English
Morning Sky foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://secure.mstrade.uk/register.php, about the company's legal and temporary regulatory information, the company's address 64A Cumberland St, Edinburgh EH3 6RE, UK.
Morning Sky Forex Broker
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Note: Morning Skys official site - https://www.mstrade.uk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Morning Sky Review Summary in 10 Points Founded N/A Registered Country/Region United Kingdom Regulation NFA (unauthorized) Market Instruments forex currency pairs, spot metals, CFDs on indices, and spot indices Demo Account N/A Leverage 1:500 EUR/USD Spread From 0.5 pips Trading Platforms MT4 Minimum deposit $50 Customer Support email What is Morning Sky？ Morning Sky is Online Trading broker offering Meta Trader4 trading platforms, over 50 tradable instruments in forex, spot metals, CFDs, and spot indices. Morning Sky server retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. The broker claims to have registered a Common Financial Service License from NFA with registration number 0544940. However, the license is unauthorized. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Wide range of trading instruments • Unauthorized NFA license • Low minimum deposit • Unavailable website • Tight spreads • Reports of scams • Commission-free • Limited trading account types • MT4 supported • Only email support Morning Sky Alternative Brokers There are many alternative brokers to Morning Sky depending on the specific needs and preferences of the trader. Some popular options include: IronFX - a well-established broker with a diverse range of trading instruments and strong regulatory oversight. Windsor Brokers - for traders looking for a regulated broker offering competitive trading conditions and a variety of trading platforms. BlackBull Markets - a reliable choice for traders seeking low-latency trading, deep liquidity, and access to a wide range of trading instruments in a regulated environment. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is Morning Sky Safe or Scam？ Based on the information provided, Morning Sky is an unregulated broker with an unauthorized license from the National Futures Association (NFA, License No. 0544940). Additionally, the fact that their website is currently unavailable raises concerns about their legitimacy and reliability. Trading with an unregulated broker carries significant risks, as there is no oversight or protection for clients. It is advisable to exercise caution and consider alternative regulated brokers with a proven track record for safety and compliance. Market Instruments Morning Sky offers a diverse range of tradable instruments across various financial markets. Traders can access over 50 instruments, including forex currency pairs, spot metals like gold and silver, CFDs (Contract for Difference) on indices, and spot indices. This selection provides clients with the opportunity to engage in multiple markets and diversify their trading portfolios. However, it is important to note that Morning Sky is an unregulated broker, and trading with unregulated entities carries significant risks due to the lack of oversight and investor protection. Traders should carefully consider these factors before deciding to trade with Morning Sky. Accounts Morning Sky offers two types of trading accounts: Standard and Copy Trade accounts. With the Standard account, traders can access a wide range of financial instruments and utilize various trading strategies. The minimum deposit requirement for the Standard account is $50, making it accessible to traders with different budget sizes. On the other hand, the Copy Trade account is designed for those who prefer to follow and replicate the trades of successful traders. This account type allows traders to automatically copy the trades of experienced traders in real-time, offering an opportunity for beginners to learn from and potentially profit from the expertise of others. Leverage The maximum trading leverage offered by the Morning Sky is relatively high, reaching up to 1:500 for forex trading. Leverage allows traders to amplify their trading positions by borrowing funds from the broker, which can potentially result in higher profits. However, it's important to note that while leverage can enhance potential gains, it also increases the level of risk. Higher leverage means that even small market movements can have a significant impact on the trader's account. Spreads & Commissions Morning Sky offers competitive spreads on both its Standard and Copy Trade accounts. The spreads start from as low as 0.5 pips, which is a favorable condition for traders looking to minimize their trading costs. Additionally, Morning Sky does not charge any commissions on trades, which further enhances the cost-effectiveness of trading with this broker. