MiltonPrime Journal

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MiltonPrime Profile
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 Canada, Iran, Israel, US
Broker type
DMA
Dealing book
A-book
Tier
3
Execution speed
100 ms
LPs total
...
LPs quality
Tier-1 Banks, Other
LPs names
not disclosed

MiltonPrime Accounts
DMA
Minimum Deposit
300 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.8 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
100 %
Stop Out
100 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin, Tether
Base currency
USD, EUR, JPY
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 2 months
Update broker

Is MiltonPrime 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 MiltonPrime trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • MiltonPrime website: semi-detailed, updated ★★★
  • MiltonPrime popularity (by visitor count): low visits ★★

How MiltonPrime 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.


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.



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