Millennium Specialist provides brokerage services and promises financial prosperity. The firm is registered in Cyprus or Switzerland, but there are no legal documents on millenniumspecialist.com. There are few reviews on the Web, which indicates a little work experience. We will analyze what the broker hides from potential customers. Maybe we met a scammer? Don’t forget to share your opinion at the end of the article.
- Millennium Specialist General Information
- Registration and Client Portal Review
- Millennium Specialist Trading Conditions
- Account Types Review
- Trading Platform
- Millennium Specialist — Deposit and Withdrawal of Funds
- Verification
- Is Millennium Specialist a Scam?
- Legal Information and License
- Millenniumspecialist.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Millennium Specialist General Information
| Website | https://www.millenniumspecialist.com/, https://millennium-specialist.com/ |
| Phone number | None |
| support@millenniumspecialist.com | |
| Address | Rte de Pré-Bois 29, 1215 Meyrin, Switzerland |
| License | None |
| Minimum deposit | €250 |
| Assets | CFD |
| Leverage | From 1:1 to 1:1000 |
| Trading platform | WebTrader |
Registration and Client Portal Review
The Millennium Specialist website looks boring. We understand right away the company provides not the best quality brokerage services.
The first step on the millenniumspecialist.com platform is to create an account.
After entering the data in the form, you can use your client portal. We were surprised there were no links to the email.
On the left side there is a vertical panel with tabs: My Account, Personal Details, Trading History, etc.
Web Trader has a demo account for practice.
Millennium Specialist Trading Conditions
Broker promotes itself as a marketplace with competitive spreads, deep market knowledge and safe custody of funds. The initial deposit for trading is 250 euros.
Account Types Review
The firm has high requirements for switching to the next account. You need to have a million euros in your balance on a corporate tariff.
| Name |
Minimum Deposit, EUR |
Leverage |
Options |
Margin Loan |
| Bronze |
250 |
— |
Premium signals, Individual trading |
— |
| Silver |
10 000 |
1:200 |
Daily news, Weekly market review, Client manager |
25% |
| Gold |
50 000 |
1:200 |
Daily portfolio progress report, Session with an accountant |
35% |
| Platinum |
100 000 |
1:200 |
Weekly 1-on-1 with market Analyst, Account monitoring |
50% |
| Diamond |
250 000 |
1:300 |
Individual education, VIP events |
75% |
| Corporate |
1 000 000 |
1:400 |
Unlimited access, Super tight spreads |
100% |
Trading Platform
The trading takes place on Millennium Specialist’s platform. It works on any device and has powerful features. Experts are ready to attend to the client 24/7 via email or WebTrader chat.
Millennium Specialist — Deposit and Withdrawal of Funds
You can deposit your account by:
- Visa/Mastercard
- Bank transfer
- Cryptocurrency.
Millennium Specialist does not charge any fees for depositing funds. However, the transaction amount will be charged a fee by the payment system or bank that orders your money.
Verification
Only verified users are allowed to start trading on the Millennium Specialist platform. To confirm the data, you must provide a photo of the following documents:
- ID (passport)
- Utility bill with registration information
- Credit card (both sides).
Do not provide personal data to a suspicious company!
Is Millennium Specialist a Scam?
The broker does not look like a reliable organization or a leader in its industry. Searching for problems did not take us long.
Legal Information and License
The legal address belongs to the World Trade Centers Association. Its offices are for rent. At the moment, 18 companies are listed as clients. But there is no Millennium Specialist among them.
For some reason, the contacts contain a Swiss address. By the way, the World Trade Center is also located here, only in Geneva.
Both Trade Centers are just names of buildings. So, Millennium Specialist does not have a legal registration. It’s not in the registers either.
Cypriot brokers are required to get permission from local regulator CySec. Millennium Specialist did not receive a brokerage permit, so it may be a scam.
Millenniumspecialist.com Domain Info
Based on the name, specialists of the millennium work here. (Whatever that means.) In fact, the domain was registered less than a year ago. Suddenly, the registrant is in the Netherlands.
Contacts Review
The Millennium Specialist doesn’t even have a phone number. Issues should be resolved via email or feedback form.
Experts are on call 24/7. We posted a message on the feedback form. No reply from Millennium Specialist came even in three days.
Pros and Cons
- Quick registration on millenniumspecialist.com.
- No phone number
- No license and address
- Unreliable WebTrader
- Negative traders’ reviews
- No responses.
Millennium Specialist is a scam. The broker has no legal registration or license. It is absolutely not entitled to provide financial services. For the safety of your funds, do not contact it.
Frequently Asked Questions (FAQ)
The company offers to trade CFDs. There are 6 trading accounts for different clients.
The minimum deposit there is 250 euros.
No, your money may be lost. The broker is not licensed and uses third party addresses.
Do Not Trust!
I have not seen a single comment where people would show real evidence that they were able to withdraw money from this scam.
And until they give me all these proofs, I won’t step foot here. Millennium Specialist is simply obliged to withdraw money, but if he does not, then this means that he is a scammer. That’s it, you don’t have to think about anything else.
A lot of negativity
Firstly, without any license, secondly, without a long term of work, thirdly, without financial statements, fourthly, with inadequate conditions, and fifthly, without guarantees. How many negatives can you list?
Haven't decided to open an account yet
I think, is it worth it to open an account here? On the one hand, Millennium Specialist is a cool broker based in Switzerland. This is a secure jurisdiction. The conditions here are more or less normal. You can practice on a demo account, feel the platform, and test strategies. But on the other hand, I do not like the fact that the license issue is not clear.
I’ve lost my money in this fake
I didn’t even really think that it was possible to lose money on Forex because the company does not return it. That’s how I got in touch with the Millennium Specialist. I thought this broker could be trusted with money, that it was really possible to trade and earn here. But it turned out that everything was not like that at all. I traded for a while, maybe two weeks, and I managed to earn some money. My deposit was 500 EUR, and I earned another 100 EUR on top of it. I decided to withdraw these 100 EUR. The withdrawal was issued to the same details from which I deposited (PayPal). So, more than 3 weeks have passed since the application for withdrawal. I still don’t see my money. Is there any way to solve this issue or not? Anyone in the know, is there a solution?
Scam.
As I see it, they robbed their customers and closed the project. What would you say now? I mean, who wrote the best reviews about Millennium Specialist. The site is closed, and the terminal is blocked. It’s good that I’m smart enough not to get involved with such brokers who do not have a license or a term of work. I really don’t understand who believes this crap.