We have hundreds of online trading platforms which are also called online brokers. They offer us thousands of financial products to trade with and many of them even let you trade in a trial account for at least two weeks before you have to qualify for a real account. These platforms are easy to use, have nice graphics, they make trading fast and efficient but there is one important thing that you need to know. Every single online trading platform, no matter how big or small their stock markets coverage is, is not trustworthy. They are prone to be very slow or even unavailable when you need them.
In a time where we have so many fake brokerages using fancy graphics and words to deceive the public, it is very important that investors know what they are doing when they open an account with a particular e-broker. We will not be focusing on the recent explosion in social trading platforms, as it seems that only a few of them have any sort of strategy or plan for implementation.
The truth is simple: investors don’t have many trading platforms they can use 24/7 for free or with a very small monthly maintenance fee. When we think about how unreliable most financial products, in general, have become in the past few years such as stock databases, social trading platforms and financial news services it is safe to assume that this will only get worse from here on. If you wish to save yourself from these fake firms then the only tool that can help you is researching. If you are looking for a trustworthy and safe online trading platform you will have to invest time and effort from the start.
I am a trader myself and I have been trading for around 10 years now. Things have become worse since I joined and I know it has become hard for young traders to survive. This is why I have decided to review my forex firm, NostraCapital. NostraCapital has been a good choice so far. Although there have been a few shortcomings largely it has proved to be good. Today I will try to give an account of most of the qualities and flaws.
NostraCapital is one of the few forex trading platforms that offer several payment methods. I have been using Maestro and Bankwire a lot. The transaction procedure is also very smooth and they take the minimum possible time to process transaction requests.
We have several trading platforms that you can use to trade online, but if your computer is not fast enough you will have to go for the mobile platform. Not all firms these days offer mobile trading but they should because the mobile platform offers a good deal of flexibility and makes it easy for us to trade on the move as long as we have access to the internet. NostraCapital is great in terms of flexibility. However, there is no trading app that lets you trade on mobile and there are several ways to access the main platform from your phone. I think this needs to be worked on.
Unfortunately, we do not have any trading simulators for those who want to practice before they start trading in real money accounts. These simulators can usually be accessed through mobile platforms or from desktops (Mac, PC or Linux). I think these are a great addition to the app because they help young traders figure out stuff before they actually trade. If Trade Stimulators are hard to provide, they can add demo accounts that you can use if you want to practice trading without risking your money. This is also great for beginners who want to test out their ideas before they start to use real money.
You will not find video lectures or something of that sort on this website. If you are a fan of watching video lectures or if you want to get more knowledge about the topics in an entertaining manner, then you will have to rely on external sources.
The fee structure of NostraCapital is relatively low compared to other forex brokers that have similar services and features (most payment methods, wide range of currencies etc.). They charge a small fee when you withdraw or deposit money into your account but it is not up to the level that will make you feel cheated.
More Dialects Needed
The website is not offered in many different dialects and languages. It would be very useful if the support team could offer their services in a variety of different languages as well.
NostraCapital has several security measures in place, starting from the login pages and ending with the way they secure their databases and servers. I particularly like how their software is updated continuously in order to prevent any sort of breach from happening.
There is a minimum deposit amount of $250 required. This may be an issue for some people who would like to start investing with only a small amount of money.
Some More Advantages
- By Signing up for this forum, you can get access to a whole lot of financial products.
- Their user-friendly trading chart is also a great resource for traders.
- They also have a customer support service that is available 24/7 to help you if you need any assistance or guidance while trading.
- The withdrawal and deposit procedures are quite easy. It takes a minimum time for you to receive your money in your bank account if NostraCapital is the payment method you are using.
- I like the theme of the website. It is very simple and easy to navigate through.
- NostraCapital also has a wide selection of analytical tools that help you generate strategies, backtest them and then execute them using the trading platform in real-time.
- Finally, I really like the fact that NostraCapital offers a comprehensive Trading Guide for all beginners who want to start with online trading or investing in general.
- The simplicity of the website reflects in the way they do business. It’s customer-centred as well (you can get answers from them via email if you have any questions regarding your account), which makes it even better.
- The registration process is quick, simple and very user-friendly. All you need to do is enter your name, email address and password twice and answer a few questions and then confirm your account by clicking on the activation link that they send you via email.
- You can also set up Two-Factor Authentication (2FA) on your account to make sure that no one will ever have access to your NostraCapital online trading accounts. To add a level of security, those who sign up for a new NostraCapital trading platform account must verify their identity by submitting a copy of their national ID or another valid form of identification.
- The education segment of this online trading company is vast and it covers most of the topics that you need to know about when starting your investing journey. Their education materials are composed of interactive content. This can surely help beginners in a big way or even experienced investors who need additional insights into the industry.
- This website also provides plenty of trading tools that will help you improve your trading skills.
- They also provide live webinars and useful videos that can help you understand online trading and investing topics. The best part is that they have all of these tutorials for free so you don’t need to pay any money at all aside from your monthly subscription fee in order to receive them.
- This forum is great for crypto traders. Here, you can learn more about blockchain technology and find new ways to improve your skills as a cryptocurrency trader.
- They have great customer service that can help you in case of any technical issues or other problems regarding your account. They’re available 24/7 to provide assistance on any problem!
- Finally, I think that the portfolio management tool of the NostraCapital online trading platform is a great addition to this website. If you have multiple accounts with different brokers or if you are juggling between earning sources for your investments (for example, forex trading and crypto investments), you can use this to manage all of your finances in one place.
NostraCapital is one of the few good online trading platforms for those who want to trade the forex market or commodities. The platform offers a good array of features and has been constantly updated with new additions that keep us up to date with the latest developments in technology and financial news. All in all, NostraCapital has been an impressive forex broker for me so far. I think they have been improving in terms of the speed and accuracy of the services they offer. They also have several payment methods, which is a great bonus. The main drawback for me so far has been their mobile app (which does not exist), but it can be helpful if it does.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.