Noble Securities is leaving the Forex market. TMS Brokers will take over the clients

Today, Noble Securities Brokerage House announced that it is terminating its activity on the Forex retail market. Customer accounts will be transferred to TMS Brokers. Trade at Noble Markets will be terminated on 22 November 2019.

Noble Securities abandons Forex

Already in February this year we informed about the first significant changes in Noble Markets (Forex brand name in DM Noble Securities). Then too Polish broker decided to reduce the number of instruments offered up to 1 / 3. Just a month later a decision was made to withdraw from STP accounts and leaving only accounts running in the Market Maker model.

In the message sent by Noble Securities we read:

Dear Customer,
we kindly inform you that we have decided to terminate the Forex market by Noble Securities SA (hereinafter "Noble Securities") at the end of 22.11.2019. At the same time, out of concern for our clients, making every effort to ensure their continuity of service, we have concluded a contract with Dom Maklerski TMS Brokers SA (hereinafter: "TMS Brokers"), as a result of which TMS Brokers will take over the provision of services on the Forex market from us.

The asset transfer day from Noble Markets to TMS Brokers is scheduled for November 23, and all positions, platform and login details will remain unchanged. Customers will be notified by e-mail in the near future.

Marcin Niewiadomski, president of TMS Brokers, comments:

We believe that the financial services market will consolidate, we are glad that we can actively participate in this process. Thanks to this transaction, we will increase the scale, market shares and business potential of TMS Brokers. We are convinced that our offer will meet the expectations of Noble Securities clients. We will also make every effort to ensure that the transition process for customers is as light as possible.

The Polish Forex market is shrinking

A series of adverse market changes (including ESMA regulations, a decrease in currency volatility) over the past few years meant that they remained only the most persistent on the battlefield. Over the past 5 years, 5 entities have disappeared from the Polish market:

• HFT Brokers (2016),
• DM BZ WBK (2016),
• DM ING (2015),
• DM PKO BP (2016),
• IDM SA (2013-2014).

Check it out: Polish Forex Brokers - List of offers