A Comprehensive Review of Osprey FX

OspreyFX: A Comprehensive Review

Variety of Account SizesOffers four different account sizes for the challenge: Basic, Starter, Pro, and Advance.
Profit ShareTraders can earn a profit share of 70% with weekly payouts.
Two-Stage ChallengeThe challenge consists of two stages, each with its own profit targets and loss limits.
Educational ResourcesOffers a wealth of educational resources, including video tutorials, webinars, and e-books.
Trading RulesImposes daily and maximum drawdown limits and a consistency rule to promote disciplined trading and effective risk management.
News TradingAllows news trading, enabling traders to take advantage of market-moving news.
Trading PlatformUses the reliable and user-friendly MetaTrader 4 (MT4) platform.
Time LimitsThe duration for Stage 1 of the challenge is 30 days, while Stage 2 lasts for 60 days.
LeverageOffers a leverage of up to 1:500, allowing traders to potentially make larger profits from smaller investments.
Payout StructureOperates on a pure STP (Straight Through Processing) model, with competitive spreads and commissions.
Supportive CommunityProvides a supportive community for traders to learn and grow.

Table of Contents

Today, we’re taking a close look at OspreyFX, a prop trading firm that’s been making a name for itself in the forex industry. If you’ve been searching for a detailed review of OspreyFX, you’re in the right place. We’re about to delve into the ins and outs of this firm to see if it’s the right fit for you.

OspreyFX offers a broad range of trading options and a platform that’s designed to meet the needs of today’s traders. But does it live up to the hype? Let’s find out.

In the world of trading, having the right information at your fingertips can make all the difference. That’s why we’re here to provide you with a comprehensive look at OspreyFX. Whether you’re a newbie just starting out or a seasoned trader considering a new platform, this review is designed to help you make an informed decision.

So, let’s get started. It’s time to dive into our review of OspreyFX.

photo of man with glowing dollar sign and text Why Trade with Someone else's capital.
Read: Why Trade with Someone Else’s capital?

Trading Options with OspreyFX

When it comes to trading options, OspreyFX spreads its wings wide. The firm offers a variety of assets for you to trade, making it a versatile choice for traders of all stripes.

Forex is the star of the show here, with over 55 currency pairs available for trading. Whether you’re into major pairs like EUR/USD, or you’re more interested in exotic pairs, OspreyFX has got you covered.

But the trading fun doesn’t stop at forex. OspreyFX also offers CFDs on commodities, indices, and even cryptocurrencies. So, whether you’re a gold bug, a crypto enthusiast, or an indices aficionado, you’ll find something to pique your interest.

In short, OspreyFX offers a smorgasbord of trading options, giving you the freedom to diversify your portfolio and explore different markets. It’s like a buffet for traders – just pick what you fancy and dig in!

Want to Know Which Prop Firms Allow Holding Overnights or Weekends? Head over to our Reviews Page to Find the Best Prop Firms for Advanced Traders. 

Account Sizes: Choose Your Trading Adventure

OspreyFX understands that not all traders are created equal. That’s why they offer a variety of account sizes to suit different trading styles and budgets. It’s like choosing your own adventure, but in the world of forex trading.

For those just dipping their toes in the forex waters, the Standard account is a great place to start. With a minimum deposit of just $10, it’s an affordable entry point into the world of forex trading.

If you’re a more experienced trader looking to up the ante, the Pro account might be more your speed. With a minimum deposit of $500, it offers more features and flexibility for seasoned traders.

And for the high rollers out there, the VIP account is the way to go. With a minimum deposit of $5,000, it offers the highest level of service and a host of premium features.

Whether you’re a small fish in a big pond or a whale ready to make a splash, there’s an account size for you.

OspreyFX offers four different account sizes for the challenge: Basic ($25,000), Starter ($50,000), Pro ($100,000), and Advance ($200,000). Each account size comes with a one-time refundable fee and offers a $1,000 bonus upon completion of the verification challenge.

photo of money and arrows pointing up with the text How to Leverage Up
Read: How to Leverage Up

Leverage: Amplifying Your Trading Power

One of the key features that sets OspreyFX apart is its leverage offering. If you’re unfamiliar with the term, think of leverage like a seesaw. On one side, you have your initial investment, and on the other side, you have the potential for larger profits. The longer the seesaw (or the higher the leverage), the higher you can potentially swing.

