Millennium FX (mlnfx.com) is an online investment brokerage that was founded a little over a year ago on April 20th, 2017. Supporting forex, indices, equities and commodities, those who invest with Millennium-FX have a broad selection of investable assets to choose from while having the ability to invest with the user-friendly MetaTrader4 platform.
As you will learn, the aim of today’s unbiased review is to provide crucial insight regarding Millennium FX and help you determine whether or not this investment brokerage is best tailored to fulfill your investment demands.
Millennium FX, hosted at mlnfx.com, claims to support over 60,000 active day traders while being available in over 50 countries. Over 1.5 million investment orders have been executed by day traders utilizing their platform while their platform of choice would be perhaps the most common investment platform known as MetaTrader4.
Operating in tangent with Anti-Money Laundering and KYC policies, those who invest with Millennium FX can rest assured knowing that their hard-earned money is protected through an Encrypted SSL security package.
In addition to investable assets would be contracts-for-difference, which yield high returns in addition to their other supported assets. Mobile and web-trading are not only supported but optimized while currently they support 4 incentive based account types.
Mlnfx.com incorporates a wide selection of trading resources and technical analysis tools to help simplify your investment experience. Access to an educational training center is available to all verified investors while various trading tools such as Economic Calendar, Quizzes, Glossary, Tutorial Videos, Market News and eBooks are available.
Due to Millennium FX supporting the MT4 platform, investors can implement technical analysis based indicators into their charting solution reducing the need to have separate browser tabs opened with a charting solution running in the background.
For those of you who prefer to invest on your own behalf and without the guidance of a trading solution, Millennium FX renders an ideal opportunity to employ the following verified trading approaches while using their platform. All of the trading approaches referenced below are supported through the Millennium FX trading platform:
- 60 Second Day Trading Approach
- Advanced Price Action Trading Concept
- 5 Effective Market Formations for Day Trading
**These trading approaches are best employed with transparent, regulated brokerages such as the ones found on our Trusted Brokers Menu**
- Crude Oil
- Natural Gas
- BP P.L.C.
- Deutsche Bank
- DAX 30
- S&P 500
- FTSE 100
- Nikkei 225
- Nasdaq 100
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Funding & Withdrawal Methods
Millennium FX supports many payment options ranging but not limited to the following: American Express, MasterCard, Visa, Visa Electron, Diners Club International, SoFort, Skrill, SWIFT, Neteller, WebMoney and Poli.
The minimum deposit requirement to get started is $250 while after investors fulfill their KYC (Know Your Customer) policy they will be able to execute one withdrawal per month that comes with zero processing fees. More than 1 withdrawal per month will account to a processing fee up to $30 depending upon the withdrawal method.
Investors can conduct as many withdrawals as they desire on a monthly basis while the minimum withdrawal amount must not reflect a value less than $50.
Customer Support Channels
One of the best characteristics regarding Millennium FX would be how they do not lack a wide number of customer support channels. Incorporating a live chat directly on their homepage, day traders can also touch base with this brokerage at [email protected], +1 437-886-7226 or through their various social media outlets which are as followed:
Should Millennium-FX be Trusted?
Millennium FX has gone through extensive measures to provide their user-friendly platform across various demographics. Employing extra security measures, well-known identity policies along with supporting a generous asset selection would make it seem that their platform would be a dependable investment brokerage.
However, due to recent investor feedback that can be viewed by searching “Millennium FX scam” in Google it appears that many day traders are unhappy with their platform. Combine those findings with the fact that Millennium FX does not actively appear to be licensed or regulated and it becomes clear that Millennium FX is not the most trustworthy brokerage.
Millennium FX Review Conclusion
Millennium FX possesses nearly all of the characteristics required to be classified as a legitimate investment brokerage but due to their excessive negative feedback and lack of regulation, we do not condone for any investor to utilize their platform.
For those of you searching for a top rated and reputable investment brokerage that can help you conquer your day trading endeavors we encourage you to browse our Trusted Brokers Guide!