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/10

Milano MFX

Malta Malta | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

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

Website

Rating Index

Contact

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

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Malta
Operating Period
5-10 years
Company Name
Milano MFX Ltd
Email
info@milanomfx.com
Contact Number
800.14.55.94
Verified Site
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Official Website

Verified Site

  • milanomfx.com
    35.246.6.143
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
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Milano MFX

Related Companies

MILANO MFX LTD(Malta)
Malta
MILANO MFX LTD(Malta)
Active
Malta
Registration No.C90927
Est. Date
SourceWebsite Announcement

Company Profile

Company Profile

Review 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.

Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is Milano MFX safe to trade with?

Milano MFX Ltd is not considered safe for trading, as it operates as an unregulated entity with no valid forex licenses, resulting in a severe absence of investor protection and oversight.

In a week
United States

Is Milano MFX regulated?

No, Milano MFX Ltd is not regulated; it operates without any verified mainstream regulatory oversight or licenses from financial authorities.

In a week
United States

When was Milano MFX established?

The broker has been operational for approximately 5 to 10 years.

In a week
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

In a week
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

In a week
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

In a week
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

In a week
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

In a week
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com