MillenniumTradeX (millenniumtradex.com) has been flagged by ASIC (Australia) for "Unlicensed". 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.millenniumtradex.com.
After for over three years with MillenniumTradeX (millenniumtradex.com), 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: Detailed reporting|Personal attention|Risk management tools
Cons: Slow to add new assets|Desktop app not available on Linux
The hidden fees at MillenniumTradeX (millenniumtradex.com) 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: Comprehensive tools|Real-time alerts
Cons: Wish they had more educational resources|Cannot customize dashboard fully
I lost a significant amount because MillenniumTradeX (millenniumtradex.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Two-factor authentication|Multi-currency support|Multi-device support
Cons: Limited social trading features
The onboarding at MillenniumTradeX (millenniumtradex.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Clean UI|Easy to use platform
Cons: Alert system is basic|Nothing significant
Do not use MillenniumTradeX (millenniumtradex.com) for anything serious. I used them since I retired last year 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: Clear documentation|Demo account available|Stable platform|Tax reports included
Cons: No crypto staking|Minor UI glitches occasionally
MillenniumTradeX (millenniumtradex.com) 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: High security standards|Excellent charting
Cons: Some tools only available on higher tiers|Charting tools need more indicators
After spending since last summer trying to make MillenniumTradeX (millenniumtradex.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Customizable dashboard|Transparent fees
Cons: Limited ETF selection
What really bothers me about MillenniumTradeX (millenniumtradex.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after seeing their ad online and I fell for the polished exterior. Never again.
Pros: Economic calendar|Excellent charting|Stable platform|Regular updates
Cons: No dark mode on mobile|Minimum deposit could be lower