Are you tired of traditional trading platforms that require large amounts of capital and complex procedures?
Then check out Morpher, a virtual futures trading platform that lets you invest in any market without owning the underlying assets.
In this in-depth review, we’ll take a closer look at how Morpher works, its unique features, and its overall effectiveness as a trading platform.
So let’s dive into the world of Morpher and see what it has to offer.
What is Morpher
Morpher is the first-of-a-kind virtual futures trading platform offering round-the-clock (24/7) trading of cryptocurrencies and various financial instruments with zero fees and infinite liquidity.
That means, you can trade any market, at any time, and in any direction; giving you advantages that aren’t possible within regular crypto trading and traditional markets.
Morpher was founded by Martin Froehler and Denis Bykov in April 2018 and is backed by Tim Draper (American Venture Capitalist) who is the main investor through his venture capital firm Draper Associates.
It’s also part of the StartX accelerator and Stanford Venture Studio out of the Stanford Business School programs.
The company’s based in Vienna, Austria; and operates under EU laws.
How Does Morpher Work?
Unlike regular cryptocurrency and traditional stock exchanges, Morpher is not really an exchange, market maker, or brokerage firm.
It is an interface or platform where users place trades by interacting directly with a virtual future.
Users place trades directly with the smart contract and if you win a trade you earn more Morpher tokens, but if you lose, the tokens are burned.
It’s an Ethereum-based blockchain protocol that accepts and processes all orders instantly and automatically with no need for order matching.
Morpher allows you to open and close your trade positions instantly and automatically, without the need to find a counterparty or intermediary for that trade.
More so, your account balances in Morpher will be denominated in Morpher tokens (an Ethereum-based ERC-20 cryptocurrency), thus subject to price fluctuations based on market movements.
As a result, one could still make losses even if your price predictions are correct if the price of the Morpher tokens should drop as is usual with all cryptocurrencies.
In the video below, Martin Froehler, the CEO of the company, provides a detailed explanation of how the Morpher protocol works and what sets it apart from other platforms.
What are virtual futures?
Virtual futures refer to contracts that allow traders to speculate on the future price of a specific asset, such as a commodity, currency, or stock index, without actually owning the underlying asset.
The prices of virtual futures can be derived from stocks, currencies, commodities, indices, cryptocurrencies, ETFs, as well as other alternative investment assets.
And unlike actual futures, virtual futures do not expire, meaning they can track their underlying markets in perpetuity.
Morpher’s virtual futures are synthetic instruments built on the Ethereum blockchain that enables users to trade the various markets with no limitations.
They allow users to trade stocks and the forex market in real-time, including on weekends and nights, on Morpher even when the traditional markets are closed.
However, Morpher’s virtual futures do not provide ownership of the underlying markets that they emulate. They’re not tradable, transferable, or standardised investment assets and do not represent a share, ownership, or other claims with respect to an investment undertaking of the underlying market.
Furthermore, virtual futures are not based on a contractual relationship and are not classified as derivatives, CFDs, securities, or other financial instruments under MiFID II and the Austrian Securities Supervision Act.
They are not options, futures, swaps, or forward rate agreements, and there is no obligation for future performance at a certain or designated future date.
Morpher Deposits and Withdrawals
Morpher offers seamless deposit and withdrawal options, making it easy for you to manage your funds on the platform.
You can deposit funds into your Morpher account using various cryptocurrencies or fiat currencies.
Fiat deposits can be made through Advcash and Paypal, with fees ranging from 3% to 5% of the total deposit amount.
On the other hand, cryptocurrency deposits can be made on three different blockchains such as Polygon, BNB Smart Chain, and Ethereum.
You can enjoy zero fees and automatic conversions when funding with BNB, MATIC, or USDT.
Also, the deposit process is straightforward, as users need only send their crypto to a unique wallet address and their funds will be available for trading immediately.
Furthermore, Morpher has made significant improvements to its withdrawal process since 2022.
