In this review, we will describe why Morton Finance is a scam that you should avoid at all cost !
Is Morton Finance Legit?
Looking at Morton Finance website, it shows that they are owned by Chromex Capital LTD. Chromex Capital LTD is located on the Marshall Islands, a well-known offshore zone and a preferred location for shady brokerage. Morton Finance is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Morton Finance is a dangerous broker to deal with.
Are Funds Safe with Morton Finance ?
With such lack of information and Morton Finance being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is Morton Finance is withholding vital information to users.
Morton Finance could go bankrupt from one day to another since there are no banking information about this broker.