Milton Prime Review

Milton Prime Review

Established in 2015, Milton Prime is a Forex & CFD broker that offers online trading products and services to traders all over the globe. They welcome traders of all experience levels and have a choice of user-friendly trading platforms along with competitive trading conditions such as tight spreads, no commission fees, rapid trade execution speeds, dedicated customer support, flexible leverage, educational materials and much more.

Milton Prime Features
Milton Prime Features

With Milton Prime, you can trade Forex, Stocks, Indices, Commodities and Cryptocurrencies. You can also open an investor account and copy trading signals from other traders.

Milton Prime Overview
Milton Prime Overview

Milton Prime Review Introduction

In this Milton Prime review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Milton Prime.

Milton Prime Platforms & Tools

Milton Prime Platforms
Milton Prime Platforms

Milton Prime platforms implement innovative technology that bridges the gap between retail and institutional trading. The broker has intuitive, user-friendly and multi-Asset platforms and tools for traders and investors alike. The platforms are easy to use for beginners whilst having advanced capabilities that can meet the needs of even the most demanding traders.

MetaTrader 4

Milton Prime MT4 Platforms
Milton Prime MT4 Platforms

Milton Prime offer clients the ever-popular MetaTrader 4 (MT4) platform that is used by millions of Forex & CFD traders all over the globe. It is the platform of choice for both new and experienced traders. MT4 is well known for its user-friendly interface and vast range of built-in trading tools that can be used to conduct in-depth market analysis across any trading instrument of your choice

Some of the key MT4 platform features include:

  • Real time price quotes via market watch window
  • Multi-asset trading platform
  • Trade forex, stocks, cryptos and more
  • Multiple chart timeframes
  • Multiple chart types
  • Multiple order types (instant, pending, limit)
  • Price alert notifications
  • 50+ technical indicators for analysing charts
  • Drawing objects to analyse prices
  • Fully customisable platform layout and charts
  • Create and save trading templates
  • Automated trading via expert advisors (EAs)
  • MQL programming interface to create custom indicators, scripts & EAs
  • MQL community to share tools, signals and ideas with other traders
  • MT4 is available for desktop, web and mobile devices

The MT4 platform was developed by Russian software company MetaQuotes. With this trading platform, they have built and grown a flexible development environment that relies on complex frameworks, and thus attracts developers and professional traders alike. The best news, as a regular trader you can tap into it without needing any specific requirements.

MT4 is completely free to download and use. You can choose from the desktop platform which has the most functionality or the web platform that runs directly in your web browser without needing to download or install any additional software.

MetaTrader 5

Milton Prime MT5 Platforms
Milton Prime MT5 Platforms

MetaTrader 5 is the successor to the MT4 platform. Whilst it maintains the core functionality of the MT4 platform, it also has some additional features and capabilities. This includes more timeframes, more order types, depth of market pricing (DOM), multi-currency strategy tester, built-in economic calendar and more.

As of late 2020, Milton Prime is also one of the few brokers that offers native macOS MetaTrader support and Managed Account Trading via PAMM/MAM.

MetaTrader App

Milton Prime MetaTrader App
Milton Prime MetaTrader App

Then there is the MT4 mobile app which allows you to trade from anywhere in the world with an internet connection. This is especially useful for those of you who would like to place and manage trades whilst on the go. The MT4 app is compatible with iOS and Android devices. It can be downloaded free of charge from the relevant app stores.

Trading Calculators

Milton Prime Trading Calculators
Milton Prime Trading Calculators

In addition to the MT4 platform that is already jam packed with trading tools, Milton Prime also have a selection of useful trading calculators to help streamline day trading activities. There are calculators for fees, rewards and more.

Milton Prime Research & Education

Not only do Milton Prime have very competitive trading conditions, they also offer a range of educational resources to help clients improve their trading knowledge and experience. In my opinion, this shows that they care about their clientele being informed traders.

In addition to the plethora of free educational material from the broker, an active Live Account grants you access to some premium materials.

Market Analysis

Milton Prime Technical Analysis
Milton Prime Technical Analysis

On the Milton Prime website, you will find actionable insights from their team of professional traders and investors at your fingertips. They conduct detailed analysis of different trading instruments and provide write-ups along with annotated screenshots. This can be a great way to find possible trading setups.

Traders Education

Milton Prime Traders Education
Milton Prime Traders Education

One of the most impressive things about Milton Prime from my point of view is the vast amount of free educational content that they provide on their website. The Milton Prime education includes trading guides and tutorials covering everything from trading strategies and money management to platforms, market analysis and much more.

Webinars

Milton Prime webinars can give you a deeper insight into the markets and the various ways in which they can be interpreted. This is yet another great way to further bolster your trading knowledge in your own time.

Milton Prime Trading Instruments

Milton Prime offers a great number of CFDs, traders will find the most popular instruments, with something for everyone to trade.

When you open an account with Milton Prime, you get access to trade instruments across various financial markets. This includes Forex, Indices, Stocks, Commodities and Cryptocurrencies. You can go short or long on hundreds of contracts for difference (CFD) instruments.

A contract for differences (CFD) is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. There is no delivery of physical goods or securities with CFDs.

