June 05, 2020

Top Forex Brokers

Updated Review of OspreyFX Broker

Reviewed broker: OspreyFX

Established in 2019

Location: Beachmont Business Centre, Suite 4, Kingstown, St. Vincent and the Grenadines

Operating under: OspreyFX Ltd.

Regulation: OspreyFX is currently not regulated. We strongly suggest to trade with brokers that have  European Union, USA, UK, Canada, Australia or Japan regulation.

ECN / STP: claims to be STP

Trading instruments: Forex, CFD’s, Stocks and Cryptos including Bitcoin

 

Trading Conditions

Maximum leverage up to 1:500

Minimum lot 0.01

Commission of 3,5 USD per standard lot traded.

Crypto pairs: 30+, such as  Bitcoin, Ripple, Dash, Eidoo, EOS, Ethereum, IOTA, Litecoin, NEO, OmiseGO, Santiment, Monero and Zcash

Currency pairs: 100+ with lots of exotic and minor like USDZAR, USDTRY, USDSGD, USDSEK, USDRUB, USDPLN, USDNOK, USDMXN, USDILS, USDHUF, USDHKD, USDDKK, USDCZK and USDCNH.

Average EUR/USD spread is 0.1 pips, although during our review, we have noticed that the spreads were much wider than promised. 

Liquidity at an institutional level from top banks

At OspreyFX, traders can trade on institutional grade liquidity from the top investment banks, as well as from completely transparent dark pool liquidity execution venues. This means that you will be able to trade on ultra-tight spreads, starting at 0.0 pips. Get started today and trade together with the largest banks and financial institutions in the world, with all of your orders being processed directly through our genuine ECN trading environment.

Trading Platforms

Our powerful Metatrader 4 trading system allows you to utilize even the most complex strategies. 

The market and pending orders, instant execution and trading directly from a chart, stop orders and trailing stop, a tick chart and trading history — all these important features provided. 

With MetaTrader 4, trading instantly becomes versatile and hassle-free. 

  • 3 Execution modes
  • 2 Market orders
  • 4 Pending orders
  • 2 Stop orders and a trailing stop  

Payment Options 

Minimum deposit requirement $10

Withdrawing to your Credit or Debit Cards

The total amount you fund your OspreyFX account with, using your chosen Credit or Debit card, is the total amount we are legally allowed to return to that card. You can take all other profits out using either Bitcoin or Wire/Bank Transfer. The cap we are allowed to send back to your Credit card or Debit card is set by anti-money laundering guidelines, not by OspreyFX.

There are no fees to withdraw your funds back to your credit/debit card, however, your profits may incur withdrawal fees depending on which withdrawal method you choose. 

Credit/Debit Card 0% 

Wire Transfers $25 

Bitcoin (BTC) 0% 

ACH $12 

Other Withdrawal Methods $0-$20* 

*There may be alternative deposit methods that will incur fees. Please contact support on Live Chat in advance should you require more information. Skrill not accepted as a payment method.

Segregated Fund Accounts

Any and all funds deposited by our clients are held either in the name of the client and/or held in the name of OspreyFX for the client in an independent bank account. Furthermore, we keep segregated accounting records in our system. This ensures that our own funds and assets and client funds are tracked separately.

At any time, we can quickly and accurately distinguish the funds which are being held for one client from those being held for another, as well as being able to distinguish our own funds. Client funds are kept off-balance and are never used to pay creditors in the unlikely event that OspreyFX were to close its doors.

Banking With Tier-One Banking Institutions

OspreyFX works closely with its payment service providers to ensure fast and flawless deposits and withdrawals. We are currently working with banks worldwide, including top financial institutions. OspreyFX clients can rest assured that fund security, execution, and client support are of the utmost importance to us.

Risk Management

OspreyFX regularly pinpoints, analyzes, monitors and regulates each type of risk connected with its day-to-day operations. This includes evaluating on an ongoing basis the performance of the policies and procedures which we have in place. This allows OspreyFX to be able to cover all of our financial and capital requirements with ease. 

How was the rating of OspreyFX performed compared to other brokers? 

This 2020 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Osprey FX broker performance and features. 

Overall our online OspreyFX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online OspreyFX or you find inaccurate details OspreyFX broker review please get in touch with us and the changes will be applied.