Score

3.46 /10
Danger

Morgans

Australia

2-5 years

Regulated in Australia

Investment Advisory License

Suspicious Overrun

Medium potential risk

B

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Score

Regulatory Index3.05

Business Index6.81

Risk Management Index0.00

Software Index4.00

License Index3.29

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Morgans Financial Limited

Company Abbreviation

Morgans

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-22
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 235410)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

Morgans · Company summary

BASIC INFORMATION

Morgans Financial Limited are a global online financial trading platform and multi asset broker founded in 2008. Over 13 years later Morgans Financial Limited has grown to offering retail investors Forex trading, Social trading, and Share Dealing trading. Morgans Financial Limited are a global broker. Morgans Financial Limited have a head office in Australia. When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Morgans Financial Limited is a multi asset platform with 170+ tradable Assets. Assets available on Morgans Financial Limited include Forex trading, Social trading, Share Dealing. Morgans Financial Limited trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Social trading, Share Dealing are considered financial assets.

REGULATORY INFORMATION:

MetaTrader4 supported

At Moneotrade you have a choice between a downloadable PC version of the famous MetaTrader4 platform and a web based version. MetaTrader4 is well known to traders. It features numerous market indicators, an excellent set of advanced charting tools, as well as in- build trading robots, which will readily help you run algorithmic trading sessions. Moneotrade is owned and operated by AMFF Ltd, which is based in Cyprus and currently is still licensed by CySEC – the Cyprus Securities and Exchange Commission.

Morgans Financial Limited is not regulated. This means Morgans Financial Limited are not supervised by any regulatory bodies. Any payments funded to Morgans Financial Limited accounts by traders are held in a segregated bank account. For added security Morgans Financial Limited uses tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

ACCOUNT TYPE:

Demo account

Micro account

Standard account

TRADING PLATFORM AND TRADING SOFTWARE

Morgans Financial Limited does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms. Morgans Financial Limited offer their own custom trading platform developed and tested in house.

The Morgans Financial Limited trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Morgans Financial Limited platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.

With Morgans Financial Limited you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Morgans Financial Limited platform including news and quotes. Discover possible trades with the strong charting tools found with Morgans Financial Limited. Morgans Financial Limited is available as downloadable applications or online through the cloud. Monitor your orders with Morgans Financial Limited and receive breaking news in your positions..

DEPOSIT AND WITHDRAWAL

You will need a deposit of 100$ to begin trading with Morgans Financial Limited but a demo account option is available to help you familiarise yourself with the platform.

PAYMENT

Neteller and Skrill are accepted as payment methods along with credit and debit cards like VISA and MasterCard, and bank wire at Moneotrade you can pay with some popular e-wallets like Neteller and Skrill. Morgans Financial Limited allows you to withdraw your funds to Credit cards, Skrill, Neteller. However, the broker does not accept crypto payments, PayPal, Bank Account and Payoneer.

Morgans Financial Limited does charge commission on CFD instruments.

TRADING TIME

The trading platform is open and usable 24/7, however different markets will open and close at different times, so there can sometimes be a knock-on effect when trading certain instruments over the weekend, for example.

News

ExposureClone of Morgan Financial Ltd.

It is the era of clones. Anyone may pretend to be anything and deceive others rapidly. Even the most genuine firms become prey to it. Recently, FCA exposed a clone firm attempting to impersonate well known Morgan Financial Ltd.

WikiFX
2024-04-26 14:48
Clone of Morgan Financial Ltd.

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