Milro Inc
Short Introduction to Milro Inc Company
Milro Inc provides an opportunity to dive into the world of trading through intuitive software. Milro Inc claims to have 4 years of experience, but the lack of registration documents is concerning.
The broker has indicated a legal address in Nicosia on John Kennedy Street, 42. Although the country is not specified, Nicosia is the capital of the Republic of Cyprus. The website milroinc.com lists licenses from Cyprus, Mauritius, and Belize.
To contact the broker, you can use email or call +357 91-61-9734.
Trading Instruments and Platform of Milro Inc
The broker’s catalog offers access to approximately 250 trading instruments. The “Markets” section includes six main asset categories:
- currency pairs,
- company stocks,
- industrial indices,
- cryptocurrency,
- precious metals,
- other commodities, including energy sources.
Information about the trading platform can be found in the “About the Company” section. Milro Inc claims to have started developing its trading software just a month after registration. The website does not mention the names of leading developers or the management of Milro Inc.
The broker promises continuous platform improvements to remain innovative. They provide examples of platform advantages in screenshots, but a full assessment can only be made after making a real deposit, as there is no demo version.
Trading Accounts of Milro Inc
The company describes 3 types of trading accounts:
1. “Beginner” account: initial deposit from $150, only currency pairs available, leverage 1:100.
2. “Amateur” account: requires a deposit from $1,000, allows trading with precious metals and cryptocurrency. Milro Inc promises deposit insurance, but details are not disclosed.
3. “Professional” account: maximum capabilities and services, entry threshold from $10,000. Users can trade all types of assets and seek support around the clock. In addition to insurance, they are offered a deposit protection program with secret conditions.
Deposits and Withdrawals from Milro Inc
The broker provides standard methods for depositing and withdrawing funds:
- bank cards,
- bank transfers,
- electronic payment systems,
- virtual wallets.
These methods are specified in the client agreement. Additional details are available after registering an account or consultation.
Conclusion
The CySEC regulator is highly demanding, so it is unclear how a broker with its license can hide trading and withdrawal conditions. Licensing of Milro Inc requires additional verification, so it is recommended to refrain from trading until all details are clarified. It is not worth risking even a minimum deposit until the situation is clear.