milltrade.net

[oportunis]

Hello, has anyone tried this broker - https://en.milltrade.net

They seemed OK, were regulated by Russian regulator, had their own trading platform offered bonuses etc.
All that was the reason I invested 300$ into their GOLDEN7 program for trial.
Now that I want to withdraw my initial deposit there are many complications.
First they wrote they are overtaken by another broker MMCIS, than they wrote that all withdrawals have been canceled and restrictions were made, so that you can withdraw only 250$ every 14 days.
Tomorrow will be exactly 14 days since my withdrawal request and I will see if they will deposit my money back.
Has someone else tried them, could you please share your experience?

 

[Pharaoh]

I'd never heard of them, but a quick Whois check turned into a geography lesson.

Admin Name: MILL TRADE LIMITED
Admin Organization: MILL TRADE LIMITED
Admin Street: TrustCompany Complex, Ajeltake Road
Admin City: Ajeltake Island
Admin State/Province: Majuro
Admin Postal Code: MH 96960
Admin Country: MH


That's in the Marshal Islands, and is just a trust company. This means the real owners are not easily determined.

You may want to contact MMCIS and ask if they know anything about the claimed takeover.

 

[oportunis]

Hello,

yesterday was exactly 14 days since my withdrawal request and still no money deposited to my bank account.
Today I received an email from them, that trading is temporarily suspended because the payment aggregator "Dengi online" was illegally cut off the channel of the company's liquidity.

It seems that everything is pointing that this broker is another scam. However I made another withdrawal request as the 14 days have passed, so now I have 2 pending withdrawals and we shall see if something will happen in the next few days.

I'll update as soon as I receive more info and would like to encourage the rest of traders/investors to share their experience with this broker.

 

[FxMaster]

Hello,

yesterday was exactly 14 days since my withdrawal request and still no money deposited to my bank account.
Today I received an email from them, that trading is temporarily suspended because the payment aggregator "Dengi online" was illegally cut off the channel of the company's liquidity.

It seems that everything is pointing that this broker is another scam. However I made another withdrawal request as the 14 days have passed, so now I have 2 pending withdrawals and we shall see if something will happen in the next few days.

I'll update as soon as I receive more info and would like to encourage the rest of traders/investors to share their experience with this broker.

You must open thread to scam folder and lets worlds knows about this company.

 

[oportunis]

I have posted a complaint in scam folder, here is the link https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/37192-milltrade-net.html#post184991