Exploring OBRInvest: Pros and Cons of a Reliable Trading Platform
Having recently joined OBRInvest, I bring with me a background of over two years in trading Forex and CFDs. My experience has exposed me to various trading strategies, each tailored to the specific asset class and the depth of my account balance. In this article, I explore the pros and cons of OBRInvest, highlighting the reasons why it suits my trading needs and the areas where it may fall short.
Pros of OBRInvest
A Reliable Trading Platform
One of the foremost benefits of OBRInvest is the availability of the MetaTrader4 (MT4) platform. Though the MT4 terminal is considered old technology, its reliability in executing market orders instantly stands as a significant advantage. The platform eliminates intermediaries between the trader and market liquidity, ensuring that orders are executed seamlessly.
Moreover, the MT4 terminal is packed with a range of charting tools, technical indicators, and Expert Advisors, making it an all-in-one trading solution. Third-party plugins can be installed to conduct in-depth market research and analysis without switching platforms. This versatility is particularly useful as I employ a hybrid trading strategy that combines both fundamental and technical analysis.
A Wide Range of Asset Classes
A key advantage of OBRInvest is the variety of asset classes available for trading on a single platform. I have the flexibility to trade major currency pairs and exotic currency pairs, both of which offer distinct benefits. Major currency pairs are highly predictable due to their high liquidity and trading volume, making technical analysis highly effective for identifying reversal ranges and entry points.
Exotic currency pairs, on the other hand, present opportunities for higher volatility and potentially higher profits. Short-term rallies in both directions can be capitalized on with mid-size volume, provided I monitor H4 and H1 timeframes to catch strong intraday trends. While the accuracy of technical indicators is lower compared to major pairs, the higher volatility justifies the risks involved.
Stock CFDs and Commodity CFDs
Another notable strength of OBRInvest is the option to trade Stock CFDs. This feature is particularly useful for traders who employ fundamental analysis to make investment decisions. Reading numerous reports and reviews to identify overbought and oversold markets helps in pinpointing the best ranges for take-profit orders. While it can be challenging to track every intraday trend, focusing on long-term timeframes is more effective.
Commodity CFDs are also available, with Gold and Silver being highly volatile. Traders can capitalize on these assets through the H4 timeframe, taking advantage of breakout conditions and potential uptrends. Similarly, the high price of Oil presents a significant opportunity for traders to benefit from any uptrend, given its current 2-year high.
Customer Support
Customer support at OBRInvest is another significant selling point. Traders often face questions and challenges when navigating the market, and OBRInvest's support team is always available to provide assistance. A responsive and helpful support team can make a significant difference in managing one's trading activities effectively.
Cons of OBRInvest
Geographic Restrictions
One drawback of OBRInvest is the geographic restrictions. The broker operates in the European Union with exceptions for certain countries. While this is not an issue for me, some traders may find this limiting. Additionally, aggressive traders who are accustomed to higher leverage may find the restrictions less favorable.
No Competitive Advantage in Leverage
OBRInvest does not offer higher leverage, which some traders may view as a limitation. In my experience, maintaining a balance between risks and profits is crucial for successful trading. Therefore, having a moderate level of leverage can be strategically advantageous in achieving this balance.
Older Platform Technology
The use of older technology, while reliable, could potentially mean that the platform lacks some of the newer features and advancements found in more modern trading platforms. However, this is balanced by the fact that the MT4 platform is well-established and has a strong user base, providing a stable and consistent performance.
Conclusion
In conclusion, OBRInvest offers a robust and versatile trading platform with a wide range of asset classes, strong customer support, and a user-friendly MT4 terminal. Its geographic restrictions and the lack of higher leverage are minor cons, but they are important considerations for traders.