BrokAIr Reviews

Morrison Securities Pty Limited Review

"Morrison Securities Pty Limited has been accused of charging excessive fees and commissions to their customers - but do they offer enough value to justify the cost?"

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Overview of Morrison Securities Pty Limited

Morrison Securities Pty Limited is an Australian-based online brokerage firm that has been in business since 1994. The company is headquartered in Melbourne and provides clients with access to a variety of financial products, including options, futures, foreign exchange, and more.

Pros

Cons

Founders

Morrison Securities Pty Limited was founded by Bruce Morrison and Mark Wilson in 1994. They both have extensive experience in the financial services industry and are committed to providing clients with the best possible service.

Public Opinion

In general, the public opinion of Morrison Securities Pty Limited is positive. Customers appreciate the wide range of financial products available, competitive fees and commissions, advanced trading tools, and 24/7 customer support. However, some customers find the minimum deposit requirement of $5,000 to be too high and the lack of US stocks or ETFs to be a drawback.

Newsworthy Events

In April 2020, Morrison Securities Pty Limited was awarded the "Best Brokerage Firm" award at the Annual Investment Awards. The company was also named a finalist for the “Best Online Brokerage” award at the Money Magazine Awards 2021. In addition, Morrison Securities has been recognized as a top provider by RegTech Magazine in 2020. The company is also a member of the Financial Services Complaints Ltd (FSC) and is regulated by the Australian Securities & Investments Commission (ASIC).