IronFX vs OspreyFX - Fees Review included
Which broker is better IronFX or OspreyFX? Our expert assessment conducted according to TU’s own methodology showed that IronFX is one of the top brokers in the financial market with the TU Overall Score of 7.13 out of 10. OspreyFX is one of the top brokers in the financial market with the TU Overall Score of 5.36 out of 10. Find out more about TU Overall Score.
| Feature | IronFX | OspreyFX |
|---|---|---|
Overall |
3.5 |
2.3 |
2.1 |
1 |
|
2.9 |
2.3 |
|
4.2 |
2.7 |
|
Investment Instruments |
4.6 |
2.1 |
Platforms and Charting Tools |
4.4 |
4.3 |
Deposit and Withdrawal |
3.7 |
2.1 |
Research |
3.9 |
1.4 |
Education |
4.7 |
3.4 |
Support |
3.9 |
1.6 |
Bonuses |
4.8 |
1.8 |
|
|
IronFX vs OspreyFX: Pros and Cons
The IronFX broker has been serving clients globally for over 10 years. It offers terms for both active and passive income. The company is registered in Bermuda, and there are no regulatory bodies and no licenses. During its tenure, the broker has received over 30 awards but doesn’t provide data on nominations. When asked about regulation, the broker's support service says that there are several licenses, including the permits of the CySEC (Cyprus) and FCA (Great Britain) regulators. Indeed, a detailed analysis reveals inconsistencies, which are described in more detail in the "Security and protection for clients of IronFX " section. Please note, that the absence of a license means that there is no protection against a broker not fulfilling its obligations and that there is no guarantee of protecting the interests of investors.
OspreyFX is an STP broker that operates on the A Book model and uses ECN technology. It was registered in Saint Vincent and the Grenadines in 2018 and currently is applying for a dealer license. The company offers clients FX and CFD trading, including indices, commodities, stock indices, and cryptocurrencies. Traders can open ECN accounts and trade via mobile or desktop terminals using MetaTrader 4/5 or WebTrader with high leverage
| IronFX | OspreyFX | |
|---|---|---|
| Overall Pros | wide range of trading assets | The size of the minimum deposit is available even to novice traders |
| variety of bonus programs and promotions | High leverage - up to 1:500 | |
| High speed of execution of transactions - 94% of orders are executed at a speed of 30-50ms | ||
| Honest spread, taking into account the broker's markup. Virtually no expansion during times of abnormal volatility due to direct access to liquidity providers | ||
| In addition to active trading tools, the “funded trader” program is presented, which allows you to manage up to 200 thousand USD after passing the test | ||
| Overall Cons | Poor regulation | Rigid tariff policy, more suitable for traders with active speculative strategies |
| the information published on the site is incomplete | The helpdesk is overly automated. To contact the operator, you need to answer a lot of questions from the bot. Operators respond to unregistered users with general phrases without specifics | |
| there are frequent slippages | ||
| periodic delay in withdrawing funds | ||
| High spreads and ECN trading fees |
IronFX vs OspreyFX: Safety and Regulation
| IronFX | OspreyFX | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 £85,000 |
€100,00 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
IronFX vs OspreyFX: Trading Conditions
| Trading Conditions | IronFX | OspreyFX |
|---|---|---|
Minimum Deposit |
$50 |
Standard - $50, Pro - $500, VAR - $250, Mini - $25 |
Trading Platforms |
MetaTrader 4, WebTrader |
МТ4 (including brouser version), МТ5 |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Currency pairs, stocks, metals, indices, futures, commodities, and cryptocurrencies |
FX, Indices, Commodities, Metals, Stocks, Cryptos |
Trading assets |
300+ |
120+ |
Trading Accounts |
Micro, Premium, VIP, Zero Fixed, No commission, Zero Spread, Absolute Zero, demo account |
Standard, Pro, VAR, Mini |
Base Account Currencies |
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK JPY, BTC, PLN, and CZK |
USD |
IronFX vs OspreyFX: Fees
| IronFX | OspreyFX | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,2 |
Standard acc. spread EUR/USD, max pips |
1,2 |
0,7 |
ECN Commission |
2 |
3 |
ECN Spread EUR/USD |
0,4 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IronFX vs OspreyFX: Trading Assets
| Asset Name | IronFX | OspreyFX |
|---|---|---|
Overall |
300+ |
120+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
IronFX or OspreyFX: Investment Programs
| Asset Name | IronFX | OspreyFX |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
There is a "Funded Trader" program. A trader must show on a test account that he can earn money by observing risk management. In case of success, the trader receives a real account with an amount of up to 200 thousand USD in management. Conditions: exam price - from 250 USD, trading: minimum 10 days within 1 month, maximum daily drawdown - 5%, total - 12% |
Trading Platforms: OspreyFX or IronFX
