Morpher Review and Opinions 2022 Is it a Legit Broker?

Morpher is one of the first commission-free trading platforms that works through its own token system. Although it appeared in 2018, everything indicates that it will become one of the most used brokers in the years to come.

In this article I will tell you what your project is about, how the platform works, what assets you can invest in and, of course, how to do it.

What is Morpher?

Morpher is a cutting-edge trading platform that harnesses the power of cryptocurrencies to solve the biggest problems investors face every day. According to company CEO Martin Froehler, here are a few:

1. All intermediaries between you and the platform are eliminated. In this way, they can offer their users an alternative to operate without commissions.
2. You have access to all kinds of products, no matter how much money you have or how much you can invest. Thus, Morpher is able to democratize some of the financial instruments usually reserved for large companies.
3. It creates a free and versatile market where you can trade in any direction, at any time of the day and any day of the year.
4. It allows you to trade with fractional assets, i.e. you don't need to buy a full share, for example, from Amazon.

And yeah, I know right now you're wondering how they get it all, right?

To do this, Morpher created its own token, Morpher(MPH), which runs on the Ethereum blockchain. In this sense, Morpher functions as its own central bank, being able to create and destroy its own currency, the MPH.

This way, they can create a market with infinite liquidity where you don't need a counterparty to operate, but all trades are done instantly.

But if Morpher doesn't charge its users a fee, how do they make money? MPH tokens are based on the Ethereum network, and each action you perform within the platform (purchases and sales) generates a smart contract. With each small contract or smart contract, a series of tokens are generated that the platform can sell in exchange for money.

Security Is it reliable?

Before you start using a platform where you are going to operate with real money, it is essential to make sure that it is a safe place. To begin with, it should be noted that Morpher is owned by Morpher Labs GmbH, a company located in Vienna, Austria.

As such, Morpher is a company that respects Austrian laws and has all the necessary licenses to operate in the European and global market as an investment platform. Also, when you invest in Morpher, you are not buying shares or cryptocurrencies from another user, but all transactions remain within the platform and are encrypted with smart contracts (ERC20) within the Ethereum blockchain.

Therefore, and although there are no special regulations for companies like Morpher, we can say that it is a secure platform and that it complies with all the security protocols that we can expect it.

Is it a trap?

You are probably also wondering if this is a legit platform and if in the next few years we will see any scandals related to alleged scams committed by the company. As you can imagine, these days it's impossible to know, although we can take a look at the facts:

• The first thing that strikes is that the founders Martin Froehler and Denis Bykos are not hiding. Instead, they're fairly respected public figures who don't try to hide their intentions or plans.
• Morpher operates under license from european financial market authorities, so he passed the most complicated and thorough examinations possible.
• The company is supported by Draper Associates, a venture capital firm known for investing in companies and projects such as Coinbase, Ledger, Robinhood, DocuSign, Spacex, Tesla, Tezos, Twitch, and Skype, among others. Therefore, we can say with certainty that large companies trust it.

Customer Service

Besides security, one of the things I value the most in an investment platform is the quality of its customer service system. So I know that if at any time I have a problem I will have a whole team that will support me and work to solve it.

If you want to access Morpher's help center, just click on the link in the footer of its website that says "Help Center."

In their help center, you have 3 options:

1. Use the search engine to find articles related to your search.
2. Access some of the Most read articles listed under the search engine.
3. Select one of the categories that you will find at the bottom of the screen. This will open a list with all articles related to that category.

If none of these alternatives solved your problem, you can always send them a message or chat with them live. In the footer of the help center you will find 2 links; one of them to open a live chat and the second to open the email.

Additionally, Morpher has a community where you can create threads and reply to those of other users who have questions. To access it, you'll find a comment-like icon next to social media in the footer.

