Noble is selling its FX operations to focus on its stock market services.
There’s been a development in Poland’s foreign exchange (forex) market, as one of the country’s largest brokerage houses, TMS Brokers, will be taking over Noble Securities over-the-counter Forex and contracts for difference (CFD) operations.
On October 22, Noble Securities S.A. brokerage house decided to sell the part of its business that offers FX services, and from November 23, it will stop running accounts via the Noble Markets platform.
This means that TMS will be taking over the whole OTC and CFD business from Noble Securities, which has decided to let go of its FX unit in order to focus on its key business segments and develop its stock market services, including investment consulting and investment banking.
Noble clients can continue to trade FX with TMS Brokers
Under the agreement, TMS will continue to provide services to Noble’s clients that want to continue investing in the OTC and CFD markets. Existing clients will be able to join the Polish broker on the same conditions regarding forex investing.
According to the brokerage house, they will have access to their account on the MetaTrader 4 platform and will be able to choose other products from TMS’ offering, such as using Meta Trader 5 or its TMS Brokers mobile app, which it developed in-house.
Commenting on the announcement, Dominik Ucieklak, President of Noble Securities S.A said (translated): “Appreciating the trust our current clients have placed in us through the OTC / CFD market, we wanted to limit their inconvenience resulting from our business decision to end the provision of services on the forex market.
“Cooperation with TMS Brokers, interested clients, allows you to transfer open positions and continue the investment on conditions not worse than before. At present, the Management Board of Noble Securities sees better perspectives for development and generating profits in other areas of activity. "
Not only will existing clients have access to at least the same offering after the change, but the staff currently employed in Noble’s forex business will continue to work under TMS Brokers.
"We were pleased to hear that Noble Securities chose TMS Brokers as a partner to take over the organized part of the enterprise and entrusted us with continuing cooperation with clients from the OTC / CFD segment,” added Marcin Niewiadomski, President of the Management Board of TMS Brokers S.A.
“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 customer transition process is as light as possible."
There’s been a development in Poland’s foreign exchange (forex) market, as one of the country’s largest brokerage houses, TMS Brokers, will be taking over Noble Securities over-the-counter Forex and contracts for difference (CFD) operations.
On October 22, Noble Securities S.A. brokerage house decided to sell the part of its business that offers FX services, and from November 23, it will stop running accounts via the Noble Markets platform.
This means that TMS will be taking over the whole OTC and CFD business from Noble Securities, which has decided to let go of its FX unit in order to focus on its key business segments and develop its stock market services, including investment consulting and investment banking.
Noble clients can continue to trade FX with TMS Brokers
Under the agreement, TMS will continue to provide services to Noble’s clients that want to continue investing in the OTC and CFD markets. Existing clients will be able to join the Polish broker on the same conditions regarding forex investing.
According to the brokerage house, they will have access to their account on the MetaTrader 4 platform and will be able to choose other products from TMS’ offering, such as using Meta Trader 5 or its TMS Brokers mobile app, which it developed in-house.
Commenting on the announcement, Dominik Ucieklak, President of Noble Securities S.A said (translated): “Appreciating the trust our current clients have placed in us through the OTC / CFD market, we wanted to limit their inconvenience resulting from our business decision to end the provision of services on the forex market.
“Cooperation with TMS Brokers, interested clients, allows you to transfer open positions and continue the investment on conditions not worse than before. At present, the Management Board of Noble Securities sees better perspectives for development and generating profits in other areas of activity. "
Not only will existing clients have access to at least the same offering after the change, but the staff currently employed in Noble’s forex business will continue to work under TMS Brokers.
"We were pleased to hear that Noble Securities chose TMS Brokers as a partner to take over the organized part of the enterprise and entrusted us with continuing cooperation with clients from the OTC / CFD segment,” added Marcin Niewiadomski, President of the Management Board of TMS Brokers S.A.
“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 customer transition process is as light as possible."
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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