Search
Milton Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.milto..., the company's legitimate regulatory information SeychellesFSARetail Forex License, New ZealandFSPRFinancial Service Corporate to enhance the security of the company's address 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia

Milton Forex Broker

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
Milton Markets Ltd
Abbreviation
Milton
Company employee
--
Customer Service Email Address
support@miltonmarkets.com
Company address
1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk

Company profile

Note: Regrettably, the official website of Milton, namely https://miltonmarkets.com/en, is currently experiencing functionality issues. Milton Review Summary Registered Country/Region 2014 Regulation FSPR (Suspicious Clone) Market Instruments Currency pairs, index CFDs, energy CFDs, and precious metals Leverage 1:1000, 1:500, and 1:200 (SMART account) EUR/ USD Spread 1.0 pips (SMART account) Trading Platforms MT4 Minimum Deposit $300 Customer Support Phone and email What is Milton? Milton is a trading platform that offers a range of services to traders. It is a registered company in a country or region since 2014, but there are suspicions of cloning in its registration with the FSPR. Milton provides various market instruments for trading, including currency pairs, index CFDs, energy CFDs, and precious metals. Milton utilizes the popular MT4 trading platform, which is known for its advanced charting and analysis tools. This platform provides traders with the necessary technology to execute their trades efficiently. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons MT4 supported FSPR (Suspicious Clone) Commission-free Inaccessible website A range of trading instruments Wide EUR/USD spreads Multi-channel support to contact Pros of Milton: - MT4 supported: Milton offers the widely used MT4 trading platform, known for its advanced charting and analysis tools. This platform provides traders with a familiar and reliable trading environment. - A range of trading instruments: Milton offers various trading instruments, including currency pairs, index CFDs, energy CFDs, and precious metals. This allows traders to diversify their trading portfolio and take advantage of different market opportunities. - Commission-free trading: Milton does not charge any commissions for executing trades, which can help traders save on trading costs. - Multi-channel support: Milton provides customer support through phone and email, allowing traders to contact them via the channel they prefer. This accessibility can be beneficial for traders who require assistance or have inquiries. Cons of Milton: - FSPR registration suspicions: There are suspicions of cloning in Milton's registration with the FSPR. This could raise concerns about the legitimacy and reliability of the company. Traders should exercise caution and conduct thorough research before engaging with Milton. - Inaccessible website: The current inaccessibility of Milton's website raises concerns about their online presence and availability. Traders may face difficulties accessing important information and managing their accounts online. - Wide EUR/USD spreads: The offered spread for the EUR/USD currency pair is 1.0 pips for the SMART account, which is relatively wide. A wide spread can impact trading costs and potentially limit profit potential for traders, especially for high-frequency trading strategies. Is Milton Safe or Scam? Clients should exercise caution when dealing with Milton as there have been suspicions surrounding the authenticity of their claimed Financial Service Providers Register (FSPR) license (License Type: Financial Service Corporate license number: 341966). These suspicions suggest that it may be a clone or fraudulent. Investing with unregulated brokers like Milton poses risks, as there is no oversight or protection for your funds. The individuals running the platform can easily abscond with your money without any accountability. It is highly advisable to conduct thorough research and consider the potential risks before making any investment decisions. Opting for regulated brokers is generally recommended to ensure the security of your funds. Furthermore, Milton's website is currently inaccessible. The unavailability of their website raises concerns about the legitimacy and reliability of the broker. A reputable and trustworthy broker typically maintains a functioning website to provide information and access to their services. The lack of accessibility to their website further underscores the need for caution and thorough research before engaging with Milton. Market Instruments Milton offers a wide range of trading instruments, including 46 currency pairs. These currency pairs allow traders to speculate on the exchange rate fluctuations between different currencies. Traders can take advantage of both major and minor currency pairs, such as EUR/USD, GBP/JPY, or AUD/NZD. In addition to currency pairs, Milton also provides trading opportunities in index CFDs. These are contracts for difference based on the performance of various stock market indices, such as the S&P 500, FTSE 100, or DAX 30. Traders can trade the index CFDs to gain exposure to the overall movement of different stock markets around the world. Furthermore, Milton offers energy CFDs, allowing traders to speculate on the price movements of various energy commodities, such as crude oil or natural gas. These CFDs give traders the opportunity to profit from both upward and downward price movements in the energy markets. Lastly, Milton also provides trading options in precious metals. Traders can invest in precious metals like gold, silver, platinum, or palladium through their platform. Precious metals are often seen as safe-haven assets during times of economic uncertainty, and trading them can diversify a trader's portfolio or hedge against inflation. Account Types Milton offers two live account types: SMART and FLEX accounts. The SMART account is designed for traders who prefer a straightforward and streamlined trading experience. It requires a