Nostro prop firm offers traders funded accounts and up to 85% profit sharing. However, all trading is done on simulated trading accounts and traders can not access live markets even after they get funded, which is a huge downside for this firm. There are two types of challenges, instant, and evaluation. The website is heavy and is not well-optimized.
In today’s Nostro review, we are going to evaluate all the important aspects of the firm such as safety, rules, funding options, support, platforms, education, and more.
Pros & cons of Nostro prop firm
Pros
- Ability to withdraw with $0 fees
- Most payment options are free and instant
- Fast and digital account opening/verification
Cons
- Very strict rules of 3% daily limit and 6% maximum drawdown
- Does not offer access to MetaTrader 4, MetaTrader 5
- Poor safety and transparency
- No live chat and hotline support options
- Low profit-split on instant accounts
- Does not specify which educational resources it offers
- Only offers simulated trading environment on web trading platform and acts as a broker
Quick rating of Nostro and its features
| FPA Score | Not yet rated |
| Year founded | 2023 |
| Headquarters | United Kingdom |
| Minimum audition fee | 29 USD |
| Fees on withdrawals | Unknown |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 3% |
| Profit target | 8% |
| Maximum trailing drawdown | 6% |
| Profit sharing (Payouts) | 85% (65% for instant accounts) |
| Trading Platforms | Web trading platform |
| Available trading markets | Forex pairs, indices, commodities, cryptocurrencies, and stocks |
Safety of Nostro — 0
Nostro reviews are lacking on the FPA, as the firm is young and has very poor online coverage. This reduces its safety score. As for the Trustpilot, the firm got some reviews where 5% are claiming the firm to be scammed. We surely do not rely solely on reviews and do our own research. The firm was launched in 2023 which makes it a very young prop firm. The firm does not mention their partner broker anywhere, indicating its trading services are not backed by a regulated broker, which is always a red flag.
The firm gets a 0 score in this section as it has a very poor reliability.
Nostro Funding and maximum capital allocation — 3
Nostro funded programs are diverse and include instant, 1-step, 2-step, and 3-step challenges. These accounts are further divided into standard and aggressive challenges, which might become confusing sometimes, as there are too many accounts to choose from.
Nostro funding options range from 5k to 200k US dollars and depending on the account the upper and lower limits might differ. The 5k is a decent lower funding, but we would prefer there to be an even lower amount for complete novices who want to start from zero and become expert prop traders.
The exact funding options for Nostro challenges are as follows:
- Instant evaluations — 5k, 10, 25k, and 50k
- 1-step evaluations — 5k, 10, 25k, 50k, 100k, and 200k
- 2-step evaluation — 5k, 10, 25k, 50k, 100k, and 200k
- 3-step evaluation — 10, 25k, 50k, 100k, and 200k
As we can see, the 3-step evaluation account which should be the most suitable for beginners does not provide below 10k funding options, which is a downside.
The Nostro scaling plan is not active at the moment, which is a downside for seasoned traders who want to gradually increase their default funding.
In the end, the firm receives a 3 score in this section for offering near average funding options.
Nostro Assets — 3.5
Nostro prop trading assets include instruments in Forex pairs, indices, commodities, cryptocurrencies, and stocks. This is a pretty decent selection of assets and if the firm was also reliable it would be competitive. The leverage is 1:30 for instant and 1:100 for the rest of funded accounts, which is typically more than enough for prop trading. Spreads are from 0 pips and commissions are 4 USD per lot. Overall, the firm gets a 3.5 score in this section.
Nostro Trading rules and limitations — 0.2
Nostro rules are average and sometimes even strict. The daily risk limit is 3%, maximum drawdown is 6%, and profit target is set at 10%. These rules are very difficult to follow and traders have to be extremely cautious with their trading. The firm allows news trading only for the evaluation challenge, and it is prohibited during the funded trading process. This is confusing and traders might get confused and breach these rules, which is a huge downside. Traders also can not hold positions overnight or over the weekends during the funded phase, which is also a downside.
Nostro Fees — 2.5
Fees are competitive at Nostro starting from 29 USD for the 5k account of 2-step evaluation. Different accounts come with different fees, and let’s list all of them below.
The instant account of Nostro has the following fees:
- Funded amount: 5,000 – one-time fee: 225 USD
- 10,000 USD – 450 USD
- 25,000 USD – 1125 USD
- 50,000 USD – 2250 USD
The 1-step evaluation accounts come with the following fees:
- Funded amount: 5,000 – one-time fee: 29 USD
- 10,000 USD – 79 USD
- 25,000 USD – 159 USD
- 50,000 USD – 229 USD
- 100,000 USD – 389 USD
- 200,000 USD – 800 USD
The 2-step account has the following one-time fee structure:
- Funded amount: 5,000 – one-time fee: 29 USD
- 10,000 USD – 59 USD
- 25,000 USD – 129 USD
- 50,000 USD – 219 USD
- 100,000 USD – 369 USD
- 200,000 USD – 749 USD
3-step evaluation accounts have the following fees:
- Funded amount: 10,000 USD – one-time fee: 29 USD
- 25,000 USD – 59 USD
- 50,000 USD – 129 USD
- 100,000 USD – 219 USD
- 200,000 USD – 369 USD
Nostro free trial is not available at the moment and Nostro free repeat is not accessible either. Overall, the firm gets a 2.5 score in this section.
Nostro Platforms — 0.9
Nostro only offers a web trading platform that is available in its dashboard. This platform is very limited in functionality when compared to advanced trading platforms such as MT4 and MT5 and offers a very limited number of indicators. There is a possibility to use stop-loss and take-profit orders and change chart types, but overall it is nowhere near the level of popular advanced platforms mentioned above. Therefore, Nostro receives a 0.9 score in this section.
Nostro Profit-Sharing — 1
Nostro profit split is set on 85% by default for all funded accounts except for instant funded account types. For instant accounts the firm only offers 65% profit split which is low. Withdrawals are possible every 14 days (2 weeks). The processing times for withdrawals take more than 2 business days, which is yet another serious disadvantage for the firm. Overall, the firm gets a 1 score in this section.
Education and trading tools at Nostro — 1
The firm offers educational resources but fails to explain or show what type of educational resources it provides. There must be a training course of some kind which requires traders to sign up and purchase a challenge, which is not sufficient. For at least mentioning educational resources and offering a mediocre learning experience, the firm gets a 1 score in this section.
Customer Support at Nostro — 1.4
Nostro offers very poor customer support services as it lacks hotline and live chat options. This is a huge drawback for any prop trading firm, even more so for a firm that has a poor safety. The website and support are also only in the English language, which is also insufficient. For poor support and only offering an email channel, the firm gets a 1.4 score in this section.
Frequently Asked Questions on Nostro
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