OspreyFX review - offshore metatrader broker with crypto deposits- traders ratings.
What is OspreyFX?
OspreyFX is an unregulated forex broker with headquarters at Saint Vincent and Grenadines. Offshore location allows for the high leverage of up to 500:1. Osprey FX also accepts US traders looking to avoid domestic regulatory restrictions. Deposits and withdrawals are done through the cryptocurrencies only.
TradeLocker is the sole trading platforms offered by Osprey Broker available for desktops and mobile. All trading styles are supported including news spike trading, scalping, and algorithmic EAs.
OspreyFX offers over 55 forex currency pairs, over 30 cryptocurrencies (including popular Bitcoin, Litecoin, and Ethereum), and over 125 stock indexes, precious metals, and commodities CFDs.
Please read OspreyFx Reviews below and share live trading experiences with this broker.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $25 |
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Established: | 2018 |
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Address: | Beachmont Business Centre, Suite 4, Kingstown., Saint Vincent And Grenadines |
Contact: | support@ospreyfx.com |
Regional offices: | |
Regulators: | |
Prohibited countries: |
Trading platforms: | TradeLocker |
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Web Trading: | ✅ Yes |
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Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Currencies: | (55+) |
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Cryptocurrencies: | (30+) Bitcoin, Litecoin, Ethereum |
CFD: | (55+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Deposit Methods: | Bitcoin, Dogecoin (DOGE), Ether/Ethereum, Litecoin, PayRedeem, Ripple (XRP), Tether (USDT) |
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Withdrawal Methods: | Bitcoin, PayRedeem |
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Recent User Reviews of OspreyFX
Funded and demo account (and they pay my salary)
This review did not come from Mexico. It came from the same location on Malta used by OspreyFX's representative to the FPA.
Per FPA policy, the rating on this review has been set to Zero stars.
OspreyFx prices are not real
DONT DO IT!!!
Prepare to fail
I passed my challenge several times and when I claim why I am not getting my funded account credentials they claim something different. Now they claim I did too much money in one day and I have to make 6k more in one week to pass the challenge which is in second phase already. The customer service couldn't explain how much I had to do to lower my best day, I had to figure out myself.
I passed the challenge last month (first stage) and they claim that was 59 seconds after the last day. They don't have retakes even if you are in the positive 9.85% of the 10%
Also customer service it takes days to answer.
Not recommend.
I passed their funded account challenges and didn't get a funded account.
Sep 25, 2019 - 5 Stars Osprey FX organized live trading contest with sky high prize fund of $160,000 in total. $80,000 went into prize fund of traders contest, and $80,000 went into prize fund of affiliates contest. I am proud winner of traders contest and got an amazing $50,000 for 1st place. Withdrawals went smoothly, and in a few days I got the full amount of $50,000 to my bitcoin wallet and UPayCard account.
Besides this amazing contest Osprey FX has very good trading conditions. Small slippage, tight spreads, low commission of just 3.5$/lot. Execution is excellent also. They have many Cryptocurrencies in their offer besides Forex, Metals, Indices.
Chat support is available 24/7, kind and professional, always there to help. Their stuff work hard to bring improvements on site every week.
Only flaw what I could mention is missing some of commonly used deposit/withdrawal options, like Skrill, Neteller. UPayCard partially covers that, but not completely which could make life of trader bit complicated. Nevertheless, I am sure it is just matter of time when they will have more deposit/withdrawal options.
To sum up: Osprey FX is serious 1st class broker, worthy of attention of every trader, professional and beginner too. They deserve and should be checked out. I stay with them for sure.
Reply by OspreyFX submitted May 27, 2020 Dear client,
Thank you for your kind words and be assured that we are happy to have you aboard with us!
Well done with the contest and keep up with the good work!
Should you be needing any assistance from our side, we’ll be just an email away, eagerly waiting to help if needed and make our clients’ journey as muchhassle-free and user friendly as possible.
Best Regards,
Greg
OspreyFX
Customer Success Team
Bad service
OspreyFX Funded Trader Challenge is fake
Stealing Trading Balance
I stumbled across the fact that they are stealing individuals' balances and profits from MT5 account users. The screenshots below show that my all-time profits do not match my account balance.
I should have around $512.16 account balance from $12.76 in profits (after commission and swap), but my trading balance is $509.
https://prnt.sc/A8DN98N0IszW
https://prnt.sc/YrRpe5ROXSQl
Additionally, here are some demo accounts that have the exact same issue. Both have started with $10k balance yet after profits, their balance does not match by over $10 dollars. https://prnt.sc/H4cZV-smJEPL
DO NOT USE THIS BROKER. THEY BLATANTLY STEAL MONEY FROM YOU.
Passed 100k stage 1 challenge, then they lied about me failing verification
I have a screenshot that i was only down 4%. I made sure my last trade would get nowhere near 5%. I had a whole $1000 cushion left, they claimed I was $87 over 5%. I suspect they do this often, as I’ve heard from someone that they never received their funded account even upon passing both stages. They must just collect the $$ from challenges & attempt to avoid giving out real $$. I put them on blast on iG/twitter. They contacted me on iG telling me to “submit a ticket” on their site. Every time i submit, there is an error. I even gave them my # & still haven’t received an answer. They are based off shore & unregulated so that was suspect as it is, I only chose them because someone gave me a 50% discount code (which Osprey probably promoted in desperation to get more challenge $$) They will be reported & hawked down.
Easy to use (I should know - I work inside their offices)
This review did not come from Mexico. It came from the same location on Malta used by OspreyFX's representative to the FPA.
Per FPA policy, the rating on this review has been set to Zero stars.
No feedback from customer service.
Frequently Asked Questions
Is OspreyFX regulated?
In other words, there is no designated government or non-government body to supervise the activities of OspreyFX or to resolve complaints.
Is OspreyFX good?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent OspreyFX community discussions: https://www.forexpeacearmy.com/community/tags/ospreyfx/
Does OspreyFX allow Hedging, Scalping and News Trading?
What are the Leverage Options on OspreyFX?
- Forex/Metals: 1:500
- Cryptos: 1:100
- Stocks: 1:20
- Indices: 1:200
- Energies: 1:200