minimum deposit of $300. The FLEX account, on the other hand, is designed for traders who want more flexibility and control over their trading experience. It has a lower minimum deposit requirement of $100. Leverage Milton offers different leverage options for its SMART and FLEX accounts. For the SMART account, the leverage options are 1:1000, 1:500, and 1:200. Each leverage option is applicable to different account balance ranges. For account balances up to $1,000, traders can enjoy a maximum leverage of 1:1000. For account balances between $1,001 and $10,000, the maximum leverage is 1:500. And for account balances above $10,001, the maximum leverage is 1:200. The leverage allows traders to amplify their trading positions and potentially increase their profits. For the FLEX account, the maximum leverage offered is 1:500. This gives traders the flexibility to control their trading positions and manage their risk more effectively. Spreads & Commissions Milton offers different spreads for its SMART and FLEX accounts. For the SMART account, the spread is fixed at 1.0 pips. The spread represents the difference between the bid price and the ask price of a currency pair or other financial instrument. A smaller spread indicates a tighter market and potentially lower trading costs for traders. On the other hand, for the FLEX account, the spread is slightly higher at 1.7 pips. This may be due to the flexibility and added features offered by the FLEX account, such as the ability to control trading positions with higher leverage. Besides, Milton does not charge any commissions. Commissions are additional fees that some brokers may charge for executing trades on behalf of their clients. By not charging commissions, Milton aims to provide transparent and cost-effective trading services to its clients. Trading Platforms Milton offers its clients the widely acclaimed trading platform, MT4 (MetaTrader 4). This platform is renowned for its advanced features and user-friendly interface, making it a popular choice among traders of all levels of experience. The MT4 trading platform provides a comprehensive set of tools and resources to facilitate efficient and effective trading. Traders can access a variety of financial markets, including Forex, commodities, indices, and cryptocurrencies, all from a single platform. This diversity allows clients to explore different investment opportunities and diversify their portfolios. Deposits & Withdrawals Milton provides its clients with various options for making deposits and withdrawals. Clients can choose to deposit funds using Credit cards (Visa and MasterCard), bank wire transfer, and e-wallets such as Skrill and Neteller. Depositing funds with a credit card is a popular and convenient option for many traders. By using Visa or MasterCard, clients can easily transfer funds from their credit card account to their Milton trading account. This method allows for quick processing and immediate availability of funds for trading. Bank wire transfer is another option provided by Milton. This method involves transferring funds from the client's bank account directly to their trading account. Bank wire transfers are generally secure and reliable, although they might take longer to process compared to other methods. However, they are suitable for larger transactions or for clients who prefer traditional banking methods. E-wallets like Skrill and Neteller are electronic payment systems that provide a secure and fast way to deposit and withdraw funds. Clients can link their Milton trading account to their Skrill or Neteller account and easily transfer funds between the two. E-wallets are widely used by traders due to their convenience, low fees, and fast processing times. Customer Service Customers can get in touch with customer service line using the information provided below: Telephone: 03-4586-4741 Email: support@miltonmarkets.com Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram. Conclusion In conclusion, Milton presents both advantages and concerns for traders. The support of the MT4 trading platform and a range of trading instruments are positive aspects that can enhance the trading experience. Additionally, commission-free trading and multi-channel support for customer inquiries are advantageous for reducing costs and providing accessible assistance. However, there are significant concerns regarding Milton, including suspicions surrounding its FSPR registration and the current inaccessibility of its website. These factors raise doubts about the company's legitimacy and reliability. Furthermore, the wide spreads offered for the EUR/USD currency pair may impact trading costs and potential profitability. Frequently Asked Questions (FAQs) Q 1: Is Milton regulated by any financial authority? A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Milton? A 2: You can contact via telephone: 03-4586-4741, email: support@miltonmarkets.com, Twitter, Facebook and Instagram. Q 3: What platform does Milton offer? A 3: It offers MT4. Q 4: What is the minimum deposit for Milton? A 4: The minimum initial deposit to open an account is $300. Risk Warning Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

SMART

Minimum Deposit
300 USD 300 EUR 30,000 JPY

FLEX

Minimum Deposit
100 USD 100 EUR 10,000 JPY
How to login to Milton?
milton Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the digital landscape of financial services can be daunting, especially when it comes to setting up accounts on trading platforms. This comprehensive guide aims to simplify the processes of registration, acc

  

Milton Forex Broker - Complete Information Guide

  

1. Broker Overview

  Milton Markets is a well-established forex broker that has been operational since 2014. The company is officially registered as an international business corporation in Saint Vincent and the Grenadines. Its headquarters is located in Vanuatu, with additional offices in other regions, enabling it to serve a global clientele. Milton Markets operates as a private company, focusing primarily on retail forex trading, making it accessible to individual traders and investors.

