Osprey FX is an electronic communications networks (ECN) forex broker that offers online trading of Forex, Cryptos, CFD, and Stocks with complete straight-through processing (STP) execution.
They offer a wide range of accounts for traders of all experience levels and strategies. These include the standard version, VAR account, and funded account.
Customer Support
Osprey FX offers a range of customer support options, including live chat and email. These methods are practical and efficient, and responses to requests are generally provided within 24 hours.
They also offer several account types, including a mini-account for beginners. These accounts provide a lower minimum deposit and leverage of up to 1:500, making them ideal for those who want to trade on a smaller scale.
As an actual ECN broker, OspreyFX provides traders with institutional-grade liquidity from leading global providers. This allows them to trade on ultra-tight spreads that start at 0.0 pips.
Leverage
Osprey FX is a broker that offers high leverage of up to 1:500 on forex, cryptos, commodities, and stock index CFDs. They offer a variety of trading assets, including currency pairs (7 majors, 20 crosses), 30 cryptocurrencies, and 125 stocks index and precious metals CFDs.
OspreyFX is a fully ECN broker that aggregates liquidity from various global providers. This helps them ensure competitive spreads, fast execution, and avoid slippage.
In addition to the ECN trading platforms, OspreyFX offers various payment methods, including credit and debit cards, wire transfers, and Bitcoin payments. Deposit and withdrawal fees vary depending on the technique, but they are not excessive.
OspreyFX’s evaluation program is a two-phase evaluation process that rewards serious traders consistent with their results. Traders must complete both phases before they can be funded. In phase one, they need to achieve a profit target of 10% within 30 days. In phase two, they must complete ten minimum trading days.
Trading Platform
OspreyFX is a licensed offshore forex and CFD broker that provides traders access to the MT4 and MT5 trading platforms. It also offers a range of deposit and withdrawal options, including credit/debit cards and Wire transfers.
OspreyFX allows traders to trade various financial assets, including Forex, cryptos, metals, energies, and indices. The platform is compatible with desktop computers running Linux, Windows, and macOS, as well as iOS and Android mobile devices.
OspreyFX offers a two-phase evaluation program, which requires traders to complete both phases before becoming eligible for payouts and earning profit splits. It also provides a 5% maximum daily and 12% maximum loss rule.
Minimum Deposit
OspreyFX offers various trading instruments, including currency pairs, cryptocurrencies, metals, and commodities. The broker supports multiple account types and is backed by the MetaTrader 4 (MT4) trading platform.
OspreyFX also accepts several payment methods, including credit cards and bank transfers. The company does not charge fees for depositing and withdrawing funds, and withdrawals are processed within a few business days.
OspreyFX offers high data security thanks to its offshore location in Saint Vincent and the Grenadines. This can be a positive feature for some traders.
Withdrawal
Osprey FX is an ECN broker that offers forex, crypto, and CFD trading. The platform is designed for both experienced and novice traders.
They offer multiple account types: Standard, PRO, VAR, and Mini. These ECN/STP trading accounts offer up to 1:500 leverage.
The minimum deposit for each account is 10 USD, and the amount you can withdraw depends on the payment method used to fund your account. Traders can use Credit/Debit cards, Wire transfers, or Bitcoin.
The withdrawal process offered by Osprey FX is rather long and requires a fee to be paid for each wire transfer transaction. It also takes 3-6 business days to process the withdrawal.
