Company Information
- Company Name: Nostro
- Company Legal Name: Nostro Ltd
- Company Registration No.: 14871445
- Operating Since: April 22, 2024
- CEO Name: Undisclosed
Challenge Details
Nostro offers three main challenge programs to help traders prove their skills and earn funded accounts: 1-Step, 2-Step, and 3-Step Challenges. Each of these challenges comes in two types: Standard and Aggressive. Below are the complete details.
1-Step Challenge (Standard)
Pricing:
- $2,500 Account: $21
- $5,000 Account: $38
- $10,000 Account: $79
- $25,000 Account: $230
- $50,000 Account: $360
- $100,000 Account: $640
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 4%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
1-Step Challenge (Aggressive)
Pricing:
- $2,500 Account: $25
- $5,000 Account: $45
- $10,000 Account: $110
- $25,000 Account: $360
- $50,000 Account: $409
- $100,000 Account: $699
Rules:
- Profit Target: 10%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
2-Step Challenge (Standard)
Pricing:
- $2,500 Account: $13
- $5,000 Account: $32
- $10,000 Account: $69
- $25,000 Account: $190
- $50,000 Account: $310
- $100,000 Account: $479
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
2-Step Challenge (Aggressive)
Pricing:
- $2,500 Account: $19
- $5,000 Account: $34
- $10,000 Account: $88
- $25,000 Account: $210
- $50,000 Account: $350
- $100,000 Account: $520
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Total Loss: 12%
- Daily Loss: 6%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
3-Step Challenge (Standard)
Pricing:
- $10,000 Account: $38
- $25,000 Account: $120
- $50,000 Account: $200
- $100,000 Account: $349
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Profit Target (Phase 3): 5%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
3-Step Challenge (Aggressive)
Pricing:
- $10,000 Account: $56
- $25,000 Account: $140
- $50,000 Account: $280
- $100,000 Account: $439
Rules:
- Profit Target (Phase 1): 8%
- Profit Target (Phase 2): 5%
- Profit Target (Phase 3): 5%
- Total Loss: 10%
- Daily Loss: 5%
- Profit Share: 85%
- Drawdown Type: Static Drawdown
- Time Limit: Unlimited
- Leverage: 1:100
- Max Lot Size: No limit
- Payout Frequency: Every 14 days
- Allows Copy Trading: Yes
- Min Trading Days: 0 days in the evaluation phase, 5 days in the funded phase
Scaling Plan
Nostro does not currently offer a scaling plan.
Spreads and News Trading Rules
Spreads:
Nostro has not mentioned the spreads applied on their trading platform.
News Trading Rules:
Nostro allow traders to trade during news without any restriction but during funded phase, Traders are not allowed to trade 2 minutes before and 2 minutes after a high impact news release. During this 4 minutes window, Traders are restricted to do any modification in their trades and also opening or closing any trade. Traders do get the freedom of holding their trades throughout a high impact news event.
Other Important Rules
Daily Drawdown Calculation
Nostro calculates Daily Drawdown based on balance or equity whichever is higher at the end of the day at 5 PM EST. This drawdown works as equity based drawdown which means the drawdown amount stays still throughout the day but changes the drawdown limit based on the profit or loss in the account.
Countries Banned from Purchasing
Nostro has mentioned a list of countries which are not allowed to join their funding programs and these countries are :-
- Libya
- Myanmar
- Somalia
- Sudan
- Russia
- Republic of Sudan
- Iran
- Region of Crimea
- Eritrea
- Syria
- Yemen
- Venezuela
- Vietnam
- Central African Republic
- Chad
- North Korea
- Cuba
- Iraq
- Belarus
- Democratic Republic of Congo
- United States of America (USA)
Prohibited Trading Strategies
- High-Frequency Trading
- One-Sided Bets
- Tick Scalping
- Any sort of Arbitrage
- Hedging
- Group Hedging
- Expert Advisors (EAs): Only compliant EAs are permitted, with proof of compliance required on request.
Payout Methods
- Nostro processes payouts via cryptocurrency.
- For amounts exceeding $500, payments can also be made via Rise or bank transfer.
Trading Commissions
Nostro charges a standard trading commission of $4 per lot.
IP Rule
Nostro does not have any specific IP Address rule but traders are advised to use the same IP Address for trading from which they have purchased the challenge account.