  Since its inception, Milton has aimed to provide a user-friendly trading environment, catering to both novice and experienced traders. The broker has achieved significant milestones, including the introduction of innovative trading solutions and expanding its product offerings. Notably, it has built a reputation for delivering exceptional customer service and competitive trading conditions. As a part of its growth strategy, Milton Markets has also established a robust online presence, making it easier for clients to access trading services and educational resources.

  The business model of Milton Markets primarily revolves around retail forex trading, but it also offers additional services such as managed accounts and PAMM (Percentage Allocation Management Module) accounts. This diverse approach allows Milton to cater to a wide range of clients, from individual traders to institutional investors.

  

2. Regulation and Compliance Information

  Milton Markets is regulated by several international authorities, including the Vanuatu Financial Services Commission (VFSC), with the regulatory number 40370. The broker also holds licenses from the Seychelles Financial Services Authority (FSA) and operates under the Cyprus Securities and Exchange Commission (CySEC). This multi-regulatory framework is designed to ensure that Milton operates within legal boundaries, providing a safer trading environment for its clients.

  The licenses held by Milton Markets are valid for providing trading services in various jurisdictions outside the European Economic Area (EEA). The broker adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring the protection of clients' funds and personal information.

  Milton Markets employs a segregated accounts policy, which means that client funds are kept separate from the company's operational funds. This practice enhances the safety of clients' deposits, as it minimizes the risk of misuse. Additionally, the broker participates in investor compensation schemes, offering further protection to clients in case of unforeseen circumstances.

  

3. Trading Products and Services

  Milton Markets offers an extensive range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 40 currency pairs, including major, minor, and exotic pairs, catering to a diverse trading strategy. In addition to forex, Milton also offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad selection allows traders to diversify their portfolios and capitalize on market opportunities across different sectors.

  The broker regularly updates its product offerings, introducing new instruments based on market demand and client feedback. This commitment to innovation ensures that traders have access to the latest trading options. Moreover, Milton Markets provides retail trading services, as well as institutional client services, including white-label solutions for businesses looking to enter the forex market.

  For clients seeking more personalized services, Milton also offers asset management services, allowing investors to benefit from professional trading strategies tailored to their financial goals.

  

4. Trading Platforms and Technology

  Milton Markets primarily utilizes MetaTrader 4 (MT4) as its trading platform, which is widely recognized for its advanced features and user-friendly interface. The MT4 platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs). Additionally, Milton offers a web-based trading platform and mobile applications for both iOS and Android devices, enabling traders to access their accounts and execute trades on the go.

  The broker employs a Market Making execution model, providing clients with competitive spreads and fast order execution. Milton's trading servers are strategically located to ensure minimal latency, enhancing the overall trading experience. Furthermore, the broker supports API access, allowing advanced traders to integrate their trading systems with Milton's infrastructure for automated trading.

  

5. Account Types and Trading Conditions

  Milton Markets offers a variety of account types tailored to meet the needs of different traders. The Standard Account requires a minimum deposit of $100, with fixed spreads starting at 1 pip. For more experienced traders, Milton provides Advanced Account options, including VIP and professional accounts, which come with additional benefits such as lower spreads and higher leverage.

  The broker also offers a demo account, allowing new traders to practice their strategies without risking real money. Milton Markets provides leverage of up to 1:1000, enabling traders to amplify their positions. The minimum trade size is set at 0.01 lots, accommodating both small and large traders.

  Milton does not charge any commissions on trades, focusing on transparent pricing through spreads. Additionally, the broker has a clear overnight fee policy, ensuring that traders are aware of any costs associated with holding positions overnight.

  

6. Fund Management

  Milton Markets supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type, with the Standard Account requiring a minimum of $100. Deposits are processed quickly, with most methods being credited to trading accounts almost instantly.

