Noble Markets withdraws STP bills from the offer

Noble Securities SA, which owns the forex Noble Markets brand, informed that since 24 May 2019 has been withdrawing from the offer investment accounts operating in the STP model on the MetaTrader 4 platform. Support for accounts executing orders in mode Market Maker remains unchanged.

Be sure to read: Polish Forex brokers - List

STP accounts unprofitable?

February XNUM in a separate article we informed you about the decision of the Polish broker regarding the withdrawal of instruments from the offer up to 36. As a result, the list of available assets is only 77 symbols consisting mostly of currency pairs. Now another disturbing message has been sent to Noble Securities clients - only MM accounts are left on offer.

Customers holding STP accounts are obliged to close all positions and to pay all funds to 22: 00 on the above day.

The information sent to clients with STP accounts reads:

"Until the Closing Date (i.e. May 24, 2019 - editorial note) of the Noble Markets MT4 STP Account, the Client is obliged to dispose of the CFDs and the funds recorded on this Account in such a way that the balance of the Noble Markets MT4 STP Account on the Date The termination of the Agreement was nil. Therefore, please close, by the End Date at the latest, all open positions on CFDs recorded on your Noble Markets MT4 STP Account. "

If we are only holders of an STP account and we do not take any shares, funds will be withdrawn to our bank account automatically. However, we have the option of ordering the conversion of the account into a MM model. Before this activity, we are forced to close all open positions.

Noble Securities does not inform about the reasons for the change in the submitted document, however, it mentions that work is under way on a new additional offer of services provided on the Forex market. Details are not yet known.