OspreyFX

OspreyFX Review: Is OspreyFX a Good Broker?

Broker overview and general information

OspreyFX was founded in 2019 and is registered in Saint Vincent and the Grenadines, a location of choice for many brokers due to its flexible registration requirements. The broker is designed to support ECN/STP (Electronic Communication Network/Straight-Through Processing) trading, which allows orders to be sent directly to the market or liquidity providers without any intervention from the broker itself. This makes it attractive to traders who want low trading fees and fast execution. The broker focuses on the Forex and CFD markets, expanding to a variety of asset classes, including cryptocurrencies, stocks, indices, and commodities. The broker also stands out for supporting deposits and withdrawals via cryptocurrencies such as Bitcoin and Ethereum.

Broker Licensing and Regulation

If you ask whether OspreyFX broker is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 25288BC2019 under Osprey Ltd.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSA license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, this factor should be reconsidered before investing.

Broker Products and Services

Trading products

brokerThere is a wide range of trading assets covering various markets including Forex, Cryptocurrencies, Commodities, Stocks and Indices, as detailed below:

1.Forex

• Major Currency Pairs (FX Majors): Such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.

• Minor Currency Pairs (FX Crosses): Such as EUR/AUD, GBP/JPY, AUD/NZD, etc.

• Exotic Currency Pairs (FX Exotics): Such as USD/TRY, USD/ZAR, EUR/PLN, EUR/HUF, etc.

2. Cryptocurrencies

• Supports trading over 20 currencies such as Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD), Shiba Inu (SHB/USD1000), Solana (SOL/USD), and Binance Coin (BNB/USD).

3. Commodities

• Precious metals: Such as Gold (XAU/USD, XAU/EUR), Silver (XAG/USD), Platinum (XPT/USD)

• energy: Such as crude oil (USOil), Brent oil (UKOil), and natural gas (NGAS).
  

4. Index

• Nine major indices include the NASDAQ 100 (NAS100), Dow Jones (US30), S&P 500 (SPX500), and Nikkei 225 (JPN225).
  

5. Stocks

• US stocks: Such as Apple (AAPL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), and Meta (MVRS).

• European stocks: Such as Adidas (ADSGn), Volkswagen (VOWG_p), and Louis Vuitton (LVMH.PA).
  

6. Futures

• There are specific options such as US Dollars.

Trading Platform

The broker offers investment services through its main platform, TradeLocker, which is a basic trading program that is a different alternative to the commonly used MT4 and MT5. TradeLocker aims to be an easy-to-use platform with an easy-to-understand interface, which can meet the needs of both new users and highly skilled investors.

OspreyFX Review: Account Types

Trading with a broker has 1 main account and creates 4 more types of accounts, where the main account is creating an ECN Account before being divided into 4 types: Standard, Pro, VAR and Mini accounts. Each account type is different only in the Spread, Minimum Deposit, Number of Forex Pairs and Commission per lot.

Standard Account

• Minimum deposit $50

• Maximum leverage 1:500

• Margin call/Stop Out 100/70

• Spreads start at 0.8

• Commission 7$ per lot

Pro Account

• Minimum deposit $500

• Maximum leverage 1:500

• Margin call/Stop Out 100/70

• Spreads start at 0.4

• Commission fee 8$ per lot

VAR Account

• Minimum deposit $250

• Maximum leverage 1:500

• Margin call/Stop Out 100/70

• Spreads start at 1.2

• Commission fee 0$ per lot

Mini Account

• Minimum deposit $25

• Maximum leverage 1:500

• Margin call/Stop Out 100/70

• Spreads start at 1.0

• Commission 1.00$ per lot

Deposit and Withdrawal Review

Brokers offer a wide variety of deposit and withdrawal channels to choose from, meeting the needs of customers from many countries as follows:

Supported deposit/withdrawal channels

• VISA

• VISA Electron

• MasterCard

• Skrill

• Giropay

• Qiwi

• WireTransfer

• Immediately

• Neteller

• Neosurf

• thaw

• Diners Club International

• Postepay

• iDEAL

Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

• E-mail:[email protected]  

• Facebook:https://web.facebook.com/OspreyFX1 

• Telegram :Telegram: Contact @ospreyfxofficial

• Supported languages:England

Broker Review Overview Summary

Overall, OspreyFX is an interesting Forex broker. With a wide range of trading assets, a unique trading platform such as TradeLocker, and 4 types of accounts to choose from, there are options for both large and small investors. However, there is a disadvantage in terms of licenses that are not obtained from any reliable organizations, so you may have to study and weigh the reliability carefully before deciding to invest.

OspreyFX FAQ

1. What platforms can I use to trade Forex?

Answer: You can trade via the TradeLocker platform.

2. How many types of accounts are there to choose from?

Answer: There are 4 types of accounts to choose from: Standard, Pro, VAR and Mini.

3. What assets are available to choose from?

Answer: There are assets available for trading on the market.Forex, Cryptocurrencies, Commodities, Stocks & Indices

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