OspreyFX Review
OpsreyFX
OspreyFX, one Forex and CFDs broker wey dem start for 2018, dey operate without regulation. Dem talk say dem dey ECN broker wey dey true, dem offer different things for trading like Forex, Crypto, Stocks, Indices, and Commodities. As dem join ECN and STP models, dem no dey use dealing desk and dem send orders direct to liquidity providers. Di company dey based for Saint Vincent and the Grenadines and dem neva get license. Traders' reviews talk about how dem dey do satisfactory trading services but dem talk about how dem fail for funded account program. We dey recommend say make you use OspreyFX only for trading services and avoid their funded account challenge. Dem dey offer support through live chat and online form, but for now, their website and support services dey available only for English. Di broker dey always dey develop and improve their platforms, na im make negative feedback come dey. Dem get different payment options, like Visa, MasterCard, wire transfers, Skrill, sofort, giropay, and Bitcoin, for account funding. Bitcoin and online payments dey quickly, but wire transfers fit take time and e fit attract fee of over 25 USD. OspreyFX talk say dem dey use separate bank accounts for client money, but dem no get negative balance protection. Dem dey offer two-factor authentication to dey make sure say client data dey secure well well. Dem also dey charge fee of 10 USD or e equivalent for month after 90 days of inactivity.
Countries
Afghanistan, Albania, Algeria, Andorra +174 more
Regulations
Account currencies
BTC, USD
Assets
CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals
Platforms
MT4, MT5
Deposit methods
AstroPay, Bank Transfer, Credit Card, Crypto, Neteller, PayRedeem, Sofort
Others
Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Micro Lots, Negative balance protection, STP, Swap-free
Promos
Visit brokerOspreyFX dey provide about 120 trading instruments and dem get four different types of trading account. Di spreads wey dey usual for major pairs dey competitive, dey range from 0.7 pips on EURUSD to 1 pip on NZDUSD, dem dey for inside industry average. Di broker no dey charge any commission for trading. But di koko be say dem no get account wey e dey zero spreads for small commission.
For OspreyFX's MT4 and MT5 platforms, traders fit use wide range of assets, like 55 Forex pairs, 9 indexes, 9 commodities (metals, oil, and soft commodities), 37 stocks as CFDs, and 31 cryptocurrencies. Recently, di broker gats add the MT5 platform wey get advanced features for traders.
Di trading platforms wey dey available na Standard, Pro, VAR, and Mini. Most trading accounts get trading commissions per lot wey trader fit trade and spreads wey dey relatively higher, dis one fit no favour traders. Di Standard account require initial deposit of 50 USD, di spreads fit start from 0.8 pips and e get trading commission of 7 USD per lot round turn. Di Pro account na minimum deposit of 500 USD, spreads fit start from 0.4 pips, and e get trading commission of 8 USD per lot. Di VAR account na minimum deposit of 250 USD, spreads fit start from 1.2 pips, and dem no dey get trading commission. Di Mini account na minimum deposit of at least 25 USD, spreads fit start from 1 pip and e get trading commission of 1 USD per lot round turn.
OspreyFX's trading platforms dey available for desktop, mobile, and web devices, so dem fit support traders for all di platforms. Di broker still gats provide Forex calculators and dem also introduce beta version of TraderLocker, their own trading platform. To summarize everything, OspreyFX still be relatively small broker wey dey try to dey bring new things and offer new features, e get average trading conditions and e get positive reviews from traders for their trading services, while negative feedback na im dem get for dem funded accounts.
