Warning: This broker is not licensed or regulated by the CFTC.
Read here to see why you should only use a licensed broker.
Morton Finance is an unlicensed binary options broker that opened in September 2015. They are owned by Chromex Capital LTD which is located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands.
Scam Trading Software
Even though the video you watched, promised you will make thousands of dollars!
Read more on how the scam works here.
Morton Finance does not allow traders to use any automated trading software.
Their terms and conditions say;
18.2 If you integrate an automated or semi-automated device on the Morton Finance browser or platform in lieu of your personal interaction or utilize a backdoor API; we will consider your activity system abuse and we will nullify your position or cancel your account with Morton Finance.
Trading Platform Review
Morton Finance runs on a basic binary options trading platform. The trading platform offers high / low binary options, at multiple expiration time frames. Starting at 60, 90, 120 seconds, going out to daily, weekly, monthly and yearly options. The returns on EUR/USD options were 70% when we reviewed the site.
Their website is only available in English and the minimum for new accounts is $350.
Morton Finance License
When the Scam Broker Investigator reviews a binary options broker to determine if they are a scam broker or legitimate broker we check for a license. A broker can receive a licensed from many financial regulators including the CFTC in America, or in Europe from CySEC, or ASIC in Australia.
Morton Finance is not a licensed broker. On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here. To see the updated list of licensed and regulated brokers, look here.
Their billing is handled by: C.C. Services Ltd, Prestige Business Center, 49 Patriarch Evtimii blvd, 4th floor, Triaditsa District, Sofia 1463, Bulgaria.
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