Noctorial.com Review

Based on checking the website, Noctorial.com appears to be a proprietary trading firm that offers funded demo accounts for traders.

The model involves a multi-phase challenge where traders prove their skills in a simulated environment, with the promise of receiving a percentage of simulated profits as a real cash reward.

However, the very nature of “prop trading” or “funded accounts” where users pay a fee to operate a demo account with the hope of earning a return based on simulated performance can be highly problematic, especially from an ethical standpoint within Islamic finance principles.

It often borders on gambling due to the high risk involved and the potential for a fixed fee to lead to an uncertain “reward,” which can resemble speculative activities rather than genuine, asset-backed trade.

Here’s an overall review summary:

• Website Focus: Proprietary trading firm offering funded demo accounts.
• Core Promise: Earn up to 90% of simulated profits in a demo environment as real cash.
• Participation Model: Traders pay a one-time fee to access various account sizes e.g., $59 for 5K, $1249 for 250K and complete a multi-phase challenge.
• Ethical Consideration Islamic Finance: Highly problematic due to the speculative nature, potential for fixed fees for uncertain rewards, and the resemblance to gambling or interest-based riba transactions, as the “profit” is a reward for a simulated performance on a demo account, not actual investment in a real asset. This model does not align with the principles of genuine trade and risk-sharing.
• Key Features: Demo accounts up to $250K, 80-90% profit share, MetaTrader/cTrader compatibility, educational resources, community support.
• Target Audience: Beginners and experienced traders seeking “risk-free” trading opportunities.
• Transparency: States that “all accounts offered are demo accounts with fictitious funds,” which is crucial but still doesn’t mitigate the ethical concerns.
• Noctorial Comisiones: The website mentions “recompensa” reward which implies a commission-like structure on simulated profits, but the initial fee itself is a significant point of concern.

The fundamental issue with Noctorial.com, from an ethical and Islamic perspective, is its core business model.

While it uses terms like “demo account” and “simulated profits,” the user pays a non-refundable fee for access to this simulation, with the expectation of a “reward” that hinges entirely on speculative performance in a controlled environment.

This arrangement is highly problematic as it resembles gambling, where one pays a fee for a chance at a return that isn’t tied to genuine productive economic activity, shared risk, or direct ownership of real assets.

Such activities are generally discouraged in Islam due to their speculative nature and the potential for financial distress and uncertainty.

Best Alternatives for Ethical Financial Engagement:

Instead of engaging in speculative trading models that involve paying for access to simulated environments with uncertain rewards, consider these ethical and permissible avenues for financial growth and skill development.

These alternatives focus on genuine value creation, asset ownership, and responsible financial practices:

1. Halal Investment Funds:

   

   • Key Features: Invest in Sharia-compliant companies, sectors, and assets, avoiding industries like alcohol, tobacco, gambling, conventional finance, and weapons. Funds are typically screened by Sharia boards.
   • Average Price: Varies based on fund type e.g., ETFs, mutual funds, management fees typically range from 0.5% to 2.0% annually.
   • Pros: Ethically aligned, diversified portfolios, professional management, long-term growth potential.
   • Cons: Returns tied to market performance, may have limited investment options compared to conventional funds.

2. Ethical Stock Investing:

   • Key Features: Directly invest in individual companies that adhere to ethical and Sharia principles e.g., technology, healthcare, renewable energy, consumer goods. Requires thorough research and screening.
   • Average Price: Brokerage fees often zero for basic trades, but investment capital can vary significantly.
   • Pros: Direct ownership, potential for high returns, aligns with personal values.
   • Cons: Requires significant research, higher individual risk, market volatility.

3. Real Estate Investment Trusts REITs:

   • Key Features: Companies that own, operate, or finance income-producing real estate. Sharia-compliant REITs focus on permissible properties and financing structures.
   • Average Price: Share prices vary, typically accessible via brokerage accounts.
   • Pros: Diversification, income potential from rents, exposure to real assets.
   • Cons: Market and property specific risks, some REITs may not be fully Sharia-compliant without specific screening.

4. Savings Accounts or Certificates of Deposit CDs with profit-sharing models:

   • Key Features: Look for Islamic banks or financial institutions offering Mudarabah profit-sharing or Murabaha cost-plus financing based savings accounts or investment certificates, where returns are tied to actual profits from permissible activities.
   • Average Price: No direct cost, but minimum deposit requirements may apply.
   • Pros: Low risk, stable returns, Sharia-compliant.
   • Cons: Lower returns compared to equity investments, limited availability in some regions.

