Score
MorganFinance
Saint Vincent and the Grenadines|2-5 years| https://morganfinance.trade/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
morganfinance.trade
Website Domain Name
morganfinance.trade
Server IP
104.21.96.21
Company Summary
| MorganFinance Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Commodities/Stocks/Indices |
| Demo Account | / |
| Leverage | Up to 1:300 |
| Spread | Floating |
| Trading Platform | MT4/MT5 |
| Min Deposit | $250 |
| Customer Support | Phone number: +44 7418358180 |
| Email: compliance@morganfinance.trade | |
MorganFinance Information
MorganFinance is a broker. The tradable instruments with a maximum leverage of 1:300 include forex, commodities, stocks, and indices. The broker also provides five accounts, including bronze, silver, gold, platinum, and diamond. The minimum deposit is $250. MorganFinance is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:300 | Unregulated |
| Various tradable instruments | Demo account unavailable |
| MT4/MT5 available | Inaccessible official website |
| No specific transfer time and fee information |
Is MorganFinance Legit?
MorganFinance is not regulated, making it less safe than regulated brokers.
What Can I Trade on MorganFinance?
MorganFinance offers various market instruments, including forex, commodities, stocks, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
MorganFinance has five account types: bronze, silver, gold, platinum, and diamond. Traders who want low leverage can choose a bronze account, while those with a sufficient budget can open a diamond account.
| Account Type | Bronze | Silver | Gold | Platinum | Diamond |
| Minimum Deposit | $250 | $1000 | $5000 | $10000 | $25000 |
| Leverage | 1:30 | 1:70 | 1:100 | 1:200 | 1:300 |
| Spread | floating | floating | floating | floating | floating |
| Min. Lot | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Stop out | 25% | 40% | 60% | 80% | 100% |
Leverage
The maximum leverage is 1:300 meaning that profits and losses are magnified 300 times.
Trading Platform
MorganFinance cooperates with the authoritative MT4 and MT5 trading platform. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Suitable for |
| MT4 | ✔ | Junior traders |
| MT5 | ✔ | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $250. MorganFinance accepts Maestro, MasterCard, Bank Transfer, Wire Transfer, Visa, and Credit Card for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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