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Milano MFX

Malta|5-10 years|
High potential risk|

https://www.milanomfx.com/index.php?ln=en

Website

Rating Index

Contact

800.14.55.94
info@milanomfx.com
https://www.milanomfx.com/index.php?ln=en

Licenses

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

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Milano MFX · WikiFX Survey

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Milano MFX · Company Summary

General Information & Regulation

Milano MFX is a CFD broker owned and operated by Milano MFX Ltd, an investment company registered in Malta. It should be noted that Milano MFX is not subject to any regulation, so investing with this broker is a risky activity.

Markets Instruments

Milano MFX offers its traders currency pairs, cryptocurrency pairs, commodities, equities and 17 index CFDs.

Minimum Deposit

The Mini account requires a deposit of $500, which is a higher minimum than most other brokerages. Traders need to deposit $5,000 to gain access to the Standard account, where all features are available. The Gold and Platinum accounts require deposits of $10,000 and $35,000, respectively, without contributing any significant advantages.

Leverage

The maximum trading leverage offered by Milano MFX is up to 1:200. Some professional traders may hold that this leverage level is not that generous, yet inexperienced traders are not advised to use too high trading leverage.

Spreads & Commissions

Forex and metals CFDs are commission-free, while energy, cryptocurrencies, equity, and index CFDs carry a fee. The pricing structure lists EUR/USD spread listed at 2.5 pips, much higher than the industry standards.

Inactivity Fees

After 90 days of inactivity, a monthly maintenance fee of 5% applies.

Trading Platform Available

What Milano MFX offers to its traders is not the MT4 or MT5 trading platform, and it is a web-based trading platform.

Deposit& Withdrawal

Milano MFX neither provides a list of accepted deposit and withdrawal methods nor does it maintain a dedicated section on its website, which is highly unusual. Nevertheless, they do provide a list of logos indicating what systems they use, including credit/debit cards, Skrill, Neteller, OrangePay, and MNP.

Customer Support

The Milano MFX customer Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform.

Broker Information

Company Name

Milano MFX Ltd

Abbreviation

Milano MFX

Regulatory Status

No Regulation

Platform registered country and region

Malta

Phone of the company
  • 800.14.55.94

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Customer Service Email Address
  • info@milanomfx.com

Company Summary

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