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Nostro Review 2024

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Nostro Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Nostro
Founded:2023
Headquarter:London, UK
Min Price:$25
Max Fund:$100,000
Challenges:3
About
Nostro Prop Firm offers a flexible trading environment with a profit target of 5% and a daily loss limit of 6%, ensuring traders can operate with confidence. With a low minimum deposit of $25 and a leverage of 1:100, it accommodates both beginners and experienced traders. The platform supports a wide range of asset classes, including forex, commodities, indices, and cryptocurrencies, along with various challenge formats.
Contact
London, UK
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
High profit split
Various funding size
Cons
Relatively strict rules
Restricted news trading

Nostro Prop Firm has emerged as a notable option for traders due to its flexible and trader-focused model. With a low minimum deposit of $25 and a leverage of 1:100, it accommodates both beginners and seasoned traders looking to optimize their returns while managing risk.

Furthermore, Nostro offers different challenge formats—1-step, 2-step, and 3-step—suitable for various trading preferences. In this Nostro Review, we will explore the key features and benefits of the firm to help you decide if it meets your trading needs.

Nostro Review
Experience trading freedom with Nostro Prop Firm's adaptable platform and a wide variety of asset choices

Nostro prop firm company overview

Founded in 2023, Nostro is a UK-based proprietary trading firm that has quickly made a name for itself in the competitive world of funded trading. Founded to empower traders of all levels, Nostro provides a platform where individuals can test and refine their trading strategies without risking personal capital.

Nostro's commitment to transparency and fair trading conditions has attracted a diverse community of traders from around the world. However, it's worth noting that the firm does restrict traders from certain countries, likely due to regulatory considerations.

Nostro specifications summary

Nostro offers a comprehensive suite of trading opportunities designed to cater to traders of varying experience levels and risk appetites. Here's a snapshot of what Nostro brings to the table:

Account currency

USD

Minimum price

$25

maximum leverage

1:100

maximum profit split

85%s

Instruments

forex, commodities, indices, and cryptocurrencies

Assets

EUR/USD, Dow Jones, Gold, Oil, Bitcoin, US stocks

evaluation steps

1-step, 2-step, 3-step,

Trading platform

MT5

Withdrawal methods

Visa, MasterCard, Coinbase, WISE

maximum fund size

$100,000

first profit target

5%

Max. daily loss

6%

Challenge time limit

No Limits

news trading

Conditional

Maximum total drawdown

12%

commission per round lot

$4

trust pilot score

4.5 out of 5

payout frequency

Every 14 days

established country

UK

established year

2023

Nostro's structured evaluation programs provide a clear path for traders to prove their skills and gain access to significant trading capital.

Nostro Advantages & Disadvantages

When considering Nostro as your prop trading partner, weighing both the advantages and potential drawbacks is essential. Here's an objective look at the pros and cons:

Pros

Cons

Access to substantial trading capital (up to $100,000)

Free-funded accounts are currently inactive

Variety of account sizes and evaluation options

Restrictions on traders from certain countries

Multiple payment and withdrawal methods supported

Strict adherence to risk management rules required

Active online community and responsive customer support

High-risk strategies like hedging are prohibited

-

Conditional news trading

Despite these limitations, Nostro's overall offering presents a structured and potentially lucrative path for traders looking to access significant trading capital through a reputable prop firm.

Nostro funding & challenge price

Nostro offers a range of funding options to suit different trader profiles and risk appetites.Alt: Nostro challenge price

Nostro challenge price
Challenge prices in Nostro prop firm start at $25

Here's a breakdown of their funding tiers and associated costs:

Funding

Price

Evaluation Phases

$2,500

$25

1-step, 2-step

$5,000

$45

1-step, 2-step

$10,000

$110

1-step, 2-step, 3-step

$25,000

$360

1-step, 2-step, 3-step

$50,000

$409

1-step, 2-step, 3-step

$100,000

$699

1-step, 2-step, 3-step

Nostro's pricing structure aims to provide an affordable entry point for novice traders while offering substantial capital for experienced traders seeking to scale their strategies.

Nostro Evaluation steps

Nostro offers a structured evaluation process to assess traders' skills and risk management abilities before granting access to funded accounts. No matter either you choose the Standard or Aggressive account type, the firm provides three types of evaluation challenges:

Evaluation Phase

Profit Target

Min Trading Days

Daily Drawdown

Total Drawdown

Trading Period

Profit Split

1-Step

10%

0

5%

10%

No Limits

85%

2-Step

8%, 5%

0

6%, 6%

12%, 12%

No Limits

85%

3-Step

8%, 5%, 5%

0

6%, 6%, 6%

12%, 12%, 12%

No Limits

85%

It's important to note that while Nostro previously offered a free $5K 3-step challenge, this option is currently inactive. Traders should check the Nostro website for the most up-to-date information on available challenges and their requirements.

