Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is OBOX？
OBOX is a broker based in Pakistan in 2015. It currently holds no regulations.
Pros & Cons
Cons:
No Regulation: OBOX is not currently regulated by any external authority. This absence of regulatory oversight will concern users about its standard of oversight and protection offered.
Lack Info on Key Trading Conditions: OBOX does not provide clear information on key trading conditions such as leverage, spreads, commission rates, and minimum deposit requirements, which are very important for users to make a decision in trading.
Is OBOX Legit？
Regulatory Sight: OBOX is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: OBOX applies Stop-Loss Orders. These are designed to limit an investors loss on a position in a security. By setting a stop loss order, traders specify a price at which their trade will automatically close if the market moves against them.
Market Instruments
OBOX offers a certain range of market instruments. These include:
Forex: Forex trading involves the exchange of one currency for another, and it is the largest and most liquid market in the world.
Currencies: Offers opportunities for forex trading, where traders can buy and sell currencies in the highly liquid forex market, including major, minor, and exotic currency pairs.
Commodities: Traders can trade precious metals like gold and silver, as well as a range of other commodities including oil, natural gas, agricultural products, and more.
Customer Support
OBOX provides customers with a certain range of support channels. These include:
Contact Form: Users can submit their inquiries and issues through an online contact form available on the OBOX website.
Telephone Support: For immediate assistance, users can reach OBOX via telephone at +923111222105.
Email Support: Users can also contact OBOX through email at info@obox.com.pk. Email support is useful for detailed and written inquiries.
Social Media: OBOX maintains an active presence on multiple social media platforms, including Instagram, Facebook, X (formerly known as Twitter), LinkedIn, and YouTube. Through these social media, Users can get updated information about this broker.
Company Address: The physical address of OBOX at TMK Tower, Malik Haroon Street, H-13, Islamabad, adding a layer of credit.
Conclusion
As a broker, OBOX does not provide enough information on key trading conditions on its official website and it currently holds no regulations. We do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Question: Is OBOX regulated？
Answer: No, it is currently not regulated.
Question: Is OBOX a good choice for beginners or not？
Answer: No. It lacks regulation and information transparency. Users should consider regulated brokers with comprehensive information provided.
Question: Is my money safe with OBOX？
Answer: No, not quite. OBOX is not a regulated broker and it does not apply extra security protocols either.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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