Osiris Forex 2025 Review: Everything You Need to Know
Summary
The Osiris Forex review reveals a concerning picture of this broker, primarily highlighting its lack of regulation and numerous user complaints. Users have reported difficulties in withdrawing funds, raising significant red flags about the legitimacy of the broker. Notably, Osiris Forex claims to offer high leverage and various account types, but its unregulated status and the revocation of its ASIC license suggest that traders should exercise extreme caution.
Note: It is important to recognize that Osiris Forex operates under different entities across regions, which may complicate regulatory oversight. This review aims for fairness and accuracy by relying on a comprehensive analysis of available sources.
Rating Summary
How We Rate Brokers
Our ratings are based on a thorough analysis of user experiences, expert opinions, and factual data regarding the broker's offerings.
Broker Overview
Founded in 2024, Osiris Forex is operated by Osiris Trade Limited, claiming to be based in Australia. However, it has been flagged for operating without valid regulation, particularly after its ASIC license was revoked. The broker offers trading through MetaTrader 4 and MetaTrader 5 platforms, providing access to a range of assets, including Forex pairs, commodities, stocks, cryptocurrencies, and indices. Despite these offerings, the lack of regulatory oversight raises substantial concerns.
Detailed Analysis
Regulatory Status
Osiris Forex operates as an unregulated broker, which is a significant warning sign for potential traders. The Australian Securities and Investments Commission (ASIC) revoked its license, leading to questions about the safety of client funds. According to WikiFX, the broker has a "suspicious scope of business" and has received multiple complaints regarding its operations. Furthermore, it has been reported that the broker does not have a valid regulatory status, which is critical for ensuring the safety of traders' investments.
Deposit/Withdrawal Options
Osiris Forex requires a minimum deposit of $50, which is relatively low compared to industry standards. However, the withdrawal process has been reported as problematic, with users indicating that they face significant hurdles when attempting to access their funds. Many clients have voiced frustrations about being unable to withdraw their capital, as noted in multiple reviews, including those from ScamWatcher. This lack of transparency in financial transactions is a major concern for potential investors.
Trading Costs
The broker offers spreads starting from 0.0 pips, which may seem attractive at first glance. However, the commission fees on certain accounts can be high, particularly for the zero account, which charges $4 per side per $100,000 traded. As per Forex Brokerz, the overall fees at Osiris Forex are slightly above industry standards for some accounts, which can deter potential traders looking for cost-effective trading solutions.
Leverage
Osiris Forex advertises high leverage ratios of up to 1:1000, which can be appealing to experienced traders looking to maximize their positions. However, such high leverage can also significantly increase the risk of substantial losses, especially for novice traders. The high leverage, coupled with the lack of regulatory oversight, raises serious concerns about the broker's commitment to protecting its clients.
Traders at Osiris Forex can access both MetaTrader 4 and MetaTrader 5, which are widely recognized platforms in the trading community. However, there are reports suggesting that the registration process for accessing these platforms may be cumbersome, requiring invitation codes that could deter potential users. This aspect was highlighted in the review by ScamWatcher, indicating a lack of transparency in their operations.
Customer Support
Customer service at Osiris Forex has been criticized for its inefficiency. Users have reported difficulties in reaching support and receiving timely responses to their inquiries. The lack of transparency regarding contact details further exacerbates the issue, as many potential clients find themselves unable to get assistance when needed. According to BrokersView, the absence of a physical address and limited communication channels raises additional concerns about the brokers reliability.
Rating Summary (Detailed)
Detailed Breakdown
- Account Conditions: The broker offers various account types, including premium, fixed, and zero accounts. However, the high commission fees on the zero account and the overall lack of regulatory backing limit the appeal.
- Tools and Resources: While Osiris Forex provides access to MT4 and MT5, it lacks proprietary tools that could enhance the trading experience.
- Customer Service and Support: Many users have expressed dissatisfaction with the customer support, indicating delays and unresponsiveness, which is critical for traders needing assistance.
- Trading Experience: The high leverage offered can attract experienced traders, but the associated risks are significant, especially without regulatory protection.
- Trustworthiness: The unregulated status and the revocation of its ASIC license are major concerns that overshadow any positive aspects of the broker.
- User Experience: The overall user experience is marred by reports of difficulties in fund withdrawal and insufficient customer support.
In conclusion, the Osiris Forex review paints a troubling picture of a broker that lacks the necessary regulatory oversight and has numerous complaints from users. Potential traders are advised to proceed with extreme caution, considering the significant risks involved.
