OspreyFX Review – Fast and Purposeful
OspreyFX brokerage is a newly founded offshore firm that is based in the Caribbean island country of St. Vincent and the Grenadines. This would mean that this broker is unregulated because in St.Vincent there is no governmental or non-governmental entity to regulate the local market. This broker is upfront about this fact which is highlighted on their website.
Over two years after its establishment in 2019, OspreyFX has garnered much success and notoriety within the industry. They have branded themselves as a fast and calculative ECN broker firm.
Account Types: Demo And ECN MT4
It’s not a surprise to see that they have a variety of options available for the consumer. With OspreyFX Forex broker you have the option of a demo account and 1 ECN MT4 Account, which you can configure into different categories while using the MetaTrader 4 platform. Depending on what you want to trade, there are four sections you can choose from which are Mini, Standard, VAR, and PRO.
The minimum amount of money for a deposit is $10. You can also deposit with cryptocurrencies like Bitcoin. As of now, you can even use Bitfinex as well.
The commission fees for the usage of the categories are :
- Standard: 5.00 USD
- Pro: 7.00 USD
- Var: 0 USD
- Mini: 1.00 USD
The Commission fees for Bitcoin are :
- Standard: 1500 BIT
- Pro: 1500 BIT
- Var: 0 BIT
- Mini: 15 BIT
OspreyFX accounts offer both crypto and Forex trading with an unending customer support system in place. Trading assets also include energies, company shares, metals, and indices. Each asset has its specific leverage.
- Currency pars – 1:500
- Cryptocurrencies – 1:100
- Indices – 1:200
- Stocks -1:20
OspreyFX also has a real-time live spread of the previously mentioned assets. The spreads start from 0.01 pips.
The accessibility of your revenue is very easy because OspreyFX constantly adds new payment options, which means that you can liquidate your assets through card providers, electronic wallets, or wire transfers. The same options are in place when it comes to withdrawal methods. If you deposit with a card then you will need to take out the same amount of money with your card before switching to another payment option. There are no deposit or withdrawal fees.
Promotional Offers And An Overview
Our OspreyFX review would not be complete without discussing other distinguishing factors that the firm has to offer to the masses. The company offers crypto and affiliate promotions. Any new member can take part in it. As of now few of the promotions have expired but one of them is still in motion. It is the $80,000 affiliate contest, where the traders compete for cash prizes. Needless to say, OspreyFX is heavily promoting itself through activities like this. There are countless holiday-themed promotions for the traders, around Christmas time and the new year. It has a separate $80,000 contest just for traders as well.
It is also important to consider the OspreyFX reviews of the consumers. As you can see, the firm is keen on spreading the word about itself. They take this matter very seriously. This is one of the reasons they are so active on social media platforms. They want to have a huge engagement with their consumers.