Score

4.82 /10
Average

Milton Prime

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

C

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Score

Regulatory Index3.92

Business Index6.78

Risk Management Index8.22

Software Index4.00

License Index3.92

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Milton Global Ltd

Company Abbreviation

Milton Prime

Platform registered country and region

Seychelles

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The Seychelles FSA regulation with license number: SD040 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Milton Prime · Company summary

General Information & Regulation

Milton Prime, a trading name of Holiway Global Ltd, is allegedly a suspicious clone forex and CFD broker registered in Seychelles that claims to provide its clients with a variety of tradable assets with flexible leverage up to 1:500 and variable spreads from 0.8 points on the industry-standard MetaTrader4 trading platform, as well as copy trading service.

Market Instruments

Milton Prime advertises that it mainly offers access to forex and CFDs on stocks, indices, commodities and cryptocurrencies.

Market

Account Types

Milton Prime offers free demo accounts, as well as live and PAMM accounts. The minimum initial deposit requirement to open an account is not available in the absence of a login.

Leverage

Milton Prime offers flexible leverage ranging from 1:30 to 1:500. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Milton Prime claims that different trading assets have quite different spreads. For example, the spread on the benchmark EUR/USD pair is 0.8 points, on the EUR/JPY pair is 1.5 points, while the APPLE and crude oil have a spread of 15 points. All charging no commissions.

Trading Platform Available

The platform available for trading at Milton Prime is the MetaTrader4 Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Milton Prime says to work with numerous means of deposit and withdrawal choices, consisting of bank transfers, Skrill, Neteller and cryptocurrencies of Litecoin and Bitcoin. The minimum deposit is $300 and $500 for alternative payment methods and wire transfers respectively.

All deposits are free. Withdrawals with Skrill, Neteller and cryptocurrencies are free, while for withdrawals with bank transfers, one free withdrawal above $1,000 a month and every second withdrawal/month charge is $80.

As for the processing time of deposit and withdrawal requests, deposits or withdrawals via bank transfers require 1 working day to process; deposits withdrawals via Skrill and Neteller are instant; deposits via Bitcoin require about 45 minutes while via USDT are about 15 minutes; withdrawals with Bitcoin takes about 4 hours while with USDT require about 45 minutes.

Deposit

Bonuses & Fees

Milton Prime also charges all kinds of fees, which includes an inactivity fee of 10-35% after 30 days with no active trades running, a management fee of 1%, as well as trading fees.

Bonuses

Customer Support

You can also follow Milton Prime on some social media platforms such as Twitter, Facebook and LinkedIn. Registered office: CT House, Office 9D, Providence, Mahé, Seychelles. However, this broker doesnt disclose other more direct contact information like telephone numbers or email that most brokers offer.

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张艳威
more than one year
The so-called regulatory license of Milton Prime is a cloned one. But I have to say that the various information displayed on the website is very attractive. Fortunately, no one has been deceived so far!
The so-called regulatory license of Milton Prime is a cloned one. But I have to say that the various information displayed on the website is very attractive. Fortunately, no one has been deceived so far!
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2023-02-20 18:46
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