✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in MorganFinance. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about MorganFinance and tell you why we came to such a conclusion:

Basic Information

🌐 Websitemorganfinance.trade | morganfinance.io
🏠 CompanyEffervescent Group LTD
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformMetaTrader 4 and MetaTrader 5
📌 AddressFirst Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, Saint Vincent and the Grenadines

⚠️ MorganFinance is owned by Effervescent Group LTD, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Now we are going to analyze the types of accounts that MorganFinance offers, in this case, we observe that it offers 5 different types of accounts:

Account typeMinimum initial deposit
Bronze$250
Silver$1000
Gold$5000
Platinum$10000
Diamond$25000

Information on the web

Morgan Finance website

MorganFinance provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, live charts, really not much more than that.

List of phone numbers

  • +447418358180
  • +447418357950

🚫 MorganFinance Final Valuation 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH MorganFinance.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

MorganFinance News:

Date Update – news
April 2023Complaint against MorganFinance of AMF
May 2023The company is associated with 5marketsA company with a bad reputation. WE SUGGEST CAUTION.
October 2023Complaint against MorganFinance of FCA
November 2023Complaint against MorganFinance of CySEC
March 2024Complaint against MorganFinance of CNMV

User Reviews

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What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with MorganFinance.

At the end of the review you will find customer comments.


How to Claim Money Scammed by MorganFinance

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report MorganFinance

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report MorganFinance?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is MorganFinance a scam – is it scam?

Yes. We believe MorganFinance is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is MorganFinance reliable?

No. MorganFinance is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from MorganFinance?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to MorganFinance?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

67 comments on «MorganFinance: rating and reviews»

  1. Cristian Reply

    They are true pirates, even the name suits them; Morgan for the pirate...
    I was scammed in the same way as the other people who comment; Profits rose enormously and suddenly showed enormous falls... when I once compared the account's commodity prices with the real markets I saw that the rises and falls did not coincide.
    I asked for explanations and I wanted to withdraw my funds but they made the typical one when you want to make a withdrawal, a thousand excuses and you never can, plus they asked you for more funds to make a rescue. They closed my account and I didn't find out more, although apparently the address they gave in the UK may be real.
    I can't wait to send them a hitman...

    • Recommended-brokers.com Reply

      Hello Cristian, thank you for commenting on MorganFinance. It is currently considered a SCAM. The FCA (The Financial Regulator of the United Kingdom) has put an alert on them, for not having the regulation to carry out their activity (See FCA link).

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

    • Recommended-brokers.com Reply

      Hi Lola, thanks for commenting on MorganFinance. It is currently considered a SCAM. The FCA (The Financial Regulator of the United Kingdom) has put an alert on them, for not having the regulation to carry out their activity (See FCA link).

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  2. VICTOR CRISPIN MENDOZA Reply

    I was in 5MARKETS...
    I invested $1000.00 in February 2022, everything "was fine", until suddenly (5 months later), my balance was the same; I decided to make the total withdrawal of my capital and in the course of that digital management, as if by magic, almost $14.000.00 appeared, of course; They called me immediately to tell me that my investment was being managed by a broker and that, in effect, it had generated great profit. I thought it was very suspicious and from then on I decided to withdraw $10.000.00 and they immediately called me from England from the financial area, according to them. to tell you that I had to pay 4⁰ of the amount to be withdrawn for platform rights..
    Anyway, obviously I didn't agree to that payment and I told them to go to hell...
    After 3 months of frustration because I could no longer enter the platform; MORGANFINANCE contacted me telling me that they were a regulatory entity and that they had my account….
    Unpleasant surprise then, IT IS NOT POSSIBLE that a private account is being manipulated by 1 and a thousand people without me knowing it...
    Today I can see my balance; It is at $21.000.00 in MORGANFINANCE..., but the truth is that they keep communicating with me to inject more money...
    This is bullshit...
    I am aware that I have already lost my thousand dollars and what I see on that platform is PURE FANTASY.

    • Recommended-brokers.com Reply

      Hello VICTOR, they are a fraud, thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

    • ruby mendoza Reply

      They did the same to me...
      +442081577604 Angela de Lucas said her name was, the last call I had with her was on March 1 when I wanted to withdraw my funds, on the morgan platform they put a password which they gave me to enter and now I can't even open the page .

