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MorganFinance

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Operating status: SCAM

Website: https://morganfinance.trade/; https://morganfinance.io/

Broker violations and abnormal records
  • 2023-01-08 The UK FCA Warns that MorganFinance is a Clone Firm

    On 9 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that MorganFinance was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/morganfinance-clone-fca-authorised-firm

    On 9 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that MorganFinance was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/morganfinance-clone-fca-authorised-firm
  • 2023-01-10 BrokersView has Reviewed that MorganFinance is an Unregulated Forex Broker

    MorganFinance claims to be owned and operated by Effervescent Group LTD, a company registered with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 26402 BC 2021. We indeed found a match result to Effervescent Group LTD in SVG FSA, but please be informed that SVG FSA is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. 

    More important, FCA issued a warning that MorganFinance was a clone firm, which falsely used the details of firms the UK FCA aauthorizedto to try to convince people that it works for a genuine, authorized firm. The Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) also issued a warning against this broker for not being authorised to provide the investment services.

    The truth is, MorganFinance is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

    MorganFinance claims to be owned and operated by Effervescent Group LTD, a company registered with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 26402 BC 2021. We indeed found a match result to Effervescent Group LTD in SVG FSA, but please be informed that SVG FSA is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. More important, FCA issued a warning that MorganFinance was a clone firm, which falsely used the details of firms the UK FCA aauthorizedto to try to convince people that it works for a genuine, authorized firm. The Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) also issued a warning against this broker for not being authorised to provide the investment services.The truth is, MorganFinance is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.
  • 2023-03-26 The Spanish regulator CNMV added MorganFinance to warning list

    The Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) issued a warning against MorganFinance on Mar 27, 2023, saying it is not authorised to provide the investment services: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    The Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) issued a warning against MorganFinance on Mar 27, 2023, saying it is not authorised to provide the investment services: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-04-23 The French regulator AMF added MorganFinance to warning list

    On April 24, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added MorganFinance to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On April 24, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added MorganFinance to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

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