a greeting

  7. Julia Reply

    Only two people sent me an email to ask if I could sue, two people is not enough, it should be at least 10 people to sue. I put my mail [email protected]


    • jaurel1 Reply

      You will not be an employee of obsbit trying to see who and how will be sued, right?

      I think the best thing is to expose everything here, all the information, make it public, we have nothing to hide, obsbit yes.

  8. Scammed2 Reply

    Has anyone else written to Julia ?? I hope we can get together a few, to see if we get something ... Time passes and I no longer know what to do ... They have destroyed my life and although I do not think I can get my money back, I want to try, and if we get together a few maybe something we can do ...

  9. Julia Reply

    Hello to all the scammed, I know a firm and they inform me that you have to know the data of each one, I sent my email, so that whoever wants to just say YES I, and the personal data of each one they send to the firm so you will say.

    a greeting

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