Does OspreyFX Accept US Clients in 2024? 

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US Traders always look for trading with suitable brokers that suit their trading strategies and preferences. The country has strict regulations in forex trading. Consequently, most online forex brokers do not accept US clients because they can not meet the regulatory requirements of the US authorities. High leverage and CFD trading are restricted in the USA. However, many forex traders still opt for trading CFDs with high leverage. That is why many traders settle for offshore forex brokers. 

OspreyFX is an online offshore forex broker that is not authorized or regulated by any authority anywhere; so it is not under any obligation to abide by the rules guiding US-regulated brokers. In this blog post,  we will explore if OspreyFX accepts US clients, its Pros and cons, and why US traders choose brokers like OspreyFX and more.

Does OspreyFX Accept Clients?

Yes, OspreyFX accepts US Clients. Being an unregulated online forex broker, the broker has the flexibility to onboard clients from various locations worldwide, including the USA. Therefore, US traders are able to register for an account and trade forex and CFD trading with OspreyFX.

OspreyFX Overview

OspreyFX Overview
  • Founded In: 2019
  • Minimum Deposit: between $25 and $500 (Depending on Account Type) 
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: TradeLocker
  • Deposit and Withdrawal Fees: $0 
  • Payment Options: Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
  • US Traders: Accepted 

Why Do US Citizens Use Offshore Brokers Like OspreyFX?

Below are some of the reasons why a US trader will choose to trade with OspreyFX:

CFD trading

Contracts for differences (CFDs) are financial contracts between a broker and a trader which allows the trader to take positions on the broker’s platform and speculate on the price direction of underlying financial assets without ownership. For example, with CFDs, a trader can make money by predicting the price direction of stock market shares of a company without owning the company shares.

Unfortunately, US traders are officially prohibited from trading CFDs by the regulators. However, OspreyFX gives US traders opportunities to trade CFDs from stocks, indices, and commodities.

High leverage

Leverage is a tool that multiplies a trader’s market exposure in relation to his deposit. US traders are mandated to restrict forex leverage to 1:50 but OspreyFX offers up to 1: 500. This means that with a deposit of $500; you can open positions worth $250000.

With higher leverage, there is a higher chance of making more profits provided that the market moves in favor of your position.

Low trading capital

With OspreyFX, US traders can start trading with $10 but US-regulated brokers demand a higher minimum deposit. Also, the trading fees and commissions are much lower with OspreyFX than with the US-regulated brokers. Perhaps, because obtaining and maintaining a US forex broker license is very expensive.


The United States has stringent tax laws which are almost impossible to evade. Forex traders are required to pay taxes on their profits. Trading with unregulated brokers like OspreyFX makes it easier to pay reduced taxes especially if BTC is used to fund and withdraw from the trading account.

Pros and Cons of OspreyFX for US Traders

Which countries are restricted on OspreyFX

As OspreyFX is an unregulated offshore forex broker. It can onboard clients from anywhere in the world. Currently the broker does not have any restricted county list on its website. so it accepts clients from all over the world. 

Frequently Asked Questions (FAQs)

What is OspreyFX?

Founded in 2018, OspreyFX is an online forex and CFD broker. It is an offshore forex broker that offers forex, CFDs, and Crypto trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading etc. The maximum leverage of OspreyFX is as high as 1:500. 

Is OspreyFX Regulated in the USA?

No. OspreyFX is not regulated in the USA. It is an unauthorized offshore forex broker.

Does OspreyFX have any office in the USA?

No, OspreyFX does not have an office in the USA. As per their website, the broker is located in St Vincent and the Grenadines

Can Americans use OspreyFX?

Yes, American traders can use OspreyFX. However, traders should take care while trading with unregulated forex broker

Final Thoughts :

OspreyFX is a forex broker that offers online forex and CFD trading services. The broker gives access to trade with a wide range of trading instruments including Forex, Commodities, Indices , Currency Indices , Cryptocurrencies, Shares, ETFs, and CFD Forwards. The broker allows almost all trading styles including scalping, hedging, copy trading, and news trading. 

OspreyFX allows US clients to enjoy forex trading services on their own terms. If you like high leverage, OspreyFX offers leverage up to 1:500. Traders are allowed to use any strategies including scalping, hedging, news trading and so on. Unlike US-regulated brokers, OspreyFX offers CFD trading. However, the broker currently does not have Metatrader (MT4, MT5) trading platforms. It uses the TradeLocker trading platform. 

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex 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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