⭐ 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
MM
Dealing book
A+B Hybrid book
Execution model
DD + NDD
Licensed as
Principal
Operating as
Principal, Matched Principal
Tier
3
Execution speed
10 ms
LPs total
...
LPs quality
Tier-1 Banks, Other
LPs names
not disclosed
Milton Prime Accounts
MM
Minimum Deposit
300 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.6 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
100 %
Stop Out
50 %
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
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- 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
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/no-dealing-desk-execution/
The Client understands and acknowledges that the Company will enter into transactions with the Client either as principal (counterparty) or an agent. The Company will be the contractual counterparty to the Client.
The Client acknowledges that such Quotes will be set by the Company at its absolute discretion.
https://miltonprime.com/documents/client-services-agreement/
Accurate definition
Milton Prime is a Hybrid MM (A+B-book) OTC Forex broker, which internalizes order flow via Client-to-Client matching and manages the residual risk via external hedging with Liquidity Providers. The broker can transact as Principal (often Matched Principal) and sometimes as an Agent.Add new comment...
