According to this broker, traders are their top priority, yet the company somehow failed to ensure their protection by obtaining a regulatory license. In today’s Millennium Trading review, we’ll break down why this is yet another scam and why it’s unwise to trust them with your money.
Key Features
- Company Name: Millennium Trading
- Website: https://millennium-trading.co/
- Available Contacts: +441863440192, [email protected]
- Foundation: 2024
- Services: CFD Trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
At first glance, the Millennium Trading website tries to give the impression of a solid and professional resource, but it’s just a facade. The design is so mediocre that it’s clear the developers didn’t invest enough time and effort to truly stand out among competitors.
Let’s start with the content. The texts read like a collection of clichéd phrases and empty promises you’d find on thousands of similar sites. “A broker that always puts you first”, “Security and support” — it all sounds nice but offers no practical information. Users don’t get clear answers about what specifically makes Millennium Trading different, what specific terms they offer, or what makes it trustworthy. Additionally, phrases like “Enjoy fast deposits and withdrawals” or “Trade on the industry’s best platform” are standard marketing tactics that fail to convince.
The site uses stock photos that add no credibility. The people in the images look like actors in a coworking office, and these pictures can be found on dozens of other websites. Visually, it’s just a collection of generic images with no connection to Millennium Trading or its products. For instance, photos of traders at computers show no hint of actual trading processes. It feels like the images were pulled from a free stock library, which completely contradicts the high standards the company claims to uphold.
Another key point: the site supports 8 languages, which might seem like a plus. However, this more likely creates an illusion of international reach rather than proving quality. Do they really have offices in the countries whose languages they support? Or is it just a marketing ploy to attract more users?
Overall, Millennium Trading gives the impression of a standard, template-based site with little thought put into it. The design is dull, the text is superficial, and the images are utterly meaningless.
To see what the personal account interface looks like, you’ll need to go through a standard registration process. You’ll be asked to provide your name, password, contact information, and country of residence. It’s simple.
On the personal account, the following options are available:
- Financial management.
- Opening new accounts.
- Communication with technical support.
- Additional tools: economic calendar, market reviews.
Alright, overall, everything looks normal. There are even download links for a mobile app and desktop version of the trading platform.
In the personal account, you can also see how to fund your deposit. Millennium Trading only supports cryptocurrencies, which is already a suspicious sign. Using cryptocurrency allows the founders to stay hidden and operate anonymously. Furthermore, clients won’t be able to initiate a chargeback, as this option is impossible with cryptocurrency transactions.
Our Trading Experience With Millennium Trading
The broker’s platform doesn’t appear to be advanced. Yes, the terminal supports useful features like social trading (copy-trading) and a signal service. However, that’s where the interesting functions end. This is not enough for serious trading.
Want to check order books? Or market depth? Or perhaps upload your own indicators, which are crucial for many trading strategies? The platform at Millennium Trading doesn’t support these features. It’s as if the company couldn’t afford proper software, at least MetaTrader, so it offers this primitive terminal. There’s not even a demo account available.
By the way, we don’t recommend downloading unfamiliar software from unknown sources. The broker offers versions for Android and PC (why no iOS?), but these aren’t links to official sources or app stores.
The Reality Check
So, let’s get to the main question of our Millennium Trading review — is this a scam or not? This is supposedly a British broker, yet it claims to hold a license from CySEC instead of the FCA. Why? Don’t the founders know that a British brokerage firm should first obtain permission from its own regulator, not Cyprus’s? Let’s check the registries.
First, let’s see if the broker actually holds a license from CySEC. Do you see a company named “Millennium Trading” in the screenshot below? Neither do we. It’s not in the CySEC registry, so that information is fake.
The same goes for the Companies House registry, the official business registry of the UK. There’s no such organization there either, which means the UK address is fake.
So, have we figured out if millennium-trading.co is a scam or not? Yes, without a doubt, it’s a fraudulent platform. The scammers are hiding behind a nonexistent license and a fake registration address. These are clear signs of illegal and fraudulent activity.
How Long Has Millennium Trading Been in the Game?
Moreover, the broker is even lying about its operating history. If you believe that the platform was launched in 2019, we have bad news for you. The scammers have managed to deceive you. In reality, this “broker” began its illegal activities in September 2024. You can verify this through a service that checks domain registration dates. When the website appeared, that’s when the scam started.
Extra Fraud Indicators
There are other signs indicating that this is just a fake and a scam. For example, the contact information. It’s recommended to check these out to confirm if they’re real or not. A legitimate company will provide genuine contact details, while scammers often post fake ones. Millennium Trading is no exception; their email is fake.
The broker has also awarded itself honors. This is a standard fraudulent tactic aimed at creating the illusion of a reputable, serious organization. However, behind these awards lies an empty shell. The scammers also don’t hesitate to purchase fake positive reviews about themselves. So, do not trust any positive comments.
Is Millennium Trading the Right Fit?
This is a typical fake broker created by anonymous scammers. They have only one goal — to steal your money. We strongly recommend avoiding trading on such platforms. It’s a huge and unjustifiable risk.
I regret starting to trade here… I rushed in, made a deposit, initially attracted by the seemingly favorable conditions. But it turned out these terms weren’t attractive at all. Spreads were advertised from 0 points, but in reality, they never dropped below 3-4 points, even on major currency pairs. Plus, there’s a $6 commission per lot, which is steep, as many forex brokers charge no more than $3 per lot. In the end, choosing this broker was a mistake. I definitely can’t recommend this company. The conditions are unfavorable, and there are serious concerns about security.
Scammers created the Millennium Trading platform. There’s no license, no CEO name, no registration documents. The site will close soon, so don’t even think about investing a deposit here. Otherwise, you’ll lose everything. I advise staying away and not taking the risk. Otherwise, you’ll 100% lose your deposit. I’m telling you this as an experienced trader.
A fictitious company for fraud, I have been scammed with a large amount, beware of this company
Egy átverés, meneküljetek tőlük. Hazudnak csak.
tan cuidado con este empresa son estafadores y yo también mi paso lo mismo y hecho una denuncia por ellos y espero que van a detectar lo antes posible porque siguen trabajando a robar la gente
Stay away from this scamers, i have lost every think i invest. They just make you to invest more and more byt when you wont casch out they just domt talk to you any more. Don’t make this mistake what we did and dont trost them. YOU WILL LOSE YOUR MONEY FOR 100%
They only scammed me out of 200 pounds because I realized in time that they were crooks and thieves. Avoid them at all costs!!!!