OspreyFX Review

Minimum Deposit: $10 VISIT BROKER
Trading leveraged products such as Forex may not be suitable for all investors as they carry a degree of risk to your capital.

OspreyFX Review

Summary

Established in 2019, OspreyFX operates from St. Vincent and the Grenadines. OspreyFX is an online ECN forex and CFDs broker that promises its customers the comfort of security and a good trading environment. Despite being an offshore company, the broker has gained considerable attention. The broker promises to provide its clients with true ECN execution. OspreyFX has a good product portfolio with forex CFDs, commodities, indices, cryptocurrencies, US shares, and EU shares. The broker offers third-party trading platforms from MetaQuotes to its customers. Very user-friendly navigation on the broker’s website makes it easier to find answers to your questions. The broker offers a very low-cost trading environment with lots of educational and research resources. The broker has no license from any regulatory authority at this time and claim that getting a license takes a lot of time, although they have applied for multiple regulations. 

7.7Expert Score
OspreyFX Rating

Sign up to trade Forex, Cryptos, Stocks and Commodities with full STP execution.

Investment Products
8
Commissions and Fees
8
Platforms and Tools
8
Research and Education
7
Deposit and Withdrawal
7.5

OspreyFX Review

Pros and Cons

OspreyFX offers over 200 trading instruments over a variety of asset classes. There are multiple payment methods and low minimum deposit requirements for clients to get started with this broker. The broker has many account types to suit every trader and offers trading at low spreads and commissions. On the other hand, the broker is not yet licensed by any regulatory authority. Still, even then, the broker’s clients claim to have a sense of security during their experience. The broker does not have a phone number to contact. However, they have a “get a call back” service in the customer support section.

Positives
  • Fast account opening
  • Multiple account types
  • Low minimum deposit
  • Competitive commissions
  • Low spreads
  • Market news and insights
  • Trading courses
  • Crypto trading and funding
  • Bitcoin payment option
  • Convenient funding methods
  • Quick customer support 24/7
  • Islamic accounts
  • Demo accounts
Negatives
  • Unregulated broker
  • No contact number
  • Not for US clients

OspreyFX Review

Investment Products

OspreyFX offers 200+ tradeable financial instruments. The broker offers 55 forex CFDs, 9 commodities, 31 cryptocurrencies, 9 indices, and 37 popular stocks as investment products. However, the broker does not offer options, bonds, or ETFs at this time. This retail broker offers ECN accounts for fast execution with very competitive trading costs. 

OspreyFX Instruments Summary

Instruments OspreyFX
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
OspreyFX Instruments

OspreyFX Review

Commission and Fees

Commission and Spread Fees

OspreyFX offers various trading conditions to its clients regarding trading costs that vary according to the account types. The traders can choose to bear tight spreads and average commission with ECN accounts. On the other hand, they can also enjoy zero commission trading on VAR account types with medium spreads. As the last option, traders with low investments can open a mini account to trade in micro lots with very small sizes and pay very low commissions.

Fee Standard ECN Pro ECN VAR Mini
Commission (per standard lot per side)$7$8$0$1 per microlot
Spreads from1.00.62.01.0
OspreyFX Fees

Deposit and Withdrawal Fees

OspreyFX does not charge any deposit fee for any provided payment method, but the cryptocurrency wallet’s service charges per transaction may apply. The broker does not charge any withdrawal fee either, but the blockchain might apply service charges.

Inactivity Fees

OspreyFX does not charge any inactivity fees from its clients who stop conducting trading activity on their accounts.

OspreyFX Review

Platforms and Tools

OspreyFX offers the most popular third-party MetaQuotes trading platform suite to its clients on all account types.

MetaTrader 4 (MT4)

OspreyFX delivers real ECN connections to clients using the famous MetaTrader 4 (MT4) trading platform built by MetaQuotes. MT4 is user-friendly and has a fully customisable interface. It includes an abundance of features and functionality to fulfill the demands of various traders. It has a short learning curve which makes it the platform of choice for many beginners whilst maintaining enough advanced capabilities to satisfy the more demanding needs of seasoned investors. Stop orders, trailing stops, a tick chart, and trading history are all supported by MT4. It also allows market and pending orders, quick execution, and one-click trading. MT4 makes trading more flexible and hassle-free. The following are some of the features of the MT4 online trading platform:

  • Multiple execution modes
  • Market, pending, and trailing orders
  • 3 chart types
  • 11 time frames
  • 40+ technical indicators
  • Drawing objects
  • Support for expert advisors (EAs)
  • Strategy tester
  • Price alert notifications
  • Market watch
  • MetaQuotes marketplace
  • Available on iOS and Android
  • Available on web browser
Osprey FX MT4 Platform
Osprey FX MT4 Platform

MetaTrader 5 (MT5)

OspreyFX also offers the convenience of MetaTrader 5 to its clients who are more interested in trading stocks. MT5 is an award-winning multi-asset trading platform. As compared to MT4, MetaTrader 5 is better at algorithmic trading and providing traders with more order options to choose from. More in-depth technical analysis is possible with more time frames provided in MT5. Traders can enable popup notifications or alerts via SMS or email on MT5. Now, trading seems seamless on the go with iOS and Android devices support. Here are some cool features of MT5:

  • 3 chart types
  • 4 execution types
  • Fully customisable charts with templates
  • 21 timeframes
  • Market orders, pending orders, trailing stop
  • Stop loss and take profit
  • Enhanced charting tools
  • Technical indicators
  • Market analysis and news
  • Webtrader available
  • Available on iOS and Android devices
Osprey FX MT5 Platform
Osprey FX MT5 Platform

Trading Tools

OspreyFX offers free trading tools such as Margin Calculator, Swaps Calculator, Pip/Point Value, and Currency Converter for the convenience of its clients.

