MilleniumOne Review – Is It Really Worth The Time And Trouble?

MilleniumOne broker is operating under the flag of Fiesta LLC company. With headquarters in St. Vincent and Grenadines, the company has all predispositions for malicious activities. Even trusted regulators had something to say about them.

Find out all the pros and cons in our latest MilleniumOne review. To find out other offers and learn more about the trading world check our Smart Trade CFD and Investous reviews.

MilleniumOne Regulation and Security of Funds

In the headquarters country, the main regulator is the Financial Services Authority (FSA). Thus, this institution decided not to provide FX and CFD trading licenses anymore. Instead, companies registered there should opt for licenses elsewhere. Primarily in the countries where they operate.

Consequently, we are checking a vast of Tier 1 regulatory registers. Starting with FCA, BaFin, CFTC and ASIC. Generally speaking, everything is as expected. The company doesn’t have any regulations but they have numerous warnings against them. Institutions like BaFin, CNMV, BCSC and CSA have issued public warnings. Check it out.

The company doesn’t even promote any fund protection measures. For instance, compensation funds or negative balance protection. But even if they did, it would be questionable.

Trading Platform Overview

Here comes the interesting part. MilleniumOne scam broker is a perfect example of how trusted software doesn’t make a broker trusted as well. The company offers three trading choices:

• Meta Trader 4 Desktop
• MT Web trader
• MT Mobile

Even though Meta Trader provides a vast of trading tools, all become irrelevant with this investment scam. Whether you are using a desktop version or a web-based one, you have the necessary tools. From social trading, copy trading and news to economic calendars and advanced indicators.

Instead of offering a transparent demo account, this broker tries to trick you here as well. Even though they promote a demo, you can’t access it unless you register. But once you register you are eligible for harassment.

Trading Account Available

As for the account types, the company has 3 options:

• Standard
• Premium
• VIP

For a company that tries to look legitimate, they are missing a vast of information. Primarily, the broker doesn’t reveal what is the minimum deposit requirement. Also, trading conditions are quite speculative. Especially seeing floating spreads and poorly explained commissions.

Generally speaking, leverage is not something that EU Regulators would allow. It goes up to 1:100. However, commissions remain mysterious.

MilleniumOne Funding Methods

Another warning sign about this offshore investment scam is MilleniumOne funding options. In fact, there are none presented on their website. But not even in legal documentation. To make it worse, the broker has a disclaimer about deposits. Traders must contact the broker for further assistance. Which leaves plenty of room for this scam broker to pressure traders into higher deposits.

But this is exactly how traders get scammed. We are just hoping that you are using debit or credit cards. This way you can get at least a chargeback.

Thus, it’s not rare that scam brokers like MilleniumOne use more anonymous payment gateways. For example, blockchain and cryptocurrencies. On top of all, the broker advertises a 3% withdrawal fee. In general, that’s their new attempt to extract more money from traders. Just think about it for a second. If there are really fees, shouldn’t those be taken from the account balance?

The Fraudulent Techniques

The company offers a vast of features that are not backed up by regulations. Therefore, everything they claim on the website is questionable. These brokers don’t hesitate to lure traders everywhere. From social media, social networks and even referral programs.

The main tricks they are using are in regards quick money schemes and algorithmic trading. Quick and easy money was never easy. Once greedy and inexperienced traders start feeling their first profits, they invest even more. After all, when they decide that they won’t see any of the money back, it’s too late.

Unless you are in touch with our fund recovery team.

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Also, we would like to hear your story about this broker. If they or any other broker stole money from you, you can book a consultation. Our specialized fund recovery team can advise you on further steps. Get in touch today.

MilleniumOne Summary

MillenniumOne is a confirmed bogus swindler. They don’t have any credible and positive reviews. On top of that, the company earned multiple warnings from regulators. Which makes us wonder how are they still in the game.

This is a perfect example that MT4 can’t make a broker legitimate. Especially with their shady funding options and malicious withdrawal policies. Therefore, rethink your investment choices and do it wisely with Tier 1 licensed companies.

FAQs About MilleniumOne Broker