Morgen Charles presents itself as a high-tech broker dedicated to traders’ success. It claims to have spent many years developing an exceptionally transparent collaboration model and is ready to serve clients in all their financial endeavors. While the pitch sounds appealing, the critical question remains: what guarantees do we have that this is not a scam? Let’s delve into this in our review.
Table of Contents
Highlights
| 🏛️ Country | UK |
| ⚠️ Regulation | — |
| 🖥️ Website | https://www.morgencharles.business/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | — |
| ⚖️ Minimum and Maximum Leverage | — |
| ⚙️ Trading Platform | WebTrader |
| support@morgencharles.com | |
| 📞 Phone | +44 203 8343337 |
First Impression of Morgencharles.business
Morgen Charles claims to be an award-winning broker, but we couldn’t find any mention of awards on their official website. In fact, information about the company is scarce. Besides, the website has a somewhat “technological” appearance, with scattered images of computers and charts. Additionally, there is limited legal information available. The FAQ section is quite sparse, lacking answers to essential questions that would interest traders. Overall, the site gives the impression of a cheap project.
Partnership and Bonuses
The Morgen Charles platform does not feature a partner program, and there is no explicit mention of bonuses on their website. However, in the trading conditions, it is indicated that traders have the potential to receive bonuses. It’s worth noting that these bonuses are not withdrawable immediately and require mandatory trading activity to be fulfilled. The specific conditions for fulfilling these requirements depend on the size of the bonus. For more detailed information, it is recommended to clarify these aspects directly with the project managers.
Account Opening on Morgencharles.business
Morgen Charles has opted for a conventional registration process. Users are required to fill out a simple form with personal details such as their name and contact information, including a phone number and email address. However, the necessity of these details remains unclear, as the broker does not send any verification codes to them. Once a password is created, access to the personal account is granted immediately. The absence of contact verification raises concerns about the security and authenticity of user accounts.
Combining the Client portal with the trading terminal is not an optimal approach, as it tends to create a less user-friendly experience. The integration of these two components may lead to a cluttered and confusing interface.
Turning to the Morgen Charles Client Portal, it appears rather simplistic and lacks sophistication. The design is unremarkable, and the menu options are limited. The overall layout may require users to spend more time than necessary searching for relevant and useful features.
Verification
Morgen Charles requires clients to undergo a verification process, conveniently facilitated through the client portal. Clients need to upload relevant identification documents, which typically include a government-issued ID (passport, driver’s license) and proof of address (utility bill, bank statement).
Unfortunately, the platform lacks transparency regarding the exact duration of the verification process. Clients may face uncertainty about the timeframe required for document review and approval.
Once the documents are submitted, traders await confirmation of the successful verification process.
- The document uploading process is straightforward.
- Lack of clarity on the duration of document verification.
Trading Software
Morgen Charles offers a web terminal as its primary trading platform, with no additional downloadable applications available for mobile or desktop. Surprisingly, the broker has not developed a demo account feature for users to practice trading risk-free. The charts provided for client use are sourced from TradingView.
The platform provides essential trading functions, including order placement, position monitoring, and account management.
- The interface is user-friendly, allowing for straightforward navigation and efficient trade execution.
- TradingView powers the charting tools, offering a diverse range of technical analysis indicators and drawing tools.
- Also, the platform supports a variety of technical indicators that traders can apply to their charts for detailed market analysis.
| Features | Morgen Charles | BlackTrade500 | XCGIN |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Morgen Charles?
Let’s delve into the purported exceptional trading conditions that this broker claims to have developed over the decades. Are these conditions truly impressive, or is it just another marketing pitch? Let’s find out.
All Info About Accounts
Morgen Charles offers three types of accounts, excluding a demo account, unfortunately. Let’s take a closer look at what they have – Individual & Joint, designed for frequent traders and labeled as having the most flexible trading conditions. Then there’s the Retirement account, presumably tailored for passive and low-risk investments. Finally, the Entity account targets companies and other legal entities. However, the common theme across all these accounts is the complete lack of transparency regarding trading conditions. Details such as minimum deposits, leverage, and spreads are conspicuously absent, providing only brief account descriptions without any substantial information. This approach raises concerns about the broker’s transparency and leaves potential clients in the dark about crucial trading specifics.
