✔️ Information reviewed and updated in April 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
| 🌐 Website | morganfinance.trade | morganfinance.io |
| 🏠 Company | Effervescent Group LTD |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Leading | MetaTrader 4 and MetaTrader 5 |
| 📌 Direction | First 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 type | Minimum initial deposit |
| Bronze | $250 |
| Silver | $1000 |
| Gold | $5000 |
| Platinum | $10000 |
| Diamond | $25000 |
Information on the web
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 2023 | Complaint against MorganFinance of AMF |
| May 2023 | The company is associated with 5marketsA company with a bad reputation. WE SUGGEST CAUTION. |
| October 2023 | Complaint against MorganFinance of FCA |
| November 2023 | Complaint against MorganFinance of CySEC |
User Reviews
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.
I entered morganfinance.trade, deposited 250 dollars and 3 months later, 5,089 dollars were made and they told me to borrow to deposit and earn more, when I wanted to withdraw my money, no one answered me anymore, the platform says that in 24 hours they authorize it, but 3 weeks have passed and nothing, now that if I want to withdraw I have to deposit 660 dollars to the blokchaine, and they gave me an address of a Binance wallet, a certain Bianca Alvarez spoke to me at 447309870323, and as I told her I had no to make a deposit, he got annoyed and told me “well, it's your money, you know if you want it, then they will refund the $660 and he hung up on me. And the one who no longer answered my messages when he wanted to withdraw is number 447947769443
Hi Norma, 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.
I made an investment in Morgan Finance which after a while, they made a cut, because it had generated a profit, but for some reason I lost contact with the managers, after a while I managed to make contact, a lady attended me, which He found the money, and it was sent to Lloyds Bank to be evaluated, then they can make the deposit to my account. now again I have lost contact with the manager who was looking at the case. and I don't have the way to make contact with this company or with the managers again.
Is there any way to know if all this is real or just a lie?
Hello Betsy, it's all false, the end of the story will be that the money is there but you must pay to get it back and you will pay and you will not know anything else about them and your money will disappear.
Greetings.
Hello, could you tell me something about Morgan Finance?
Hi Jorge, 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.
MyChargeBack: I receive the first contact from a certain Talía Gomes, who opens my account at MorganFinanceTravel.com. To do this, she deposits 300 u$s from her pocket, then withdraws 150 and disappears. Days later, a Mr. Paolo Moroni calls me who claims to be the Designated adviser and through Rapipago I make my deposit of u$s 250. It also disappears. Days later a certain Samuel (supposed Advisor) calls me and by Bank Transfer. I deposit in $AR about 500 to 800 dollars; Mr. also disappears. Some time later, a woman named Verónica Boxly calls to tell me that I have 2.8 bitcoins (at that time about US$ 58.700) advising me to take them out because bitcoin' is going down. I give him the Ok, but he does nothing and disappears, but not before telling me that I will receive a letter from the Bank of London, to justify that income. Later, a man named Ian Castro calls me, telling me that I now have US$37.213 and that I will receive the famous letter. The letter from London arrived but when I went to my Bank, BBVA, they told me that the data on my account does not correspond to the number that appears there, therefore the amount returns to the Bank of London- Useless to talk to Ian Castro that disappeared Today I have nothing at all. If you provide me with an email, I will send you a copy as proof of fraud. Thanks for your time, but I know I didn't get anything back
Hello Hector, Mychargeback is not related to these brokers that you are commenting on, mychargeback recovers a lot of money from people who have been scammed by these scammers like morgan finance, the money can be recovered, do not believe anything else they tell you.
Greetings.
Hello, can that money that is scammed be recovered?
I find it difficult, but if possible, please let me know, I will appreciate it, thank you
Hello Victor Hugo, the money of course that can be recovered. They are lying, everything is false, blockchain never calls anyone to ask for money or taxes, it is part of the scam. They have no regulation, it is 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.
Hello good day, I withdrew my money from Morgan Finance, the advisor helped me, he said that the capital is transferred to Binance, now they call me from Blockchain to tell me that my money is withheld because I have to pay a record for transferring a high dollar amount ( 128,490), can you tell me if this is normal or a scam?
Hello Victor Hugo, they are lying to you, everything is false, blockchain never calls anyone to ask for money or taxes, it is part of the scam. They have no regulation, it is 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.
Morgan Finance, it's a scam, the officials are Uruguayans, they say their name is Luis Sabatiere, cell 44 7405 452484, Ricardo Pereyra Morgan, cell 44 7947 769443, and the other criminal, José Luis Fernández, who poses as a Blockchain official, cell 44 7375 796540, said he was from Mexican origin and now works in Spain. but seeing that all cell phone prefixes start with 44, which is from the United Kingdom, he stated that he had been assigned that cell phone since he started working. They make false letters that have profits of up to US$100, a thousand dollars, then they ask you for an operating license that they had never mentioned before, the cost of the license is 30 dollars. After so much negotiating, Morgan Finance says to assume 25 dollars and you have to place 5 dollars. Once you deposit, they make some operations on Binance to buy bitcoin. and they never call you again and block your cell phone. Before that they make you deposit at least 15 dollars.
BE VERY CAREFUL WITH THIS COMPANY AND OFFICIALS, WHO ARE SCAMING THOUSANDS OF PEOPLE, I DON'T KNOW WHAT THE UNITED KINGDOM AUTHORITIES DO TO PUT YOU IN PRISONERS AND ROT IN JAIL AND DON'T DO ANY MORE EVIL,
Hello Jose, everything is fake, they pretend to be a company with a similar name that is registered with the FCA of the United Kingdom but they are not the same. It has no regulation, it is 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.
Hello, currently I was about to invest 25.000 dollars! I even asked for a loan that I will prepay tomorrow!
I tell you what reaction my advisor has.
I leave you the fact that they told me that they do have regulation and they send me this:
https://register.fca.org.uk/s/firm?id=001b000003RCePjAAL
I was investigating and the information does not match, the location of that company is different from the one indicated on the page.
I am also requesting the immediate withdrawal but it appears that it is evaluated with 24 hours, so tomorrow I will know if I will be able to recover my 250 dollars + earnings or not.
Thanks for the help, I'll post it on other forums.
Hi Alexis, They are posing as a similarly named company that is registered with the UK FCA but they are not the same. It has no regulation, it is 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.
enter the morganfinance trade, place the capital and at the moment I never saw such money, I have many profits, when I decide to redeem something I invented such a menpool, I would have to do more than 6 operations and deposit the value requested by me more than the operations They would be released and this never happened. depois no sei que houveram requests for withdrawal of high value and they will resolve somar all and now pedem novamente as 6 operations to release all value da conta more tambem as 6 operations.
Hello Jose Carlos, It has no regulation, it is 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.
I want to know if morganfinance trade are regulated and invest money with them
Hello Gerardo, It has no regulation, it is 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.