To all the alternatives exposed in the help center, we must add Morpher's social networks, through which you can get in touch with them to clarify doubts or keep up to date with their latest advances:

1. Twitter: https://twitter.com/morpher_io
   1. To find out about new companies and cryptos that are listed on the platform and any interesting articles and accounts if you are an investor.
2. GitHub: https://github.com/Morpher-io
   1. Perfect if you're a programmer and want to know the ins and outs of Morpher.
3. LinkedIn: https://www.linkedin.com/company/morpher/
4. Telegram: https://t.me/morpher_io
   1. In Telegram they warn about the latest news on the platform and issues such as the date of the next web maintenance.

Do you have phone service?

No, Morpher does not have an official phone number that you can call as a customer to resolve your incidents.

Is there a live chat service?

Yes, you can access it from the Help Center.

How to register?

Creating an account on Morpher is very simple. If you want to do that, just follow these steps:

1. Access the registration form on the Morpher site by clicking on “Get Started”.
2. Connect your crypto wallet with Morpher. Currently, only Fortmatic and Metamask are available. If you don't have any, you can create an account and return here or click 'Create Wallet' which will open a Fortmatic account.
3. Once you have created or connected your wallet, you will enter the Morpher platform and receive 100 MPH.

Ready! With this, your account will be created and ready to go with the MPH you just received. Personally, I recommend that you access the configuration section to verify your account and be able to access all Morpher services.

To upgrade your account to Tier 2, you will need to verify your identity using your ID card and personal video. And to go up to level 3, you will only have to make a deposit.

Products – Markets

Morpher is a very versatile platform that allows you to invest in a wide variety of financial products. This way you can unify all your investments in one interface. Here are the products you can choose from:

Actions

In Morpher you can find a lot of actions. Specifically, its stock offering amounts to more than 500 companies, from the best known like Amazon or MercadoLibre to others like Sundial or Carnival.

Crypto-currencies

Within Morpher, you have the opportunity to invest in the main cryptocurrencies and alt coins of the moment; Bitcoin(BTC), Ethereum(ETH), Tron(TRX), VeChain(VET), Cardano(ADA)…

Commodities

The supply of raw materials or raw materials of morphers is not very high, since it only allows you to invest in gold and silver. However, they represent a great opportunity to diversify the portfolio a little more.

Forex

If we talk about Forex, you should know that in Morpher you will find the main currency pairs, although it is not a broker specialized in this area, so you may miss one if you trade on this Marlet.

Index

Morpher covers the 3 major US indices: S&P 500, Nasdaq and Dow Jones. This way you can invest in any of them and passively get the same return as the US market.

High availability

One of the things I liked the most about Morpher is that the platform is very simple. You don't need previous experience to figure out how to get around there to find everything you need.

Here are its main sections:

• Home: on the home page you will find a small summary with the performance of the assets you have on your list monitoring, the most relevant movements of your portfolio and the performance of some of the most profitable users of the platform.
• Markets – In the left menu, you will see a section called “Markets”. These are the main financial products in which you can invest. To do this, you just need to follow these steps:
  1. Click on the category in which you wish to invest. If you prefer, you can use the permanently visible search engine at the top of the web.
  2. Select the asset and click on the name.
  3. Change your order to buy (long order) or sell (short order).
• Account: in this section of the menu, you will be in charge of managing your account, from deposits and withdrawals to verifying the account to level up and be able to access all the features of the platform.

Final Notices

As you have seen, Morpher is one of the newest and most promising trading platforms in recent years, and although it is not yet widespread, I personally think that we will hear a lot about it at the future.

I really liked the general idea of ​​Morpher, which is none other than to facilitate and democratize investment, whether in stocks or in crypto-currencies. And it seems that I was not the only one to like them, because as I already mentioned, the firm Draper invested in them.

Also, I found it to be quite a simple and easy to use platform. I never felt lost and that's thanks to the fact that the design is very clean without too many buttons or options to mess around with.

However, I would have liked to see that more wallets could be connected, like Coinbase Wallet or Trust Wallet among others. But I have no doubt that little by little they will implement these improvements.

More information on website.