OspreyFX Review (15% discount code: FOREXPROPREVIEWS15)

OspreyFX Review (15% discount code: FOREXPROPREVIEWS15)

OspreyFX allows traders to trade liquidity from the top investment banks, meaning that you can trade on ultra-tight spreads, which start at 0.0 pips. They work with some of the largest banks and institutions around the world.
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OspreyFX is a lightning-fast ECN broker that offers 100:1 leverage to its clients. They have decided to make their proprietary trading firm with up to $100,000 accounts.

  • They are also a brokerage
  • Access to demo accounts
  • 100:1 leverage
  • Overnight and weekend holding allowed
  • News trading and use of EA’s allowed
  • Various trading instruments (forex pairs, commodities, indices, stocks, cryptocurrencies
  • 10 Minimum trading days per stage
  • No payment proof (funded account option available since 30th of December, 2021)

OspreyFX encourages its traders to succeed by providing institutional-grade liquidity from top investment banks. You may trade at your discretion and hold your trades as long as you want, which will never regulate your trading style. Their main priority is their loss limit rules with a goal to contract consistent traders who are awarded 70% profit shares for the profit they make.

Who are OspreyFX?

OspreyFX is an ECN broker who also has a funded account challenge program that became active on the 30th of December, 2021. They are located in Saint Vincent And Grenadines and are offering traders up to $200,000 in funded accounts after completing their 2-phase evaluation challenge with a profit share of 70%.

Their headquarters are located at Suite 305, Griffith Corporate Centre, Saint Vincent And Grenadines.

Funding program options

OspreyFX offers its trader’s a two-step evaluation program with five different account sizes.

Evaluation program accounts

OspreyFX evaluation program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Account sizePrice

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 12% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You also have a 10 minimum trading days requirement in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 12% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You also have a 10 minimum trading days requirement in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 12% maximum loss rules. Your first payout is 7 calendar days from the day you place your first position on your funded account. After your first payout, you will continue to receive payouts on a weekly basis. Your profit split will be 70% based on the profit you make on your funded account.

Evaluation program account scaling plan

The evaluation program accounts have no scaling plan.

Evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 10%, while phase 2 has a profit target of 8%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 12%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase or request a withdrawal. Both evaluation phases have a 10 minimum trading day requirement, while funded accounts have none.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • The consistency rule is a rule that requires traders to have consistent position sizes, risk management, losses, gains, etc… Meaning that the characteristics of the account results should not differentiate drastically. The profits earned on your best trading day must not exceed 30% of the overall profit target.

What makes OspreyFX different from other prop firms?

OspreyFX is different from most of the industry-leading prop firms due to almost never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends. The only rule that you should consider is their consistency rule.

Compared to other prop firms, the OsrepyFX evaluation program is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10% in phase one and 8% in phase two with a 5% maximum daily and 12% maximum loss rules, you also have 10 minimum trading day requirements in both phases before becoming funded. Note that their evaluation programs don’t have a scaling plan. Compared to other industry-leading prop firms, they have higher targets and minimal trading day requirements.

Example of comparison between OspreyFX & E8 Funding

Trading objectivesOspreyFXE8 Funding
Phase 1 profit target10%8%
Phase 2 profit target8%5%
Maximum daily loss5%5%
Maximum loss12%8%
Minimum trading days10 calendar daysNo minimum trading days
Profit split70%80%

Example of comparison between OsrepyFX & FundedNext

Trading objectivesOspreyFXFundedNext
Phase 1 profit target10%10%
Phase 2 profit target8%5%
Maximum daily loss5%5%
Maximum loss12%10%
Minimum trading days10 calendar days5 calendar days
Profit split70%80% up to 90%

Example of comparison between OspreyFX & Finotive Funding

Trading objectivesOspreyFXFinotive Funding
Phase 1 profit target10%7.5%
Phase 2 profit target8%5%
Maximum daily loss5%5%
Maximum loss12%10%
Minimum trading days10 calendar days5 calendar days
Profit split70%75% up to 95%

In conclusion, OspreyFX is different from most industry-leading prop firms due to having straightforward rules with minimal limitations. The most important thing to consider is that you follow their consistency parameters.

Is getting OspreyFX capital realistic?

When looking at prop firms that best suit you and your forex trading s are. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the evaluation program accounts is realistic despite the fact that they have slightly higher profit targets (10% in phase one and 8% in phase two). On the other hand, they have slightly higher maximum loss rules (5% maximum daily and 12% maximum loss).

After adding all of that into consideration, OspreyFX is a great choice to get funded since evaluation program accounts that you can choose from all have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

Payment proof from OspreyFX is unavailable since they launched their funded account challenge on the 30th of December, 2021. 

You are eligible for weekly payouts after passing the 2-phase evaluation challenge and are awarded a profit share of 70%.

We will update and add payment proof when we acquire it from traders working with OspreyFX.

Which broker does OspreyFX use?

OspreyFX is an ECN broker that has implemented a funded account challenge for their clients. They provide traders with institutional grade liquidity from top investment banks, which allows them to trade on ultra-tight spreads starting from 0.0 pips.

As for trading platforms, they allow traders to use the following:

Trading instruments

OspreyFX offers its traders a large variety of trading instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies. They also state that they offer traders the chance to trade stocks, but we did not find a spreadsheet.


