Millonarium Claims To Be A Reliable Trader, But Does Not Provide Information About Regulation. The Lack Of Such Important Information May Be A Clear Signal For An Unlicensed Trader, As Regulated Traders Always Display Their Certifications And Licenses To Operate In A Conspicuous Position. This Is A Red Flag.
Millonarium Also Claims That Its Corporate Headquarters Are Located In Peru. According To The Information We Have, Peru Currently Does Not Have A Regulator That Issues Licenses To Operate In Foreign Exchange Trading Or Regulates Entities That Provide Foreign Exchange Services. This Means That Millonarium Is Not Regulated By Any Regulator.
It Is Not Safe For This Trader To Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
The Official Website Of Millonarium Cannot Be Accessed Normally At Present. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Collect Some Relevant Information For Reference Only.
Since The Broker's Website Cannot Be Accessed Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Millonarium Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Millonarium As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
