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Trade Millinium Review: Trademilinium.com Forex Scam

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Trade Millinium Review: Trademilinium.com Forex Scam

Trade Millinium (Trademilinium.com) is another rotten Binary Options, Crypto Currency and Forex broker scam operating under false pretense. TradeMillinium is purporting to offer expert finance advice which is a false claim. Members are crying foul over the ill-treatment they have been receiving from this broker. To add salt to injury, the broker is openly stealing from anyone who signs up. Read this detailed TRADE MILLINIUM Review and get the truth.

Trade Millinium Review

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Trade Millinium Review

After receiving numerous email complaints from members, we knew trouble was brewing. Members have gone for months without having access to their funds. As it turns out, Trade Millinium is blocking members from withdrawing their funds. What these scam artists are doing is disgusting to say the least. Why would they refuse members access to their funds? Why do investors sign up with rogue brokers in the first place? Empty claims and promises are a leading cause.

These scam artists know for a fact we all want to make an extra buck or two. And this is why they offer over the moon claims and promises. Trade Millinium is no different as they are promising heaven only to deliver hell. With claims of having the smoothest channel for creating profits, investors easily fall for this claim. These are scam artists who will do or say anything to make sure you sign up with them. Opening an account with TradeMillinium will lead to more harm than good. Read on to find out why opening an account with this broker is a ride to hell.

About Trade Millinium

One of the most shocking details we discovered is the level of anonymity with this broker. Trade Millinium claims to be located in the United States and has a phone number listed. What we know is scam artists are buying virtual number to try and feign US address. For all we know, this broker could be based offshore. Offshore brokers are known for flaunting set industry rules and regulations. They are also known for faking their addresses in order to target American and European investors.

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Who are the founding members of this platform? There are no details concerning the actual names of people running this platform. Don’t you find it weird why these scam artists fail to give a single name? They are afraid of the backlash they would receive from authorities and victims. Investors are depositing funds to an unknown third party. Stay away from these scam artists as they will take your money and leave.

Are Funds safe with Trade Millinium?

How can funds be safe from an anonymous broker? To start with, Trade Millinium does not inform members where they bank deposits? How do they handle funds deposited by members? Which banking institution do they use to store funds? Lack of this vital information is telling signs we are dealing with a hoax. Is it possible members are depositing funds straight to owner’s bank account?

To understand the extent to which scam artists will go, you need to know amounts being stolen. Magnus had deposited $25,000 and was hoping this platform would help him make profits. After a few losing trades, his balance was $17,000. He decided to cut his losses and withdraw his funds. Two months down the line, he has not been able to withdraw and his account has been closed. Trade Millinium insist his account was closed as a result of not reaching required trading volume.

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Features of Trade Millinium/Disadvantages

Accounts Offered

Trade Millinium is providing users with four different account types to choose from. Investors are furnished with Bronze, Silver, Gold, and Platinum account. What we immediately noticed with these accounts is the high acceptable minimum required deposit. Did you know Bronze account holders which is the basic account, must deposit $500 to start trading? Industry set minimum required deposit is $250. It seems this broker is simply out to extort unsuspecting investors.

Trade Millinium Account Types

Deposit and Withdrawal

Another perturbing issue with this broker is in regards to account funding. Depositing with TradeMillinium is easy and quick. Depository channels include Bank Transfer, Bitcoin, and Western Union. These scam artists are targeting any and all types of investors. A big problem with this broker remains withdrawing funds. Most members have had their accounts closed after sending withdrawal requests.

Is Trade Millinium licensed or regulated?

After conducting a thorough search using various regulatory bodies, we noted Trade Millinium is not licensed. We contacted leading regulatory bodies to confirm the registration details of this broker. What we found out was Trade Millinium lacks any valid licensing details. Where is their licensing or registration number? These are pure scam artists who are conducting Forex trading services without a license. Opening an account with an unauthorized broker will cause you more misery.

A legit and open broker will post copies of their licensing certificates for all to see. Trade Millinium should have gone to international regulatory bodies for a valid license. These institutions include ASIC, COSNOB, CySEC, FCA, FSA, NFA, and SEC. A broker who is licensed by any of the mentioned regulatory bodies is a safe bet. Stay away from TradeMillinium as they are simply trying to steal your funds. Once you deposit funds, these scammers will go underground.

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Doctored Testimonials

Another unsettling issue we found with this broker is having fake testimonials. Charles claims to have invested $600 and got a ROI of $18, 940 in just seven days. Another “member” Karan claims to have invested $500 and made a profit of $20,000 in seven days. Numbers don’t lie and there’s no robot or professional who can make such a high ROI in such a short period. These are all doctored testimonials.

Fake Awards

If you scroll down their homepage, one can see various awards being displayed. These awards include Best Customer service Global 2017, Top Customer service provider 2016, and more. What these scam artists are after is portray an award winning platform. If you look closely at the award badges, they are simply downloads. Name of TradeMillinium is not engraved in any of these awards. It says a lot on what scam artists will do and say to get you attention.

Is Trade Millinium a scam?

After checking all the evidence and reviews online, we can safely state Trade Millinium is a scam. Make sure to warn your family and friends from joining this brokerage firm.

Bottom line

Trade Millinium Binary Options Crypto Currency and Forex Broker Review

To protect our readers from such scams, we will be adding this broker to our scam blacklist. Stay away from brokers who share such characteristics.

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Wishing you a successful trading experience.

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