      +442080978170

  3. Jose Reply

    Is this financial or trader reliable? https ://morganfinance .trade/en

    • Recommended-brokers.com Reply

      Hello Jose, they are a fraud, thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  4. Joseph Loayza Reply

    I invested in the Morgan Finanse platform, now I have US$200, a thousand dollars in the platform to rescue and they tell me that I must pay taxes to carry out the rescue. previously they made me deposit about 15 thousand dollars for various concepts. My executive Luis Sabatiere has already cut off his cell phone, when I make a claim for the platform I have no response. Now I know it's a scam. I talked to an official and he told me that they are for money and if he wanted to collect the money he would charge 10% of the ransom amount, and even more he told me that he first had to transfer said money to his personal account.

    • Recommended-brokers.com Reply

      Hello Jose, you must first report to the police for fraud, they have no regulation, they are a fraud. Thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

    • Hugo Arellano Reply

      How about Jose Loayza, in my case it was 129k dlls, I would like to know if we can file a complaint together or how to recover the money

      • Recommended-brokers.com

        Hello Hugo, the complaint will not give you your money but if you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

        Greetings.

  5. Hugo Reply

    After so many scams, my question is:
    .- Is there no authority to stop these unfortunates?
    .-How is it possible that they continue stealing freely throughout the world?
    Despite so many robbery comments, what will happen?

    • Recommended-brokers.com Reply

      Hello Hugo, the authorities act if people report to the police, that is why we always recommend that this be done, you always have to file a complaint, the more complaints the sooner the authorities will act given the seriousness of the crimes and the affectation of thousands of people.

      Greetings.

      • HUGO

        Where can I denounce, from here in Mexico? since I don't know where to turn here

      • Recommended-brokers.com

        Hello HUGO, you must first report to the police for fraud, they have no regulation, they are a fraud. Thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

        If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

        If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

        To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

        If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

        Greetings.

      • JORGE YARASCAA

        SO WE WILL RECOVER THE MONEY WITH THE POLICE? PLEASE DO ME, STOP SELLING FALSE HOPES.

      • Recommended-brokers.com

        Hello JORGE, I think you have not interpreted correctly, you can report to the police so that an investigation can be launched, but to recover the capital you must contact our CHAT so that they can give you an appointment and see how to recover your money, there are already many clients who have managed to recover, but you must understand that if someone has scammed, robbed or robbed you, the logical thing is that you file a report with the police and then complain to other entities.

        Greetings.

    • silvia Reply

      I don't know, they have also scammed me, but how do I accuse them? Even if I told the bank, I made all the transfers first to bitso in dollars and then to cryptocurrencies on their platform.
      only that we unite but how will we do it

  6. esteban Reply

    thieves is what they are thieves they stole everything from me everything

    when you want to withdraw they disappear

    • Recommended-brokers.com Reply

      Hi Esteban, they don't have regulation, it's a fraud. Thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

    • Alma Gabriela Sanchez Reply

      Hello, in October 2022 I made the investment of 250 dollars, Gian Paolo Moroni assisted me, I remember that on YouTube how ads come out I saw one of Tesler and I registered my data and it was then that Gian called me and guided me in making the investment. I asked to see that it was safe after a while he did not answer my messages only once an executive called me then they did not call me until then a girl named Carla González called me from that same cell phone number that Gian was using the number is : +447878563523 He told me that he would take my account and he sent me my account so that I could see that from October until that day, the beginning of January, I already had about 25,000 dollars, I did not believe much, I asked him to send me his registration number before the institutions that brokers regulate, to give me a password practically, he told me that I had to pay insurance, let's say as taxes that I would have to pay about 51,000 Mexican pesos, I have questioned him a lot why I have been looking for information about them on the internet and I have seen a lot that many say that they were scammed, to date I have not wanted to pay for that insurance because I tell them that maybe if I paid that, I would end up with something else to pay and so on. like this and never give me anything. I thought that they set up that you have money in your Morgan account. What do they tell me?

      • Recommended-brokers.com

        Hello Alma, if you pay you will lose money too.

        Greetings.

    • Ruby Reply

      I also invested with them, I had the amount of $11000, at the time I wanted to make the withdrawal it was not approved and they completely disappeared, they do not answer WhatsApp messages, the calls are not linked. Morgan finance is a scam they use London numbers.

      • Recommended-brokers.com

        Hello Rubi, they are a fraud, thanks for writing about MorganFinance. Currently this broker is considered a SCAM.

        If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

        If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

        To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

        If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY, WE HELP YOU.

        Greetings.

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