Global Forex Broker Regulatory Inquiry APP

Score

1.31 /10
Danger

MFG

United Kingdom

2-5 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk

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Comparison

Quantity 13

Exposure

Open Account
Website

Score

License Index 0.00
Business Index 5.46
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+448888888

Broker Information

More

Company Name

MILLINIUM FORTUNE GROUP LIMITED

Company Abbreviation

MFG

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2023-05-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    MFG · Company summary

    Note: Since this brokers official site (https://www.milliniumfg.com/en/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

    General Information

    MFG is allegedly a Britain broker that provides its customers with supreme trading platforms, some trading instruments with leverage as high as 1:1000, and a choice of three different tailored account types.

    Account Types

    There are three live trading account types offered by MFG, namely Standard, ECN and VIP. However, we cannot find any useful information about the minimum initial deposit to open an account on the Internet.

    Leverage

    Clients holding different account types can enjoy different maximum leverage ratios. The traders on the Standard account enjoy the maximum leverage of 1:1000, while the ECN and VIP accounts both with leverage as high as 1:500. Attention that too high leverage is not always beneficial for traders due to its consistent gains and losses.

    Customer Support

    MFGs customer support can be reached through telephone: +448888888, email: support@milliniumfg.com. Company address: Apartment 1804 55 Upper Ground, London, England, SE1 9EY.

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    王苏彬
    more than one year
    MFG is totally a scammer. After cheating many people out of their money, it just shut down its website and pretend to have never existed. I sincerely wish they can be brought to justice!
    2023-02-15 17:34
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