NobleTrading Review – What You Didn’t Know About This Broker?

NobleTrading company operates under the name United Capital Group LTD. This company is registered in the British Virgin Islands in 2015. Practically, they are completely anonymous company.

Important to realize is that the company’s website is currently not secured. This all goes along with their services that we will present to you in this NobleTrading Review.

Legal Info: Is NobleTrading Legit Or A Scam?

In the first place, NobleTrading should be licensed by the BVI Financial Services Commission. Thus, those registers were empty upon search of the broker. In fact, they are not licensed by any other Tier 1 regulator. Starting with FCA, BaFin or ASIC.

With this in mind, you know that all their promoted protection is fictive. Even though they claim to offer guaranteed stop-loss and segregated bank accounts for deposits that could be a lie.

Who Are NobleTrading’s Clients?

Strangely, the company doesn’t have any reviews on trusted platforms. Considering their existence since 2015, that’s very weird. Nevertheless, besides their restrictions, they are still reaching out to some clients. But mainly scammed ones come from: 

• United States
• Canada
• India
• Qatar
• Uzbekistan

Let us know if you are coming from any of these countries and what’s your experience with this broker. Have in mind that our experts can advise you on chargeback options. So, if that’s something you need, don’t hesitate to contact us.

Investment Costs With NobleTrading

On the positive side, the company provides some of the trading costs transparently. Such as spreads and leverage and commission. Their leverage goes up to 1:500 which wouldn’t be approved by any Tier 1 regulator.

Spreads for the basic account start from 3 pips. That’s quite expensive. However, regardless of the account type you are paying a commission. Quite costly to be honest from $5 – 10$ per lot.

Bonuses

Surprisingly, NobleTrading scam broker doesn’t offer bonuses. At least not on their website. But without regulation, you can expect special bonus offers if you start requesting a withdrawal.

NobleTrading Trading Features

Besides third-party MT4 software, there’s nothing good about their offer. Primarily because trading can cost you heavily. There’s no use of award-winning technology if the profits can’t be taken out.

Is NobleTrading Legit?

There’s no offshore broker without a license that operates legitimately. In the first place, this broker doesn’t have transparent legal documents. Secondly, they are not licensed. Lastly, their trading conditions are designed to rip you off. But even some brokers like PrimoTrade can have a less costly offer and still get all of your money.

Available Trading Assets

Another key fact about this broker is the missing stocks and crypto assets. In general, two most popular choices. Instead, you can trade: 

• Forex – USD/JPY, AUD/SGD
• Commodities – gold, natural gas
• Indices – FTSE100, DowJones

Account Types

With NobleTrading company, you can have 3 different account types. The higher deposit you make the better conditions you get. Allegedly. Your options are: 

• Basic – $100
• Standard – $500        
• Professional – $5.000

Mobile Trading App

Considering the available Meta Trader 4 it’s not strange that they offer a mobile app as well. Finally, traders can enjoy all the advanced features on their iOS or Android devices. But it’s better to stick with a demo account instead of risking your money with this shady broker.

Demo Account

More positive stuff coming! Throughout trusted MT4, traders can open a demo account first. Therefore, you can see the trading costs in live action.

Education

As for the education part, NobleTrading has quite a poor offer. There is only an economic calendar available and a basic knowledge base. In fact, nothing that you can’t google yourself.

NobleTrading Withdrawal

Even though there’s no withdrawal policy they have withdrawal details covered. Have in mind that USD deposits can cost you 2% if you are depositing with the card. In general, USD withdrawals are processed on the same day while others can take 2 business days. A withdrawal fee for amounts lower than $1000 is $30, while for the EUR account it’s 16 EUR.

According to the company, higher withdrawals are not charged with any fees. But that’s speculative considering the missing NobleTrading problems with the license. There are many tricks brokers are using to prolong withdrawals. Some of those you can also see in our 12Trader review.

Customer Support

If you are looking for NobleTrading help from customer service it’s going to be a rollercoaster. The company map puts them in the US. Even though their address is in the British Virgin Islands. However, the phone number comes from the UK. Most likely VOIP that is hiding its real location.

Besides, you can reach out via e-mail and web form. To be honest, nothing really promising.

Key Information To Consider About NobleTrading?

Primarily, the company is not regulated. In addition to that, there are many irregularities with their location and contact options. Also, trading with them can cost you a fortune. For a company that exists since 2015, there are no transparent user comments. Which is very suspicious.

In case you have any issues with this broker, the first choice is to talk to the authorities. Since it’s hard to define the governing law, you might as well apply for alternative methods. In this case, chargeback might be a suitable option. Don’t waste time anymore and start your refund process today. Contact us for detailed advice.

FAQ Section