MorganFinance Forex Broker

MorganFinance Review SummaryFounded2-5 yearsRegistered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex/Commodities/Stocks/IndicesDemo Account/LeverageUp to 1:300SpreadFloatingTrading PlatformMT4/MT5Min Deposit$250Customer SupportPhone number: +44 7418358180Email: compliance@morganfinance.tradeMorganFinance 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 ConsPros Cons Leverage up to 1:300UnregulatedVarious tradable instrumentsDemo account unavailableMT4/MT5 availableInaccessible official websiteNo specific transfer time and fee informationIs 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 BronzeSilverGoldPlatinumDiamondMinimum Deposit$250$1000$5000$10000$25000Leverage1:301:701:1001:2001:300SpreadfloatingfloatingfloatingfloatingfloatingMin. Lot0.010.010.010.010.01Stop out25%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 PlatformSupported Suitable for MT4✔Junior tradersMT5✔Experienced tradersDeposit 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.