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Do You Want to Know If OspreyFX Is Legitimate or a Scam?
Visitors to OspreyFX’s website are greeted with the words, “Lightning fast broker offering 1:500 leverage.” These words do not give the impression that OspreyFX is a service that you can necessarily trust. Seasoned traders may value fast trades, but a certain amount of trust should be earned first. The extremely high leverage is cause for concern, because presumably this broker is encouraging people to trade on the margin which could result in huge losses.
There Are Some Problems with OspreyFX
It is not surprising that OspreyFX has no license. It does offer trading of currencies, stocks and cryptocurrencies and the MT4 platform. There are some decent reviews of OspreyFX, but also some negative ones. The bottom line is that it is unsafe to trade with any broker that does not have a license, particularly one who emphasizes a risky, uber-fast trading style and extremely high leverage.
Red Flags that OspreyFX Could Be a Scam
- No license
- Extremely high leverage
- No transparency
- Negative reviews
If You Need Fund Recovery from OspreyFX, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with OspreyFX, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.