OspreyFX Forex Broker keeps up-to-date with the latest trading account information, including ENC Account, Mini, VAR, PRO, Standard maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
High leverage options up to 500:1, allowing traders to maximize their potential returns.
Supports a wide range of trading strategies, including scalping, hedging, and algorithmic trading.
Offers a variety of trading instruments, including over 55 forex pairs, 30 cryptocurrencies, and various CFDs.
Cons
Unregulated status raises concerns about the safety and security of funds, as there is no governing authority overseeing operations.
Limited deposit and withdrawal methods, primarily relying on cryptocurrencies, which may not be convenient for all traders.
Reports of withdrawal issues and negative experiences from some users, indicating potential risks in accessing funds.
OspreyFX broker Accounts
ENC Account
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$10
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Mini
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$25
Minimum Spread
1.0
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$1/lot
Products
--
VAR
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$250
Minimum Spread
1.2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
PRO
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$500
Minimum Spread
0.4
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$8/lot
Products
--
Standard
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$50
Minimum Spread
0.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
$7/lot
Products
--
OspreyFX Account Type
OspreyFX offers four distinct account types tailored to different trading needs and styles:
- 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.
- Pro ECN Account:
- Minimum Deposit: $500
- Commission: $8 per lot
- Average Spread: 0.4 pips
- Ideal for professional traders who prioritize tight spreads.
- Var Account:
- Minimum Deposit: $250
- Commission: No commission
- Average Spread: 1.2 pips
- Appeals to traders who prefer a straightforward cost structure without commissions.
- 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:
- Visit the OspreyFX Website: Go to the official OspreyFX website.
- Register: Click on the "Sign Up" button and fill in the required personal information, including your name, email address, and password.
- Verify Your Identity: After registration, you will need to verify your identity by providing a valid form of identification and proof of residence.
- Deposit Funds: Once your account is verified, you can deposit funds into your trading account. The minimum deposit varies by account type.
- Select Account Type: Choose the account type that suits your trading style and preferences.
- Start Trading: After funding your account, you can start trading by logging into the OspreyFX trading platform.
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