Milton Markets is an offshore broker operated by Milton Markets Ltd, licensed as a security dealer by Vanuatu Financial Services Commission (VFSC). The offshore regulation does not entitle Milton Markets to solicit clients in Europe, North America or other regulatory regimes. The offering violates FCA and ESMA regulatory requirements with leverage of up to 1:1000. Clients of these offshore brokers are not eligible for Investor Compensation Schemes.
|Trading name||Milton Markets|
|Legal entity||Milton Markets Limited|
|Authorization||yes, for Vanuatu|
no, for most other regulatory regimes
|Member of||Financial Services Regulation Scheme (link)|
Milton Markets offers three different account types – Flex, Smart, Elite – but all of them are supposed to be Commission Free. If there is actually any trading in Forex, CFDs, Stocks or Cryptos!
Membership in the Financial Services Regulation Scheme (FSRSC) does not protect the clients of the unauthorized offshore broker. They are not entitled to the assistance of Financial Ombudsman institutions or Investor Compensation Schemes. Since there is no recognized regulator overseeing the operation, there is no way to ensure whether client funds are being held in segregated accounts or whether trading is actually taking place. Stay Away.
If you have information about Milton Markets, its operators and facilitators, please share it with us through our whistleblower system, Whistle42.