Mike Morgan Loans has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +27-71840-8007, +447012977776
Addresses: South Africa Office Office 39 4th Floor Mandela Building Complex Sandton Gauteng South Africa; UK Office 854 Chester Rd Manchester M32 0QJ United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mmloans.com.
I opened an account with Mike Morgan Loans for roughly four months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Portfolio tracking tools|Regular platform improvements
Cons: Desktop app not available on Linux|Help articles are sometimes vague
The platform itself is okay, but the customer service at Mike Morgan Loans is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Tax reports included|Professional team|Wide product range|Dividend tracking
Cons: No dark mode on mobile
My withdrawal request from Mike Morgan Loans has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Automated trading options|Competitive fees
Cons: Search feature is basic|Desktop app not available on Linux
Mike Morgan Loans has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: No hidden fees|Detailed reporting|Instant funding|Smooth onboarding
Cons: Limited demo account features
The platform at Mike Morgan Loans is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Helpful community forum|Market news feed|Clear documentation|Fast support response
Cons: Minor UI glitches occasionally
The hidden fees at Mike Morgan Loans are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: No hidden fees|Clean UI|Regular updates
Cons: Live chat only during business hours
Customer support at Mike Morgan Loans seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Educational resources|Segregated accounts
Cons: Onboarding videos are outdated|Minimum deposit could be lower