Noble Trading Review: Commissions, Fees and Investments Offered (2012)
- Stocks and ETFs: $7.95
- Or 0.008 per share + ECN fees, $3.95 minimum per trade and $5000 minimum account size
- Options: $7.95 plus $1 per contract for market and limit orders
- Mutual funds: $45
- Us Treasuries & Agencies Cmo: $40
- Muni Bonds: $40
- Futures: $1.50 per contract, per side
- Investment products: stocks, options, mutual funds, munis, futures, ETFs
- Minimum to open Noble Trading account: $500 for cash account, $2000 for margin account
- All Noble Trading fees
NobleTrading.com Trading Tools Review
Noble Trading offers 4 trading platforms. First, Web Based Trading Platform, is completely free without a
Streamer (with Streamer it's $20/month if less than 10 trades/month). The platform is browser based,
provides direct access and ability to trade stocks, options and futures. It includes Charts, News, Stock Screener,
Stock Calendar, Market Movers, Watch Lists and more.
Second platform is NobleTrader Software. It is free if you make over 25 trades a month, otherwise it's $50 per month.
You could trade US and Canadian stocks, options and futures. NobleTrader is a full streaming direct access platform that
includes charting, Level 1.5 (Level 2 is $99/month), Top 20 lists, times sales, option chains, range orders,
trailing stop losses, and more.
Third platform, The Shield, is for active traders. It comes with a steep price tag - $149/month.
It provides direct access to all major ECN’s,
complete options trading suite including greeks and charts, batch order entry, alerts, top ten, portfolio analysis,
news, charts and more.
Fourth platform, NobleFX Forex Trader, is for Forex traders.
Noble Trading Pros
- Good customer service
- $500 minimum to open cash account, $2000 for margin account
- Forex trading is available
- Checking account (but with annual fee)
Noble Trading Cons
- Expensive mutual fund commissions
- Extremely high trading platform fees
- Account maintenance fee: $25 annually, if less than 10 trades per year
- Annual IRA fee: $35
- Outgoing ACAT: $100 - most companies have this fee, but few have it so high
- Option exercise: $40
- Numerous market data and miscellaneous fees
Noble Trading Review 2012 Summary
Noble Trading's $7.95 plus $1 per contract options commission and $45 mutual fund fee are high comparing
to some other discount brokerage firms.
The firm charges $25 account inactivity fee if one makes less than 10 trades per year and $35 annual IRA
fee. Because of that we can't recommend it for retirement account and for people who rarely trade.
For IRA check out our Best IRA Firms list.
The firm has 4 trading platforms but there are steep requirements if one wants to use them for free.
If these requirements are not met, clients are charged an arm and leg.
There are better online brokers for people new to investing than Noble Trading, offering helpful online communities and virtual trading
environment. Take a look at our Best Brokers For Beginner Investors recommendations.
Noble Trading offers checking account but with $30 annual fee.
It seems like the firm enjoys charging fees for whatever it can. It's one of the most "fee-rich" brokerages we
have reviewed. Therefore it's hard to recommend Noble Trading for any type of account. Whatever you are looking for -
stock trading, day-trading, IRA account, beginner investor support - there are many other
top online brokerage firms
that are cheaper than Noble Trading in commissions and fees.
Noble Trading
Reviewed by Brokerage Review on
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Rating: 3
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