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Can I cancel the deposit?
Gan Kolen
Guyana
2023-05-22
ANSWER Morgen Charles Company is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Morgen Charles Company claims to be operated by FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED PARTNERSHIP registered in the UK. Although we did find its incorporation data in the Companies House (CH) registry, we found no records in the Financial Conduct Authority (FCA) register supporting its legitimacy in the financial market. Therefore, this UK-based broker operates in the absence of appropriate authorization. In addition, the Ontario Securities Commission (OSC) issued a warning against Morgen Charles Company, stating that this broker is not registered in Ontario to engage in the business of trading in securities.Regarding your question, we strongly suggest you avoid dealing with Morgen Charles Company. This is an unlicensed broker coming with huge risks such as loss of funds and identity theft. Once your money is in the platform, there are no legal protections in place to safeguard it. As such, investors are encouraged to stay away from unlicensed brokers like Morgen Charles Company and to choose fully regulated ones instead.
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