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 full 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.
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 the crypto trading, since it offers over 30 different crypto currencies, 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 which can match this offering.
Since its foundation in Israel in 2007, eToro has quickly climbed the ladder of the social trading revolution and proudly occupies the leading position as the world’s biggest social trading and investment platform, which is initially introduced in 2010.
TraderOr is a relatively new entry in the online brokerage world and one that differs significantly from your average broker in that it adopts a Bitcoin-friendly approach, while also allowing traders to make transactions with a zero-commission fee. TradeOr.com might well be the new addition to world of online retail trading that you have been waiting for.
FXTM is a leading Forex and CFD broker, which has to date won several coveted awards and trades under the name ForexTime Limited. This broker is regulated by several financial watchdogs across the globe, including the UK’s Financial Conduct Authority (FCA), and it is thus considered a trusted and secure venue for your trading endeavors. Moreover, it enjoys huge popularity amongst traders of all levels, from beginner to pro, and its users consider the user experience it provides as top-notch.