OspreyFX offers a leverage of up to 1:500. This means that for every dollar you put in, you can trade up to $500. It’s like having a superpower that amplifies your trading power, allowing you to potentially make larger profits from smaller investments.

But remember, with great power comes great responsibility. While leverage can magnify your profits, it can also magnify your losses. So, it’s important to use this tool wisely and manage your risk effectively.

In a nutshell, OspreyFX’s leverage offering can be a powerful tool in your trading arsenal, provided you use it wisely. It’s like a turbo boost for your trades, but remember to keep your hands on the wheel and your eyes on the road.

Want to Know Which Prop Firms Have the Easiest Rules? Head over to our Reviews Page to Find the Best Prop Firms for Beginners. 

Payout Structure: The Reward for Your Efforts

When it comes to the payout structure, OspreyFX keeps it straightforward. The firm operates on a pure STP (Straight Through Processing) model. This means that your trades are passed directly to liquidity providers, with no dealing desk intervention. It’s like having a direct line to the market, without any middlemen.

photo of man at computer with the word riskIn terms of spreads, OspreyFX offers competitive rates. The spreads start from 0.0 pips on major currency pairs, which is quite attractive. It’s like shopping at a discount – every pip counts!

As for commissions, they are $7 per round turn lot, which is in line with industry standards. It’s a small price to pay for the services provided.

In essence, OspreyFX’s payout structure is transparent and competitive.

Once you complete the challenge and start trading with a real account, you’ll receive 70% of the profits with weekly payouts.

It’s like a clear, well-paved road – no hidden bumps or unexpected turns. Just smooth sailing (or trading) all the way.

Want to Know Which Prop Firms Have the Best Training Programs Included? Head over to our Reviews Page to Find the Best Prop Firms for Beginners. 

Education Offered: Learning to Fly with OspreyFX

OspreyFX doesn’t just provide a platform for trading; it also offers resources to help you become a better trader. It’s like enrolling in flight school, with OspreyFX as your instructor.

The firm provides a range of educational resources, from basic trading guides to advanced strategies. Whether you’re a novice trader just starting out or a seasoned pro looking to sharpen your skills, there’s something for you.

The educational resources include video tutorials, webinars, and e-books, covering a wide range of topics. You can learn about forex trading basics, technical analysis, risk management, and more. It’s like having a personal tutor guiding you through the world of forex trading.  photo of people at computer learning to trade futures and forex

In addition, OspreyFX also offers market news and analysis, helping you stay informed and make better trading decisions. It’s like having a bird’s eye view of the market landscape.

In short, OspreyFX’s educational offerings are comprehensive and accessible, helping you learn the ropes and navigate the forex skies with confidence. It’s not just about making trades; it’s about making informed trades. And that’s a lesson worth learning.

Ready to Give a Prop Firm Challenge a Try? Head over to our Reviews Page to Find the Best Prop Firm for You. 

Challenge Rules: The OspreyFX Gauntlet

OspreyFX sets out a clear set of challenge rules for all traders. Think of it as the rulebook for the trading game you’re about to play.

The challenge is designed to test your trading skills and strategy. It’s like a trial by fire, but don’t worry, OspreyFX provides the safety gear in the form of risk management tools.

The challenge rules include a specific profit target and a maximum drawdown limit. It’s a delicate balancing act – you need to aim for the profit target without crossing the drawdown limit. It’s like walking a tightrope, with profits on one side and losses on the other.

The challenge duration is typically 30 days, giving you a full month to prove your trading prowess. It’s a race against time, but remember, it’s not just about speed, it’s also about strategy.

The challenge consists of two stages. In Stage 1, you’ll start with a demo account and you’re required to make a profit of 10% in 30 days, with a maximum overall loss of 12% and a maximum daily loss of 5%.

Once Stage 1 is completed, you’ll move to Stage 2, where you’ll continue to prove your skills on a second demo account. The requirements for this stage include making a profit of 8% in 60 days, with the same maximum loss limits as Stage 1. Additionally, you’ll need to follow the Consistency Rule, which states that the profits earned on your best trading day must not exceed 30% of the overall profit earned.