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread (pips) Commissions Morning Sky 0.5 No IronFX 1.2 No Windsor Brokers 0.9 No BlackBull Markets 0.2 No Please note that these figures are for informational purposes and may vary depending on market conditions and account types. It's always recommended to check with the respective brokers for the most accurate and up-to-date information. Trading Platforms Morning Sky provides its traders with access to the popular MetaTrader 4 (MT4) trading platform. MT4 is widely recognized and appreciated by traders for its advanced features, user-friendly interface, and robust trading capabilities. With the MT4 platform, traders can access a wide range of trading tools and indicators, enabling them to analyze the markets, execute trades, and manage their positions efficiently. The platform is available for Windows, iOS, and Android devices, allowing traders to trade anytime and anywhere using their preferred device. Whether traders are beginners or experienced professionals, the MT4 platform offered by Morning Sky ensures a seamless trading experience with its stability, speed, and comprehensive functionality. See the trading platform comparison table below: Broker Trading Platforms Morning Sky MetaTrader 4 (MT4) IronFX MetaTrader 4 (MT4), MetaTrader 5 (MT5) Windsor Brokers MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader BlackBull Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader Deposits & Withdrawals Deposit and withdrawal methods are missing on the Morning Sky website. However, there is a logo indicating the possibility of using wire transfer as a payment method. It is important for traders to have clarity and transparency regarding deposit and withdrawal options, as well as any associated fees or processing times. Morning Sky minimum deposit vs other brokers Morning Sky Most other Minimum Deposit $50 $100 Customer Service Morning Sky's customer service support can be contacted through email at support@mastrade.uk. Additionally, it is positive to see that Morning Sky openly provides its company address, which is located at 64A Cumberland St, Edinburgh EH3 6RE, UK. However, traders should keep in mind that the availability and quality of customer service are crucial factors to consider when choosing a brokerage, and it is advisable to have multiple channels of communication available for prompt and efficient support. Pros Cons • Company address is revealed openly • No 24/7 customer support • No live chat or phone support • Only email support Note: These pros and cons are subjective and may vary depending on the individual's experience with Morning Sky's customer service. User Exposure on WikiFX On our website, you can see that some reports of scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Conclusion Based on the available information, it is essential to exercise caution when considering Morning Sky as a trading platform. The lack of regulatory authorization and the unavailability of the website raise concerns about its legitimacy and transparency. Traders should carefully evaluate the risks associated with trading on an unregulated platform and conduct thorough research before engaging with Morning Sky. It is advisable to choose reputable and regulated brokers to ensure the security of funds and a reliable trading environment. Frequently Asked Questions (FAQs) Q 1: Is Morning Sky regulated？ A 1: No. Morning Sky National Futures Association (NFA, License No. 0544940) is unauthorized. Q 2: Does Morning Sky offer the industry leading MT4 & MT5？ A 2: Yes. It supports MT4. Q 3: What is the minimum deposit for Morning Sky？ A 3: The minimum initial deposit to open an account is $50. Q 4: Is Morning Sky a good broker for beginners？ A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.
How to login to Morning Sky?
Morning Sky Similar Brokers
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Pros
Wide range of trading instruments Low minimum deposit requirement Tight spreads on tradesCons
Unauthorized NFA license raises regulatory concerns Website currently unavailable, impacting accessibility Reports of scams and negative user experiencesBasic Information
Registered Region 
United Kingdom
United KingdomOperating Period
--
Company Name
Morning Sky
Abbreviation
Morning Sky
Company employee
--
Customer Service Email Address
support@mstrade.uk
Company Website
Company Address
64A Cumberland St, Edinburgh EH3 6RE, UK
How to login to Morning Sky?
