OspreyFX Review

OspreyFX Review

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

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OspreyFX is an unregulated forex broker with headquarters at Saint Vincent and Grenadines. Offshore location allows for the high leverage of up to 500:1. Osprey FX also accepts US traders looking to avoid domestic regulatory restrictions. Deposits and withdrawals are done through the cryptocurrencies only.

TradeLocker is the only trading platform offered by Osprey Broker available for desktops and mobile. All trading styles are supported including news spike trading, scalping, and algorithmic EAs.

OspreyFX offers over 55 forex currency pairs, over 30 cryptocurrencies (including popular Bitcoin, Litecoin, and Ethereum), and over 125 stock indexes, precious metals, and commodities CFDs.

Please read OspreyFx Reviews below and share your live trading experiences with this broker.

LocationSt. Vincent and the Grenadines
RegulationNo effective regulation at this time
Years in Establishment2-5 years
Trading InstrumentsForex 55, Indices 9, Commodities 9, Stocks 37, Cryptos 31
Minimum Initial Deposit$25
Maximum Leverage1:500
Minimum SpreadStarts from 0.1 pips
Trading PlatformsMT4 & MT5 for desktop, Mac, Android, and WebTrader
Deposit and WithdrawalCredit or Debit card, Bank Transfer, or Cryptocurrency
Customer ServiceAvailable 24/7; Submit a ticket, email, call back, Facebook, Twitter, Instagram, Telegram
Fraud Complaints ExposureYes
OspreyFX devices

OspreyFX Commissions and Fees

OspreyFX offers trading commissions based on the account type. You have the option to choose fixed commission plans. These come with lower bid-ask spreads.

  • Standard Accounts have no commission fees but rely on a bit higher spreads. This structure can fit you if you are trading casually and not executing trades frequently.
  • ECN Accounts have a fixed commission cost but benefit from lower bid-ask spreads. This can be more cost-effective if you’re an active trader and for scalpers.

Trading Costs Breakdown:

Account TypeCommissionAverage Spread
ECNFixed FeeLower

Non-trading fees can impact overall trading costs. OspreyFX might have fees related to deposits, withdrawals, and account inactivity. Specific stock and index trading fees are higher, with fees at $7 per lot.

Trading Conditions

  • EAs/Robots: Yes
  • News Trading: Yes
  • Scalping: Yes
  • 200+ Diverse Trading Instruments
  • Multiple Payment Methods
  • $10 Low Minimum Deposit
  • Multiple Account Types
  • Competitive Trading Costs
  • Unregulated Broker
  • Trading Costs on Certain Accounts
  • CFD Trading Only 

Trading Platforms

OspreyFX offers only the TradeLocker platform. TradeLocker is a web-based & mobile friendly platform.

Customer Support

Here are key points from customer feedback:

  • Live Agent Response: Quick and helpful, resolving issues on the spot.
  • Email Support: [email protected] is available for more detailed inquiries.
Contact MethodDescription
Live AgentPrompt service
EmailFor detailed queries

Customers rated the overall support as “Great” on review platforms, with a score: 4.1 out of 5. OspreyFX provides a reliable customer support system with multiple contact options, making sure that trading remains uninterrupted and that you are supported at all times.

Payment Options

OspreyFX offers the following options:

  • Bank Wire Transfers
  • Credit Cards
  • Debit Cards
  • Cryptocurrency


  • Minimum Deposit
  • Multiple Currencies
  • Variable Fees depending on the Account type. 


  • Bitcoin & USD with more options available on request. 

Login and Registration

Check out the steps to open an account:

  1. Go to the OspreyFX official website.
  2. Click on the ‘Sign Up’ button.
  3. Provide full name, email address, and phone.
  4. Set up a username and password.
  5. Verify your email address by clicking on the link sent to your inbox.
  6. Complete the KYCby providing IDs.
  7. Make a minimum deposit that fits your selected account.
  8. Login and start trading.

Once registered, you can go to your account through the OspreyFX login page. The initial setup is as simple as possible, so you won’t have to wait to start trading. 

Account Types

OspreyFX offers 4 main account types: Standard, PRO, VAR, and Mini. There are also a Demo account and Islamic account options. OspreyFX has one more offer, that is the Funded account, in order to get this one, you would need to pass the challenge.  

Account TypeCommissionSpread TypeIdeal For
PROYesLowerHigh Volume & Experienced Traders
VARNoneVariableDirect Spread Costs Traders
MiniNoneStandardNew & Low Capital Traders

Mobile Trading on OspreyFX

OspreyFX provides its users with the flexibility to trade on-the-go through its support for mobile trading platform Tradelocker. B

The OspreyFX mobile application allows you to:

  • Analyze markets: Use technical indicators.
  • Execute trades: Open, modify, and close positions.
  • Manage accounts: Monitor balance, equity, and margin levels.

