MorganFinance
Abstract：MorganFinance is a broker. The tradable instruments with a maximum leverage of 1:300 include forex, commodities, stocks, and indices. The broker also provides five accounts, including bronze, silver, gold, platinum, and diamond. The minimum deposit is $250. MorganFinance is still risky due to its unregulated status.
| MorganFinance Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Commodities/Stocks/Indices |
| Demo Account | / |
| Leverage | Up to 1:300 |
| Spread | Floating |
| Trading Platform | MT4/MT5 |
| Min Deposit | $250 |
| Customer Support | Phone number: +44 7418358180 |
| Email: compliance@morganfinance.trade | |
MorganFinance Information
MorganFinance is a broker. The tradable instruments with a maximum leverage of 1:300 include forex, commodities, stocks, and indices. The broker also provides five accounts, including bronze, silver, gold, platinum, and diamond. The minimum deposit is $250. MorganFinance is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:300 | Unregulated |
| Various tradable instruments | Demo account unavailable |
| MT4/MT5 available | Inaccessible official website |
| No specific transfer time and fee information |
Is MorganFinance Legit?
MorganFinance is not regulated, making it less safe than regulated brokers.
What Can I Trade on MorganFinance?
MorganFinance offers various market instruments, including forex, commodities, stocks, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
MorganFinance has five account types: bronze, silver, gold, platinum, and diamond. Traders who want low leverage can choose a bronze account, while those with a sufficient budget can open a diamond account.
| Account Type | Bronze | Silver | Gold | Platinum | Diamond |
| Minimum Deposit | $250 | $1000 | $5000 | $10000 | $25000 |
| Leverage | 1:30 | 1:70 | 1:100 | 1:200 | 1:300 |
| Spread | floating | floating | floating | floating | floating |
| Min. Lot | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Stop out | 25% | 40% | 60% | 80% | 100% |
Leverage
The maximum leverage is 1:300 meaning that profits and losses are magnified 300 times.
Trading Platform
MorganFinance cooperates with the authoritative MT4 and MT5 trading platform. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Suitable for |
| MT4 | ✔ | Junior traders |
| MT5 | ✔ | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $250. MorganFinance accepts Maestro, MasterCard, Bank Transfer, Wire Transfer, Visa, and Credit Card for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
Read more
COINEXX Exposed for Blocking Trader's Withdrawal Request
In online trading, choosing a reliable broker is one of the most important decisions a trader can make
XNT Group Broker Review
XNT Group, also known as XNT LTD, has recently caught the attention of traders, but there's a significant concern that investors should be aware of. With a WikiFX rating of just 3.19/10, it's essential to take a closer look at this broker and its potential risks before considering investing.
Promax Trading Exposed with Account Disabling and Scam Allegations
Promax, a forex trading broker has been facing serious allegations about data manipulation and account suspensions from a diverse set of traders. Such tactics put the broker under vigilance and raises questions on its reliability and credibility.
StoneX Brings FOREX.com to Singapore
StoneX Group Inc. has launched its trading platform, FOREX.com, in Singapore, giving local traders access to a wide range of global markets. The platform is operated by StoneX Financial Pte. Ltd., a company regulated by the Monetary Authority of Singapore.
WikiFX Broker
Latest News
MultiBank, MAG, and Mavryk Partner for $3B RWA Tokenization
WikiFXWestpac Fined NZ$3.25 Million Over Misleading Fee Practices Affecting 24,000+ Customers
WikiFXItaly’s Consob Blocks Four Crypto Platforms for Unauthorized Services
WikiFXATFX Reaffirms Commitment to Traders and Community Growth
WikiFXRegulators Uncover $1.2 Billion Fraud Linked to IM Academy
WikiFXStoneX Brings FOREX.com to Singapore
WikiFXBeware of Rising Online Scams in the Philippines: A Growing Threat
WikiFXUSD Index Continues to Weaken: Is the Market Losing Confidence?
WikiFXPromax Trading Exposed with Account Disabling and Scam Allegations
WikiFXWho Are the Cybercriminals Behind the Darcula Phishing Network?
WikiFXRate Calc
