Noble Trading Review 2024


2.5 / 5
Noble Trading is #107 in our CFD broker rankings.

Noble Trading is an FX & CFD broker offering multiple deposit & payment options.

$100
MT4
Forex, CFDs, indices, commodities
30% deposit bonus
Visa
Forex Trading

Trade FX pairs with up to 1:400 leverage.

Stock Trading

Trade on nine of the largest stock indices, including the FTSE 100.

CFD Trading

Trade over 20 CFDs across six markets.

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
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
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

Standard Account

Professional Account

Islamic-friendly versions of each account are also available.

Benefits

Benefits of signing up with Noble Trading include:

Drawbacks

The broker’s services could be improved in the following areas:

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:

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.

Top 3 Alternatives to Noble Trading

Compare Noble Trading with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers

Noble Trading Comparison Table

Compare Noble Trading With Similar Brokers
Noble Trading IG World Forex Interactive Brokers
Rating 2.5 4.4 4 4.3
Markets Forex, CFDs, indices, commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $1 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots $100
Regulators FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA SVGFSA FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
Bonus 30% deposit bonus 100% Deposit Bonus
Education No Yes No Yes
Platforms MT4 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5 Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:400 1:30 (Retail), 1:250 (Pro) 1:1000 1:50
Payment Methods 1 6 10 6
Visit Visit Visit Visit
Review IG
Review
World Forex
Review
Interactive Brokers
Review

Compare Trading Instruments

Compare the markets and instruments offered by Noble Trading and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Noble Trading Trading Instruments
Noble Trading IG World Forex Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes No
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver No Yes Yes No
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes No Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No Yes
Spreadbetting No Yes No No
Volatility Index No Yes No No

Noble Trading vs Other Brokers

Compare Noble Trading with any other broker by selecting the other broker below.

 

Customer Reviews

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Noble Trading is an FX & CFD broker offering multiple deposit & payment options.

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.