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Morgan PRE
Suspected Fraud
Suspected Fraud

Morgan PRE

🇨🇳
  • Forex
  • Brokerage
Within 1 year
Website

Current Rating

0.97

Industry Tier

E

Profile

Morgan PRE is a forex broker registered in 2024, specializing in providing investors with financial derivative trading services in foreign exchange, commodities, stock indices, precious metals, energy, and more. Morgan PRE offers various trading accounts with excessively high leverage, with the maximum leverage being 1:1000. This broker does not support the MT4 or MT5 trading platforms.

Company Background:

Morgan PRE Limited is a newly established brokerage, its corporate entity being Morgan PRE Limited. The official website is operated by Morgan PRE Limited, with its registered office address located in New York City, USA, specifically at 1585 Broadway New York, 10036 United States, with the postal code 10036.

The official domain name of the broker was registered on March 23, 2024, making it a very new establishment, existing for only a month to date.

Morgan PRE's domain registration time

Regulatory Information:

Morgan PRE Limited claims to be regulated by the Canadian Investment Industry Regulatory Organization (IIROC), however, no regulatory record of it on IIROC has been found upon verification. The company also claims to be registered with and regulated by the U.S. National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN), without providing any regulatory license numbers. Nonetheless, actual inquiries reveal no registered entity named Morgan PRE Limited with either NFA or FinCEN. Thus, in reality, Morgan PRE Limited is not regulated by any regulatory body. This false advertisement of regulatory information might expose investors to risks, urging them to be vigilant against such brokers to avoid being defrauded.

Trading Products:

Morgan PRE provides a variety of financial derivative trading services covering areas such as foreign exchange, commodities, stock indices, precious metals, and energy. The broker offers Micro and Standard account types, catering to beginners and experienced traders with flexible trading conditions, while offering leverage up to 1000:1. Morgan PRE offers more than 50 low-spread currency pairs and CFDs commodities trading, including precious metals, energy, and securities indices, with no order rejections and re-quotes. However, it should be noted that forex margin trading carries a huge risk, and investors should trade cautiously.

Morgan PRE's trading products

Trading Software:

Morgan PRE provides its proprietary trading software ST5, suitable for PC, Mac, and various mobile devices. Investors can download the ST5 software for PC, or directly download the ST5 app on mobile phones and tablets. Moreover, investors can also choose to use Morgan PRE WebTrader, to log in directly through a browser for trading. This trading software supports Apple and Android mobile devices. It should be noted that forex margin trading carries a huge risk.

Investors can trade a variety of financial instruments on the Morgan PRE ST5 platform, covering areas such as foreign exchange, stock indices, commodities, stocks, precious metals, and energy.

Morgan PRE's trading software

Account Types:

Morgan PRE offers various types of trading accounts, including the Micro Account, Standard Account, Morgan PRE Ultra Low Account, and Shares Account.

  1. Micro Account: This account type offers leverage up to 1:1000, with a minimum deposit of 5 USD. It is suitable for new traders who want to start investing with small amounts and gradually get accustomed to trading.
  2. Standard Account: The Standard Account also offers leverage up to 1:1000, with a minimum deposit also of 5 USD. This account type is suitable for investors with some trading experience who wish to enjoy standard trading conditions.
  3. Morgan PRE Ultra Low Account: This account type also offers leverage up to 1:1000, with a minimum deposit of 5 USD. The Ultra Low Account may offer lower spreads and more competitive trading conditions, suitable for traders seeking low-cost trading.
  4. Shares Account: This account type does not offer leverage but requires the payment of commissions, and the minimum deposit is 10,000 USD. It is suitable for investors focused on stock trading and willing to pay commissions.
Morgan PRE's account types

Leverage Ratios:

Both the Micro and Standard accounts offer leverage up to 1:1000, with a minimum deposit of 5 USD, respectively suitable for beginners and experienced traders. Meanwhile, the Morgan PRE Ultra Low Account may have lower spreads and more favorable trading conditions. In contrast, the Shares Account does not provide leverage, requires the payment of commission, and has a minimum deposit of 10,000 USD, suitable for investors focused on stock trading.

The leverage ratio offered by the broker is excessively high, surpassing the normal range for brokers, potentially bringing great trading risks to investors.

Conclusion:

Morgan PRE is a scam brokerage engaging in false advertising, not regulated by any regulatory authority. The establishment of Morgan PRE is very recent, mainly providing services through its proprietary trading software instead of the popular MT4 or MT5 platforms. The broker’s maximum leverage reaches 1:1000, exceeding the normal range for brokers, posing great risks. Investors are advised to choose legally compliant brokers to avoid risking their financial safety.

Currently, Morgan PRE is marked as "Suspected Fraud" on TraderKnows.

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FAQ About Morgan PRE

01

What is Morgan PRE's official website?

A: Morgan PRE's official website is https://www.preforex.net/en.html

02

Is Morgan PRE a legitimate company, or is it a scam?

A: Morgan PRE is currently marked as Suspected Fraud on TraderKnows.

03

What is Morgan PRE?

A: Morgan PRE is a Forex, Brokerage company.

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