Nostro, a UK-registered proprietary trading firm, provides traders with the opportunity to earn funded accounts up to $200,000. With a focus on responsible trading and risk management, Nostro’s comprehensive evaluation programs are designed to assess traders’ skills across various phases, offering a dynamic path to access significant trading capital. Traders can engage with diverse markets, including Forex, Crypto, Commodities, and Indices, all through the versatile MetaTrader 5 platform. Whether you’re an aspiring trader or an experienced professional, Nostro offers the tools and support to help you reach your trading goals.

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Nostro Proprietary Trading Firm Review

Nostro, legally registered as NOSTRO LIMITED in the United Kingdom (Registration Number 14871445), is a proprietary trading firm that provides traders with access to various trading opportunities on the Metatrader 5 platform. The firm allows trading across multiple instruments, including Forex, Crypto, Commodities, and Indices. Nostro’s unique Three Phase Challenge evaluates traders’ skills before offering them access to a maximum trading capital of $200,000.

Trading Features and Challenges at Nostro

Nostro’s flagship offering, the Three Phase Challenge, is designed to test traders’ abilities comprehensively. Successful completion of these phases allows traders to manage significant capital, with the maximum allocation set at $200,000. The trading environment is facilitated via the popular Metatrader 5 platform, catering to a broad range of instruments such as Forex, Crypto, Commodities, and Indices.

Payment and Withdrawal Options

For convenience, Nostro supports multiple payment methods including Crypto, WISE, and Visa. Withdrawals can be processed through wire or bank transfers. However, it’s important to note that Nostro imposes restrictions on traders from specific countries, including Belarus, Central African Republic, Chad, Cuba, Eritrea, Iran, Iraq, North Korea, Libya, Myanmar, Russia, Somalia, Sudan, Syria, United States, Venezuela, Vietnam, and Yemen.

Community Engagement and Contact Information

Nostro actively engages with its trading community via platforms like Discord and Twitter, providing a dynamic and interactive trading environment. Additional information about their services, trading challenges, and terms can be found on their official website at nostro.co. The firm’s trading address is 7 Bell Yard, London, England, WC2A 2JR.

Nostro Account Types and Evaluation Phases Overview

Nostro offers both standard and aggressive account types with various evaluation phases, including 3-Step, 2-Step, 1-Step, and Instant funding options. Here’s a detailed breakdown:

1. Aggressive Account – 3-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 3 (Phase 1, Phase 2, Phase 3)
• Daily Drawdown: 6%
• Total Drawdown: 12%
• Profit Target:
  • Phase 1: 8%
  • Phase 2: 5%
  • Phase 3: 5%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $259

2. Aggressive Account – 2-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 2 (Phase 1, Phase 2)
• Daily Drawdown: 6%
• Total Drawdown: 12%
• Profit Target:
  • Phase 1: 8%
  • Phase 2: 5%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $399

3. Aggressive Account – 1-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 1
• Daily Drawdown: 5%
• Total Drawdown: 10%
• Profit Target: 10%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $780

4. Standard Account – Instant Funding

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Evaluation Phases: None
• Minimum Trading Days: 14
• Daily Drawdown: 3%
• Total Drawdown: 6%
• Profit Split: Funded – 65%
• Leverage: 1:30
• Fee: $0

5. Standard Account – 3-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 3
• Daily Drawdown: 5%
• Total Drawdown: 10%
• Profit Target:
  • Phase 1: 8%
  • Phase 2: 5%
  • Phase 3: 5%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $219

6. Standard Account – 2-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 2
• Daily Drawdown: 5%
• Total Drawdown: 10%
• Profit Target:
  • Phase 1: 8%
  • Phase 2: 5%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $369

7. Standard Account – 1-Step Evaluation

• Account Balance Options: $10,000, $25,000, $50,000, $100,000, $200,000
• Trading Phases: 1
• Daily Drawdown: 4%
• Total Drawdown: 6%
• Profit Target: 10%
• Profit Split: Funded – 85%
• Leverage: 1:100
• Fee: $389

These options provide flexibility for traders seeking different levels of risk and evaluation complexity, with varying drawdown limits, profit targets, and profit splits based on the selected phase and account type.

How to Get Funded for Free with Nostro?

Currently, Nostro’s free funded accounts are inactive. However, Nostro has previously offered traders the opportunity to get funded for free through their Free $5K 3-Step Challenge. This challenge allowed aspiring traders to demonstrate their skills and earn funded trading capital without any upfront costs. Here’s how the process typically worked:

Steps to Earn Free Funded Trading Capital

Traders interested in the Free $5K 3-Step Challenge were required to sign up for an account on Nostro’s website. The registration process was simple and quick, enabling participants to begin their trading journey without delay.

