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Millbank FX -

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Score

5.05 /10

Average

Millbank FX

Item: Millbank FX
Rating: 5.05

United Kingdom

5-10 years

Regulated in United Kingdom

Payment License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://millbankfx.com

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Exposure

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Website

Score

Regulatory Index6.32

Business Index6.88

Risk Management Index0.00

Software Index5.69

License Index5.50

Open Account

Website

Licenses

FCA Exceeded

Payment License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

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Broker Information

Company Name

MILLBANK FX LIMITED

Company Abbreviation

Millbank FX

Platform registered country and region

United Kingdom

Company website

https://millbankfx.com

https://twitter.com/millbankfx

https://www.linkedin.com/company/millbankfx/

Company summary

Pyramid scheme complaint

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Millbank FX · Company summary

Millbank FX Review Summary
Founded	2016
Registered Country/Region	United Kindom
Regulation	Exceeded(FCA)
Services	FX Risk Management, International Payments, Multi-Currency Accounts, FX Market Analysis, Institutional FX Rates
Demo Account	❌
Exchange rates	Institutional-grade rates(1.2003 for GBP to EUR conversions)
Customer Support	Email: support@millbankfx.com,
	Phone: +44 (0) 203 889 8840
	24/7 live chat: yes
	Physical Address: 46 Gresham Street, London, EC2V 7AY

Millbank FX Information

Payment institution Millbank FX provides customised FX solutions to companies all around the world. The business offers international payments, institutional FX rate access, and currency risk management. Having knowledge in 22 different fields, Millbank FX handles over 80 currencies and makes payments to 120+ countries, guaranteeing safe and reasonably priced transactions for businesses all around.

Pros and Cons

Pros	Cons
Access to 80+ currencies in 120+ countries	No demo account available for practice
2 accounts for corporate and private clients	Exceeded license
Receive payments in 38 currencies

Is Millbank Legit or not?

Millbank has an exceeded license provided by FCA.

Regulatory Agency	Financial Conduct Authority (FCA)
Current Status	Exceeded
License Type	Payment License
Regulated By	United Kingdom
License No.	787366
Licensed Institution	MILLBANK FX LIMITED
Effective Date	2018/2/8

What Service Does Millbank FX Provide?

Emphasizing currency management and foreign payments, Millbank FX specializes in services catered to companies and individuals.

Service Type	Supported
Currency Risk Management	✔
International Payments	✔
Multi-Currency Accounts	✔
FX Market Analysis	✔
Institutional FX Rates	✔
Market Orders & Stop Losses	✔

Currency Risk Management: offers specifically designed hedging techniques to reduce volatility in exchange rates and safeguard profit margins.
International Payments: provides priced worldwide transactions in more than 80 currencies spread across more than 120 countries.
Multi-Currency Account: provides centralized solutions for handling of 38 currencies, therefore lightening administrative tasks.
Institutional FX Rates: gives wholesale FX rates access, reducing transaction costs for either regular or high-value transactions.
Market Orders & Stop Losses: provides some insurance against negative market fluctuations and targets aimed at particular currency rates.
FX Market Analysis: Provides real-time insights and thorough data to back up decisions.

Account Types

Millbank FX offers two types of accounts: corporate and private.

Corporate	Designed for businesses requiring high-volume FX transactions
Private	Tailored for individual clients managing personal FX needs

Millbank FX Fees

With institutional-grade exchange rates, including 1.2003 for GBP to EUR conversions, Millbank FX generates a recipient amount of €600,150 for £500,000.

Fee Type	Details
Exchange Rate	Example: 1.2003 (GBP to EUR conversion)
Recipient Gets	€600,150 for £500,000

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WikiFX Risk Alerts 2

Previous Detection : 2025-01-22

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

This broker exceeds the business scope regulated by United Kingdom FCA(license number: 787366)Payment services Non-Forex License. Please be aware of the risk!

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Millbank FX

United Kingdom

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Millbank FX · Company summary

Millbank FX Review Summary
Founded	2016
Registered Country/Region	United Kindom
Regulation	Exceeded(FCA)
Services	FX Risk Management, International Payments, Multi-Currency Accounts, FX Market Analysis, Institutional FX Rates
Demo Account	❌
Exchange rates	Institutional-grade rates(1.2003 for GBP to EUR conversions)
Customer Support	Email: support@millbankfx.com,
	Phone: +44 (0) 203 889 8840
	24/7 live chat: yes
	Physical Address: 46 Gresham Street, London, EC2V 7AY

Millbank FX Information

Pros and Cons

Pros	Cons
Access to 80+ currencies in 120+ countries	No demo account available for practice
2 accounts for corporate and private clients	Exceeded license
Receive payments in 38 currencies

Is Millbank Legit or not?

Millbank has an exceeded license provided by FCA.

Regulatory Agency	Financial Conduct Authority (FCA)
Current Status	Exceeded
License Type	Payment License
Regulated By	United Kingdom
License No.	787366
Licensed Institution	MILLBANK FX LIMITED
Effective Date	2018/2/8

What Service Does Millbank FX Provide?

Emphasizing currency management and foreign payments, Millbank FX specializes in services catered to companies and individuals.

Service Type	Supported
Currency Risk Management	✔
International Payments	✔
Multi-Currency Accounts	✔
FX Market Analysis	✔
Institutional FX Rates	✔
Market Orders & Stop Losses	✔

Currency Risk Management: offers specifically designed hedging techniques to reduce volatility in exchange rates and safeguard profit margins.
International Payments: provides priced worldwide transactions in more than 80 currencies spread across more than 120 countries.
Multi-Currency Account: provides centralized solutions for handling of 38 currencies, therefore lightening administrative tasks.
Institutional FX Rates: gives wholesale FX rates access, reducing transaction costs for either regular or high-value transactions.
Market Orders & Stop Losses: provides some insurance against negative market fluctuations and targets aimed at particular currency rates.
FX Market Analysis: Provides real-time insights and thorough data to back up decisions.

Account Types

Millbank FX offers two types of accounts: corporate and private.

Corporate	Designed for businesses requiring high-volume FX transactions
Private	Tailored for individual clients managing personal FX needs

Millbank FX Fees

With institutional-grade exchange rates, including 1.2003 for GBP to EUR conversions, Millbank FX generates a recipient amount of €600,150 for £500,000.

Fee Type	Details
Exchange Rate	Example: 1.2003 (GBP to EUR conversion)
Recipient Gets	€600,150 for £500,000

User Reviews

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Diem Chau

more than one year

Amazing team! Nice and supportive conversation with my account manager, she always motivates me! Millbank FX is exactly what I was looking for. Keep it up!

Translate to English

2022-12-20 10:37

FX1116244322

more than one year

If you want to lose your money, just invest in this platform. I received more than 10 calls from this company’s agents, asking me to open an account, depositing…

Translate to English

2022-12-08 14:06