Morgan Newfield Review

Is Morgan Newfield Scam or Legit Broker?

It is not safe to trade with Morgan Newfield. The broker does not provide any information about its regulation. However, being located in Belgium, brokerage firms should be licensed by the local financial authorities. 

• Being unregulated is an immediate red flag, as brokers that do not hold any license are not overseen by any legal entity, which means they can operate their business however they wish. 

What is Morgan Newfield?

Morgan Newfield is a full-service commodity brokerage and wealth investment management company. The company claims to provide high-quality investment services to individuals and institutions that demand more from their broker. The broker mentions their address in Taiwan, as well as additional offices in the major financial center that might allegedly include a Belgium office too.

• However, it was revealed that the broker delivers and offers their financial investment services without preliminary and mandatory authorization from the respected authorities. Since Forex and Online Trading Market itself is a decentralized area, reputable jurisdictions around the world established regulatory bodies that will oversee the market offering, with the purpose to protect clients and their funds.
• Therefore, as the current company is authorized by none, the Belgium regulator FSMA issued a warning against Morgan Newfield, as detected the company activity in Belgium, thus included the firm to their alert list. Moreover, the information about broker’s illegal nature and caution on dealing with them spread further and the EU regulation bodies followed Morgan Newfield blacklisting.

“The Financial Services and Markets Authority (FSMA) warns the public against the activities of Morgan Newfield, a company that offers investment services.”

FSMA, Belgium. July 2018.

“The AFM warns consumers not to accept offers from Morgan Newfield. This company is probably a boiler room.”

AFM, Netherlands. April 2018.

Morgan Newfield Review Conclusion

Well-respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated by the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

Morgan Newfield Update

Our research revealed that the Morgan Newfield website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.