MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Is Millennium a scam?
Wikilix independent safety report
70%Scam risk
Likely scamConfidence: MEDIUM
2.0/5Safety rating 2 out of 5
FX Millennium (fxmillennium.com) looks like a scam: it is an unlicensed broker that called itself a 'fully regulated broker' while holding no licence anywhere, and its website has now gone dark. It i…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation9/10 · CriticalIdentity & transparency7/10 · HighWithdrawals & conduct5/10 · ModerateReputation6/10 · HighWebsite claims8/10 · CriticalOperational history5/10 · Moderate
Editorial review
Broker Summary
What Wikilix has recorded about Millennium: its history, the licences it holds, its trading conditions and its fees.
1. Background and History—FX Millennium, which was established between 2015 - 2017, has an extensive range of products such as forex, CFDs, Commodities, Indices and Cryptocurrencies, however, while FX Millennium has been trading longer than a number of established and regulated brokers, FX Millennium has little exposure compared to these brokers.
2. Registration - FX Millennium is registered in Mauritius and possibly Saint Vincent & The Grenadine Islands, both of which have loose oversight given that these are offshore jurisdictions. FX Millennium does not have any affiliation with Millennium Management LLC, the hedge fund.
3. Key Features and Products—FX Millennium’s products allow for an average amount of diversification in a trader's portfolio.
4. Trading Platforms—FX Millennium provides MetaTrader 4 as a trading platform. MetaTrader 4 is a desktop and mobile application with robust charting capabilities, supports automated trading and includes a mobile app. FX Millennium does not offer a proprietary mobile application and has no advanced charting tools.
5. Account Types—FX Millennium does not disclose tiered amounts for the different accounts or minimum amounts for each tier, making transparency very limited.
6. Regulatory Bodies—FX Millennium is not regulated by any of the major financial regulators; therefore, any registered offshore broker has a minimal amount of oversight for the safety of customer funds and resolution of disputes.
7. Trading Conditions and Technology—The major trades such as spreads, leverage, commissions and the minimum deposits required by FX Millennium are not available to the public. Further, many offshore brokers will provide clients with highly leveraged accounts sometimes as high as 1:500; however, there are no data points available to confirm this level of leverage.
8. Platform Technology—FX Millennium has two trading platforms; MetaTrader 4 (MT4), a downloadable desktop application and web trader.
9. Technology Features—The technology features available for each trading platform differ depending on the trading platform. The key difference is that the MetaTrader 4 platform supports automated trading. Conversely, the web trader platform does not support automated trading.
10. Technology Fee Structure—FX Millennium has not disclosed what the available fees are for deposits, withdrawals, commissions or inactivity, so it is very difficult to estimate the actual cost of trading with FX Millennium.
11. User Reviews and Reputation—The user reviews regarding FX Millennium range from moderate to negative, with several common issues reported, including:
Difficulty in obtaining funds after a withdrawal request
Lack of response from customer support within a reasonable time frame
Lack of transparency
FX Millennium does not have any ratings or recognitions from any of the reputable financial regulatory agencies.
12. Developments—As of 2024/2025, there are no significant changes or improvements to sustainability; there have been no notable changes or improvements to the platform; and there have been no new developments regarding FX Millennium Business Operations. FX Millennium is clearly a low-profile offshore broker.
13. Conclusion—FX Millennium operates several popular trading platforms and provides a wide variety of financial products, however, due to a lack of regulatory compliance, poor customer support and reputation issues, there are significant risks associated with trading with FX Millennium. Therefore, traders should perform thorough due diligence to ensure that they have ample opportunity to trade successfully and securely, and that they have the support they need to be a successful trader.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Millennium. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Millennium. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Deposits & withdrawals
Funding Methods
8 ways to fund an account. 3 credit instantly. The costliest way in is Neteller at 3%.
8 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| VISACredit Card1 | Not recorded | Not recorded | USD 50,000 | Not recordedNot recorded | Instant |
| MasterCardCredit Card1 | Not recorded | Not recorded | USD 50,000 | Not recordedNot recorded | Instant |
| Perfect MoneyE-Wallet2 | Not recorded | Not recorded | USD 50,000 | Not recordedNot recorded | Instant |
| NetellerE-Wallet2 | 3% | Not recorded | USD 50,000 | Not recordedNot recorded | Up to 1 day |
SkrillE-WalletMinimum deposit fee charge $1; withdrawal fees apply; no clear withdrawal fee details publicly disclosed | 1% | Not recorded | USD 50,000 | Not recordedNot recorded | Up to 1 day |
Bank TransferBank TransferDeposit fees depend on correspondent and intermediary banks; withdrawal fees may apply | Not recorded | Not recorded | USD 50,000 | Not recordedNot recorded | Up to 5 days |
CryptocurrencyCryptocurrencyCryptocurrency-only payments flagged as suspicious; used to prevent chargebacks | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Local Bank Transfer (AED or IRN)Bank TransferReported as actual deposit option despite homepage claims; no fee or processing time details | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Broker's notes on these methods
- Withdrawal fees apply for credit card withdrawals; additional bank fees may apply · applies to 2 methods
- Withdrawal fees apply; no clear withdrawal fee details publicly disclosed · applies to 2 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
2 domains on record. All active and served over HTTPS.
2 domains
Company registry check
Company Registration
Millennium names Millennium Prime Technologies Ltd as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Millennium Prime Technologies Ltd
- Registration number
- 189348
- Jurisdiction
- Mauritius
- Registry
- Registrar of Companies (Mauritius)
Peer comparison
Brokers worth comparing
2 other brokers on the record share what Millennium offers — its country, regulator, account types or platforms — set beside it on the same measures.
2 peers
Millennium
This recordMauritius · since 2015· Millennium Prime Technologies LtdWikilix score 31.0RegulationNo RegulationMax leverage1:500Platforms1LicencesNot recordedVT Markets
Mauritius · since 2015· VT Markets LimitedWikilix score 35.0RegulationRegulatedFSCAMax leverage1:500Platforms4Licences3PSFX
Anguilla · since 2023· PSFX INTERNATIONAL LLCWikilix score 31.0RegulationRegulatedFinCENMax leverage1:400Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Millennium
Most Popular Questions
Millennium offers customer support via live chat during business hours and supports communication in English. Additional contact details such as phone numbers or emails are not specified.
Millennium offers a maximum leverage of 500. The broker uses variable spreads averaging 1.2 pips and charges commissions for VIP accounts at $6 per lot. It does not offer ECN or no-swap accounts.
Millennium supports deposits via VISA, MasterCard, Perfect Money, Neteller, Skrill, bank transfers, cryptocurrency, and local bank transfers in AED or IRN. Deposit fees vary by method, with some e-wallets charging percentage fees and credit cards having no deposit fees but possible withdrawal fees.
Millennium provides access to the MetaTrader 5 platform, which is available on web, iOS, Mac, Android, and Windows devices. MetaTrader 5 supports multi-asset trading with advanced analytics and algorithmic tools.
Millennium Prime Technologies Ltd is not regulated. It is based in Mauritius but does not hold any licenses or regulatory approvals. Traders should consider this when assessing safety and compliance.
Comments
Share your thoughts and experiences with Millennium