Score
United Kingdom
|
2-5 years
| https://milliva.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
milliva.com United States
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| MillivaReview Summary | |
| Founded | 2021-08-02 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Currency/Metals/Indices/Commodities |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| Spread | From 0.5 pips |
| Trading Platform | MT5(Android/IOS/MAC/Windows) |
| Min Deposit | $100 |
| Customer Support | Email: support@milliva.com |
| Phone: +91 96299 47607 | |
| Phone: 0427-2440458 | |
| Live chat | |
Milliva is a significant provider of online currency (FX) trading, contract for difference (CFD) trading, and associated services. Its tradable instruments include currency instruments, metals, indices, and more. The broker also provides three accounts with a maximum leverage of 1:400. The minimum spread is 0.5 pips, and the minimum deposit is $100. Milliva is still risky due to its unregulated status and bad reviews about difficulty withdrawing money.
| Pros | Cons |
| Leverage up to 1:400 | Unregulated |
| 24/7 customer support | Unspecific transfer time and fee information |
| MT5 available | Negative comments about difficulty in withdrawal |
| Spread from 0.5 pips | |
| Various tradable instruments |
Milliva is not regulated, even though it claims to be regulated by Comoros. However, an unregulated broker is not as safe as a regulated one.
Milliva offers a wide range of market instruments, including currency instruments, metals, indices, commodities, and more.
| Tradable Instruments | Supported |
| Metals | ✔ |
| Currency | ✔ |
| Indices | ✔ |
Milliva has three real account types: standard, premium, and elite. Traders who want low spreads and leverage can choose a premium account, while those with a small budget can open a standard account.
| Account Type | Standard | Premium | Elite |
| Minimum Deposit | $100 | $1000 | $500 |
| Spread | From 1.3 pips | From 0.5 pips | From 1.1 pips |
| Leverage | 1:400 | 1:200 | 1:300 |
| Commission | 0 | $5/lot | 0 |
| Swap | Yes | Yes | Yes |
The spread is from 0.5 pips, the minimum commission is 0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Milliva cooperates with the authoritative MT5 trading platform available in Android, IOS, MAC, and Windows to trade. Traders with rich experience are more suitable for using MT5. MT5 provides various trading strategies and implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Android/IOS/MAC/Windows | Experienced traders |
The minimum deposit is $100. Milliva accepts Crypto Wallets, Via Wallet, Bank Cards, UPI Wallet, and Local Transfer for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Milliva uses the MT5 trading platform, which is available on Android, iOS, MAC, and Windows. For someone like me who is used to trading on MT4, I found MT5 to be a bit of a learning curve, but it’s definitely more feature-rich. It supports advanced charting, a wide range of trading strategies, and automated trading via Expert Advisors (EA). I think MT5 is a solid choice for experienced traders, although beginners might prefer a simpler platform.
Milliva offers leverage of up to 1:400, which is fairly high. From my perspective, this means that both profits and losses are magnified, so it’s crucial to use leverage cautiously. I personally like the flexibility, but I’m also aware of the risks involved with such high leverage. As always, I recommend using leverage responsibly and making sure I fully understand its impact on my trades.
No, Milliva is not regulated. In my experience, an unregulated broker like this raises red flags, especially for someone who values the protection that regulation offers. Milliva claims to be regulated by Comoros, but that doesn't provide the same level of oversight as other well-known regulatory bodies, which is a major drawback for me when choosing a broker.
Milliva offers a wide range of market instruments, including currencies, metals, indices, and commodities. From my point of view, it’s a great selection for a trader who wants exposure to various markets. However, it doesn't offer options or shares, which might limit some traders. For me, having the option to trade different instruments is a plus, but I would have preferred if they offered stocks and ETFs as well.
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Forrest.Gan
Hong Kong
Milliva company, the MT5 trading account is suspended and cannot log in to close the position for my orders. The backstage management account is suspended and cannot apply for withdrawal. I hope I can withdraw the remaining balance in my account.
Exposure
Forrest.Gan
Hong Kong
I started trading on the platform on December 21, 2021. I made a lot of U.S. and Japanese quotations on the evening of the 27th and made a lot of money. On the afternoon of the 28th, my account was forbidden to log in. On January 4, 2022, the profit in the backstage wallet of the websitel were all cleared. I sent an email to communicate, but no email was answered. Strongly condemn the fraud platform. It is recommended to cancel the platform! ! !
Exposure
FX4058609082
India
Best Forex Trading Platform in World
Positive
FX3592587315
India
A Game Changer for Forex Traders!" Milliva has everything a trader could ask for—from fast order execution and advanced trading tools to comprehensive market analysis and insights. I’ve seen a marked improvement in my trading performance since switching to Milliva. The platform's transparency and competitive spreads make it a top choice for anyone serious about forex trading. Absolutely a game changer!
Positive
FX1744307676
India
Milliva has proven to be a fantastic platform for someone like me who's just starting out in forex trading. The demo account allowed me to practice without any risk. The platform is intuitive, yet powerful enough for more advanced trading strategies. With Milliva, I feel confident and well-equipped to navigate the forex markets.
Positive
FX2611513622
India
What I love most about Milliva is its low spreads and the range of leverage options available. Additionally, their customer support team is very responsive and always ready to help with any queries. This has made my trading journey smoother and more enjoyable.
Positive
FX9636039242
India
I've been using Milliva for a few months now, and the trading experience has been exceptional. The platform offers competitive spreads and fast execution, which is perfect for both beginners and experienced traders.
Positive
FX1764705903
India
I have had a great experience with Milliva Ltd as my forex brokerage. Their platform is reliable, and I’ve found the MT5 trading account to be user-friendly for managing my trades. The customer support team is responsive and helpful, ensuring that any issues are addressed quickly. I appreciate the seamless process for withdrawals and the overall professionalism of Milliva Ltd. It’s reassuring to know that my trading is in good hands with this brokerage.
Positive
FX2295330361
India
Milliva Ltd provides streamlined process for deposits and withdrawals, making it easy for traders to manage their funds efficiently. In addition to its financial convenience, Milliva Ltd provides 24-hour support to its users. This ensures that no matter the time of day, traders can access assistance and resolve any issues promptly, contributing to a smooth and reliable trading experience. Overall, Milliva Ltd is a solid choice for traders seeking a brokerage with easy fund management and reliable support around the clock.
Positive
A理想与愿景
Spain
I started using the broker and I was surprised by the costs to operate, comparing with other brokerages I didn't find another one with affordable cost and a wide variety of markets to operate. I advise to open an ECN account, and I can say you can feel the magic part of forex trading through its ECN account. Islamic trading accounts are also provided, but I have not tried it and have less to say concerning this part.
Neutral
FX1136628812
Australia
Milliva has a micro account that can be opened for as little as $10. I was eager to try it out, but after seeing the exposures on wikifx, I decided to go to another broker.
Neutral