Score
OsmosisFX
United States|2-5 years| https://osmosisfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed OsmosisFX also viewed..
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Website
osmosisfx.com
Server Location
United States
Website Domain Name
osmosisfx.com
Server IP
172.67.165.188
Company Summary
| OsmosisFX | Basic Information |
| Registered Country/Area | United States |
| Founded year | 2012 |
| Company Name | OsmosisFX |
| Regulation | No Vliad Regulation |
| Minimum Deposit | No minimum deposit |
| Maximum Leverage | Not specified |
| Spreads | Not specified |
| Trading Platforms | MT5 |
| Tradable assets | cryptocurrencies, major, minor, and exotic forex currency pairs, gold, and indices |
| Account Types | Not specified |
| Demo Account | Not specified |
| Islamic Account | Not specified |
| Customer Support | 7/24, Live chat, email |
| Payment Methods | VISA, MasterCard, Cryptocurrency, Bank Transfer |
| Educational Tools | No |
Overview of OsmosisFX
OsmosisFX is an established brokerage firm that was founded in 2012 and is registered in the United States. However, it's important to note that the company lacks valid regulation.
One of the advantages of OsmosisFX is that it does not impose a minimum deposit requirement, allowing traders to start with any amount they prefer. The maximum leverage and spreads, unfortunately, are not specified on their website, making it challenging for potential traders to assess the trading conditions accurately.
OsmosisFX exclusively supports the popular MT5 trading platform, offering traders access to the financial markets. While OsmosisFX does provide customer support around the clock through live chat and email, it is important to note that there is no information available about different account types, including demo and Islamic accounts. This lack of transparency can be a disadvantage for traders seeking specific account features.
In terms of payment methods, OsmosisFX accepts VISA, MasterCard, cryptocurrency, and bank transfers, which is quite limited compared with most other brokers.
Is OsmosisFX legit or a scam？
OsmosisFX claims to be registered with the license of Common Business Registration; however, it's important to note that this registration does not indicate any regulatory oversight specific to forex trading. In other words, OsmosisFX is not regulated by a recognized financial authority that provides oversight and safeguards for traders.
Given that OsmosisFX does not hold a license from a reputable regulatory authority, traders should exercise caution when considering this broker. Trading with an unregulated broker carries inherent risks, such as potential misconduct, lack of fund protection, and limited recourse in case of disputes.
It is recommended for traders to prioritize regulated brokers that are licensed by recognized financial authorities. Regulated brokers offer a higher level of trust and security, providing traders with peace of mind and confidence in their trading activities.
Pros and Cons
OsmosisFX provides traders with the popular MT5 trading platform, offering access to trading on various cryptocurrencies. However, essential information such as spreads, leverage, and commission details are not specified, which can make it challenging for traders to assess trading costs. It's worth mentioning that a 2% withdrawal fee is applicable, which can impact profitability for traders. Furthermore, OsmosisFX does not provide any educational resources, which may be a drawback for traders seeking educational materials to enhance their trading knowledge and skills.
| Pros | Cons |
| MT5 trading platform supported | No license to support forex trading |
| Access to trading on cryptocurrency | Essential information like spreads, leverage, commission missing |
| 7/24 customer support | Limited payment methods |
| No minimum deposit requirement | 2% withdrawal fees |
| No educational resources offered |
User Experience
The user experience of OsmosisFX can be subjective and may vary based on individual preferences and expectations. Aspects such as the trading platform, customer support, and ease of navigation play a crucial role in shaping the overall user experience.
OsmosisFX supports the widely used MT5 trading platform, which offers a range of advanced features and tools for traders. When it comes to customer support, OsmosisFX offers 24/7 assistance through live chat and email. However, the response times and effectiveness of the support team may vary, which can impact the overall user experience.
Market Intruments
OsmosisFX allows its clients to access a wide variety of assets, including cryptocurrencies, major, minor, and exotic forex currency pairs, gold, and indices.
Cryptocurrency-Traders can immerse themselves in the exciting realm of digital currencies, with popular options such as Bitcoin, Ethereum, Litecoin, Ripple, and more.
Currency Pairs-In addition to cryptocurrencies, OsmosisFX provides an extensive selection of forex currency pairs. Traders have access to major pairs like EUR/USD, GBP/USD, and USD/JPY.
