MillenniumOne Review (milleniumone.io) FRAUD EXPOSED – Millennium One Scam Broker

×
Alert!

• – Can’t withdraw your funds from your account?
• – Has the broker asked you to pay more money?

It’s a CONFIRMED FRUADULENT BROKER, recover your money by clicking on the form below and you will get a FREE Got-Payback consultation right away:

MillenniumOne Review (milleniumone.io)

Conclusion

When you take apart the claims that MillenniumOne has made on its website, you will have no trouble in concluding that it is a scam.

Broker Rating

0.1

GET YOUR MONEY BACK FROM THIS BROKER!

MillenniumOne (milleniumone.io) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! MillenniumOne scam works by getting you to believe you can become rich by trading with them.

MillenniumOne.io Review

Scams are prevalent over the internet and while there are different types of them, online trading scams have become quite notorious. This is because they involve huge sums of money and despite knowing about their existence, millions of people have fallen into their trap. They continue to happen even today and this is mostly because the victims are unaware of how to identify them. They know these scams exist, but do not know what makes a brokerage a scam. You can take advantage of this MillenniumOne review to learn more about it.

Most people do not realize that these scammers also understand that people know of their existence. Therefore, they make some effort to ensure they people cannot identify them at first glance. Otherwise, they would not be able to do what they want. Their goal is to hoodwink people and they accomplish this by presenting them with everything they are looking for in a neat little package. When people stumble across such offerings, they are going to have a hard time resisting them and this is what these fraudsters want.

Do you want to play right into their hands? Of course, you do not want to see that happen and the best way to avoid it is by figuring out how you can distinguish a scam brokerage from a genuine one. Even though it sounds challenging, it is not that complicated. The fraudulent platforms may have a sophisticated appearance, but they are still scams underneath it. Giving them a closer look will do the trick, as it does in the case of MillenniumOne. Presented as one of the top forex and CFD providers globally, it claims to be regulated in several jurisdictions.

It is also offering great trading conditions, including low spreads, leverage as high as 1:1000 and fast trade executions. You will also find that MillenniumOne claims to have headquarters in London, which goes along well with the rest of the offerings. But, you will soon discover that all of this is just to lure people in because MillenniumOne is just another scam. What makes it so? You can see below:

False licensing and regulation claims

If you believe everything a brokerage is telling you, then you are making a huge mistake that will haunt you later. Nothing can be taken for granted in these times, which means you need to be extremely diligent. The greatest proof of the legitimacy of an online broker is their licensing and regulation because it indicates that they are compliant with laws and maintain standards in terms of service. Therefore, you need to focus on their licensing first and then look at anything else.

When you do the same with MillenniumOne, you will find the first indication that you are dealing with a scam. As mentioned earlier, the brokerage claims that it is regulated in several jurisdictions. That sounds good, but the trouble is that when you go through their website, you will not find any information about these jurisdictions. Where exactly is it regulated? There is no information available about it and they want you to take their word for it.

That would be extremely foolish because it is what every scam would want you to do. Apart from that, another claim that MillenniumOne has made is that its headquarters are in London, United Kingdom. It has an address listed on its website that puts it there. But, to be based in London means having a license from the Financial Conduct Authority (FCA). You can check their website, but MillenniumOne is not listed there, which means it is operating illegally in the UK, or its address is false. Either way, the brokerage does not seem to be reliable.

Extremely high leverage

You are going to find further issues with MillenniumOne when you go through its trading conditions because they are certainly not for your benefit. Sure, the talk of high leverage sounds attractive, but you should remember that leverage is a double-edged sword that can also increase your losses and not just profits. This is why many regulatory bodies have put a limit on the amount of leverage to be offered to retail traders.

For instance, the FCA in the UK does not permit brokers to go beyond leverage ratios of 1:30, yet MillenniumOne is offering leverage as high as 1:1000, even though it claims to be in the UK.

High minimum deposit

Traders are required to make minimum deposits for opening an account with an online broker. This has been the norm for a while, but nowadays many of them waive off this requirement, or keep it low. It is definitely not the case with MillenniumOne because you will find that it asks its clients to deposit at least $1,000 to open an account. This is considered quite high because standard requirements do not go beyond $250. It is also a sign of scam because most fraudulent platforms ask for higher initial deposits because they know they are unlikely to get another one once their jig is up.

Lack of professional trading software

What is the most vital feature of your trading journey? It is the trading software provided to you by the broker you decide to use. The software lets you track the markets in real-time, enjoy trade execution and also gives you the tools needed for making your decisions. There are different types of software available and it is up to the brokerage to decide what to offer.

The trading software that you will find at MillenniumOne is nowhere close to professional because it lacks the advanced trading technology needed for keeping up with the markets. It is a web trading software that is very basic and oversimplified and does not have most of the tools that traders require. These are usually available in platforms like the MT4 and the MT5 that are now considered the industry standard.

Conclusion

When you take apart the claims that MillenniumOne has made on its website, you will have no trouble in concluding that it is a scam.