Review and feedback on the CFD broker Mora Global
It is not always possible to trust the words of a brokerage firm. It is important to verify all promises and not risk large sums of money right away. Otherwise, instead of profit, you may face losses. In this review, we will look at the CFD broker Mora Global, which has received not the best reviews. Despite this, the company positions itself as a successful and reliable intermediary that has gained significant popularity. What does mora-global.com really represent? Let’s figure it out.
What facts have been learned about the company “Mora Global”?
The official website mora-global.com greets visitors with a loud call: “Cooperate with a licensed partner in the largest financial markets.” But is there evidence that “Mora Global” can really help achieve success? The site does not inspire trust. The design leaves much to be desired, and there is almost no specific information.
A check of the domain mora-global.com showed that the company started operating on March 15, 2020. Considering the short period of work in the financial market, “Mora Global” would not have had the opportunity to gain the trust of traders and achieve success.
According to assumptions, Mora Global obtained a license in Cyprus. However, there are serious doubts about the company’s registration there. The content on the broker’s official website is protected from copying, making it difficult to verify information. Nevertheless, we decided to check the specified license numbers:
- 466/37 – issued by the Cyprus Securities and Exchange Commission,
- 10/130/TS/18 – from the International Financial Services Commission (IFSC),
- C989989713 – from the Financial Services Commission of Mauritius.
It turned out that “Mora Global” is not listed in the registers of the specified regulators. The company simply took these numbers out of thin air and presented them to the public. This is a common practice for many scammers who rely on the naivety of users without financial experience.
Contact information for Mora Global
The website “Mora Global” provides the following contact information:
- main office address: 27-31, Poseidonos, 8042, Paphos Cyprus,
- phone number: +(357) 26 774622,
- e-mail: [email protected].
User reviews contain many complaints. Clients note insufficient support from the customer service, which does not strive to help solve complex issues but only shows interest after depositing funds.
Registration procedure on mora-global.com
Users are promised huge profits. However, the first step is to register on the website mora-global.com. The account creation process is standard and includes filling out the provided form, where you need to specify:
- name,
- surname,
- email address,
- phone number with international code,
- password to access the personal account,
- promo code.
By registering on the site, you automatically agree to the terms of the user agreement. It is important to carefully study the legal documents to avoid risks. Numerous negative reviews indicate risks associated with cooperation with Mora Global.
Trading conditions on mora-global.com
According to the false broker’s claims, its platform offers over 120 trading assets, and clients make up to 3.5 million financial transactions per day. However, this information sounds more like empty rhetoric created to attract newcomers.
Regarding the trading account conditions:
- “Basic”. The minimum entry threshold is $150, a leverage of 1:20 is offered,
- “Standard”. To open an account, a minimum of $1,000 is required, deposit insurance is provided, leverage of 1:500, trading with cryptocurrencies,
- “Premium”. To open an account, a minimum of $10,000 is required, deposit protection and round-the-clock support are provided.
Information on deposit/withdrawal methods is missing. According to traders’ feedback, depositing funds is not a problem, but withdrawing earned funds is almost impossible. To withdraw profits, you are asked to pay fake taxes and fees. Mora Global uses questionable methods to extract money from clients.
Client reviews about the CFD broker Mora Global
Reviews about this company indicate its short time in the market and have a negative tone. Considering the signs of fraud, it is difficult to predict how long the company will continue its operations. With the appearance of a large number of negative reviews, the project may be closed.
Detailed review of the scam scheme on mora-global.com
The pseudo-intermediary Mora Global uses a standard scam scheme typical of many other fake clone brokers. The company convinces traders of its reliability by offering fake statistics.
In addition, scammers promise to help newcomers in trading and persuade them to make a minimum deposit of $150. Using a fake trading platform fully controlled by Mora Global, fraudsters can easily simulate trading. Even if a client manages to earn, withdrawing the winnings will be impossible.
Under the pretext of various violations, scammers can block a client’s account. From traders’ reviews, it becomes clear that restoring justice is practically impossible. The faux CFD broker provides false contact information, lacks licenses for operations. The only correct step would be to promptly discontinue cooperation with Mora Global.
I had an extremely disappointing experience with the CFD broker Mora Global. The customer service was abysmal, with unresolved queries, delayed communication, and unhelpful responses. The platform was littered with technical glitches and unreliable data that significantly impacted my trading activities. The promised quick withdrawal was a myth; it was time-consuming and entangled with unclear procedures. Furthermore, they lack transparency in their fees structure, causing unexpected and exorbitant charges. I strongly advise you to reconsider if you think about investing with Mora Global. It’s absolutely not worth the headache or monetary risk.