OspreyFX Review

OspreyFX is a forex broker registered in 2019. It’s an offshore ECN broker. There are mixed feelings about it because It’s unregulated. This is totally understandable because that means your funds are not fully protected.

OspreyFX operates under the Osprey Ltd company. The company number is 25288 BC 2019. The registration address is Beachmont Business Centre, Suit 4, Kingstown st, St Vincent and the Grenadines, K001.

OspreyFX Pros and Cons

Is OspreyFX Secure?

OspreyFX is not regulated by any financial authority. Even though they work with many trusted providers that can give credit to their legitimacy, we can’t be 100% sure.

Trading with an unrelated broker comes with risks. If you encounter any type of issues, like losing your money, you’re on your own.

Markets and Products

OspreyFX offers all trading instruments TradeLocker offers such as:

• Forex
• Forex Mini
• Commodities
• Cryptocurrencies
• Indices
• Metals 
• Stocks
• Energies

Cryptocurrencies

BTCUSD	BITUSD	DASHUSD	EOSUSD
ETHUSD	LTCUSD	NEOUSD	XMRUSD
ZECUSD	BATUSD	BCHUSD	BNBUSD
SOLUSD	AVAUSD	OMGUSD	IOTAUSD
ETCUSD	ADAUSD	DOTUSD	TRXUSD
XLMUSD	XRPUSD	DOGEUSD	SHBUSD

Energies

NGAS

UK, OIL

US, OIL

Indices

SPX500	UK100	FRA40
US30	ESP35	NAS100
DAX	EUSTX50	JPN225

Metals

XAGUSD	XPTUSD	COPPER
XAUUSD	XAUEUR

OspreyFX Fees and Charges

OspreyFX doesn’t charge any deposit and withdrawal fees. But there might be fees associated with the payment methods provider. When it comes to cryptos, network fees apply.

When trading cryptocurrencies, metals, and energies on a standard ECN account, the commission fees are set based on the trading account type.

Majors, Crosses, and Exotic Pairs (Standard Currency ECN Account)

Trading Account Type	Commission Fee (per lot)
Standard	7.00
Pro	8.00
Mini	0
Var	100

Majors, Crosses, and Exotic Pairs (Bitcoin ECN Account)

Trading Account Type	Commission Fee (per lot)
Standard	1500 BIT
Pro	1500 BIT
Mini	0 BIT
Var	15 BIT

OspreyFX Leverage Options

Trading Instrument	Leverage
Stocks	1:20
Cryptos	1:100
Metals	1:200
Indices	1:200
Energies	1:200
Forex	1:500

If your trading account has equity of 500k USD, the leverage is:

Trading Instrument	Leverage
Stocks	1:20
Cryptos	1:50
Metals	1:50
Indices	1:50
Energies	1:50
Forex	1:200

OspreyFX Account Types

OspreyFX offers five trading accounts:

• Demo Account 
• Mini – Minimum deposit is $25
• Standard – Minimum deposit is $50
• Variable – Minimum deposit is $250
• Pro – Minimum deposit is $500

How to Open an Account

Opening an account is quite easy. VIsit the website, and click the Sign up button. After that, you’ll need to complete the form, and submit KYC documents. Deposit the amount you want and start trading. Easy!

Trading Platforms

OspreyFX offers only one trading platform, TradeLocker. This is a new alternative to MT4 and MT5. It’s a great trading platform suitable for everyone. It’s easy to use, offers many features and it supports over 500 tradable assets.

Mobile Trading Platform

You can download the Tradelocker platform on both Android and iOS devices. Just scroll down the website and click on the link that either says Tradelocker for iOS or Trade Locker for Android.

OspreyFX Research Tools

There is no information regarding the research tools at OspreyFX.

OspreyFX Educational Content

You can find many learning materials on the OspreyFX Instagram account. They seem to cover everything, from mini guides for trading platforms, how to’s and general tips and tricks about trading. Although they mostly post educational content on their Instagram account, they have other social media platforms you can find information on like Facebook, X, Discord, etc.

Besides all this, they also have a learning platform on their website, webinars and video tutorials. They offer competitions where you can win prizes. Also, they offer weekly promotions. OspreyFX really stands out when it comes to educational content.

Customer Service Overview

There are several ways you can contact the OspreyFX customer support:

• Live chat
• Go to the “contact us” page and write a message
• Email at: support@ospreyfx.com
• And request a callback

OspreyFX Deposit and Withdrawals

The deposit methods OspreyFX offers are:

• Bitcoin
• Credit/Debit Cards
• Litecoin
• Ethereum
• USDT
• USD Coin
• DogeCoin
• Ripple

When it comes to withdrawal methods you can use Credit/Debit Cards, Bitcoind and USDT. 

Payout Times at OspreyFX

The withdrawal time at OspreyFX depends on the network’s traffic.

OspreyFX Online User Reviews and Ratings

OspreyFX has a 3 star rating at Trustpilot. The reviews are definitely mixed, with 57% 5 stars, and 37% 1 star ratings. Many people praise the customer support, spreads, fast withdrawals, etc. Unfortunately many people claim that they never got their withdrawals, or that the platform lags a lot.

Author Opinion on OspreyFX

OspreyFX seems like a broker that offers a lot. One of the best things they offer is the educational content. Not many brokers have that, especially that good. But, OspreyFX is not regulated. You can’ trust it 100%. Trading with unregulated brokers carries many risks you either are ready to take or not. 

If you prefer, or already traded with unregulated brokers, and don’t mind the risks that come with it, then OspreyFX is for you. Obviously, if that’s not the case, then rather skip it. It’s always good to read and inform yourself on the broker that catches your interest and then choose whether you want to try it or not. 

Frequently Asked Questions