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The WikiFX Score of this broker is reduced because of too many complaints!

morningfx

China|5-10 years|
Regulated in Vanuatu|Retail Forex License|MT4/5 full license|Regional Brokers|Suspicious Overrun|High potential risk|Offshore Regulatory|

http://www.morningfx.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
MorningMarkets-Demo MT5
Server Location Singapore

Contact

info@morningfx.com
http://www.morningfx.com
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Morning Markets LTD

Company Abbreviation

morningfx

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The United StatesNFA regulation (license number: 0510311) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Expose
Unable to withdraw

Morningfx: unable to withdraw, account locked

Fraud platform. Its company locates in Lianhu District, Xi'an, China, but it doesn't provide more details about address because some users might make trouble. The profits total about $5,000 but are unable to withdraw and the account is locked. They state that the order is irregular but refuse to clarify it, which indicates a paper company. The company attempts to avoid confrontations with me. Here are my account and records of transactions for real-name reporting. Be careful of this fraud platform. There are several accounts including mine. I am unable to withdraw except principle.

2021-07-14 15:48
Unable to withdraw

The profit earned by the garbage fraud platform will not be withdrawn

Followed by the post on 7.14 last year, no money was given for profit, and I tried my best to hold back customers. After posting last year. The company sent a person surnamed Liu to manage the operation of the company. He kept talking with me until now this year. During the period, some conditions were negotiated. We have already made concessions to take 60% of the profit. Just don't want to give money. There are always reasons for saying that the boss of the company is not there, and the risk control is not there. The chat records with him are only a small part of the chat from July last year to April this year. In short, this platform is a garbage platform! No profit yet! Attached are some chat records with the self-proclaimed sb, there are many more, I just post only part of it

2022-07-04 16:08
Unable to withdraw

Fraud platform that does not withdraw profit and try everything to delay the customer

Followed by the post on 7.14 last year, no profit was withdrawn, and I tried my best to hold back customers. After posting last year. The company sent a person surnamed Liu to manage the operation of the company. He kept talking with me until now this year. During the period, some conditions were negotiated. We have already made concessions to take 60% of the profit. Just don't want to give money. There are always reasons for saying that the boss of the company is not there, and the risk control is not there. The chat records with him are only a small part of the chat from July last year to April this year. In short, this platform is a garbage platform! No profit was arrived yet!

2022-04-14 00:23
Scam

Hou Kewei, a salesman of Xi'an Yingxing Investment Management Co., Ltd., delayed after liquidation and did not provide compensation

Hou Kewei, a salesman of Xi'an Yingxing Investment Management Co., Ltd., induced me to deposit 10,000 US dollars into the MT5 foreign exchange platform represented by his company, and entrusted him to operate. From August to mid-September, it took about a month, and during this period, the operation of heavy positions without stop loss continued to fail and caused my account to lose 10,000 US dollars, and I had a profit of about 10,000 US dollars during the period, because it was said that all the profits in a month were owned by him and transferred to him. At the beginning, it was agreed that it was a principal and interest guarantee agreement. No matter how much the loss was, he would make up for it and guarantee the monthly income. But since the liquidation started in September last year to January this year, it has been perfunctory and delayed, and it is impossible to make up for it, and the promised monthly income of 500 US dollars has not been realized. Choose carefully

2022-01-26 13:35

    morningfx · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    MorningFX is the operating brand of Morning Markets Ltd, which is a global financial solutions provider established to provide secure, stable, and convenient online financial services to retail and institutional clients worldwide. Morning Markets Ltd currently holds a retail foreign exchange license from the Vanuatu Financial Services Commission (VFSC) and a general financial license from the National Futures Association (NFA).

    Market Instruments

    With MorningFX, investors can trade over 1000 financial instruments, including forex pairs, precious metals, energies, commodity futures, bitcoin, and stock indices products on the MorningFX platform.

    MorningFX Minimum Deposit

    MorningFX offers three different types of accounts for traders: Mini Accounts, Standard Accounts, and ECN Accounts. The minimum deposit to open a Basic account, the Mini account, requires $100, which sounds reasonable for most regular traders to get started.

    MorningFX Leverage

    Trading leverage varies depending on various account types. MorningFX applies the flexible trading leverage. Traders opening a basic account can use the leverage up to 1:200, while the Standard and the ECN account can use the leverage of up to 1:400.

    Trading Platform

    MorningFX provides traders with the world's leading MT5 trading platform, a powerful platform that offers flexibility in order placement, as well as news, market intelligence, chart analysis, indicator programming, alerts, email newsletters, and more. The MT5 system allows traders to operate the world's most popular derivatives with just a computer or smartphone with internet access. morningfx uses the world's top banks and financial institutions to form an operational quote feed, which connects the market directly to the international markets, ensuring efficient, transparent, and accurate operations. morningfx offers not only the web and PC versions of the MT5 system but also the MT5 mobile operating platform, which supports iOS and Android mobile systems.

    Deposit & Withdrawals

    Payment methods part is not fully disclosed unless traders log into their Morning FX accounts, which seems weird. Many other borkers would clearly display funding options supported on their official website.

    Customer Support

    MorningFX only provides their customer services through email. There is no telephone number displayed on the Morning FX website. Most strictly regulated brokers would provides customer support services through email, telephone, and live chat for its clients to use.

    User Reviews

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    Comments

    Write a review

    FX1050831316
    more than one year
    I really hope more people can see my review and stay away from this scammer. I have been scammed almost 4 thousand dollars! Not a lot of money, but enough to teach me a lesson.
    2022-11-27 14:30
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    0
    0
    FX1043781424
    more than one year
    Morningfx doesn’t have any valid regulations. Their so-called legitimate VFSC license is offshore regulatory and NFA license is a suspicious clone. Don’t be cheated by them! They aren’t trustworthy!
    2022-11-24 18:25
    Reply
    0
    0
    FX1030910760
    more than one year
    Holy shit! This platform simply considers investors as fools! Terrible customer support, inaccessible official website, terrible trading conditions, complaints about it everywhere. I’d rather to die than trade with this broker hahaha…
    2022-11-24 14:41
    Reply
    0
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    11
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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