OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (2024)

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (1)

OspreyFx Prop Firm

Pros

  • ESTABLISHED FOREX BROKER
  • 70% PROFIT SPLIT
  • FUNDING UP TO $200,000
  • WEEKLY PAYOUT OPTION

Prop firms are no longer small mysterious firms that only let professional traders run riot on their capital. There are now over 50+ prop firmsoffering funding to retail traders, ranging from $10,000 to $10,000,000!

Although this is a brilliant problem to have, it’s still a problem! There are so many options and choices for traders, meaning figuring out the best prop firm for your trading style isn’t easy.

In this article, we’re going to take a look at OspreyFx. You may have already heard of these guys, due to the fact they’re also a forex broker and have been in the industry for many years now, providing trading accounts to retail folks around the world. Well, they now offer funded trading accounts, so that’s what we’ll be looking at today.

Let’s get into it…

FEATURED

Lux Trading Firm

5

Lux Trading Firm are a highly rated prop firm offering initial funding of up to $1,000,000 with a 75% profit split.

They offer an amazing scaling program up to $10M, with multiple industry-leading features such as their unique offering to trade on TradingView’s charts, large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, Elite Packages, and no time limits make it the perfect funding option!

Lux Trading is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker!

Props

  • Real Money Funding
  • Brick & Mortar Business
  • Great Reputation
  • Funding Up To $10,000,000

Who Are OspreyFx?

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (7)

OspreyFxOspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (8)are a forex trading broker offering funded accounts for traders of up to $200,000. With a simple challenge process, a 70% profit split and industry leading trading conditions, it’s no wonder we keep seeing OspreyFx pop up on social media with traders showing their withdrawals.

OspreyFx are one of the only prop firms offering real capital funded accounts, which makes them very interesting to trade with. Not only that, the infrastructure they have in place due to owning a brokerage gives traders a more established firm to be working with.

So, could OspreyFx be the right prop firm option for your trading? Let’s find out now…

Getting Funding From OspreyFx?

I’m assuming this is why you’re here… You want funding from OspreyFx!

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (9)

So, let’s take a look at the offering and see if it’s a good fit.

In terms of funded accounts, you are able to trade an account ranging from $25,000 to $200,000. Looking at the price point, these fall in line with the rest of the industry and are all roughly the same price – so if that’s your area of concern, you most likely won’t find much cheaper alternatives!

Let’s assume you’re looking for $100,000 in funding…

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (10)

There is a 2 stage funding process, which is very standard in the industry as I’m sure you’re aware.

1. Demo Stage

In this stage, you’ll need to net 10% profit over 30 days. You’ll have to trade for a minimum of 10 days to prove this isn’t a fluke, alongside having a maximum daily loss of 5% and a maximum total loss of 12%.

2. Verification Stage

Once you’ve passed the demo stage, you’ll be onto verification. This stage is much the same, however, you’ll have an 8% profit target and twice the length of time to complete it!

Also, it’s worth mentioning that the Consistency Rule comes into play during this stage.

3. Get Funded

At this stage, you’ll be sent your funded account details and have no more time duration requirements! You will still have to monitor your risk and drawdown to not violate the trading terms but beyond that, you’ll be away!

We always advise reducing your risk as much as possible when actually funded – you want to keep your account, not lose it!

What Sets OspreyFx Apart From Other Prop Firms?

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OspreyFx is far from a cookie cutter of FTMO – like many of the prop firms popping up seem to be these days.

So, what actually sets these guys apart?

Simply put, there are two reasons why the prop firm offering from OspreyFx is so good..

  • Firstly, they are an established forex broker. This means they have the infrastructure, support teams, liquidity providers, trading platforms, spreads and leverage available to give you the best trading conditions to get funded. This also reduces the likelihood of them falling off the face of the planet, like some prop firms have before.
  • Secondly, they offer real money accounts. Some traders won’t care about this, which is fine, but if you understand how prop firms actually make money you’ll understand that trading on a live account is the only way to sustain the trajectory of the company!

These, I would say, are the biggest unique selling points that OspreyFx bring to the table.

Is It Realistic To Get Funding From OspreyFx?

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (12)

No matter how glamorous a prop firm offering is, it all means nothing if it’s not achievable for traders!

Looking at the offering from OspreyFx, this is fairly standard in terms of difficulty and follows the industry standard 2 step verification model. This is a good thing – the model is tried and tested!

In fact, it could be slightly easier to pass the prop firm challenge due to the 12% total loss limit. For reference, many top prop firmsoffer between 8% and 10% as maximum loss limits.

With that being said, there is also a minimum of 10 trading days. This is double what is required by most prop firms and may, in theory, make it more challenging for traders to get funded. If nothing else, it’ll slow down the time taken to get funded.

There is also a Consistency Rule – which is important to read beforehand! Essentially, you cannot get funded from 1 or 2 huge winning trades, you must prove real consistency and discipline in the markets. This makes sense as you’re being trusted with live trading capital, not a demo account.

Trading With Real Money, Not Demo Accounts

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OspreyFx offer real money trading accounts to all of us funded traders, rather than demo accounts like most of the industry leading prop firmsdo.

This is great to see and actually really useful to traders. I’ve often heard the argument ‘as long as I get paid withdrawals, I don’t care if it’s demo or live’.

To be fair, I completely agree with this sentiment for the most part – it wouldn’t make a great deal of difference to most traders, providing they’re still able to get withdrawals paid.

However, you need to think about this from a long term perspective.

If you’re trading demo funds, you won’t be able to take your track record to another prop firm or institution and seek a job or extra funding – they’ll laugh in your face with a demo account! However, with a live track record, there’s most likely a conversation to be had.

Also, prop firms offering live trading capital make their money from profitable traders. Prop firms offering demo accounts are more likely to fold at some point, as they’re so dependent on losing traders and new traders coming in to pay the withdrawals of profitable traders.

It’s just some food for thought!

OspreyFx Reviews From Traders

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (16)

If you’re a regular of ForexBrokerReport, you’ll know that we hold so much value in other traders reviews. We, of course, aren’t naive to the fact that we can have better experiences than most traders do due to the fact we post reviews!

This is why we like to view other traders reviews and experiences too when compiling our reviews.

OspreyFx is rated Great on TrustpilotOspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (18)with 4/5 stars and over 60 reviews thus far. There is also a fairly comprehensive review of their brokerage offering on DayTradingOspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (19), which may be worth further reading.

Now, it’s important to bear in mind that as these guys also operate a brokerage, many of the views are posted from traders discussing the brokerage, not the funded accounts.

Of course, you get the usual ‘I’ve blown my account’ kind of complaints that can water down positive reviews.

With that being said, as they funding account operation expands and more traders join the ranks, we’ll keep our ear to the ground and keep this review updated so we can see how traders experiences develop over the coming months!

In Summary – Is OspreyFx The Right Prop Firm For You?

In conclusion, OspreyFx has a great offering for traders looking to get funded by a real company. OspreyFx offer great trading conditions, high leverage, weekly payouts, 70% profit split and real trading capital!

The firm haven’t been operating as a prop firm for long, so I’m intrigued to see how they grow over the coming months.

With that being said, if you have an experience trading with this firm, we’d love to hear about it in the comments below. We’ll keep this review updated frequently as more information around the prop firm comes in!

OspreyFx Prop Firm Review – Pros, Cons, Our Experience | Forex Broker Report (2024)
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