FXMILLS
Abstract：Founded in 2023, FXMILLS, a Saint Lucia-registered forex broker, offers various trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Besides, FXMILLS offers three account types: Elite, Elite Plus, and VIP, with minimum deposits $100. However, it is not regulated.
Note: FXMILLS' official website: https://www.fxmills.com is currently inaccessible normal.
| FXMILLSReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Saint Lucia |
| Regulation | Not regulated |
| Market Instruments | Forex, commodities, indices, stocks, and cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.8 pips (Elite Account) |
| From 1.5 pips (Elite Plus account) | |
| From 0.5 pips (VIP account) | |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Contact form |
| Tel: +91 224 1703 098 | |
| Email: support@fxmills.com, info@fxmills.com | |
| Registered Address: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O Box 838, Castries, Saint Lucia | |
| Physical Address: Shop No 138, First Floor, Raghulela Mall, Behind Poisar Depot, Kandivali West, Mumbai-400067 | |
| Regional Restrictions | The United States, Cuba, Iraq, Myanmar, North Korea, and Sudan |
Founded in 2023, FXMILLS, a Saint Lucia-registered forex broker, offers various trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Besides, FXMILLS offers three account types: Elite, Elite Plus, and VIP, with minimum deposits $100. However, it is not regulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Newly established |
| Demo accounts | Not regulated |
| Multiple account types | Unclear payment methods |
| No commissions | Regional restrictions |
| Popular trading platform MT5 |
Is FXMILLS Legit?
No, FXMILLS is not regulated by any financial authorities. Traders should be cautious when trading.
What Can I Trade on FXMILLS?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
FXMILLS offers three account types: Elite Account, Elite Plus Account, and VIP Account.
| Account Type | Min Deposit |
| Elite | $100 |
| Elite Plus | $500 |
| VIP | $10,000 |
Leverage
FXMILLS's leverage is up to 1:500 for all account types. High leverage always comes with high profits and high losses.
Spread and Commission
| Account Type | Spread | Commission |
| Elite | From 1.8 pips | ❌ |
| Elite Plus | From 1.5 pips | ❌ |
| VIP | From 0.5 pips | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, Desktop, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
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