Score

2.00 /10
Danger

Morfin FX

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index6.48

Risk Management Index0.00

Software Index7.73

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Broker Information

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Company Name

Morfin FX LLC

Company Abbreviation

Morfin FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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WhatsApp

  • +971 5862 59739

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-06-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Morfin FX · Company summary
Morfin FX Review Summary
Founded2021
Registered CountrySaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Commodities, Cryptos, CFDs, Indices, Stocks
Demo Account/
Leverage/
Spread/
Trading PlatformMetaTrader 5
Minimum Deposit/
Customer SupportPhone: +971 4 338 6699
WhatsApp: +971 5862 59739
Email: support@morfinfx.com

Morfin FX Information

Morfin FX is an unregulated forex and CFD broker that was founded in 2021 and is based in Saint Vincent and the Grenadines. It lets you trade in a lot of different markets, like forex, commodities, indices, stocks, and cryptocurrencies, as well as MetaTrader. It promotes trading without commissions, but the lack of governmental control makes others wonder about how safe it is for investors.

Morfin FX's homepage

Pros and Cons

ProsCons
Wide selection of trading instrumentsNo regulation
Zero-commission trading modelNo clear demo or Islamic (swap-free) account options
MT5 platformLimited information on detailed fees and account features

Is Morfin FX Legit?

Morfin FX is an unregulated broker. Despite claiming to be registered in Saint Vincent and the Grenadines, this jurisdiction lacks a recognized financial authority to supervise or regulate forex or CFD brokers.

According to Whois, the domain morfinfx.com was registered on February 17, 2021, last updated on January 24, 2023, and will expire on February 17, 2028. The domain is now in the “client delete prohibited,” “client renew prohibited,” “client transfer prohibited,” and “client update prohibited” condition.

Domain information

What Can I Trade on Morfin FX?

Morfin FX offers a lot of different tradable products, which gives traders access to important marketplaces across the world. The exact number of things is unknown, but they include forex pairs, commodities, cryptocurrencies, CFDs, indices, and stocks. MetaTrader platforms give you access to a wide range of markets.

Tradable InstrumentsSupported
Forex
CFDs
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs

Account Type

Morfin FX provides a Multi-Account Manager (MAM) account for investors who want their portfolios professionally handled. This account type enables skilled managers to manage numerous client accounts at the same time, maximizing profits while minimizing risks through strategic research and specialized investing tactics. Currently, the website makes no mention of the availability of ordinary demo accounts or Islamic (swap-free) accounts.

MAM account

Morfin FX Fees

Morfin FX's fees are often lower than industry standards because it provides zero-commission trading; nevertheless, traders should still consider spreads and potential swap fees when comparing overall expenses.

No commission

Trading Platform

PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5Windows, macOS, iOS, AndroidExperienced traders
MetaTrader 4Beginners

News

ExposureALERT! Morfin FX - The Scammer is Operating without a License

Morfin FX indeed has a nice trading software by which you can trade. But is it a safe bet? Does it carry any license? Can you withdraw money from it? Read our review of this forex broker.

WikiFX
2025-06-16 20:26
ALERT! Morfin FX - The Scammer is Operating without a License

ExposurePAY ATTENTION!! WARNING ALERT — MAY 29, 2025- CHECKOUT THE LIST

If you're a user of the WikiFX app, you know we publish WikiFX Warning List every day to keep our users informed and protected. Today, once again, here’s the list you need to pay attention to. Stay alert, stay safe.

WikiFX
2025-05-29 16:18
PAY ATTENTION!! WARNING ALERT — MAY 29, 2025- CHECKOUT THE LIST

User Reviews

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User comment

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Comments

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Arayalil
more than one year
I don't think the above comments are legit. The reviews doesn't even have a proper name. If you have an issue with the broker, anybody would put their name so that the broker will see and resolve the problem if it is legit. I have been using Morphinfx since some years and I have never had an issue. I have referred my friends too.
I don't think the above comments are legit. The reviews doesn't even have a proper name. If you have an issue with the broker, anybody would put their name so that the broker will see and resolve the problem if it is legit. I have been using Morphinfx since some years and I have never had an issue. I have referred my friends too.
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2023-12-12 16:37
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wan
more than one year
MorfinFX does not allow me to withdraw my profits! How disgusting! They said my account has some problems and need maintenance. Holly ****, they just want to eat my earnings.
MorfinFX does not allow me to withdraw my profits! How disgusting! They said my account has some problems and need maintenance. Holly ****, they just want to eat my earnings.
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2023-02-24 15:34
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