Leverage offers is as follows:

  • 1:5 for stock CFDs
  • 1:500 for forex
  • 1:20 for stock index CFDs

Milton Prime Trading Accounts

Milton Prime Trading Accounts
Milton Prime Trading Accounts

Trader Account

The Milton Prime individual trader account offers affordable Forex & CFD trading with multi-asset market access and 0% commission fees. All trades are executed with No Dealing Desk (NDD) intervention. This helps to ensure that there is no conflict of interest between broker and trader.

Forex Robotron Banner
Forex Robotron Banner

Thanks to the emphasis that the broker puts on their work with liquidity providers and technology providers along with strategic partnerships with top banks and prime brokerages, most trades are filled in under 10 milliseconds, with up to 2,000 executed trades per second. This also helps to ensure tight spreads and execution at the best available prices.

The brokers trading fees consists of Spread Fees, and Financing Fees (SWAP). You can trade all markets from just one account.

Milton Prime Trading Fees
Milton Prime Trading Fees

The spread is a difference in price between buy and sell (plus any broker mark-ups) and determines the part of the fee you pay.  Milton Prime have very competitive spreads considering there is no commission charged, starting from around just 0.8 pips on the EUR/USD currency pair.

The swap fee is the fee you pay for opening a trade with a borrowed capital (leverage). Since you are borrowing money to stay in the trade, it creates (Long or Short) Financing Fees (SWAPs). This is a normal fee charged by the majority of brokers.

The maximum leverage available is quite high at 1:500. Leverage allows you to trade a larger position size. It is important to make sure that you have a clear understanding of leverage and how it works before you enter leveraged positions.

Milton Prime normally execute 99.9% of trades without compromising on margin requirements and trading fees, to help try and ensure that you never miss the right trading opportunities for your individual goals.

A Maintenance/Inactivity Fee will be taken from all Accounts that do not trade for 60 days. The Maintenance/ Inactivity Fee will be deducted every month until there is trading activity. The fee is $30, €30, ¥3000.

Investor Account

Milton Prime Investor Account
Milton Prime Investor Account

In addition to individual trading, clients can tap into the brokers pool of wealth managers and variety of signal providers, to create their own bespoke portfolio. The investor account gives effortless access to the brokers top traders. You only pay the broker a share of any profits and there is of course no guarantee on performance.

Features of the investor account include:

  • 100% passive trading
  • Performance-Based
  • Clear reporting
  • Top-tier Managers
  • Prompt Onboarding
  • Multi-asset

Demo Account

There are free Milton Prime demo accounts for those who wish to practice trading online before opening a real live trading account. The demo account can be a great way to practice your trading strategies and build confidence. They are also a useful way of trying out a broker’s platforms and services without any risk involved.

Milton Prime Account Funding

Milton Prime have a choice of deposit and withdrawal methods without compromising on security and comfort. They primarily accept credit/debit card funding and have a minimum deposit requirement of $300.

Milton Prime Funding
Milton Prime Funding

Milton Prime Customer Service

Milton Prime customer service can be reached during working hours. They have contact details available on their website and are happy to answer any questions that you may have relating to their brokerage services. You can also follow them on various social media channels.

Milton Prime support is available to you 24/5, over the phone, live chat, and email in Japanese, English, Russian, Spanish & Chinese.

Milton Prime Regulation

Milton Prime is a brand owned and operated by Holiway Global Ltd with registered office at CT House, Office 9D, Providence, Mahé, Seychelles, a Securities Dealing Firm fully regulated by the Seychelles Financial Services Authority (FSA) with license number SD040.

Licensed and regulated by the Seychelles Financial Services Authority (FSA), Milton Prime is committed to creating a secure and fair-trading environment.

MFSC HOLDINGS LIMITED, a company incorporated under the laws of Cyprus with incorporation number ΗΕ 406018 and registered address at 30 Tempon, Engomi, 2408, Nicosia, Cyprus, is acting as the Payment Agent of Holiway Global Ltd.

Opening A Milton Prime Account

It is pretty straight forward to open an account with Milton Prime.  You can click the Sign-Up button on their website and need to do the following:

  • Fill in your personal data
  • Answer questions about your trading experience
  • Verify identity (depending on your country of residence it may not apply)

Milton Prime Review Summary

Milton Prime offers an extensive range of smart, user-friendly products, services and trading tools that appeal to the pros and empower new traders to enter the online trading arena.

They work with liquidity providers, regulators, payment networks, banks, and third-party software providers, so clients who use Milton Prime don’t have to.

The brokers commission structure, research tools, well-executed web/mobile platforms and low deposit/withdrawal fees puts it in the list of broker options for anyone looking to trade online.

It is worth mentioning that some of the trading products and services in this Milton Prime review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Milton Prime broker website which you can visit by using the link below.

Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using Milton Prime services please acknowledge the risks associated with trading.

Milton Prime

8

Spreads

8.0/10

Liquidity

8.0/10

Commissions

8.0/10

Support

8.0/10

Regulation

8.0/10

Features

  • Regulated brokerage firm
  • Tight Spreads & Fast Execution Speeds
  • Research & Education
  • User-friendly Trading Platforms
  • Quick Deposit & Withdrawal
  • Hundreds of Trading Instruments
  • Competitive Forex Spreads
  • No Commissions
  • Quick KYC & Onboarding
  • Money Managers (PAMM/MAM)