- Excellent selection of trading platforms
- Wide range of markets to participate in
- Excellent customer support
- Low fees and commissions
- Some information not clearly specified
Millennium-FX is a dedicated only trading brokerage who puts their clients first and does everything they can to help them succeed. The three pillars at Millennium-FX’s foundation are Excellence, Integrity, and Success. The brokerage adheres to these three pillars to the best of their ability and has succeeded at doing so. Millennium-FX is offers traders from all around the world the opportunity to trade in a variety of lucrative markets including Forex, Commodities, Equities, and Indices. Millennium-FX is a fairly newtrading brokerage who was established in 2016 and is owned and operated by South Beach Technologies Limited. The brokerages headquarters are located at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Unfortunately, Millennium-FX is not regulated but it has remained a reputable online trading brokerage providing competent investment services since 2016. The brokerage accepts traders from all around the world but only offers their services in English. With so many reputable online trading brokerages out there, how do you know which one to choose? Well, in the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Millennium-FX apart from the competition and whether or not they can be trusted.
Millennium-FX features not one but two highly sophisticated trading platforms, the ever popular MetatTrader 4 (MT4) platform and their very own proprietary WebTrader platform. These trading platformsare both excellent choices for traders and cater to each individual trader’s needs. The WebTrader platform can be accessed from nearly any desktop computer or smart mobile device and is primarily geared towards beginner to intermediate traders. The MT4 platform on the other hand is geared towards experienced traders and features all the advanced features an experienced trader would expect. Both platforms are beautifully designed to fit their demographics needs and accomplish this very well. The MT4 trading platform is jam packed with features and advanced functionality such as support for automated trading systems which can be tweaked and customized to the traders liking. As well, traders have access to a complete charting package on both platforms which include numerous chart types, technical indicators, and drawing and analysis tools. All in all, the trading platforms offered by Millennium-FX do not disappoint.
Millennium-FX provides traders with access to 5 lucrative global markets including Forex, Commodities, Equities, Indices, and CFDs. Oddly enough, the number of tradeable assets available to trade across these markets is not specified, but upon further research we’ve concluded that it’s quite extensive. As well, the number of traders participating in these markets with Millennium-FX is quite large; with over 60,000 active traders, over 1.5 million executed orders, and traders from more than 50 countries around the world.
Fees and Commission
Millennium-FX offers traders very fair and even competitive trading fees which vary between account types. For instance, the trading fees are calculated via the spread on each trade, with higher account types obtaining tighter spreads. Beginner accounts see spreads from 1.2 pips, Silver accounts see spreads from 1 pip, Gold accounts see spreads from 0.8 pips, and the Diamond accounts must contact the brokerage to negotiate their spreads. Overall, these spreads are very low, even compared to some of the top online trading brokerages. As for withdrawal fees, traders are aloud one withdrawal a month and any withdrawal after that is subject to a fee of $30. All in all, the fees imposed by Millennium-FX are very favorable compared with the competition.
Security and Fairness
The Millennium-FX online trading brokerage may be unregulated, but that doesn’t mean they are not sincere and offer questionable services. In fact, Millennium-FX has an excellent reputation and employs the latest security measures to ensure the safety of their clients. All data is secured by the latest SSL technology and other security protocols. The broker is also very transparent with their services; however, it is not stated on their site whether client funds are held in segregated accounts.
Millennium-FX offers traders exceptional customer support that’s available 24 hours a day, 5 days a week. Support representatives can be reached via email, online contact form, live chat, or telephone. The support methods available are only offered in English and are very friendly and helpful with their responses. The live chat option is not as good as one would expect, every time we tried testing it out there was no representatives available. However, the other support methods were fairly quick to respond. Additional methods of support include an extensive education center complete with eBooks, videos, a glossary, an economic calendar, market news, and a quiz section. The education center can be very helpful for training purposes and gaining knowledge.
Millennium-FX is a highly reputable online trading brokerage offering a wide range of tradeable assets across a variety of global markets. The broker is not yet regulated but remains highly reputable in the online trading industry. Millennium-FX features two amazing trading platforms which accommodate the needs of both inexperienced and experienced traders. The fees and commissions imposed on traders are quite competitive and even favorable compared with much of the competition. All in all, Millennium-FX is a competent online trading brokerage who should not be ignored.
The following are the common questions that customers inquired about Millennium-FX.
Is Millennium-FX regulated?
No, it is not a regulated broker.
Is Millennium-FX a scam?
No, Millennium-FX is has an excellent reputation in the online trading industry and is well respected among their clients.
Where is Millennium-FX based?
Millennium-FX is based at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.