Does OspreyFX Support MT4? Alternatives for 2024   

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If you’re a forex trader looking for an offshore broker, you may have come across OspreyFX. OspreyFX is one of the most popular unregulated forex brokers. It accepts clients from all over the world. However,  does OspreyFX support MT4, one of the most popular trading platforms? 

Finding a brokerage that is compatible with the platform you prefer is important for your smooth trading experience. Let’s explore whether OspreyFX is working with MT4. We will also discuss other trading platforms and tools used by OspreyFX, its alternatives, and so on. 

So let’s get started  ….. 

Does OspreyFX work with MT4?

 No, OspreyFX currently does not support MT4 as its trading platform. The platform has chosen to implement the Tradelocker trading platform instead. Tradelocker represents the next generation of day trading platforms, strategically designed to meet the demands of forex traders and brokers. 

What Trading Platforms Does OspreyFX Use?

OspreyFX currently uses the Traderlocker trading platform. TradeLocker is a next-generation trading platforms that offer advanced charting facilities 

OspreyFX Alternatives

OspreyFX is a well-known offshore broker. However, other offshore forex brokers can serve as alternatives to OspreyFX. Some of the alternative brokers even offer MT5 Trading Platforms. For example, Hankotrade offers both MT4 and MT5 Trading Platforms. These alternative brokers include

Hugosway

Hugosway

  • Founded In:  2018
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None
  • Trading Platforms: MT4,WebTrader, Desktop Terminal
  • Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
Kot4x

Kot4x

  • Founded In:  2019
  • Minimum Deposit: $10
  • Maximum Leverage: 1:5
  • Regulations: None
  • Trading Platforms: TradeLocker
  • Trading Instruments: FX Pairs, Indices, Commodities, Metals, Stocks, Cryptos.
LMFX

LMFX

  • Founded In:  2015
  • Minimum Deposit: $50
  • Maximum Leverage: 1:1000
  • Regulations : None
  • Trading Platforms : MT4, WebTrader, Mobile Trader
  • Trading Instruments: Forex, Indices, Commodities, Metals, Energy, Shares 
Hankotade

Hankotade

  • Founded In:  2018
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading Platforms: MT4, MT5
  • Trading Instruments: Forex, Cryptos, CFDs (Gold, Silver, Stock Indexes, Oil) 
LQDFX

LQDFX

  • Founded In:  2015
  • Minimum Deposit: $20
  • Maximum Leverage: 1:500
  • Regulations: MT4
  • Trading Platforms : MT4 
  • Trading Instruments: BTC, BCH, LTC, XRP, USDT, debit cards, PayRedeem, Confirmo
ProsperityFX

ProsperityFX

  • Founded In:  2020
  • Minimum Deposit: $25
  • Maximum Leverage: 1:500
  • Regulations : None
  • Trading Platforms : MT4
  • Trading Instruments: Forex, Indices, Energies, Cryptos, stocks CFDs, and Metals.
Eaglefx

Eaglefx

  • Founded In:  2019
  • Minimum Deposit: $20
  • Maximum Leverage: 1:500
  • Regulations : None
  • Trading Platforms : 
  • Trading Instruments: forex, cryptos, commodities, indices and stocks CFDs
OspreyFX

OspreyFX

  • Founded In:  2018
  • Minimum Deposit: $25
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading Platforms: TradeLocker
  • Trading Instruments: Forex, cryptos, indices, energies, Metals, stocks.

Frequently Asked Questions (FAQs)

What is OspreyFX?

OspreyFX is an online ECN forex and CFD brokerage firm. It offers a wide range of trading instruments including forex, CFDs, Cryptocurrencies, and indices. OspreyFX is not regulated by any regulatory authority. Its headquarters is in St. Vincent and the Grenadines

What is the MT5 Trading Platform?

MetaTrader 5 (MT5) is a widely used trading platform in the financial markets. It serves as a successor to MetaTrader 4 (MT4) and offers expanded features, including a wide range of trading instruments, , advanced charting tools, and an economic calendar. It is used for online trading in forex, commodities, stocks, and more.

What are the alternatives to MT5 Trading Platforms?

There are several alternatives to the MT5 Trading Platform, each with its unique features:

  • MT4 (MetaTrader 4): The predecessor to MT5, is known for its simplicity and robust functionality.
  • cTrader: Known for its user-friendly interface and advanced charting tools.
  • TradingView: A web-based charting platform allowing analysis and sharing of trading ideas, integrating with various brokers for execution.
  • ZuluTrade: A social trading platform enabling users to follow and copy trades of experienced traders.

Final Verdict :

OspreyFX does not use the MT4 Trading platform as its trading platform. Instead, they use Tradelocker as their trading platform. 

Tradelocker, powered by Tradingview provides a range of features and tools for executing trades, managing positions, and analysing markets. Although it may differ from the familiar MT4 interface, Tradelocker is designed to offer a user-friendly and efficient trading experience. 

Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with unregulated brokers like OspreyFX  puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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