Traders With Edge

OspreyFX Alternative & Comparison

OspreyFX, trader funding, alternative and comparison. That’s what we’re going to cover in this video. So stick around.

Up the top, you’ll see, we’ve got the prop firm and the challenge type. We’ve got the Traders with Edge Turtle, the Traders with Edge Hare, the OspreyFX Challenge. And below that, we’ve got the size of the account. We’re using 100K account across all so we’re comparing apples with apples. The first thing you’ll see is the maximum account size after scaling.

Most prop firms want to give capital to consistently profitable traders. And so, if you start with $100,000 account and you’re consistently profitable, the prop firm will typically top up your account and add more to it so that you trade a bigger account size and obviously, you can earn more from that same account. Traders with Edge has two types of scaling plans. One is organic and the other one is rapid. And OspreyFX doesn’t seem to have any scaling at all. You pay for your Challenge account of 100K, that’s it. You don’t get any scaling, so your account will never grow with them.

If you’re on the Traders with Edge website, traderswithedge.com, and you go up to challenges, scaling plans, you’ll see a page that looks like this. We’ve got the organic and the rapid scaling, the definitions of both. And we’ve got a video that explains the differences, some detailed examples and some charts so you can see just how much faster your account will grow if you elected to go with the rapid scaling plan. And further down, if you keep going down, you’ll see there is another video. And we’ve built a calculator for you so that you can estimate how fast your account would grow and how much more profitable it would be with a rapid scaling plan, as opposed to a normal, organic type scaling plan.

Back to our OspreyFX trader funding alternative and comparison. If we continue down, you’ll see that OspreyFX doesn’t have any type of scaling, as we mentioned. The number of phases of the challenge, there’s a one phase for the Turtle, two phase for both the Traders with Edge Hare and the Osprey challenge. The price is 750 for the Traders with Edge Turtle. It’s 590 for the Traders with Edge Hare. And it’s 700 for the OspreyFX Challenge.

Is the fee refundable? It’s not refundable on the Traders with Edge Turtle account. It’s because it’s a one phase account. Literally after 10 days of trading, you could be funded. With both the Traders with Edge Hare and the OspreyFX Challenge, they take a little bit longer and they’re two step challenges. You do get a refund on those. And typically how it works is once you’ve passed both phases of the challenge and you have traded on a live account, when you’re eligible for your first payout, then you’ll get a refund of the amount that you paid for the challenge.

Target for phase one for all of them is 10%. Target for phase two, there’s no target for phase two on the Turtle account because you’d already be on a funded account by this stage. The Traders with Edge Hare has a 5% target for phase two and Osprey, you need to make 10% to pass the challenge. The maximum drawdown is 5% for the Traders with Edge Turtle. It’s 10% for the Traders with Edge Hare, and it’s 12% for the OspreyFX Challenge.

The daily drawdown is 2.5% on the Turtle, 5% on the Hare and 5% on the OspreyFX Challenge. Profit share with Traders with Edge is 80% on both accounts and just 70% with OspreyFX. The minimum trading days is 10 minimum trading days for phase one on all of them. There is no minimum trading days for phase two on the Turtle because you’d already be on a funded account, as I mentioned. And it’s minimum 10 days on both the Turtle and OspreyFX.

The trading period for the Turtle account is 365 days. You’ve got one full year to pass the challenge. With both Traders with Edge Hare and the OspreyFX challenge, you’ve got 30 days to pass. The trading period for phase two, it’s not applicable again for the Turtle. You’ve got 60 days to pass in the Traders with Edge Hare, and you’ve got 30 days to pass OspreyFX.

Can you hold over weekends? Yes, you can on the Turtle. Yes, you can on OspreyFX. You cannot hold over the weekends with Traders with Edge Hare. Can you use EAs? Yes, you can with all of them. Traders with Edge, we say seek approval first because basically, all prop firms have a rule that says you cannot trade exactly the same strategy as someone else. You can’t copy someone else’s trades who’s already trading for that prop firm. And you can’t use an EA that has exactly the same strategy as that other trader has.

While most prop firms will say upfront, “Yes, you can use EAs.” What happens is you can end up losing your account after trading because you’re using exactly the same strategy as someone else. And you don’t get a refund after that. Moving right along, are you allowed to trade with signals? Yes. Are you allowed to trade with news? Yes. Do you get a free retry? You don’t get a free retry on the Turtle account. It doesn’t make any sense that you get a free retry because you’ve got one full year to pass the challenge.

With the Traders with Edge Hare, how it works is if the time expires for the phase, you are in profit, but you haven’t violated any rules, then you’ll get a free retry to try to pass the challenge again. OspreyFX doesn’t offer any sort of free retry. Can you trade Forex? Yes. Can you trade digital currencies? Yes to all. Commodities, yes to all. Indices, yes to all. Trade share and stock CFDs, yes to all.

Trading competitions, both Traders with Edge and OspreyFX, both have trading competitions. You can enter the competition on the website and you battle it out with other people online over typically a month period. The top traders usually win a prop firm Challenge account to trade and get funded with. Do they have giveaways? Yes. Traders with Edge OfspreyFX have giveaways. Here’s an example of a giveaway that we ran recently. It may or may not be available at the time that you watch this video, but this is just an example of the type of giveaway that we have. You could win one of three $50,000 prop firm Challenge accounts. All you had to do is enter your name and email address to go into the draw to potentially win that.

Do they have trader education? Yes. Both firms have trader education available. Do they have an affiliate program, so if you want to refer someone, then you get paid for that referral? Traders with Edge has an affiliate program, which pays up to 20% for the lifetime of the client. If you referred someone to us today, they make a purchase. You receive a percentage of that purchase. If that same person buys something in a year, two years, three years time, you’re still getting income from that referral that you made today. It’s like having a passive income stream. OspreyFX it’s difficult to see if they actually have an affiliate program for their prop firm challenges. They don’t have it on their website at the time of making this video.

That concludes our review and alternative of OspreyFX. If you’ve got any questions, please go to the website, traderswithedge.com. Talk to us on live chat. Leave a comment below the video and have a great day.

OspreyFX is a forex broker that also offers funded trading accounts. They are headquartered in Beachmont Business Centre, Suite 4, Kingstown., Saint Vincent And Grenadines.

At OspreyFX, traders can benefit from institutional grade liquidity of the top investment banks, as well as completely transparent dark pool liquidity execution venues. This means that you will be able to enjoy tight spreads.

Metatrader is the sole trading platforms offered by Osprey broker with both MT4 and MT5 versions available for desktops, mobile, or as a WebTrader. All trading styles are supported including news spike trading, scalping, and algorithmic EAs.

OspreyFX offers over 55 forex currency pairs, over 30 cryptocurrencies (including popular Bitcoin, Litecoin, and Ethereum), and over 125 stock indexes, precious metals, and commodities CFDs.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

OspreyFX
Challenge

$ 100K
  • 2
  • $700.00
  • Yes
  • 10%
  • 10%
  • 12%
  • 5%
  • 70%
  • 10
  • 10
  • 30
  • 30
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • ?

Choose your account type

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