Morning Sky Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Morning Sky Account Registering for a Morning Sky account is the first step to accessing a range of trading services. Follow these detailed steps to successfully complete the registration process: Step 1: Access the Registration Page Visit the official Morning Sky website at mstrade.uk. Look for the "Sign Up" or "Register" button, typically found on the homepage. Click on it to navigate to the registration form. Insert screenshot of registration page here Step 2: Filling in Required Information Complete the registration form by providing necessary personal details such as your name, email address, phone number, and preferred password. Ensure that the information is accurate to avoid issues later in the process. Step 3: Email/Phone Verification After submitting your information, you will receive a verification link via email or a verification code via SMS. Click the link or enter the code to verify your account. This step is crucial for ensuring the security of your account. Step 4: Identity Verification (if required) Depending on your region, you may need to provide additional documentation for identity verification. This could include a government-issued ID, proof of address, or a recent utility bill. Ensure all documents are clear and legible. Step 5: Registration Confirmation Once you complete the verification process, you will receive a confirmation email indicating that your Morning Sky account has been successfully created. You can now proceed to log in. Common Registration Issues and Solutions Email Not Received: Check your spam folder or ensure that you entered the correct email address. If the problem persists, try resending the verification email. Verification Code Issues: If you didnt receive the SMS verification code, ensure your phone number is correct and check your network signal. You can request a new code if needed. Document Rejection: If your identity documents are not accepted, ensure they meet the required specifications (e.g., recent and clear). Contact customer support for guidance. Regional Differences in Registration While the registration process is generally uniform, certain regions may have additional compliance requirements. Always check the specific regulations applicable to your location to ensure a smooth registration experience. Part Two: Morning Sky Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening Registration is the initial step to create an account, while account opening involves selecting an account type and providing necessary documentation to start trading. Preparation Work Before Account Opening Before opening your account, ensure you have the following: A valid identification document (passport, drivers license) Proof of address (utility bill, bank statement) A bank account for funding your trading account Detailed Account Opening Steps Step 1: Selecting Account Type After registration, log in to your Morning Sky account. Navigate to the "Account Types" section and choose the type of account that suits your trading needs, such as a standard or copy trading account. Step 2: Submitting Required Documents Upload the necessary documents for verification. This typically includes your ID and proof of address. Ensure that all documents are scanned clearly and comply with the platform's requirements. Step 3: Account Review Process Once you submit your documents, the Morning Sky team will review them. This process can take anywhere from a few hours to a couple of days, depending on the volume of applications. Step 4: Account Activation Upon successful verification, you will receive a confirmation email indicating that your account is now active. You can now deposit funds and start trading. Step 5: Initial Setup After activation, log in to your account and complete any additional setup required, such as configuring your trading platform settings and payment methods. Frequently Asked Questions About Account Opening What is the minimum deposit？ The minimum deposit to open a Morning Sky account is typically $50. How long does the account opening process take？ The account opening process can take from a few hours to several days, depending on verification times. What if my documents are rejected？ If your documents are rejected, check the reasons provided and resubmit the correct documents. Next Steps After Opening an Account Once your account is open, consider exploring the trading platform and educational resources offered by Morning Sky. Familiarize yourself with the tools available for effective trading. Part Three: Morning Sky Login Process Explained Basic Web Login Process To access your Morning Sky account, follow these steps: Step 1: Visit the Login Page Navigate to the Morning Sky website and find the "Login" button, usually located in the top right corner. Step 2: Enter Your Credentials Input your registered email address and password in the provided fields. Step 3: Two-Factor Authentication (if enabled) If you have set up two-factor authentication, enter the verification code sent to your mobile device. Step 4: Click on the Login Button Press the "Login" button to access your account. Step 5: Explore Your Dashboard Once logged in, you will be directed to your account dashboard, where you can manage your trades and account settings. Mobile App Login Process If Morning Sky has a mobile app, the login process is similar: Open the app. Enter your credentials. Complete two-factor authentication if applicable. Tap "Login" to enter your account. Other Login Methods Morning Sky may offer third-party login options, such as Google or Facebook. If available, simply click on the respective button and follow the prompts to log in. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password？" link on the login page and follow the instructions to reset your password. Account Lockout: If you enter the wrong password multiple times, your account may be temporarily locked. Wait a few minutes or contact customer support for assistance. Technical Issues: Ensure your internet connection is stable and try clearing your browser cache. If problems persist, check the Morning Sky support page for updates. Overview of Features After Login After logging in, you can access various features, including trading tools, educational resources, account settings, and customer support options. Additional Sections Account Security Recommendations Use a strong, unique password for your account. Enable two-factor authentication for added security. Regularly monitor your account for any unauthorized activity. Best Practices for Account Management Keep your contact information updated. Regularly review your trading strategies and performance. Take advantage of educational resources provided by Morning Sky. How to Get Technical Support For technical support, you can contact Morning Sky via their customer support email at support@mstrade.uk. Be sure to provide detailed information about your issue to receive prompt assistance. This guide aims to provide a comprehensive overview of the registration, account opening, and login processes for Morning Sky. By following the outlined steps and recommendations, users can navigate the platform confidently and securely. Always refer to the official Morning Sky website for the most current information and updates, as processes and requirements may change over time.
