MorganFinance Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-17 18:37

Abstract：MorganFinance is a broker. The tradable instruments with a maximum leverage of 1:300 include forex, commodities, stocks, and indices. The broker also provides five accounts, including bronze, silver, gold, platinum, and diamond. The minimum deposit is $250. MorganFinance is still risky due to its unregulated status.

MorganFinance Review Summary
Founded	2-5 years
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Commodities/Stocks/Indices
Demo Account	/
Leverage	Up to 1:300
Spread	Floating
Trading Platform	MT4/MT5
Min Deposit	$250
Customer Support	Phone number: +44 7418358180
Customer Support	Email: compliance@morganfinance.trade

MorganFinance Information

　　MorganFinance is a broker. The tradable instruments with a maximum leverage of 1:300 include forex, commodities, stocks, and indices. The broker also provides five accounts, including bronze, silver, gold, platinum, and diamond. The minimum deposit is $250. MorganFinance is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
Leverage up to 1:300	Unregulated
Various tradable instruments	Demo account unavailable
MT4/MT5 available	Inaccessible official website
	No specific transfer time and fee information

Is MorganFinance Legit?

　　MorganFinance is not regulated, making it less safe than regulated brokers.

What Can I Trade on MorganFinance?

　　MorganFinance offers various market instruments, including forex, commodities, stocks, and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Indices	✔
Cryptocurrencies	❌
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　MorganFinance has five account types: bronze, silver, gold, platinum, and diamond. Traders who want low leverage can choose a bronze account, while those with a sufficient budget can open a diamond account.

Account Type	Bronze	Silver	Gold	Platinum	Diamond
Minimum Deposit	$250	$1000	$5000	$10000	$25000
Leverage	1:30	1:70	1:100	1:200	1:300
Spread	floating	floating	floating	floating	floating
Min. Lot	0.01	0.01	0.01	0.01	0.01
Stop out	25%	40%	60%	80%	100%

Leverage

　　The maximum leverage is 1:300 meaning that profits and losses are magnified 300 times.

Trading Platform

　　MorganFinance cooperates with the authoritative MT4 and MT5 trading platform. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading Platform	Supported	Suitable for
MT4	✔	Junior traders
MT5	✔	Experienced traders

Deposit and Withdrawal

　　The minimum deposit is $250. MorganFinance accepts Maestro, MasterCard, Bank Transfer, Wire Transfer, Visa, and Credit Card for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.