FX Millennium Review - Is This Broker Legit and Safe? - WikiFX

WikiFX | 2025-04-27 13:52

Resumo：FX Millennium was registered in 2021 in Mauritius, which offers trading services on stocks, forex, energies, cryptos, indices, metals, and commodities. It provides four types of account, with a minimum deposit of $250 and a maximum leverage of 1:500. However, this company is not regulated, and it does not provide services to certain regions.

FX MillenniumReview Summary
Founded	2021
Registered Country/Region	Mauritius
Regulation	No regulation
Market Instruments	Stocks, forex, energies, cryptos, indices, metals, commodities
Demo Account	❌
Leverage	Up to 1:500
Spread	From 0 pips
Trading Platform	MT5, web trader, mobile trader
Minimum Deposit	$250
Bonus	✅
Customer Support	Live chat, contact form
Customer Support	Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn
Regional Restrictions	The USA, Belgium, Iran, Canada and North Korea

FX Millennium was registered in 2021 in Mauritius, which offers trading services on stocks, forex, energies, cryptos, indices, metals, and commodities. It provides four types of account, with a minimum deposit of $250 and a maximum leverage of 1:500. However, this company is not regulated, and it does not provide services to certain regions.

Pros and Cons

Pros	Cons
Diverse tradable assets	Lack of regulation
Tight spreads	No demo accounts
MT5 supported	Regional restrictions
Live chat support
Various account choices
Account bonus offered
Popular payment options

Is FX Millennium Legit?

No, FX Millennium is not regulated by financial regulatory authorities in Mauritius, which means the company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on FX Millennium?

FX Millennium provides a number of products, including stocks, forex, energies, cryptos, indices, metals, and commodities.

Tradable Instruments	Supported
Forex	✔
Energies	✔
Metals	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌
Futures	❌

Account Type

FX Millennium offers four types of accounts: Entry, Standard, Premium, and VIP Account. However, it does not mention whether a demo account is available or not.

Account Type	Minimum Deposit	Maximum Leverage	Spread	Commission	Bonus
Entry	$250	1:500	From 1.5 pips	❌	Up to 30%
Standard	$2,500	1:500	From 1.2 pips	❌	Up to 50%
Premium	$10,000	1:400	From 0.8 pips	❌	Up to 100%
VIP	$50,000	1:200	From 0 pip	$6 per lot	Up to 100%

Leverage

The leverage ranges from 1:200 to 1:500, which is not low. Traders need to consider carefully before trading, since high leverage is likely to bring high potential risks.

Trading Platform

FX Millennium uses MT5, web trader, and mobile trader as its trading platforms. Among them, MT5 is a commonly used platform and it is suitable for experienced traders.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, web, mobile, mac	Experienced traders
Web Trader	✔	Web	/
Mobile Trader	✔	Mobile	/
MT4	❌	/	Beginners

Deposit and Withdrawal

FX Millennium accepts several types of payment options, including VISA, MasterCard, Perfect Money, Neteller, Skrill, and bank transfer.

Deposit Options	Accepted Currencies	Deposit Fees	Deposit Processing Time
VISA	USD, EUR, GBP	❌	Real-time
MasterCard	USD, EUR, GBP	❌	Real-time
Perfect Money	USD, EUR	❌	Real-time
Neteller	USD, EUR, GBP, AUD	❌	Real-time
Skrill	USD, EUR, GBP, AUD	❌	Real-time
Bank Transfer	GBP, EUR, AUD, USD	❌	Within 72 hours

Withdrawal Options	Accepted Currencies	Withdrawal Fees	Withdrawal Processing Time
VISA	USD, EUR, GBP	3% (Minimum charge $3, €2.50 or £2)	One business day
MasterCard	USD, EUR, GBP	3% (Minimum charge $3, €2.50 or £2)	One business day
Perfect Money	USD, EUR	3%	Within 48 hours
Neteller	USD, EUR, GBP, AUD	3%	One business day
Skrill	USD, EUR, GBP, AUD	1% (Minimum charge $1)	One business day
Bank Transfer	EUR, USD, GBP, AUD	Depends on the corresponding and intermediary banks	Within 5 business days