Trading fees

Trading commission:

AssetsFee terms


In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 4Osprey-Demo2524217WmETkgFtfQClick here

Education & Support for traders

OspreyFX offers education on their site, which you can access by clicking here. They have the following four educational platforms on their page:

  • Beginner
  • Intermediate
  • Advanced
  • Affiliates-Referrals

You can find a thread about OspreyFX on ForexPeaceArmy, where you can find comments about their firm.

They are also one of the few firms that allow you to make a free demo account before starting with the evaluation challenge so you can prepare yourself and reduce the chances of errors. You will have the opportunity to test their well-structured dashboard that will help you keep track of your progress throughout the challenge.

Traders’ comments about OspreyFX

OspreyFX has great feedback from their reviews.

Trustpilot has a limited number of comments about OspreyFX, with a great score of 3.9/5 out of 47 reviews. We have to keep in mind that the reviews were mostly about them being a broker since they added the funded account challenge on the 30th of December, 2021. I suggest you stick around and check back when more reviews are posted.

Social media statistics

OspreyFX can also be found on social media.

They have a:


OspreyFX has a FAQ page where you might find the information that you are missing.

Another option is to write them a ticket here, where you will get an answer sent to the email that you have provided.

You can also directly contact them on their email support@ospreyfx.com.


In conclusion, OspreyFX is a legitimate ECN broker that also allows traders to participate with their funded program accounts. Traders can choose between five different evaluation program account sizes.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. OspreyFX requires traders to reach profit targets of 10% in phase one and 8% in phase two before becoming funded, which are realistic trading objectives considering you have a 5% maximum daily and 12% maximum loss rules to follow. With evaluation programs, you can earn 70% profit splits. However, there is no scaling plan available for any of their evaluation program accounts.

I would recommend OspreyFX to anyone who is looking for a credible funding program with straightforward rules. While their funding programs are relatively new, they offer great conditions for various different trading styles. After considering everything OspreyFX has to offer, they can be a great option for traders who are looking for a larger amount of capital to work with.

This review about OspreyFX was lastly updated on 20.01.2023 at 09:41 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does OspreyFX have the instruments that you want to trade?

Let us know if you enjoyed our OspreyFX Trading firm review!

OspreyFX Review (15% discount code: FOREXPROPREVIEWS15) Details

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4.0 Overall Rating

4 Replies to “OspreyFX Review (15% discount code: FOREXPROPREVIEWS15)”

  • Paul says:

    I passed both phases of the OspreyFX 200k challenge but they came up with bogus reasons to not give me my funded account. I tried disputing it, with no luck. All I received was a refund of the entry fee and a $1000 bonus for passing the challenge. I don’t think they are a legitimate prop firm.

    • Prop Reviews says:

      OspreyFX is actually a well-established brokerage that has later on added the proprietary trading firm funding programs as their offerings. They are for sure a legitimate company that pays their traders. If you ran into any problems with them, make sure to contact their reliable support team to resolve any issues.

  • Daniel Koeneburg says:

    I would like you to look into the correlation between ThorFX and OspreyFX. Their conditions and prices are identical. The MT4 platform and symbols are identical, although having the same liquidity providers is not a red flag, but they have the same address, except one is in Suite 4 and the other in Suite 141. The correlations are just too coincidental. But that should be mentioned in both reviews. Dealing with two firms names, but they are related or even the same is something the prospective trader should be aware of.

    I also think it is HUGELY important to mention that they are UNREGULATED brokers, which MUST be reflected in their rating. Although it is not essential in funded options for trading, if their primary business is being a broker and then unregulated, it is a serious issue.

    Their “24/7 Customer Support” has not been available all morning (Tuesday).

    There is virtually no public reviews which I can trust are from funded traders with proof of payments. I really think the high points of this review at 4.0 is unjustified. ThorFX with IDENTICAL funded requirements and prices has a rating of 4.8.

    I would appreciate your comment as a reviewer. I am not affiliated with any other company, but have personally reviewed 15 of the top firms suggested by this site and ThorFX has been rated very low on trust, although good on conditions. But great conditions vs. a company that can’t be 100% trusted… should be <=3 out of 5 until proven. (similar comment posted on ThorFX)

    • Prop Reviews says:

      We agree there are quite a few similarities between the funding programs of the two brokerages. However, when looking at all the trading rules and objectives, there are also quite a few differences between the two. For example, maximum drawdown, profit splits, stop-loss requirements, lot size consistency, and overall consistency.
      In addition, we haven’t mentioned the details of both brokerages in the review since we are only reviewing the funded trader programs that the firms are providing to traders. Note this is a funded trader program review, not a broker review. Also, kindly note that we have used both brokers, and we were reasonably happy with them despite the fact that the spreads and commissions are slightly higher compared to some of the industry-leading brokerages out there (For example, ICMarkets, Eightcap).
      And lastly, when it comes to ratings, we cover a wide spectre of things to come to a conclusion. We have received payouts with the broker themselves that is running the entire funded trader program. We also cannot exclude the trading dashboard that is one of the better in the industry based on the looks and functionality.
      We would also like to add, that the review updates and rating updates of particular proprietary trading firms occur on a regular basis. We cover updates in most cases on a monthly basis to keep our community up-to date with everything that is happening in the proprietary trading firm industry. That being said, you can be sure that if both proprietary trading firms don’t continue to improve as they age, we will be reducing the current ratings.

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