Milton Prime-Overview of Minimum Deposit, Leverage, Spreads

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.

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.

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.

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.