This broker is under investigation, just as their sister company GlenridgeCapital. Trade with HighLow instead!
MortonFinance review will help traders find out more about the broker that claims to be offering the best tools for financial trading. According to their website they offer 24/7 professional broker assistance as well as an innovative approach towards trading.
Read MortonFinance review below.
MortonFinance review showed how this broker has several accounts for traders to choose from at any moment. Four different accounts are created with different traders in mind as they have different investment limits.
MortonFinance has clear bonus terms and conditions, and claims that every bonus can be withdrawn after the required turnover of x30 has been reached. However, it was noticed that the broker lacks detailed explanation on bonuses, what do they represent for traders and how to use them as leverage. Unfortunately, there is no demo account available for traders.
Unfortunately, there is no demo account available for traders. This is a pity and could be seen as a disadvantage, as the required deposits are higher than the average in the industry, and traders should get the opportunity to test the platform first. This way, they don’t see the platform until registered.
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MortonFinance review showed how this broker is using proprietary platform that is very basic in design and services offered. Traders can place only high-low trades that are very well known but are also lacking excitement for the modern trader.
The website is easy to navigate but lacks some general and necessary information on service it provides. Also, there is no mentioning of mobile trading, which is a pity as traders nowadays want to trade on the go as well.
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During MortonFinance review, FBO team tested their customer support service. The live chat operator answers only after 10 minutes of waiting, and essentially didn’t provide any useful information. The MortonFinance employee avoided answering any detailed question which can be seen as a sign of bad practice.
The website is available only in English, and as the operator told us, they are accepting only North American customers. However, they are not CFTC regulated.
Unfortunately, MortonFinance is offering very limited FAQ section, and the educational section is very vague on any binary options topic and is definitely not enough even for beginners.
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MortonFinance is in the ownership of Greymountain Management Ltd.
Minimum deposit with this broker is $250, while minimum withdrawal is $100 for debit cards and $200 for wire transfers. They claim that withdrawal is possible even with some alternative methods, but aren’t explaining which ones.
According to Terms and Conditions, traders must count on many high fees for inactive accounts, depositing and withdrawing. Such rules make binary options less profitable and can be considered a bad practice. The time required to process a withdrawal is extremely long – 10 days.
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