The Securities and Futures Commission, SFC warns against OBT International Limited (https://obt8.com) and alerts investors for the potential risks of dealing with this entity.
Details:
Name: OBT International Limited
Remarks: The company’s Hong Kong address belongs to a secretarial company. It uses a bank account in Hong Kong in the name of Zhuo ER Wei Trade Co. Limited for settlement.
Addresses: Flat/Rm 7022, Blk D, 7/F, Tak Wing lnd Bldg, 3 Tsun Wen Road,Tuen Mun Nt, Hong Kong
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.