Morris Capitals claims to offer everyone the opportunity to gain more freedom in the financial markets. However, we have concerns about ensuring that this freedom doesn’t lead to losses for you. With this in mind, we will thoroughly examine whether Morris Capitals is a scam or not, and present our findings in a concise review.
- Morris Capitals General Information
- Registration and Client Portal Review
- Morris Capitals Trading Conditions
- Account Types Review
- Trading Platform
- Morris Capitals — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Morris Capitals a Scam?
- Legal Information and License
- Morris-capitals.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Morris Capitals General Information
| Website | https://morris-capitals.com/ |
| Phone Number | 442030973104 |
| support@morris-capitals.info | |
| Address | Badenerstrasse 414, 8004 Zürich, Switzerland |
| License | — |
| Minimum Deposit | $25,000 |
| Assets | CFDs |
| Leverage | 1:500 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
On the official website, we are greeted with animated intros of seemingly successful investors. There’s even an image of a golf game, and clients are assured that their time is valued. In essence, this is all you need to know about the website. The primary focus here is on advertising, and even the description of trading conditions is lackluster. Interestingly, the official website is only available in English, which is quite puzzling considering the broker claims to have years of experience.
Morris Capitals offers a straightforward registration process. All you need to do is fill out a brief questionnaire with your personal information. However, there’s a small catch awaiting you here. You won’t be able to complete the registration without a promo code. Where to obtain this code is a genuine mystery. Perhaps it’s worth inquiring about it with Morris Capitals’ staff.
This approach creates unnecessary complexity and inconvenience for potential users. Requiring a promo code for basic registration deters individuals who are genuinely interested in exploring the platform.
Morris Capitals Trading Conditions
After operating for so many years, Morris Capitals must have surely developed some remarkable trading conditions. Let’s take a closer look at them.
Account Types Review
At Morris Capitals, they offer a total of three account types: Silver, Gold, and Platinum. The minimum deposit requirement is quite substantial, starting at $25,000. Can you believe it? And that’s not even considering the fact that the company doesn’t provide a demo account. So, let’s delve into the exceptional services you’ll receive under the Silver account for $25,000. You’ll get a personal analyst and weekly market analysis. Moving on to the next tier, the Gold account requires a deposit of $50,000. But a personal analyst isn’t all you’ll get here – you’ll also receive a 10% bonus, smart money management, and a management plan. Interestingly, these seem to be the extent of exceptional services offered. It’s quite astonishing that the company demands such a significant deposit for these seemingly limited benefits.
The last account type is even more enigmatic. Requiring a deposit of $100,000, you’ll receive a 20% bonus, a direct line to your analyst, and 5 protected trades. The concept of “protected trades” already raises suspicions – a clear indication that this isn’t real trading on the actual market. The company seems to operate using a dealing desk model, not forwarding your orders to the interbank market. Furthermore, there is a lack of information about leverage and spreads on their platform.
Trading Platform
Unfortunately, our attempt to evaluate the Morris Capitals platform was hindered by the closure of registration, preventing us from gaining access and conducting a thorough assessment. Despite this, the consensus from various reviews suggests that the platform may not live up to expectations in terms of its performance and features. Furthermore, it’s worth highlighting that Morris Capitals solely provides a web trader interface, as we encountered no links or information regarding downloadable desktop or mobile applications for trading.
Morris Capitals — Deposit and Withdrawal of Funds
Deposits and withdrawals on the platform are shrouded in uncertainty, as the broker provides no clear information regarding these processes. Remarkably, even the broker’s terms and conditions fail to offer any substantial insight on the matter. The only certainty we have is that withdrawals can be executed using the same method as deposits, and exclusively from the same payment account used for funding. Also, the broker set the minimum withdrawal amount at $50.
Verification
Although we couldn’t register on the platform, we have insights into the verification process. According to the broker’s documents, the verification procedure involves submitting your personal information, a valid government-issued ID, proof of address, and possibly additional financial documents. The broker’s team reviews the documents, and upon successful verification, you receive confirmation that your account is fully verified.
