It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Pros and cons of OSIRIS FOREX
Pros:
Wide range of tradable instruments, including forex pairs, commodities, stocks, cryptocurrencies, and indices.
Three account types with varying deposit requirements, spreads, and commission structures, making it easy for traders of all levels to choose an account that suits their needs.
High maximum leverage options available, up to 1:1000 for the Premium account.
Multiple deposit and withdrawal options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal.
Comprehensive educational resources available, including an economic calendar, online courses, videos, articles, glossary, and analysis tools.
Multiple customer support channels, including email, phone, live chat, and a physical address.
Cons:
The company is not regulated by any financial regulator, which may raise concerns for some traders.
The commission fees on the Zero account may be higher than other brokers, especially for traders who execute large volumes.
The lack of a proprietary trading platform may be a disadvantage for traders who prefer more advanced trading features.
The educational resources provided may not be sufficient for advanced traders who require more in-depth analysis tools and research resources.
The lack of regulation and oversight may result in a lack of transparency in certain areas, such as order execution and pricing.
What type of broker is OSIRIS FOREX？
OSIRIS FOREX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, OSIRIS FOREX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that OSIRIS FOREX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with OSIRIS FOREX or any other MM broker.
General information and regulation of OSIRIS FOREX
Osiris Forex is an Australian-based forex broker that offers online trading services in forex, commodities, stocks, cryptocurrencies, and indices. The company provides various account types, including premium, fixed, and zero accounts, with different features such as spreads, commissions, and leverage. Osiris Forex also offers educational resources such as economic calendars, online courses, videos, articles, glossaries, and technical and fundamental analyses. Customer care services are available through email, phone number, address, and live chat. Osiris Forex is not regulated by any regulatory authority.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Market instruments
OSIRIS FOREX offers a range of instruments to trade, including forex pairs, commodities, stocks, cryptocurrencies, and indices. This diversified selection of investment options allows traders to potentially increase their profits and minimize their risks through portfolio diversification. With access to various markets, traders have the ability to take advantage of opportunities as they arise, including market volatility. However, the company does not provide specific information on the available assets or their trading conditions, such as spreads, commissions, and leverage. Additionally, there is limited information on margin requirements and trading hours for specific assets, which can make it challenging for traders to make informed investment decisions.
Spreads, commissions and other costs
OSIRIS FOREX offers different types of accounts with varying spreads, commissions, and other costs. The Premium account has typical spreads from 1.0 pips and no commission. The Fixed account has fixed spreads and no commission. The Zero account has typical spreads from 0.0 pips but charges a commission of $4 per side per 100000. The spreads offered by OSIRIS FOREX are competitive and can be a good choice for traders looking to save on trading costs. However, the commission charged on the Zero account may be a disadvantage for some traders who prefer not to pay extra fees. Overall, OSIRIS FOREX provides a variety of options to suit different trading needs and preferences.
Trading accounts available in OSIRIS FOREX
OSIRIS FOREX offers its clients a range of account types to choose from depending on their preferences and trading style. The premium account has a low minimum deposit of $50 and maximum leverage of 1:1000, with no commission and typical spreads starting from 1.0 pips, making it suitable for beginner traders. The fixed account, on the other hand, requires a minimum deposit of $250, has a maximum leverage of 1:400, fixed spreads, and no commission. This account type may not be suitable for traders who prefer variable spreads. Finally, the zero account has a minimum deposit of $100, maximum leverage of 1:250, typical spreads from 0.0 pips, and a commission of $4 per side per 100000. This account type is more suitable for scalpers, institutional traders, and day traders. Overall, the variety of account types offered by OSIRIS FOREX caters to different trading needs and preferences.
Trading platform(s) that OSIRIS FOREX offers
OSIRIS FOREX offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for traders. MT4 is a widely used trading platform among forex traders due to its user-friendly interface, availability of a large number of technical analysis tools, and support for automated trading through expert advisors. MT5 is an upgraded version of MT4 with additional features such as the ability to trade stocks and futures in addition to forex. Both platforms are known for their stability and reliability, making them a preferred choice for many traders. However, some traders may find the lack of customization options and integration with third-party tools limiting. Additionally, the platforms may require a stable internet connection for optimal performance and have limited compatibility with newer operating systems and mobile devices.
