WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Oubo Global Pty. Ltd

Canada|2-5 years|
High potential risk|

https://www.oubowfx.com/en

Website

Rating Index

Contact

cs@wintersoubo.com
https://www.oubowfx.com/en
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

Oubo Global Pty. Ltd

Abbreviation

Oubo Global Pty. Ltd

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Oubo Global Pty. Ltd · WikiFX Survey

Users who viewed Oubo Global Pty. Ltd also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

Oubo Global Pty. Ltd · Company Summary

Oubo Global Pty. Ltd Basic Information
Registered Country/Area Canada
Founded year 1-2 yearss ago
Company Name Oubo Global Pty. Ltd
Regulation Suspicious regulatory license
Minimum Deposit $1,000
Maximum Leverage Up to 1:1000
Spreads Not specific
Trading Platforms Not specific
Tradable assets Forex, CFDs on stocks, indices, commodities, cryptocurrencies
Account Types Standard (only)
Demo Account No
Islamic Account No
Customer Support cs@wintersoubo.com
Payment Methods VISA, MASETRCARD, cryptos
Educational Tools No

Overview of Oubo Global

Oubo Global Pty. Ltd is a forex broker based in Canada, operating for approximately 1-2 years. The company offers its services under the name Oubo Global Pty. Ltd. However, it is worth noting that there are concerns regarding its regulatory license, which has raised suspicions.

The minimum deposit required to open an account with Oubo Global is $1,000, providing access to the Standard account type. While the maximum leverage offered is up to 1:1000, specific information about spreads and trading platforms is not disclosed, leaving traders with limited insights into the trading conditions and available features.

Oubo Global provides a range of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. This diverse selection allows traders to access various markets and potentially diversify their investment portfolios.

It is important to highlight that Oubo Global does not offer a demo account for traders to practice and test their strategies in a risk-free environment. Additionally, the absence of an Islamic account option means that traders seeking Sharia-compliant trading may need to explore alternative brokers.

Customer support for Oubo Global can be reached via email at cs@wintersoubo.com. However, it is advisable to consider the limitations of email-based support and potential delays in response times. Traders interested in Oubo Global should approach its offerings with caution, considering the suspicious regulatory license and the lack of transparency regarding trading conditions, spreads, and trading platforms.

basic-info

Is Oubo Global legit or a scam?

Oubo Global claims to be regulated by the NFA (National Futures Association) and holds a financial service license with license number 0536478. However, upon conducting a verification check on the NFA website, it becomes apparent that this broker is not listed as a member of the NFA. This discrepancy raises doubts about the regulatory status and oversight of Oubo Global.

regulation

Pros and Cons

Pros Cons
Up to 1:1000 leverage offered Lack of regulatory transparency
Suspicious regulatory license
Higher minimum deposit requirement
Limited customer support options
Absence of demo accounts and comprehensive education
Only one account supported
Numerous details concerning spreads, trading platform missing
pro-con

Market Intruments

Oubo Global offers a diverse range of market instruments, allowing traders to access various financial markets and broaden their investment opportunities. The available instruments include Forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

Forex, the largest and most liquid market globally, enables traders to engage in currency trading. Oubo Global provides access to major, minor, and exotic currency pairs, allowing traders to speculate on exchange rate fluctuations and potentially benefit from currency movements.

In addition to Forex, Oubo Global offers CFDs (Contracts for Difference) on stocks, providing traders with exposure to a wide range of company shares. By trading CFDs on stocks, traders can speculate on price movements without owning the underlying asset. This allows for flexibility and the potential to profit from both rising and falling markets.

Indices CFDs are another market instrument available through Oubo Global. Traders can access a selection of global stock market indices, such as the S&P 500, FTSE 100, or Nikkei 225. Trading indices CFDs allows traders to gain exposure to the overall performance of specific markets, offering diversification and opportunities based on market trends.

Commodity trading is also accessible through Oubo Global. Traders can engage in CFDs on various commodities, including precious metals like gold and silver, energy products like oil and natural gas, and agricultural products such as wheat and corn. Commodities provide traders with the opportunity to participate in markets influenced by global supply and demand dynamics.

Furthermore, Oubo Global includes cryptocurrencies as part of its market instruments. Traders can trade CFDs on popular cryptocurrencies like Bitcoin, Ethereum, or Ripple. The cryptocurrency market offers unique opportunities for traders seeking potentially high volatility and alternative investment options.

Account Types

Oubo Global presents traders with a singular account option known as the Standard account, which serves as the primary gateway to their trading platform. While specific details about the features and advantages of this account remain undisclosed, it is important to note that the account operates under a minimum deposit requirement of $1000.

The minimum deposit threshold acts as a foundational step for traders, allowing them to initiate their trading journey with Oubo Global. However, it is worth mentioning that the absence of a demo account limits traders' ability to practice and acquaint themselves with the platform's functionalities without the need to risk real capital. Demo accounts serve as invaluable tools for traders, particularly those new to the markets, seeking to refine their strategies and build confidence.

How to open an account?

  1. Visit the official Oubo Global website and click on “Open Account” or “Sign Up.”

  2. Fill out the registration form with accurate personal information.

  3. Agree to the terms and conditions presented by Oubo Global.

  4. Submit any required verification documents for identity and address verification.

Upon completion, your account application will be processed, and you will receive further instructions from Oubo Global for funding and accessing the trading platform. Keep your account details secure and follow any recommended security measures.

