Morgan Newfield Review
Reason to avoid: No License
Listed Date: November 21, 2018
Top 3 Regulated Forex Brokers
Beware Morgan Newfield is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
- Registration Address/ License:
Taiwan. Belgium. No License, No Regulation.
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 offer their financial investment services without its preliminary and mandatory authorization from the respected authorities. Since Forex and Online Trading Market itself is a decentralized area, the reputable jurisdictions around the world established regulatory bodies that will oversee the market offering, with a purpose to protect clients and their funds. Therefore, as the current company authorized by none, the Belgium regulator FSMA issued 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.”
“The AFM warns consumers not to accept offers from Morgan Newfield. This company is probably a boiler room.”
In conclusion about Morgan Newfield, the traders should take it seriously while choosing a trading entity and carefully select only those companies that conduct business in accordance with international protective rules. The offering among market is splendid and widely presented, while we would recommend choosing among FCA regulated brokers or other European regulated companies.