Obofx was founded in 2010 by a group of foreign exchange market professionals, building on their long experience in the financial markets. The goal is to become the world’s preferred Forex broker. The Obofx management and team is aware that in these competitive times it is not an easy task to compete and excel but it is understood that obofx team has to be not only hardworking but flexible.
Unlike other forex companies obofx’s success is in the success of the clients. Being an ECN broker it is important for obofx to deliver a STP solution. The trades are transmitted directly without any interruption to the liquity provider and hence providing clients not only the best market price but also the most reliable trading environment.
For us a successful trader is the key and we make sure that that lead is maintained. OBOFX is authorized and regulated by financial regulatory government authority .
OBOFX provides professionals and active traders, hedge fund managers, corporate clients and banks with access to real time streaming and competitive prices directly from leading multi bank liquidity providers.
Clients successful trading is much attributed to extremely fast trade execution, the tightest possible spreads and sophisticated trading platforms that mean our clients have all the tools they need to give them the best possible chance of success.
OBOFX believes that the ECN Forex model benefits all foreign exchange market participants. The ECN/STP model gives OBOFX clients the freedom to trade on a more level playing field. OBOFX has worked hard in making the world of Forex more transparent with a greater degree of control for traders.
Unlike most Forex brokers, OBOFX has No Dealing Desk. The outlined business model is based on utilizing Straight Through Processing (STP), where all OBOFX client’s orders are sent to various premier and leading Forex banks and qualified financial institutions, eliminating the potential for any price mark-up, or any conflict of interests as OBOFX don’t take the other side of traders trades.
Dealing Desk Forex brokers, can, under certain circumstances, profit from traders losses. When those particular circumstances start to appear, that’s when things like lags and re-quotes start to show their head.
OBOFX do not re-quote. They don’t need to. OBOFX don’t run a dealing desk, so there is no trade risk to manage. This means OBOFX never come into conflict with it’s client’s trades. Client trades are made on prices provided to OBOFX by the pool of liquidity providers. The Price Aggregation automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations.
Traders see the best prices – OBOFX liquidity providers see the OBOFX system. Complete anonymity for all your trades.