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MilleniumChain

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Operating status: SCAM

Website: https://www.milleniumchain.com/en/

Broker violations and abnormal records
  • 2024-04-02 The AMF adds MilleniumChain to its warning list

    On April 3, 2024, the Financial Authority (Autorité des Marchés Financiers, AMF) added MilleniumChain to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&key=milleniumchain&conditions%5Bcategorie%5D=224

    On April 3, 2024, the Financial Authority (Autorité des Marchés Financiers, AMF) added MilleniumChain to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&key=milleniumchain&conditions%5Bcategorie%5D=224
  • 2024-04-08 BrokersView has reviewed that MilleniumChain is an unregulated broker

    MilleniumChain uses exaggerated languages to establish its reputable presence. However, our investigation suggests that it is not the case.

    The platform claims to have clients from over 200 countries and  territories and boast more than 15 years of experience. However, its domain name, milleniumchain.com, was recently registered in September 2023. This discrepancy is a red flag, suggesting issues with the broker's credibility.

    The company provides an alleged location in Switzerland, but our check with the Swiss Financial Market Supervisory Authority (FINMA) finds no evidence of its legitimacy in the country, indicating that it is operating out of Switzerland without commercial license.

    Further raising alarms, the Financial Authority (Autorité des Marchés Financiers, AMF) has added MilleniumChain to warning list for it being an unauthorized company engaging in forex activities.

    In essence, MilleniumChain is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    MilleniumChain appears to be a scam.

    MilleniumChain uses exaggerated languages to establish its reputable presence. However, our investigation suggests that it is not the case.The platform claims to have clients from over 200 countries and territories and boast more than 15 years of experience. However, its domain name, milleniumchain.com, was recently registered in September 2023. This discrepancy is a red flag, suggesting issues with the broker's credibility.The company provides an alleged location in Switzerland, but our check with the Swiss Financial Market Supervisory Authority (FINMA) finds no evidence of its legitimacy in the country, indicating that it is operating out of Switzerland without commercial license.Further raising alarms, the Financial Authority (Autorité des Marchés Financiers, AMF) has added MilleniumChain to warning list for it being an unauthorized company engaging in forex activities.In essence, MilleniumChain is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.MilleniumChain appears to be a scam.

Related Complaints

Q&A

Is MilleniumChain regulated?

Maximillian
Cambodia
2024-12-30
ANSWER Dear Investor, Thank you for your message. MilleniumChain is not regulated, and we suspect it to be a scam. MilleniumChain doesn't provide any convincing information to suggest that they are registered or licensed. The Autorité des Marchés Financiers (AMF) has added MilleniumChain to its warning list as a fraudulent platform in the forex market. Therefore, we strongly recommend avoiding MilleniumChain. For a safer trading environment and peace of mind, it is best to choose fully regulated brokers.
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Does MilleniumChain have center in Australia?

asdfwasd
Australia
2024-04-09
ANSWER MilleniumChain is not a licensed global broker as it portrays. This appears to be a scam and we strongly suggest you avoid it.The absence of regulatory information is a significant warning sign of potential fraudulent activities. Despite MilleniumChain's assertions of having an excellent reputation and global presence, it fails to provide any evidence to support these claims. The Financial Authority (Autorité des Marchés Financiers, AMF) has identified its fraudulent schemes and added MilleniumChain to its warning list.Given these circumstances, MilleniumChain is far from being a secure option. To safeguard themselves from potential fraud and identity theft, investors are advised to avoid MilleniumChain and instead opt for fully regulated brokers.
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