TMS Brokers to Take Over Noble Securities’ FX Unit - Finance Magnates

TMS Brokers to Take Over Noble Securities’ FX Unit - Finance Magnates


TMS Brokers to Take Over Noble Securities’ FX Unit - Finance Magnates

Posted: 23 Oct 2019 05:45 AM PDT

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 the 22nd of October Noble Securities S.A. brokerage house decided to sell the part of its business that offers FX services, and from the 23rd of November, will stop running accounts via the Noble Markets platform.

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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.

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Dominik Ucieklak of Noble Securities
Dominik Ucieklak, President of Noble Securities S.A
Source: Noble Securities

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.

Marcin Niewiadomski of TMS Brokers
Marcin Niewiadomski, President of the Management Board of TMS Brokers S.A
Source: 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."

MetaTrader 4 Review 2019: Pros, Cons & More • Benzinga - Benzinga

Posted: 16 Jul 2019 12:00 AM PDT

Considered the gold standard among trading platforms, MetaTrader 4 is a free platform for trading forex and other financial instruments such as CFDs, futures, indices, commodities, and cryptocurrencies. MetaTrader4 is available for retail traders through specific brokers, which individually license the platform.

According to its developer, MetaQuotes Software, the platform is available through over 750 brokers and banks and services millions of traders.

Beginners

MetaTrader 4, with its simple design, excellent user interface, and functionalities such as copy trading and Expert Advisors, is ideal if you're a beginner.

Since most brokers offer this as a sole platform or as an add-on with their own proprietary platform, you'll gain access to a plethora of platform of educational resources and tutorials. The fully-functional demo account offers strong support for beginners.

Advanced traders

The platform also appeals to advanced traders due to its advanced charting capabilities and technical analysis, several built-in indicators and graphical tools, etc. The platform also allows automated trading by programming with MetaQuote's proprietary MQL4 language and constructing custom indicators.

MetaTrader offers desktop, web and mobile platforms. The platforms support over 30 languages, including English, French, Spanish, Portuguese, Japanese, Chinese and Russian. The desktop platform helps analyze financial markets, performs advanced trading operations, runs trading robots and does copy trading.

Source: MetaTrader
Source: MetaTrader

The client terminal of the platform allows three trade execution modes:

  • Instant execution
  • Execution on request
  • Execution by market

Orders executed through MetaTrader 4 can be a market order, which is an order executed at the current market price or a pending order, which is a commitment to buy or sell a security at a predefined price in the future.

A pending order can be a limit, stop or stop-loss order. The platform's quick trading function sends orders from the chart with one click. Another feature, called built-in tick, helps accurately determine entry and exit points. Price movement can be analyzed in nine timeframes. The platform's charting application has 30 built-in technical indicators and 24 graphic objects.

MetaTrader 4 platform also ensures security; it conforms to the highest security standards. Your trading account is secured by the encryption of data exchanged between the client terminal and the platform's servers and the usage of RSA digital signatures. The web platform allows you to trade using any browser and operating system. It provides for all trading orders, four execution modes and one-click trading. The chart carries real-time quotes.

Source: MetaTrader 4
Source: MetaTrader 4

MetaTrader 4's mobile platform gives complete control over your trading account, and you can access your account anywhere, anytime. The free chat option also helps to communicate with other traders. MetaTrader 4 offers an automated trading feature with the help of automated trading robots called Expert Advisors (EAs). EAs can analyze quotes and execute trades.

These EAs, or robots, are available for download for free from Code Base, which is a library that features codes of free EAs, technical indicators and scripts. Alternatively, they can be purchased or rented from the Market, an online store. You can also order EAs from professional MetaTrader freelance developers.

TradingSignals in MetaTrader 4 allows copy trading of successful traders, who provide their trades in public access for free or for a reasonable fee, thereby becoming signal providers. These free and commercial signals are found on the Signals tab of the trading platform and on the firm's website. You can select a signal provider and start copying trades without leaving the platform.

Source: MetaTrader 4
Source: MetaTrader 4

The alert tool of the platform lets you create an alert for certain trading conditions such as the price that exceeds specified bid and ask prices. Once the specified event occurs, you will be notified.

The platform does not carry third-party research offerings. The financial alerts and tools of the platform provide traders with the latest market events, news from exchanges and large financial institutions, interest rate decisions, geopolitical developments, etc.

For transmitting the quotes and news, you need to launch a simple plugin, a gateway for connecting the platform with quotes and news providers. The platform has already created feeds for major quote and news providers such as IB Times, Trading Central, Dow Jones, Claws and Horns, MNI, Bloomberg, Reuters, Alliance News, FXStreet and Trading Central. You can create your own feed using the MetaTrader 4 API.

Metatrader 4 is free for download from the website. On the first launch, you will be prompted to open a free demo account to enable you to test all features of the trading platform.

When you access the platform through a broker, it may offer MetaTrader 4 free for its clients or widen its spread to account for the use of either the MetaTrader 4 standard account or the MetaTrader 4 Pro account. The brokerage pays an upfront fee of $100,000 for a full license and coughs up an extra sum of around $15,000 per month for hosting, bridging, hiring 24/5 support and other services.

You'll need:

  • OS – Windows XP/2003/Vista/2008/7/8/10
  • Processor – One that supports SSE2 instruction sets

The other hardware depends on terms of using the terminal, load from running MQL4 applications and the number of active instruments and charts, etc. MetaQuotes do not create a version of the platform for Linux and Mac OS. However, to install MetaTrader 4 on the Linux, you need to have the Ubuntu OS and Wine, which is an installer of the Windows program.

For installing on Mac OS, a special program installer called PlayOnMac is needed, which can be downloaded for free. Wine and PlayOnMac do not guarantee perfectly installed programs; they can have bugs at times. If you want to install MetaTrader 4 on a tablet or smartphone with Android OS, Android 4.0 or a higher version is required. For an Apple device, iOS 7.0 or a higher version is required.

MetaTrader 4's website has a webpage dedicated to help topics, which provides information under various heads such as getting started, client terminal settings, user interface, working with charts, analytics, trading, auto trading, tools, articles, signals, market and virtual hosting.

To purchase the software, brokerages can contact MetaQuote's offices in Cyprus, China, Singapore, Australia, Turkey, UAE, Pakistan and Thailand. Support is also available from brokerages that offer the platform.

Once you download the platform, you'll be up and running in no time. Its user interface is friendly and intuitive despite its advanced features. The feature that allows placing of orders right from the charts ensures quick execution and helps you capture profit-making opportunities.

Final Thoughts

Since MetaTrader 4 is the most preferred platform for most brokers, you may not be required to learn to trade with another trading platform. The analytical tools offered by the platform are second to none and the copy trading feature helps beginners draw on the expertise of experienced professional traders without burning their fingers. It also facilitates automated trading by either buying or developing your own EAs.

MetaQuotes has tried to popularize MetaTrader 5, so it's likely that that licensor may not offer technical updates or support. Even so, if you're using MetaTrader 4 from an established broker, you're likely to have unhindered access to the platform.

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