Forex traders always look for trading with brokers that suit their trading needs and preferences. FBS and OspreyFX are online forex brokers that offer their trading services to traders and investors. FBS is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions and one tier-4 jurisdiction. On the other hand, OspreyFX is an offshore forex broker which is not regulated by any regulatory bodies.Â
In this article, we will review and compare the brokerage services offered by FBS and OspreyFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
FBS vs OspreyFX: In a Nutshell
FBS
Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients.
Risk warning: 73.21% of retail CFD accounts lose money.
FBS Overview
- Founded In: 2009
- Founder: Satthakarn Chuenkomol
- Headquarters: Belize City, Belize
- Minimum Deposit: $5
- Maximum Leverage: 1:3000
- Regulations: ASIC, FSC, CySEC
- Trading platform: MT4, MT5, Webtrader
- Account Types: Standard, Cent, Pro
- Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
- US Traders: Not Accepted
OspreyFX
Founded in 2018, OspreyFX is a regulated forex broker headquartered in Saint Vincent and the Grenadines. It operates as an offshore forex broker, offering leverage as high as 500:1. OspreyFX supports all trading styles; including scalping, hedging, news trading, copy trading, and algorithmic trading. Currently, it uses TradeLocker as its trading platform. The broker provides a wide range of trading instruments, such as forex, Indices CFDs, Metal CFDs, Commodities CFDs, Cryptos CFDs, and Share CFDs (US and EU). Being an offshore forex broker it can onboard clients from anywhere in the world, including the USA. However, the broker only accepts crypto deposits and withdrawals.
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
FBS vs OspreyFX: Key Features
FBS:
- Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
- Maximum leverage: 1:3000
- Minimum Deposit: $5
- Account Types: Three ( Standard, Cent, Pro)
- Trading Fees: Spread starting from 1 pip for Standard Account and Cent Account
- PAMM/ MAM: Not available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
OspreyFX
- Trading Instruments: 120+ trading instruments including Forex (Major, Exotics, Crosses), Indices, Metals, Commodities, Cryptos, Shares (US, EU)
- Maximum leverage: 500:1
- Minimum Deposit: $10
- Account Types: 3 (Standard, Pro, Var)
- Trading Fees: Spread starting from 0.4 pips or commission from $1 to $8
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
FBS vs OspreyFX: Pros and Cons
FBS Pros & Cons
- Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
- The Maximum Leverage is as high as 1:3000
- The Minimum deposit is $5
- Trading is on the MT4, MT5, and FBS trader platforms.
- There is an account type to suit newbies, experienced, and pro traders.
- Low spreads, high leverage, and fast order executions
- Easy and fast account opening
- Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
- Tradable assets are not much, especially when compared to other top brokers.
- Daily Market news and analysis on FBS.eu are not regularly updated.
- No premium trading tools to assist traders.
- No investor protection for non-EU Clients
- Managed Accounts & Social Trading is unavailable
- Few Account Base Currencies
OspreyFX Pros & Cons
- The Maximum Leverage is as high as 1:500
- ECN STP broker model
- Faster Trade Execution with Tradelocker
- Offers Multiple Account Types including, Demo accounts and Live Accounts
- Rebates and Rewards are Available for Live Trading Accounts
- Accounts can be funded with multiple crypto coins such as BTC, ETH, LTC, USDT, DOGE, etc.
- Professional traders who can prove their competence may receive funded accounts up to $200,000 and earn up to 80% of their profits.
- Unregulated Offshore Forex Broker
- No Metatrader (MT4, MT5) Trading Platfroms.
- Offers Only Tradelocker Trading Platform
- Limited Deposit and Withdrawal Methods (Cryptos, PayRedeem)
- No managed accounts or Social Trading (MAM, PAMM) Offered
- Live chat is a bit complex. To contact the chat operator, you need to first answer a series of questions from the virtual bot each time.
FBS vs OspreyFX: Side-by-Side Comparison
FBS Vs OspreyFX: Our Scores and Ratings
We rated both brokers, FBS and OspreyFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
FBS :
OspreyFX
Final Verdict :
Both FBS and OspreyFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. FBS is a regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including ASIC, FSC, and CySEC. On the other hand, OspreyFX is an unregulated offshore forex broker. FBS provides Multiple trading platforms including MT4 and MT5. On the Contrary, OspreyFX does not offer MT4/MT5. It uses only TradeLocker as its trading platform.Â
As FBS is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, OspreyFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for FBS, while US traders looking for offshore forex brokers may consider OspreyFX. Trading with offshore forex brokers is risky and not recommended.