Maximum leverage of OSIRIS FOREX
As for the paragraph on this dimension, OSIRIS FOREX offers different maximum leverage levels for each of its account types. The premium account has the highest leverage of 1:1000, while the fixed account has a leverage of 1:400 and the zero account has a leverage of 1:250. Leverage is a double-edged sword in trading, as it can amplify both profits and losses. Higher leverage can be useful for experienced traders who have a good risk management strategy, as it allows them to take larger positions with smaller capital and potentially increase their profits. However, higher leverage also involves greater risk, and may not be suitable for inexperienced traders who are still developing their skills and risk management strategies. Overall, traders should carefully consider their level of experience and risk tolerance before choosing a maximum leverage level.
Deposit and Withdrawal: methods and fees
Osiris Forex offers a variety of deposit and withdrawal methods, including bank wire transfer, credit card, debit card, Skrill, Neteller, and PayPal. These multiple options make it easy for traders to deposit and withdraw funds quickly and securely. Deposits are usually processed quickly, and withdrawals can take a bit longer, depending on the payment method used. However, the withdrawal processing times can sometimes be long, which can be a disadvantage. Additionally, some deposit and withdrawal methods may incur fees, which can add to the cost of trading. Despite these disadvantages, the overall convenience and security of the payment methods offered by Osiris Forex make it a suitable choice for traders.
Educational resources in OSIRIS FOREX
The advantages of OSIRIS FOREX's educational resources include the wide range of resources available for traders, including the comprehensive economic calendar, free access to educational materials, a glossary of trading terms, technical and fundamental analysis tools. However, there are some disadvantages, such as the lack of personalized coaching or mentoring available, some resources may be more basic than advanced traders, no live webinars or seminars available, and limited interactive tools for traders. Overall, the educational resources offered by OSIRIS FOREX are a useful tool for traders looking to improve their skills and knowledge in the forex market.
Customer service of OSIRIS FOREX
OSIRIS FOREX offers multiple options for clients to get in touch with their customer support team, including email, phone, address, and live chat. The physical office address available for clients adds a layer of transparency and legitimacy to the company. Additionally, the customer support team is generally quick to respond via live chat and phone, and clients can file and track complaints easily. However, there is no 24/7 customer support, which could be a disadvantage for clients in different time zones. There is also no multilingual support, which could be problematic for clients who do not speak English. Finally, the company has a limited social media presence, which may limit their ability to engage with clients on various platforms.
Conclusion
In conclusion, the above analysis of this venture reveals that it offers a comprehensive set of features and services to its clients, which makes it an attractive option for both beginner and advanced traders. The company's range of account types, platforms, and educational resources provide traders with the flexibility to choose the tools and resources that best suit their trading needs. Furthermore, the company's customer care services, deposit and withdrawal options, and security measures demonstrate its commitment to providing a safe and supportive trading environment. However, there are some potential downsides to consider, such as the limited range of tradable assets and the lack of availability in certain jurisdictions. Overall, this venture appears to be a reputable and well-established company that is worth considering for traders looking for a reliable and user-friendly trading platform.
Frequently asked questions about OSIRIS FOREX
Question: What is the minimum deposit required to open an account with this company？
Answer: The minimum deposit varies depending on the type of account chosen. The Premium account requires a minimum deposit of $50, the Fixed account requires $250, and the Zero account requires $100.
Question: What trading platforms does this company offer？
Answer: This company offers both the MT4 and MT5 trading platforms, which are widely regarded as some of the most powerful and versatile trading platforms available.
Question: Are there any fees associated with deposits or withdrawals？
Answer: This company does not charge any fees for deposits or withdrawals. However, please note that some payment providers may charge their own fees.
Question: What types of educational resources are available on this company's website？
Answer: This company offers a wide range of educational resources, including an economic calendar, online courses, videos, articles, a glossary, technical analysis, and fundamental analysis.
Question: What is the maximum leverage offered by this company？
Answer: The maximum leverage offered by this company varies depending on the type of account chosen. The Premium account offers a maximum leverage of 1:1000, the Fixed account offers a maximum leverage of 1:400, and the Zero account offers a maximum leverage of 1:250.
2022-12-15 22:52
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2022-12-08 12:29
