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