  Withdrawal methods also include bank transfers, credit cards, and e-wallets, with varying processing times. Typically, withdrawals are processed within 48 hours. Milton Markets does not impose withdrawal fees, although clients should be aware of potential fees from their payment providers.

  The broker emphasizes a transparent fee structure, ensuring that traders are fully informed about any costs associated with deposits and withdrawals. This commitment to transparency helps build trust and confidence among clients.

  

7. Customer Support and Educational Resources

  Milton Markets provides robust customer support through multiple channels, including telephone, email, live chat, and social media platforms. The support team is available during trading hours to assist clients with any inquiries or issues they may encounter. The broker offers support in several languages, including English, Japanese, Spanish, and Chinese, ensuring effective communication with a diverse clientele.

  In addition to customer support, Milton Markets offers a range of educational resources designed to enhance traders' knowledge and skills. These resources include webinars, tutorials, and e-books covering various trading topics. The broker also provides daily market analysis and research reports, helping traders stay informed about market trends and opportunities.

  Milton Markets equips its clients with essential trading tools, such as economic calendars and trading calculators, to facilitate informed decision-making.

  

8. Regional Coverage and Restrictions

  Milton Markets serves a global market, with a primary focus on regions outside the European Economic Area (EEA). The broker has established a strong presence in Asia and other international markets, catering to a diverse clientele. However, it is important to note that Milton Markets does not accept clients from certain countries, including the United States, Canada, Iran, and North Korea.

  The broker's regional offices are strategically located to provide localized support and services to clients in different markets. Despite its broad reach, Milton Markets adheres to regulatory requirements in each jurisdiction, ensuring compliance with local laws and regulations.

  In conclusion, Milton Markets is a reputable forex broker that offers a comprehensive range of trading products and services. With its strong regulatory framework, competitive trading conditions, and commitment to customer support, it is well-positioned to serve traders worldwide. Whether you are a novice or an experienced trader, Milton Markets provides the tools and resources necessary to navigate the forex market effectively.

Milton Similar Brokers

Unverified
Togo
No license plate
1.57
Score
Revoked
Heritage Bank
Heritage Bank Forex Broker - Complete Information Guide   1. Overview of the Bro
1.57
Score
Futura
Futura Forex Broker - Comprehensive Information Guide   1. Broker Overview   Fut
1.57
Score
Over-Operation
Northern Trust
Northern Trust Forex Broker - Complete Information Guide   1. Broker Overview
1.57
Score
Unverified
HPI
HPI Forex Broker - Complete Information Guide   1. Broker Overview   HPI, offici
1.57
Score
Regulated
MIZUHO
Mizuho Forex Broker - Complete Information Guide   1. Broker Overview   Mizuho,
6.60
Score
Unverified
TFI
TFI Forex Broker - Complete Information Guide   1. Broker Overview   TFI Markets
1.57
Score
Over-Operation
FIXIO
No license plate
2.56
Score
Over-Operation
GOC Prime
No license plate
2.40
Score
1.12
Score
Over-Operation
BeeMarkets
No license plate
3.90
Score
1.65
Score
Offshore Regulated
Bullwaves
Bullwaves Forex Broker - Complete Information Guide   1. Broker Overview   Bullw
5.41
Score
Offshore Regulated
Seekapa
Having a license
4.61
Score
Over-Operation
BroJets
No license plate
2.35
Score
1.64
Score
1.66
Score
1.85
Score
Over-Operation
GinFi
Ginfi Forex Broker - Complete Information Guide   1. Broker Overview   Ginfi, of
4.04
Score
Offshore Regulated
ZXCM
Having a license
5.25
Score
1.39
Score
2.14
Score
Regulated
BCM
Having a license
1.64
Score
Regulated
Antos Pinnacles
2.21
Score
1.88
Score
Unverified
CLY FOREX
No license plate
1.59
Score
Offshore Regulated
Valetax
Valetax Forex Broker - Complete Information Guide   1. Broker Overview   Valetax
4.90
Score
Regulated
AGBK Broker
Having a license
4.76
Score
Regulated
INVEXIA
Having a license
5.83
Score
1.74
Score
Unverified
ATM Capital Ltd
ATM Capital Pro Forex Broker - Complete Information Guide   1. Broker Overview
1.90
Score

Latest Reviews

FX1340999635

FX1340999635

Nigeria

Their tricky broker would ask you to write a review after answer your questions, so they have a lot of positive reviews. I noticed that some stop losses were not activated and very high spreads at night.

37130

2023-03-13

Milton Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 7.46, Software Index 4.00 Risk Control Index 0.00.