Morgan Newfield Review (2023)
- Company name:
Morgan Newfield
- Registration Address/ License:
Taiwan. Belgium. No License, No Regulation.
About Morgan Newfield
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Morgan Newfield safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
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.”
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.
Conclusion
Well respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or 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 with 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.