Milton Prime Journal
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Milton Prime Profile
Website
Year
2015
Country
Seychelles
Branches
7
Regulation
FSA Seychelles
Registration
FSA Seychelles
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP, DMA
Dealing book
A-book
Tier
3
Execution speed
10 ms
LPs total
...
LPs quality
Tier-1 Banks, Other
LPs names
not disclosed
Milton Prime Accounts
DMA
Minimum Deposit
300 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
...
Commission
0 $/lotRT
Volume
...
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Skrill, Neteller, Bitcoin, Tether, Paysafe, STICPAY
Base currency
USD, EUR, JPY
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 2 months
| Update broker |
- Full listing profile: Milton Prime broker profile
Is Milton Prime safe?
- Investor protection: no
- Regulation: FSA Seychelles
- Registration: FSA Seychelles
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Milton Prime trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - Milton Prime website: uninformative, updated
★★ - Milton Prime popularity (by visitor count): low visits
★★
How Milton Prime works
8. CROSS TRADE CONSENT.
Customer hereby acknowledges and agrees that MiltonPrime may act as the counter‐party to Customer for any trade entered for the undersigned’s Account.
https://miltonprime.com/wp-content/uploads/2021/07/termsconditions.pdf
How Does NDD Execution Work?
First, we match client orders internally, which allows us to minimize the risk without interfering in trading.
When matching fails, or, in time of excessive risk, we forward client positions to the liquidity providers (hedge).
Why we are not using ECN?
Electronic Communication Network (ECN) has a lot of traction lately, and is oftentimes confused with NDD execution. In comparison to NDD, ECN can indeed connect orders with anybody on the network Unfortunately, sometimes via inferior prices, hence our pledge to in-house NDD execution.
Why we are not using STP?
Straight Through Processing (STP) is one of the most confusing terms in trading. The technology is actually used to exchange a trade order info post-fact (albeit nearly instantly). We use STP to map some of the orders, in line with our No Dealing Desk policy.
First, we match client orders internally, which allows us to minimize the risk without interfering in trading.
When matching fails, or, in time of excessive risk, we forward client positions to the liquidity providers (hedge).
Why we are not using ECN?
Electronic Communication Network (ECN) has a lot of traction lately, and is oftentimes confused with NDD execution. In comparison to NDD, ECN can indeed connect orders with anybody on the network Unfortunately, sometimes via inferior prices, hence our pledge to in-house NDD execution.
Why we are not using STP?
Straight Through Processing (STP) is one of the most confusing terms in trading. The technology is actually used to exchange a trade order info post-fact (albeit nearly instantly). We use STP to map some of the orders, in line with our No Dealing Desk policy.
https://miltonprime.com/pricing-and-execution/
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