Score
Millonarium FX
United States|5-10 years| http://www.millonariumfx.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+51 946 072 472
Other ways of contact
Broker Information
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Millonarium FX
Millonarium FX
United States
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | $ 200.001 |
| Minimum Spread | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 50,001 - 200,000 |
| Minimum Spread | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
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| Commission | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 10,001 - 50,000 |
| Minimum Spread | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 1,001 - 10,000 |
| Minimum Spread | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $ 1 - 1,000 |
| Minimum Spread | -- |
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| Depositing Method | -- |
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- Fundamental Item(A)
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- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
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- Underlying Risk
Capital
$(USD)
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Millonarium FX · Company Summary
General Information & Regulation
Millonarium FX is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with leverage up to 500:1 and variable spreads from 0.3 pips on the leading MetaTrader4 trading platform, as well as a choice of two different real account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Millonarium FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.42/10. Please be aware of the risk.
Market Instruments
Millonarium FX advertises that it offers access to more than 200 trading instruments, covering cryptocurrencies, forex, CFDs, commodities, indices and futures.
Account Types
Apart from demo accounts, Millonarium FX claims to offer two types of real trading accounts, namely Black and ECN. The minimum initial deposit amount is $50 for the Black account, while the ECN account has a much higher minimum initial capital requirement of $500.
Leverage
The leverage provided by Millonarium FX is flexible from 1:1 to 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Millonarium FX claims that the spread is different for different account types. Specifically, the spread from 0.8 pips on the Black account and from 0.3 pips on the ECN account. As for commissions, the brokers website reveals that the commission is low, yet no more specific is involved.
Trading Platform Available
The platform available for trading at Millonarium FX is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Millonarium FXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Tether, Visa, Visa Electron, MasterCard, American Express and Maestro. The minimum initial deposit requirement is said to be $50.
Customer Support
Millonarium FXs customer support can be reached by telephone: +51 946 072 472, +51 979 395 839, email: contact@millonariumfx.com. You can also follow this broker on social networks such as Facebook and Instagram. Company address: Av. Santo Toribio 173–Vía Principal 125–Torre Real 8–Of. 1628. San Isidro.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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