High Risk
Reported as a scam / unregulated
SF-707692registry entry
Why OBV Trade MT5 is on the register
According to its website, it claims regulated by Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), Financial Services Agency (FSA). Upon investigation, it was found that it had stolen AVATRADE’s information, so it was not actually supervised by any regulatory agency. The truth is that OBV Trade MT5 is not regulated by any regulator. Letting it hold or control investors’ money is unsafe and the money can not be protected by any laws. Therefore, OBV Trade MT5 is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.