Score

1.52 /10
Danger

Millennium

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Millennium · Company summary

General Information & Regulation

Millennium, a trading name of Millennium Stock Broking Pvt. Ltd., presents itself as a multi-strategy stock brokerage and proprietary trading firm that provides its clients with a diverse range of services. Here is the home page of this brokers official site:

homepage

As for regulation, it has been verified that Millennium does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.42/10. Please be aware of the risk.

regulation

Negative Reviews

A trader shared his terrible trading experience in the Millennium platform at WikiFX. He said he was deceived and was unable to withdraw funds from the Millennium. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

reviews

Services

Millennium advertises that it offers a diverse range of services, which include trading services across all asset classes of equities, equity derivatives, currency derivatives and commodity derivatives, as well as algorithm trading and quantitative research services.

services

Customer Support

Millenniums customer support can be reached by telephone: +91 33 4023 4343, Fax: +91 33 4023 4311, email: info@msbpl.in or fill in Contact Form to get in touch. Company address: Martin Burn House, 3rd Floor, Room No. 317, 1 R N Mukherjee Road, Kolkata-700001.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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