Established in 2018, MLNFX, known as Millennium-FX, is a non-regulated Forex broker offering trading services in CFDs, commodities, currencies, indices and equities. MLNFX provides retail traders with a choice of account types from $250, and access to the popular MT4 Forex trading platforms from all devices. MLNFX is operated by South Beach Technologies Ltd, incorporated under the laws of the Marshall Islands.
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Clients can choose from four types of trading account types, according to their needs. All account holders gain access to the MT4 suite of trading platforms with 24-hour support and mobile trading on the go. We saw that customers may be offered voluntary promotional bonuses and incentives, following account registration and at random intervals thereafter. However, it’s important to read the bonus terms before accepting, as clients are restricted from withdrawing funds until bonus conditions are fulfilled.
MLNFX Beginner Account
MLNFX Silver Account
MLNFX Gold Account
MLNFX Diamond Account
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Millennium-FX provides the entire suite of MT4 trading platforms, easily accessible from all devices. It allows access through the browser of any internet connected device, as well as providing trading over mobile phone and tablet apps.
MT4 Trading Platform Features
The MetaTrader4 trading platform is a powerful and precise trading system, undoubtedly the most popular Forex and CFD trading platform in the world. The MLNFX MT4 offers trading across multiple asset classes, including traditional and cryptocurrency pairs, stocks, indices and commodities. Whilst the secure software client must be downloaded and installed on desktop computers, it uses minimal resources, thereby maintaining rapid execution speeds.
Notably, the MT4 is a favourite with novice and experienced traders, as it’s easy to use, has in-built support, multiple languages and is fully customisable. Importantly, the MT4 has multiple tools including 3 execution modes, 2 market orders, 2 stop orders, 4 pending orders and a trailing stop. Moreover, the Millennium-FX MT4, features dozens of popular pre-loaded indicators and charting tools, as well as the possibility of loading custom designed indicators, to assist with market price analysis. The development and employment of automated trading techniques is very popular on the MT4. Importantly, the built-in programming language, allows traders to create personalised indicators and trading strategies.
MT4 WebTrader Platform Features
The Millenium-FX WebTrader allows customers to trade Forex, cryptocurrency pairs and CFDs directly from the browser of any operating system, including Windows, Mac and Linux, without requiring any software download. As the WebTrader is a part of the desktop solution, it provides all the advantages of desktop trading, including 30 technical indicators for technical analysis, and all types of trading operations. Importantly, the WebTrader is safe to use, as transmitted data is securely encrypted. Moreover, traders using the WebTrader enjoy one-click trading, real time quotes in Market Watch and access to their personal trading history.
MT4 Mobile Trading Platform
Traders at Millennium-FX can trade in financial markets, securely on the move, whilst away from their computers. Traders get access to the complete set of trading orders seen on the MT4 desktop version, with financial news and live trading alerts. Moreover, the mobile trading platform includes full support for all the trading functions, and analysis using technical indicators and graphical tools. The Millenium-FX MT4 mobile apps are available in the App Store and Google play for iOS and Android powered phones and tablets.
Why Trade Cryptocurrency Pairs?
Millenium-FX offers CFD trading in cryptocurrency pairs on the MT4 platforms. Clients can trade in both the rising and falling prices of multiple digital currencies including Bitcoin, Ethereum and Litecoin against USD and EUR. Importantly, CFD crypto trading doesn’t involve buying the physical crypto assets but only trading in their relative values. Whilst illiquid cryptocurrency markets can make it slow and difficult to sell crypto assets, CFD trading allows traders to open and close positions instantly, as they don’t own the underlying assets. Moreover, risk management tools such as Stop-Loss and Take-Profit orders can be implemented to automatically exit markets at pre-set levels.
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Customers with Millennium-FX can contact customer support 24/5 over the live chat on the interface, and by phone to +14378867226. Alternatively, clients can submit a contact form directly from the ‘contact us’ page or send an email to the support team in the support centre. Unfortunately, MLNFX does not provide a FAQs page, making it necessary to rely on customer services for all enquiries. Nevertheless, we were impressed with the vast range of educational resources offered free to all registered MLNFX customers. Materials include several eBooks covering crypto, Forex, stocks and CFDs. Comprehensive video tutorials include 17 lessons in Forex trading and 10 lessons on crypto trading, plus several lessons on CFDs, trading psychology and strategy as well as stocks and indicators. Importantly, the education section provides lessons on using the MT4 platform as well as the WebTrader and MT4 mobile trading platform.
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Customers can choose to fund their accounts in the base currencies USD, GBP or EUR. Funding methods supported by MLNFX include Visa, Mastercard, American Express and Diners Club credit/debit cards, as well as SWIFT bank wire transfer. A range of electronic payment methods are also available, such as Sofort, WebMoney, Skrill, Neteller and Poli. Notably, on account registration, customers are given a choice of funding methods available in their country of residence. To submit a withdrawal request, customers must fill in the withdrawal form on the personal account page. Subsequently, the completed form must be printed, signed by hand, scanned and sent by email to MLNFX. Processing of withdrawal requests can only begin when all compliance documentation has been received and approved by the compliance officer. Moreover, processing typically takes 3-5 business days, and several more to reach customers’ accounts. Required compliance documents include a colour copy of an official ID and a utility bill proving residence. We were pleased to see that the minimum withdrawal amount from MLNFX is just £$€50 and withdrawal fees are not charged on the first withdrawal amount each calendar month. However, subsequent withdrawals in the same month are charged undisclosed processing and handling fees. We saw that payment clearing services for MLNFX customers, are provided by Landscape Marketing Ltd.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
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