Morning Sky Forex Broker - Complete Information Guide
1. Broker Overview
Morning Sky is an online trading broker that has been in operation for approximately 2 to 5 years and is registered in the United Kingdom. The company is headquartered at 64a Cumberland St, Edinburgh EH3 6 RE, UK. Morning Sky operates as a privately held entity, providing trading services to a diverse clientele that spans across over 180 countries including Europe, Asia, the Middle East, Africa, and Latin America.
The broker offers access to various financial instruments, including forex, CFDs, and spot metals. Morning Sky claims to provide a wide range of trading services, but it is crucial to note that the company operates without valid regulatory oversight, raising concerns about its legitimacy. The business model primarily focuses on retail forex trading, catering to individual traders rather than institutional clients.
Despite its relatively short history, Morning Sky has made claims about its regulatory status, stating it holds a common financial service license from the National Futures Association (NFA) under registration number 0544940. However, this license is classified as unauthorized, indicating a significant risk for potential clients.
In summary, the Morning Sky broker aims to provide a comprehensive trading experience but lacks the regulatory framework that ensures investor protection and compliance with industry standards.
2. Regulatory and Compliance Information
Morning Sky operates without proper regulation, which is a significant red flag for potential traders. The broker claims to be registered with the NFA, but this registration is unauthorized. As per the current information, there are no valid regulatory licenses associated with Morning Sky, which means that clients' funds are not protected under any regulatory framework.
Key Regulatory Details:
- Main Regulatory Authority: National Futures Association (NFA)
- Regulatory License Number: 0544940 (Unauthorized)
- Validity and Scope of License: The license does not provide any actual regulatory authority, and therefore, lacks the necessary oversight.
- Legal Entities in Different Regions: Morning Sky claims to operate in the UK; however, it is not listed with the Financial Conduct Authority (FCA), which is required for firms offering financial services in the UK.
- Client Funds Segregation Policy: There is no information available regarding the segregation of client funds, which is a critical aspect of investor protection.
- Investor Compensation Fund Participation: Morning Sky does not participate in any investor compensation schemes, further increasing the risk for clients.
- KYC and AML Compliance Measures: Detailed information regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures is not provided, raising concerns about the broker's commitment to regulatory standards.
Given these factors, it is advisable for traders to exercise extreme caution when considering the Morning Sky broker for their trading activities.
3. Trading Products and Services
Morning Sky offers a variety of trading products across different financial markets. The broker provides access to more than 50 tradeable instruments, including:
- Forex Currency Pairs: A wide range of major, minor, and exotic currency pairs.
- CFD Products: Contracts for difference on indices, commodities, and spot metals like gold and silver.
- Special Products: The broker mentions the availability of various financial instruments, but specific details about unique products or proprietary offerings are not disclosed.
The frequency of product updates and the introduction of new trading instruments are not clearly outlined, which may limit traders' ability to diversify their portfolios effectively.
