Is OspreyFX a legit or scam forex broker?

What OspreyFX is

Due to its claimed, OspreyFX is an online foex broker that offers the trading service through the MT4 and MT5 platforms. The traders who invested in OspreyFX are provided with a leverage of up to 1:500. We have known that OspreyFX was registered in Saint Vincent and the Grenadines. However, Saint Vincent and the Grenadines is a well-known offshore zone. Besides, beware that this broker doesnt have a legitimate license, which means your money have a high risk under their management. WikiFX gives OspreyFX a very low rating of 1.85. Therefore, we advise you to seek a better alternative to invest in.

What the risk looks like

According to WikiFX, OspreyFX has a bad track record of freezing traders‘ accounts and blocking users from withdrawing their funds. One trader who comes from Philippine reports that Osprey stolen his/her money fraudulently. OspreyFX also changed his/her account’s password in order to clear his/her account. The trader sent over 50 emails, and eventually did not get any response from the broker.

Conclusion

We recommend you to keep away from OspreyFX, since it seems to be risky to invest in. WikiFX contains details of more than 31,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can download WikiFX App to your mobile devices in a very short time. WikiFX App supports both the Android system and IOS system and it is completely free to download. Or you can just open our website (https://www.WikiFX.com/en) to check out more information by yourself. The most common way to use WikiFX is to type the name of a certain broker in the search box, WikiFX will give you all information about this broker in a few seconds.