Score

1.55 /10
Danger

OspreyFX

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Regional Brokers

High potential risk

B

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Comparison

Quantity 3

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.30

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Osprey Limited

Company Abbreviation

OspreyFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-05-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
OspreyFX · Company summary
OspreyFXReview Summary
Founded2018
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market Instruments120+, Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, Futures
Demo Account
LeverageUp to 1:500
SpreadFrom 0.4 pips
Trading PlatformTradeLocker
Min Deposit$25
Customer SupportContact Form
Social Media: Facebook, Instagram, Twitter, Discord, Telegram

OspreyFX Information

OspreyFX is an unregulated online trading platform that provides access to multiple financial instruments, such as Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, and Futures. Alongside its four main account types based on an ECN account, the platform also offers a demo account for practice trading.

OspreyFX Information

Pros & Cons

ProsCons
Multiple account typesCommission charged
No deposit or withdrawal fee on most occasionsUnregulated
Wide range of tradable assets
Demo account available

Is OspreyFX Legit?

No. OspreyFX is not a licensed broker, which makes it risky to invest in this platform.

Is OspreyFX Legit?

What Can I Trade on OspreyFX?

OspreyFX assets to offer over 120 market instruments, including Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, and Futures.

Trading AssetAvailable
forex
metals
cryptocurrencies
stocks /shares
indices
energies
futures
commodities
options
funds
ETFs
What Can I Trade on OspreyFX?

Account Types

OspreyFX offers various account types on its platform.

  • Demo account for users to test the platform without risking money.
  • Four ways to trade using an ECN TradeLocker account.
Account TypeTypical SpreadMin. DepositForex PairsCommission Per Lot
StandardFrom 0.8$5055$7.00
PROFrom 0.4$50055$8.00
VARFrom 1.2$25055$0.00
MiniFrom 1.0$2529$1.00
Account Types
Account Types

Leverage

OspreyFX offers a leverage ratio of up to 1:500, which means that traders can open positions up to 500 times the value of their account balance.

Fees

Account Commission

Account TypeCommission(USD/EUR/GBP/CAD/AUD)Commission(Bitcoin)
Standard7.001500 BIT
PRO7.001500 BIT
VAR00 BIT
Mini1.0015 BIT

Deposit and Withdrawal charges

OspreyFX charges $25 for banking fees for withdrawals of up to 5K.

Trading Platform

The trading platform OspreyFX offers is TradeLocker, which is a widely recognized platform in the forex industry, famous for its advanced charting capabilities, technical analysis tools, and customizable interface.

Trading PlatformSupported Available Devices Suitable for
TradeLockerDesktop, Mobile, Web/
MT5Desktop, Mobile, WebExperienced trader
MT4Desktop, Mobile, WebBeginner
Trading ViewDesktop, Mobile, Tablets, WebBeginner
Trading Platform

Deposit and Withdrawal

Deposit Options

Deposit Options Min. Deposit Fees Processing Time
Cryptocurrency100%The same day
Credit/Debit Card100%The same day

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Cryptocurrency100%The same day
Credit/Debit Card10-250%/
Wire Transfer10$25 for banking fees on withdrawals of up 5K1 business day
Deposit and Withdrawal

Note: There may be fees associated with the payment method provider themselves with an incoming transaction. Processing fees apply to cryptocurrency deposits originating from their respective processing networks. OspreyFX is not responsible for any network fees deducted from any transactions.

News

ExposureOspreyFX's Sudden Shift from MT4/MT5 to TradeLocker Stirs Discontent

OspreyFX sparked controversy by making a bold move this week: opting to replace the well-established MetaTrader 4 and 5 (MT4/MT5) with its in-house platform, TradeLocker. Despite being marketed as an advanced trading experience, this transition has triggered a wave of complaints from users, casting doubt on the broker's future and signalling potential concerns.

WikiFX
2023-12-14 18:28
OspreyFX's Sudden Shift from MT4/MT5 to TradeLocker Stirs Discontent

ExposureAlert: OspreyFX Unexpected Account Locked & Server Issues

Beware of the challenges faced by OspreyFX users, including account lockouts, login issues, and withdrawal limits, in this insightful article. Learn about the risks of unregulated online trading platforms and discover key steps for safe trading.

WikiFX
2023-11-21 12:27
Alert: OspreyFX Unexpected Account Locked & Server Issues

ExposureAn In-Depth Review Of A Broker OspreyFX - Legit Or Scam?

OspreyFX, an unregulated online broker offering high-leverage trading, raises significant red flags with its lack of licensing and undisclosed physical location. Investors are urged to partner with regulated brokers and use platforms like WikiFX to verify their credentials for a safer trading experience.

WikiFX
2023-05-18 11:34
An In-Depth Review Of A Broker OspreyFX - Legit Or Scam?

NewsHOW ARE EXCHANGE RATES CALCULATED?

When we talk about foreign exchange markets, they are very hard to predict than stock or bond markets. Predicting the success of entire economies requires forecasting the FOREX rate. When it comes to knowing FX rates, a plethora of factors come into play. This article outlines and describes some of the key elements that impact FX rate.

WikiFX
2022-06-11 11:00
HOW ARE EXCHANGE RATES CALCULATED?

User Reviews

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Baturee7936
more than one year
Unscrupulous broker! they churn your accounts (trade frequently) in order to generate commissions for themselves! Stay away else you lose all your money!!!!
Unscrupulous broker! they churn your accounts (trade frequently) in order to generate commissions for themselves! Stay away else you lose all your money!!!!
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2024-02-29 19:48
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FX1220277098
more than one year
I have been trading with OspreyFX for two weeks and so far, I haven’t met any problems. I especially love its customer service, always available to give me assistance.
I have been trading with OspreyFX for two weeks and so far, I haven’t met any problems. I especially love its customer service, always available to give me assistance.
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2023-02-22 09:51
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