OspreyFX Review

OspreyFX distinguishes itself as a rapid ECN broker, proffering an attractive 100:1 leverage ratio to its patrons. The company has evolved to inaugurate its proprietary trading arm, giving traders access to accounts funded up to $100,000.

OspreyFX is vested in the growth trajectory of its traders. They supply top-tier liquidity from premier investment banks, enabling traders to employ diverse trading strategies without curtailing their trading styles. Their primary focal point remains the loss limitation stipulations, aiming to collaborate with consistent traders who, in turn, receive a 70% share of the profits they generate.

Diving Deeper into OspreyFX

An ECN broker par excellence, OspreyFX expanded its horizons by unveiling its funded account challenge scheme on December 30th, 2021. Nestled in Saint Vincent And Grenadines, the firm opens the gateway for traders to access up to $200,000 in funded accounts, post successful completion of their intricate 2-phase evaluation challenge. And the cherry on top? A generous 70% profit share.

Their operational epicenter resides at Suite 305, Griffith Corporate Centre, Saint Vincent And Grenadines.

Demystifying the Funding Scheme

OspreyFX entices its traders with a bifurcated evaluation program, each flaunting four distinct account tiers.

OspreyFX's Evaluation Program Account

Crafted with precision, OspreyFX's evaluation program aims to spotlight diligent and adept traders, offering them rewards for consistent performance across the twin-phased evaluation span. This program empowers traders with a formidable 1:100 leverage ratio.

Phase One stipulates traders to clinch a 10% profit landmark, while adhering to the 5% daily and 12% aggregate loss caps. This profit milestone must materialize within 30 days post the initiation of the first trade. Additionally, a 10-day trading minimum is non-negotiable for progression to the subsequent phase.

Phase Two tasks traders to achieve an 8% profit goal, again within the purview of the 5% daily and 12% aggregate loss boundaries. This goal must be attained within 60 days from the onset of the inaugural trade, along with the mandatory 10-day trading condition.

On successfully navigating both evaluation terrains, traders are ushered into the realm of funded accounts, devoid of profit target strings. The singular requirements encompass the 5% daily and 12% aggregate loss limitations. Seven days post the initiation of your first funded account trade, you're eligible for your maiden payout, which includes not only a reimbursement of your evaluation account fee but also a generous $1,000 bonus as an accolade for successfully clearing the verification challenge. Subsequent payouts maintain a weekly rhythm, with a profit share of 70% relative to the profits amassed on the funded account.

Account Scaling and Rules

The evaluation program accounts currently do not offer scaling opportunities.

Evaluation Program Account Rules

1. Profit Target: A definitive percentage representing the profit to be acquired for evaluation phase culmination, profit withdrawals, or account scaling. Phase 1 demands a 10% target, while Phase 2 stands at 8%. Funded accounts do not carry this criterion.
2. Daily Loss Cap: A 5% loss ceiling per trading day.
3. Aggregate Loss Limit: A cumulative 12% loss threshold.
4. Trading Day Minimum: Both evaluation phases enforce a 10-day minimum. Funded accounts are exempted.
5. Trading Day Maximum: Phase 1 has a 30-day ceiling, while Phase 2 stretches to 60 days.
6. Consistency Clause: This rule mandates traders to uphold consistent trade sizes, risk strategies, and more. The peak profit for a stellar trading day should not eclipse 30% of the overarching profit objective. This rule is exclusive to the second evaluation phase.

How Does OspreyFX Stand Out Among Prop Firms?

OspreyFX carves out a distinctive niche when juxtaposed with other benchmark prop firms. A salient feature that defines OspreyFX is its flexible stance on trading styles. It grants traders the latitude to operate during news cycles, sustain trades overnight, and across weekends. The primary directive to heed is the consistency principle, which emphasizes that earnings on a trader's most profitable day shouldn't overshoot 30% of the total profits accrued. This regulation is specific to the latter evaluation stage.

In the arena of prop firms, OspreyFX's assessment module stands out with its dual-phase approach. Traders are mandated to clear both phases to qualify for payouts. In the initial phase, the profit benchmark is set at 10%, which tapers to 8% in the subsequent phase. The thresholds for maximum daily loss and overall loss stand at 5% and 12%, respectively. Both phases necessitate a minimum of 10 trading days to transition to a funded account. Notably, OspreyFX doesn't offer an account scaling strategy. Contrasting with its peers, OspreyFX incentivizes its accomplished traders with a $1,000 bonus upon their maiden withdrawal from their endowed accounts and further entices them with weekly withdrawal opportunities.

