Millbank Capital (millbankcapital.com and millbankcapital.io ) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61238143806, 442038370693
Addresses: 1 Canada Square London E14 5AA United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.millbankcapital.com.
Millbank Capital (millbankcapital.com and millbankcapital.io ) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Tax reports included|Easy withdrawals|Low minimum deposit|Smooth onboarding
Cons: Desktop app not available on Linux
After since mid-2025 with Millbank Capital (millbankcapital.com and millbankcapital.io ) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Professional team|Social trading features|Tax reports included|Risk management tools
Cons: Wish they had more educational resources|Limited cryptocurrency options
I am in a dispute with Millbank Capital (millbankcapital.com and millbankcapital.io ) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Economic calendar|Risk management tools|Fast support response|Reliable uptime
Cons: Alert system is basic
Millbank Capital (millbankcapital.com and millbankcapital.io ) locked my account without warning and demanded documents I had already submitted. for about five months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Regular platform improvements|Clean UI|Low minimum deposit
Cons: Limited ETF selection
Do not believe the bonus offer from Millbank Capital (millbankcapital.com and millbankcapital.io ). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multiple order types|Fast support response
Cons: None so far|Minor UI glitches occasionally
I gave Millbank Capital (millbankcapital.com and millbankcapital.io ) a fair chance. After for a few weeks now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Demo account available|Customizable dashboard
Cons: Minimum deposit could be lower|No dark mode on mobile
Do not use Millbank Capital (millbankcapital.com and millbankcapital.io ) for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Clean UI|Educational resources
Cons: Account statements could be more detailed
Millbank Capital (millbankcapital.com and millbankcapital.io ) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Smooth onboarding|Stable platform|Wide product range
Cons: Cannot customize dashboard fully|Research section could be deeper
The hidden fees at Millbank Capital (millbankcapital.com and millbankcapital.io ) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Tax reports included|Multiple order types|Intuitive for beginners
Cons: No fractional shares
My withdrawal from Millbank Capital (millbankcapital.com and millbankcapital.io ) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about five months of being strung along.
Pros: Full transparency|Stable platform|Customizable dashboard
Cons: No crypto staking