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Saint Vincent and the Grenadines
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
Influence
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Score
Regulatory Index0.00
Business Index6.48
Risk Management Index0.00
Software Index7.73
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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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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YouTube
+971 5862 59739
Company summary
Pyramid scheme complaint
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Morfin FX Review Summary | |
Founded | 2021 |
Registered Country | Saint Vincent and the Grenadines |
Regulation | No regulation |
Market Instruments | Forex, Commodities, Cryptos, CFDs, Indices, Stocks |
Demo Account | / |
Leverage | / |
Spread | / |
Trading Platform | MetaTrader 5 |
Minimum Deposit | / |
Customer Support | Phone: +971 4 338 6699 |
WhatsApp: +971 5862 59739 | |
Email: support@morfinfx.com |
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.
Pros | Cons |
Wide selection of trading instruments | No regulation |
Zero-commission trading model | No clear demo or Islamic (swap-free) account options |
MT5 platform | Limited information on detailed fees and account features |
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.
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 Instruments | Supported |
Forex | ✓ |
CFDs | ✓ |
Commodities | ✓ |
Indices | ✓ |
Stocks | ✓ |
Cryptos | ✓ |
Bonds | ✗ |
Options | ✗ |
ETFs | ✗ |
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.
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.
Platform | Supported | Available Devices | Suitable for |
MetaTrader 5 | ✓ | Windows, macOS, iOS, Android | Experienced traders |
MetaTrader 4 | ✗ | — | Beginners |
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.
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.
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