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 ECN forex broker from St. Vincent and the Grenadines. It is targeting traders that are interested in foreign exchange and metals. OspreyFX mostly became popular for its 1:500 high leverage and 120+ tradable assets. OspreyFX is not regulated, and its offers and features have mixed feedback.

Trading Leverage:

  • Forex and Metals: 1:500
  • Cryptocurrencies: 1:100
  • Energies: 1:200
  • Indices: 1:50
  • Stocks: 1:20

Assets and Fees:

  • Available assets over 120.
  • No deposit fees are mandatory.
  • Tight spreads begin from 0.1.
  • Micro lot trading is enabled with lot sizes down to 0.01.

Account Information:

  • Minimum deposit is $25 for currency pairs.
  • The Margin Call and Stop Out Levels are at 100% and 70%. 

OspreyFX is registered under a company called Osprey Ltd. Its Company Number is 25288 BC 2019. The official address is at the Beachmont Business Centre, Suite 4, Kingstown Street, St. Vincent and the Grenadines, KC001. 

Even though some traders are expressing concern over regulatory status, we found that many value the broker and its performance.


OspreyFX Licence

OspreyFX is not regulated by any financial institution. The broker works offshore, and because of this it doesn’t have the oversight from tier-1 regulators that regulated brokers have. This lack of licensing usually means that in case of any potential issues, you can’t report them to anyone.  

OspreyFX Commissions and Spreads

OspreyFX has different account types, each with different commissions and spreads. Here’s a quick summary:

  • ECN Accounts: Low Spreads, Higher Commission
  • VAR Accounts: Zero Commission, Medium Spreads

OspreyFX has a $7 per lot  fee for stock and index trading. This rate is high and you should have it in mind if you plan to trade and use this broker.

The firm offers flexible trading costs – you can opt for the cost structure that fits your trading style and volume. This approach allows new and experienced traders to control their trading expenses. When you choose the account, have in mind that spreads and commissions can impact your final profits. 

Trading Fees

OspreyFX implements a structure that adjusts trading fees based on the trading plan selected by their clients. They balance between fixed commissions and bid-ask spreads to cater to different trading preferences.

Commission Fees for Different InstrumentsCheck for details on majors, crosses, and exotic pairs.
Withdrawal FeesNo fees for withdrawing funds.
Leverage and Trading Instruments1:500 leverage on Forex, Cryptos, Stocks, and Commodities with full STP execution.
Bank Transfer Fee$25 fee for bank transfers if withdrawal requests are up to $5,000.
Spreads and Commissions on Mini AccountsSpreads at 1.0 pips on Mini Accounts, trading 29 currency pairs with $1 commission per lot.
Standard Currency ECN AccountUSD/EUR/GBP/CAD/AUD: Standard 7.00, Pro 8.00, Var 0, Mini 1.00 (1 Lot = 100,000 units)
Bitcoin ECN AccountBitcoin: Standard 1500 BIT, Pro 1500 BIT, Var 0 BIT, Mini 15 BIT (1 Lot = 100,000 units)


OspreyFX has leverage of up to 1:500. Assets  include forex, cryptocurrencies, commodities, stocks, and indices. Here is a quick breakdown:

  • Forex: Up to 1:500 leverage
  • Cryptocurrencies: Up to 1:100 leverage
  • Commodities/Indices/Stocks: Varies

Order Execution and Trading Speed

OspreyFX has a Straight Through Processing (STP), which means orders are passed directly to liquidity providers without any dealer intervention.

OspreyFX has quick and reliable trading. Their infrastructure is designed to minimize latency, which is crucial for high-speed trading. 

Payment Options

OspreyFX offers several payment methods. They accept traditional banking options and modern digital transactions. Here are the payment options:

MethodDepositsWithdrawalsProcessing Time
Bank WireAvailableAvailableSeveral business days
Credit CardsAvailableAvailableInstant
E-WalletsAvailableNot specifiedVaries

It’s crucial that you know that while deposits can be quite easy with many options possible, withdrawals are available mostly in Bitcoin, which can have higher fees as a blockchain transaction. Also check if the method is available in your region, as OspreyFX’s services are not available everywhere. 

Account Types

OspreyFX offers 4 different accounts. Check them here: 

Account TypeDescription
Standard AccountModerate minimum deposit and access to all trading instruments. Ideal for traditional trading. 
PRO AccountPRO Account is focused on Experienced Traders and it has a higher minimum deposit. It comes with tighter spreads and benefits that are fit for high-volume trading.
VAR AccountThe VAR Account has variable spreads.
Mini AccountMini Account has a $25 minimum deposit. It allows new traders to experience real money trading without a significant investment. 

Each account type provides access to the Tradelocker platform, a popular choice for Forex trading. When you are choosing an account, think about your trading style, experience, preference and how much you can invest. 

Trading Instruments

OspreyFX has over 120 instruments, you can trade with forex pairs, indices, cryptocurrencies, metals, and more. 

CategoryInstruments Available
ForexMajor, Minor, Exotic Currency Pairs
IndicesGlobal Market Indices
CryptocurrencyBitcoin, Ethereum, Litecoin and more
MetalsGold, Silver, and Other Tradable Metals

Customer Support

OspreyFX has amazing customer service. 

Response Time and Availability

  • Live chat: Commended for timely and efficient responses.
  • Email: Support can be reached at [email protected].

Customer Feedback

Traders reported effective support. OspreyFX publicly replies to customer reviews, showing an active engagement with clients and giving them fast feedback.

Support Rating

According to Trustpilot:

  • Overall Rating: OspreyFX has a rating of 4.1 / 5 

Contact Details

To seek assistance from OspreyFX’s support team, customers can:

  • Reach out to the live support on chat.
  • Send a detailed email.

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While OspreyFX seems to cater well to traders seeking diverse trading instruments and high leverage, the need for careful consideration of the associated risks cannot be understated, particularly for those trading CFDs.

Key FeaturesDescription
Financial AssetsOffers currency, commodity, stock, index, and crypto assets
Trading PlatformsAccess to MT4 and MT5
LeverageUp to 1:500
Minimum Deposit$10

Frequently Asked Questions

What are the pros and cons of trading with OspreyFX?

OspreyFX offers access to MT4 and MT5 trading platforms.
They provide flexible account types and various trading instruments.

OspreyFX is an unregulated broker with headquarters in an offshore location.
A high percentage of retail investor accounts lose money when trading CFDs with this provider.

Is OspreyFX Allowed in the USA?

Yes, OspreyFX accepts US traders.

What country is OspreyFX from?

Saint Vincent and the Grenadines

How Fast is the OspreyFX Withdrawal?

24h but the overall withdrawal speed depends on the third party as well. 

What is the minimum deposit for OspreyFX?

Minimum deposit is $25

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

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OspreyFX Review