Comparison Table: OspreyFX vs. E8 Funding

Comparison Table: OspreyFX vs. FundedNext

Comparison Table: OspreyFX vs. Finotive Funding

In essence, OspreyFX's differential factor among industry forerunners is its uncomplicated, restriction-light modus operandi. For those collaborating with OspreyFX, adhering to the consistency metrics—exclusive to the second evaluation stage—is paramount.

Is Securing Capital Through OspreyFX Feasible?

Navigating through prop firms that align with your forex trading objectives requires discernment. While a high-profit percentage split on an abundantly funded account might seem enticing, it's imperative to weigh this against the company's expectations. An establishment that anticipates significant monthly returns coupled with a minuscule margin for drawdowns might make your pathway to success exceedingly slim.

Gaining capital from OspreyFX's evaluation program is a tangible possibility, even with its marginally elevated profit benchmarks (10% in the initial phase and 8% in the subsequent phase). It's worth noting that they also prescribe a rather generous leeway for losses, with a 5% daily cap and an overall limit set at 12%.

Taking these facets into account, OspreyFX emerges as a commendable avenue for those seeking funding. Their evaluation program offerings present pragmatic trading goals and conditions for obtaining payouts.

Proof of Payment

As of now, OspreyFX hasn't provided explicit payment proofs since they initiated their funded account challenge on December 30, 2021. However, once you navigate their two-tiered evaluation, you stand to gain weekly payouts, enjoying a profit division of 70%.

For tangible payment evidence, one can reference a particular YouTube video wherein a trader boasts of receiving a whopping payout north of $70k in collaboration with OspreyFX.

OspreyFX's Brokerage Details

OspreyFX operates as an ECN broker, having ushered in a funded account challenge for its clientele. They empower traders with premium liquidity sourced from elite investment banks, facilitating trading on razor-thin spreads that commence from a mere 0.0 pips.

When it comes to trading platforms, OspreyFX extends the flexibility to opt between MetaTrader 4 and MetaTrader 5.

Trading instruments

Trading instruments offered by OspreyFX include the following: forex pairs, commodities, indices, stocks, and cryptocurrencies.

Trading fees

Trading commission:

Spread:

To have a look at the live spreads, use these login details to access the trading account below:

Platform: MetaTrader 4

Server: Osprey-Real

Login Number: 5084769

Password: 3@DPYsIf

‍Download Platform: Click here

Learning & Assistance for Traders

OspreyFX extends educational resources via their website, which is accessible here. They present four distinct learning modules:

1. Beginner
2. Intermediate
3. Advanced
4. Affiliates-Referrals

A discussion thread dedicated to OspreyFX can be located on ForexPeaceArmy, serving as a platform for traders to share insights about the company.

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OspreyFX stands out by offering a complimentary demo account before diving into the evaluation challenge, allowing traders to familiarize themselves, minimize errors, and assess their intricately designed dashboard. This aids in consistently monitoring progress throughout the challenge.

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Feedback from Traders on OspreyFX

Positive reviews abound for OspreyFX.

On Trustpilot, OspreyFX boasts an impressive rating of 3.8/5 from 99 testimonials. It's worth noting that several reviews predate their recent offering of a funded account challenge, introduced on December 30, 2021.

Social Media Presence

You can engage with OspreyFX across various social media platforms:

• Facebook: 1,200 followers
• Twitter: 1,396 followers
• Instagram: 5,268 followers
• Telegram: 520 members

Customer Assistance

For queries, OspreyFX provides an informative FAQ section.

If that doesn't suffice, submit a ticket here and expect a responsive email to the address you've shared.

For direct inquiries, reach out to: support@ospreyfx.com.

Final Thoughts

To sum it up, OspreyFX is a renowned ECN broker that also invites traders to engage with their funded program accounts, providing a choice among four evaluation account sizes.

The evaluation structure adheres to a two-tiered system, necessitating completion before accessing funds and qualifying for profit divisions. OspreyFX mandates profit thresholds of 10% in the inaugural phase and 8% in the subsequent, presenting pragmatic goals, especially given the daily 5% cap and the overarching 12% loss constraint. Successful evaluation leads to a lucrative 70% profit share. However, OspreyFX does not proffer any scaling plans for their evaluation accounts. A cherry on top - a bonus of $1,000 accompanies your initial withdrawal, with the added perk of weekly withdrawals.

OspreyFX garners a recommendation for individuals seeking a trustworthy funding initiative that's transparent. Predominantly a brokerage, they propose a stellar funding scheme catering to diverse trading proclivities. Upon evaluating the breadth of offerings by OspreyFX, it emerges as a formidable choice for traders aiming to command substantial capital.

This OspreyFX assessment was refreshed on 09.08.2023 at 08:02 CE(S)T.

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