- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
OspreyFX
- Operates as a brokerage with transparent guidelines
- Free trial and complimentary forex education
- Weekly disbursements with $1,000 initial credit
- Striking 1:100 leverage ratio
- Full trading flexibility: overnight, weekend, news, and EAs allowed
- Comprehensive trading: forex, stocks, indices, commodities, and cryptocurrencies.
Cons ❌
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
OspreyFX
Consistency Rule, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target
Retail traders contemplating a partnership with a proprietary trading firm face a multitude of choices. Funded Academy and OspreyFX, despite their apparent similarities, take different approaches in their offerings. This analysis will offer a clear perspective on what each firm brings to the table to aid traders in making an informed decision.
Funded Academy: An Analysis
Funded Academy sets itself apart with striking trading conditions. The headline feature is the access to real accounts with capital scaling up to $1,000,000. This offers serious traders a platform to showcase their prowess without the constrictions of simulated environments. Bi-weekly payouts complement a generous profit share scheme, ranging from 70% to 90%, beneficial for consistent performers.
With leverage scaled at 1:100 for Standard challenge accounts, traders have significant room to manoeuvre. Permissiveness regarding overnight and news trading signals a flexible approach, recognizing skilled traders' need for adaptive strategies. Extended challenge accounts secure exclusive benefits, underlining the firm's aim to cater to dedicated trading professionals. However, potential cons are not listed, which limits the scope of critique.
OspreyFX: An Assessment
OspreyFX, primarily operating as a brokerage, prides itself on transparent operational guidelines—a quality that reassures users. The brokerage offers a well-rounded package, including a free trial and educational resources for novices. Their disbursement of profits on a weekly basis with an initial $1,000 credit provides a cushion for traders to begin trading.
Leverage is competitive at a 1:100 ratio and trading flexibility, permitting positions over weekends and during news events, appeals to various trading styles. The wide array of tradable instruments, including cryptocurrency and commodities, caters to diverse trading preferences.
However, constraints like the minimum 10-day trading requirement and steep commission charges may deter some users. Such explicit trading conditions necessitate a disciplined approach and might not be enticing to all.
Comparative Trading Rules
Each firm applies a distinct set of rules; for Funded Academy, the notable aspects are the Lot Size Limit, and the obligatory use of Stop Loss to manage risk effectively. No Weekend Holding might discourage traders looking for more flexibility. Conversely, OspreyFX's Consistency Rule, ensuring disciplined trading, might appeal to systematic traders, although the minimum and maximum trading days may be perceived as restrictive.
Financial Operations
Both firms offer Crypto and Credit/debit card options for deposits. However, withdrawal methods differ; Funded Academy relies solely on Crypto, whereas OspreyFX facilitates Bank Wire transfers, appealing to those preferring traditional banking.
Account Offerings
Account size offerings are robust within Funded Academy, varying widely to match traders' scale of ambition and risk appetite. OspreyFX, while the details on the account sizes are less specific, operates with flexibility in USD.
Available Trading Instruments
Both trading entities offer an extensive collection of trading instruments, with Funded Academy and OspreyFX allowing trades in Forex, indices, stocks, metals, and cryptocurrencies. OspreyFX stands out with the additional offering of commodities.
Company's Background
The incorporation dates underline the relative newness of both entities — Funded Academy in July 2021 and OspreyFX in December 2021. This freshness suggests an energetic spirit but potentially a lack of the provenance associated with more established firms.
In summary, both Funded Academy and OspreyFX boast their unique strengths, with Funded Academy focusing on large-scale funding for serious traders and OspreyFX offering brokerage services with a comprehensive trading environment. Traders' preferences for trading flexibility, educational support, leverage options, and risk management rules will guide their choice between these two prop trading offerings.
