Nostro Exposed: Payout Delays & Server Downtime Plague Traders

Have you gone through a scam in your forex trading account balance with Nostro? Do you witness constant server downtime and losses thereafter? Has the customer support team been unresponsive to your queries? Many forex traders have faced these issues and therefore criticized the broker on review platforms. In this Nostro review article, we have pointed out their specific concerns that were not addressed by the India-based forex broker. Keep reading!

Trending Complaints Against Nostro Online

Payout Denial in the Trading Account

A trader has made a serious trade manipulation allegation by claiming that Nostro did not restore the balance that it deducted after he made a profit of 402 USD. Despite calling haplessly for support, the trader could not get the balance back into the account. The muted behavior from Nostro made the trader criticize the broker. Here are the words of the trader.

The Dubious Stand on Stop Loss/Take Profit Orders

The company is also alleged to have adopted a double-standard approach regarding stop loss/take profit activation. While it says there is no activation of any of these during server downtime, it still remains the same when the server is back, denying traders the opportunities to contain losses or make gains.

Unresponsive Customer Care Team

While Nostro looks to acquire traders using cheaper prices, constant server downtime and the lack of response from the customer care team make it an undesirable experience for traders. Here is a trader expressing anguish over this problem. Take a look at the screenshot below.

The Lingering Server Downtime Issue and the Chaos it Brings for Traders

The trading server keeps ditching traders at Nostro and denying them from opening or closing trades. These recurring issues keep piling losses for the traders. As a result, many traders have expressed their disappointment on broker review platforms. We found some of their reviews regarding server downtime issues and have highlighted them below through screenshots. Take a look!

Sudden Account Closure

Traders have alleged the non-delivery of challenges despite fulfilling the required norms. Also, they have witnessed sudden account closures, leaving them stunned by these incidents. Here is one trader who called out the forex broker for this illegitimate activity.

The Nostro Review by WikiFX

WikiFX holds its views on Nostro much in line with the problems faced by traders. In view of the complaints, we further inspected to find that the broker is not even licensed. That further affirmed our stand that this is not a broker to deal with. As a result, the WikiFX team gave a score of just 1.56 out of 10.

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