Leverage

Oubo Global offers leverage of up to 1:1000 to its traders. Leverage, in the context of forex trading, is a mechanism that allows traders to control larger positions in the market with a smaller amount of capital. This high leverage ratio of 1:1000 implies that for every dollar of capital invested, traders can access up to a thousand times that amount in trading volume.

While leverage can potentially amplify profits, it is important to recognize that it also increases risk exposure. Trading with high leverage carries the potential for significant gains but equally significant losses.

Spreads & Commissions (Trading Fees)

Oubo Global does not disclose specific details regarding spreads and commissions on its platform, leaving traders with limited transparency regarding these crucial aspects of trading.Given the absence of information about spreads and commissions, there may be an assumption that Oubo Global intentionally hides its trading fees.

Non-Trading Fees

Oubo Global does not provide specific information about non-trading fees on its platform, leaving traders with limited visibility into the potential costs associated with various non-trading activities. Non-trading fees typically include charges related to account maintenance, deposits, withdrawals, inactivity, and other administrative or operational aspects.

Trading Platform

Oubo Global does not provide specific information about its trading platform, which leaves traders with limited visibility into the features and functionalities of the platform. The trading platform is a vital component of a trader's experience, as it serves as the interface through which trades are executed, market analysis is conducted, and account management takes place.

Many reputable brokers in the industry offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. These platforms have gained widespread recognition and popularity among traders due to their advanced features, user-friendly interfaces, and extensive range of trading tools and indicators.

trading-platform

Deposit & Withdrawal

Oubo Global allows clients to make deposits and withdrawals using various payment methods, including VISA, MASTERCARD, and cryptocurrencies. However, the broker does not provide specific details regarding associated fees, processing times, or any other relevant information regarding these transactions.

The minimum deposit requirement of $1000 may be a significant consideration for potential clients. Such a high minimum deposit could limit accessibility for traders with smaller capital amounts or those who prefer to start with a lower initial investment. Without detailed information about deposit fees, traders are unable to assess the potential costs associated with funding their trading accounts.

Customer Support

Oubo Global's customer support appears to be limited, as the only available contact method provided is through an email address: cs@wintersoubo.com. The absence of alternative communication channels such as live chat or phone support raises concerns about the level of customer assistance and responsiveness offered by the broker.

Is Oubo Global suitable for beginners?

Oubo Global may not be ideal for beginners due to the following reasons. Firstly, the relatively high minimum deposit requirement of $1000 could pose a significant financial commitment for novice traders. Additionally, the absence of a demo account deprives beginners of a risk-free learning environment. Furthermore, the lack of comprehensive educational resources hinders beginners from acquiring essential knowledge and developing effective trading strategies.

To ensure a smooth and supportive start in trading, beginners are encouraged to explore alternative brokers that offer lower minimum deposit requirements, provide demo accounts for practice, and offer comprehensive educational resources.

Is Oubo Global suitable for experienced traders?

Oubo Global may not be the most suitable choice for experienced traders due to certain factors. Firstly, the broker's lack of transparency in terms of regulation raises concerns about the reliability and credibility of its services. Experienced traders often prioritize working with regulated brokers that provide a level of oversight and protection for their investments.

Furthermore, the absence of detailed information about spreads, commissions, and non-trading fees limits the ability of experienced traders to assess the overall cost and competitiveness of trading with Oubo Global.

Moreover, the limited customer support options, solely relying on email communication, may not meet the expectations of experienced traders who prefer timely and responsive assistance

Educational Resources

Oubo Global, unfortunately, does not provide any educational resources to support traders in their journey.

Conclusion

In summary, Oubo Global raises significant concerns that warrant careful consideration from traders. The lack of regulatory transparency and the presence of a suspicious regulatory license undermine the broker's credibility and reliability. The absence of detailed information regarding spreads, commissions, and non-trading fees leaves traders uncertain about the overall cost and competitiveness of trading with Oubo Global. Moreover, the limited customer support options, relying solely on email communication, may fail to meet the expectations of traders seeking prompt and effective assistance. Considering these substantial concerns, traders are advised to exercise caution and thoroughly evaluate alternative brokers.

FAQs

Q: Is Oubo Global a regulated broker?

A: Oubo Global's regulatory status is not transparent, as it provides a suspicious regulatory license without disclosing the regulatory body.

Q: What is the minimum deposit requirement for opening an account with Oubo Global?

A: The minimum deposit requirement for Oubo Global is $1000.

Q: Does Oubo Global offer a demo account for practice trading?

A: Unfortunately, Oubo Global does not provide a demo account.

Q: Are Islamic accounts available with Oubo Global?

A: No, Oubo Global does not offer Islamic accounts tailored to the needs of Muslim traders who adhere to Islamic finance principles.

Q: What customer support options are available with Oubo Global?

A: Oubo Global offers customer support exclusively through email communication. Traders can reach the support team at cs@wintersoubo.com.

Review 8

8 Comments
Write a comment
All(8) Latest Neutral(1) Exposure(7)
Scroll down to view more
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com