OspreyFX broker Accounts

OspreyFX Account Type

OspreyFX offers four distinct account types tailored to different trading needs and styles:

1. Standard ECN Account:

• Minimum Deposit: $50
• Commission: $7 per lot
• Average Spread: 0.8 pips
• Suitable for traders looking for a balance between cost and performance.

2. Pro ECN Account:

• Minimum Deposit: $500
• Commission: $8 per lot
• Average Spread: 0.4 pips
• Ideal for professional traders who prioritize tight spreads.

3. Var Account:

• Minimum Deposit: $250
• Commission: No commission
• Average Spread: 1.2 pips
• Appeals to traders who prefer a straightforward cost structure without commissions.

4. Mini Account:

• Minimum Deposit: $25
• Commission: $1 per lot
• Smaller lot sizes (contract size is x100 smaller)
• Perfect for beginners or those who prefer to trade in smaller volumes.

Each account type offers up to 1:500 leverage, a minimum trade size of 0.01 lots, and a maximum trade size of 1000 lots.

OspreyFX Broker Account Opening Process

To open an account with OspreyFX, follow these steps:

1. Visit the OspreyFX Website: Go to the official OspreyFX website.
2. Register: Click on the "Sign Up" button and fill in the required personal information, including your name, email address, and password.
3. Verify Your Identity: After registration, you will need to verify your identity by providing a valid form of identification and proof of residence.
4. Deposit Funds: Once your account is verified, you can deposit funds into your trading account. The minimum deposit varies by account type.
5. Select Account Type: Choose the account type that suits your trading style and preferences.
6. Start Trading: After funding your account, you can start trading by logging into the OspreyFX trading platform.