Margin Calculator

Margin calculator allows traders to know the required minimum amount in their account, which is necessary to open the desired position.

Swaps Calculator

In FX, financing expenses are very important. For positions held overnight, check the due sums or will be credited to your account with a swap calculator.

Pip/Point Value

When the underlying asset price varies by one pip, it’s always useful to know how much your present profit or loss will change. Get to know it with the pip/point value of that instrument.

Currency Converter

The currency converter on OspreyFX lets you figure real-time currency and foreign exchange rates.

OspreyFX Platforms Summary

PlatformOspreyFX
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Tradingx
Other x
OspreyFX Platforms

OspreyFX Review

Research and Education

The broker’s website has a section dedicated to the newest Forex and Crypto news, as well as any breaking financial headlines that may affect your trading. It should be noted that there is a nice selection of often-updated articles that cover a wide range of topics in depth. The broker offers a trading academy with some additional educational materials. This might assist their clients in making more educated trading decisions. Unfortunately, at this time, the broker does not have educational and research resources like AutoChartist, Trade Central and has no economic calendar to keep its traders informed about macroeconomic events. Moreover, the broker has not yet started any webinars, podcasts, or educational videos for its traders.

Osprey FX Market News & Insights
Osprey FX Market News & Insights

Forex Trading Education

OspreyFX offers educational content for beginners, intermediate and advanced traders, and forex affiliate marketers in the trading educations section of the website. Traders can find educational content from trading basics to advanced trading strategies around forex, cryptocurrencies, and other assets.

Forex Learning Platform

OspreyFX partners with Forex Squad to prepare and provide free forex educational content to its customers. Anyone with a verified OspreyFX account can access Forex Squad course content. This educational content covers market knowledge and trading strategies in easy to navigate and learn manner.

OspreyFX Research and Education Summary

ResourcesOspreyFX
Market Analysis
Guides
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Other
OspreyFX Resources

OspreyFX Review

Deposit and Withdrawal

OspreyFX offers its clients the peace of mind to make transactions hassle-free with a variety of payments options to choose from. The clients of this broker can use their Debit/Credit cards, cryptocurrency wallets, and electronic wallets for deposit and withdrawal of their funds. Unfortunately, the broker does not allow wire transfers for deposit or withdrawal at this time. Payment done via Debit/Credit cards are meant to buy BTC and transfer them to the broker.

OspreyFX Funding Summary

Payment MethodDepositWithdrawal
Wire Transferxx
Credit/debit Card
Electronic Wallets
Cryptos
OspreyFX Funding Options

OspreyFX Review

Regulation and Safety

OspreyFX is based in St. Vincent and the Grenadines. However, no big name like FCA, FSA, or ASIC authorise or regulate this broker to operate under their jurisdiction. Lack of regulation means that the broker can offer some products and services that a regulated broker cannot. However, it also means that there may not be protection in place should something go wrong.

OspreyFX Regulation Summary

RegulatorOspreyFX
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
OspreyFX Regulators

OspreyFX Safety

No top-tier regulatory authority regulates OspreyFX to operate under their jurisdiction. However, the US is the only country mentioned on the broker’s website whose clients cannot open an account. The broker does not hold a banking license and is not traded on any stock exchange in the world. The financial statements of the broker are not publicly available. They do state that they are actively trying to apply for a regulatory license so that may have changed by the time you read this OspreyFX review.

OspreyFX Review

Client Support

If you have any queries for OspreyFX support, you can fill out an online form, and they will try to respond within 24 hours. They offer an automated online chatbot that can properly point you and provide you with pre-written solutions to frequently asked topics. After you’ve gone through the automated live chat procedure, they can put you in touch with a human at the broker to speak with. This is extremely critical if you have an emergency and need to contact someone immediately away. The FAQs section on the website is very comprehensive and helpful. Traders can find answers to almost all the questions regarding payment methods, minimum transfer amounts, account types, trading conditions, etc.

OspreyFX Review

Conclusion

OspreyFX is a trading broker that offers online trading services that include a variety of trading instruments across different asset classes, the MT4 and MT5 platforms, and a variety of account options. They provide a wide range of cryptocurrencies to trade, as well as Bitcoin financing. They give timely market news and insights, which is beneficial.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

OspreyFX Review

FAQs

When was OspreyFX founded?

OspreyFX was founded in 2019.

Where is OspreyFX located?

OspreyFX is located in St Vincent and the Grenadines.

Is OspreyFX regulated?

Unfortunately, OspreyFX is not yet regulated by any regulatory body.

What trading instruments does OspreyFX offer?

OspreyFX offers forex, CFDs, commodities, cryptocurrencies, indices, and stocks to trade.

What is OspreyFX’s minimum deposit?

OspreyFX requires a minimum deposit of $10.

What investing platforms does OspreyFX offer?

OspreyFX offers MT4 and MT5 as their trading platforms.

What is OspreyFX’s commission fee?

OspreyFX offers flexible commissions for different account types starting from zero commissions.

Does OspreyFX charge an inactivity fee?

OspreyFX does not charge an inactivity fee.

What are the OspreyFX spreads?

OspreyFX offers variable spreads starting from 0.6 pip.

What funding options does OspreyFX offer?

OspreyFX offers Debit/Credit Cards, cryptocurrency wallets, and electronic transfer as funding options.

Does OspreyFX offer demo trading?

OspreyFX offers demo trading.

Does OspreyFX offer Islamic accounts?

Yes, OspreyFX offers Islamic accounts.

How do I contact OspreyFX customer support?

You can contact OspreyFX’s customer support via live chat, email or can ask for a call-back service.
OspreyFX Review
OspreyFX Review
Minimum Deposit: $10
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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