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The Noble Markets offer is shrinking. 38 instruments disappear
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The Noble Markets offer is shrinking. 38 instruments disappear

created Paweł Mosionek18 February 2019

Noble Markets, the Forex brand owned by Dom Maklerski Noble Securities SA, announced in its newsletter about 36 instruments that today are going into "closing only" mode. Thus, the Noble offer has become the poorest in terms of assets available for trade on the domestic market.

POLISH FOREX BROKERS - STATEMENT

77 instruments remain

The offer disappears mainly in currency pairs considered to be exotic, but also in goods, energy carriers and indices. As of today, it is not possible to enter new transactions on them, and traders who have open positions can only close them.

List of withdrawn instruments:

AUDPLN, CADPLN, CHFSEK, CHFDG, CHFTRY, CHFZAR, EURDKK, EURHKD, EURMXN, EURSGD, EURZAR, GBPMXN, GBPSEK, GBPSGD, GBPTRY, MXNJPY, NOEXEK, SGDJPY, TRYJPY, USDDKK, USDHKD, USDSGD, ZARJPY, GOLD.FUT, SILVER.FUT, PALLADIUM, PLATINUM, SE.30, USD.INDEX, HEATINGOIL, GASOLINE, CATTLE, LEANHOGS, SOYMEAL, SOYOIL, COPPER.

The broker does not mention in its communication about plans to introduce new / other instruments on the basis of "substitution", nor does he give reasons for his decision. We can only assume that this is a result of insufficient interest in selected markets on the part of customers. They probably contributed to this state of affairs ESMA guidelines, which significantly increased the required margin for currencies (leverage max 1: 20 for non-main currency pairs, leverage max 1: 10 for goods).

As a consolation for clients interested in trading indices, there was information about the change of trading hours for CFD based on DAX30 according to the schedule 01:15 - 22:00.

Noble Markets instrument specification for MT4 accounts (PDF)

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.