In essence, the OspreyFX challenge is a test of your trading skills, strategy, and discipline. It’s not for the faint of heart, but for those who dare, it can be a rewarding journey.

News Trading Rules: Staying Informed with OspreyFX

In the fast-paced world of forex trading, staying on top of the latest news is crucial. OspreyFX understands this and has specific rules in place for news trading. It’s like having a weather forecast for the financial markets, helping you navigate the trading seas more effectively.

photo of tablet with the word riskOspreyFX allows news trading, which means you can trade based on economic news releases. This can be a powerful strategy, as these releases often cause significant market movements. It’s like riding the waves of the market – if you can catch the right wave, you can ride it to profit.

However, it’s important to note that news trading comes with its own set of risks. Market volatility can increase during news releases, which can lead to price gaps and slippage. It’s like sailing in stormy weather – it can be thrilling, but you need to be prepared.

In short, OspreyFX’s news trading rules allow you to take advantage of market-moving news, while also highlighting the risks involved. It’s about making informed decisions and managing your risk effectively.

Drawdown Type: Navigating the Market Waves with OspreyFX

Drawdown is a key factor in trading, and OspreyFX has clear rules about it. If you’re new to the term, think of drawdown as the ebb and flow of the sea. It’s the decline from a peak in your trading account, a natural part of the trading journey.

OspreyFX operates with a relative drawdown rule. This means that the drawdown is calculated in relation to the highest point in your account. It’s like measuring how low the tide goes in relation to the highest wave.

The maximum drawdown allowed in OspreyFX is clearly defined in the challenge rules. It’s a safety net of sorts, preventing you from losing more than a certain percentage of your account. It’s like a lifeguard ensuring you don’t swim too far out into the sea.

Remember, understanding and managing drawdown is a crucial part of risk management. It’s about riding the waves of the market, not getting swept away by them. With OspreyFX’s clear drawdown rules, you can navigate these waves with confidence.

Trading Platform: Your Control Center with OspreyFX

When it comes to the trading platform, OspreyFX keeps it classic with MetaTrader 4 (MT4). If trading platforms were cars, MT4 would be the reliable, time-tested sedan that’s been around the block a few times but still runs smoothly.

MT4 is known for its user-friendly interface and powerful features. It’s like the cockpit of a plane, equipped with all the instruments you need to navigate the forex skies. From real-time price feeds to advanced charting tools, MT4 has got you covered.

One of the standout features of MT4 is its customizability. You can tweak the platform to suit your trading style, adding and removing tools as you see fit. It’s like customizing your car for the perfect road trip.

In addition, MT4 also supports automated trading through Expert Advisors (EAs). It’s like having a co-pilot who can take over the controls when you need a break.

In short, OspreyFX’s choice of MT4 as its trading platform combines familiarity with functionality. It’s a tried-and-true platform that delivers on performance, making your trading journey as smooth as possible.

If you made it to the end of this article, I can tell you are determined to become a successful Forex trader. When you’re ready to sign up with a Prop Trading Firm, we hope that you will utilize our Reviews Page, where you’ll be able to find the right firm and the right challenge for you. 

Time Limits: The Pace of Trading with OspreyFX

Time is of the essence in trading, and OspreyFX sets clear time limits for its traders. It’s like setting the tempo for your trading symphony, ensuring that all the notes come together in harmony.

For the trading challenge, OspreyFX sets a duration of 30 days. It’s a month-long marathon where you need to hit your profit target without exceeding the maximum drawdown. It’s about pacing yourself, knowing when to push forward and when to hold back.

As for individual trades, there are no specific time limits. You can hold positions open for as long as you like, provided you have sufficient margin in your account. It’s like a long-distance road trip – you can drive as far as you want, as long as you have enough fuel. photo of a graph

In essence, OspreyFX’s time limits provide a structure for your trading activities, helping you manage your time and trades effectively. It’s about finding the right rhythm for your trading symphony, ensuring that it hits all the right notes.

Pros and Cons: The Highs and Lows of OspreyFX

Every trading platform has its strengths and weaknesses, and OspreyFX is no exception. Let’s take a balanced look at what it brings to the table.


