Wikilix independent safety report
Morfin FX is a likely scam: it holds no financial licence anywhere, yet its own client agreement tells clients it is authorised and regulated. We put the risk at 73%. The number Morfin FX prints as a…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Morfin FX: its history, the licences it holds, its trading conditions and its fees.
Morfin FX is the trading brand of Morfin FX LLC, a company registered in Saint Vincent and the Grenadines under number 1539LLC2021. It offers one trading platform, MetaTrader 5, across five published account types, each carrying a maximum leverage of 1:400. No financial regulation has been confirmed for the broker, and its Saint Vincent registration is a company registration rather than financial supervision. Beyond its registered office in Kingstown, Morfin FX gives contact addresses in Dubai and in Tbilisi, Georgia, and its published restricted region statement excludes residents of the United States, the United Kingdom, the United Arab Emirates, India, Cuba, Iraq, Myanmar, North Korea and Sudan.
The operating entity is Morfin FX LLC, registered in Saint Vincent and the Grenadines under company number 1539LLC2021, with a registered address at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. That registration establishes that the company exists. It does not authorise a trading business, it does not place the firm under any authority's supervision, and it carries no client money rules. No regulator, licence number, licence type or licence status has been confirmed for Morfin FX, and the registration itself has not yet been checked against the Saint Vincent register.
No. No financial regulator has been confirmed as supervising Morfin FX or Morfin FX LLC, and the company's registration in Saint Vincent and the Grenadines is corporate registration, not a financial licence.
Morfin FX publishes very little of what a client would need in order to judge its terms in advance. There is no fee schedule and no spread table, so the cost of trading cannot be established before an account is funded. The withdrawal policy allows fees that vary by method and by amount and are communicated only when a request is made, and withdrawals must return to the method the deposit came from. With no confirmed regulator behind the firm there is also no supervisor to escalate a dispute to, and the Saint Vincent company registration is corporate paperwork rather than an assurance of safety.
Five account types are published: Classic, ECN/STP, Copy Trading, PAMM and MAM. Each of them is capped at 1:400 leverage. Morfin FX publishes no minimum deposit for any tier and no per account commission, so what separates them is the dealing model and, for the PAMM, MAM and Copy Trading accounts, the managed or copied structure rather than published pricing.
Spreads are variable and no spread table is published. Morfin FX states that it charges zero commission and no hidden charges, but it publishes no fee schedule behind that statement, and its own withdrawal policy reserves the right to charge withdrawal fees that vary by method and by amount. Bank and electronic wallet charges, and currency conversion at the provider's rate of the day, can apply on top.
Leverage reaches 1:400, and the same cap is published on all five account types.
MetaTrader 5 is the only platform Morfin FX offers. The broker publishes iOS and Android downloads preconfigured for its own server and a browser based terminal, and lists a Windows build without a download link. There is no MetaTrader 4 and no proprietary platform.
Three funding channels are named in the client agreement: bank transfer, credit and debit cards, and Skrill. Cash is not accepted. Deposits are typically credited within one to three business days, and withdrawal requests are targeted at five business days. Withdrawals must use the method the deposit came from, third party payments and withdrawals are not permitted, and card deposits are refunded to the card originally used. No minimum or maximum amounts are published for any channel.
Support is offered in English by live chat during business hours, by email at support@morfinfx.com, by telephone on +421 23322 1500 and over WhatsApp on +971 5862 59739. Contact addresses are listed in Dubai and Tbilisi in addition to the registered office in Kingstown.
Morfin FX presents a conventional MetaTrader 5 offering with managed account options, run by an offshore registered company that no authority has been confirmed to supervise. The thing to settle before funding an account is cost and withdrawal terms, because the figures a trader would normally compare are not published and the company reserves the right to set withdrawal fees at the time of the request.
