WikiFX

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In my experience as a trader focused on due diligence, Morrison presents itself as a fairly established and regulated entity, which is important for assessing legitimacy. Operating for over twenty years under the regulation of the Australian Securities and Investments Commission (ASIC), Morrison Securities holds an official license (No. 241737) and connects directly to reputable exchanges like ASX and Cboe Australia. This kind of regulatory oversight tends to reduce certain operational risks that concern many professionals in the trading community. From a practical standpoint, what stands out to me is Morrison’s business model as a Straight Through Processing (STP) broker. This generally means client orders are sent directly to the market, which can add transparency to trade execution—a characteristic I value highly. Their suite of platforms, including proprietary and industry-standard tools like Bloomberg Terminal and Iress, supports legitimate operations for active and professional traders. However, it’s worth noting that Morrison does not offer forex, indices, or commodities, focusing instead on shares, ETFs, and listed investment products. I am always cautious about any broker flagged for “suspicious scope of business” or “medium potential risk,” even if these flags aren’t accompanied by direct evidence of malpractice. Ultimately, while regulatory status and longevity work in Morrison’s favor, I believe any potential client should review their full fee structure and business scope carefully before deciding. For me, Morrison meets fundamental legitimacy criteria, but prudent caution is always warranted in financial decisions that impact personal wealth.