Retail Trading Services:
- Morning Sky primarily focuses on retail trading, providing individual traders with access to its trading platforms and services.
Institutional Client Services:
- There is no explicit mention of services tailored for institutional clients, indicating that the broker mainly targets retail traders.
White Label Solutions and Asset Management Services:
- Information regarding white label solutions or asset management services is not available, which may limit options for more sophisticated traders or firms looking for such services.
In conclusion, while the Morning Sky broker offers a diverse range of products, the lack of regulatory oversight and transparency regarding specific offerings raises concerns for potential clients.
4. Trading Platforms and Technology
Morning Sky provides its traders with access to the widely-used MetaTrader 4 (MT4) trading platform. MT4 is known for its user-friendly interface, advanced trading features, and robust analytical tools, making it a popular choice among traders.
Key Platform Features:
- Support for MetaTrader 4: Morning Sky exclusively supports the MT4 platform, allowing traders to execute trades, analyze markets, and manage their portfolios effectively.
- Web-Based Trading Platform: There is no information available regarding the availability of a proprietary web-based trading platform.
- Mobile Applications: The broker does not explicitly mention mobile app support for iOS or Android devices, which is a crucial feature for many modern traders.
- Execution Model: The execution model employed by Morning Sky is not clearly defined, which can affect the trading experience.
- Server Location and Technical Infrastructure: The server is reportedly located in the United States, but specific details about the technical infrastructure are not provided.
- API Access and Automated Trading Support: There is no information available about API access or support for automated trading, which may limit options for algorithmic traders.
Overall, while the Morning Sky broker offers access to a reputable trading platform, the lack of additional features and clear execution policies may not meet the expectations of all traders.
5. Account Types and Trading Conditions
Morning Sky offers two main types of trading accounts:
- Standard Account:
- Minimum Deposit: $50
- Spread: Starting from 0.5 pips
- Commission: No commission on trades
- Copy Trade Account:
- This account type allows traders to copy the trades of successful traders in real-time, catering to those who prefer a more hands-off approach.
- There is no mention of advanced account types such as VIP or professional accounts, which may limit options for experienced traders.
- Information regarding special accounts (e.g., Islamic accounts or corporate accounts) is not available.
- The availability of a demo account for practice trading is not mentioned, which is an important feature for new traders.
- Morning Sky offers high leverage ratios of up to 1:500, which can amplify potential profits but also increases the risk of significant losses.
- The minimum position size is set at 0.01 lots, providing flexibility for traders with varying capital levels.
- There is no detailed information regarding overnight fees or swap rates, which can impact trading strategies.
- The broker appears to support wire transfers, though specific payment methods such as credit cards or e-wallets are not mentioned.
- The minimum deposit requirement is set at $50 for the standard account.
- Detailed information on the processing time for deposits is not provided, which is essential for traders needing quick access to funds.
- There is no clear information regarding any applicable deposit fees.
- Information about withdrawal methods and any associated restrictions is lacking, which can pose challenges for clients looking to access their funds.
- The processing time for withdrawals is not specified, which is a critical factor for traders.
- There is no information available regarding the fees associated with withdrawals.
- Email Support: Traders can contact support via the email address support@mstrade.uk.
- Service Hours and Time Zone Coverage: Specific service hours are not mentioned, making it unclear when traders can expect support.
- The availability of multilingual support is not specified, which could be a limitation for non-English speaking clients.
- The broker does not provide detailed information regarding educational resources such as webinars, tutorials, or eBooks, which are valuable for traders seeking to enhance their skills.
- There is no mention of daily analysis, news, or research reports that could aid traders in making informed decisions.
- The availability of trading tools such as calculators, economic calendars, or signal services is not specified.
- The broker operates in Europe, Asia, the Middle East, Africa, and Latin America, catering to a diverse clientele.
