Is OspreyFX Regulated as of 2024?

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There are many online forex and CFD brokers in the interest. Some are regulated some are not. Each type of forex broker has its own benefits and drawbacks. A regulated forex broker offers a level of security and safety to the client’s funds. However, not all brokers are regulated. If you consider using OspreyFX, you may be wondering if it is regulated. 

The answer is “no” OspreyFX is not a regulated forex broker. It is an offshore forex broker that offers forex, CFD, and Crypto CFDs. In this article, we explore more about OspreyFX trading platforms, alternatives, and so on. 

So let’s get started 

Is OspreyFX Regulated?

No, OspreyFX is not regulated by any regulatory authority. It is an unregulated offshore forex broker. Many opt for unregulated offshore forex brokers to enjoy restriction-free trading (Forex, CFD, Indices) with high leverage and low spread. Osprey offers as high as 1:500 leverage, and the minimum deposit is as low as $25. 

OspreyFX Overview

OspreyFX Overview
  • Founded In: 2019
  • Trading Instruments: 120+ including Forex, Crypto, Stocks, Indices, Commodities
  • Minimum Deposit: between $25 and $500 (Depending on Account Type) 
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading Fees: Starting from 0.1 Pips
  • Deposit and Withdrawal Fees: $0 
  • Trading platform: TradeLocker
  • Account Types: 4 account types such as Standard ECN, Pro ECN, VAR, Mini
  • Payment Options: Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
  • US Traders: Accepted 

Alternatives of OspreyFX

OspreyFX is a popular offshore forex broker. However, other brokers can serve as alternatives to OspreyFX. These alternative brokers include 

Hugosway

Hugosway

  • Founded In:  2018
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None
  • Trading Platforms: Pro4 ,WebTrader, Desktop Terminal
  • Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
  •  Accepts US Clients: Yes
Kot4x

Kot4x

  • Founded In:  2019
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None
  • Trading Platforms: TradeLocker
  • Trading Instruments: FX Pairs, Indices, Commodities, Metals, Stocks, Cryptos.
  • Accepts US Clients: Yes 
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 
  • US Clients: Currenly not accepted.
Hankotade

Hankotade

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

LQDFX

  • Founded In:  2015
  • Minimum Deposit: $20
  • Maximum Leverage: 1:500
  • Regulations: None
  • Trading Platforms: MT4 
  • Trading Instruments: BTC, BCH, LTC, XRP, USDT, debit cards, PayRedeem, Confirmo
  • US Clients: Currently not accepted
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 : MT4, MT4 Webtrader, MT5 Mobile trader
  • Trading Instruments: forex, cryptos, commodities, indices and stocks CFDs
  • US Clients: Currently not accepted 
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.
  • US Clients: Accepted

Frequently Asked Questions ( FAQs)

What is OspreyFX?

Founded in 2018, OspreyFX is an offshore forex broker. It offers forex, CFDs, Commodities, Cryptos, EU shares, and US shares for traders worldwide. Being an unregulated broker. OspreyFX offers restrictions-free trading fasciitis to traders worldwide. 

What is Forex Broker Regulation?

Forex broker regulation refers to a set of rules and laws established by regulatory authorities to govern the operations of firms within the forex industry. These regulations are designed to ensure transparency, fairness, and integrity in the forex market, protecting the interests of traders and investors. The most popular regulatory bodies are ASIC, FCA, NFA, CySEC, and so on. 

Is OspreyFX an ECN Forex Broker?

Yes, OspreyFX operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.

Is OspreyFX a Safe Broker?

OspreyFX has been providing services for a long period. However, the broker is not regulated by any regulatory authority.  As a result, trading with OspreyFX involves inherent risks due to the lack of regulatory oversight. Traders should carefully consider these risks before engaging with the platform.

Is OspreyFX Regulated in the USA?

No, OspreyFX is not regulated in the USA. In fact, it is not regulated by any regulatory authorities. 

Is OspreyFX Regulated in the UK?

No, OspreyFX is not regulated in the UK. The brokers of the UK are usually regulated by FCA, and OspreyFX is not regulated by this regulatory authority. 

Is OspreyFX Regulated in Canada?

No, OspreyFX is not regulated in Canada. 

Final Thoughts :

OspreyFX is an unregulated forex broker that offers forex, CFDs and Cryptos, and Stock CFDs.However, it does not offer an MT4 trading platform. The broker offers only the TradeLocker trading platform.  

Since it is an offshore forex broker, it can onboard clients from anywhere in the world. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading, and so on. 

Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with unregulated brokers 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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