Read this before you trust us with a dollar.

Most platforms sell a dream and bury the risk. We will do the opposite. Show you the evidence, name every risk, and make you an offer with nothing to lose.

The evidence
01

Why discipline wins, in three figures.

The retail trading industry runs on hype because hype sells. The peer-reviewed record tells a quieter, more useful story, and it points in one direction. Controlling behavior and risk beats chasing prediction.

1007550250Least activeMost active
Figure 1. Net return falls as trading activity rises, the overtrading penalty[1]. Illustrative shape from the literature, not a measured statistic.

The most active traders earn the worst returns, not from bad luck but from overtrading and overconfidence[1]. The damage compounds because losses are asymmetric.

4003032061081110%20%30%40%50%60%70%80%Gain needed to recover
Figure 2. The arithmetic of loss. Gain required to recover a drawdown, g = d/(1 minus d). This figure is exact, and people feel the loss about twice as hard[2].

A 50% loss needs a 100% gain to recover. Survival, not forecasting, is the precondition for every other edge. And there is a real edge for the disciplined. Across decades, options have tended to be priced richer than the moves that follow.

2422191614Q1Q2Q3Q4Q5Q6Q7Q8Implied volatilityRealized volatility
Figure 3. Implied volatility has tended to sit above realized, a documented premium for disciplined, defined-risk sellers[3][4]. Illustrative shape.

The conclusion of the literature is plain. Win by removing behavioral leaks, bounding risk, and harvesting documented premia with rigor. Not by predicting the market.

The response
02

Niro is that conclusion, engineered.

01

Automation removes the human leak

The overtrading penalty in Figure 1 is behavioral. A machine has no fear and no urge to make it back. It runs the same disciplined rule at 3:55pm on a red day. You set the strategy. It removes the impulse.

02

Defined risk neutralizes the asymmetry

Because recovery math is brutal (Figure 2), every position carries a known maximum loss before it is placed. One bad day cannot become an account-ending one.

03

Research-backed strategies capture the real edge

Niro runs the quantitative, defined-risk structures that harvest documented premia like the one in Figure 3. The institutional playbook, not influencer hype.

04

The Proof Engine guards against self-deception

Backtests are easy to overfit[5]. Every strategy is forward-tested, reported net of costs, and withheld from any claim until it clears a significance threshold.

And the keystone. Nothing reaches your broker unexamined. A mandatory, fail-closed gate inspects every order. When anything is uncertain, it rejects rather than guesses.

Defined risk passes to the broker.Undefined risk is rejected before it can move.
The honest part
03

What we commit to. What we refuse.

We commit

  • Every trade is defined-risk, with a known, bounded maximum loss.
  • All figures are reported net of modeled commissions and slippage.
  • Non-custodial. Your capital never leaves the account you control.
  • The risk gate is mandatory and cannot be switched off.
  • Paper and live are labeled plainly, never blurred.
  • Flat access. No performance fees, ever.

We refuse

  • Promise that you will make money. No one honestly can.
  • Pretend you cannot lose. You can lose money trading.
  • Sell signals, alerts, or get-rich-quick theater.
  • Take custody of, or ever move, your funds.
  • Bury these risks in a footer you will never read.

Trading involves substantial risk of loss and is not suitable for everyone. You can lose money, including more than you might expect with leveraged instruments like options. Only trade with capital you can afford to lose.

Past performance is not indicative of future results. Hypothetical and paper results are prepared with hindsight, involve no real financial risk, and no simulated record can fully account for real trading[6]. Figures are net of modeled costs.

Niro is software, not advice. Nothing here is investment, legal, or tax advice. Niro is non-custodial. It routes the orders you direct to a broker you control, and never takes custody of funds.

The offer

Run the entire engine on paper. Free, until it earns your real money.

Prove it on simulated capital with no card and no clock. The full engine, the mandatory risk gate, the strategy builder, the proof dashboard. The only thing you risk by starting is the time you spend not knowing whether it works.

$0
to start on paper
$499
a month per account, only when you go live
0%
performance fee, ever
References
  1. Barber, B. M., & Odean, T. (2000). Trading Is Hazardous to Your Wealth. The Journal of Finance, 55(2).
  2. Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2).
  3. Bakshi, G., & Kapadia, N. (2003). Delta-Hedged Gains and the Negative Market Volatility Risk Premium. Review of Financial Studies, 16(2).
  4. Carr, P., & Wu, L. (2009). Variance Risk Premiums. Review of Financial Studies, 22(3).
  5. Bailey, D. H., Borwein, J. M., López de Prado, M., & Zhu, Q. J. (2014). The Probability of Backtest Overfitting. Journal of Computational Finance, 20(4).
  6. U.S. Commodity Futures Trading Commission. Regulation 4.41, hypothetical performance disclosure.
Niro · Pricing · Research · Terms · Privacy · Risk Disclosure© 2026 Niro. Non-custodial software for self-directed traders. Educational, not investment advice. Trading involves substantial risk of loss. Cited figures are illustrative unless marked exact; verify primary sources.