MILLIMANFX delayed investor’s withdrawal application and had the risk of runaway. Stay away from it.

Investor’s withdrawal applications kept being canceled by the broker.
Customer service replied they will deal with it without any action taken.
Ratings only 0.84.  Suspected to be the license-cloned brokers.
Stay away from it to protect your interest.

Recently, WikiFX received the report from investor about MILLIMANFX for canceling and delaying withdrawal request without any reasons even they have asked their customer service.

Investor lodged a real-name complaint against MILLIMANFX

Photo of the investor’s ID card

The investor reported MILLIMANFX by presenting his ID card.

Mr. Wang’s terrible experience

Mr. Wang’s shared his unhappy experience with WikiFX

Mr. Wang’s said, he was introduced to deposit money to MILLIMANFX several times and made some loss after several lots. After submitting withdrawal application on January 24^th, he found the application has been canceled. He kept trying to withdraw the money but fail. He contacted the customer service but was replied with “under-processing” without any action being taken. Mr. Wang cannot withdraw the money till now.

WikiFX’s investigations

1. Mr. Wang has deposited money to MILLIMANFX several times.

Screenshot of Wang’s transfer records

Mr. Wang started to deposit money into MILLIMANFX account since January 10^th this year via “WeChat Pay”.

2. Mr. Wang submitted the withdrawal application

Mr. Wang’s withdrawal record

Mr. Wang submitted withdrawal application on January 24^th and 25^th respectively; however, those have been declined by MILLIMANFX afterwards. He, therefore, re-submitted the application on February 4^th but still in vain.

3. Mr. Wang contacted the platform customer service.

Screenshot of the conversation between Mr. Wang and platform customer service

Since the withdrawal application has been canceled, Mr. Wang contact their customer service to complain about the failure of money withdrawal. He just got few replies from them without taking any necessary action nor providing any reason of delaying and canceling withdrawal request.

4. Mr. Wang’s account does not have any deduction till now.

Screenshot of Mr. Wang’s account balance

。

Now, Mr. Wang cannot have his money back.

WikiFX verification of MILLIMANFX 

Regulatory information of MILLIMANFX

Screenshot of regulatory Information from WikiFX

After our investigation, MILLIMANFX holds the ASIC (AUS)’s license for investment consulting service only, which is suspected to be a license-cloned broker. It just copied information from others regulated brokers and may have considerable risk.

MT4/5 identification

Screenshot of Regulatory Information from WikiFX

Per the identification by WikiFX, MILLIMANFX uses non-MT4/5 trading software and has higher risk.

Warning from WikiFX

Screenshot of WILLIMANFX interface from WikiFX

After verification, MILLIMANFX is suspected to be license-cloned broker and uses non-MT4/5 trading software. It would be a rather high potential risk. The platform also kept on delaying and declining investor’s withdrawal application without giving any reasons. Investors are strongly suggested to keep away from this platform to avoid any further loss recurred.

Conclusion

MILLIMANFX has low rating and is suspected to be a license-cloned Forex broker.  They rejected and delayed investor’s withdrawal applications without any reasons. WikiFX reminds investors to stay away from it and protect their own interest.