With OspreyFX, 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. But what are the OspreyFx Evaluation Program account rules?
As profit targets, rules, regulations, and time limits vary across each prop trading firm, it’s essential to ensure a compatible fit with your requirements. Therefore, we’ll provide you with the pertinent rules to grant you a clear understanding of the commitment you’re getting yourself into.
OspreyFX Evaluation Program Account Rules
Let’s take a look at them:
- Profit Target. Phase 1 profit target is 10%, while Phase 2 has a profit target of 8%. Funded accounts have no profit targets.
- Maximum daily loss. All account sizes have a maximum daily loss of 5%.
- Maximum loss. All account sizes have a maximum loss of 12%.
- Minimum trading days. Both evaluation phases have a ten minimum trading day requirement, while funded accounts have none.
- Maximum trading days. Phase 1 has a maximum of 30 trading days period while Phase 2 has a maximum of 60 trading days period.
- Consistency Rule. 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. Note that this rule only applies to the second evaluation phase.
Now, the choice is yours.
About the Firm
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%.
For more details about the firm, click here. Also, use our discount code (FOREXPROPREVIEWS15) for a 15% Discount.
