Morgan Pre claims to be operated by Morgan PRE Limited and regulated by the Investment Industry Regulatory Organization of Canada (IIROC), asserting that it is co-regulated by the National Futures Association (NFA) and holds an MSB license. However, our investigation reveals that neither the IIROC nor the NFA has registered the entity Morgan PRE Limited. This indicates that their claims are likely fabricated and intended to mislead investors. Furthermore, while we were able to locate the company in the system of the Financial Crimes Enforcement Network (FinCEN), it is crucial to understand that FinCEN does not regulate forex trading activities. The absence of NFA registration confirms that this platform is operating without proper authorization. Therefore, Morgan Pre appears to be a scam.