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St. Vincent & the Grenadines

OspreyFX
St. Vincent & the GrenadinesForex/CFD ECN (CLOSED Jul 2025) ยท since 2019
1.2
/ 5 โ
RegulationSIN REGULAR - DEFUNCT
Min. deposit$25
Leverage1:1 โ 1:500
PlatformsMT4, MT5, TradeLocker
InstrumentsForex/CFD ECN (CLOSED Jul 2025)
Founded2019
๐๏ธ Which entity will open your account?
๐ Pick your country above and we'll tell you exactly which entity opens your account at OspreyFX.
How is this decided and how do I verify it? โRegulation by region
The entity you sign with โ and your protection โ changes depending on where you live.
United Kingdom
No FCA license
Not authorized by the FCAEuropean Union
No license
No European authorizationUnited States
Not registered
Operated as an unregistered offshore entityAustralia
No ASIC license
Not authorized by ASICRest of the world
โ Closed โ defunct broker (2025)
ospreyfx.com only shows the closure notice: ceased operations on 07/07/2025. Osprey Ltd, IBC in SVG (not a financial license). Closed after growing withdrawal complaintsAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
StandardECN (historical)
PROadvanced account (historical)
Pros
โ
Cons
โNo tier-1 regulation (offshore)
โWithdrawal complaints / confiscation
โNo compensation scheme
โQuestionable transparency
โDamaged reputation
โVery high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Unregulated0/22 pts
Why: CLOSED. Confirmed defunct since 7-Jul-2025 (notice 6-Jun, deposits off 16-Jun, positions 'close only' 20-Jun). Was 'Osprey LTD' in SVG, UNREGULATED
Withdrawals / payments: Denials0/20 pts
Why: before shutting down: withdrawal delays (funds stuck 2+ weeks), suspected price manipulation, unauthorized password changes; WikiFX 1.58/10
Fund safety: No protection0/15 pts
Why: unregulated: no segregation or compensation; 'independent bank' account only stated
Transparency: Misleading0/10 pts
Why: offshore broker CLOSED; FPA ~1.6/5
Reputation: Damaged0/10 pts
Why: founded 2019; CLOSED Jul 2025; Trustpilot 2.4
Costs: Average4/8 pts
Why: irrelevant: the broker no longer operates
Flags detected
๐ฉ[regulation] none -> CLOSED. Confirmed defunct since 7-Jul-2025 (notice 6-Jun, deposits off 16-Jun, positions 'close only' 20-Jun). Was 'Osprey LTD' in SVG, UNREGULATED
๐ฉ[withdrawals] denies -> before shutting down: withdrawal delays (funds stuck 2+ weeks), suspected price manipulation, unauthorized password changes; WikiFX 1.58/10
๐ฉ[fund_safety] none -> unregulated: no segregation or compensation; 'independent bank' account only stated
๐ฉ[transparency] misleading -> offshore broker CLOSED; FPA ~1.6/5
๐ฉ[reputation] bad -> founded 2019; CLOSED Jul 2025; Trustpilot 2.4
Sources
Don't take our word for it โ check it yourself. These are the official registries and legal pages we relied on.
๐ Closure notice on the broker's own site๐ Closure timeline (withdrawals until 7-Jul-2025)Trader reviews
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