OspreyFX is a new online broker that launched in 2019. The most recent MetaQuotes trading systems give customers access to a wide variety of instruments across numerous asset classes. Because of the sophistication required to make use of its technical analysis, varying account options, and high leverage rates, its services are most appropriate for professional day traders. On the other hand, CMC Markets is a global CFD and forex broker established in the United Kingdom that is regulated by a number of the world’s most prestigious financial regulators. CMC Markets offers competitive foreign exchange fees and free or low-cost withdrawal and deposit methods.
OspreyFX Review
Here in review of OspreyFX, some of its elements are discussed:
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Leverage
OspreyFX is able to provide leverage of up to 1:500 on all of its assets because it is not subject to the oversight of any regulatory body. While the potential for increased market exposure and profit makes trading on leverage appealing to many, it requires careful execution. The risk of losing more than you initially invested is increased when using leverage.
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Apps for Mobile Devices
Clients of OspreyFX need not be at their computers in order to manage their accounts or place trade orders. To facilitate mobile trading and position monitoring, MetaTrader 4 and MetaTrader 5 are available as free downloads from the App Store and Google Play, respectively. When compared to desktop or web-based trading platforms, mobile trading lacks the comprehensive features and analysis tools available.
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Assistance to Clients
If you have any issues with your OspreyFX account, whether it’s locked or you’ve received a margin call, you can always reach out to the company’s customer support staff for assistance via any of the usual channels. Use the live chat button in the website’s bottom right corner for the quickest response. You can make a ticket request by either email or phone to have the broker get in touch with you. OspreyFX also maintains a strong presence on popular social media websites like Facebook, Twitter, Instagram, and LinkedIn. The online brokerage’s customer service has received mostly excellent feedback from its clientele.
Pros and Cons of CMC Markets
The CMC Markets pros and cons are listed below:
Pros
- Broker with extensive regulation and a solid track record
- Prolonged period of service
- Broker who has won numerous awards on a global scale
- Numerous trading venues offering favorable trading conditions
- High-quality resources for education, training, and investigation
- Accessible to both amateurs and experts
Cons
- Depending on the law and the organization, terms and conditions may change.
- No around-the-clock client service
CMC Markets Help Desk
An online broker in the modern era may be condemned to fail if it does not give top importance to meeting the demands of its customers in a timely and pleasant manner. This is not news to CMC Markets. Customers and potential customers can reach out by email or the toll-free hotline available 24 hours a day, seven days a week. The Next Generation platform also includes a handy built-in live chat feature. Questions and answers are comprehensive and easy to find. Multiple attempts at chatting resulted in wait times of around 40 seconds. To back up its licensed activities in other jurisdictions, the broker also maintains a network of 13 satellite offices across four continents.
Market Education from CMC
The instructional resources provided by CMC are among the best in the industry. Customers with less experience will benefit from the huge trader’s library, but those with more advanced knowledge will find the technical and foundational courses to be lacking in depth. Given Next Generation’s extensive capabilities, it’s not surprising that a sizable portion of the available educational materials is dedicated to teaching the platform and the software. There is a section containing films about trading methods, as well as introductory lessons to trading the various items on offer. There is a robust schedule of online webinars covering advanced topics thanks to a relationship with Trade With Precision, but there is no way to see recordings of past events. The educational materials are excellent generally, but the absence of a search bar makes it more difficult to locate less common subjects and gives the impression that this part is badly organized.