The brokerage company, which acts as a Forex/CFD trading platform, is based in the UK and has been operating since 2019. Please note that the firm’s official website features logos of several awards and nominations. In addition, the resource owners claim that financial activities are regulated by the CySEC. However, there are no supporting certificates, licenses, and other documents.
Maybe the earning opportunities and attractive conditions declared by the broker are actually fake? You will find out the whole truth about the broker in our Millennium Trading review.
How to Trade
The British forex broker offers to trade more than 150 CFDs on major asset classes: stocks, indices, crypto, commodities, and metals. You will find the following offers on the company’s website:
- 5 trading plans.
- Minimum deposit of 250-25,000 USD.
- Commissions from 6 USD/lot.
- Average spread EURUSD 0.00001.
Leverage is specified in the tariffs as 1:400, and in the description of accounts – 1:500. There is no section dedicated to payment methods.
Clients have access to the company’s own trading platform, which, as the developers claim, supports any device. Meanwhile, there are no training or analytical materials on the website.
Millennium Trading Vital Info
The owners of the project tell in detail about its 5-year history. They emphasize users’ attention to the awards of the author’s platform, which is chosen by millions of traders around the world. However, the lack of specific information about the managers and founders raises doubts about the transparency of this brokerage company. In addition, there are no reports or documents confirming the number of clients and awards of the resource. Finally, the domain was registered in September 2024, which suggests that the platform’s lifespan is no more than a couple of months.
The website owners probably believe that dubious information about a 5-year period of operation, a CySEC license, and a British address will help them attract as many customers as possible. Meanwhile, unconfirmed claims make us distrustful. That’s why we checked Millennium Trading in the UK register of legal entities. Surprisingly, we found a firm with this name at the given address. However, it is engaged in commodity trading and does not have a license for brokerage services from the FCA, and it also has no relation to the site of the hero of our review.
I suggest you break it down into a few aspects. The first one is the security of MT. They are based in the UK and seem to have a license (you need to check with tech support staff). I checked the process of depositing and withdrawing via cryptocurrencies at millennium-trading.co. There is a fairly simple procedure and no glitches occurred during testing. The second point is the trading platform and its technical capabilities. Millennium Trading uses a web trader, and in terms of technical implementation, it all looks good :) The platform works stably, I did not notice any lags during testing, and charts display data correctly. Orders are executed quickly, both market and pending, which allows you to focus on trading without distractions. Access to the personal account is available around the clock, and the site is consistently accessible, which is also important for comfortable work. In addition, the platform is adapted for mobile browsers. This is important for those traders who find it important to have access from a smartphone.
I can't understand why some people believe such nonsense that MILLENNIUM TRADING writes on their website. This company does not have the necessary licenses and the domain was registered 1-2 months ago. Thus, in such a short time it was unable to gain either a reputation or more than 1 million clients. I appeal to those who invested money here: Guys, were you not surprised by the use of exclusively cryptocurrency for deposit? Why doesn't MILLENNIUM TRADING allow you to use bank cards or payment systems? Are you not concerned about the lack of possibility to return your funds if something goes wrong? Don't you think that cryptocurrency is used here to hide actions and prevent the possibility of getting your money back? You may find it hard to believe that some traders and investors could be scammed by scammers in this way, but since this scam is online, it means someone is falling into these traps.
I came across MILLENNIUM TRADING, where the site developers claim you can trade stocks, indices, currencies. I registered an account, and although the personal account looked cheap, it didn't alarm me. I funded my account with $2,330 via cryptocurrency to start trading forex. However, the terminal turned out to be a nightmare - it is constantly lagging, spreads are just robbery, from 4-5 pips!! not as written in the tariff plans on millennium-trading.co, everything works terribly as if the program was written by a schoolboy. I realized quickly that nothing will work here, and decided to withdraw the balance - 1,900 dollars, as I lost 430 when I traded in terrible conditions. From that moment, my problems started. I've been waiting for a month now, but I still haven't gotten my money back. I can't get in touch with MILLENNIUM TRADING support. I don't know if their withdrawal system is so shitty or if it's just a way of stealing money, but they haven't refunded me anything. I think it's a scam and the scammers embezzled my money. This is my story. I lost 2,330 dollars, one might say, due to my gullibility and inexperience.
This suspicious company has too many signs of scam. First of all, there is a very short period of existence of this company - it was registered only in September 2024, which you can easily check. These scammers say that they started operating in 2019, however, this is complete lie. They can't confirm it with anything. You can see from the domain name and registration details that they have no experience and long history. I never trust new brokers with a short history. Secondly, there is a complete mess with the licenses here. Do you see them? Of course not, the scammers from Millennium Trading simply don't have licenses. In addition, there are no documents proving the right to financial activity in the UK and in the EU. Working with an illegal broker can entail big losses, it is high risk. Also, scammers point to the presence of a license from CySEC, which is issued in Cyprus. No number, no link, nothing. I checked the CySEC registry. Naturally, Millennium Trading does not have a license. There is no mention of this company of scammers and criminals in the Cypriot registry. Third, it is an unknown brokerage firm that has few reviews online and it is not listed in forex ratings. There are no real mentions of money made or evidence online that traders trust this scam project. Fourth, probably scammers are using the B-book model on millennium-trading.co, so they are not working honestly. They do not talk about the withdrawal of transactions to the interbank, there is no doubt about it, although all honest brokers always talk about it in detail. Liquidity providers are not mentioned at all. You will waste your time and money on this useless scam platform instead of making money with decent intermediaries. You have absolutely no chance of earning a profit with Millennium Trading. And this is just my weak analysis. You can imagine how many other negative points you will see in a more detailed analysis. Overall, I strongly advise you to avoid dealing with these scammers, otherwise you will lose all your money.
I registered an account... I thought at first that it was a serious company... in fact, the operators didn't even ask me to confirm the contacts I provided when registering... so, I realized that there is nothing good here... and further, my bad assumptions were only confirmed... I didn't see a demo account, so I had to deposit 250$ for testing... this is a lot, as decent firms require small amounts of minimum deposit.... they allow you to open at least a cent account without a demo ... you can start with 10$ and it will work like 100$, only in cents ... and you can make deposits here only through crypto ... it is clear to you that this platform is filled with huge negative factors ... I don't recommend it ... you don't try it better ... why do you need it ... there is 100% risk and no benefit ...