Nostro Rules include guidelines like HFT Prohibited, Copiers Allowed (only for Own Trades.) Profit Share requests can be made every 14 Days, with a minimum payout of $50.00 USD.
EAs Allowed must follow Nostro’s trading rules, while the IP Address Rule limits VPN or VPS usage and ensures account security.
Nostro Rule Topics
As with many platforms, Nostro Prop Firm sets certain rules for traders; the main topics about Nostro Policy:
- Challenge Rules
- Use of EAs
- Copy Trading
- IP Address Rule
- News Trading
- Consistency Rule
- Payout Rules
- Other Prohibited Strategies
Nostro Challenge Rules
The firm has multiple evaluation formats, with specific rules for each stage; Nostro Challenge Limits:
Step | Min. Trading Days | Daily Drawdown | Total Drawdown | Profit Target | Profit Split |
Single Step | None | 4% | 6% | 10% | N/A |
Two-Step | Unlimited | 5% | 10% | 8%, 5% | N/A |
Three-Step | Unlimited | 5% | 10% | 8%, 5%, 5% | N/A |
As you can see, the single step has the highest profit target.
Use of EAs in Nostro
Traders can use EAs, provided they follow the trading rules. Nostro can inspect EAs and their strategies at any time.
Nostro Copy Trading
Traders at Nostro can use trade copiers, but only for copying their own trades. Copying other traders' orders breaches account guidelines and may lead to account termination.
Nostro IP Address Rule
The firm recommends avoiding VPN or VPS usage, as any suspicious activity may lead to account termination; Nostro IP Restriction:
- Sharing login credentials or engaging in third-party account management is strictly prohibited;
- Trading from multiple IPs is allowed but must be personally managed.
Nostro News Trading
News trading restrictions only apply after passing the evaluation phase; Nostro Limitations for News Trading:
- Post-Evaluation: No trades or modifications are allowed within 2 minutes before or after high-impact news events;
- Restricted News Events: Trading on Federal Funds Rate, Non-Farm Payroll, CPI, and Crude Oil Inventories is forbidden;
- Consequences: Violations can lead to profit invalidation, suspension, or termination of privileges.
Nostro Consistency Rule
To maintain a consistent trading record, the firm enforces a consistency rule; Nostro Consistency Score Formula:
- Consistency Score = (Best Trading Day Profit / Total Profit) × 100
If the score exceeds 30%, the consistency rule would be violated.
Nostro Payout Rules
Traders can request a profit share every 14 days, with a minimum payout of $50.00 USD. The payout is based on the Consistency Score calculated from the challenge results.
Nostro’s Other Prohibited Strategies
Several strategies are disallowed at the firm; Nostro Forbidden Activities:
- High-Frequency Trading: Prohibited, including MetaTrader 5 inefficiencies and arbitrage;
- Hedging: All forms are prohibited;
- Group Trading: Collaboration to execute identical trades across multiple accounts is not allowed;
- Account Management: Traders must independently manage their accounts. Third-party management is prohibited.
Writer’s Opinion and Conclusion
Nostro Rules require High-risk strategies such as High-Frequency Trading, Arbitrage, and Hedging Prohibited be strictly monitored, leading to Profit Invalidation, Suspension, or Termination if violated.
Traders must adhere to the Consistency Rule, with a 30% Violation threshold based on the Best Trading Day Profit and Total Profit.
To find more articles, check out Nostro Tutorials.
