Milton Prime is a young Crypto / Forex CFD broker, that launched their trading platform in March 2020. As of June 2023 they are no longer licensed or operating in Europe.
Officially owned by Milton Global Ltd, they are located at; Office 1, Unit 2, 2nd Floor, Dekk House, Plaisance, Mahé, Seychelles. Customer support email address is: [email protected].
Official website is at: https://miltonprime.com/.
Milton Prime Review
Our review of the broker Milton Prime finds, that they are offering the standard MetaTrader4 MT4 trading platforms for Forex & Crypto Currency CFD investing. They officially have the full suite of MetaTrader trading software including; MT4 desktop version along with the Mobile Apps for Android & iOS. For MT4 servers, the server name changed from âMiltonTech-Platformâ to âMiltonGlobal-Platformâ in April 2024.
Investors at this broker will find the standard range of underlying assets available for trading including: Forex, Stocks, Metals, Market Indexes, Crypto Currency and Oil. Milton Primeâs trading platform and website is only available in English, and they do not accept clients from the United States.
Maximum leverage for European investors is 30:1, and for international clients it is 500:1. A managed investing account is offered, with management fees of 30%.
Fake Investment Advisors
Many new investors just like you, have seen âmoney managersâ flaunting their wealth on Instagram and Telegram. Or, a Forex trader may have contacted you via WhatsApp or Tinder.
Before following a Forex trader, you should know that most of these people are usually a fraud! They are setup as âIntroducing Brokersâ, and they are looking to profit from your trading volume. Look at the FCA regulated brokers, and you will see that none of them offer investment advice.
Is Milton Prime a Licensed Broker?
If you live in Seychelles, then yes, Milton Prime is a licensed and regulated broker there.
- They are licensed and regulated by the Seychelles Financial Services Authority, under license # SD040.
Previously this broker had a European operation… Their trading website was at MiltonPrime.eu. They are owned by a Cyprus company called Holiway Investments, that was licensed by the Cyprus Securities and Exchange Commission, with license number 248/14.
The most important item you should look at when researching your CFD broker, to determine if they are a legit broker or a scam broker is their license. Check to see if they are in fact licensed and regulated by CySEC in Cyprus, and the local financial regulator in your home country.
One of the many benefits of using a regulated broker is the ability to take complaints directly to your government financial regulator for resolution. Typically, regulated brokers have a much better reputation than their unlicensed peers. Certain countries like the United Kingdom, offer investors protection in the event that their broker becomes insolvent.
Compare Regulated Brokers
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup. You can see our list of most popular brokers.
ForTrade is a very popular Forex broker, regulated both in Australia and England by the FCA and ASIC, see here. Register your Free Trading Account at: ForTrade.com.
If you are already a client of Milton Prime brokers, please share your experience with other investors reading this review in the comments below.