Overview of Morgen and Charles
Morgen and Charles is an unregulated financial company based in the United Kingdom. They operate in an impartial and objective environment, without any personal influence attributing to their regulatory status. The company offers a diverse range of market instruments for trading, including Forex, stocks, indices, commodities, and cryptocurrencies.
Morgen and Charles provide different types of accounts, such as individual and joint accounts, retirement accounts, and entity accounts to cater to various investment needs. They also offer a trading demo account for users to practice and explore the platform's features risk-free.
The company's trading platform is user-friendly, accessible through their website without any downloads or installations required. It offers charting and market analysis tools to assist traders in examining market trends and making informed decisions. Additionally, Morgen and Charles provide educational resources through articles and a trading glossary to enhance traders' understanding of financial markets.
For customer support, Morgen and Charles can be reached through contact numbers, email, and an enquiry form on their website. However, it's important to note that specific details regarding leverage, spreads, and commissions are not provided on their website.
Pros and Cons
Morgen and Charles offer a diverse range of trading instruments, catering to forex, stocks, indices, commodities, and cryptocurrencies, making it appealing to a wide range of investors. Moreover, they provide different account options to accommodate various investment structures, including individual, joint, retirement, and entity accounts. Their user-friendly web-based trading platform with mobile functionality. Additionally, the platform offers essential tools like an Economic Calendar, Currency Converter, and Charting & Market Analysis tools, aiding traders in making informed decisions. Furthermore, Morgen and Charles provide educational resources through articles and a trading glossary, promoting learning and knowledge enhancement. On the downside, some potential investors may be concerned about the lack of regulatory oversight, which could impact the platform's credibility. Additionally, the absence of specific details regarding leverage, spreads, commissions, account minimums, and account-specific benefits may raise questions about transparency and competitiveness. Furthermore, the lack of information about webinars, seminars, or interactive educational resources might deter those seeking robust learning opportunities. Lastly, the platform's restriction on cash deposits could be a limitation for some traders, and the absence of information on advanced trading platforms leaves uncertainty about their offerings in that area.
Is Morgen and Charles Legit？
Morgen and Charles operate in an unregulated environment, devoid of any subjective tone. The absence of personal influence refrains from attributing the regulatory status to any individual, maintaining an impartial and objective stance.
Market Instruments
Morgen and Charles offer a diverse range of market instruments for trading:
1. Forex: Morgen and Charles provide access to various currency pairs, including EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, USD/CHF, NZD/USD, among others.
2. Stocks: Investors can trade stocks from major markets such as the USA, Europe, Australia, Canada, Asia, and GCC. Examples of stocks include companies like Apple, Microsoft, Google, Toyota, Samsung, and more.
3. Indices: Morgen and Charles offer a wide selection of indices, including AEX, ASX, CAC, DAX, Dow Jones, IBEX, NASDAQ, NIKKEI, OMX 30, SMI, S&P500, STOXX50, FTSE, and TSX, representing the performance of various industries and economies.
4. Commodities: Traders can participate in commodity markets with instruments like Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Platinum, Copper, Soybean, Wheat, Coffee, Cocoa, and Zinc.
5. Cryptocurrency: Morgen and Charles facilitate trading in popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Dash (DASH), Ethereum Classic (ETC), and Monero (XMR).
Account Types
INDIVIDUAL & JOINT
Morgen and Charles offer an account type that provides access to essential trading tools and research, making it one of the most popular and adaptable choices for traders. These accounts are designed for both individual and joint ownership and can be upgraded to include options or futures trading capabilities.
RETIREMENT
For retirement planning, Morgen and Charles present a range of retirement accounts to cater to diverse needs. These include the Traditional IRA, Roth IRA, or SEP IRA options, enabling individuals to align their investments with their specific retirement goals.
ENTITY
To accommodate various investment structures, Morgen and Charles extend entity accounts suitable for corporations, limited liability companies, partnerships, trusts, and sole proprietorships. This account type allows investors to tailor their approach based on their preferred entity setup.
Morgen and Charles also offer a trading demo account, providing a risk-free environment for users to practice and explore the platform's features before opening a live account. Suitable for beginners and experienced traders alike, it serves as a powerful tool to build confidence and test trading strategies.
How to Open an Account？
To open an account with Morgen and Charles, follow these steps:
Click “GET STARTED”: Begin the account opening process by clicking the “GET STARTED” button on the website.
Register: Fill out the registration form with the following details:
First name
Last name
Email address
Choose a password
Select Country: Choose your country of residence from the available options.
Phone Number: Provide a valid phone number with the appropriate country code.
Declaration: Confirm your eligibility and agreement with the trading terms and conditions. Declare that you are over 18 years old and not a US citizen.
Create Account: After providing all the required information and agreeing to the terms, click on the “Create account” button to finalize the account opening process.
Leverage
On the website of Morgen and Charles, specific details regarding leverage are not provided.
Spreads & Commissions
The specific details regarding spreads and commissions are not available on the website. For more comprehensive information on spreads and commissions, users may need to contact customer support or refer to the platform's documentation and terms and conditions.
Deposit & Withdrawal
Morgen and Charles facilitate Deposit & Withdrawal processes for their users. You can track the status of your transactions in the account portal by accessing 'Transaction History' and clicking on the relevant transaction ID number. They offer diverse payment methods for deposits and withdrawals, including credit and debit cards, e-Wallets, and Bank Wire transfers. However, it's important to note that cash deposits are not accepted by the platform.