Key Features:

  • Real-time pricing: Keeps you up-to-date with the latest market movements.
  • Interactive charts: You can study financial instruments in detail.
  • Trade history: You can review your past trading activity.

Trading Instruments

OspreyFX has a selection of over 120 instruments. Below is a summary of the instrument categories available for trading:

CategoryInstruments Available
ForexMajor, minor, and exotic pairs
IndicesGlobal market indices
CryptocurrencyPopular digital currencies
MetalsGold, silver, and other precious metals

OspreyFX Main Features

OspreyFX is a broker that has gained a lot of attention in the forex community because they have amazing offers. Below is a table with OspreyFX main features:

Country of regulationSt. Vincent and the Grenadines
Withdrawal feeVaries on the method used
Minimum deposit amount$10
Available base currenciesMultiple including Bitcoin, USD, EUR, GBP
Time to open an accountRelatively quick process
Demo account availableYes
Products offeredForex, Commodities, Stocks, Indices, Cryptocurrencies

OspreyFX Spreads

Here’s a quick breakdown of the OspreyFX accounts and spreads and commissions:

Account TypeSpreads Starting FromCurrency Pairs AvailableCommissions
Mini1.0 pips29$1 per lot
Variable1.2 pips55No commission
Standard0.8 pips55$7 per lot
Pro0.4 pips55$5 per lot

Is OspreyFX Safe?

OspreyFX is a company registered in St. Vincent and the Grenadines. It is important that you know that being registered doesn’t mean the broker is regulated by a government.

The lack of regulation can often lead to increased risks, as regulated brokers need to hold up to the strict financial compliance standards. 


  • Registration: St. Vincent and the Grenadines
  • Regulation: None

Before you choose any broker, you should consider your own risk tolerance and do your research. Check user experiences, customer service responsiveness, and understand implications of trading with an offshore and/or non-regulated entity.

Who is This Broker for?

OspreyFX is an ECN broker and its services are focused on high leverage and a low entry barrier. This might be interesting if you are:

  • Beginner Trader: With a minimum $25 deposit, OspreyFX is a pretty good start for traders new to forex and CFD trading.
  • Experienced Trader: If you have more trading experience, you can take advantage of their 1:500 leverage. Since this gives you the opportunity to make bigger trades with less capital.
  • Crypto Enthusiast: If you’re a crypto trader, you can do crypto trading along with the traditional currency pairs.
  • Diverse Portfolio Trader: If you need multiple assets and if you are interested in a wider investment portfolio build ups.  Check out assets such as CFDs on forex, commodities, indices, cryptocurrencies, US shares, and EU shares.

The OspreyFX broker has a strong user base that mostly values flexible trading conditions and diverse range of instruments and markets.

Educational Resources

Here is a quick overview of OspreyFX’s educational materials:

  • Learning Platform: A resource hub on OspreyFX’s website for all levels, but mostly beginners.
  • Video Tutorials: Videos covering a wide range of trading topics..

OspreyFX wants to support traders in improving their skills and make more profitable trades since this benefits the company as well. .

Real User Reviews and Ratings

Pros mentioned in reviews:

  • User-friendly interface
  • Simple deposit and withdrawal processes
  • High leverage available
  • Accepts US traders

Cons highlighted by users:

  • Non-regulated status of the broker
  • Potential risks associated with offshore brokers

Social Media

OspreyFX uses social media platforms to offer support and help their traders by building strong online community at the same time. 

Here is an overview of OspreyFX’s social media profiles:

  • Twitter: https://twitter.com/ospreyfx 
  • Facebook: https://www.facebook.com/OspreyFX1/
  • Instagram: https://www.instagram.com/osprey_fx/

Regulated Brokers Similar to OspreyFX

Cryptocurrency Trading
40+ currency pairs
Min Deposit: $100



With a low minimum deposit requirement, OspreyFX is very accessible to new traders. Yet, for the security-conscious peeps, the unregulated status of OspreyFX can cause issues. It raises questions about the funds security.

The account types and mobile trading fit various trading preferences and styles. When you consider OspreyFX, check the advantages of low operational costs and trading flexibility with the potential risks associated with the lack of regulation.

Frequently Asked Questions

What are the pros and cons of trading with OspreyFX?

Pros: Traders with OspreyFX enjoy high leverage options, up to 1:500  The broker supports mobile trading and offers low to zero commission account types.
Cons: OspreyFX is unregulated.

Is OspreyFX Allowed in the USA?

OspreyFX accepts US traders who trade with higher leverage. 

What country is OspreyFX from?

OspreyFX is located in Saint Vincent and the Grenadines, a known offshore location for forex brokers.

How Long Does OspreyFX Withdrawal Take?

Withdrawal times at OspreyFX can vary. This depends mostly on the third party. OspreyFX processes all withdrawals on their end in 24h. 

What is the minimum deposit for OspreyFX?

OspreyFX requires a minimum deposit of $10. 

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

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OspreyFX Review