Score
Australia
|
5-10 years
| https://www.morgans.com.au
Website
Rating Index
Influence
B
Influence index NO.1
Australia 6.47
LicensesLicensed Entity：Morgans Financial Limited
License No. 000235410
Australia
WikiResearch morgans.com.au Australia
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BASIC INFORMATION
Morgans Financial Limited are a global online financial trading platform and multi asset broker founded in 2008. Over 13 years later Morgans Financial Limited has grown to offering retail investors Forex trading, Social trading, and Share Dealing trading. Morgans Financial Limited are a global broker. Morgans Financial Limited have a head office in Australia. When trading in the financial markets it can be very time consuming to find a broker that meets your needs.
Morgans Financial Limited is a multi asset platform with 170+ tradable Assets. Assets available on Morgans Financial Limited include Forex trading, Social trading, Share Dealing. Morgans Financial Limited trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Social trading, Share Dealing are considered financial assets.
REGULATORY INFORMATION:
MetaTrader4 supported
At Moneotrade you have a choice between a downloadable PC version of the famous MetaTrader4 platform and a web based version. MetaTrader4 is well known to traders. It features numerous market indicators, an excellent set of advanced charting tools, as well as in- build trading robots, which will readily help you run algorithmic trading sessions. Moneotrade is owned and operated by AMFF Ltd, which is based in Cyprus and currently is still licensed by CySEC – the Cyprus Securities and Exchange Commission.
Morgans Financial Limited is not regulated. This means Morgans Financial Limited are not supervised by any regulatory bodies. Any payments funded to Morgans Financial Limited accounts by traders are held in a segregated bank account. For added security Morgans Financial Limited uses tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
ACCOUNT TYPE:
Demo account
Micro account
Standard account
TRADING PLATFORM AND TRADING SOFTWARE
Morgans Financial Limited does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms. Morgans Financial Limited offer their own custom trading platform developed and tested in house.
The Morgans Financial Limited trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Morgans Financial Limited platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.
With Morgans Financial Limited you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Morgans Financial Limited platform including news and quotes. Discover possible trades with the strong charting tools found with Morgans Financial Limited. Morgans Financial Limited is available as downloadable applications or online through the cloud. Monitor your orders with Morgans Financial Limited and receive breaking news in your positions..
DEPOSIT AND WITHDRAWAL
You will need a deposit of 100$ to begin trading with Morgans Financial Limited but a demo account option is available to help you familiarise yourself with the platform.
PAYMENT
Neteller and Skrill are accepted as payment methods along with credit and debit cards like VISA and MasterCard, and bank wire at Moneotrade you can pay with some popular e-wallets like Neteller and Skrill. Morgans Financial Limited allows you to withdraw your funds to Credit cards, Skrill, Neteller. However, the broker does not accept crypto payments, PayPal, Bank Account and Payoneer.
Morgans Financial Limited does charge commission on CFD instruments.
TRADING TIME
The trading platform is open and usable 24/7, however different markets will open and close at different times, so there can sometimes be a knock-on effect when trading certain instruments over the weekend, for example.
It is the era of clones. Anyone may pretend to be anything and deceive others rapidly. Even the most genuine firms become prey to it. Recently, FCA exposed a clone firm attempting to impersonate well known Morgan Financial Ltd.
Morgans Financial Limited requires a minimum deposit of $100 to start trading. This is relatively low compared to other brokers, making it more accessible for retail traders who want to explore the platform without committing a large amount of capital. However, I recommend first using the demo account to familiarize yourself with the broker’s platform and trading tools. Once you're comfortable, you can start with the minimum deposit. This allows you to assess the platform's features and trading environment without risking too much upfront.
Morgans Financial Limited allows withdrawals via credit cards, Skrill, and Neteller. These are common methods and should be convenient for most traders. However, the broker does not accept crypto withdrawals, PayPal, or bank account transfers, which could limit options for traders who prefer these methods. I personally find the absence of crypto payment options to be a drawback, as more traders are seeking brokers who can accommodate cryptocurrency transactions.
The spread information is not provided by Morgans Financial Limited in the available data. However, the broker does charge commissions on CFD instruments, which suggests that they may have variable spreads. As a trader, I would prefer clear information about the spreads for various assets, as they can significantly affect overall trading costs. Without this detail, I would be cautious about jumping into trades without knowing the full range of potential costs.
Morgans Financial Limited is considered safe in some respects due to its regulation by ASIC. However, its "exceeded" regulatory status suggests that it may no longer fully meet the latest compliance requirements. While the broker does use Tier-1 banks to store client funds in segregated accounts, the lack of up-to-date regulatory compliance raises concerns about its long-term safety. For me, a regulated environment is a key factor in choosing a broker. I would proceed with caution, given the broker’s regulatory status and its potential gaps in compliance.
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