FX Millennium is a brokerage firm that provides trading services in forex, metals, commodities, energy, stocks, and indices for investors. The FX Millennium official website is https://fxmillennium.com/, and it is available only in English. According to the Whois query, the domain name for the company's official website was registered on September 9, 2021, and it has been registered for just over two years.
Company Background:
Information on the FX Millennium official website indicates that the company is registered in Mauritius. However, a search of the Companies and Business Registration Department (CBRD) of Mauritius shows a result for "Millennium Prime Technologies" with registration number C189348, which does not match the company name and registration number displayed on the FX Millennium website. This raises suspicion that FX Millennium may be using fraudulent registration information. Additionally, according to the Whois query, the domain name for the company's official website was registered on September 9, 2021, and it has been registered for just over two years.
Account Registration:
FX Millennium's official website provides a registration link for real accounts. Investors can complete the registration by filling in the required information. The registration process for a real account involves opening the FX Millennium official website, clicking on "Create Account" on the left side of the website or "Get Started" in the upper right corner, and then filling in information such as email and password as required. However, FX Millennium's official website does not provide a link for investors to register for practice/demo accounts.
Account Types:
FX Millennium's official website indicates that the company offers four types of trading accounts for investors: Entry, Standard, Premium, and VIP. These four different account types differ in terms of minimum deposit, spreads, margin ratios, bonuses, and customer service, among other aspects.
Margin Ratios:
FX Millennium's official website states that different accounts have different maximum margin ratios. However, the company does not provide information on the margin ratios for specific trading products within forex, metals, commodities, energy, stocks, and indices.
Margin Ratios:
FX Millennium's official website states that different accounts have different maximum margin ratios. However, the company does not provide information on the margin ratios for specific trading products within forex, metals, commodities, energy, stocks, and indices.
Trading Hours:
FX Millennium's official website does not provide information on the trading hours for forex, metals, commodities, energy, stocks, and indices.
Deposits and Withdrawals:
FX Millennium's official website states that the company supports deposits and withdrawals in USD, EUR, GBP, and AUD through various channels such as VISA, Mastercard, Perfect Money, Neteller, Skrill, and Bank One. The website also lists the fees and processing times associated with different deposit and withdrawal methods.
Regulatory Information:
FX Millennium's official website does not provide any regulatory information. Furthermore, the financial regulatory authority in Mauritius, the Financial Services Commission (FSC), has no records of regulatory information related to this company.
Regulatory Information:
FX Millennium's official website does not provide any regulatory information. Furthermore, the financial regulatory authority in Mauritius, the Financial Services Commission (FSC), has no records of regulatory information related to this company.
Regulatory Information:
FX Millennium's official website does not provide any regulatory information. Furthermore, the financial regulatory authority in Mauritius, the Financial Services Commission (FSC), has no records of regulatory information related to this company.
Summary:
FX Millennium has raised suspicions of fraudulent activity. Firstly, the company's official website does not provide specific information about trading products or the margin ratios, spreads, and other details related to these products. Secondly, while the website states that the company is registered in Mauritius, a search of the Companies and Business Registration Department (CBRD) suggests that FX Millennium may be using fraudulent registration information by claiming to be "Millennium Prime Technologies." Most importantly, the website does not provide any regulatory information, and the financial regulatory authority in Mauritius, the FSC, has no records of regulatory information for this company. Based on these factors, FX Millennium is suspected of fraudulent activity, and investors are advised to exercise caution when considering its services. TraderKnows reminds you to be vigilant about your financial security and avoid falling into fraudulent schemes.
