Morning Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-14 11:08

Abstract：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.

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