- The primary office is located in the United Kingdom, but additional regional offices are not mentioned.
- Specific countries or regions from which clients are not accepted are not disclosed, which could pose risks for potential clients.
- There is no information available regarding special restrictions that apply to certain regions, which is essential for compliance with local laws.
Advanced Account Types:
Special Accounts:
Demo Account Policy:
Leverage Ratios:
Minimum Trade Size:
Overnight Fees Policy:
In summary, while the Morning Sky broker provides basic account types and trading conditions, the lack of advanced options and transparency regarding fees may not cater to all traders' needs.
6. Fund Management
Morning Sky offers limited information regarding its fund management policies. However, it is crucial for potential clients to understand the deposit and withdrawal processes before engaging with the broker.
Supported Deposit Methods:
Minimum Deposit Requirements:
Deposit Processing Time:
Deposit Fees:
Withdrawal Methods and Restrictions:
Withdrawal Processing Time:
Withdrawal Fee Structure:
Overall, the Morning Sky broker lacks transparency in its fund management policies, which may lead to potential complications for clients.
7. Customer Support and Educational Resources
Morning Sky provides customer support primarily through email, which may limit the responsiveness and accessibility for traders requiring immediate assistance.
Support Channels:
Multilingual Support:
Educational Resources:
Market Analysis Services:
Trading Tools:
In conclusion, the Morning Sky broker offers limited customer support and educational resources, which may not suffice for traders looking for comprehensive assistance and learning opportunities.
8. Regional Coverage and Restrictions
Morning Sky claims to serve a global market, but there are important considerations regarding its regional coverage.
Major Service Markets:
Regional Office Distribution:
Countries/Regions Not Accepted:
Special Restrictions:
In summary, while the Morning Sky broker aims for a broad market reach, the lack of detailed information about regional restrictions and compliance may create uncertainty for potential clients.
In conclusion, potential clients should exercise caution when considering the Morning Sky broker for their trading activities. The lack of regulatory oversight, transparency regarding trading conditions, and limited customer support may pose significant risks. It is advisable to conduct thorough research and consider alternative regulated brokers that offer a more secure trading environment.
Morning Sky Similar Brokers
Latest Reviews
Rey
Philippines
Hello, unfortunately I am a victim of the FX broker name Morning sky. I met this guy called “Li Hanchen” through a dating app, I invested $10,000 and I added $5000 to my account. The thing is that he tried to get me to invest more and I completely refused to it and then he got angry and stop texting me that's when I realized I shouldn’t have done that and then tried to withdraw my investment which was around 7k with the taxes I paid, the rest of the money still in my MT4 and I will never withdraw more since I think the scammer is the broker not MT4.
Exposure
2021-09-09
实干成就梦想
Indonesia
I have traded with Morning Sky for a while, and it performs well at that time. I mainly traded currency pairs and gold on this platform. During that time, never met any big problems and their customer support staff were quite helpful, assisting me to withdraw my funds. I am quite thankful at this moment.
37130
2023-03-20
徐俊强
United Kingdom
It is a total scam. My time with Morning Sky was an extremely bad experience that I don't want to recall. You will quickly lose 100% of your money. Stay away at all costs.
Positive
2022-12-15
Morning Sky Forex Broker has an overall rating of 1.52, Regulatory Index 0.00, License Index 0.00, Business Index 7.11, Software Index 4.00 Risk Control Index 0.00.
terongbiru
Malaysia
I opened an account before they got banned from the U.S. MAKE NO MISTAKE TO OPEN UP AN ACCOUNT WITH THEM. IF I COULD GIVE THEM 0 STAR I WOULD HAVE DONE SO. Today, they open up some trades in my account, in order to blow my account and they has stolen all my profit!!!! WHICH WAS A LOT OF MONEY, YES A LOT OF MONEY. GROUP OF CRIMINAL. MY GOD WILL PUNISH THEM.
Exposure
2021-09-02