Summary of Milton Markets
Milton Markets is a well-established broker since 2014.
Milton Markets has a headquarter in New Zealand. It is are generally well-suited for Milton Markets to provide their Forex/CFD trading services to global clients.
Milton Markets is a forex broker situated in Vanuatu, specializing in forex currency trading Milton MArkets claim to offer competitive trading conditions along with the best customer services, industry-leading privacy and rapid liquidity of your funds.
In this review, we will be looking into Milton MArkets in more detail to see what services they are really offering.
Trading Conditions for Milton Markets Users
Account Types
| FLEX | SMART | ELITE | |
| Spread（Majors） | 1.5 pips~ | 0.8 pips~ | 0.5 pips~ |
| Commission | Free | Free | Free |
| Max Leverage | 500:1 | 1000:1 (Up to $1,000) 500:1 (Up to $10,000) 200:1 (Above $10,001) |
200:1 |
| Minimum Deposit | 100 USD 100 EUR 10,000 JPY |
300 USD 300 EUR 30,000 JPY |
10,000 USD 10,000 EUR 1,000,000 JPY |
| Additional deposit | 50 USD 50 EUR 5,000 JPY |
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| Trade Size（Forex） | Min. 0.01Lots Max. 50 Lots(Forex) |
Min. 0.01Lots Max. 50 Lots(Forex) |
Min. 0.01Lots Max. 50 Lots(Forex) |
| Max Positions | 100 (Forex) | 100 (Forex) | 100 (Forex) |
| Margin Call | 50% | 100% | 100% |
| Stop Out | 20% | 50% | 50% |
Leverage
There is maximum leverage of 1:1000 which is very high.
Leverage can be set lower, so it is up to the user what level they set when opening up an account.
Spreads
Spreads are variable.
The standard account has spreads starting at 1.5 pips, this is the minimum and due to the market’s movements can often be seen higher.
Trade Sizes
Trade sizes for accounts start at 0.01 lots which are also known as a micro lot, the maximum trade size is currently 50 lots.
Platforms
Milton Markets offers investors the option to trade on the MetaTrader 4.
These established, globally-recognised platforms are suitable for all levels, including beginners.
MetaTrader 4 (MT4) is one of the world’s most popular trading platforms.
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
MT4 is compatible with hundreds and thousands of different indicators, expert advisors, signal providers and more. Millions of people use MT4 for its interactive charts, multiple timeframes, one-click trading, trade copying and more.MetaTrader 4 is a great trading solution to have.
Minimum Deposit
The minimum deposit in order to open an account is 30,000 JPY, 300 USD or 300 EUR.
Deposit Methods & Costs
Milton Markets only accepts two methods of depositing, you can use bank wire transfer or you can use something called bitWallet.
bitWallet is a payment solution that allows you to use your credit or debit card, both Visa and MasterCard to deposit with Milton Markets.
Withdrawal Methods & Costs
The same two methods are available wit withdraw as they are to deposit, bitWallet stays completely free to withdraw, however, it is unfortunate that Milton Markets have chosen to charge a fee of 2400 JPY, 24 USD or 24 EUR for any withdrawals by bank wire transfer.
Withdrawal Processing & Wait Time
Milton Markets do not state that their processing times are, however they do state that bank wire transfers will take between 3 to 5 business days.
Instruments Traded
Besides lots of currency pair, Milton Markets also offers some instruments you would like to trade on, such as Forex, Stocks, Indexes and Cryptocurrencies for your best choice.
Payment Methods
Neteller
Neteller is one of the most popular online payment services today.
Nearly all forex brokers accept Neteller as a payment method for their clients’ fund deposit and withdrawal.
Skill
Mostly, all forex brokers provide Skrill as an online payment service option.
Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer
Wire Transfer is the most commonly used payment method.
Nearly all brokers in the world provide this method on their service.
Customer Support
The website states that the support team is available 24/6 over chat, email, and phone.