5. Precious Metals Physical Gold/Silver:

   • Key Features: Direct purchase and ownership of physical gold or silver.
   • Average Price: Market price of gold/silver plus premium, varies daily.
   • Pros: Tangible asset, hedge against inflation, permissible to own.
   • Cons: Storage costs and security risks, no income generation unless leased in a Sharia-compliant manner, price volatility.

6. Islamic Crowdfunding Platforms:

   • Key Features: Invest in ethical businesses or projects seeking funding through Sharia-compliant models like Mudarabah profit-sharing or Musharakah joint venture.
   • Average Price: Investment amounts vary, often starting from small sums.
   • Pros: Direct impact, support for ethical businesses, diversified opportunities.
   • Cons: Higher risk as investments are often in startups or smaller businesses, liquidity can be an issue.

7. Skill Development & Entrepreneurship Resources:

   • Key Features: Instead of seeking quick speculative gains, invest in acquiring valuable skills e.g., coding, digital marketing, trades or starting a legitimate business. This focuses on creating real value.
   • Average Price: Varies widely for courses, tools, and startup costs.
   • Pros: Sustainable income, real value creation, personal growth, aligns with ethical work and earning.
   • Cons: Requires significant effort and time, no guaranteed returns.

These alternatives encourage genuine economic participation, risk-sharing, and direct engagement with real assets and productive ventures, aligning far better with ethical financial principles.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Noctorial.com Review & First Look: A Deep Dive into a Prop Trading Model

When you first land on Noctorial.com, the immediate impression is one of a sleek, professional platform geared towards aspiring traders.

The site prominently advertises its core offer: helping traders “grow without risk” by operating on a “demo account with up to $250K” and earning “up to 90% of your simulated profits” as a real cash reward.

This model, often referred to as prop trading or funded account challenges, has gained significant traction.

However, a deeper examination reveals a structure that warrants careful consideration, especially regarding its ethical implications and the nature of the “risk-free” claim.

The proposition is enticing, promising significant “noctorial comisiones” or rewards from simulated trading, but the fundamental mechanics need to be understood fully before committing.

Understanding the “Risk-Free” Claim and Its Nuances

The phrase “sin riesgo” without risk is a powerful marketing tool, drawing in individuals eager to enter the trading world without the fear of losing their own capital. Noctorial.com emphasizes that traders are not responsible for any losses incurred on the provided demo accounts. This is technically true, as it’s a simulated environment. However, the user does incur risk in the form of the upfront fee paid to access these challenges. This fee, ranging from $59 for a $5K account to $1249 for a $250K account, is non-refundable upon failure to meet the challenge criteria. Therefore, while the simulated trading is risk-free for the trader’s personal capital, the opportunity to trade in this environment comes with a tangible, non-recoverable cost if the performance targets aren’t met.

• Initial Fee as a Barrier: The upfront payment serves as a hurdle. If you fail the challenge, this capital is lost.
• Simulated vs. Real World: Operating on a demo account, even with “real market conditions,” lacks the psychological pressure of trading actual capital, which can lead to different behaviors.
• “Risk-Free” for the Firm: The business model largely transfers the “risk” associated with the initial qualification fee to the aspiring trader, while the firm profits from these fees, irrespective of the trader’s success.

The Noctorial Challenge: A Multi-Phase Approach

Noctorial outlines a clear, step-by-step program designed to assess a trader’s discipline and consistency.

This structured approach, moving from a “Reto Noctorial” Challenge to “Verificación” Verification and finally to a “Cuenta Demo Monetizada” Monetized Demo Account, aims to filter for traders who can consistently adhere to risk management rules.

• Paso 1: Reto Noctorial:
  • Focuses on developing good trading habits.
  • Clear risk management rules and achievable profit objectives.
  • Passing this stage moves you to the next.
• Paso 2: Verificación:
  • Aims to confirm consistency.
  • Simpler conditions with the same loss limit but reduced profit target.
  • Successful completion leads to the monetized demo account.
• Paso 3: Cuenta Demo Monetizada:
  • Operates on a demo account under “real market conditions.”
  • Traders receive up to 90% of generated profits as a real cash reward.
  • Includes access to exclusive training, coaching sessions, and a private community.
• Paso 4: Noctorial Pro:
  • An exclusive invitation for top-performing traders.
  • Promises opportunities like collaborations with funds and access to institutional capital.
  • Designed for long-term growth and sustainable income for professional traders.

