Millennium Specialist is just another recurring broker, that keeps opening new domain names, after getting blacklisted by government regulators like New Zealand’s FMA. Initially they called themselves Sterling Specialist, and now they renamed themselves Millennium.
How to do we know this? Because we have already reviewed more than 700 online brokers in the past decade. For complaints or withdrawal problems, read this.
Warning – Crypto Engine Scam!
Scams like the Crypto Engine trading app are constantly promoted on Facebook and other online platforms. Just like you, we also found these brokers after we signed up for an account with Crypto Engine.
Our inbox is refilled daily with spam emails which tell us to use their trading app and make millions with Crypto. Before you become the next victim of a scam, educate yourself how these scams operate, read more here.
Millennium Specialist Reviews
Our review of this broker called Millennium Specialist finds that they are offering their naïve investors, a basic web-based trading platform, which may have been developed by the Finantick company.
The software is 100% web based and it has CFD (Contract for Difference) trading on a variety of Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum, NXT, REP, ZEC and STR. Additionally, they have listed Forex, Commodities, Metals, Indicies, and Equities for trading.
Trading conditions are not the optimal, with spreads offered on $BTCUSD as wide as $450. Four account types are shown, with the minimum deposit requirement starting at $250 for the smallest account.
We see that they are offering bonus money of 50% – 100%, but if would read their terms and conditions page you will see “Bonuses are only available for withdrawal after trading 30 times the deposited amount + the bonus value”. Bonus money is a major cause for complaints among investors that want to withdraw their funds, read why.
Is Millennium Specialist a Legit Broker?
No, Millennium Specialist is not a legit broker, since they are not licensed or regulated by the government.
The corporate entity that owns this broker is not listed on their website. They list a shared office space in Cyprus as their address of: B1 359 28th October street WTC Cyprus – Trust Re Building, 3107, Cyprus. They list a contact phone number in United Kingdom is: +442037693747. The contact email address is: [email protected] . Official website is: https://www.MillenniumSpecialist.com/.
The way that the Scam Broker Investigator reviews a CFD Forex or Crypto broker to determine if they are legit or a scam, is by checking for a valid brokers license. Legitimate brokers will be licensed in the United Kingdom by the FCA or in Australia by ASIC. FMA New Zealand has warned investors not to invest with this company, see here (look at the phone number).
Compare Regulated Brokers
Who is the best CFD broker for a new investor? Smart investors always use a broker that is licensed and regulated in their country. You can see our list of most popular brokers.
ForTrade happens to be a very popular broker, because they are regulated and licensed by ASIC in Australia and the FCA United Kingdom, see here.
They offer you an intuitive web-based trading platform. Learn more at: ForTrade.com.
If you are currently investing with Millennium Specialist, please share your experience with other investors in the comment section below.