OspreyFX Review

OspreyFX Review

✅Low spreads
✅500:1 Max Leverage
✅Responsive customer support
✅A wide range of tradable assets

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Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

Established and founded offshore in 2019 as an ECN broker, OspreyFX attracts traders with amazing bonus offers and good trading conditions. The company is located at St. Vincent and the Grenadines.

Essential Broker Information 

Broker DetailsDetails
Minimum Trade Size0.01
LeverageForex and Metals: Up to 1:500Cryptocurrencies: Up to 1:100Energies: Up to 1:200Indices: Up to 1:50Stocks: Up to 1:20
Tradable Assets Over 120
Margin PoliciesMargin Call and Stop-Out Level at 100% and 70%
Minimum to Open Live$25
AddressBeachmont Business Centre, Suite 4, Kingstown, Saint Vincent And Grenadines
Contact[email protected]
Restricted countriesBurma, Congo, Cuba, the Democratic Republic of Congo (Republic of Zaire), Iran, Iraq, Japan, Lebanon, Libya, Malta, North Korea, Somalia, Sudan, Syria, Vietnam, and Zimbabwe.

Expert Opinion

OspreyFX has low minimum deposit requirements and high leverage options.  The option of 1: 500 leverage is actually helping you to open larger positions with smaller capital. Available minimum deposit is also a good thing if you don’t wish to risk too much money and test the trading waters. 

Platform they offer is TradeLocker and it is the only platform available, so if you are using another platform, this broker may not be a good choice. Also, being an offshore broker it can serve traders from many countries except those listed above. But keep in mind the broker is unregulated so in case of any issues, there won’t be any legal entity that you can complain to. 

OspreyFX Benefits and Downsides


  • Low $25 Minimum Deposit
  • Access to TradeLocker.
  • 120+ Trading Instruments
  • Trade on Mobile 
  • Zero-commision trading account 


  • Regulatory Status
  • Leverage Risks
  • Offshore Broker

OspreyFX Security and Regulation

OspreyFX is an online broker, but it doesn’t have official regulation. OspreyFX is not regulated. But, they have security measures to keep your funds and personal data safe. The lack of regulation can put off some traders since there is no oversight and protection that regulated entities provide.

  • Security Measures in Place:
    • Digital security protocols for data protection
    • Segregation of client funds from company funds
  • Concerns and Considerations:
    • Absence of regulatory oversight
    • Increased risk without investor protection schemes

OspreyFX operates following a Straight Through Processing (STP) model. This way they are forwarding client trades directly to liquidity providers. On their website, they offer security features like safe login and ssl encryption as well as other data transfers.

Investment Opportunities

OspreyFX provides CFD trading across markets.

Markets and Instruments:

Leverage across these markets can increase investment potential, but it comes with a risk.

Market TypeInstruments AvailableLeverage
Forex55+ Currency PairsUp to 1:500
CryptocurrencyBitcoin, Ethereum, LitecoinUp to 1: 100
CommoditiesGold, Silver, OilVaried
Indices & StocksMajor World Indices, Selected StocksVaried
Metals & EnergiesMetals, Energy SourcesVaried

Initial deposit is set at $10 for starting a live trading account, which makes it a very affordable option on the market.

OspreyFX Commissions and Spreads

OspreyFX offers different account types, each with its own structure for commissions and spreads. 

The table below summarizes the costs for different account types at OspreyFX:

Account TypeTypical SpreadRecommended Min. DepositForex pairsCommission Per Lot
StandardFrom 0.8$5055$7.00
PROFrom 0.4$50055$8.00
VARFrom 1.2$25055$0.00
MiniFrom 1.0$2529$1.00

Trading Fees

OspreyFX has a tiered fee structure which depends on the account type. For CFD and forex trading, they have a model which combines both a fixed commission and variable spreads. Plans with higher commissions offer lower bid-ask spreads, and the accounts without commission have wider bid-ask spreads.

Forex fees are closely related to the spread model. OspreyFX doesn’t charge an explicit Account Fee for maintaining an account on their platform.

Account Types

OspreyFX has 4 distinct account types plus a demo and islamic account. Each account is designed to meet different trading needs and budgets. The account options include:

  • Standard Account: This is a general-purpose account.
  • PRO Account: For more experienced traders. This account has a higher minimum deposit.
  • VAR Account: This account offers variable spreads.
  • Mini Account: Ideal for new traders or those with  limited capital. You can start trading with a lower minimum deposit.

Features Across Account Types:

  • Access to TradeLocker platform
  • Trade popular currency pairs and CFDs
  • Educational materials provided

Minimum Deposit Requirements:

  • Micro Account: $25
  • PRO Account: $500
  • Standard and VAR Accounts: Varying deposits

ECN Account Features 

Check the table below to see all the ECN Account Features OspreyFX has: 

Execution TypeMarket Execution
Trading ModelECN STP
Max. Leverage1:500
Min. Trade Size0.01
Max. Trade Size1000 lots
Available InstrumentsFX, Indices, Commodities, Metals, Stocks, Cryptos
Trading PlatformsTradeLocker
Margin Call100%
Stop Out Level70%

Trading instruments are similar across the account types, but they differentiate for currency trading. 

Trading Platforms

TradeLocker: OspreyFX offers a TradeLocker platform that is tailored for traders who prefer web-based trading with mobile compatibility. Features include:

  • Accessibility: Operate on any device with internet access
  • User Experience: Clean design for efficient trading
  • Functionality: Advanced features for placing and managing trades

TradeLocker presents an alternative if you want a trading platform directly from the broker.