Gold-Recognizing the appeal of precious metals, OsmosisFX enables traders to trade gold, a widely recognized and traded asset. Gold serves as a popular investment option, particularly during times of market uncertainty.
Indices-Furthermore, OsmosisFX offers trading opportunities in indices, representing major global markets. Traders can access well-known indices such as the S&P 500, Dow Jones Industrial Average, and FTSE 100, among others.
How to open an account？
1. Click on the “register” button on the upper right corner of this broker's homepage.
2. Fill in the registration form: Provide your personal information, including your full name, email address, country of residence, and phone number.
3. Select your account type: Choose the type of trading account that suits your needs and preferences.
4. Fund your account: Deposit funds into your trading account using the available payment methods provided by OsmosisFX.
Leverage
OsmosisFX, unfortunately, does not provide specific details about the leverage options available to traders. Leverage is an essential tool in forex trading, allowing traders to control larger positions with a smaller amount of capital. While OsmosisFX does not disclose their leverage offering, it is recommended to reach out to their customer support or consult their official documentation for accurate and up-to-date information. Having a clear understanding of the leverage provided by a broker is crucial for traders to assess their risk exposure and make informed trading decisions.
Spreads & Commissions (Trading Fees)
OsmosisFX keeps its spreads and commissions shrouded in secrecy, adding an air of intrigue to the trading experience. Their website does not reveal the specific details of these financial elements.
Therefore, for precise information about spreads, commissions, and related costs, it is advisable to directly contact the OsmosisFX customer support team or account managers.
Non-Trading Fees
Of course, some non-trading charges that traders should be mindful of:
One such fee is the overnight interest fee, also known as swap fees. These fees are applicable when positions are held overnight and can either be positive or negative, contingent upon the currency pair and prevailing interest rates.
Regarding deposit and withdrawal fees, deposits charge no fees, but withdrawals are subject to a fee of 2%.
Moreover, OsmosisFX may levy inactivity fees for dormant accounts that have remained inactive for a specified duration. These fees are typically imposed to discourage extended periods of account inactivity. However, the broker's website does not provide specific details regarding the duration of inactivity or the fee amount
Trading Platform
OsmosisFX offers traders the highly acclaimed MetaTrader 5 (MT5) trading platform, known for its advanced features and seamless trading capabilities. With the MT5 platform, traders can enjoy a superior trading experience across various devices and operating systems.
The MT5 platform is available for Windows, macOS, Android, and iOS, allowing traders the flexibility to access their accounts and trade from their preferred devices. Whether it's a desktop computer, laptop, smartphone, or tablet, traders can stay connected to the markets and manage their trades on the go.
Designed with user-friendliness in mind, the MT5 platform provides an intuitive interface that enables traders to navigate the platform effortlessly. Advanced charting tools, customizable indicators, and a wide range of order types empower traders to analyze market trends, make informed trading decisions, and execute trades with precision.
One of the standout features of the MT5 platform is its support for automated trading through Expert Advisors (EAs). Traders can develop their own EAs or use existing ones to automate their trading strategies. This automation capability allows for faster trade execution based on predetermined rules and algorithms, saving time and potentially maximizing trading opportunities.
Deposit & Withdrawal
In terms of deposit and withdrawals, what sets OsmosisFX apart is the absence of a minimum deposit requirement, allowing traders to start their journey with any amount they're comfortable with.
When it comes to deposits, OsmosisFX stands out by not charging any fees and they accept online payments via Visa and Mastercard, as well as cryptocurrency and wire transfers.
Regarding withdrawals, OsmosisFX implements a standard withdrawal fee of 2% based on the withdrawal amount. It's important to note that the specific terms and conditions may vary, so it's advisable for traders to consult the broker's official website or reach out to their customer support for detailed information.
Customer Support
OsmosisFX offers multiple channels through which traders can seek assistance, including email, live chat, and phone support 7/24.
Moreover, OsmosisFX acknowledges the importance of self-help resources and has developed a comprehensive FAQ section. This section covers a wide range of trading topics, addressing common questions and providing detailed answers.
Educational Resources
It appears that OsmosisFX does not provide any educational resources for traders. The broker's website does not highlight any educational materials, tutorials, or training programs that are specifically designed to enhance traders' knowledge and skills.
