Forex Milliva Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Milliva Trading Conditions

Registered Region United Kingdom

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@milliva.com

Contact Number N/A

Website milliva.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Multiple account types catering to different trader levels and needs
Access to advanced trading platforms like MT5 for enhanced trading capabilities
24/7 customer support available through various channels
Flexible deposit and withdrawal options with competitive processing times

Cons

Not regulated by any recognized financial authority
No investor protection measures available for clients
Negative feedback regarding withdrawal difficulties
Limited educational resources for traders
Potential high risk due to unregulated status

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Milliva	FXTM	EC Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Milliva Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Micro Account	Beginner traders	Low minimum deposit, high leverage	Suitable for small-capital practice
Standard Account	Intermediate traders	Competitive spreads, no commission	Requires a minimum deposit of $100
Elite Account	Experienced traders	High leverage, no commission	Requires a minimum deposit of $500
ECN Account	Professional traders	Low spreads, commission per lot	Requires a minimum deposit of $500
Premium Account	Advanced traders	Custom services, reduced spreads	Requires a minimum deposit of $5,000

Account Opening Process

To open an account with Milliva, prospective clients must follow a straightforward process. First, applicants are required to submit personal information, including their name, contact details, and date of birth. Next, employment information is necessary to verify the applicant’s financial background. Additionally, financial information must be submitted to assess the trading capacity of the individual. After this, identity verification is required, which includes uploading a government-issued ID and proof of address. Once the verification is complete, clients can proceed with the initial deposit to activate their account. Milliva offers flexibility, allowing clients to upgrade their accounts in the future, such as moving from a standard to a professional account as their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0	Offers a range of CFDs
Cryptocurrencies	Varies	$0	Access to popular cryptocurrencies

Other Fees

Potential clients should be aware of various fees associated with trading at Milliva. These may include deposit and withdrawal fees, which can vary depending on the payment method chosen. Inactivity fees may apply if accounts remain dormant for an extended period. While platform usage fees are not explicitly mentioned, brokers typically charge for advanced features. Overnight interest, or swap rates, may be applied for positions held overnight. Additionally, currency conversion fees may occur if trades involve different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Milliva User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Sophie Turner

London, UK

★ ★ ★ ★ ★

I’ve had an exceptional experience with Milliva. The MT5 platform is incredibly user-friendly and offers advanced tools that have significantly improved my trading strategy. The customer support is top-notch, always available to assist with any inquiries I have. I appreciate the competitive spreads and the wide range of instruments available for trading. Highly recommend for both beginners and seasoned traders!

James Carter

Manchester, UK

★ ★ ★ ★ ★

Milliva is a solid forex broker. I’ve been using their services for a few months, and the trading experience has been quite positive. The demo account helped me get started without any risk. While I appreciate their responsive customer support, I wish they had more educational resources available. Overall, a good choice for trading with competitive fees and a decent platform.

Emily Johnson

Birmingham, UK

★ ★ ★ ★ ★

I faced several issues with withdrawals at Milliva. It took longer than expected to process my request, which was frustrating. While the trading platform is decent, the lack of regulation raises concerns about fund safety. I recommend being cautious if you decide to trade with them, as there are better-regulated options out there.

Mark Thompson

Liverpool, UK

★ ★ ★ ★ ★

My experience with Milliva has been very disappointing. Withdrawal difficulties made me question their reliability. I also found customer support to be unhelpful during critical times. The unregulated status of this broker is alarming, and I regret choosing them for my trading needs. I strongly advise others to seek a more reputable broker.

United Kingdom Market