Payment Options

OspreyFX offers bank wire transfers and credit cards, as well as modern e-payment platforms and cryptocurrency transactions.

  • Bank Wire Transfers
  • Credit Cards
  • Cryptocurrency
  • Skrill
  • Giropay
  • AstroPay 
  • Neteller 
  • PostePay and others…

Login and Registration

Open an Account with OspreyFX in 7 easy steps:

  1. Go to the OspreyFX website.
  2. Click on the Sign Up button.
  3. Fill in the registration form: full name, email address, and phone number.
  4. Create a secure password.
  5. Verify the email address through a confirmation link sent to the provided email.
  6. Upload identification documents.
  7. Wait for your account to be verified. 

Once the registration is successful, you can now log in: 

  1. Go to the website 
  2. click on the Login button that is in the right corner next to the Register button. 
  3. After that, you will see a form where you need to enter your email address and password you used to register. 
  4. After that click on Sign in and that is it. 🙂 
OspreyFX login

Mobile Trading on OspreyFX

OspreyFX offers a mobile trading platform called TradeLocker. This platform is web-based and is designed to be fully compatible with mobile devices. This means you don’t need to make a download. You can:

  • Access TradeLocker from your mobile phone. 
  • Trade on desktop and mobile

The mobile trading on OspreyFX is very efficient and they offer you 24/7 customer support. It is important to note that while mobile trading platforms are equipped with various tools and features, users should ensure they have a stable internet connection when trading on the move.

Trading Instruments 120+

Total number of instruments is over 120. Here’s a  quick overview of the trading instruments:

Asset ClassInstruments
Forex80+ pairs
Indices10+ indices
Cryptocurrency10+ cryptos
MetalsGold, Silver, etc.

The broad asset trading options make OspreyFX a good platform if you are looking for a diversified portfolio. 

Who is OspreyFX for?

OspreyFX is for traders interested in high-leverage forex and CFD trading. Here’s a breakdown of the types of traders and how suitable the OspreyFX is for them:

Trader ProfileSuitability for OspreyFX
Experienced in High LeverageIdeal
Has High-Risk AppetiteSuitable
Seeks Diverse AssetsSuitable
Prefers Low Initial CapitalIdeal
International TraderDepends on acceptance of offshore regulation
Enjoys TechnologyIdeal

OspreyFX Unique Features

OspreyFX stands out in the online forex and CFD trading space with several distinct features. Check out the table of OspreyFX Unique Features:

Country of RegulationSt. Vincent and the Grenadines
Inactivity FeeNot clearly specified
Withdrawal FeeVaries based on the method
Minimum Deposit Amount$10
Available Base CurrenciesMultiple, including USD and cryptocurrencies
Bank Card DepositsSupported
E-wallet DepositsSupported including options like Neteller and Skrill
Time to Open an AccountTypically fast; can be done within the same day
Demo Account AvailableYes
Products OfferedForex, Cryptocurrencies, CFDs, Commodities, Indices

Is OspreyFX Safe?

Yes. OspreyFX is an Electronic Communication Network (ECN) broker, which usually gives transparency in the trades execution. The firm offers Contracts for Difference (CFD) on financial instruments, including forex, commodities, cryptocurrencies, stocks, and indices.

Platform Security: OspreyFX has access to the widely recognized Tradelocker platform, which includes industry-standard security features.

Customer Feedback: Customer reviews are often used as an indicator of trustworthiness. According to various reviews we found online, the platform is user-friendly and accessible.

But keep in mind this broker is unregulated so in case of any issues, you can’t actually do much except deal with the broker support. 

Educational Resources

Here is a summary of their educational offerings:

  • Learning Platform: A resource center on their website.
  • Video Tutorials: Visual content covering trading concepts and practical strategies.
  • Webinars: Interactive sessions with experts for real-time learning and Q&A opportunities.

The materials are structured for all skill levels, simplifying complex concepts into more accessible content. 

Customer Support

OspreyFX has an attentive customer support system. Support is available 24/7 and you can contact them on: 

  • Live Chat: For instant responses.
  • Email: [email protected] for inquiries requiring detailed explanations.
  • Callback Service: Available for traders preferring to speak directly with a customer support representative.

Real User Reviews and Ratings

Users have expressed various opinions about OspreyFX on platforms like Trustpilot and Reddit. Here’s a summary of key points from user reviews:

SourcePositive AspectsCriticisms & Concerns
TrustpilotEase of use for beginnersLimited withdrawal options, favoring Bitcoin over XRP
RedditResponsive customer supportOffshore status leading to cautionary advice

User experiences have been a mixture of satisfaction and caution, mentioning the platform’s capabilities and limitations.

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Our Take on OspreyFX

OspreyFX is a multi-asset forex broker known for its high-leverage trading opportunities in currency, commodities, stocks, indices, and cryptocurrencies. This broker is attractive to experienced traders who are looking for leveraged positions, with leverage going up to 1:500.

The feedback from users we found online, shows that customer service is responsive and willing to work in the traders best interest. .

Despite these advantages, be aware of the complexities associated with high leverage and the fact that the broker is operating offshore. 

Frequently Asked Questions

Is OspreyFX Allowed in the USA?

Yes, OspreyFX accepts traders from the USA.

What country is OspreyFX from?

OspreyFX has headquarters in Saint Vincent and the Grenadines.

How Long Does OspreyFX Withdrawal Take?

24h. But, the total time may depend on the withdrawal method used.

What is the minimum deposit for OspreyFX?

The minimum deposit required at OspreyFX is $25 and it’s for a mini account. 

Welcome Bonus
10% Deposit Bonus
Min Deposit: $10
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OspreyFX Review