8 full-page captures of Morfin FX's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for Morfin FX. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Morfin FX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
5 account types on record. Leverage up to 1:400.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| Classic AccountClassic · Standard | Not recorded | 1:400 | Not published for this account type |
| Copy Trading AccountCopy Trading · Prop | Not recorded | 1:400 | Not published for this account type |
| ECN/STP AccountECN | Not recorded | 1:400 | Not published for this account type |
| PAMMPAMM · Prop | Not recorded | 1:400 | Not published for this account type |
| MAMMAM · Prop | Not recorded | 1:400 | Not published for this account type |
Where Morfin FX says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Explicitly accepted
Named as accepted — not a full list of served markets
3 ways to fund an account. One with no deposit fee.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferThe client agreement lists bank transfer among the accepted deposit methods and states that withdrawals are made to the client's bank account. Morfin FX publishes no fee schedule: its withdrawal policy states it may charge withdrawal fees that vary by method and by amount and are communicated when the request is made, and its terms allow fees on both deposits and withdrawals, so the zero fees recorded against this row are not supported by any published figure. Wire transfers may also carry fees imposed by banks that vary from one transaction to another, and currency conversion is performed by the bank at the rate of the day with fees that may apply. Deposits are typically credited within one to three business days; withdrawal requests are targeted at five business days. Withdrawals must use the same method as the original deposit, third-party withdrawals are not permitted, and no minimum or maximum amounts are published. | Free | Free | Not recorded | Not recordedNot recorded | 3 days |
Credit/Debit CardCredit CardCard payments must match the client's own name, and chargebacks are not permitted in most cases. The company may reject card payments from regions it treats as high risk, and advises clients to cover the CVV when submitting a copy of a card. Card deposits are refunded to the same card; where the issuer's refund window has expired the company may instead pay by wire, subject to satisfactory documentation. No deposit or withdrawal fee is published for this channel and no minimum or maximum amounts are published. Deposits are typically credited within one to three business days; withdrawal requests are targeted at five business days. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 3 days |
SkrillE-WalletThe client agreement names Skrill explicitly among the accepted deposit methods and also allows other electronic money transfer methods acceptable to the company, while stating that cash deposits are not accepted. No fees, minimums or maximums are published for this channel. Withdrawals must use the same method as the original deposit, and currency conversion is carried out by the electronic wallet provider at the rate of the day with fees that may apply. Deposits are typically credited within one to three business days; withdrawal requests are targeted at five business days. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | 3 days |
One trading platform on record: MetaTrader 5.
MetaTrader 5 is the only platform Morfin FX offers. The broker publishes iOS and Android downloads preconfigured for its own server, plus a browser-based terminal; a Windows build is listed on its MT5 page without a download link.
2 domains on record. All active and served over HTTPS.
One legal entity behind the Morfin FX brand.
Morfin FX names Morfin FX LLC as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what Morfin FX offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Morfin FX
Yes. Morfin FX publishes a Copy Trading account and two managed account structures, PAMM and MAM.
All three carry the same 1:400 leverage cap as its other accounts, and no minimum deposit, management fee or performance fee is published for any of them.
Morfin FX states that it does not provide services to citizens or residents of the United States, the United Kingdom, the United Arab Emirates, India, Cuba, Iraq, Myanmar, North Korea or Sudan.
It adds that its services are not intended for distribution to, or use by, anyone in a country where that would be contrary to local law or regulation.
Morfin FX offers live chat during business hours, email at support@morfinfx.com, a telephone line on +421 23322 1500 and WhatsApp on +971 5862 59739.
Support is published in English. A second UAE telephone number, +971 4 338 6699, appears on its contact page.
Morfin FX is operated by Morfin FX LLC, registered in Saint Vincent and the Grenadines under company number 1539LLC2021.
Its registered office is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, and it lists contact addresses in Dubai and in Tbilisi, Georgia. These details are as the company publishes them and have not yet been checked against the Saint Vincent register.
Morfin FX states that it charges zero commission and no hidden charges, but it publishes no fee schedule or spread table behind that statement.
Its spreads are variable, no commission is published for any account type, and its withdrawal policy reserves the right to charge fees that vary by method and by amount. Bank and electronic wallet charges, and currency conversion at the provider's rate of the day, can apply on top.
Morfin FX targets five business days for a withdrawal request.
A withdrawal must use the same method as the original deposit and cannot be paid to a third party. The company states that withdrawal fees may apply, that they vary by method and by amount, and that they are communicated when the request is made, so the cost is not known in advance.
Morfin FX publishes five account types: Classic, ECN/STP, Copy Trading, PAMM and MAM.
All five carry the same maximum leverage of 1:400, and none of them publishes a minimum deposit or a commission rate. What separates them is the dealing model and, for Copy Trading, PAMM and MAM, the copied or managed structure rather than published pricing.
Morfin FX does not publish a minimum deposit.
No minimum is stated for any of its five account types, and none of its three funding channels publishes a minimum or a maximum amount. The figure would have to be confirmed with the company before an account is funded.
Morfin FX publishes a maximum leverage of 1:400.
The same cap applies to all five of its published account types: Classic, ECN/STP, Copy Trading, PAMM and MAM. No account tier on its site is offered with a higher or a lower limit.
Morfin FX does not set out a step by step verification procedure in the terms it publishes.
What its client agreement does require is that money moves in the client's own name. Card payments must match the client's name, third party deposits and withdrawals are not permitted, withdrawals must return to the method the deposit came from, and the company may ask for satisfactory documentation before it processes a withdrawal.
Morfin FX accepts bank transfer, credit and debit cards, and Skrill. Cash deposits are not accepted.
Cryptocurrency is not among the methods it publishes. No deposit fee, minimum or maximum is published for any of the three channels, and its terms allow the company to charge fees on deposits as well as withdrawals, so the cost of funding an account cannot be assumed to be nothing.
No. No financial regulator has been confirmed as supervising Morfin FX or its operating company, Morfin FX LLC.
Morfin FX LLC is registered in Saint Vincent and the Grenadines under company number 1539LLC2021. That is a corporate registration and not a financial licence: it establishes that the company exists, not that any authority supervises its trading business. In practice that means there is no compensation scheme behind a deposit and no regulator to take a complaint to.
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