The movies have taught us that taking up a career as a trader is exciting and lucrative. While there is truth in that, it all begins with a single choice that can make or break your career. We are of course talking about the very first choice you make – choosing your brokerage. If your first experience proves to be a bad one, then there is no coming back. However, by choosing an already established and reputable brokerage such as Nostra Capital, you are much more likely to have a good experience that can motivate you to commit to online trading full time.
Nostra Capital was built by industry veterans. At nearly every corner this “built by traders for traders” philosophy is more than noticeable. The homepage is cleverly designed – it is reserved in its language but still reserves a professional look and feel. You can easily locate anything you need with a click or two. This is highly appreciated given how some brokerages needlessly complicate things just so that they can appear more complex.
Quality of Service
In order to welcome as many different traders as possible, Nostra Capital has created several account types, designed to fit different needs. Not all of us have the same budget, ambitions and goals, so this was an excellent idea. Regardless of your trading volume, you can make a choice that seems almost tailor-made for you. Below we offer a detailed breakdown of all account types and well as their included perks:
We have to mention the absence of the demo account. This is nothing new in this industry but is still a sad departure in our eyes. The four tiers start €250 for the Basic account type and go all the way up to €100,000 for the Platinum tier. The number of benefits gradually increases, as the starter one receives only access to the platform and not much else. One of the perks we enjoyed the most were the educational ones. They require substantial knowledge of this industry, but they are well worth your money. These include trading signals, webinars, daily market reviews, financial and risk management planning, private analyst sessions and much more. The higher tiers also include some quality of life improvements such as prioritized withdrawal, to make the trading experience even more efficient.
If you are a complete beginner, there is plenty of material for your too. These resources can even be accessed even before registering. You can master trading fundamentals and read plenty of eBooks that are designed to pique your interest in the online trading industry. They are well illustrated and easy to follow so that practically anyone can understand them. Once you are finished with these, you can then start upgrading your skills even more based on the account type you selected and its associated perks.
Speed of Response
Getting in touch with Nostra Capital representatives is very convenient due to numerous available options. You can write them an email, contact the call centre in Australia, or interact with Live chat feature. Regardless of what you pick, you will be greeted with the highest quality service. No matter how long we interacted with their representatives, they always managed to find a speedy answer to all of our inquiries. We only advise keeping in mind the working hours since Nostra Capital doesn’t offer 24/7 support. Both phone and chat operators are available Monday to Friday, 08:00 – 12:00 GMT.
Nostra Capital has invested heavily into developing its own web-based solution. As a result, their platform is a breath of fresh air in this industry. Traders are getting a lag-free experience that is speedier than anything we have seen before. The bulk of these benefits come from the lightweight nature of this platform. Since it is web-based, it can be accessed from any device that is connected to the internet which gives you much more flexibility in your day-to-day trading. The only drawback of this system is that it lacks some advanced analysis tools. This will only apply to the most hardcore traders, so basically, the majority of traders will only get to experience the benefits of this system.
The platform itself has a very nice design. It is very user-friendly, and navigation is pretty intuitive. The asset list is located on the left side. It holds every available asset as well as numerous valuable information next to each one. These help out when needing to make quick additions to your portfolio. If, on the other hand, you like to take your time, you can make use of the real-time performance monitor. Here you can view the past and current performance of your favourite assets. In addition, you can interact with them to help make better trading decisions. As we mention, there is a limit to what you can do with these tools, but you will find all the essentials here such as Elliott 3 line or Fibonacci.
When it comes to fees and charges, Nostra Capital points them out in terms and conditions. While we would love to see these displayed more prominently, it is an industry-wide practise to place them here, so it is something all traders need to get used to. When trading with this brokerage, you can encounter Withdrawal fees, dormant account fees, event of default charges and overnight fees. Not all will apply to you, so we always advise reading up on the terms and conditions page to know exactly what you are getting into.
Nostra Capital is not a regulated brand. We have seen many new brokerages following this trend. This new philosophy focuses more on investing time and resources in developing more worthy segments and leaving hefty regulatory expenses for future implementation. While this might detract some traders confidence, rest assure that this brokerage went above and beyond in ensuring fund security. There are many regulatory policies (such as KYC) that work in the background that ensure that traders have a smooth experience. Indeed, we have never experienced any mishap during our trading with Nostra Capital.
Variety of Payment Methods
When it comes to funding your account, Nostra Capital offers standard bank-related solutions. The only notable absence is any crypto payment, but given the stability of the banking methods, one cannot argue. You can use your credit or debit card and bank wire transfer for making both deposits and withdrawals. While the former is pretty much instant, the latter require waiting times of several hours. This is pretty much the industry standard, and it mostly comes down to your own bank provider.
Nostra Capital remains one of the top options for both new and experienced traders. By combining many of the industry popular solutions with their own innovations, they have created the perfect trading environment. This is why Nostra Capital receives our strongest recommendation for traders of all levels. If you are still unsure, check the free educational content, or even try out the Basic account type to figure things out first-hand.