OspreyFX Review 2024

OspreyFX Review 2024

Trade Forex, Crypto, Stocks, Indices, Commodities all in one place & with even Tighter Spreads.
Home » OspreyFX Review 2024

OspreyFX is registered in 2019. It’s an offshore ECN forex broker. Real user reviews about OspreyFX are mixed. Some traders don’t like the broker’s regulatory status, others like their offers, features and overall performance. Let’s check some of the features:

  • Leverage: 1:500 for Forex and Metals, 1:100 for Cryptos, 1:200 for Energies, 1:50 for Indices, and 1:20 for Stocks.
  • Assets: 120+ assets, 0% deposit fees, tight spreads from 0.1 and 0.01 micro lots. 
  • Minimum deposit starts from $10 to trade stocks, indices, commodities, and cryptocurrencies & from $25 for trading currency pairs. 
  • OspreyFX has Margin Call and Stop Out Level of: 100% / 70%

OspreyFX is under Osprey Ltd company. The Company Number is 25288 BC 2019, and it is registered at Beachmont Business Centre, Suite 4, Kingstown st, St Vincent and the Grenadines, K001.

  • Competitive trading conditions
  • Strong data security procedures
  • Good customer service
  • Lack of regulation by a financial authority with strict standards
  • Mixed user reviews

Is OspreyFX Regulated?

No. OspreyFX is not regulated by any financial authority, so there are no strict standards. This can be an issue for some traders since there is no accountability. Meaning in case of any issues, you are on your own. They work with many trusted providers, such as Lmax, Charter Prime, and Bitfinex which kind of gives some credit to their legitimacy. 

Markets and Products

OspreyFX offers trading on TradeLocker across markets. It provides you access to investment products such as: forex, commodities, indices, metals, etc. OspreyFX also offers funded accounts where traders can keep up to 80% of profits. Their Prop Funded account options is explained in detail on this video: 

OspreyFX Fees and Charges

There are withdrawal fees and trading fees, so make sure you check their terms and conditions to see if this fits you. One sample of their fees is that they charge $25 for banking fees on withdrawals of up to 5K

OspreyFX Spreads and Commissions

The spreads on the OspreyFX trading platform start at 1.0 pips on Mini Accounts, trading 29 currency pairs with a commission of $1 per lot. Spreads on Variable Accounts start from 1.2 pips and allow trading in 55 currency pairs without commission. 

Standard accounts have spreads starting from 0.8 pips and can trade up to 55 currency pairs with a commission of $7 per lot. The spreads on Pro Accounts start from 0.4 pips, and 55 currency pairs can be traded with a commission of $5 per lot.

OspreyFX Account Types

OspreyFX offers 5 trading accounts ( including demo). A Standard account needs a minimum deposit of $50, a PRO account a deposit of $500, a VAR account, which comes with 0 zero but higher spreads, a deposit of $250, while a Mini account can be opened with an initial deposit of $25. Check the table below for a quicker overview. 

Account TypeMinimum Deposit

How to Open an Account

Go to their website, click on the Sign up button, complete the form, and submit KYC documents. Finally, deposit and you can start trading.

Trading Platforms

OspreyFX offers you a Tradelocker platform. Tradelocker is a new alternative platform to MT4 and MT5. It has a user-friendly interface and TradingView integration.

OspreyFX Educational Content

OspreyFX has a Trading learning platform on their website, video tutorials, and webinars. One of the cool features they offer are the competitions. Here you can participate and win different rewards. Their weekly promotions are especially interesting. Feel free to check them out: 

OspreyFX iPhone giweaway

Customer Service Overview

This broker has very responsive customer support. They are available through live chat, so feel free to ping them in case you have questions or you need help. They are also very fast to respond on the Trustpilot platform and their social media profiles.

Restricted Countries

Because of the local restrictions, residents from Burma, Congo, Cuba, the Democratic Republic of Congo (Republic of Zaire), Iran, Iraq, Japan, Lebanon, Libya, Malta, North Korea, Somalia, Sudan, Syria, Vietnam, and Zimbabwe, are not allowed to trade on OspreyFX.

OspreyFX Deposit and Withdrawals

OspreyFX has competitive fees and efficient processing times for all their deposit and withdrawal methods. Check more details below: 

Deposit Methods

  • Bank Wire: Free
  • Credit/Debit Card: 2% fee
  • Bitcoin, Crypto
  • Credit/Debit Cards
  • PayRedeem
How to Deposit: 
  • Login/Sign Up
  • Go to Deposits
  • Choose Method and follow the instructions
  • Process a Deposit
  • Log In and trade

Withdrawal Methods and Payout Times

  • Bank Wire: 3-5 business days
  • Credit/Debit Card: 3-5 business days
  • Crypto wallet
How to Withdraw: 
  • Sign-up and Login
  • Navigate to Withdrawals
  • Choose Method and follow the instructions
  • Process Withdrawal

When you transfer from your OspreyFX Wallet to your bank account, they charge $25 for banking fees on withdrawals of up to 5K. Wire transfers can take up to 6 days but they process it on their end during 24h after the request is made.

OspreyFX KYC

You need to verify your account at OspreyFX when you get the $2000 deposit limit or if you hit the 30-day time frame. Once you verify the account, you can make new deposits and create more trading accounts. You can’t withdraw funds from your OspreyFX Account until you complete their Verification Process.

OspreyFX Online Real User Reviews and Ratings

OspreyFX receives mixed user reviews, with positive feedback on trading conditions and customer service, but concerns about regulation and potential issues with withdrawals.OspreyFX has a 2.9/5 score on Trustpilot from 138 reviews. 

OspreyFX reviews

Author Opinion on OspreyFX

OspreyFX offers competitive trading conditions and detailed educational resources. But, the fact that they are not regulated, and mixed user reviews raise questions about their credibility. They do have some good offers, but make sure this way of trading fits your style if you choose to work with them.. 

In the Meantime, check some alternative: Regulated brokers that you might like more: 

Regulated Brokers we Recommend 

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Frequently Asked Questions

Can I trust OspreyFX?

Maybe? The fact they are not regulated is actually what lowers the users trust. 

What is the minimum deposit at OspreyFX?

$10 on Mini. The minimum deposit varies based on the chosen account type, so check all sums above under the title: Account Types. 

How long is OspreyFX withdrawal?

Withdrawal depends on the selected payment method, but they usually go from 3 to 5 days.

Which currencies does OspreyFX support?

OspreyFX uses USD, EUR, GBP, CAD, AUD, and BTC as base currencies. 

Does OspreyFX have a demo account?

Yes. You can use a demo account to check their services and get a bit more familiar with trading.. 

Does OspreyFX have Islamic account?

Yes, Islamic accounts also known as swap-free accounts are available with OspreyFX.

Is OspreyFX Sharia compliant?

Yes, OspreyFX offers 100% Sharia law compliant trading accounts for investors in need. 

Welcome Bonus
10% Deposit Bonus
Min Deposit: $10
Licensing & Safety
Bonuses & Promotions
Customer Support
4.8 Overall Rating

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OspreyFX Review 2024