Noble Markets Review – Is This UK Broker Licensed?
NobleMarkets.com broker doesn’t share any ownership information in the first place. But also they miss sharing address or contact details. Yet, they want you to trust them with your money.
The only way you can realize this broker might be from the UK is through their T&Cs. But that leaves us a starting point in checking their legitimacy. Read this Noble Markets review carefully to find all the details about this shady broker.
|Regulated by:||No regulations|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Registered in:||UK (allegedly)|
|Trading Platforms:||Proprietary web-trader|
|Trading Assets:||Cryptocurrencies, Forex, Shares, Indices|
|Free Demo Account:||Available (allegedly)|
|How to Withdraw from This Company?||Considering the UK court being promoted for any disputes and missing regulations you most likely won’t be able to make any withdrawals. In such a case, contact our team immediately to start a chargeback process.|
Legal info: Is NobleMarkets.com Legit or a Scam?
Making the UK court the key contact point for disputes makes our lives easier. We know that we should look first in the FCA registers for their license.
However, upon search of Noble Markets, we didn’t come across any positive results. Also, the same thing happens with other Tier 1 regulatory databases. In this case, BaFin, ASIC and CFTC.
Who are Noble Markets Clients?
In general, the company is lacking key user-experience reviews. With their operations since 2020 it’s hard to believe they don’t have any. Luckily, analytics are saying that this broker mainly scams traders from Poland.
Quite a strange country for targeting. Thus, it’s not excluded that some others are their priority as well. In fact, you can help us with that by sharing your experience with this broker. In the best case, our team can assist you with the refund if you had withdrawal issues.
Leverage, Commissions, Spreads, Fees and Taxes
NobleMarkets.com scam broker has quite poor information about the trading costs. Firstly, they don’t reveal any information about the leverage. But also, they don’t provide any commission details.
The only thing visible is the spreads and overnight swaps. With spreads for majors from 2 pips, they are considered quite an expensive broker. Not to mention that those can be much higher on real accounts.
Noble Markets Trading Features
Another key point is the company’s trading software. In fact, the company promotes the highly popular MT5 platform. With advanced features, high reliability and fast executions it would be a great choice for traders. However, all the pictures on the company website look like web-based software instead.
Is Noble Markets legit?
No. Without transparent regulations and ownership information, you can’t consider this broker a legitimate one. On top of that, they are mysterious about the trading conditions, software and account types.
Available Trading Assets
According to the company, there are 4 classes available. However, on their instruments page, they promote one more that is not listed. It’s quite a confusing broker without any credibility. Anyway, you can choose between:
- Forex USD/JPY, AUD/SGD
- Crypto BTC, ETH
- Indices DAX30, ASX200
- Shares Tesla, Nvidia
Important to realize is that the company doesn’t share information about the minimum deposit requirement. Thus, somewhere in the T&Cs you can see that the company might offer leverage up to 1:500. But also that there is a withdrawal clause. Thus, there is no specific account type separation.
Mobile Trading App
If the company is using MT5 software, there should be a mobile app available. On the other hand, if you can only use web-trader, the options are limited. You’ll be able to access your account only via the browser. Another discrepancy is their demo account.
As a matter of fact, the company promotes a demo account. Yet, by opening that page you are redirected to real account registration. Which is quite strange and misleading.
Anyway, you need to leave your contact information to this shady broker. Consequently, you can expect numerous calls from their boiler room agents with fairy tales about your future.
The only way of education this broker provides is market news and research. But those are general articles about some opportunities and events. Yet, to have live trading sessions with analysts is just a point of imagination.
Noble Markets Withdrawal
As can be seen from the T&Cs, the company accepts bank cards and bank transfers. The minimum withdrawal for the card is $200 and for a wire $500. However, there is a catch. Even though the company claims to process a withdrawal in 24h hours it’s not necessarily true. Primarily because of AML laws where they can ask you for additional account verification.
But also they can decline a withdrawal in case you didn’t meet the minimum trading volume requirement. That volume is your deposited amount multiplied by the leverage you are using. Practically a limitation for you and an opportunity for them.
Important to realize is that the company doesn’t have any contact information available. This is a huge warning sign for you to forget about this broker.
The only way to get in touch with them is through the compliance e-mail that is hidden somewhere in the T&Cs.
Key Information To Consider About NobleMarkets.com?
Primarily, the company is not licensed by any authority. Secondly, they are not transparent on many points. Starting with trading conditions, software, costs and funding of the account. Therefore, it’s plenty of room for manipulation.
Instead, you can stick with a Tier 1 licensed broker and forget about those issues. But in case you already became someone’s victim and lost your money, don’t worry. Our specialized team is equipped with the knowledge and technology to assist you with the refund. Contact us and book your first consultation free of charge! We are waiting for your message.
Is Noble Markets A Scam Or a Legit Broker?
Noble Markets is definitely a scam broker considering their missing regulations and transparency.
What Are The Assets Found on Noble Markets?
The Noble Markets company offers trading with currency pairs, cryptos, shares and indices.
Who Is The Business Owner Of Noble Markets?
Sadly, they don’t reveal any ownership details. With this in mind, you can expect primarily withdrawal issues. In such cases, get in touch with us for refund assistance.