ANSWER Morning Sky Trade is not a licensed or regulated broker even though it states offers that look good to be true. Morning Sky Trade claims to be a licensed broker under regulation of the United States National Futures Association (NFA). We searched the NFA and found a matching result. However, Morning Sky Trade is not under valid regulation by NFA since it is not an approved NFA member. Morning Sky Trade also claims to be a UK-based entity. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to Morning Sky Trade in FCA. The truth is, Morning Sky Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Morning Sky Trade and trade with licensed brokers.
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