Meet Profit Targets

Upon registration, traders needed to meet specific profit targets during the evaluation stages of the challenge. This step was designed to assess each trader’s proficiency and determine their eligibility for receiving funded trading capital.

Earn Funded Trading Capital

Successful completion of the challenge would make traders eligible for funded trading capital from Nostro. This capital could then be used to trade in live markets, allowing traders to generate real profits and advance their trading careers.

Benefits of the Free $5K 3-Step Challenge

• No Upfront Cost: Participation in the Free $5K 3-Step Challenge did not require any initial investment, making it a risk-free opportunity for traders to prove their abilities.
• Gain Experience: The challenge provided a structured environment for traders to hone their skills and gain experience without financial pressure.
• Access to Real Markets: Upon completing the challenge, traders could access live markets with funded capital, offering a practical pathway to earning real profits.

Future Opportunities

While the Free $5K 3-Step Challenge is currently inactive, traders are encouraged to stay updated through Nostro’s official channels for future opportunities to participate in similar initiatives. This challenge represents Nostro’s commitment to supporting traders by providing pathways to access funded trading accounts without financial barriers. For more details on active trading programs and opportunities, visit Nostro’s official website or explore other funded account options here.

Nostro’s Trading Guidelines Overview

Nostro’s Trading Guidelines provide a comprehensive framework to ensure responsible trading and effective risk management for all participants. These guidelines cover a wide range of aspects, including leverage and margin requirements, trade execution standards, and specific conditions for different account types. Nostro emphasizes transparency and fairness in its trading environment by synchronizing simulated challenge accounts with real-time pricing feeds from institutional liquidity providers, ensuring that traders experience conditions that closely mimic live markets. Additionally, Nostro implements strict policies on spreads, commissions, and swap rates to maintain competitive and transparent trading terms. Key elements of Nostro’s risk management protocols include strict adherence to daily and maximum drawdown limits, a maximum risk per trade capped at 2% of the account balance, and a Consistency Score to evaluate funded traders based on the sustainability of their trading strategies. To foster strategic trading, Nostro also enforces a minimum trading day requirement and sets leverage limits tailored to different account types, promoting responsible use of capital. Furthermore, Nostro prohibits high-risk strategies like hedging, high-frequency trading, and erratic trading behaviors, with robust monitoring and enforcement measures in place to maintain a stable and secure trading environment. These rules ensure that all trading activities align with Nostro’s commitment to disciplined, fair, and sustainable trading practices.

Conclusion

Nostro presents itself as a comprehensive proprietary trading firm that offers traders a structured and transparent path to access significant trading capital. With various account types, evaluation phases, and a unique Three Phase Challenge, Nostro caters to a wide range of traders, from beginners to seasoned professionals. The firm emphasizes responsible trading practices through detailed trading guidelines, competitive spreads, and transparent fee structures. By providing real-time market conditions via its integration with institutional liquidity providers, Nostro ensures that traders operate in an environment that closely mirrors live trading scenarios. However, Nostro’s approach includes strict risk management protocols, including drawdown limits and restrictions on high-risk strategies, which are designed to protect both the traders and the platform. While the firm offers free funding opportunities through its challenges, it’s important to note that these options are currently inactive. Overall, Nostro’s blend of diverse trading opportunities, robust risk management, and commitment to a fair trading environment makes it a notable choice for traders looking to develop their skills and gain access to funded trading capital.

APTF Verdict

Nostro stands out in the prop trading industry with its focus on realistic trading conditions and a commitment to maintaining a fair and transparent trading environment. The firm’s multi-step challenges and structured evaluation phases provide clear pathways for traders to access funded accounts without upfront costs, though the current inactivity of free funding options may be a limitation for some. Nostro’s stringent risk management guidelines and clear prohibitions on high-risk strategies highlight its dedication to fostering responsible trading behaviors, which may appeal to disciplined traders who are serious about managing risk effectively. While Nostro’s offerings are robust, potential traders should carefully consider the firm’s specific restrictions and the need for adherence to detailed trading guidelines. The firm’s transparent fee structure and competitive trading conditions, including low spreads and realistic execution, are advantageous. However, the limited information on brokers used and certain country restrictions may be points for consideration. Overall, Nostro is a strong contender in the prop trading space, particularly suited for traders who prioritize a disciplined, strategic approach to trading within a regulated framework.