IG vs Ospreyfx | Our In-Depth Analaysis (2024)

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IG

Founded in 1974 as IG Index by Bristish Financier Stuart Wheeler, IG is a well known forex and CFD broker.It  offers offer over 100 forex currency pairs, cfxfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

IG Markets Overview
  • Founded In: 1974
  • Minimum Deposit: $250
  • Maximum Leverage: 200:1
  • Regulations: ASIC, FCA, FSA, NFA , AMF, FMA, MAS, DFSA
  • Trading platform: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Account Types: Standard account, DMA Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
  • US Traders:  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

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 

IG vs OspreyFX : Pros and Cons

IG Pros & Cons

Pros
  • Regulated by multiple top tire regulators like  NFA,  FCA, ASIC, FSA, AMF, FMA, MAS, DFSA 
  • Allows scalping, EA/ Robot Trading, News Trading
  • Offers web trading, mobile trading and ECN Trading 
  • IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
  • 16,000 trading instruments, investments in IPOs and exchange-traded funds;
  • Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
  •  Offers passive investment programme ( MAM, PAMM accounts)
Cons
  • Relatively high Minimum deposit ( Min Deposit $250) 
  • Conservative leverage in some areas  ( The max leverage is 1:200)
  • IG charges $/£12/€14 per month after 24 months of inactivity 
  • Limited product range on MT4
  • High Stock CFD fees 

OspreyFX Pros & Cons

Pros
  • 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.
Cons
  •  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.

IG vs OspreyFX: Side-by-Side Comparison

JP Markets
OspreyFX
Product
Founded In
Founded In
2016
2019
Founded By
Founded By
Justin Paulsen
Not Found
Headquarters
Headquarters
Johannesburg, South Africa
St Vincent and the Grenadines.
Regulations
Regulations
FSCA
None
Min Deposit
Min Deposit
$1
$25
Max Leverage
Max Leverage
500:1
500:1
Tradable Assets
Tradable Assets
Forex; Stocks; Indices; Commodities
Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
Fees
Fees
Spread from 0.0 pips
Spread from 0.1 pips
Platforms and Tools
Platforms and Tools
MT5
MT4, MT5
US Traders
US Traders
Not Allowed
Allowed

IG Vs OspreyFX: Our Scores and Ratings

We rated both brokers, IG 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.

IG:

9
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)8

OspreyFX

4.4
OspreyFX Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)7
Trading (15%)6
Trading tools (10%)2
Customer Support (10%)8
Trading Education (5%)9

Final Verdict :

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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