According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $300
- MetaTrader4
- Mobile
- MetaTrader5
- Web
- FSA
- 2015
Our Evaluation of Milton Prime
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Milton Prime is a moderate-risk broker with the TU Overall Score of 5.18 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Milton Prime clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at Milton Prime
Milton Prime is regulated by the Seychelles FSA (SD040). Milton Prime is an NDD broker that offers fully transparent trading conditions. The majority of trading operations are executed within 10 milliseconds, with up to 2000 executed trades every second. One can trade with as low as 0.01 minimum lot and leverage up to 1:500. The company offers advanced trading platforms, friendly trading environment, and full protection of customer funds. Milton Prime is a partner of choice for beginners as well as skilled traders.
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TU Expert Advice
Author, Financial Expert at Traders Union
Milton Prime offers Forex and CFDs on commodities, indices, stocks, and cryptocurrencies through advanced MetaTrader 4 and MetaTrader 5 platforms. The company provides both live and demo account types with leverage up to 1:500 and a minimum deposit requirement of $300. It stands out for its transparent NDD order execution, which is completed within 10 milliseconds and features competitive spreads. There are various methods for deposit and withdrawal, including bank transfers and popular e-wallets like Neteller and Skrill.
However, Milton Prime's limited asset selection and high minimum deposit could be drawbacks for some traders. It lacks Tier-1 regulatory oversight, operating under the Seychelles FSA, which may be less assuring for risk-averse individuals. Despite user dissatisfaction regarding withdrawal delays, Milton Prime can still be a suitable option for traders familiar with elevated risk who prioritize leverage and order execution speed. Therefore, potential clients should weigh these factors against their personal trading requirements.
Milton Prime Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader4, MetaTrader5, Web, Mobile |
|---|---|
| 📊 Accounts: | Real, Demo |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank Transfer, Skrill, Neteller, BTC, USDT |
| 🚀 Minimum deposit: | 300 USD |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1-0,5 pips |
| 🔧 Instruments: | Forex, CFD on Commodities, Indices, Stocks, Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | NDD |
| ⭐ Trading features: | Cryptocurrency trading; Mobile terminal; NDD technology. |
| 🎁 Contests and bonuses: | Yes |
Milton Prime is present in 7+ locations, including Hong-Kong, New York, London, Vanuatu, Seychelles, etc. The company is proud to have more than 20,000 active customers and offer them top-level services. Milton Prime offers customers technology and expertise for their money to work smarter. Milton Prime is an NDD broker with highly competitive and transparent trading conditions. Here one can trade, invest, or use copy trading. Milton Prime typically executes 99.9% of trades without compromising on margin requirements and trading fees, so that a trader can always seize the right moment.
Milton Prime Key Parameters Evaluation
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Regulation and safety
Milton Prime has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 10 years
- Not tier-1 regulated
Milton Prime Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Milton Prime Security Factors
| Foundation date | 2015 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Milton Prime have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Milton Prime with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Milton Prime’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Milton Prime Standard spreads
| Milton Prime | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,9 | 1,4 | 0,5 |
Does Milton Prime support RAW/ECN accounts?
As we discovered, Milton Prime does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Milton Prime. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Milton Prime Non-Trading Fees
| Milton Prime | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Milton Prime offers a variety of accounts tailored for active traders and investors, allowing users to choose an account that fits any strategy, including passive income on the Forex market.
A demo version of a live account allows you to start trading without making a deposit - the broker provides a virtual balance.
Deposit and withdrawal
Milton Prime received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Milton Prime provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- No deposit fee
- BTC available as a base account currency
- Bank wire transfers available
- Only major base currencies available
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Milton Prime deposit and withdrawal options?
Milton Prime provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Milton Prime Deposit and Withdrawal Methods vs Competitors
| Milton Prime | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Milton Prime base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Milton Prime supports the following base account currencies:
What are Milton Prime's minimum deposit and withdrawal amounts?
The minimum deposit on Milton Prime is $300, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Milton Prime’s support team.
Markets and tradable assets
Milton Prime offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 50 Forex pairs.
- Crypto trading
- 50 supported currency pairs
- Copy trading platform
- No ETFs
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Milton Prime with its competitors, making it easier for you to find the perfect fit.
| Milton Prime | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Milton Prime offers for beginner traders and investors who prefer not to engage in active trading.
| Milton Prime | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address | CT House, Office 9D, Providence, Mahe, Seychelles |
| Regulation |
FSA
Licence number: SD040 |
| Official site | https://miltonprime.com/ |
Comparison of Milton Prime with other Brokers
| Milton Prime | Bybit | Eightcap | XM Group | Exness | NPBFX | |
| Trading platform |
Mobile, MetaTrader5, MetaTrader4, Web | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4 |
| Min deposit | $300 | No | $100 | $5 | $10 | $10 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.4 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 60% / No | No / 30% |
| Order Execution | NDD | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
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