Though OspreyFX ensures full STP execution of all trading transactions and is backed by an extensive liquidity network, also offering relatively low fees and tight spreads, while also allowing decent leverage ratios, it may not be the most suitable choice for all existing or aspiring traders.
More specifically, since OspreyFX uses the MT4 trading platform in all its variants, traders wishing to trade in a different environment will have to look elsewhere to satisfy their needs. Moreover, since, to date, OspreyFX is not regulated in any jurisdiction, though it does implement several measures to protect the funds, transactions, and personal data of its clients, those who prefer the added reassurance of trading through a fully licensed and regulated broker will also need to seek for an alternative to OspreyFX.
Finally, other limitations in the OspreyFX offering, such as the absence of a direct telephone number for customer support purposes may also be facts that put people off and make them look for alternative brokerage service providers.
OspreyFX TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, OspreyFX has currently 151 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 2.90/5.00.
When seeking an Osprey FX alternative try to consider brokers which can prove that they offset any of the limitations and cons of OspreyFX, while at the same time matching or exceeding the strongpoints of the OspreyFX offering, especially in those aspects which interest you the most.
Make sure that the OspreyFX alternative brokers you will evaluate will be able to allow you to trade on an equally trusted, easy to use and intuitive platform while offering you additional tools and capabilities, as well as solid opportunities for education and training on trading matters. Moreover, search for alternative brokers whose fees and commissions structures are competitive and who offer a wide range of tradeable assets, allowing you to diversify your portfolio. Remember that OspreyFX is particularly attractive when it comes to crypto trading since it offers over 30 different cryptocurrencies, ranging from Bitcoin to Litecoin, Ethereum, and many other popular altcoins. Thus, if you wish to trade crypto then make sure you find an alternative that can match this offering.
Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.
Pepperstone is a Forex and CFD broker headquartered in Australia, offering 156 tradable assets across five different trading platforms. Pepperstone offers a small set of tradeable products but provides forex and CFD traders with competitive pricing and one of the largest selections of third-party platforms, including numerous options for social copy trading.