Find out the major disadvantages of OspreyFX Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased OspreyFX Alternatives reviews.
So which Proprietary Trading Firms are better than OspreyFX? Want to jump straight to the answer? FunderPro is the best alternative broker to OspreyFX for May 2023 .
3.0 / 5

Rating breakdown

Challenge difficulty
60%
3.0/5
Support
70%
3.5/5
Trading Fees
50%
2.5/5
Payout scheme
60%
3.0/5

Things we didn't like:

 Relatively new player in the funded account offering
 An entry fee to sign up for the challenge.

Why would you want an alternative to OSPREYFX?

New platforms like OspreyFX that are fresh off the prop firm boat may not yet have built up a successful or eminent reputation being quite “green.” Just as age doesn’t necessarily go hand in hand with quality, so the newer prop firms without a reputation as yet may also be worth holding judgement and investing time and a one-off fee to test.

What to look for in a OSPREYFX Alternative?

With the above in mind, here is what we would suggest as an alternative to OspreyFX funded trading account: a propriety trading firm which fills in the gaps above. Ideally you want to a company behind this funded trading account scheme that appears to be rather credible and enjoys a good reputation, scoring high on Trustpilot

Best OSPREYFX alternatives – Proprietary Trading Firms like (or better than) OSPREYFX

4.3 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
80%
4.0/5
Trading Fees
90%
4.5/5
Payout scheme
80%
4.0/5

Things we liked:

 10% Exclusive Discount Code (SBOCOUPON)
 Minimal rules & unlimited time for completion
 Two-part assessment leading to $200,000 in funding
 Scaling plan & fast-track funding opt

Things we didn't like:

 New player in the funded account offering
 An entry fee to sign up for the challenge.

#1
FunderPro Overview

Founded in Dubai in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.

3.6 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
50%
2.5/5
Trading Fees
60%
3.0/5
Payout scheme
90%
4.5/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.5 / 5

Rating breakdown

Challenge difficulty
90%
4.5/5
Support
40%
2.0/5
Trading Fees
70%
3.5/5
Payout scheme
80%
4.0/5

Things we liked:

  it takes a low percentage cut on your profits

Things we didn't like:

 Not one-off payment
  Challenges perceived to be too hard or pointless

#3
Topstep Overview

Founded in 2012, Topstep has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.

OspreyFX Alternatives Frequently Asked Questions (FAQs):

Are there any sites like OspreyFX?
Yes, there are many sites offering similar services to OspreyFX. These include FunderPro, the5ers, My Forex Funds and many more. If you are looking for an alternative to OspreyFX,  FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Who are OspreyFX Top Competitors?
OspreyFX 's top competitors in May 2023 are: FunderPro, FTMO, Topstep and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

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