About Nostro
Company Overview
Nostro is a proprietary trading firm based in the United Kingdom, founded on 8 January 2025. The firm operates the website nostro.co and provides funded trading challenges to retail traders. As a prop firm, Nostro does not offer traditional retail forex or CFD trading accounts but instead allows traders to trade with the firm’s capital after passing an evaluation.
The broker markets itself as ‘Trusted by 60,000+ Funded Traders’, although this claim is based on its own marketing and has not been independently verified. The firm is newly established, with only a few months of operational history as of early 2025.
Regulatory Status
Our records indicate that Nostro does not hold any regulatory licences from financial authorities. The firm is registered in the United Kingdom, but this registration is a corporate filing and does not imply financial regulation by the Financial Conduct Authority (FCA) or any other regulator. Traders should be aware that unregulated prop firms do not offer the same investor protections as regulated brokers, such as compensation schemes or dispute resolution through financial ombudsman services.
The absence of regulation is a key risk factor. FXCanary’s Scam Risk Score for Nostro is 53 out of 100, classified as ‘Elevated’. This score reflects the firm’s lack of regulatory oversight and its short track record.
Products and Services
Nostro provides funded trading programmes, commonly known as ‘challenges’. Traders pay a fee to participate in an evaluation phase. If they meet predefined profit targets and risk management rules, they qualify for a funded account with the firm’s capital. The broker’s help centre includes articles on challenge rules, commission per standard lot, and billing, payouts, and KYC procedures.
Trading conditions, such as commission rates and leverage, are disclosed via the help centre. The firm likely offers access to popular trading platforms, though specific platform names are not mentioned in the available snippets. The evaluation process appears to be standard for the prop firm industry.
Target Audience
Nostro’s services are aimed at retail traders who wish to trade with firm capital without risking their own money beyond the challenge fee. This model appeals to traders who lack sufficient capital or seek to grow their trading accounts with performance-based funding. The firm’s marketing emphasises a large community of funded traders, suggesting it may be suitable for both novice and experienced traders seeking a supportive environment.
However, the lack of regulation means that traders should conduct thorough due diligence before committing funds. The prop firm model carries its own risks, including the possibility of rule changes, payout delays, or disputes over trading decisions.
Social Media and Presence
Nostro maintains a presence on Facebook, Instagram, and YouTube, as per our known facts. These platforms are likely used to promote challenges, share trader success stories, and provide educational content. The firm’s social media activity may offer additional insight into its community engagement and operational transparency.
Overview compiled by FXCanary from regulatory records and public data. full Nostro review