Millennium-FX has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +14-373-701-807
Addresses: 23rd Floor tower 1 The Enterprise Centre 6766 Ayala Avenue Makatai City 1200 Philippines; Trust Company Complex Ajeltake Road Ajeltake Island Majuro Marshall Islands MH9696 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.mlnfx.com.
I requested my data from Millennium-FX under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Easy withdrawals|Detailed reporting|Comprehensive tools
Cons: Would like more payment methods|Minor UI glitches occasionally
After for about five months with Millennium-FX, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Good analytical tools|Copy trading available|Regular platform improvements|Smooth onboarding
Cons: Nothing significant|No phone support on weekends
I had a dispute with Millennium-FX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Helpful community forum|Two-factor authentication|Great customer service|Risk management tools
Cons: Onboarding videos are outdated|No phone support on weekends
The reporting at Millennium-FX is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Good mobile app|Demo account available|Multiple order types
Cons: Charting tools need more indicators|Limited social trading features
Millennium-FX locked my account without warning and demanded documents I had already submitted. for the past six 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: Dedicated account manager|Copy trading available
Cons: Cannot customize dashboard fully
Millennium-FX seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: API access|Good mobile app|Intuitive for beginners
Cons: Cannot customize dashboard fully
My withdrawal request from Millennium-FX has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Stable platform|Comprehensive tools|Dividend tracking
Cons: Limited demo account features
I found Millennium-FX after hearing about them at a conference and the initial impression was positive. But for a couple of months now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Reliable uptime|Instant funding|API access
Cons: Limited ETF selection|Search feature is basic
I experienced a security concern with my Millennium-FX account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Economic calendar|Fast support response|Customizable dashboard
Cons: Inactivity fee applies after 12 months