Milton Prime Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Risk Control
License
FSA Offshore Regulated 
The so-called regulatory license of Milton Prime is a cloned one. But I have to say that the various information displayed on the website is very attractive. Fortunately, no one has been deceived so far!
Milton Prime has emerged as a notable player in the online trading landscape since its establishment in 2015, offering a variety of financial instruments and trading platforms. This review synthesizes user experiences, expert opinions, and crucial facts about Milton Prime, highlighting both its strengths and weaknesses as a forex broker. Key features include a diverse asset range, competitive spreads, and the use of popular trading platforms like MetaTrader 4 and 5.
Note: It is important to consider that Milton Prime operates under different regulatory entities in various regions, which may affect the services and protections available to users.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service | 4.0 |
| Trading Experience | 6.5 |
| Trustworthiness | 4.2 |
| User Experience | 5.0 |
We evaluate brokers based on a combination of user feedback, expert analysis, and regulatory information.
Founded in 2015, Milton Prime is a forex and CFD broker that provides trading services globally. It operates on the well-regarded MetaTrader 4 and 5 platforms, offering access to a range of trading instruments, including forex pairs, stocks, indices, commodities, and cryptocurrencies. The broker is regulated by the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC), which adds a layer of oversight to its operations.
Regulated Geographic Areas/Regions: Milton Prime is regulated in various jurisdictions, including Seychelles and Cyprus. However, the effectiveness of these regulations varies, with CySEC being considered a more stringent regulatory body compared to the FSA of Seychelles, which is often viewed as less robust.
Deposit/Withdrawal Currencies/Cryptocurrencies: The minimum deposit required to open an account with Milton Prime is $300. Users can deposit funds via bank transfers, Skrill, Neteller, and cryptocurrencies like Bitcoin and Tether (USDT). Notably, the broker does not charge any fees for deposits or withdrawals over $300, although a $30 fee applies for withdrawals below this threshold.
Bonuses/Promotions: Milton Prime does not currently offer any welcome bonuses or promotional incentives, which may be a drawback for traders looking for additional benefits upon signing up.
Tradeable Asset Classes: Traders at Milton Prime can access a wide range of assets, including over 50 forex currency pairs, stocks, indices, and cryptocurrencies. However, the absence of futures and bonds may disappoint those seeking a broader investment portfolio.
Costs (Spreads, Fees, Commissions): The spreads at Milton Prime are competitive, starting from 0.1 pips for major pairs, but users should be aware that these can fluctuate based on market conditions. The broker operates on a commission-free model, which can be appealing to active traders.
Leverage: Milton Prime offers leverage up to 1:500, which can be attractive for experienced traders looking to maximize their trading potential. However, traders based in Europe may be restricted to a maximum leverage of 1:30 due to local regulations.
Allowed Trading Platforms: The primary trading platforms offered by Milton Prime are MetaTrader 4 and MetaTrader 5, both of which are widely recognized for their robust features and user-friendly interfaces. However, the broker does not offer any proprietary trading platforms, which may limit options for some traders.
Restricted Areas: Milton Prime does not accept clients from certain countries, including the USA, Canada, and several others due to regulatory restrictions. This limitation may affect the broker's accessibility for potential users in those regions.
Available Customer Service Languages: Customer support at Milton Prime is available in multiple languages, including English, Spanish, Russian, Chinese, and Japanese. However, users have reported mixed experiences with customer service, particularly regarding response times and the effectiveness of support.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 6.0 |
| Tools and Resources | 5.5 |
| Customer Service | 4.0 |
| Trading Experience | 6.5 |
| Trustworthiness | 4.2 |
| User Experience | 5.0 |
Account Conditions (6.0): The minimum deposit of $300 is reasonable, but the absence of tier-1 regulation may deter some traders. The leverage options are attractive, especially for experienced traders.
Tools and Resources (5.5): While Milton Prime offers robust trading platforms and educational resources, the lack of additional trading tools may limit the user experience.
Customer Service (4.0): Users have reported difficulties in reaching customer support, with some expressing dissatisfaction with response times. This is a critical area for improvement.
Trading Experience (6.5): The trading platforms are well-regarded, but some users find the interface somewhat outdated and complicated compared to newer platforms.
Trustworthiness (4.2): While Milton Prime is regulated, the lack of tier-1 regulation and mixed reviews about the withdrawal process raise concerns about its reliability.
User Experience (5.0): Overall, user experiences are mixed, with some praising the platform's ease of use while others report issues with withdrawals and support.
In conclusion, the Milton Prime review highlights both the strengths and weaknesses of this broker. While it offers competitive trading conditions and a variety of assets, potential users should weigh the regulatory status and customer service experiences before deciding to trade with this broker.
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