Additional Options
Morris Capitals offers a variety of additional options, some of which we have already described. For instance, there are bonuses and, of course, analytical services. However, we lack substantial information about these analytics. Who are these individuals providing the analytical data? What confirms their professionalism? The entire broker’s team, including the CEO, remains entirely anonymous, which is certainly not standard business practice.
Is Morris Capitals a Scam?
Morris Capitals offers rather mediocre services coupled with an exorbitantly high minimum deposit requirement. You might wonder about the source of the broker’s unwavering confidence. Let’s delve into the issue of legitimacy.
Legal Information and License
Morris Capitals identifies itself as a Swiss company. However, this claim raises significant suspicions for a European broker. To verify the authenticity, we decided to investigate further and checked the Swiss registry. Our findings revealed that there were no matches under the name “Morris Capitals” in the registry. In essence, the broker is misleading prospective clients by falsely asserting its registration in Switzerland. If there is no official registration, it follows that there is no valid license either. Consequently, the broker’s services are being provided illegally.
Morris-capitals.com Domain Info
The roadmap states that Morris Capitals embarked on its journey as early as 2007. However, given the company’s dishonesty about its legal registration, it raises doubts about the accuracy of other claims. To further investigate, we examined the website’s domain registration. Our findings revealed that the domain was registered on March 10, 2023. Therefore, it becomes evident that this is also a relatively young and recent scam.
Contacts Review
Morris Capitals provides phone numbers and even an email address for communication purposes. Additionally, the broker lists an office address. However, this address is deceptive, as we have established that the broker is not registered at all. Moreover, there is no such broker at this address. Thus, the situation becomes quite clear and evident.
Pros and Cons
- Wide range of additional options.
- Lack of transparency.
- No legal registration.
- No license.
- High minimum deposit.
- Short lifespan.
Frequently Asked Questions (FAQ)
Morris Capitals provides a range of financial services, including online trading in various asset classes such as stocks, commodities, forex, and cryptocurrencies.
The minimum deposit requirement with Morris Capitals is determined by their trading conditions and starts at huge $25,000.
No, Morris Capitals is not a regulated broker. Despite presenting itself as a legitimate company, it operates without proper regulation.
I lost a lot of money
My experience with Morris Capitals has been nothing short of a nightmare. Initially, I registered an account and engaged in trading activities for about two months. However, things took a dark turn when I returned from a vacation and found myself locked out of my account. Multiple attempts to reset my password yielded no results, and despite contacting their support and trying to reach them by phone, I received no response. The company’s unresponsiveness has left me unable to access my account, which holds $25,000. It’s become increasingly evident that I fell victim to typical scam artists rather than a reputable broker. The growing number of negative reviews about this company on the internet only confirms the legitimacy of these suspicions. Avoid this fraudulent enterprise at all costs; my experience has taught me a costly lesson.
Unregulated and dubious
Morris Capitals, devoid of any online presence and social media connectivity, raises significant doubts about its legitimacy. With an untraceable reputation and absence from forums or discussions, its unregulated status is evident. Notably, the company claims to be based in Switzerland, yet lacks any licenses or regulatory endorsements from Swiss authorities. Attempting to register with them proved futile for me, as I couldn’t even create an account. It is imperative to steer clear of such shady intermediaries, particularly those with an unestablished presence and no licenses to back their claims.
Scam scheme
The company was founded by anonymous criminals who concocted a fictitious Swiss legal entity. In reality, this entity doesn’t exist in any physical or legal form. With no physical offices or legal presence, Morris Capitals solely operates a website registered just a few months ago in March 2023. This concoction of fake activity, illegal operations, and a lifespan of less than six months raises serious concerns and flags it as a fraudulent scheme rather than a legitimate broker. Beware of this swindling operation that preys on unsuspecting individuals, and avoid any engagement with this pseudo-broker organization.