This phased approach is a common structure in the prop trading industry, often designed to assess a trader’s ability to follow rules and manage risk, which are crucial attributes for long-term trading success.

Noctorial.com Business Model and Ethical Concerns

The business model of Noctorial.com, like many prop trading firms, relies on charging an upfront fee for access to a simulated trading challenge. Stellarbookpublishing.com Review

While the website clearly states that all accounts are demo accounts with fictitious funds, the promise of “real cash rewards” based on simulated profits raises significant ethical questions, particularly from an Islamic finance perspective.

This model deviates from permissible forms of income generation and investment.

The Nature of “Comisiones” Rewards in Noctorial

Noctorial promotes “recompensa” reward which is essentially a percentage of simulated profits up to 90%. The term “comisiones” commissions in the context of Noctorial doesn’t refer to standard trading commissions but rather to these performance-based payouts. The problematic aspect arises because:

• It’s a fixed payment for an uncertain outcome: Users pay an upfront fee for the opportunity to potentially earn money from a simulated environment. This fixed cost with no guaranteed return, and a return based on a speculative performance in a controlled, non-real market, can be likened to gambling maysir.
• Lack of direct ownership/risk-sharing: In Islamic finance, permissible transactions involve shared risk musharakah, mudarabah or the exchange of real assets bay’. Here, the user doesn’t own the underlying assets being traded it’s a demo, nor do they genuinely share in the actual profits or losses of a real trading firm in a direct investment sense. The “reward” is a payout for a simulated performance.
• Separation from Productive Economy: The income generated by the user is not from direct participation in a productive economic activity or trade of real goods and services. It’s a payment for demonstrating a skill in a simulated environment, funded by other aspiring traders’ fees.

Why This Model is Problematic Ethically Islamic Finance

Islamic finance strictly discourages transactions involving excessive uncertainty gharar, gambling maysir, and interest riba. The Noctorial model, despite its “risk-free” claims for the trader’s capital, falls into problematic areas:

• Maysir Gambling: Paying a fee for an uncertain outcome, especially one dependent on speculative market movements in a simulated environment, resembles a lottery or gambling. The core intent is to get a large return for a small outlay, based on chance even if skill is involved, the overall structure includes the element of chance inherent in market speculation and the conditional nature of the payout.
• Gharar Excessive Uncertainty: While the rules are clear, the ultimate “profit” is not guaranteed and depends entirely on a subjective performance criteria within a simulated environment. The nature of the “reward” is not based on direct, productive, real-world investment or risk-sharing but on a conditional payout from a pool derived from fees.
• Indirect Riba Interest: While not direct interest, the arrangement can conceptually lean towards profiting from money without corresponding productive effort or shared risk in a real venture. The fixed fee for the chance at a larger sum can have elements that concern Islamic scholars.

The website’s transparency about using “fictitious funds” is commendable, but it doesn’t change the underlying ethical concern about the mechanism of earning real money from simulated trading challenges with an upfront fee.

Noctorial.com Pricing and Account Options

Noctorial.com offers various account sizes, each requiring a one-time “reimbursable” payment.

This payment structure is a critical component of their business model, as it funds the operations and the “rewards” paid out to successful traders.

Understanding the tiered pricing is essential for anyone considering participation.

Tiered Account Sizes and Associated Costs

The platform provides a range of simulated capital options, catering to different aspirations and initial investment capacities.

Each tier corresponds to a specific one-time payment: Berrystreet.co Review

• Cuenta 5K: US$59 for a $5,000 simulated account
• Cuenta 10K: US$99 for a $10,000 simulated account
• Cuenta 25K: US$199 for a $25,000 simulated account
• Cuenta 50K: US$299 for a $50,000 simulated account
• Cuenta 100K: US$499 for a $100,000 simulated account
• Cuenta 250K: US$1249 for a $250,000 simulated account

The website states that this payment is “reembolsable con la primera retirada” reimbursable with the first withdrawal. This means the fee is not truly refundable if a trader fails to pass the challenges or does not make a withdrawal. It’s a conditional reimbursement, placing the initial financial risk on the trader.

Payment Flexibility and Withdrawal Methods

Noctorial.com aims to make the financial process as seamless as possible for traders, offering multiple options for both payment and withdrawal.

