obrinvest.com Reviews

https://obrinvest.com redirected to https//www.obrinvest.com during the time we crawled it. OBRinvest.com appears to be a scam website. Several red flags indicate this:

1. **Voluntary Renouncement of CIF License:** The website mentions that OBR Investments Limited is in the process of voluntarily renouncing its CIF license. This is highly unusual for a legitimate financial services company. It’s more common for companies to have their licenses revoked due to regulatory issues, but voluntarily renouncing a license is suspicious.

2. **Request for Withdrawal of Funds:** The website instructs clients to submit a request for withdrawing their remaining balance in their trading accounts. Legitimate financial institutions typically have clear and standard procedures for fund withdrawals, and they don’t usually require clients to take proactive steps to withdraw their funds in the event of a license renouncement.

3. **Minimum Deposit for Wire Transfers:** The website mentions a minimum deposit of €500 for wire transfers. This is unusually high and can be a tactic to encourage larger deposits, especially in the context of the other red flags.

4. **Use of Perfect Money:** Perfect Money is a digital payment system that has been associated with various scams and fraudulent activities. Legitimate financial institutions typically use more widely recognized and regulated payment methods.

5. **High Risk Warning:** The website prominently displays a high-risk warning, stating that 86.20% of retail investor accounts lose money when trading with them. While trading always carries risks, the emphasis on high risk without adequate information on risk management and investor protection is concerning.

6. **Lack of Clear Services:** The website’s content is vague and lacks clear information about the specific services and investment products offered. Legitimate financial institutions usually provide detailed information about their services, investment options, and the risks associated with each.

7. **Unprofessional Language and Instructions:** The language and instructions on the website, such as the repeated emphasis on not obscuring any part of the document during the verification process, can be seen as unprofessional and overly focused on procedural details rather than the actual financial services being provided.

8. **Inconsistent Information:** The website provides inconsistent and contradictory information, such as the mention of being regulated by CySEC but also the voluntary renouncement of the CIF license. Legitimate financial institutions maintain consistency and clarity in their regulatory status.

9. **Lack of Clear Contact Information:** While the website provides an email address for contact, legitimate financial institutions typically have more robust and easily accessible customer support, including phone numbers and physical addresses.

10. **Unusual Document Verification Process:** The website’s detailed instructions for document verification, including the requirement for all four corners of the document to be visible and the emphasis on using a smartphone for this process, can be seen as overly complex and unusual for a financial services provider.

Based on these red flags, it’s advisable to exercise extreme caution and consider alternative, more established and transparent financial service providers for any investment or trading activities.”

the reasons behind this review :
Voluntary Renouncement of CIF License, Request for Withdrawal of Funds, Minimum Deposit for Wire Transfers, Use of Perfect Money, High Risk Warning, Lack of Clear Services, Unprofessional Language and Instructions, Inconsistent Information, Lack of Clear Contact Information, Unusual Document Verification Process