ProsperityFx vs OspreyFX in 2024

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ProsperityFX

ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.

ProsperityFX Overview
  • Founded In: 2020
  • Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: Standard, Pro, Var, Mini 
  • Payment Options: VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

OspreyFX

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 

ProsperityFX vs OspreyFX: Side By Side Comparison

Prosperityfx
Ospreyfx
Product
Founded In
Founded In
2020
2019
Founded By
Founded By
Lee Sullivan
Not Found
Headquarters
Headquarters
Kingstown, St. Vincent and the Grenadines
St Vincent and the Grenadines.
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$25
$25
Max Leverage
Max Leverage
500:1
500:1
Tradable Assets
Tradable Assets
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
Fees
Fees
Spread from 0.8 pips
Spread from 0.1 pips
Platforms and Tools
Platforms and Tools
MT4
MT4 , MT5
US Traders
US Traders
Allowed
Allowed

ProsperityFX vs OspreyFX: Pros and Cons

ProsperityFX Pros & Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

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.

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.

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