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Obsbit
Rating:
Binary Option Programs Award
Min. Deposit
$200
Min. Investment
N/A
Regulated Broker
No

Obsbit Broker Review

  1. Obsbit

    Obsbit is a non-regulated broker that specialises in cryptocurrency trading and is operated and owned by Setonix Holding LTD which is registered at Majuro, Marshall Islands. You can read all about Obsbit and whether they are a scam or not in our review below.

    Account Features

    There are 6 different account types that South African traders can choose from. Each of these accounts is specialised and based on South African traders with different skills and trading preferences:

    Discover Account (200$-3,000$)

    • Free training
    • Personal Account Manager
    • Access to all 3 platforms
    • Pop up messages

    Silver Account (3,001$-10,000$)

    • Free training
    • Personal Account Manager
    • POP UP ALERTS
    • One Click Trade

    Gold Account (10,001$-30,000$)

    • Free training
    • Free Webinars
    • Personal Account Manager
    • Trading insider
    • One Click Trading
    • Pop up alerts

    Premium Account (30,001$-50,000$)

    • Free training
    • Free Webinars
    • Personal Account Manager
    • One Click Trading
    • Pop up alerts
    • Spread discount in 15-20 pairs
    • The personal customer service agent

    VIP Account (50,001$-100,000$)

    • Free training
    • Free Webinars
    • Personal Account Manager
    • One Click Trading
    • Pop up alerts
    • Spread discount on more than 30 pairs
    • The personal customer service agent
    • Express withdraw
    • The fastest and most high-tech servers

    Luxury Club (100,0000+$)

    To trade with the Luxury Club account, South African traders are advised to contact an Account manager directly and see more options available for this special account.

    Trading Software

    The developers from Leverate created a special trading platform called Active8 for Obsbit. According to the Obsbit, this platform is easy to use, has a unique interface and an appealing front-end. However, the most usable software to trade nowadays is definitely the MT4 platform. With MT4, South African traders are able to use different graphs, settings, and popular expert advisors to improve their trades.

    This type of platform is not checked because Obsbit does not provide a demo account. We advise all South African traders to use only regulated and safe trading software.

    Customer Support Information

    It is a known fact that customer support is a very important part for any company. Obsbit offers South African traders the possibility to contact the broker in 3 different languages: English, Spanish and German.

    Obsbit claims to have a live chat option, which was unavailable at the time of this review.

    To contact the broker directly via email, you can send an inquiry to [email protected] or use their UK telephone number +44 (0) 330 027 1676.

    Payment Methods

    Our team was not able to get any information from Obsbit regarding the payment methods they accept.  Therefore, we cannot provide South African traders with more information about the available payment methods. The only listed methods on their website are not accepted and they are e-payment wallets like Skrill and Netteller.

    Verdict: Is Obsbit a Scam?

    Obsbit is not licensed and their entire website is filled with incomplete information and suspicious claims. This makes us believe Obsbit is a scam for South African traders. We would advise South African users to check out our list of the best and fully tested brokers to always trade safely.

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