This review is dedicated to the Milleniumchain broker, which promises to provide premier access to world markets without trading limits, with favorable conditions. The company boasts 20 years of experience, a headquarters in Switzerland, and clients from 200 countries. However, no licenses for brokerage activities were found. What should traders do, can they trust their money to such an organization, and are the conditions here profitable? Well, let’s take a closer look at the platform.
How to Trade
Milleniumchain promises high-speed order execution and zero commission on transactions. Clients can trade more than 2000 assets from various market classes, as well as use leverage up to 1:400. According to information from the official website, traders have access to five types of accounts:
- Bronze. A minimum deposit of $10,000 is required. There is assistance from a personal manager, basic training, alerts, and risk-free trades.
- Silver. Minimum deposit of $25,000. Adds practical guided trading sessions.
- Gold. From $50,000. Managed account service, and higher leverage.
- Premium. From $100,000. In addition to the aforementioned opportunities, Milleniumchain provides VIP signals and risk-management strategies.
- Savings. In addition to a personal manager and training, there is a risk-free business service.
Milleniumchain Vital Info
Here we have a broker claiming 20 years of experience, yet the official website only appeared on September 15, 2023. How did Milleniumchain operate without a website? And why are there almost no reviews about the company on the internet over two decades? And where are the registration documents? Could it be that the firm made up its 20 years of existence? Quite possible.
Milleniumchain is a Swiss brokerage firm, according to the website. So why isn’t the FINMA license, which all brokers from Switzerland must obtain, listed? If you try to find the organization in the FINMA registry, there will be nothing there. The same awaits you if you try to find the intermediary in the list of legal entities. So does the platform really exist?
A short story about how Milleniumchain scammed my friend's money. My friend decided that he could make money on Forex. He chose a firm, unfortunately, a fraudulent one, and invested a part of his savings accumulated over several years. He started trading. He chose this firm, Milleniumchain, because it was supposedly a safe and profitable broker that promised to help my friend with trading. The trader would receive signals, recommendations, analytics, but it all didn’t help him make money; on the contrary, he was losing money. In the end, he lost half of the money, and he can’t withdraw the other half because the broker stopped communicating, and the withdrawal request has not been processed for a very long time. That's how a person lost more than $12,000. If you don’t want to fall for a scam as well, I advise you not to open an account here.
Hmm, not bad if you look at the terms. Just need to find info about commissions in Milleniumchain, find out what the overall costs are here. Well, otherwise, it seems like a normal platform for CFD trading.
Not a single positive factor! NOT A SINGLE ONE! Where is the license? Why is the domain so fresh? There is not a single legal or registration document on the site, which means the information about the Swiss office, about some kind of experience is complete nonsense. Milleniumchain is engaged in theft and criminal activity.
Don't even think about transferring money here. Scammers who created a non-existent broker, invented fake facts about themselves, now they are supposedly a super-mega broker, but in reality, it's 100% scam and fraud.
Have you seen when milleniumchain.com was registered? In September 2023. This happened quite recently. How can a broker talk about 20+ years of operation if its website appeared just a few months ago? It's some kind of nonsense. And who would believe it? Milleniumchain is a classic example of a scam broker that deceives people for money, so under no circumstances should you transfer a deposit here, because it's a one-way street for your money. It will be impossible to withdraw it back later.
Hello. I can confidently say that I became a victim of these scammers from milleniumchain. The fact is that I invested more than 10k bucks here, naively believing that I was dealing with the best brokerage company in Switzerland. At least, one of the best. I fell for the sweet promises of 100% guarantee, security, and the most favorable conditions, of assistance from employees in trading and earning on CFDs.
The trading platform at milleniumchain leaves much to be desired. I traded with huge delays and lags, and the commissions and spreads were just colossal. But all this is a joke, the main thing awaited me ahead. I applied for a withdrawal of funds, I wanted to withdraw half of the deposit, as I urgently needed money. However, they still haven't withdrawn my 5000 bucks. More than a month has passed, and there is still no money. So I already understood that I was deceived and cheated out of money. I warn you that the same awaits you here.
I want to express my opinion about Milleniumchain. On the one hand, impressive statistics are presented. For example, the company has been operating for two decades, and its legal address is in Switzerland, which is not some offshore location. But on the other hand, the license is somehow ignored, and online reviews are very scarce. On one hand, there is high leverage, fast order execution, and a variety of auxiliary resources, but on the other hand, you need to invest a minimum of $10,000, and the spreads and commissions remain unknown.
So, I don’t know whether to speak well or badly of the firm. You need to try a demo account, if it is available here, of course. I would try it, but I am also deterred by the very high minimum deposit. They could have reduced it to at least $100, as $10,000 is a lot.
Firstly, it’s a dealing desk, meaning there was no and will be no execution of trades to the interbank market. Secondly, it’s an illegal broker. Where is their FINMA license? Right, they don’t have it. Thirdly, such a company doesn’t even exist. Check the Swiss registry, there is no such organization there. Fourthly, everything you see on their fresh and young website is fake. Information about experience, security, office in Switzerland, favorable conditions, and so on – it’s all fake. Fifthly, the number of reviews is very small, but gradually comments are appearing in which people share their sad stories of how they were deceived and the money was not returned.
Good brokerage. Any brokers from Switzerland are normal brokers. Personally, I know many of them; all are good, honest, and safe companies. Can the same be said about Milleniumchain? Maybe, maybe not. I haven’t traded here, and haven’t tried to withdraw money, so I don’t have a definite answer. But if we take what is written on their website as true, this is a safe broker. It’s better to ask those who have already worked with the company in practice.
Somehow there are very few reviews on the internet about milleniumchain, very few, so it seems to me that the broker is definitely not 20 years old... meanwhile, no licenses are indicated on the site, and insurance is also absent... in general, there are simply no guarantees...
It is unlikely that funds can be withdrawn from here. Such pseudo-brokers are most often engaged in fraud, so it is impossible to withdraw money. I do not recommend even considering such a pseudo-company for trading. Why? There are many normal and verified intermediaries working on a 100% a-book model, and here it’s a 100% b-book, meaning there is a conflict of interest.
I want to try the firm, can I trust them? I also have a question – is a demo account offered here? I want to try a demo account first, as investing such a large amount in a little-known company is not very appealing. I am open to any useful information regarding milleniumchain.com. I want to know if it is profitable to trade here, and if so, how much. Also, any information regarding deposits and withdrawals is important, in short, everything about money transactions.
I liked Milleniumchain. At the very least, what is written on their website can be regarded as a top broker. That's why I want to try trading here.