Reviewing Milton Prime – Is it a legit broker?
There are many Forex brokers in the market offering service to traders around the world. However, not all of them are equally good. There are some that offer traders better services than others. One of the Forex brokers that is known for its safety and security in the market is Milton Prime.
Milton Prime offers traders access to numerous trading assets, and thanks to the regulatory framework of two separate agencies, the broker is very safe. With its tight spreads, no commissions, and very competitive trading conditions, Milton Prime is among some of the most popular Forex brokers in the market.
But, there is much more that you should know about this Forex broker before you start trading. In our review of Milton Prime, we are going to discuss all of the details that might be useful for everyone who wants to trade with this Forex broker. So, follow our review as we discover more about Milton Prime.
How to start trading at Milton Prime – Few easy steps
There are many beginners in the market that are having a hard time getting started. Thanks to the user-friendliness of Milton Prime, getting started in this market is very easy and simple. First of all, you will have to create a live trading account. Then, choose which assets you want to trade, deposit funds on your account, decide which assets you want to trade, open the trading platform and start trading Forex.
Creating a live account at Milton Prime
To get started at this Forex broker, you will first have to create a live trading account at Milton Prime. The process of signing up at this Forex broker is very straightforward and easy, however, it could take up to one day to have your account verified. The main reason for it is that the broker will need to verify your identity.
The broker offers three types of accounts to trades and you can create the one that fits your needs the best. The minimum deposit for each of these accounts is different and starts from just $300. If you are an absolute beginner in the Forex trading market, you can create a demo trading account.
This account is very popular among traders with little or no experience in trading. Thanks to the demo account, you can learn more about Forex trading and get enough skills to trade Forex better. However, it should also be noted that a demo account can also be very helpful for those who already have some experience in Forex trading.
There are many experienced Forex traders who are using demo trading account to test out different types of Forex trading strategies and see which ones work better for them. Keep in mind that the demo trading account is for practice only and you will not be able to make any profits with it.
Payment methods of Milton Prime reviewed
Once you have created a live trading account, it is time for you to make your first deposits. Although there are not so many methods of payment that you can use, this process is still very easy. The best thing about it is that the broker does not charge any fees on deposits nor withdrawals. The only fee charged by the broker is the inactivity fee, which is charged after 60 days of inactivity.
You can deposit funds on your trading account using bank transfers or online payment solutions. The broker does not offer traders payments with credit or debit cards.
Review of Milon Prime trading assets
Once you have created a live trading account and made your first deposits, it is time for you to choose which assets you want to trade. There are many options that traders have in this regard, which is a great advantage. Among the trading assets of the Forex broker you can find:
- Currency pairs
- Precious Metals
The broker largely focuses on Forex currency pairs trading. There are more than 50 currency pairs available at this Forex broker. This includes currency pairs such as Majors, Minors, and Exotics. In addition, thanks to CFDs trading, you can trade assets such as precious metals, energies, stocks, and indices.
CFDs trading is very popular around the world. The main reason for it is that to trade CFDs, you do not have to own the underlying assets. CFDs give you the ability to trade according to the price movements in the market and speculate the direction market might take.
Trading platforms available at Milton Prime reviewed
The Forex broker offers traders one trading platform, MetaTrader 4. However, there are several versions of this trading platform available at this Forex broker.
MetaTrader 4 is known around the world as a leading trading platform. It was created many years ago, in 2005, by a famous Russian company called MetaQuotes and since than, it has been used by thousands of Forex brokers. MetaTrader 4 is very user-friendly and offers traders access to numerous trading tools.
This includes trading indicators, charting solutions, and many others. MetaTrader 4 can make trading for beginners as well as for experienced traders a lot easier and enjoyable. You can download MetaTrader 4 from the website of the broker and start trading today.
There also is a special version of the MetaTrader 4 available at this Forex broker which can be used directly from your browser and does not require to be downloaded. It is a perfect choice for those who do not want to download additional applications to their computer.
Mobile trading at Milton Prime
The Forex broker also offers its clients mobile trading capabilities. Thanks to this, you can trade Forex no matter where you are. Even if you are on the go, you can stay connected with the Forex trading market. This can be very beneficial for traders, especially for those who are traveling very frequently.
There is a special version of the trading application available for smartphones.
Trading conditions of Milton Prime
There are several things that make this broker stand out from others, but one thing that makes it really different is the trading conditions. The minimum deposit to start trading at the Forex broker is $300, and the leverage can go up to 1:1000. The spreads at the Forex broker are very tight, and there are no commissions applied to the payments.
How safe is Milton Prime?
When it comes to Forex trading, one thing that can really make a difference is the safety and security of your funds. According to our review of Milton Prime, the broker is licensed by two regulatory agencies well-known around the world. These are the FSA of Seychelles and CySEC.
FSA is an offshore regulator, while CySEC is the main regulatory body of Cyprus. As Cyprus is a European country, it is obligated to strictly follow the European Forex trading rules. Thus, the services of Milton Prime are very safe and secure. Also, according to the Forex trading laws in the EU, every broker that is licensed in any of the European countries is able to offer services to every EU-member state.
Can Milton Prime be trusted?
After reviewing Milton Prime and learning more about the Forex broker, we are able to say that Milton Prime can be trusted. Among many other things, the Forex broker offers traders a safe and secure trading environment. In addition, there are different types of trading assets available for traders, which include currency pairs, stocks, indices, and so on.
Because of the amazing services that the broker offers, we recommend trading with this broker.