• Payment Methods: The website does not explicitly detail the payment methods for the initial fee, but typically, these firms accept standard online payment gateways like credit/debit cards, PayPal, or similar.
• Withdrawal Methods: For successful traders who reach the payout stage, Noctorial offers two primary withdrawal methods for their simulated profits:
  • Transferencia bancaria: Secure and direct bank transfer to the user’s account. This is a common and reliable method for receiving funds globally.
  • Criptomonedas: Offers a fast, global, and borderless option for receiving payouts via cryptocurrencies. This appeals to a tech-savvy audience and those looking for quicker processing times.

However, the convenience of withdrawal methods does not negate the fundamental concerns regarding the source and nature of the “profits” and the initial upfront fee.

Noctorial.com Pros & Cons Focus on Cons

When evaluating Noctorial.com, it’s important to weigh both the perceived advantages and significant disadvantages, particularly when viewed through an ethical lens.

While the website presents an appealing proposition, the inherent structure of its offering warrants caution.

Perceived Advantages Briefly Noted for Context

• Access to Capital: The primary draw is the ability to trade with substantial “fictitious funds” without risking personal capital beyond the initial fee. This allows aspiring traders to learn and potentially earn without direct exposure to market losses on their own savings.
• Structured Learning: The multi-phase challenge Reto Noctorial, Verificación encourages discipline and adherence to risk management rules, which are valuable skills for any trader.
• Educational Resources: The website mentions access to training, coaching, and a community, which can be beneficial for skill development.
• Simulated Environment: For those who want to practice trading without real financial consequences, a demo account is ideal for testing strategies.
• Transparent “Fictitious Funds”: Noctorial clearly states that all accounts are demo accounts with fictitious funds, which is a crucial disclosure.

Significant Cons and Ethical Concerns

The cons largely revolve around the ethical implications of the business model and the inherent risks that are masked by the “risk-free” narrative.

• Upfront Non-Refundable Fee Conditional Reimbursement: The most significant con. The “reimbursable with the first withdrawal” clause means the fee is effectively lost if the trader fails the challenge or doesn’t reach the payout threshold. This transforms the offering into a revenue stream for Noctorial, largely independent of a trader’s actual long-term success. It’s a payment for an opportunity to trade, not for direct investment or a service with guaranteed value.
  • Data Point: Industry data from similar prop firms suggests that only a small percentage often less than 10-15% of traders actually pass all challenge phases and receive a payout. This means a vast majority of upfront fees are retained by the firms.
• Speculative Nature of “Rewards”: The core promise is earning “real money” from “simulated profits.” This detachment from actual asset ownership, real-world economic activity, and shared risk makes the income generation akin to gambling maysir in Islamic finance.
  • Ethical Principle: Islamic finance emphasizes profit derived from real economic activity, shared risk, and asset-backed transactions. Noctorial’s model profits from a pay-to-play simulation, not direct participation in the financial markets with real capital and shared risk.
• Psychological Disconnect: Trading on a demo account, even with large “fictitious” sums, often lacks the true psychological pressure of trading real capital. This can lead to overconfidence or poor risk management habits that might not translate effectively to real-money trading environments.
• Not a True Investment: This is not an investment in a fund, a partnership, or a legitimate trading venture where capital is genuinely pooled and profits/losses are shared. It’s a challenge to prove a skill for a conditional payout.
• Lack of Transparency on Firm’s True Earnings: While Noctorial covers losses on the demo accounts, their primary revenue comes from the upfront fees paid by the thousands of aspiring traders, most of whom will not succeed. The profit-sharing with successful traders is then a distribution from this collected revenue, not necessarily from actual trading profits generated by the firm’s own capital.
• Potential for Misleading “Noctorial Comisiones”: The term “comisiones” or “recompensa” can mislead individuals into believing they are participating in a standard commission-based trading activity or a bona fide investment return, when in fact, it’s a payment for a simulated performance.

Noctorial.com Alternatives Ethical

Given the ethical concerns associated with Noctorial.com’s model, particularly from an Islamic finance perspective, it is crucial to explore genuinely ethical and permissible alternatives for financial growth, skill development, and investment.

These alternatives focus on real economic activity, shared risk, and tangible assets, steering clear of speculative or gambling-like structures.

Focus on Real Asset-Based Investments

Instead of engaging in speculative simulated trading, focus on acquiring or investing in real, tangible assets that generate value.

