Noble Trading Company DetailsMetaTrader 4 PlatformMarketsSpreads & CommissionsLeverageMobile AppsPayment MethodsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesAccount TypesBenefitsDrawbacksOpening HoursCustomer SupportSafetyIs Noble Trading A Good Broker?Accepted CountriesAlternatives to Noble TradingFAQ
Noble Trading is a forex broker providing manual and automated investing services. This review delves into the available deposit options, fee structure and MT4 platform. We will also unpack Noble Trading’s charts and indicator options, regulation, and contact methods, so traders have the information they need to make a safe decision.
Noble Trading Company Details
Noble Trading was established in 2015 by financial services company United Capital Group Limited. Headquartered in the British Virgin Islands, the broker provides services to all countries except Belgium, Canada, and the USA, though does not currently hold a license with a reputable regulatory agency.
MetaTrader 4 Platform
MT4 is the most popular forex platform, offering 50 customisable indicators, 30 technical analysis tools and nine timeline choices. The easy-to-use platform also supports automated investing.
As the leading FX platform, it’s suitable for beginners and experienced traders. MetaTrader 4 can be downloaded for free on Windows and Mac devices.
Noble Trading MT4 platform
Markets
Noble Trading provides 49 forex pairs to trade with. However, choices beyond forex are limited, with only nine stock indices and one crude oil instrument. There is also no investing in cryptocurrency or bonds.
Spreads & Commissions
Noble Trading offers fairly competitive spreads to its Professional account holders. Spreads on major forex pairs, including EUR/GBP, EUR/USD and GBP/USD, are typically 0.28 pips. Yet for Basic account holders, pips for the same pairs are closer to 3 pips.
The broker also charges commissions at $10 per lot for Basic accounts, though this drops to $7 and $5 for Standard and Professional accounts, respectively. Swaps are charged for positions held open overnight.
Leverage
Maximum leverage rates at Noble Trading vary with the account type. Basic accounts offer leverage up to 1:100, whereas Standard accounts can access up to 1:200 and Professional accounts get rates up to 1:400. Leverage levels are the same across all instruments.
Mobile Apps
Noble Trading offers a mobile version of the MetaTrader 4 platform that is available on Apple and Android devices. The application has much of the desktop version’s capability, though with less analysis and customisation capability. Mobile traders can trade anywhere with one-touch order execution and visual market information.
Noble Trading mobile app
Payment Methods
Noble Trading accepts payments made using bank wire transfers and payment cards from Visa or MasterCard. Wire transfers are free, though banks may charge fees and conversion rates. Payment cards are free for EUR transactions but USD deposits come with a 2% charge.
Withdrawals are processed the same day if requested by 13:00 and in USD, while all other withdrawals take up to two business days. There is a fee of $30 for withdrawals below $1,000 and a fee of $16 for withdrawals below $800.
Demo Account
Noble Trading offers a demo account, allowing clients to get a feel for the broker and markets without risking any personal capital. The risk-free environment is also great for exploring new strategies and the MT4 platform.
Deals & Promotions
The broker has a 30% deposit welcome bonus on payments over $1,000. However, this can only be used to increase margin, it cannot be withdrawn. Noble Trading also offers 50% money back from commissions paid if you trade more than 50 lots per month on a Professional account.
Regulation & Licensing
We have not been able to verify Noble Trading’s regulatory status. As such, the broker appears to be unlicensed which is a concern. The lack of regulatory oversight means traders have limited options if the broker refuses to pay out returns, for example.
With so many regulated and trustworthy online brokers available, we recommend caution before using an unlicensed provider.
Additional Features
The broker provides a small educational section entitled Knowledge Base. This gives explanations of key trade terms, such as spreads and margin, along with calculation examples. Noble Trading also provides a detailed economic calendar and a stream of market and economic news.
Clients who trade with large volumes can get access to a FIX API. This is available to accounts holding over $25,000 and requires 500 lots to be traded per month. If clients use the FIX API but do not meet the volume target, then the broker charges a fee of $1,000.
Account Types
There are three accounts available, each of which has MetaTrader 4 access and offers the same instruments.
Basic Account
$10 commission
Spreads from 3 pips
Leverage up to 1:100
Minimum deposit $100
Standard Account
$7 commission
Educational events
Automated services
Leverage up to 1:200
Spreads from 1.5 pips
Minimum deposit $500
Professional Account
$5 commission
Educational events
Automated services
Leverage up to 1:400
Minimum deposit $5,000
Spreads from 0.7 pips
Dedicated account manager
Islamic-friendly versions of each account are also available.
Benefits
Benefits of signing up with Noble Trading include:
MT4 access
1:400 leverage
Mobile access
Deposit & trade bonuses
Drawbacks
The broker’s services could be improved in the following areas:
Unregulated
Withdrawal fees
No live chat support
No cryptocurrencies
Opening Hours
You can trade whenever markets are open and accounts can also be accessed over the weekend. Forex markets are generally open 24/5, opening Sundays at 22:00 GMT and closing Fridays at 22:00 GMT. Other CFDs may have different operating hours, following their respective market opening and closing times.
Customer Support
The Noble Trading support team can be contacted via:
Telephone – +44 718 404 9362
Email – support@noble-trading.com
The broker offers a personal account manager as a single point of contact for Professional account holders. However, this means assistance is limited if you have a Basic account. As such, we’d be hesitant to recommend Noble Trading to beginners, especially when no live chat support is available.
Safety
There is limited publicly available information regarding the security measures taken by the broker. That being said, for payment methods to approve their use, the website must pass a set of security checks. In addition, MT4 does offer dual-factor authentication to keep client data secure.
Is Noble Trading A Good Broker?
Noble Trading offers the excellent MT4 platform and three account options to meet different trader needs. However, the lack of regulatory oversight, high withdrawal fees, and no live chat support bring its overall rating down. With that in mind, we’d recommend considering alternative providers.
Accepted Countries
Noble Trading accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Noble Trading from United States, Canada, Belgium.
Alternatives to Noble Trading
If you are looking for alternatives to Noble Trading we have compiled a list of the top 5 brokers that are similar to Noble Trading below. This list of brokers like Noble Trading is in order of similarity and only includes companies that accept traders from your location.
Swissquote – Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
BlackBull Markets – BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools.
FXCC – FXCC is a highly regulated and trustworthy MT4 trading broker.
LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
FAQ
How do I open an account with Noble Trading?
Select Open Real Account from the top of the broker’s website and follow the instructions. Account registration takes several minutes.
What is the minimum deposit to open an account?
To open a Basic account, the broker requires a minimum deposit of $100. To open a Standard account, you’ll need to deposit $500 and for a Professional account, $5,000.
Does Noble Trading offer negative balance protection?
The broker does not guarantee negative balance protection. It does, however, monitor the risks being taken by clients and may step in to protect them.
What trading platforms does Noble Trading offer?
The platform used by Noble Trading is MetaTrader 4, which clients can download for free. The easy-to-use platform is an industry favourite and also supports automated investing.
Is Noble Trading a scam?
Noble Trading is not licensed with any regulatory agency. As a result, we cannot guarantee its safety and would recommend other providers first.