No valid regulatory information
Please be aware of the risk!
No restriction on the broker account. Provide service support by WikiFX
It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
They will promise that withdrawals are simple, but in reality it is impossible. I'm sure they are good to some customers to stay effective, but they stole my money directly and did the same to many others. They even changed my password to clear my account and acted as if nothing happened. More than 50 emails, still no solution.
Never believe that this platform is a liar
Don't information. This platform is a liar
Crazy slippage, irregular price
This image is OspreyFX compared with a legit broker at the same time! You can see the difference in market price. They manipulate spread anyhow they want, they’ll either blame news event (even though there’s no news) or market volatility. Beware guys
Thanks to soaring oil prices over the past decade, the Middle East has maintained rapid economic growth, and it has become one of the richest and fastest-growing regions in the world. We are delighted to announce that WikiFinance EXPO 2022 will be held in Dubai.
Recent rallies in the major indexes have had a hard time hanging onto their gains lately.
The European Commission, the executive arm of the EU, had decided to put forward new sanctions against the Kremlin, which will include a six-month phase out of Russian crude imports.
Even as the parallel market exchange rate approaches N590/$1, the country's ongoing foreign exchange scarcity has worsened.
Let us now turn our attention to the first item of discussion for today: the central bank of Nigeria formally announced the commencement of the RT200 FX program in an effort to gain 200 billion dollars in FX repute over the following three to five years. The Rt200 forex program is based on the background value of increasing export facilities, non-oil commodity expansion facilities, and by on or non-all export summits. This strategy is projected to boost and weaken the supply side of the foreign exchange market, which is more important and influential than demand management involvement in the foreign exchange market.
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General Information & Regulation
Established in 2019, OspreyFX is an offshore broker located in St. Vincent and the Grenadines. OspreyFX is There is no detailed information about the regulator on the official website of OspreyFX. Traders are not advised to trade with unregulated brokers, as there is limited protection should something goes wrong.
OspreyFX offers investors a wide range of popular financial instruments, including mainstream currency pairs, minor currency pairs, exotic currency pairs, US stocks, EU stocks, metals, indices, and cryptocurrencies.
OspreyFX offers five trading accounts, including the Mini (minimum deposit of $25), Standard (minimum deposit of $50), Variable (minimum deposit of $250), and Pro accounts (minimum deposit of $500).
In respect to trading leverage, the maximum leverage level offered by OspreyFX is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, therefore, it is a key risk determination for traders to choose right amount.
Spreads & Commissions
The spreads on the OspreyFX trading platform start at 1.0 pips on Mini Accounts, trading 29 currency pairs with a commission of $1 per lot. Spreads on Variable Accounts start from 1.2 pips and allow trading in 55 currency pairs without commission. Standard accounts have spreads starting from 0.8 pips and can trade up to 55 currency pairs with a commission of $7 per lot. The spreads on Pro Accounts start from 0.4 pips, and 55 currency pairs can be traded with a commission of $5 per lot.
OspreyFX offers traders the flexibility to choose from the MT4 desktop, MT4 iOS, MT4 Android, MT4 Mac, and Web Trader. MT4 is recognized as the industry's most desirable forex trading platform, helping traders customize their trading strategies with powerful charting tools and multiple technical indicators, providing traders of all levels with an excellent trading experience for traders of all levels.
Deposit & Withdrawal
OspreyFX supports the main deposit and withdrawal methods such as VISA, MASTERCARD, wire transfer, Skrill, QIWI, Astropay, GiroPay, etc. Additionally, OspreyFX offers a deposit bonus of 10% of the deposited amount (up to $/€/£5000). The deposit bonus will be received as a credit amount on the client's MT4 account. To transfer a Deposit Reward from the credit account into balance, a Client has to trade at least 1 standard lot per each $€£ 5 of the Deposit Reward collected.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.