• Halal Real Estate Investment:

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  • Mechanism: Direct purchase of properties residential, commercial for rental income or appreciation, or participation in Sharia-compliant real estate funds/REITs.
  • Ethical Alignment: Involves tangible assets, real economic activity housing, business space, and clear ownership. Income is derived from rent or genuine capital appreciation, not speculation on market fluctuations in a simulated environment.
  • Pros: Potential for stable income, appreciation, diversification.
  • Cons: High capital requirement for direct ownership, illiquidity, market risks.

• Ethical Agri-Tech Investments:

  • Mechanism: Investing in companies or projects focused on sustainable agriculture, food production, or related technologies that benefit society. This could be through ethical equity crowdfunding or Sharia-compliant investment platforms.
  • Ethical Alignment: Supports essential industries, promotes food security, and aligns with principles of productive effort and benefit to the community.
  • Pros: Contributes to real-world needs, potential for long-term growth, alignment with sustainability values.
  • Cons: Can be higher risk depending on the startup/project, requires due diligence.

Genuine Skill Development and Entrepreneurship

Instead of paying for a “challenge” to prove trading skill for a conditional payout, invest in developing valuable skills that directly translate into income generation through legitimate means.

• Digital Skill Acquisition e.g., Coding, Web Development:

  • Mechanism: Invest in high-quality online courses, bootcamps, or certifications in in-demand digital skills.
  • Ethical Alignment: Focuses on acquiring a tangible, marketable skill that creates value. Income is earned through providing services or creating products, not through speculation.
  • Pros: High earning potential, flexibility, empowers self-employment or secures good jobs.
  • Cons: Requires significant time and dedication, competitive market.

• E-commerce Business Development:

  • Mechanism: Learn how to set up and run an online store, selling physical products or services. This involves inventory, marketing, and customer service.
  • Ethical Alignment: Direct buying and selling of goods, involves real trade and tangible products, generating income from legitimate commercial activity.
  • Pros: Low startup costs, global reach, scalable.
  • Cons: Requires business acumen, marketing effort, inventory management.

• Consulting or Professional Services:

  • Mechanism: Leverage existing expertise or acquire new knowledge to offer consultancy in various fields e.g., marketing, business strategy, personal finance coaching.
  • Ethical Alignment: Provides value through knowledge and expertise, earning income directly from services rendered.
  • Pros: High-income potential, flexibility, builds on existing skills.
  • Cons: Requires strong networking, client acquisition, expertise in a niche.

Sharia-Compliant Financial Products

For those specifically looking for financial products, seek out genuinely Sharia-compliant options that avoid interest, excessive speculation, and unethical industries.

• Islamic Banking & Finance Products:
  • Mechanism: Explore banks offering Mudarabah profit-sharing accounts, Murabaha cost-plus sale financing, or Musharakah joint venture investments.
  • Ethical Alignment: Based on real transactions, shared risk and profit/loss, and avoidance of interest.
  • Pros: Full Sharia compliance, ethical investment.
  • Cons: Limited availability in some regions, may have different return structures than conventional products.

These alternatives provide pathways to financial growth and skill enhancement that are ethically sound, sustainable, and contribute positively to the real economy, unlike speculative models that can be akin to gambling.

How to Cancel Noctorial.com Subscription or Challenge

While Noctorial.com presents its offering as a one-time payment for a challenge rather than a recurring subscription, understanding the cancellation and refund policy is crucial, especially since the initial payment is only “reimbursable with the first withdrawal.” This effectively means that if you decide not to proceed, or if you fail the challenge, the initial fee is not refunded.

Understanding the “One-Time Payment” vs. “Subscription”

Noctorial.com explicitly states that the payment for accessing the funded demo accounts is a “Pago único” one-time payment. This isn’t a recurring subscription that you would typically cancel monthly or annually. Vitamin360.com Review

Therefore, standard “subscription cancellation” processes don’t apply in the traditional sense.

• No Recurring Billing: You won’t be charged repeatedly after your initial payment.
• Focus on Challenge Completion: The expectation is that you will attempt and complete the trading challenge.

Implication for “Cancellation” and Refunds

Since it’s a one-time payment for access to a challenge program, “canceling” effectively means:

1. Deciding Not to Start: If you’ve paid but haven’t started the challenge, or simply change your mind, your payment is generally not recoverable unless specific refund terms apply beyond the “first withdrawal” clause. The website’s terms and conditions or FAQ section would be the definitive source for any exceptions or grace periods.
2. Failing the Challenge: If you begin the challenge and fail to meet its criteria e.g., maximum daily loss, overall loss, profit target, your access to the monetized account is revoked, and your initial payment is forfeited because there won’t be a “first withdrawal” to trigger reimbursement.
3. Quitting Mid-Challenge: Similar to failing, if you simply stop trading or decide to quit the challenge program before completion, your initial payment is not reimbursed.

