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Does MORGAN INVEST offer negative balance protection?
Fathiya Uzma Farrokhi
Great Falls
2023-10-12
ANSWER MORGAN INVEST doesn't provide protections for clients as their goal is to steal money. It is an unlicensed platform red-flagged by the Spanish financial watchdog.MORGAN INVEST says that it has been offering investment services for three to five years, but its website ("morgan-invest.com") was only created in April 2023. This discrepancy is a sign of scam.MORGAN INVEST purports to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA), but there is no evidence that it has any license from these regulators.Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has warned that MORGAN INVEST is operating without authorization and providing investment services illegally. You can refer to the warning list for more details about its fraudulent activities.In short, MORGAN INVEST has no regulation from any authority. Investing with this broker is very dangerous, as there are no legal guarantees to protect the money. To mitigate such significant risks, we strongly suggest investors steer clear of unlicensed brokers like MORGAN INVEST and instead choose a fully regulated one.
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