Global Broker Regulation Inquiry App
WikiFX
Rpy Sundram
1-2 years

Does OSL charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
OSL
Fees and Spreads
09-09
United States
WikiFX
Reply

From my assessment and experience researching OSL, I found several areas of concern that make it difficult to provide a clear answer regarding commissions per lot, especially on ECN or raw spread accounts. First, OSL is not regulated, and WikiFX flags its regulatory license and business scope as suspicious, both of which significantly undermine trust. As a conservative trader, platform regulation is non-negotiable for me due to client safety and recourse in case of disputes. Digging into OSL’s offering, the only available trading products appear to be equities. OSL does not offer forex, commodities, indices, or typical account structures like ECN or raw spread accounts that are found with other brokers. There’s also no MetaTrader (MT4 or MT5) support, and trading occurs exclusively on OSL’s proprietary platform. The documentation does not provide details about account types, spreads, or commission charges, and the absence of such critical information is worrisome. Overall, from my perspective, if you’re seeking a broker for forex trading with ECN or raw spreads and transparent per-lot commissions, OSL does not meet those industry standards. The lack of regulatory oversight, clarity on costs, and transparency is a serious red flag for me, and I would exercise caution before engaging with OSL for any trading activity.

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