Morgan Trust (Morgantrust.eu) is another crude CFDs, Cryptocurrency, and Forex scam in the trading industry. MorganTrust is claiming to be the best platform the currently in the industry. And this is far from the truth as hundreds of victims can be seen vetting their anger. With members complaining of lack of withdrawals, MorganTrust is a scam to avoid at all costs. Read this genuine MORGAN TRUST Review for more details.
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After receiving numerous email complaints from users of Morgan Trust, we decided to investigate. Trouble started brewing when investor noticed withdrawals were not happening. Some members have gone of months without having able to withdraw their funds. And this is where we draw the line as each investor should withdraw funds at will. Any platform which refuses to allow withdrawals is simply a scam. Make sure to read this eye-catching review and find out the tricks used by MorganTrust.
Professional scam artist will come up with cloned trading websites to fool unsuspecting investors. We feel it is our duty to expose these scam platforms in order to keep the trading world clean. Some of the tricks used by these scam artists cannot be seen with an untrained eye. Morgan Trust is simply way too cheesy to be a real trading website. We have uncovered the tricks used by these scam artists to fool investors. Make sure you know these tricks so that you never become a victim.
GreenRiver OU is the company which claims to own this platform. According to the disclaimer at the footer of their homepage, this platform is based in Estonia. We checked with the Estonian Company register to try and validate their claims. The Estonian Regulatory commission does not have any company listed under the name GreenRiver. And this is where it gets interesting, the company is not registered anywhere in Europe, America, or Asia. This is an anonymous company.
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Anonymity is another scary feature we noticed with this platform. What looks like a legit platform from afar is an anonymous platform with no factual residence. Who are the founding members of this platform? Can we get the names of people tasked with running this show? These are some of the tell-signs we are dealing with a rogue platform. Stay away from this platform or else become their next victim. Anyone who signs up with this platform is bound to be a victim.
With the platform claiming to have offices in Estonia, we contacted Estonian Regulatory authorities. The Estonian Financial Supervision Authority has no registered platform with this name. EFSA register shows no company or broker licensed under this name. And this is where we get concrete evidence to state Morgan Trust is an unlicensed and unregulated platform. Anyone who associates with this platform should know their safety is at risk with unlicensed entities.
Why have they failed to post any details regarding their license and registration certificates? You would expect the platform to have a license certificate on their website to prove authorization. The website does not even have a license or registration number posted on it. And this is proof Morgan Trust is a bane platform targeting unsuspecting investors. Funds will never be safe and recovering funds from such a platform is next to impossible. Stay away from this platform or face the consequences.
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We could not find any trading advantage with dealing with an anonymous and unlicensed broker. Morgan Trust is stealing from anyone who signs up by refusing to grant withdrawals. What investors are doing is filling the pockets of these scam artists. Stay away and avoid any association with this platform.
Morgan Trust is furnishing users with five account types to choose from. Accounts are listed as Basic, Silver, Gold, Platinum, and Diamond. Basic account holders are required to deposit $10,000 to start trading. Investors should know the minimum set depository price is $250. Any platform asking for a price above this is going against set industry regulations.
When you look at the bottom right hand side of their platform, they have a chat box. The problem with this chat box is that they are using it to harvest data. Investors will give out their names and email address. Morgan Trust will use the email address to bombard users with promotional materials. The live chat support is not functioning and users have to wait for days to get a reply. And this gives these scam artists a chance to block your calls when you want to contact them.
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Another problem with this platform is lack of a demo account. Without a demo account, users are signing up blindly not knowing what to expect. A demo account gives users a chance to test how well the platform works. With a demo account, you will get to know the leverage and spreads available. You also get to know the speed at which the platform places trades.
Morgan Trust is using a custom made platform which has not been tested. The problem with such a platform is lack of proper security features. Lack of DDoS and SSL encryption is proof we are dealing with an unstable platform. Hackers can easily take over this platform and steal credit card information. These are scam artists who want to destroy the good trading name, they must be exposed.
When it comes to safety of funds, the platform does not concern itself. Investors are pooling funds in one account which is against set industry regulations. Members of this platform have been depositing funds straight to owner’s bank account. Morgan Trust is not able to insure funds since they don’t participate in a compensatory scheme.
With the concrete evidence, we now know Morgan Trust is a complete scam. Warn your family and friends from joining the platform or affiliate programs. Once you receive emails with links, never click on them.
We will be adding this platform to our scam blacklist to ensure our readers stay informed.
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Wishing you the very best
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