4.3 / 5
Rating breakdown
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx 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
3.8 / 5
Rating breakdown
Things we liked:
eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients.Account opening is fast and seamless.
It has innovative features like social trading that lets you copy others.
Things we didn't like:
eToro has unreliable customer service, and its trading platform freezes sometimes.Education tools are very limited.
eToro Overview
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.
3.7 / 5
Rating breakdown
Things we liked:
Fast FXTM customer service in several languages.Plenty of educational tools.
Fast account opening
Things we didn't like:
FXTM charges inactivity and withdrawal fees.High financing costs for overnight positions
Limited product portfolio
FXTM Overview
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.
3.7 / 5
Rating breakdown
Things we liked:
A very well-established brokerageHuge variety of asset CFDs and derivatives to trade
Comparatively low fees
Things we didn't like:
Not suitable for beginner tradersPotentially not available for US traders
Admiral Markets Overview
Admiral Markets has been around since 2001 and has since built its reputation as a prominent forex and CFD market maker broker, serving clients in more than 40 countries across the world. The broker has earned licensing and regulatory status in a number of different jurisdictions, including by the strict UK regulatory body the FCA, which renders it a safe and reliable broker to be trading through.