OBV Markets LLC Review

About OBV Markets LLC

OBV Markets LLC operates using the domains obvmarkets.com and obvid.com. It offers trading services in foreign exchange, metals, energy, and indices, and claims to provide platforms such as MetaTrader 5; spreads are advertised starting at 1.2 pips with a commission of $5 and maximum leverage up to 1:400.

Regulatory information is absent on the firm’s website, and no registration was found in UK Companies House or FCA records. The Australian Securities and Investments Commission (ASIC) added OBV Markets LLC to its unlicensed entities blacklist on April 2, 2024, with the listing still active as of December 2, 2024. The company is unregulated and likely based offshore, including at least a claimed presence in St Vincent and the Grenadines, a jurisdiction where forex brokerage is not licensed or supervised.

The broker lacks publicly confirmed account types, minimum deposit, withdrawal procedures, swap-free or Islamic account options, base currencies, fund protection measures, hedging/scalping rules, negative balance protection, or domain ownership details beyond its website. Multiple user complaints involve inability to withdraw funds and unresponsive service. A case recorded on a complaints platform describes large sums collected via crypto and no payouts, with withdrawal requests frozen or ignored.

Pros and cons

Pros

• Claims to offer MetaTrader 5 platform
• Advertised spreads from 1.2 pips with $5 commission

Cons

• Unregulated and blacklisted by ASIC (blacklist active since April 2, 2024)
• No verifiable company registration in UK or FCA records
• High maximum leverage (1:400), high risk, lacks transparency on trading conditions
• Reports of withdrawal issues and unresponsive customer support
• Possibly offshore and untrustworthy due to use of crypto-only deposits