For clarity, traders should know that Milliva does not offer trading instruments and must be aware that they are dealing directly with an unregulated broker.
Milliva.com: Why You Should Avoid This Broker
Milliva.com, a platform without a financial authority to oversee its financial services, is not regulated. The regulation claim is false because Financial Conduct Authority (UK) does not recognize this broker as one of its licensed brokers.
Milliva.com offers a free account to traders. This is a great opportunity to save your time and avoid being lured into trading real funds with an unregulated broker.
This broker doesn’t offer a money back guarantee, which means that trading on this platform is a risky business. Your money will not be refunded.
These are the cons forex traders need to be aware of in order to avoid losing their money by using a scam broker. Before depositing funds for trading, it is a good idea to verify that the broker has been licensed and regulated by financial authorities.
Withdrawal and Deposit
Withdrawal process
Milliva charges no fees for any withdrawal under its withdrawal policy. The broker doesn’t discuss the processing times.
Minimum Deposit
Milliva’s minimum deposit is $100
Milliva accepts Debit/Credit and Bank Transfer. Neteller, Bitcoin, Skrill, and Bank Transfer. This broker is risky so you shouldn’t make any payments. Be careful!
Milliva Platform
Milliva claims that it offers MT5 (Industry Standard Trading Platform), which is very good for forex trading. This doesn’t mean that the broker is legitimate. Any scam broker could offer the same thing to lure forex traders.
Leverage can reach up to 1:500. We say that you should not do this with unregulated forex brokers like this one as it could lead to your losing your money.
Milliva Regulation and Licensing
You can easily believe that this broker is not licensed. This broker is not subject to any financial regulation, which means that your money is not at risk. Unlicensed or unregulated activities are a red flag that must be avoided.
Instead, trade with TOP-RATED BROKERS
Licensed in the UK (FCA), Dubai (DFSA), St Vincent and the Grenadines and Cyprus(Cysec), Cayman Islands
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Worldwide Acceptance of Traders
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Licenced in Australia (ASIC) & Cyprus (Cysec).
Worldwide Acceptance of Traders
Minimum Trade Deposit $100WordPress Pricing Table Plugin
Conclusion: Does milliva.com have a reliable broker?
Milliva.com is not a reliable broker for traders, despite promising offers that seem too good to be true.
The broker is unregulated, meaning it is not licensed to operate in any country.
We have not recommended this broker to trade because we feel it is our duty to investigate scam forex brokers.