Steps to “Cease Participation”

If you wish to stop your involvement with Noctorial.com, these are the general steps to take:

• Review Terms and Conditions: Before making any decision, meticulously read Noctorial’s “Términos y Condiciones” Terms and Conditions and “Aviso de riesgo” Risk Warning available on their website. These documents will contain the precise details regarding payments, challenges, and any potential for refund or non-reimbursement.
• Contact Customer Support: If you have specific questions about your payment or account status, or if there’s any technical issue, contact Noctorial’s customer support. The website provides an email address: [email protected]. Clearly state your situation and inquire about any possibilities.
• Understand Forfeiture: Be prepared for the reality that the initial one-time fee is likely to be forfeited if you do not successfully complete the challenge phases and make a withdrawal. This is the core financial model for many prop trading firms.

In essence, “canceling” a Noctorial.com involvement means accepting the loss of the initial fee if the conditions for reimbursement i.e., making a first withdrawal of simulated profits are not met.

There isn’t a typical “cancel subscription” button for a recurring service.

Noctorial.com vs. Ethical Financial Platforms

When evaluating Noctorial.com against genuinely ethical financial platforms, the differences in business model, risk exposure, and underlying philosophy become stark.

The comparison highlights why models like Noctorial’s are ethically problematic from an Islamic finance standpoint, while ethical alternatives offer avenues for growth aligned with values.

Business Model Philosophy

• Noctorial.com:

  • Revenue Model: Primarily generates income from the upfront fees paid by aspiring traders for access to simulated trading challenges. A small percentage of successful traders receive payouts derived from this fee pool. The firm covers “losses” on demo accounts, but its core profit is from managing the challenge system and collecting fees, not necessarily from proprietary trading with its own capital.
  • Risk Profile for User: User risks their upfront fee. While direct capital isn’t risked in simulated trading, the non-refundable nature of the fee without a successful payout means a significant financial loss for most participants.
  • Focus: Skill testing and conditional payouts from simulated environments.

• Ethical Financial Platforms e.g., Halal Investment Funds, Islamic Banks:

  • Revenue Model: Generate income through legitimate means such as asset management fees for funds, profit-sharing from real economic ventures e.g., Mudarabah, Musharakah, or sales of tangible goods/services Murabaha. Profits are tied to real economic activity and shared risk.
  • Risk Profile for User: User risks their invested capital in real assets or ventures. Losses are shared, and profits are derived from actual economic gains, not simulated ones. Transparency on risk is paramount, as investments in real assets carry inherent market risks.
  • Focus: Facilitating genuine investment in real assets, ethical business partnerships, and productive economic activity.

The “Noctorial Comisiones” vs. Real Returns

• Noctorial “Comisiones” Rewards: These are payouts based on simulated performance. They are not direct returns on investment in real assets or shares in a company’s actual profits. They are a reward for passing a test in a simulated environment, funded by other participants’ fees. This lacks the ethical grounding of profit derived from genuine risk-sharing and productive enterprise.
• Ethical Returns: Returns in ethical financial platforms come from:
  • Dividends: Shares of real company profits from permissible businesses.
  • Rental Income: From real estate or other leased assets.
  • Profit-Sharing: From Mudarabah or Musharakah contracts where actual profits from legitimate ventures are shared.
  • Capital Gains: From the appreciation of real assets owned.
  • These returns are tied to actual economic performance, making them permissible and aligned with Islamic finance principles.

Transparency and Regulatory Framework

• Noctorial.com: While stating “fictitious funds,” the regulatory oversight for such “prop trading challenge” firms can be complex and may not offer the same level of investor protection as regulated financial institutions. Noctorial is registered in Saint Lucia and Florida, but the nature of its service simulated trading for a fee means it operates in a different regulatory space than traditional brokerages or banks.
• Ethical Financial Platforms: Typically operate under strict financial regulations within their respective jurisdictions e.g., SEC in the US, FCA in the UK and often have additional Sharia supervisory boards to ensure compliance. This provides a higher degree of investor protection and transparency regarding how funds are managed and profits are generated.

In conclusion, Noctorial.com operates on a model that charges for access to a speculative, simulated environment with conditional payouts. Littledreamersnest.com Review

This stands in stark contrast to ethical financial platforms that facilitate real investments in tangible assets, promote shared risk, and generate returns from genuine economic activity, aligning with principles of justice and transparency.

