Pros / Market trades are as low as $3.95.
Cons / It costs $20.00 for broker assisted trades.
Verdict / NobleTrading is a good discount online stock broker.
Editor’s Note: This product has been removed from our side-by-side comparison because it has been replaced by another product. You can still read our original review below, but Top Ten Reviews is no longer updating this product’s information.
NobleTrading is a versatile online stock trading service with a variety of features and options and competitive commission pricing. With NobleTrading you can trade equities, options, and futures within a single program. If you use the per-trade plan, trades are $7.95. If you use the per-share plan, trades can be as low as $3.95. NobleTrading has one of the best pricing structures of any online broker. There are two basic plans. Plan A is a per-trade plan that runs at the straight commission price of $7.95 per trade. This plan is best for large-block traders. Plan B is more appropriate for smaller trades, basing the price on a per-share basis. Plan B costs $0.008 per share with a $3.95 minimum. The minimum account requirement for NobleTrading is $500. Options trading is available for $7.95 and an additional $1 per contract (one contract for $8.95 and five for $12.95). There is a $25 maintenance fee, but it only applies to accounts that use fewer than 10 trades per year.
NobleTrading accommodates trading for multiple investment types. Of course the online broker offers the ability to trade standard stocks, options and mutual funds. But the service also allows for trading of bonds (corporate, convertible, and zero-coupon), custodial accounts, 529 plans, and Coverdell ESAs. There are a few uncommon investments that NobleTrading doesn’t support, such as unit investment trusts and municipal bonds, but overall, NobleTrading offers an extensive menu of investment types.
New users will have to take some time to get familiar with the system and its tools, but it is not difficult. NobleTrader includes the ability to customize and utilize hotkeys, so you can set the software to work according to your preferences. NobleTrading offers a variety of tools and features for online stock trading. In fact, there are four distinct software options to accommodate different users. There is a web-based trader platform for active traders that helps monitor the market and manage your portfolio. The NobleTrader is an in-depth program that includes graphs and tools on a single screen. The main interface includes windows with detailed charts, tick-for-tick updates on Level 1 and Level 2 bids and offers, top 20 stocks and customizable market tracking.
Additional user-friendly tools include alerts and triggers (automated selling when a stock reaches a defined level). NobleTrader also incorporates customizable hotkeys, so you can set up a personalized system. The software also has the ability to export data to Excel. The advanced software options include The Shield, complete with batch monitoring and ordering, and features to accommodate all major ECNs and greeks. There is also a free market newsletter, watch lists, market reports and news.
NobleTrading has a variety of helpful resources available online, including online manuals (one for each software option), a FAQs section and a company blog. You can get personalized, professional assistance over the phone, through email, or through online chat. Our experience with the NobleTrading staff was a good one.
NobleTrading is a good online stock broker. Combining competitive commission rates, a variety of software options with advanced features and excellent security, NobleTrading is worth looking into. Though not the highest performing service available, NobleTrading offers a comprehensive online stock trading service with a unique combination of features.