OspreyFX Spreads, leverage, minimum deposit Revealed
WikiFX | 2025-04-30 14:32Abstract：OspreyFX is a forex and CFD broker founded in 2019 and based in St. Vincent and the Grenadines. The company offers trading services in various financial markets, including forex, stocks, commodities, indices, and cryptocurrencies, through its ECN account type. OspreyFX allows trading on the popular MT4 and MT5 trading platform and offers high leverage of up to 1:500. The company provides multiple deposit and withdrawal options, including cryptocurrencies, with no fees charged for transactions. OspreyFX offers customer support via various channels, including email, social media, and call back.
| OspreyFXReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | 120+, Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.4 pips |
| Trading Platform | TradeLocker |
| Min Deposit | $25 |
| Customer Support | Contact 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.
Pros & Cons
| Pros | Cons |
| Multiple account types | Commission charged |
| No deposit or withdrawal fee on most occasions | Unregulated |
| 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.
What Can I Trade on OspreyFX?
OspreyFX assets to offer over 120 market instruments, including Forex, Metals, Cryptocurrencies, Indices, Shares, Energies, and Futures.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| cryptocurrencies | ✔ |
| stocks /shares | ✔ |
| indices | ✔ |
| energies | ✔ |
| futures | ✔ |
| commodities | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
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 Type | Typical Spread | Min. Deposit | Forex Pairs | Commission Per Lot |
| Standard | From 0.8 | $50 | 55 | $7.00 |
| PRO | From 0.4 | $500 | 55 | $8.00 |
| VAR | From 1.2 | $250 | 55 | $0.00 |
| Mini | From 1.0 | $25 | 29 | $1.00 |
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 Type | Commission(USD/EUR/GBP/CAD/AUD) | Commission(Bitcoin) |
| Standard | 7.00 | 1500 BIT |
| PRO | 7.00 | 1500 BIT |
| VAR | 0 | 0 BIT |
| Mini | 1.00 | 15 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 Platform | Supported | Available Devices | Suitable for |
| TradeLocker | ✔ | Desktop, Mobile, Web | / |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced trader |
| MT4 | ❌ | Desktop, Mobile, Web | Beginner |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginner |
Deposit and Withdrawal
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cryptocurrency | 10 | 0% | The same day |
| Credit/Debit Card | 10 | 0% | The same day |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Cryptocurrency | 10 | 0% | The same day |
| Credit/Debit Card | 10-25 | 0% | / |
| Wire Transfer | 10 | $25 for banking fees on withdrawals of up 5K | 1 business day |
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.
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