- None.
- Trading conditions are not described.
Market Analysis and Education With Morgen Charles
On the broker’s website, there is an educational section comprising a small glossary and several articles. However, it’s worth noting that these materials may not be particularly beneficial for most traders, as they seem to be tailored for complete beginners. When it comes to market analysis, Morgen Charles does provide various widgets and quotes, but the availability of comprehensive market forecasts is unclear. There are no indications of such additional services in the client portal, leaving traders uncertain about the availability of advanced analytical tools.
Deposit, Withdrawal, and Fees
Morgen Charles offers rather limited deposit methods, as traders are only presented with the option to transfer funds using a credit card. Surprisingly, there are no withdrawal buttons visible, and crucial details such as fees and processing times remain undisclosed. This lack of transparency regarding financial transactions raises concerns about the broker’s commitment to providing clear and comprehensive services.
| Features | Morgen Charles | AlterSpots | Prime-CC |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ❌ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ✔️ |
How Can I Contact It?
Morgen Charles provides various means of contact, allowing clients to reach out via phone or email. Additionally, they offer a physical office address. However, it’s worth noting that the address lacks clarity, as there is no confirmation on maps that a company by that name is located at the specified address. So, we strongly advise against attempting to visit this office to avoid disappointment.
- Full contact info.
- No ground offices.
Is Morgen Charles Dangerous?
As we delve deeper into our investigation, the most intriguing aspects of this broker are about to be unveiled. Stay tuned, as we are on the verge of uncovering all the mysteries.
How Long Does The Broker Work?
While Morgen Charles may boast about decades of experience and extensive expertise, a reality check reveals a different story. A simple domain check uncovered that the project’s website was created in August 2023. Consequently, it raises doubts about its credibility and transparency as a broker.
How Is Morgen Charles Regulated?
The broker claims to be operated by a company called FOURTH CINVEN (RAILPEN 2011) CO-INVESTMENT LIMITED PARTNERSHIP, registered in the UK. While we did find mention of such a firm, it’s worth noting that it was dissolved back in 2018. In other words, the broker does not exist as a legal entity, indicating that it cannot possess any licenses for its operations. This, in turn, suggests that Morgen Charles provides services unlawfully.
| Features | Morgen Charles | BNP Groups | IC-Crypto |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Morgen Charles?
Is Morgen Charles Legit?
How Risky Is It?
Kevin Berry In delving into the legal intricacies of the broker, a curious revelation surfaces. The use of Limited Partnerships (LP) with similar names is a common tactic to navigate tax implications and regulatory oversight. However, the amusing oversight lies in the scammers’ failure to notice that the LP Morgen Charles claims to be associated with was dissolved back in 2018. It adds a humorous touch to the otherwise murky landscape of this dubious operation. It’s a reminder that even in the world of scams, attention to detail matters. Stay sharp, traders.
Morgen Charles rating
2 reviews about Morgen Charles
Thinking of trading on Morgen Charles? Brace yourself for a five-figure entry fee because a standard account won’t cut it. I deposited $2,000, only to find out it’s insufficient to dodge the high fees of their tariff plan. Almost all the profit goes into paying fees for each closed trade, leaving the user with nearly no income. Is it greed on the company’s part? It doesn’t matter; what matters is understanding that making a profit with this broker is close to impossible. If you don’t believe it, feel free to try. Good luck.
Morgen Charles is a disaster, and its creators seem to lack any sense. The constant freezing of the platform serves as the perfect accomplice making your money vanish into thin air. In short, it’s a complete mess. If you’re aiming to make profits, look for other brokers who operate transparently. Dealing with this one will only lead to losses. Withdrawals are also a nightmare; my request has been pending for two weeks now.