General Information & Regulation
Milano MFX is a CFD broker owned and operated by Milano MFX Ltd, an investment company registered in Malta. It should be noted that Milano MFX is not subject to any regulation, so investing with this broker is a risky activity.
Markets Instruments
Milano MFX offers its traders currency pairs, cryptocurrency pairs, commodities, equities and 17 index CFDs.
Minimum Deposit
The Mini account requires a deposit of $500, which is a higher minimum than most other brokerages. Traders need to deposit $5,000 to gain access to the Standard account, where all features are available. The Gold and Platinum accounts require deposits of $10,000 and $35,000, respectively, without contributing any significant advantages.
Leverage
The maximum trading leverage offered by Milano MFX is up to 1:200. Some professional traders may hold that this leverage level is not that generous, yet inexperienced traders are not advised to use too high trading leverage.
Spreads & Commissions
Forex and metals CFDs are commission-free, while energy, cryptocurrencies, equity, and index CFDs carry a fee. The pricing structure lists EUR/USD spread listed at 2.5 pips, much higher than the industry standards.
Inactivity Fees
After 90 days of inactivity, a monthly maintenance fee of 5% applies.
Trading Platform Available
What Milano MFX offers to its traders is not the MT4 or MT5 trading platform, and it is a web-based trading platform.
Deposit& Withdrawal
Milano MFX neither provides a list of accepted deposit and withdrawal methods nor does it maintain a dedicated section on its website, which is highly unusual. Nevertheless, they do provide a list of logos indicating what systems they use, including credit/debit cards, Skrill, Neteller, OrangePay, and MNP.
Customer Support
The Milano MFX customer Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform.
