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Millennium FX -

Score

1.54 /10
Danger

Millennium FX

Marshall Islands

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://mlnfx.com

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Score

Regulatory Index0.00

Business Index7.22

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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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

open now

Regulatory disclosure

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Danger

AU ASIC
2023-09-26
Millennium-FX ASIC advises this company could be involved in a scam
Millennium FX

Danger

AU ASIC
2023-02-23
South Beach Technologies Limited ASIC advises this company could be involved in a scam
Millennium FX

Warning

SG MAS
2019-05-30
Investor Alert List
Millennium FX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Millennium FX · Company summary

General Information & Regulation

Millennium FX (domain name mlnfx.com) is a Forex and CFD broker and is currently not subject to any active regulation.

Market Instruments

Investors can trade a range of financial assets on the MlnFX platform, including Forex currency pairs, cryptocurrencies, stock indices, commodities, and even stock CFDs.

Minimum Deposit

There are four different trading accounts on the MlnFX platform, Beginner account (minimum deposit of $250), Silver account (minimum deposit of $5,000), Gold account (minimum deposit of $25,000), and Diamond account (upon request).

Millennium FX Leverage

The maximum leverage level available offered by Millennium FX is up to 1:100. Professsional traders may hold that this leverage is a little bit conservative, however , inexperienced traders are not advised to use high trading leverage in case of heavy fund losses.

Spreads & Commissions

The minimum spreads for Millennium FX accounts start from 1.2 pips for the Beginner account, 1.0 pips for the Silver account, and 0.8 pips for the Gold account, while information on spreads for the Diamond account is not available.

Trading Platform

Millennium FX offers traders the most popular MT4 trading platform on the market today. MT4 trading platform is the industry leader in Forex trading with powerful charting tools and a user-friendly trading interface, available for mobile app and web versions.

Deposit & Withdrawal

Millennium FX supports traders to withdraw and deposit funds to their investment accounts by wire transfer, credit card, Skrill, Neteller, WebMoney, POLi, etc.

User Reviews

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User comment

3

Comments

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FX1567746313
more than one year
The platform's outdated interface and occasional order execution delays were notable drawbacks. Customer support, while responsive, fell short in addressing concerns. The limited range of trading instruments also left much to be desired.
The platform's outdated interface and occasional order execution delays were notable drawbacks. Customer support, while responsive, fell short in addressing concerns. The limited range of trading instruments also left much to be desired.
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2023-12-20 23:16
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LICAN
more than one year
All my money including bonus and principal are taken. Millennium FX is a perfect crime. Yes, there is no doubt that this broker is a scammer. Beware!
All my money including bonus and principal are taken. Millennium FX is a perfect crime. Yes, there is no doubt that this broker is a scammer. Beware!
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2023-03-01 09:38
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