OspreyFX is an Electronic Communication Network, ECN, Forex broker. The Forex broker offers traders a secure ECN trading environment. This lets traders the opportunity to trade exclusively online. It offers traders institutional grade liquidity from top investment banks globally. The spreads at this Forex broker are very tight, which means that you will be able to use your funds to their fullest.
Although the Forex broker was established just a few years ago, it has already managed to become very popular among traders. To better understand everything that this broker offers to its clients, we have decided to review OspreyFX and its services. Follow our review and start trading today with OspreyFX.
The safety and security of OspreyFX broker
While trading Forex, the safety of your funds should be your top priority. This Forex broker is registered in Saint Vincent and the Grenadines. It has adopted different types of policies to safeguard the funds of its clients. It offers Negative Balance Protection, which means that you can stay safe while using higher leverage.
OspreyFX review shows that the broker keeps the funds of its clients in segregated bank accounts. This is a very big step towards the safety of the client’s funds. Thanks to this, your funds will be kept safe at all times. No matter what goes wrong, even if the broker files for bankruptcy, you will still have access to your funds.
The Forex broker also follows the KYC customer policy, which is a very important tool in fighting against money laundering.
OspreyFX Fees and spreads
The spreads below the industry average for the standard account from 0.8 – 0.9 pips for major pairs. This is very attractive and enables traders to enjoy maximum profits with commission-free trading. As for cryptos, the lowest spreads are for XLMUSD from 0.10, BATUSD from 0.11, and AVAUSD from 0.22. The spread on BTCUSD is usually 52. Indices have spread from 0.19 on US Dollar Index, SPX500 from 0.69, and NAS100 from 1.10. For energies, the lowest spreads are on USOil from 0.05, and for metals from 0.19 on XAU/USD. The broker offers EU and USD share CFDs with competitive spreads. Spreads for IBE.MC, LVMH.PA and BNPP.PA is from 0.0. For US share CFDs, the spreads are set at 0.22-0.25 for the majority of trading instruments.
Accounts, deposits, and withdrawals of OspreyFX
The Forex broker offers 1 ECN MT4 account in four different forms. There is a standard, Pro, VAR, and Mini account available for traders. If you are a complete beginner, you can start using VAR and Mini accounts, slowly moving to Standard Account. A Pro account was created for the most experienced traders, and it gives you access to 55 currency pairs. The recommended minimum deposit for a Pro account is $500. The lowest minimum deposit is for a Mini account, starting at 25 USD.
OspreyFX broker review shows that this company offers traders access to the market through MetaTrader 4. This is one of the most popular trading platforms globally. The Forex broker also offers trading through mobile phones, with the help of applications created for iOS and Android devices.
Deposits and Withdrawals at OspreyFX
Bitcoin, debit and credit cards and bank accounts transfers. For the bank account transfers, the fee is 25 USD when withdrawing funds 5k and below, and it will take up to 6 working days to get processed. This is understandable, as wire transfers are known to be slow and costly. As for withdrawals via Bitcoin, the transactions are processed within a day and users can track their transaction progress via blockchain.info. The credit and debit cards of Visa and MasterCard are limited only to the amount the client has deposited. Meaning, users can only withdraw as much money as they deposited via this method. For for-profit withdrawal, there are only two options remaining, Bitcoin or wire transfer. Seems like Bitcoin is the most efficient method for withdrawing profits from the OspreyFX broker. For deposits there are numerous methods available including the methods that are not supported for withdrawals, these methods include Vload, Skrill, QIWI, Sofort, postepay, and many more.
Trading assets and features of OspreyFX
As we have already said, OspreyFX is a true ECN broker. It offers access to hundreds of different trading assets, including:
- Currency Pairs
- Cryptocurrencies
- Metals
- Indices
- Shares
- Energies
This company largely focuses on Forex trading. It should not come as a surprise, however. Forex trading is the biggest financial market globally. This Forex broker offers access to every type of currency pair, including Majors, Minors, and Exotics.
OspreyFX Customer Support Review
The support is excellent at this broker. They offer advanced A.I.-powered live chat, and it is also possible to choose from the main menu and connect with the representative. Support is polite, and knowledgeable, and provides all the information users will ask. Support is also multilingual together with the website of this broker. Other support options include standard email support, a hotline number, and an online form.
OspreyFX Education
There are no educational resources currently offered by the OspreyFX broker, but the tools available are plenty. The main tools offered are mainly for MT4 and MT5 platforms and include indicators and forex calculators. There is also a beta version of the custom trading platform that is available for traders to test and feedback.
Should you consider OspreyFX?
After reviewing the services of OspreyFX, we can recommend this Forex broker to our readers. The Forex broker offers access to hundreds of different trading assets, giving you the opportunity to easily diversify your trading portfolio.
With a wide variety of trading accounts, anyone can find something that they like at OspreyFX broker.
Is OspreyFX a safe and secure broker?
What are the fees and spreads offered by OspreyFX?
What types of accounts are available at OspreyFX?
