Morscapital Review – 5 things you should know about morscapital.com

Beware! Morscapital is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Morscapital is exactly the sort of broker you definitely cannot trust with your money. This is a shady, anonymous company that offered no proof of being a licensed, reliable enterprise. Moreover, opening an account with them is impossible unless you have been referred to the broker by someone you know. Trading with such companies will undoubtedly lead to losses which is why we generally recommend avoiding them.

Morscapital Regulation and Safety of Funds

Morscapital did not provide any sort of contact information on the website, not even an email. The broker offered some sort of number that is supposedly either a license number or a registration number but did not say where it is supposed to be regulated or based. This means we were unable to check if that license number was anywhere close to legit. Needless to say, a legitimate broker would never be that anonymous and would not keep you in the dark about important matters such as license information.

Our usual recommendation is to only trade with brokers licensed in strict jurisdictions such as the UK, the EU, and Australia. Such companies are obligated to meet a ton of requirements in order to obtain a license and have proven their reliability. For this reason, they are a much better choice than shady, anonymous enterprises like Morscapital.

Morscapital Trading Software

Morscapital promised access to one of the most popular platforms in the world of trading – MetaTrader 4. However, the broker did not provide any sort of download link on the website itself. When we tried to open an account and see if we could still access the platform through the broker’s client area, we were told that this is impossible – not until we provided the name of the person that had referred us to this broker. This is hardly common practice – the registration process with most legitimate brokers is quite straightforward. And it never requires being referred by a specific person.

MT4 is indeed one of the best platforms you could trade on – but we would recommend trying it with a legitimate, licensed broker instead of wasting your time on scammers.

Morscapital Trading instruments

Morscapital stated that they specialize in “Forex, index CFDs, commodity trading”. This means the broker actually offers a quite limited range of trading instruments. Most legitimate brokers offer hundreds, and sometimes thousands, of instruments across a wide variety of markets.

Morscapital Spreads and cost of trading

Morscapital did not provide any specific information about spreads and since we could not access a platform, we could not learn anything ourselves. And even if this broker did offer great spreads, we still would not recommend that you start trading with them – they are an outright scam.

Morscapital Maximum leverage

Morscapital promised maximum leverage of 1:500 – such high rates might tempt some clients into opening an account but come with certain risks. When trading with leverage, you would be able to make bigger offers – which could result in either bigger profits or bigger losses. The less experienced you are, and the more volatile the markets, the higher the chance of losing a huge amount of money. That is why we always recommend caution when it comes to leverage – do not fall for the big promises such brokers often make.

Morscapital Deposit and withdrawal methods

Morscapital did not explicitly say which deposit methods it accepts but it did imply that it only accepts payments in crypto. That is a huge red flag – there is a reason why so many scam brokers prefer to receive payments crypto. Such transactions are not only anonymous but also completely irreversible – which means you would not be able to get a chargeback on your payment or track it down to anyone in particular. Only use this payment method if you are completely sure you can trust your broker – otherwise, you might wind up in trouble.

Morscapital Minimum deposit

Morscapital requires a minimum deposit of $100 in order to open a trading account. That is quite standard since these days trading is hardly only for investors willing to put in a huge amount of capital. There are plenty of brokers that would open an account for the same amount of money – or even for less. There is no reason to choose a scam over a reliable, licensed brokerage just for the sake of good prices.

Morscapital Withdrawal requirements

Morscapital’s Terms and Conditions were quite brief and did not contain any information about withdrawal requirements. Keep in mind, however, that such brokers often do have certain requirements that make it very hard for their clients to withdraw funds. You might be charged outrageous withdrawal fees – up to 20% – or be asked to reach an impossible turnover before being able to withdraw. That is why it is important to stay vigilant and always read the complete Terms and Conditions.