Noctorial.com’s Stance on Risk and Responsibility

Noctorial.com places a significant emphasis on managing risk, but it’s crucial to differentiate whose risk is being managed and what “responsibility” entails within their framework.

The website frequently reiterates that the trader is not responsible for losses on the demo accounts, but this does not mean the trader incurs no financial risk whatsoever.

Trader’s Responsibility for Losses: A Conditional “No”

Noctorial explicitly states: “¿Soy responsable de las pérdidas? No, el trader no es responsable de ninguna de las pérdidas que se puedan ocasionar en las cuentas que proporcionamos.” Am I responsible for losses? No, the trader is not responsible for any of the losses that may occur in the accounts we provide.

This statement is technically true regarding the fictitious funds in the demo account. If a trader loses all the simulated capital, they do not owe Noctorial money. Instead, the consequence is the failure of the challenge, which means:

• Forfeiture of the Upfront Fee: The primary responsibility for the trader is the initial one-time payment to access the challenge. If the challenge rules are violated e.g., exceeding daily or overall loss limits or if the trader simply fails to meet profit targets, this upfront fee is lost. This is the actual financial risk borne by the trader.
• No Access to Monetized Account: Failure also means the trader will not progress to the “monetized demo account” stage, thereby losing the opportunity to earn “rewards.”

The website highlights: “El objetivo de Noctorial es asegurarse de que puedas operar libremente, para aliviar tu presión, asumiremos toda la responsabilidad de la pérdida.” Noctorial’s goal is to ensure you can trade freely, to alleviate your pressure, we will assume all responsibility for the loss. This clearly indicates that the firm absorbs the simulated losses on their side, a common practice for prop firms that earn revenue primarily from challenge fees.

Noctorial’s Commitment to Risk Management

While the trader isn’t responsible for simulated losses, Noctorial’s program is designed to enforce strict risk management on the trader’s part to pass the challenge. This includes:

• Clear Rules: The “Reto Noctorial” and “Verificación” phases come with explicit rules for maximum daily loss and overall loss limits.
• Profit Targets: Traders must meet specific profit targets without violating loss limits.
• Consistency: The challenge emphasizes consistent performance over aggressive, high-risk trading.

These rules are crucial for Noctorial because they are designed to filter for disciplined traders.

If a trader consistently adheres to these rules in a simulated environment, they are more likely to be profitable, which then justifies Noctorial paying out a percentage of those simulated profits from the pool of collected fees.

Implications for Ethical Trading

From an ethical perspective, the lack of responsibility for simulated losses doesn’t fully mitigate the concerns. The core issue remains: Magefix.com Review

• Payment for Speculation: The upfront fee is paid for the chance to engage in speculation in a controlled environment, with a conditional payout. This remains problematic compared to models where capital is genuinely invested in real assets and profits/losses are truly shared based on real economic outcomes.
• Absence of Shared Risk: While Noctorial “assumes responsibility for the loss” on the demo account, this is not true shared risk Musharakah in the Islamic sense. The trader bears the initial financial burden of the fee, and the firm bears the “loss” only on its simulated capital, while its revenue stream remains tied to the fees from all participants, successful or otherwise.

In summary, Noctorial’s model is designed to mitigate the firm’s risk by having traders pay upfront fees and enforcing strict risk management in simulated trading. The trader’s direct financial risk is primarily the initial fee, which is lost if the challenge isn’t passed.

FAQ

What is Noctorial.com?

Noctorial.com is a proprietary trading firm that offers funded demo accounts.

It allows aspiring traders to participate in a multi-phase challenge by paying an upfront fee, with the promise of earning a percentage of simulated profits as real cash rewards if they successfully complete the challenge.

Is Noctorial.com legitimate?

Based on its stated operations, Noctorial.com outlines a clear business model for a prop trading firm.

It explicitly states that all accounts are demo accounts with fictitious funds.

Its legitimacy as a functioning platform appears to be there, however, its business model raises significant ethical concerns from an Islamic finance perspective due to its speculative nature and the fixed fee for an uncertain reward.

How does Noctorial.com work?

Noctorial.com works by having traders pay a one-time fee to access a demo trading account with fictitious capital.

Traders then go through a multi-phase challenge Reto Noctorial, Verificación. If they meet specific profit targets and adhere to risk management rules in this simulated environment, they advance to a “monetized demo account” and can receive up to 90% of their simulated profits as real cash rewards.

