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Abstract：Many websites highlight this fact that OspreyFX is a Unregulated broker . Reviews from users are mixed - some positive, others raising concerns. Now, we're presenting an article based on thorough research that will reveal the reality of this platform. Read the article until the end and be cautious.
Many websites highlight this fact that OspreyFX is a Unregulated broker . Reviews from users are mixed - some positive, others raising concerns. Now, we're presenting an article based on thorough research that will reveal the reality of this platform. Read the article until the end and be cautious.
OspreyFX operates both as a brokerage and proprietary trading platform, but it is not regulated by any major financial authority, such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or the SEC (USA). While it claims registration with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, this registration is not the same as financial regulation. This lack of proper REGULATION means OspreyFX operates without accountability to any recognized financial regulatory body. Therefore, OspreyFX is considered an unregulated broker
Yes, OspreyFX officially ceased operations in 2025. According to an email notification sent on June 6th, 2025, the broker announced it was shutting down its services and ending partnerships with its technology providers. Users were advised to log in immediately and withdraw any remaining funds from their accounts.
OspreyFX notified its users via email on June 6, 2025, about the upcoming closure of its operations. According to their website, users can still access their accounts for a limited time in order to withdraw any remaining funds. Clients were urged to act promptly, as OspreyFX made it clear they would not be held liable for any losses resulting from a failure to withdraw funds within the given timeframe. If you still have money in your account, it is essential to log in as soon as possible and initiate the withdrawal process before the platform shuts down completely.
Despite some positive marketing claims, many users have shared negative experiences with OspreyFX. Below are common complaints gathered from various sources and trading communities:
1. Charges for Withdrawals
One user complained that he had difficulty withdrawing funds. Instead of resolving the issue, the company either charged additional fees or repeatedly apologized without taking any real action. The user described OspreyFX as “the worst company” .
2. Customer Service Is Non-Responsive
Several users expressed frustration with OspreyFX's customer support, calling it “non-existent.” One user mentioned that support representatives never responded, leaving them with unresolved issues.
3. Locked Account, Problem Unresolved
Another trader reported that his account was locked due to alleged suspicious activity. Although he contacted customer support and were told the issue would be resolved, nothing was ever fixed, and their funds remained inaccessible.
4. Misleading Marketing Tactics
One user criticized OspreyFX for using misleading advertising. The broker promoted low spreads, but the actual spreads turned out to be significantly higher.
5. Demo Account vs. Real Account Performance
A user noted that his experience with OspreyFXs demo account was initially smooth, but once he switched to a live account, he encountered price jumps and slippage.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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