Hey guys, we’re back with another review. Today, we’re going to have a Review of OspreyFX and the funding program that they’re offering to traders around the world. OspreyFX is actually a well-established brokerage that is also offering a funding program to its traders. This was implemented back in December 2021. Now, they are a fairly attractive funding option to numerous traders who may lack the capital in order to enhance their trading careers. Especially since OspreyFX is already a reputable brokerage that decided to expand into the prop trading industry. But let’s take a deeper look into OspreyFX and see what traders can expect while working with them.
OspreyFX Review by Forex Prop Reviews
OspreyFX is a brokerage that joined the prop trading firm industry by introducing a funding program for traders around the globe. Their intention is to provide traders with a chance to work with significant amounts of capital for a low one-time fee. Now, OspreyFX has its headquarters located in Saint Vincent and the Grenadines. They offer traders a chance to choose between four two-step evaluation programs ranging from $25,000 all the way up to $200,000.
OspreyFX Funding Program
So, it offers its traders a two-step evaluation program with four different account sizes.
- $25,000
- $50,000
- $100,000
- $200,000
The evaluation program aims to identify serious, consistent, and talented traders who are rewarded for their consistency. The program account allows you to trade with 1:100 leverage.
Phase one requires a trader to reach a profit target of 10%, and you can’t surpass your 5% daily loss or 12% overall maximum loss rules. You’re required to hit your profit target in 30 calendar days from the day that you place your first position on your evaluation account. You also have a minimum of 10 trading days in order to proceed to phase two.
Now, phase two requires you to reach a profit target at this time of 8%. Again, keep in mind your daily and overall loss rules of 5% and 12%, respectively. This time, you’re required to hit your profit target in 60 calendar days from the day you place your first position. You’ve ten minimum trading days in order to proceed to a funded account.
By completing both evaluation phases, you are awarded a fully funded account. Of course, that’s the goal here. You have no profit targets, as always; you are just required to respect the daily and overall loss rules.
Trading Platforms
In terms of trading platforms, you can trade on MetaTrader4 or MetaTrader5, as well as the newly introduced TradeLocker trading platform. In terms of trading instruments, you can trade with forex pairs, commodities, indices, stocks, and crypto.
Do you want to learn more about the firm? Watch the Video:
Lastly, don’t forget to use our discount code (FOREXPROPREVIEWS15) for a 15% Discount.
