OspreyFX

Registered in	St. Vincent and the Grenadines
Regulated by	No effective regulation at this time
Year(s) of establishment	2-5 years
Trading instruments	Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit	$25
Maximum Leverage	1:500
Minimum spread	0.1 pips onwards
Trading platform	MT4, MT5
Deposit and withdrawal method	Cryptocurrencies
Customer Service	Online chat and call back
Fraud Complaints Exposure	Yes

General information and regulations of OspreyFX

Registered in St. Vincent and the Grenadines, OspreyFX is an online forex broker without any effective regulations.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....OspreyFX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on OspreyFX. Totally over 120 assets are available.

Spreads and commissions for trading with OspreyFX

The spreads and commissions vary from instrument to instruments, from accounts to accounts. For example, the typical spread in standard account is from 0.8 pips and the commission is 7 USD per lot. As it is shown in the screenshot we just listed, OspreyFX also provides a real-time spreads form.

Account Types for OspreyFX

Demo Account: OspreyFX provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: OspreyFX offers 4 types of ECN account: standard, pro, var and mini. Their major differences consist in spreads, minimum deposit, forex pairs available and commissions per lot.

Trading platforms offered by OspreyFX

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Leverage offered by OspreyFX

OspreyFX offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

According to the faqs section of OspreyFX, they currently accept cryptocurrencies for deposits and withdrawals. Clients may also use debit/credit card via 3rd party platforms to buy bitcoin in order to realize payments.

Educational resources

Some educational resources are available at OspreyFX, such as forex calculators. We must admit that compared with some forex brokers, the educational resources provided by OspreyFX is not that abundant or competitive.

Customer support of OspreyFX

Below are the details about the customer service.

Language(s): English

Service Hours: 24/7

Online chat and call back

Social media: Facebook, Instagram, telegram, twitter

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of OspreyFX

Advantages:

High leverage

MT4, MT5

Many instruments available

Demo account

Disadvantages:

Complaints

No educational resources

No effective regulation

No copy trading

Frequent asked questions about OspreyFX

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

What trading platforms does this broker offer？

The platforms offered by OspreyFX are MT4 and MT5.