Milton Markets is a CFD broker under the SFA, claiming to be a self-directed trader environment, yet multiple complaints from traders should really be raising eyebrows regarding these brokers, specifically around withdrawals of funds, as well as enforcement of their bonus policy.
Website – https://miltonmarkets.com/
Website Availability – Yes
Address – 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia
Warning – Not recommended by the review website like Lycan Retrieve
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Lengthy Withdrawal Delays and Account Limits
Multiple users highlighted all of their withdrawals are taking longer than expected, with excuses ranging from assisted to unassisted verification and unsupported bonus policies. There are also claims that traders are left waiting with their funds in limbo for weeks with no sign of resolution to their withdrawal. Investors claim that the broker manipulated bonus conditions, leading to withdrawal refusals, where previous conditions were not fully disclosed. Investors claim the broker did not clarify that if the client’s balance fell below the bonus, no funds could be withdrawn.
Misleading Bonus Policy
Investors also berated the broker regarding the bonus policy, claiming it was misleading. Users claimed they attempted to withdraw funds with bonus conditions present that the broker did reject citing bonus rules that were not fully disclosed on their platform. Overall it appeared that the whole of some or all the bonus policy could be at the broker’s discretion, whereas other users seemed to never be able to withdraw funds, as soon as they engaged with any bonus.
Regulatory Issue and Oversight Constraints
Milton Markets is regulated by the Seychelles FSA, however, this will be lighter and considerably weaker regulation than brokers licensed by Tier-1 regulators such as FCA or CySEC. This limited oversight brings less investor protection which in turn creates a very good challenge for clients seeking to make a complaint and receive resolution or compensation.
FAQs
Q1: Is Milton Markets a regulated broker?
Yes, but the regulation is from the Seychelles FSA, which lacks the strict investor protection many reputable (major financial jurisdictions) have in place.
Q2: Are withdrawal issues common with Milton Markets?
Yes, multiple users have reported they were denied withdrawal, or their withdrawal was delayed while the bonus policy was enforced.
Q3: Can I trust Milton Markets with my larger amounts of cash?
Given the weak regulation from the Seychelles FSA and the many complaints still unresolved, we strongly advise our readers against dealing with Milton Markets.
How to Recover Lost Funds
If you’ve lost money to Milton Markets , you’re not alone-and you still have options. Many individuals are misled by unregulated brokers, but with the right support, fund recovery is possible. A trusted solution is Lycan Retrieve, a professional service specializing in recovering funds from forex, crypto, and investment scams. Let their expertise guide you toward reclaiming what’s rightfully yours.
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