There are several warning signs indicating that Morscapital is an unlicensed trading platform and thus we strongly advised you against trading with it. Otherwise, you are exposed to fraud and identity theft as it operates outside of the regulatory framework.
Morscapital claims to be operated by a company named Mors Group (Global) Limited. On its website, it claims to be registered in Seychelles in 2020 and operating from Dubai. However, its domain "morscapital.com" was first registered in March 2022. This inconsistency between the website's age and its claim strongly hurts the platform's credibility.
We conducted a thorough investigation to verify its license by searching for this company in the registers of the following financial regulators, such as the Seychelles Financial Services Authority (Seychelles FSA), the Dubai Financial Services Authority (DFSA), the Central Bank of the UAE (CBUAE), and the Securities and Commodities Authority (SCA). However, no matching records exist in these registries. Therefore, despite the claim that it was registered in Seychelles and is operating in Dubai, Morscapital is not financially registered, making its offerings illegal.
Given these red flags, we strongly suggest you avoid Morscapital. To minimize substantial risks of fraud and identity theft, it is recommended to choose fully regulated brokers.
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