Nostro prop firm’s bonus and discount offerings

Nostro regularly runs promotions and discounts to attract new traders and reward loyal ones. Currently, they're offering an exciting campaign called "Buy Any Challenge & Win a $10K Instant Funded Challenge." Traders receive a 40% discount on any challenge account purchase and are automatically entered into a weekly draw for a chance to win a $10,000 funded account with up to an 85% profit split. Here is how to Participate:

  • Visit the Nostro website;
  • Select a challenge account;
  • Apply the coupon code "IN40" for the 40% discount;
  • Complete the purchase.

Winner Announcement: The winner is emailed every Sunday at 12:00 PM UTC.

Always review the terms and conditions thoroughly before participating in any challenges or promotions. These offers can provide excellent opportunities to access larger trading capital or enjoy discounted entry into Nostro's funded trading program.

Nostro discount
Nostro offer a 40% discount for any account purchases

What instruments & symbols can I trade on Nostro?

Nostro offers diverse trading instruments catering to various trading preferences and strategies. Here's a breakdown of the available asset classes:

  1. Currencies (Forex): EUR/USD, GBP/USD, USD/JPY, EUR/GBP, AUD/CAD, USD/TRY, EUR/NOK;
  2. Indices: S&P 500, Dow Jones, NASDAQ, FTSE 100, DAX, CAC 40, Nikkei 225, Hang Seng;
  3. Commodities: Gold, Silver, Crude Oil, Natural Gas, Corn, Wheat;
  4. Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple;
  5. Stocks: US stocks, European stocks, Asian stocks.

It's important to note that the exact list of available instruments may vary and can be subject to change. For the most up-to-date information, traders should check the current list of available symbols directly on the Nostro trading platform or website.

Nostro prop firm payment methods

Nostro offers a range of flexible and secure payment options tailored to meet the needs of its traders. Among the key methods available are:

  • Visa;
  • MasterCard;
  • Coinbase;
  • WISE (formerly TransferWise).
Nostro’s payment methods
Supported payment methods in Nostro include Visa and Master Cards, Coinbase, and WISE

While these are the confirmed payment methods, Nostro may offer additional options. Traders should check the official Nostro website or contact customer support for the most up-to-date and comprehensive list of payment methods available in their region.

Nostro prop firm commission & costs

Nostro prop firm prides itself on offering competitive trading conditions to help traders maximize their profitability. Here's a breakdown of their commission structure and associated costs:

  1. Raw Spreads: Nostro offers raw spreads, which are typically tighter than standard spreads;
  2. Low Commissions: Besides raw spreads, Nostro charges a low commission of $4 per lot traded.

Nostro’s support and assistance service

Nostro’s support and assistance service is designed to provide traders with efficient and accessible help. However support is available exclusively through two main channels:

  • Live Chat: Traders can receive real-time assistance through the platform's live chat feature, ensuring quick responses to any queries or issues;
  • Help Center: For those who prefer self-service, the Help Center offers a comprehensive library of articles covering a wide range of topics, providing guidance on common questions and solutions.

These options ensure that traders can access the support they need in a timely and convenient manner.

Nostro support channels
Nostro assists traders through the Live chat and articles

Expert suggestions

In conclusion, Nostro Prop Firm is an appealing option for traders looking for a flexible and supportive environment. With a profit target of 5% and a daily loss limit of 6%, traders can approach the markets with confidence.

Nostro's competitive commission structure and impressive Trustpilot score of 4.5 out of 5 highlight its commitment to quality service. Overall, Nostro is considered an attractive platform for both novice and experienced traders. Write your opinion about the Nostro Review in the comments.

FAQs

What is the minimum deposit required?

The minimum deposit to start is $25.

What leverage does Nostro Prop Firm offer?

Nostro provides a leverage ratio of 1:100.

What is the profit split offered by the firm?

The profit share is primarily set to 85%.

Which asset classes can traders access?

Traders can engage with forex, commodities, indices, and cryptocurrencies.

What are some of the available trading pairs and assets?

Notable trading options include EUR/USD, Dow Jones, Gold, Oil, Bitcoin, and US stocks.

What types of account challenges are available?

Nostro offers 1-step, 2-step, and 3-step challenges.

Which trading platform is used by Nostro?

The only trading platform used is MT5.

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