Abstract:Millenium One is an offshore broker registered in Saint Vincent and the Grenadines, giving their clients access to a series of trading instruments, including Forex, Commodities, Stocks, Indices, CFD. With the Millenium One platform, investors are given the flexibility to choose from three types of trading accounts, Standard, Premium, and VIP accounts, with the minimum deposit to get started not disclosed. Tradero is an online broker registered in Saint Vincent and the Grenadines, and it is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.08/10. Please be aware of the risk.
Basic | Information |
Registered Countries | Saint Vincent and the Grenadines |
Regulation | No License |
Minimum Deposit | $250 |
Maximum Leverage | 1:30 ( can be raised depending on ability to invest) |
Minimum Spread | From 1.4 pips on the VIP accounts |
Trading Platform | MT4,Webtrader, Mobile Trader |
Trading Assets | Forex, Commodities, Stocks, Indices, CFD |
Demo Account | Available |
Payment Methods | N/A |
Customer Support | Email, Phone, Online Chat |
General Information
Millenium One is an offshore broker registered in Saint Vincent and the Grenadines, giving their clients access to a series of trading instruments, including Forex, Commodities, Stocks, Indices, CFD. With the Millenium One platform, investors are given the flexibility to choose from three types of trading accounts, Standard, Premium, and VIP accounts, with the minimum deposit to get started not disclosed.
Tradero is an online broker registered in Saint Vincent and the Grenadines, and it is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.08/10. Please be aware of the risk.
Market Instruments
A total of five classes of trading instruments are provided for clients who want to release their potential in the trading world. Forex, Commodities, Indices, Stocks, as well as CFDs are available through the brokerage platform.
Account Types
Standard, Premium and VIP accounts are available options for both retail and professional clients.
The account base currencies are available in EUR, and GBP. Dedicated account manager is available in 5/24, with support department transaction hotline available.
Spreads & Commissions
Trading accounts specifies spreads and commissions. Floating spreads are provided with the Standard and Premium trading accounts, and the spreads from the VIP accounts starts from 1.4 pips. As for commissions charged, the Standard account charges commissions while the Premium and VIP account offers a zero-commission trading environment.
Leverage
When it comes to leverage, Millenium One provides its customers with access to 1:30, and for experienced and professional traders who want to experience traders, trading leverage can be raised depending on ability to invest.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
Millenium One provides access to the industry leading MT4 trading platform, which is one of the most reliable and popular trading platform. The MT4 provides essential tools and resources needed for successful online trading performance. Millenium One is supported by Windows, Mac OS, iPhone/iPad, Android and any internet browser.
Customer Support
If clients have any inquiry or trading-related issues, they can get in touch with this broker through the following contact channels:
Telephone: support@milleniumone.net
Email: +442045252519
Company Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Pros | Cons |
MT4 trading platform supported | No regulation |
No clear information on deposits & withdrawals | |
Limited selection of trading assets | |
Conservative leverage |
Frequently Asked Questions
What are the trading Hours?
You can trade 24 hours a day, starting at 00:00 Monday and closing at 24:00 Friday (Server time). Please note that the server time is GMT +2 (GMT +3 applies during daylight saving/summertime).
What is the lowest volume can I trade?
The lowest volume that can be used depends on the clients type of account, but it starts from 0.01 lots/volume.
What trading platform does Millenium One offer?
Millenium One provides the access to the industry leading MT4 trading platform.
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