General Information & Regulation
Established in 2019, OspreyFX is an offshore broker located in St. Vincent and the Grenadines. OspreyFX is There is no detailed information about the regulator on the official website of OspreyFX. Traders are not advised to trade with unregulated brokers, as there is limited protection should something goes wrong.
Markets Instruments
OspreyFX offers investors a wide range of popular financial instruments, including mainstream currency pairs, minor currency pairs, exotic currency pairs, US stocks, EU stocks, metals, indices, and cryptocurrencies.
Minimum Deposit
OspreyFX offers five trading accounts, including the Mini (minimum deposit of $25), Standard (minimum deposit of $50), Variable (minimum deposit of $250), and Pro accounts (minimum deposit of $500).
OspreyFX Leverage
In respect to trading leverage, the maximum leverage level offered by OspreyFX is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, therefore, it is a key risk determination for traders to choose right amount.
Spreads & 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.
Trading Platforms
OspreyFX offers traders the flexibility to choose from the MT4 desktop, MT4 iOS, MT4 Android, MT4 Mac, and Web Trader. MT4 is recognized as the industry's most desirable forex trading platform, helping traders customize their trading strategies with powerful charting tools and multiple technical indicators, providing traders of all levels with an excellent trading experience for traders of all levels.
Deposit & Withdrawal
OspreyFX supports the main deposit and withdrawal methods such as VISA, MASTERCARD, wire transfer, Skrill, QIWI, Astropay, GiroPay, etc. Additionally, OspreyFX offers a deposit bonus of 10% of the deposited amount (up to $/€/£5000). The deposit bonus will be received as a credit amount on the client's MT4 account. To transfer a Deposit Reward from the credit account into balance, a Client has to trade at least 1 standard lot per each $€£ 5 of the Deposit Reward collected.