OBAForex Review: this review explains the OBAForex Forex (FX) Market signal-providing platform. Start-up MLM Ng reviews. How does the company operate? What services does it offer?
First, do you know about the company? Learn about the whooping Return on Investments (ROIs) per profits accruing on an OBAForex Investment Plan. Also, understand the payment method on the platform and how you can cash out from the company should you invest.
Note: OBAForex began operations in 2019, with Corporate Affairs Commission (CAC) License.
OBAForex Review: About Company
OBAForex Review: latching onto the virile blockchain technology in market ecosystems, OBAForex provides a set of Forex market-centered business aids. The catalog of offers spans coaching, spotting profitable markets, time-sensitive exchange trades, etc.
The Company website broadly features the organizations leading FX traders or related FX personnel. Among the list of OBAForex Admin are the CSM, Accountants, and Signal providers. But the chief whip in the list is the Company CEO, Moses Adebayo Samuel.
Currently, you can get managerial tips/advice on requests from the Company and also get trade signals for tallied fees. Other services from the company include the following:
- Forex Trading
- Forex Signaling
- Fund Management
- And also Copy Trading.
For newbies, Copy Trading seems the best service on the get-go. Why not pay to have an intermediary firm copy mega Forex Trading Companies? The prospect may be promising, but it may not be practical. We’ll get to this part in the sections below.
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OBAForex Review: Company Products
OBAForex Review: Access valuable Forex Market products for easy trading and get due profits from OBAForex Company. This section of our review focuses on the products from the platform. Read on below to learn more.
The OBAForex Products cache features the items listed below:
- Binary Strategy
- FX Strategy
- And also Books and Audio
Moreover, the Books and Audio are not marked as products you can buy and re-sell. And the brief descriptions of the audios show that they about FX coaching sections on the same platform. What’s new?
OBAForex Review: OBAForex Market Strategy
Although the platform devotes a full page to highlighting its expertise on Binary Options market strategy, it does not offer risk-proof schemes. According to the platform:
“Picking the Best Binary Strategy for You, When it comes to clarifying what the best and most profitable binary trading strategy is, there really is no single answer.”
So, instead of a solve-it-all equation, OBAForex offers calculated (we assume) likelihoods of desired results. Then what’s next? Nothing more. The Company fails to publish a detailed history of its success trading Binary Options.
OBAForex Review: Forex Tools (Select Trade Strategy)
Here, you get to enter an FX Trade tools pact as published on the website. Below are the available offers in the FX Trade Shop:
Amos 3-3 Strategy ($299),
OBAForex Genesis Strategy ($999),
OBAForex Revolution ($499), and lastly
5-13-63 Strategy ($100).
The pegged prices above are the entry fees for each strategy on the website.
From our OBAForex Review findings, the Company is located in Plateau State, Nigeria. The address as seen on the website is No.233 Building Material, along Bukuru Express Way, Jos, Nigeria.
Whether for business or general inquiries, you can also contact the company through the phone numbers appended to the website location page. Also, there is an email address on the website for mailing OBAForex.
Is the Company in any way like an MLM platform? Get the answer in the following section of our OBAForex Review.
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Invest & Earn, High Quarterly ROIs
OBAForex Review: according to the organization, you can earn 1%-2% daily profit on your account on the platform. The monthly pile-up caps at 25% ROI (and 80% ROI after four months).
Besides a head-on investment, you can use proxy means by joining a package level on the Company’s investment plan.
Below are the available Plans on the Fund Management Cache:
Bronze ($10, 000) _ offering 10% lapse on returns/draw-down, Bronze Package pays 100% ROI per month. But the profit is equally shared between you and OBAForex.
Gold ($25,000) _ offering a 10% lapse on returns/draw-down, Gold Package also pays 100% ROI per month. You and OBAForex will go equal-shares.
Diamond ($50, 000) _ like the preceding packages, you can get 100% monthly ROI. But it also offers quarterly profit caps every three (3) months. The profit is shared in the ratio: 40/60.
Platinum ($100, 000) _ you can get this top-value package at a 20% max profit deficit. Just like Diamond Package, it remits quarterly ROI every three (3) months. Also, the accruing profit is shared in the ratio: 60/40.
OBAForex Review: investments in the company generate profits from speculations in several real & digital assets. Currently, the company only publishes the trio:
- Energy Futures,
- Commodities Futures, and lastly
This reveals one of several red flags about the company. See the following sections for details.
Possible Red flags
OBAForex Review: is it possible to cart away 1400pips monthly on Forex? While this feat works randomly for hedged forex market big traders, it is almost impossible that regular brokerage firms can offer such a service.
Ordinarily, top-notch FX Traders use analytics allowing for favorable outcomes through gain-loss bivariate lines. None of the intricate tools for earning big on Forex Market is available on OBAForex, though. So, how does it
To answer this question, you can recall that MLM platforms usually use decentralized e-commerce schemes to mask a pyramid payment structure. If you look further on the OBAForex website, you will see earning options for Affiliates. It means that you can earn profits by referring people to the platform.
For most people, the 1400pip/month is a smokescreen hiding the earning model on OBAForex. Why? Because the odds are heavily against any unit-trade making 1400pips per month.
Moreover, the company appears to be insufficiently regulated to offer the kind of services it renders on its website. It is not enough for an online trade platform to have a CAC license. The Securities Exchange Commission (SEC) controls the jurisprudence for financial securities trading. However, OBAForex does not provide evidence of registering with SEC.
OBAForex Review: although this platform has been operational for more than one year (according to the website), it shows signs of abrupt closure.
The surest sign of scams in online business is the lack of regulation from appropriate firms. In this case, OBAForex does not provide one. So, ensure you weigh the options carefully before investing in the Company.
Please, share your thoughts about the platform with us in the comment box below.
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