You can now withdraw funds directly to your personal Polygon or Ethereum wallet addresses, which makes the process even faster and cheaper.
Withdrawing on the Polygon blockchain incurs a flat fee of 100 MPH, while on Ethereum, the fees vary according to the gas fees.
Morpher’s recent improvements have made trading on their platform more convenient and user-friendly. With these new changes, it’s no surprise that Morpher continues to attract traders looking for an efficient and cost-effective trading experience.
How To Sign Up on Morpher?
To open your account and make your first trade on Morpher, follow the steps below.
- First, visit the platform’s website and click on the “Get Started” button located at the top right-hand corner of the screen. Upon signing up, a non-custodial wallet will be automatically created for you, which can be used to trade various assets on the platform. This ensures that you have full control over your funds and reduces the risk of unauthorised access to your account.
- Complete the KYC process, it only takes 5-10 minutes. (If you get stuck in the process, contact support, who will swiftly help you out).
- Click on “Funds” and Deposit some money
That’s it. Now, you’re all set and ready to start trading!
Trading on Morpher
Below is an example of two trades.
The first is a “Buy” order for the Bored Ape Yacht Club NFT project without leverage. The second is a “Sell” order for the Solana (SOL) coin with a 10x leverage.
As you can see, you can trade any market in any direction and Morpher also provides a great user experience with its “Basic” and “Advanced” trading views for beginners and advanced traders.
NOTE: Currently, Morpher does not support all countries as they’re still awaiting regulatory approvals from some countries. Click HERE for an updated list of unsupported countries.
How is Morpher Different from Other Futures Trading Platforms?
Almost all the major exchanges have a futures trading platform where you can go short or long on any cryptocurrency that’s available to be traded.
Do we really need just another futures trading platform –NO!
The Morpher crypto trading platform offers much more than that. That is also why they have an “Excellent” rating on Trustpilot with a bunch of great reviews, which is very rare for a trading platform.
Here’re a few highlights of Morpher’s key differentiators
- Aside from Cryptocurrency, you can trade other financial instruments such as stocks, commodities and many unique markets. The amount of instruments you can trade on Morpher is massive. I do not know any other platform that offers so many different instruments.
- You are the custodian of your own funds; Morpher does not safeguard or hold any private cryptographic keys to your funds, including wallets that hold Morpher Crypto Tokens. You retain complete control of your private keys even as you interact with the Morpher blockchain protocols.
- Traditional markets have closing times and are off during weekends but not Morpher. Trade your favourite instruments 24/7 during weekdays, weekends and holidays.
- Morpher enables you to invest from as little as $1 in any stock or Company shares to as much as you can afford. No minimum requirements, so everyone can participate based on their preferences and financial strength.
- Go short or long on any of the products available for trading with infinite liquidity and zero fees. The exchange does not charge users any fees to trade or use the platform. More so, your trades do not incur slippage or fees from market movements.
Summary of Morpher trading review
Morpher rebuilt the financial markets from the ground up on the Ethereum Blockchain.
The result is a platform without counterparties or middlemen. You can access your favourite markets just by interfacing your Ethereum wallet with the exchange and trading directly with a smart contract.
Thus, bypassing the geographical barriers and limitations imposed by legal requirements.
More importantly, the smart contract is not betting against the trader either.
Some of the immediate benefits of using Morpher are the ability to invest any amount in any market. For example, you don’t need to worry about the price of a share of stock or 1 ounce of gold as you can buy just $1 worth if you want.
Furthermore, you can trade both cryptocurrencies and the traditional stock markets 24/7, all year long without closing hours, weekend breaks, or holidays.
Go long or short on any instrument and make money in all market conditions any day of the week.
More so, the democratisation of trading and investing – bringing global stocks, commodities, and forex to users around the world, is arguably the most important feature of the Morpher platform.
Morpher’s aim is to bring high-quality trading and investing, accessible to users all around the world, especially to countries where assets like US stocks have historically been hard to access.
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