ANSWER Dear Investor,We are concerned that OspreyFX is a scam.OspreyFX is operated by Osprey Ltd, which claims to be registered with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) under registration number 25288 BC 2019. However, it is important to note that St. Vincent and The Grenadines is a popular offshore jurisdiction known for its lax regulations. The SVG FSA does not regulate, monitor, supervise, or license forex brokers. Therefore, OspreyFX's claim of being registered with the SVG FSA does not constitute authorization to offer financial services or products in the forex market. In essence, OspreyFX is not regulated.Therefore, we strongly advise against using OspreyFX. We frequently receive complaints from individuals who have dealt with forex brokers registered solely with the SVG FSA, and these brokers often have poor reputations.
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