| IronFX | OspreyFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Web Trader (browser version of the platform of MetaQuotes). Forex Squad - own learning platform |
|
|
IronFX vs OspreyFX: Deposit and Withdrawal Methods
| IronFX | OspreyFX | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
IronFX vs OspreyFX: Research
| Research Type | IronFX | OspreyFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
IronFX vs OspreyFX: Education
| Education Type | IronFX | OspreyFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
OspreyFX vs IronFX: Support
| Support Features | IronFX | OspreyFX |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
IronFX vs OspreyFX: Forex Bonuses and Promo
| Promo | IronFX | OspreyFX |
|---|---|---|
Forex Bonus |
"100% Unlimited Sharing Bonus" The "40% Power Bonus up to $4,000" "20% Iron Bonus up to $2,000" |
No |
Affiliate Program |
“Introducing Broker” (IB). Opening a personal account as a broker's representative gives you an advantage in the form of extra bonuses, contests, more favorable trading terms, and rebates. |
Affiliate program with a reward of 2.5 USD for each lot conducted by the referral. The broker provides marketing packages with information materials and provides training free of charge |
Other Promos |
Contests with small deposit |
|
|
|
Top 5 Reviews on OspreyFX
-
Comment
I strongly advise against getting involved with the forex scam operation OspreyFX. These guys pretend to be a major international company, complete with a flashy website, analysts, and supposed licenses. In reality, they’re fraudsters who lure you in for your money and then vanish. I invested $4,000 and made some profit, but as soon as I tried to withdraw even a portion of it, my account was frozen. They came up with ridiculous excuses — first claiming I needed “access level verification,” and then stopped responding altogether. Two weeks later, the website was gone. It’s shocking how openly they steal, and no one seems to care.
-
Comment
Among OspreyFX’s strengths are leverage up to 1:500 and a variety of assets—from forex and metals to cryptocurrencies and US stocks. The minimum order size is 0.01 lots, making the platform accessible to traders with small capital. However, the company is registered in SVG and is not subject to strict financial regulatory oversight. Services include contests, social trading, and an affiliate program, but PAMM accounts are not available. This may limit interest from investors who prefer passive strategies.
-
-
-
Comment
OspreyFX offers a wide range of account types — Demo, Mini, Standard, Pro, and Islamic — which can suit both beginners and experienced traders. The minimum deposit starts at $25, and the spread on EUR/USD begins from 0.1 pips. The TradeLocker platform is adapted for both web and mobile devices. However, the lack of a license from Tier-1 regulators like the FCA or CySEC reduces trust in the company. The Margin Call / Stop Out level is 100% / 70%, which is higher than the industry average. Despite supporting crypto payments and working with over 50 liquidity providers, the stability and security of operations remain questionable.
Top 5 Reviews on IronFX
-
Comment
I use it as part of my 'broker portfolio', and I recommend for all to do the same. No reason to have 1 broker for everything. This is great for gold and metals, mby some commodities, and definitely majors trading. For everything else , I just prefer not to use it, and have fun elsewhere.
-
Comment
If there wasnt such a huge history behind them, they would be just one of many, but with so many people having been first experience with them, they're obviously pretty culturaly significant, to this space. Still continuing to offer decent spreads, still #1 in terms of account number, good promos, good academy. But the support and the keeping up with whats happening inside could be better I think, they could be more proactive, and not just sit on the laurels.
-
Comment
IronFX offers trading conditions suitable for both beginners and experienced speculators. You can choose between fixed and floating spreads. Personally, I prefer working with floating spreads starting from 0.0 pips. MT4, AutoTrade, and VPS support are available — everything needed for stable trading. I’ll also highlight that the broker offers leverage up to 1:1000 on CFDs for silver and oil, which is quite rare. Despite the offshore registration, everything has been fine so far — withdrawals are stable, and I haven’t encountered any issues.
-
Comment
IronFX offers a unique TradeCopier service that lets you tap into the experience of other traders. Everything is automated, with customizable risk settings. I also liked their mobile terminal, which integrates with the client dashboard and supports VPS — convenient for trading via smartphone or tablet. The promotions and bonuses didn’t disappoint either: I received a $150 bonus on a $500 deposit. Withdrawals went smoothly — the funds were on my card within 48 hours.
-
Comment
Overall, smooth trading there. Reliable broker that has something to offer for the beginners. I did not spend much time learning the ropes.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.