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Where was Milliva founded?
Zalan Yurit
Sierra Leone
2023-06-12
ANSWER Milliva is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Milliva claims to be registered with the Companies House (CH) with company incorporation number 13546193. While it is true that corresponding records exist in the CH register, it is critical to note that the CH only serves as a registrar of companies without the authority to issue financial licenses or regulate the industry. Milliva, as a broker in the UK, is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, our search for this company in the FCA registry didn't yield any results. This means that Milliva is operating outside the regulatory framework. Furthermore, while Milliva purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 26892 BC 2022, we didn't find any matching entries in the SVG FSA either. And it is critical to note that the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities. In essence, any offerings of investment services or products by Milliva are illegal.Regarding your question, Milliva is supposedly in the UK. We strongly suggest you avoid dealing with Milliva due to its status as an unlicensed broker. Using an unlicensed broker will expose investors to significant risks such as financial losses and identity theft, as there are no safeguards in place to protect investors. Therefore, to avoid such risks, investors are encouraged to stay away from unlicensed brokers like Milliva and opt for fully regulated ones instead.
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