Hankotrade vs OspreyFX

Hankotrade or OspreyFX – which is better for UK traders 2024? Compare Hankotrade and OspreyFX in this detailed breakdown of their platforms, features and fees.

Hankotrade vs OspreyFX Comparison Table 2024
Hankotrade OspreyFX
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Hankotrade is ranked #92 among CFD brokers. OspreyFX is ranked #54 among CFD brokers.
Review
Review
Hankotrade is an offshore broker with high leverage, low fees and a welcome bonus. OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits.
Pros
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • OspreyFX stands out with its funded account program, providing traders who can prove their skills with $200K and attractive profit splits, providing a fresh avenue to grow trading balances.
  • This broker’s execution model facilitates fast order executions with low latency and competitive, real-time pricing sourced from over 50 banks with spreads averaging 0.1 pips on EUR/USD.
  • OspreyFX offers an excellent selection of third-party platforms (MT4, MT5 and TradingView), especially compared to rival unregulated brokers, catering to day taders looking for advanced charting features and risk management tools.
Cons
  • No regulatory oversight
  • Few payment methods
  • No copy trading
  • Despite offering 24/7 support, we encountered multiple issues during testing, especially when trying to connect to an agent on chat to enquire about forex trading conditions.
  • OspreyFX may have a professional looking website but there’s no escaping the fact it’s based offshore in St Vincent and the Grenadines, providing weak investor safeguards with no negative balance protection.
  • The around 120+ tradable assets is woeful, with a reasonable selection of currency pairs but a terrible suite of EU and US shares especially that make this broker unsuitable for serious stock traders.
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Indices, Commodities, Cryptos Forex, Cryptos, Indices, Stocks, Commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Mobile Apps
iOS & Android iOS & Android
Trading App

The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
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2.2
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • CAD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Platinum
CFD
Speculate on rising and falling prices using highly leveraged CFDs OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active trading strategies, including scalping.
Leverage
1:500 1:500
FTSE Spread
From 0.0 pips 0.5 pts
GBPUSD Spread<
From 0.0 pips 0.8 pips
Oil Spread
From 0.0 pips 0.09 pips
Stocks Spread
NA 0.4 pips
Forex
Trade major and minor currency pairs 24/5 OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad for fresh insights.
Assets
62 55+
GBPUSD Spread
From 0.0 pips 0.8
EURUSD Spread
From 0.0 pips 0.5
EURGBP Spread
From 0.0 pips 0.8
Currency Indices
  • USD
Cryptocurrency
Trade leading cryptos against the US Dollar OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs).
Spread
From 0.0 pips Variable
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • DASH
  • EDO
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • OMG
  • SAN
  • XMR
  • XRP
  • ZEC
  • DOGE
  • SHIB
  • ADA
  • SOL
  • DOT
  • AVA
  • XLM
  • TRON
  • ETC
  • BNB
  • BCH
  • BAT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Hankotrade OspreyFX
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