Osprey FX Review 2019 | Is Osprey FX a Scam or Legit Forex Broker?

Read our Osprey FX review to find out if Osprey FX is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.5/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
20% Complete (danger)
1.0/5
Deposit and withdrawal
60% Complete (danger)
3.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
80% Complete (danger)
4.0/5
Osprey FX
Osprey FX Overview

Osprey FX​ is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, Osprey FX is an a-book broker. Osprey FX offers trading of currencies, indices, CFDs, shares, cryptocurrencies and commodities. Osprey FX is not a licensed broker as it is located in an offshore location where brokers are not regulated. These locations have become notorious for harboring scammers and con artists.

# Broker's Features OSPREY FX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Osprey FX.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Osprey FX recommended minimum capital is $25.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Osprey FX is regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Osprey FX is unregulated

Payment methods: Next lets have a look at each broker's payment options. Osprey FX offers Credit Card, bitcoins, bank wire different payment methods for each account types.

Deposit and withdrawal: Payments and withdrawal of funds can be made via; Visa, MasterCard, Bank Wire and Bitcoin.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Osprey FX makes MetaTrader 4 available to clients.

Web & Desktop Trading Platforms: The trading software of Osprey FX allows traders use the MetaTrader4 platform. This platform along with the MetaTrader5 are very good signs as they have become some of the most widely used by experienced traders.
Mobile Trading Platforms:

Other

Support
To contact a customer care representative of this broker, clients are directed to use the live chat bubble on the bottom right of the page.

Recup
Osprey FX is an offshore broker that is operating under no regulatory body and without a license. It has no good reputation on the internet and the website is basically filled with promises of making profit. The minimum requirement is good but the payment methods are limited and this is also a disadvantage.

Final Thoughts
Osprey FX does not offer a demo account and claims to give clients fund safety via “segregation of funds”. It also mentions that its services are ready 24/7 and trades can be carried out whenever the trader wants.

People Also Asked

Is Osprey FX regulated?
Yes, Osprey FX is regulated by top-tier regulators, Not regulated inclusive.
Where is Osprey FX based?
Osprey FX is based in Saint Vincent And Grenadines
How does Osprey FX make money?
Osprey FX charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Osprey FX account?
With Osprey FX you can deposit money via the following means; Credit Card, bitcoins, bank wire.
How do I withdrawal in Osprey FX account?
Osprey FX lets you request a withdrawal of funds from your account via the following means; Credit Card, bitcoins, bank wire.
What is the minimum deposit for Osprey FX?
Osprey FX has $25 minimum deposit.
What are the available account base currencies with Osprey FX?
Osprey FX trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Osprey FX?
Osprey FX has a maximum leverage is 1:N/A for professional traders.
How do I open an account with Osprey FX?
Opening an account with Osprey FX is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Osprey FX use MetaTrader?
Osprey FX platforms: Yes, Osprey FX use MetaTrader as well as the following platforms: MetaTrader 4
What type of broker is Osprey FX?
Osprey FX appears to be a N/A broker which offers market access to a variety of traders.
Does Osprey FX accept US clients?
No
Does Osprey FX offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Osprey FX: N/A