Pepperstone vs OspreyFX : Our Analysis & Comparison 2024

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Forex traders always look for trading with brokers that suit their trading needs and preferences. Pepperstone and OspreyFx are online forex brokers that offer their trading services to traders and investors. Pepperstone is a highly regulated and trusted forex broker. It is regulated in three Tier-1 jurisdictions, two Tier-2 jurisdictions, and two Tier-4 jurisdictions. On the other hand, OspreyFx is an offshore forex broker which is not regulated by any regulatory bodies. 

In this article, we will review and compare the brokerage services offered by Pepperstone 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.

Pepperstone vs OspreyFX: In a Nutshell

Pepperstone

Founded in 2010; Pepperstone gives you access to trade more than 1200 forex/CFDs on its powerful platforms; MT4, MT5, cTrader, and TradingView. Courtesy of its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in 7 jurisdictions and boasts of over 400,000 clients from all over the world.

Risk warning: 86% of retail investor accounts lose money.

Pepperstone At a Glance

Pepperstone At a Glance
  • Founded In: 2010
  • Founder: Owen Kerr and Joe Davenport
  • Minimum Deposit: None (However, Pepperstone recommends $200 or equivalent for margin requirements. 
  • Maximum Leverage: Upto 30:1 for ASIC, CySEC, FCA, BaFin, and DFSA jurisdictions, 400:1 for CMA, 200:1 for SCB, and 500:1 for Professional Accounts
  • Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
  • Trading platform: MT4, MT5, cTrader, TradingView
  • Account Types: Standard, Standard (cTrader/MetaTrader 4&5),  Razor (MT4, MT5, cTrader & TradingView)
  • Trading Styles: All including Scalping, Hedging, News Trading, EA Trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
  • US Clients: 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

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 

Pepperstone vs Ospreyfx: Side By Side Comparison

Pepperstone
OspreyFX
Product
Founded In
Founded In
2010
2019
Founded By
Founded By
Owen Kerr and Joe Davenport
Not Found
Headquarters
Headquarters
Melbourne, Australia
St Vincent and the Grenadines.
Regulations
Regulations
FCA, ASIC, SCB, CMA, CySEC and BaFin
None
Min Deposit
Min Deposit
None
$25
Max Leverage
Max Leverage
1:500
500:1
Tradable Assets
Tradable Assets
Over 1200 forex, CFDs in stocks, indices, commodities, ETFs and Cryptos
Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
Fees
Fees
Spread from 1.0 pips, commissions $7/round lot
Spread from 0.1 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, TradingView
MT4, MT5
US Traders
US Traders
Not Allowed
Allowed

Pepperstone vs Ospreyfx: Pros and Cons

Pepperstone Pros & Cons

Pros
  • Regulated in 7 Reputed Jurisdictions (FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA in Kenya, and SCB in the Bahamas) 
  • Fast order execution (fast execution on an average of 30 ms) 
  • Competitive spread starting from 0.0 pips 
  • Segregated clients fund with tire 1 bank 
  • No Inactivity Fees 
  • Attractive Trading Conditions 
  • Wide Range of Instruments Offered 
  • Fast and full online account opening 
  • MT4 Smart trader tools, Autochartist, Capitalise.ai, and free VPS are some of the trading tools available.
Cons
  • US Traders not allowed 
  • Only CFDs are Offered 
  • No cent/Micro Account 
  • Minimum deposit 200
  • Support works only 24/5  
  • Limited account protection for non-U.K./E.U. clients
  • No guaranteed Stop loss 
  • 30-day expiry for demo accounts

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.

Pepperstone Vs OspreyFX: Our Scores and Ratings

We rated both brokers, Pepperstone 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.

Pepperstone

9.4

Total Score
Regulation and Security (40%)10

Fees and Commissions (20%)9.2

Trading (15%)8.5

Trading tools (10%)9

Customer Support (10%)9.6

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

Conclusions :

Both Pepperstone and OspreyFx offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Pepperstone is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA, ASIC, CySEC, DFSA, CMA, SCB, and BaFin. On the other hand, OspreyFx is an unregulated offshore forex broker. Pepperstone provides Multiple trading platforms including MT4, MT5, cTrader, and TradingView. On the Contrary, OspreyFx does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

As Pepperstone 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 Pepperstone, while US traders looking for offshore forex brokers may consider OspreyFx. Trading with offshore forex brokers is risky and not recommended.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

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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