Reported as a scam / unregulated
Why Morgan Pre is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.