What are “Noctorial comisiones”?

“Noctorial comisiones” or “recompensa” refers to the percentage of simulated profits up to 90% that successful traders can receive as real cash payouts from Noctorial.

It is not a traditional trading commission, but rather a performance-based reward for succeeding in the simulated trading challenge. Benzinga.com Review

What is the upfront cost to join Noctorial.com?

The upfront cost to join Noctorial.com varies depending on the size of the simulated account chosen.

For example, it ranges from US$59 for a $5,000 account to US$1249 for a $250,000 account.

This is a one-time payment that is only “reimbursable with the first withdrawal.”

Is the upfront fee for Noctorial.com refundable?

The upfront fee for Noctorial.com is described as “reembolsable con la primera retirada” reimbursable with the first withdrawal. This means the fee is not refunded if the trader fails to complete the challenge or does not make a withdrawal of simulated profits.

Effectively, if you don’t succeed and get paid, the fee is forfeited.

Can I lose my own money with Noctorial.com?

Yes, you can lose the upfront fee you pay to access the trading challenge.

While you are not responsible for simulated losses on the fictitious demo account, if you fail to meet the challenge criteria or decide to quit, your initial payment is not reimbursed.

What platforms does Noctorial.com use for trading?

Noctorial.com is compatible with MetaTrader and cTrader, which are two widely used and powerful trading platforms in the world of online trading.

What assets can I trade on Noctorial.com?

On Noctorial.com, you can trade over 2000 assets, including Forex, Indices, Commodities Materias Primas, and Stocks Acciones, and Futures de Bonos.

Is Noctorial.com suitable for beginners?

Noctorial.com states that it helps beginners with basic training and a support community. Usfireplacestore.com Review

However, the core challenge model requires discipline and adherence to strict rules, which can be challenging for absolute newcomers without a solid understanding of trading.

What is the “Plan Scale” on Noctorial.com?

The “Plan Scale” on Noctorial.com is designed for consistent traders who have successfully demonstrated good results.

It allows them to progressively increase the size of their funded demo account, potentially up to 4 million euros in fictitious capital, offering better conditions and more reward opportunities.

How long does it take to get a Noctorial.com account after payment?

After acquiring the program and choosing the platform, your new account should be accessible from your Private Trader Area.

The creation process can take up to 2 hours, and you will be notified by email.

What are the daily and overall loss limits on Noctorial.com?

Noctorial.com’s challenge phases have clear rules for managing risk, including specific maximum daily loss and overall loss limits.

While exact percentages are not on the homepage, these are standard in prop firm challenges and would be detailed in their program rules.

Can I trade during news events on Noctorial.com?

Yes, Noctorial.com states that you can trade during news events without restrictions.

However, they advise caution, as high-impact events can lead to significant market volatility, increased spreads, and execution irregularities.

Does Noctorial.com allow holding trades over the weekend?

Yes, Noctorial.com allows you to leave trades open overnight and over the weekends without any restrictions from their side. Wakemakers.com Review

What are the withdrawal methods offered by Noctorial.com?

Noctorial.com offers two main withdrawal methods for receiving your simulated profits: bank transfer Transferencia bancaria for secure and direct payments, and cryptocurrencies Criptomonedas for fast, global, and borderless transactions.

What are the ethical concerns with Noctorial.com from an Islamic perspective?

From an Islamic perspective, the Noctorial.com model is ethically problematic because it involves paying a fixed fee for a chance to earn money from simulated trading, which can be likened to gambling maysir. The “rewards” are not derived from genuine risk-sharing in real economic activity or direct investment in real assets, but rather from speculative performance in a controlled environment.

Are there Islamic alternatives to prop trading firms like Noctorial.com?

Yes, ethical Islamic alternatives focus on genuine economic activity.

These include investing in Sharia-compliant real estate, ethical agriculture, direct investment in halal businesses, or developing marketable skills like coding or e-commerce to earn income through legitimate work and trade, and utilizing genuinely Sharia-compliant financial products like Mudarabah savings accounts.

Where is Noctorial.com based?

Noctorial.com is operated by Galilei Rogers LLC, located at 407 Lincoln Road Suite 12N, Miami, Florida 33139, and Noctorial LTD, located at Ground floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

Does Noctorial.com provide educational resources?

Yes, Noctorial.com mentions providing access to basic training for beginners, exclusive training, and sessions with coaches for certified traders.

They also have a blog with articles on trading strategies and methods.