MorganFinance -Some Important Details about This Broker

General Information

Registered in 2021, MorganFinance is a Saint Vincent and the Grenadines-based forex broker, giving their clients access to a vast global financial market, including Forex, Commodities, Indices, Stocks. MorganFinance offers five different types of trading accounts, namely Bronze, Silver, Gold, Platinum and Diamond, with the lowest requiring a deposit of just $250 and the highest leverage allowed of up to 1:300.

MorganFinance is owned and operated by Effervescent Group LTD, a company registered in Saint Vincent and the Grenadines, and it is not subject to any regulation. And thats why WikiFX has given it very low score of 1.11/10.

Market Instruments

Through the MorganFinance platform, clients get access to four classes of financial markets, including the Forex Markets, Stock Markets, Indices Markets, and Commodities Markets.

Account Types

Five types of trading accounts are available options for both retail and profession clients, namely Bronze, Silver, Gold, Platinum and Diamond. The minimum deposit specifies trading accounts, with Bronze accounts from $250, Silver accounts from $1000, Gold accounts from $5,000, Platinum accounts from $10,000, Diamond accounts from $25,000.

Spreads & Commissions

MorganFinance offers floating spreads, with its commissions not disclosed yet.

Leverage

Trading leverage varies depending on trading accounts. MorganFinance provides its customers with access to 1:300, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

Morgan Finance advertises support for both the venerable MetaTrader4 and the MetaTrader5 platforms. However, we were presented with a web-based interface as simplistic as the one seen in the screenshot below. Look this:

Payment Methods

Morgan Finance claims to accept deposits from major credit cards in addition to Bitcoin, Litecoin, and Ethereum. Aside from that, it's reported that the minimum deposit is merely $250 USD, which is about what you'd need to deposit with most other brokers.

Customer Support

If you have any inquiries or trading-related issues, you can reach this broker through the following contact channels:

Telephone: +44 7418358180

Email: compliance@morganfinance.trade

Company Address: First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines.

Restricted Areas

Morgan Finance do not provide our services to residents and citizens of the USA, New Zealand, Japan, Iran, Syria, and Israel.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, considering your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Frequently Asked Questions

What trading instruments can I trade with on Morgan Finance？

Trading instruments offered by Morgan Finance include Forex, Commodities, Indices, Stocks.

What account types does Morgan Finance offer？

Five types of trading accounts are available, namely Bronze, Silver, Gold, Platinum and Diamond.

What is the minimum deposit required by Morgan Finance？

The minimum deposit required by Morgan Finance is $250.