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