XM vs Ospreyfx for 2024

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Forex traders always look for trading with brokers that suit their trading needs and preferences. XM and OspreyFX are online forex brokers that offer their trading services to traders and investors. XM is a  regulated and trusted forex broker. It is regulated in two tier-1, two tier-2, and one tier-4 jurisdictions including ASIC, CySEC, FSCA, FSC-Belize, and DFSA. 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 XM 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.

XM

XM is a multiple award-winning broker that allows its clients to trade forex, CFDs, and real stocks on its MetaTrader platforms. Founded in 2009, XM has over 1000 trading instruments and multiple account types which are designed for newbies, experienced and professional traders. Trading tools are also provided to assist the traders with market analyses.  

Risk warning: 72.89% of CFD accounts lose money 

XM Overview
  • Founded In: 2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations: FSC
  • Trading platform: MT4, MT5
  • Account Types: Ultra Low, Micro, Standard, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
  • US Traders: Not Accept

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 

XM vs OspreyFX: Pros and Cons

XM Pros & Cons

Pros
  • Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
  • Easy and fast account opening
  • Minimum deposit is $5
  • Over 1000 forex/CFDs are available for trading.
  • MT4 and MT5 are the available trading platforms.
  • Quality research, market analysis, and access to trading tools like Autochartist.
  • Quality training for newbies and ‘ultra-low micro account’ for beginners.
  • High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)
Cons
  • Dormant fees are charged after 3 months of no account activity.
  • Trading of real stocks is not available to European traders.
  • Traders have no other choice apart from the MetaTrader platforms.
  • Limited tradable assets.
  • No passive investment services (social trading platform, PAMM accounts);
  • Funding with PayPal is unavailable

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.

XM vs OspreyFX: Side-by-Side Comparison

XM
OspreyFX
Product
Product
XM
OspreyFX
Founded In
Founded In
2009
2019
Founded By
Founded By
Constantinos Cleanthous
Not Found
Headquarters
Headquarters
Limassol, Cyprus
St Vincent and the Grenadines.
Regulations
Regulations
ASIC, CySec , FSC , DFSA, FSCA
None
Min Deposit
Min Deposit
$5
$25
Max Leverage
Max Leverage
1000:1
500:1
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies
Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
Fees
Fees
Spreads as low as 0.6 pips
Spread from 0.1 pips
Platforms and Tools
Platforms and Tools
MT4 , MT5
MT4, MT5
US Traders
US Traders
Not Allowed
Allowed

XM Vs OspreyFX: Our Scores and Ratings

We rated both brokers, XM 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.

XM :

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

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 :

Both XM and OspreyFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. XM is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including ASIC, CySEC, FSCA, FSC-Belize, and DFSA. On the other hand, OspreyFX is an unregulated offshore forex broker. XM provides Multiple trading platforms including MT4, MT5, WebTrader, NinjaTrader, MotiveWave, MultiCharts, TradingView, and more. On the Contrary, OspreyFX does not offer MT4/MT5. It uses only TradeLocker as its trading platform. 

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

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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