OspreyFX Review
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OspreyFX Review

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.

Pros
  • 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
Cons
  • 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 at Saint Vincent And Grenadines and are offering traders up to $100,000 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 their traders four different account sizes with a 2-phase evaluation challenge.

The prices for the accounts are:

  • $25,000 account for $250
  • $50,000 account for $400
  • $100,000 account for $700
  • $200,000 account for $$1,100

The evaluation challenge is made out of two phases. After completing both, you are awarded a funded account. You can use 100:1 leverage during evaluation phases and after getting funded.

Phase one has a required profit target of 10% with a maximum period of 30 days to reach it and a minimum of 10 trading days. You have to follow the following rules: the 5% maximum daily and the 12% maximum overall loss limit.

Phase two is the same as phase one. It has a required profit target of 10% with a maximum period of 30 days to reach it and a minimum of 10 trading days. You have to follow the following rules: the 5% maximum daily and the 12% maximum overall loss limit.

After completing both evaluation phases, you are awarded a funded account where you are eligible for 70% profit shares weekly. You have the exact rule requirements as on evaluation phases to follow, which are the 5% maximum daily and the 12% maximum overall loss limits.

OspreyFX allows traders to trade on MetaTrader 4 and MetaTrader 5 platforms. They also allowed overnight and weekend holding while news trading is also allowed.

What makes OspreyFX different from other prop firms?

OspreyFX is different from most industry-leading prop firms due to starting as a broker and later implementing their funded trading accounts with a 2-phase evaluation for their traders. They also never regulate your trading style. For example, you can hold positions overnight, during weekends, and trade news.

OspreyFX offers a high 100:1 leverage and a profit target of 10% for both evaluation phases compared to other prop firms. Comparing that to FTMO, it is harder to achieve since they have a profit target of 10% in phase one and 5% in phase two. Each stage of the evaluation process has a minimum of 10 trading days, which is identical to FTMO. MyForexFunds, for example, have a minimum of 5 trading days requirement for each evaluation phase.

Another difference from most prop firms is that payouts are available weekly with a profit share of 70%.

In conclusion, many strategies can acquire funding from OspreyFX since they never regulate your trading style as long as you don’t surpass their loss limits.

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.

After adding all of that into consideration, OspreyFX is an excellent choice to get funded with. This is since you need to pass an evaluation challenge of two phases.

The rules for the evaluation challenge are realistic since the profit target for both phases is 10%, with a 5% maximum daily and 12% maximum overall loss limits. You can also hold trades overnight and during the weekend, with news trading also allowed. Considering all of that, it is an excellent choice for anyone looking for work with accounts up to $200,000 capital.

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.

FOREX:EURUSDAUDUSDGBPUSDUSDCADUSDCHF
USDJPYAUDCADAUDCHFAUDJPYAUDNZDCADCHF
CADJPYCHFJPYEURAUDEURCHFEURGBPEURJPY
EURNZDGBPAUDGBPCADGBPCHFGBPJPYGBPNZD
NZDCADNZDCHFNZDJPYNZDUSDNZDSGDAUDSGD
CHFSGDEURDKKEURHKDEURNOKEURPLNEURSEK
EURSGDEURTRYEURZARGBPDKKGBPNOKGBPSEK
GBPSGDGBPTRYNOKJPYNOKSEKSEKJPYSGDJPY
USDCNHUSDCZKUSDDKKUSDHKDUSDHUFUSDMXN
USDNOKUSDPLNUSDRUBUSDSEKUSDTHBUSDTRY
USDZAR
COMMODITIES:XAUUSDXAGUSDXPTUSDCOPPERNGAS
UKOilUSOil
INDICES:SPX500US30DAXUK100ESP35
EUSTX50FRA40NAS100JPN225
CRYPTO:BTCUSDBITUSDDASHUSDEOSUSDETHUSD
LTCUSDNEOUSDXMRUSDZECUSDBATUSDBCHUSD
BNBUSDSOLUSDAVAUSDOMGUSDIOTAUSDETCUSD
ADAUSDDOTUSDTRXUSDXLMUSDXRPUSDDOGEUSD
SHIBUSD1000

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 average feedback from their reviews.

Trustpilot has a limited number of comments about OspreyFX with an average score of 3.5/5 out of 11 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:

Support

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.

Conclusion

In conclusion, OspreyFX is an ECN broker that has added a funded account challenge on the 30th of December, 2021, for their traders to acquire funds. With funding from $25,000 up to $200,000 capital per account, a high 70% profit split, weekly payouts, and relaxed trading rules, it’s an excellent firm for undercapitalized traders seeking investors for their trading.

I would recommend OspreyFX to anyone who has been reaching consistent results for a while and is looking to work with larger amounts of capital. While they are still a relatively new firm, they offer excellent conditions for a big pool of different trading styles for individuals.

This review about OspreyFX was lastly updated on 19.05.2022 at 11:28 (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 Details

Trading platform
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Tradable instruments
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Account size up to:
$100,000
OspreyFX Account
*Choose your account size and make a payment
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