It's important to note that a lack of educational resources can be a limiting factor for traders, especially those who are new to the financial markets or seeking to expand their trading proficiency. In such cases, traders may need to rely on external educational sources, such as online courses, books, or educational platforms, to acquire the necessary knowledge and skills for successful trading.
Conclusion
In summary, OsmosisFX is an online brokerage firm based in the United States, founded in 2012. While it offers some advantages such as no minimum deposit requirement and support for the MT5 trading platform, it lacks crucial information about spreads, leverage, and commission. The absence of valid regulation and educational resources may also be significant considerations for traders seeking a regulated and educational trading environment.
FAQs
Q: Is OsmosisFX regulated？
A: No, OsmosisFX operates without a valid regulation and does not hold a license to support its forex trading activities.
Q: What is the minimum deposit requirement？
A: OsmosisFX does not impose a minimum deposit requirement, allowing traders to start with any amount they prefer.
Q: What trading platform does OsmosisFX offer？
A: OsmosisFX supports the popular MetaTrader 5 (MT5) trading platform, which is known for its advanced features and compatibility across multiple devices.
Q: What are the available payment methods？
A: OsmosisFX accepts VISA, MasterCard, cryptocurrency, and bank transfers as payment methods.
Q: Does OsmosisFX offer demo accounts？
A: OsmosisFX does not provide specific information about demo accounts on their website, and it is unclear if such accounts are available.
Q: Are Islamic accounts available？
A: OsmosisFX does not specify whether they offer Islamic accounts tailored to clients who adhere to Sharia principles.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Fx58944378
United States
Unable to withdraw money, customer service kept asking me to wait, from a few days to a few weeks,It’s a scam usually it only takes 1 day to withdraw money but all of a sudden they start changing rules and asking for more money.
Exposure
2023-09-11
Marcelo916
Brazil
I requested the withdrawal of the total amount from my account on July 10th as directed by Mr. Jacobs (end of investment plan). However, at the moment, the withdrawal request is pending (status: "Under review") and has not been executed. I made several contacts with the OsmosisFX customer support service but I didn't even get a forecast. I want to receive the FULL amount available in my account. Thank you.
Exposure
2023-07-14
Clementine Beauregard
New Zealand
OsmosisFX lacks valid regulation, making it a risky choice. The absence of clear details on spreads and leverage adds uncertainty. Limited account options and payment methods may not suit all traders. The 2% withdrawal fee is a drawback. No educational resources provided. Caution advised due to regulatory concerns and missing information.
Neutral
2023-12-07
Seraphina Persephone Vanderbilt
Nigeria
Just sharing my experience with OsmosisFX. They've been around since 2012 and claim to be registered in the U.S. However, it's essential to note that they lack valid regulation. No minimum deposit is a plus, but details on spreads and leverage are not specified, making it challenging for traders. Exclusive support for MT5 is good, but the absence of different account types and limited payment methods may not suit everyone. The 2% withdrawal fee is worth noting. Due diligence is advised, considering the lack of regulation and essential information.
Neutral
2023-12-06
FX1469092533
United Kingdom
A buddy of mine on a social platform recommended OsmosisFX to me, saying it's a great new trading platform to try out. I gotta say, I was stoked to check it out. But when I signed up, I found out they only offer a demo account, which was a bit of a bummer. That said, I still think OsmosisFX holds some promise. I'm excited to explore their features and get new trading experiences and ideas.
Neutral
2023-06-20
㊣47753
Singapore
I've been trading with OsmosisFX for what feels like ages now, and let me tell you, it's been a real rollercoaster. At first, I was stoked to try out a new platform, but as time went on, I started noticing some serious issues. The spreads are absolutely ridiculous - I'm talking sky high, way higher than what you'd expect from a decent broker. And don't even get me started on their customer service. It's like they go out of their way to ignore your complaints and inquiries. Ain't no one got time for that. Honestly, I'm starting to think that OsmosisFX might be on its last legs. The writing's on the wall, man. I don't trust these jokers one bit. If you're smart, you'll save your cash and go find a more reliable broker to work with. Because let me tell ya, OsmosisFX ain't it.
Neutral
2023-06-20