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Suspicious Clone
Score
1.99 /10
Danger
Morning Markets
2-5 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.56
Risk Management Index0.00
Software Index8.43
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The VanuatuVFSC regulation (license number: 14677) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Morning MarketsReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Vanuatu |
| Regulation | VSFC (Suspicious clone) |
| Market Instruments | Forex, precious metals, stock indexes, crude oil |
| Demo Account | / |
| Leverage | 1:100 - 1:400 |
| Spread | From 0.5 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Phone: 0086 - 02989873607 |
| Email: cs@morningfx.com | |
| Contact Form | |
| Company Address: 3-12008, Zhenxiangbaoku No.5, Weiyang Road, Weiyang District, Xi'an City, Shanxi Province, China | |
| Regional Restrictions | The United States, North Korea, Iran, Vanuatu |
Morning Markets is a trading platform offering various trading products, including forex, precious metals, stock indexes, and crude oil. They provide a user-friendly platform, the popular MT5, and boast competitive spreads starting from 0.5 pips. It is incorporated in China and is currently unregulated.
Pros & Cons
| Pros | Cons |
| Various market instruments | Suspicious clone FSC license |
| Flexible leverage ratios | Strict regional restrictions |
| MT5 supported |
Is Morning Markets Legit?
No. Morning Markets' license is suspected to be a fake clone, which indicates that Morning Markets lacks proper regulation.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Regulatory Status |
 | Vanuatu Financial Services Commission (VFSC) | MORNING MARKETS LTD | Retail Forex License | 14677 | Suspicious Clone |
What Can I Trade on Morning Markets?
| Trading Asset | Available |
| forex | ✔ |
| precious metals | ✔ |
| stock indexes | ✔ |
| crude oil | ✔ |
| cryptocurrencies | ❌ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit | Min Transaction Volume |
| Mini | $100 | 0.01 lot |
| Standard | $2 000 | 0.1 lot |
| ECN | $10 000 | 0.01 lot |
Leverage
| Account Type | Leverage |
| Mini | 1∶100-1∶200 |
| Standard | 1∶100-1∶400 |
| ECN | 1∶100-1∶400 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
Morning Markets utilizes the popular MetaTrader 5 (MT5) platform for its trading operations.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
Visa, Master card, Paypal, American, and Stripe are available for depositing and withdrawing on Morning Markets.
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