  • Variety of Trading Options: With a wide range of assets to trade, OspreyFX is like a well-stocked supermarket for traders. Whether you’re into forex, commodities, indices, or cryptocurrencies, there’s something for you.

  • Flexible Account Sizes: OspreyFX offers different account sizes to suit different trading needs and budgets. It’s like choosing your own adventure in the trading world.

  • Competitive Leverage: With leverage of up to 1:500, OspreyFX gives you the power to amplify your trading. It’s like a turbo boost for your trades.

  • Comprehensive Education Resources: From basic guides to advanced strategies, OspreyFX’s educational resources are like a personal tutor guiding you through the world of trading.


  • Risk of High Leverage: While high leverage can boost your profits, it can also amplify your losses. It’s a double-edged sword that needs to be handled with care.

  • Challenge Pressure: The 30-day challenge can be stressful for some traders. It’s like a ticking clock, adding pressure to your trading decisions.

  • Limited Platform Choice: OspreyFX only offers MT4 as its trading platform. While MT4 is a solid choice, some traders might prefer other platforms. It’s like a restaurant with only one item on the menu – even if it’s a good item, some variety would be nice.

In a nutshell, OspreyFX has a lot to offer, but it’s not without its drawbacks. It’s about weighing the pros and cons and deciding if it’s the right fit for you.

Wrapping Up Our OspreyFX Review

We’ve taken a deep dive into what this prop trading firm has to offer, from its trading options and account sizes to its leverage and educational resources.

OspreyFX certainly has a lot going for it. Its wide range of trading options, flexible account sizes, and competitive leverage make it a compelling choice for traders. Plus, its comprehensive educational resources are a big plus, especially for newbie traders looking to learn the ropes.

However, it’s not without its drawbacks. 

photo of coins

The pressure of the 30-day challenge might not be for everyone, and the risk associated with high leverage is something to be mindful of. Plus, the lack of platform choice might be a  turn-off for some traders.

In the end, whether OspreyFX is the right fit for you will depend on your trading needs and preferences. It’s like choosing a pair of shoes – it needs to be the right fit for you.

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Forex trading involves the buying and selling of currencies in the foreign exchange market. It’s a global marketplace where traders speculate on the price movements of different currency pairs. For more information, check out our Introduction to Forex Trading blog post.

A proprietary trading firm, or prop firm, provides traders with capital to trade in exchange for a share of the profits. The trader doesn’t risk their own money, but must demonstrate their trading skills by passing a prop firm challenge. Read our Prop Firm Reviews for more details.

A prop firm challenge is a test set by the firm to assess a trader’s skills. To pass, you need to meet certain profit targets without exceeding loss limits. Our blog post on How to Pass Prop Firm Challenges provides useful tips and strategies.

To get funded, you must first pass the prop firm challenge. Once you’ve demonstrated your trading skills and risk management abilities, the firm will provide you with a trading account. Check out our Get Funded page for more information.

Traders often blow prop accounts due to poor risk management and emotional trading. To avoid this, it’s crucial to have a solid trading plan and a disciplined mindset. Our Risk Management and Trader Mindset blog posts offer valuable insights on these topics.

The best strategies depend on your trading style, risk tolerance, and market conditions. Common strategies include trend trading, scalping, and swing trading. For in-depth strategies, head to our Trader Education Page.

Continuous learning, practice, and reviewing your trades are key to improving your skills. Our Trading Education section provides resources to help you on this journey.

Yes, we regularly update our Coupons Page with the latest discounts and deals from various prop firms. Be sure to check it regularly!

Forex trading involves significant risks, including market volatility and the potential to lose more than your initial investment. This is why we recommend risking someone else’s money. It’s important to understand these risks and implement effective risk management strategies. Read more on our Risk Management page.

Staying updated on market news is crucial for making informed trading decisions. Many of the Prop Firms we recommend offer access to free tools like a Squawk box or daily live streams to help keep you up to date. Check our Reviews page for more details. 

You’ll need a reliable trading platform, a strong internet connection, and access to market analysis tools. Our Trading Tools page provides recommendations and reviews.

While it’s possible to make a living trading forex, it requires a lot of skill, discipline, and risk management. It’s not a get-rich-quick scheme. For more insights, read our blog post on Making a Living with Forex Trading.

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