Company Summary
| OspreyFXReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | 120+, Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.4 pips |
| Trading Platform | TradeLocker |
| Min Deposit | $25 |
| Customer Support | Contact Form |
| Social Media: Facebook, Instagram, Twitter, Discord, Telegram | |
OspreyFX Information
OspreyFX is an unregulated online trading platform that provides access to multiple financial instruments, such as Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, and Futures. Alongside its four main account types based on an ECN account, the platform also offers a demo account for practice trading.
Pros & Cons
| Pros | Cons |
| Multiple account types | Commission charged |
| No deposit or withdrawal fee on most occasions | Unregulated |
| Wide range of tradable assets | |
| Demo account available |
Is OspreyFX Legit?
No. OspreyFX is not a licensed broker, which makes it risky to invest in this platform.
What Can I Trade on OspreyFX?
OspreyFX assets to offer over 120 market instruments, including Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, and Futures.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| cryptocurrencies | ✔ |
| stocks /shares | ✔ |
| indices | ✔ |
| energies | ✔ |
| futures | ✔ |
| commodities | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
Account Types
OspreyFX offers various account types on its platform.
- Demo account for users to test the platform without risking money.
- Four ways to trade using an ECN TradeLocker account.
| Account Type | Typical Spread | Min. Deposit | Forex Pairs | Commission Per Lot |
| Standard | From 0.8 | $50 | 55 | $7.00 |
| PRO | From 0.4 | $500 | 55 | $8.00 |
| VAR | From 1.2 | $250 | 55 | $0.00 |
| Mini | From 1.0 | $25 | 29 | $1.00 |
Leverage
OspreyFX offers a leverage ratio of up to 1:500, which means that traders can open positions up to 500 times the value of their account balance.
Fees
Account Commission
| Account Type | Commission(USD/EUR/GBP/CAD/AUD) | Commission(Bitcoin) |
| Standard | 7.00 | 1500 BIT |
| PRO | 7.00 | 1500 BIT |
| VAR | 0 | 0 BIT |
| Mini | 1.00 | 15 BIT |
Deposit and Withdrawal charges
OspreyFX charges $25 for banking fees for withdrawals of up to 5K.
Trading Platform
The trading platform OspreyFX offers is TradeLocker, which is a widely recognized platform in the forex industry, famous for its advanced charting capabilities, technical analysis tools, and customizable interface.
| Trading Platform | Supported | Available Devices | Suitable for |
| TradeLocker | ✔ | Desktop, Mobile, Web | / |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced trader |
| MT4 | ❌ | Desktop, Mobile, Web | Beginner |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginner |
Deposit and Withdrawal
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cryptocurrency | 10 | 0% | The same day |
| Credit/Debit Card | 10 | 0% | The same day |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Cryptocurrency | 10 | 0% | The same day |
| Credit/Debit Card | 10-25 | 0% | / |
| Wire Transfer | 10 | $25 for banking fees on withdrawals of up 5K | 1 business day |
Note: There may be fees associated with the payment method provider themselves with an incoming transaction. Processing fees apply to cryptocurrency deposits originating from their respective processing networks. OspreyFX is not responsible for any network fees deducted from any transactions.
FX5994775392
Canada
This image is OspreyFX compared with a legit broker at the same time! You can see the difference in market price. They manipulate spread anyhow they want, they’ll either blame news event (even though there’s no news) or market volatility. Beware guys
Exposure
逸金
Hong Kong
Don't information. This platform is a liar
Exposure
FX3739673730
Philippines
They will promise that withdrawals are simple, but in reality it is impossible. I'm sure they are good to some customers to stay effective, but they stole my money directly and did the same to many others. They even changed my password to clear my account and acted as if nothing happened. More than 50 emails, still no solution.
Exposure
FX1220277098
Nigeria
I have been trading with OspreyFX for two weeks and so far, I haven’t met any problems. I especially love its customer service, always available to give me assistance.
Positive
泉水45282
Singapore
osprey forex has cheat my friend out of almost 6k USD by suspending her account. According to osprey, she violated the AML policy, buy that's totally nonsense!
Neutral
struggle11307
Colombia
OspreyFX is registered in Saint Vincent and the Grenadines and does not have any regulatory license. I do not recommend anyone to trade with this company.
Positive
呵呵61923
Australia
however, compared with this so-called reward, one's inner motivation is more significant, which can bring us great desire to lear, arouse our passion for the promising future and help them keep moving forward.
Neutral