Trading Platforms
Morgen and Charles offer a user-friendly Trading Platform accessible through their website, requiring no downloads or installations. The platform boasts an intuitive interface for market analysis, providing ease with just a click. Users can confidently invest from home, leveraging the expertise of market professionals and analysts with over 20 years of experience. Moreover, the platform's mobile functionality enables traders to monitor their investments on-the-go.
Trading Tools
1. ECONOMIC CALENDAR: Morgen and Charles offer an Economic Calendar tool, providing users with essential financial event data. This tool allows users to stay updated on upcoming economic releases, announcements, and other significant events that may impact the financial markets. The Economic Calendar aids traders in making informed decisions and planning their trading strategies based on scheduled economic events.
2. CURRENCY CONVERTER: The Currency Converter tool available at Morgen and Charles allows users to convert between various currencies. This tool serves as a resource for traders and investors who engage in cross-border transactions or work with multiple currencies. The Currency Converter provides accurate exchange rates, enabling users to perform quick currency conversions without the need for external sources.
3. CHARTING AND MARKET ANALYSIS: Morgen and Charles provide robust Charting and Market Analysis tools to assist traders in examining market trends and conducting technical analysis. The platform offers a wide range of chart types and technical indicators, empowering traders to analyze price movements and identify potential trading opportunities. The Charting and Market Analysis tools help enhance traders' decision-making process by offering comprehensive and customizable market data visualization capabilities.
Educational Resources
1. Articles - The Education Center of Morgen and Charles offers a comprehensive range of articles that focus on financial markets. These articles cover various topics, including the significance of education for safe trading and the impact of economic, political, and environmental news on financial markets. Fundamental Analysis is explained, with a focus on evaluating a security's value through economic and financial factors. Additionally, there are articles discussing interest rates and their relevance to borrowers and lenders. For those unfamiliar with financial terms, the center also provides explanations of key concepts, such as bear markets and bull markets.
2. Glossary - Morgen and Charles feature a Trading Glossary in their Education Center, catering to individuals new to the financial world. This glossary includes a comprehensive list of trading terms presented in alphabetical order and defined with precision. Readers can gain clarity on confusing terms they encounter in the trading business, such as market value versus book value of a business and the differences between CPI and IPO. By offering a clear and accessible explanation of these financial terms, the glossary alleviate confusion and enhance traders' understanding of the market.
Customer Support
Morgen and Charles offer comprehensive Customer Support through their Exchange Rates API and contact numbers: +44 203 8343337 and +1 (226) 6397666. Located at Warwick Court, Paternoster Square, London, EC4M 7AG, users can also reach their support team via email at Support@Morgencharles.com. For inquiries, users can submit their names, email addresses, subjects, and messages through the provided enquiry form.
Conclusion
Conclusion: Morgen and Charles, a UK-based company, operates in an unregulated environment, presenting both advantages and disadvantages. On the positive side, the absence of personal influence ensures an impartial and objective stance regarding the regulatory status. The company offers a diverse range of market instruments, including Forex, stocks, indices, commodities, and cryptocurrencies, providing users with various investment options. Additionally, they offer different account types, catering to individual, joint, retirement, and entity needs. The platform's user-friendly trading interface and mobile functionality offer ease in investing. Furthermore, Morgen and Charles provide essential trading tools, such as an Economic Calendar, Currency Converter, and Charting and Market Analysis tools, aiding users in making informed decisions. The Education Center with articles and a comprehensive glossary adds value to new traders seeking financial knowledge. On the downside, specific details regarding leverage, spreads, and commissions are not readily available on their website, requiring users to contact customer support or refer to documentation for comprehensive information. Despite these aspects, Morgen and Charles offer Deposit & Withdrawal processes, accepting diverse payment methods. For customer support, users can reach out through contact numbers, email, or an online enquiry form.
FAQs
Q: Is Morgen and Charles a legitimate company？
A: Yes, Morgen and Charles operate in an unregulated environment, maintaining an impartial and objective stance, making them a legitimate trading platform.
Q: What market instruments does Morgen and Charles offer for trading？
A: Morgen and Charles provide access to Forex, Stocks, Indices, Commodities, and Cryptocurrencies for trading.
Q: What types of accounts does Morgen and Charles offer？
A: Morgen and Charles offer Individual & Joint accounts, Retirement accounts (Traditional IRA, Roth IRA, SEP IRA), and Entity accounts for various investment structures.
Q: Does Morgen and Charles offer leverage for trading？
A: Specific details regarding leverage are not provided on the website.
Q: What are the available trading platforms at Morgen and Charles？
A: Morgen and Charles offer a user-friendly web-based Trading Platform with mobile functionality for on-the-go trading.
Q: What trading tools are available at Morgen and Charles？
A: Morgen and Charles offer an Economic Calendar, Currency Converter, and Charting & Market Analysis tools to aid traders in making informed decisions.
Q: What educational resources does Morgen and Charles provide？
A: Morgen and Charles offer articles covering various financial market topics and a Trading Glossary to help users understand key trading terms.
Q: How can I contact customer support at Morgen and Charles？
A: You can contact Morgen and Charles customer support through their contact numbers, email (Support@Morgencharles.com), or by submitting an enquiry form on their website.
