Noble Capital House Review
Noble Capital House Review
Noble Capital House lists three distinct companies associated with the brand. We are not entirely sure how they are related (if two of them are the subsidiaries on one, or they are totally separate). That being said, none of them claim affiliation with a regulatory agency.
As you may know, we value regulation very highly, when comparing forex brokers. An unregulated entity may simply take your money and no offer you any service in return. Nowadays even more sophisticated scams are prevalent, usually involving unreasonable promises on the phone. In order to prevent such activities, most countries have created dedicated regulatory bodies, with which the legitimate brokers must register.
One of the most respectable such watchdog is the UK’s Financial Conduct Authority (FCA), which enforce strict rules. From a trader’s perspective two of them are the most important – the segregation of client accounts and the compensation scheme. First and foremost, FCA-regulated brokers can’t easily access their clients’ funds – this can only be done under specific conditions. This ruling prevents most simple fraudulent activities from occurring. On the other hand the Financial Services Compensation Scheme guarantees traders’ accounts, against their broker going bankrupt. The UK’s scheme covers up to £50,000 per account.
While not regulated Noble Capital House, provides regular news updates on its Facebook page. Judging by their contents, the company doesn’t focus on any exotic language group, but posts mainly updates on US stocks.
Minimum Initial Deposit
The minimum investment at Noble Capital House is $250, which is a bit high for the current environment. Most brokers, like FxPro, now allow new traders to experience real-money trading, after depositing only $100.
While this isn’t an important factor, when it comes to the overall credibility of a broker, it is still important for some. There is nothing wrong with wanting to start-out with a small account. Just remember the most important rule of trading – don’t risk money you can’t afford to lose.
Average spreads & Commissions
Noble Capital House does not reveal its spreads (or an estimation) on the website. Given the fact demo accounts are not available, we created a real account to see how their platform looks and view the conditions. The spreads were extremely high, in comparison to the ones provided by other brokers. While most companies offer something in the 1.0-1.5 pip range for EUR/USD, Noble Capital House has a spread exceeding 4 pips on this pair. For a comparison of the conditions provided by some of the top-rated brokers, visit the special platform, which we have set-up.
The leverage cap at Noble Capital House is set at 1:1000. At this point, it’s not much of a cap at all. Higher leverage, allows traders to risk a bigger portion of their trading accounts in a single transaction. This can lead to massive loses within minutes. Be sure to fully understand the risk management principles which successful traders apply, instead of putting your entire account on the line.
Noble Capital House provides a web-based platform. This comes with the usual pros and cons. While it can be accessed on any device, without the need of installing software, it is only limited to a single browser window.
We find the platform slightly clunky. The instrument list is placed directly below the chart and oddly enough appears to be the only way to open a new position. While it does its job, this platform can’t be compared to industry-leading solutions, like MetaTrader4 (MT4) or cTrader, in terms of functionality.
Methods of Payment
Noble Capital House accepts payments via a few methods. They are Bank Transfer, Credit Card, Yandex and even Bitcoin.
Noble Capital House is an unregulated forex and CFD broker. Trading conditions at the company aren’t competitive with the current offers, provided by the major players in the industry. While we can’t clearly conclude Noble Capital House is a scam, we would not recommend dealing with them.
Noble Capital House Review Conclusion
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