MLNFX Forex Broker Review (2020)

MLNFX Brokers Logo

Millennium FX (mlnFX) was an unlicensed Foreign exchange & CFD Forex Broker that’s owned and operated by South Seashore Applied sciences LTD. They’re now out of enterprise!

MLNFX is situated at; Ajeltake Street, Ajeltake Island, Majuro, Marshall Islands MH96960. Contact telephone quantity is:+1 437 370 1807, and buyer help e-mail deal with is: [email protected] Official web site:

For complaints and withdrawal issues, learn this.

MLNFX Overview

A evaluation of the brand new Foreign exchange Forex Broker MLNFX reveals that they offer buyers the traditional MetaTrader4 buying and selling platform. There’s out there each the desktop standalone model, together with the online primarily based and cellular variations. The online buying and selling platform is made by the PandaTS firm.

MLNFX Panda MetaTrader 4 Platform

You will see a whole lot of underlying property out there for buying and selling CFD’s, together with all the favored Crypto Foreign money Pairs, Bitcoin, Ethereum, and Traditional Foreign exchange Pairs. Their web site and buyer help is presently solely out there in English. Most leverage on Foreign exchange pairs goes as excessive as 100:1, and spreads on the Euro Greenback pair are as little as 1.2 pips.

With Bitcoin, the unfold was $500 once we final checked. You’ll be able to select from 4 totally different account varieties, with the minimal deposit for a Newbie Account being $250.

Millennium FX Account Types
Millennium FX Account Varieties

Does MLNFX Have a License?

When the Rip-off Broker Investigator critiques a brand new Foreign exchange Forex Broker to find out if they’re a scam or reputable firm, the very first thing we search for is a sound Forex Brokers license. Foreign exchange Forex Brokers in Europe are often licensed by the FCA in United Kingdom or CySEC in Cyprus. On Could 2nd 2019, the FCA warned buyers to not use this Forex Broker, see right here.

No, MLNFX is just not a licensed Forex Broker.

Buyers at all times commerce with a licensed Forex Broker to ensure that their cash is saved in in segregated financial institution accounts. If you wish to see how the scams operated you possibly can learn this.

Warning! This Broker is NOT Licensed

ForTrade is a Forex Broker licensed by ASIC Australia, see right here

Evaluate Foreign exchange Brokers

Good buyers at all times evaluation a number of totally different Crypto Foreign money / Foreign exchange Forex Brokers, earlier than making a ultimate alternative.

ForTrade is the perfect Forex Broker for brand new buyers to start out with. They’re a reputable Forex Broker, that’s regulated by the FCA & ASIC, look right here.

Attempt a Free Demo Account, on their superior buying and selling platform, signup right here.

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If you’re presently investing at this Forex Broker, please share your expertise within the feedback part under.