Score

1.46 /10
Danger

MorsPrime

Seychelles

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.64

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

MorsPrime

Company Abbreviation

MorsPrime

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
MorsPrime · Company summary

Official Website Unavailable

The broker's official website does not work, and the information is not available on other websites as well, thus, clients only take a poorly-conceived browse.

In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Besides, the official website is as follows: https://morsprime.com/

General Information

MorsPrime is an emerging broker offering over 120 currency pairs and claiming to offer Ultra-fast execution with super-low spreads, besides, the broker was registered in Seychelles with no more than 2 years of experience in business, it has not provided any office location info as well as the regulation details.

Market Instruments

After struggling our way to search the other websites, only to get the information that MorsPrime provides the clients with Forex at low cost.

Accounts & Leverage

There are three different accounts including Standard Account, ECN Pro Account, ECN Prime Account with various requirements and trading conditions, the minimum amount varies between $1 and $5,000, for instance, the Standard Account set a limit to the minimum deposit for $10, and the same goes for the ECN Pro, for the ECN Prime Account, clients are required to deposit the minimum amount of $5,000, in addition, the clients could enjoys the leverage of 1:100 for the Standard Account, and the leverage for the other account is capped at 1:500.

Spreads & Commissions

The spread is various in light of the types of account, for instance, the spread for the Standard Account is form 0 pips, and others are 0.1 pips, and 2.5 pips respectively. Moreover, there is not any information about commissions mentioned.

Trading Platform

Clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators.

Deposit & Withdrawal

The same goes for commissions, MorsPrime does not elaborate on the payment methods they accept.

Customer Support

We could not get relevant information about the phone number of the company due to failing to visit the official website, if so desired, please e-mail at support@morsprime.com.

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.

User Reviews

More

User comment

2

Comments

Write a review

FX1348425287
more than one year
Their standard account has a low deposit threshold, making it very accessible to beginners. The platform is user-friendly and the leverage is flexible, making it easy to manage risk. I am also looking forward to switching to their ECN account, which has even tighter spreads. Overall, MorsPrime is a great choice for anyone looking for a reliable and user-friendly trading platform.
Their standard account has a low deposit threshold, making it very accessible to beginners. The platform is user-friendly and the leverage is flexible, making it easy to manage risk. I am also looking forward to switching to their ECN account, which has even tighter spreads. Overall, MorsPrime is a great choice for anyone looking for a reliable and user-friendly trading platform.
Translate to English
2023-03-21 18:28
Reply
0
0
sherry
more than one year
They have very little market knowledge, little to no trading skills, they are unregulated, and they have absolutely no interpersonal skills or the ability to communicate with clients. Avoid at all costs: This is the most obvious market scam.
They have very little market knowledge, little to no trading skills, they are unregulated, and they have absolutely no interpersonal skills or the ability to communicate with clients. Avoid at all costs: This is the most obvious market scam.
Translate to English
2023-03-03 17:14
Reply
0
0
1