WikiFX

Reply

Yes, Obo fx Pro does have several drawbacks, the most notable being its unregulated status, which poses a considerable risk to my funds. As I’ve mentioned before, trading with an unregulated broker means there’s no oversight or protection in place should something go wrong, and it also opens the door for the broker to change terms or impose unfair fees without any accountability. Another downside is the relatively high minimum deposit required for certain accounts, such as the PRO account, which has a minimum deposit of $10,000. This could be a barrier for many traders, including myself, who may not be ready to commit such a large amount upfront. The higher spreads for cryptocurrencies (such as 24.9 pips for BTC/USD) are another downside for me. These spreads make trading cryptocurrencies more expensive than with some other brokers, which is disappointing given the growing interest in digital currencies. Lastly, while the Jetvix legit reviews indicate that the platform offers great trading tools, the lack of a demo account means I can’t test the platform’s features before committing real money, which makes me cautious.