Osprey FX Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of Osprey FX Forex Brokers and alternatives with lower fees and more security. Unbiased Osprey FX Alternatives reviews.

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

Why would you want an alternative to OSPREYFX?

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.

What to look for in a OSPREYFX Alternative?

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.

Best OSPREYFX alternatives – forex brokers like (or better than) OSPREYFX

4.2 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

#1
AvaTrade Overview

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.

4.0 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#2
XM Overview

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.

3.9 / 5

Rating breakdown

Security
100%
5.0/5
Ease of Use
80%
4.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
70%
3.5/5
Support
70%
3.5/5

Things we liked:

 Multiple social copy trading platforms are available.
 Pepperstone is regulated in three Tier-1 jurisdictions, two Tier-2 jurisdictions, and two Tier-4 jurisdictions.

Things we didn't like:

 Mostly CFDs offered
 MetaTrader platform is basic
 Slow live chat

#3
Pepperstone Overview

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.

OspreyFX Alternatives Frequently Asked Questions (FAQs):

Are there any sites like OspreyFX?
Yes, there are many sites offering similar services like OspreyFX. Those include AvaTrade and many more. If you are to look for an alternative to OspreyFX for your forex trading needs, then you must make sure it is one with a better offering.
Who are OspreyFX Top Competitors?
OspreyFX 's top competitors in July 2024 are: AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

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