Is the rumor that Milton Markets refuses withdrawals true? I will explain the safety in this article. I researched the actual situation of Milton Markets, so I hope you find the article helpful. We are looking into basic information and acquired licenses.
- MILTON MARKETS company information and safety
- MiltonMarkets Features
- MiltonMarkets Reviews and Comments
- MiltonMarkets’ Safety and Reliability
- MiltonMarkets Bonus Campaign
- MiltonMarkets Account Types and Features
- MiltonMarkets Deposit and Withdrawal Methods and Fees
- Frequently Asked Questions about MiltonMarkets
- About Opening an Account
MILTON MARKETS company information and safety
MILTON MARKETS is an FX company established in the Republic of Vanuatu in 2015. It is regulated by the Vanuatu Financial Services Commission and has a financial license from the VFSC, so it is a very reliable company. In the past, the operating company was called “WSM INVEST LIMITED” and once moved the company to St. Vincent and the Grenadines, but eventually changed its name and is now based in Vanuatu. Let’s take a look at it below. Bonuses also include cushions.
| Operating company | Milton Markets Ltd. |
| Establishment | 2015 |
| location | republic of vanuatu 2nd Floor, Transpacific Haus Lini Highway Port Vila, Vanuatu |
| financial license | VFSC: Vanuatu Financial Services Commission |
Obtained financial license
As a result of the above, Miltonmarkets has obtained a financial license from the VFSC, so the operating company is highly reliable and operates under the necessary regulations of the Financial Services Agency. We have a solid financial license, so there is no fear of fraud or fraudulent charges. It has great benefits and has earned the trust of traders. High quality service is provided.
Separate management/no trust protection
MILTON MARKETS clearly manages the profits and funds from the investments of customers and traders and the funds of traders at a major international bank. Therefore, 100% of the funds are safely protected, and traders’ funds are not used by the company without permission. On the other hand, there is no trust protection. In the unlikely event that you go bankrupt, there is no guarantee that you will receive a full refund, so this may be a problem for some.
Some countries have been warned
MILTON MARKETS currently has a VFSC financial license, but we do not have licenses in other countries. We previously received a warning from the Japanese Financial Services Agency for being “a person who engages in financial instruments trading business without registration.” However, even if this is the case, foreign traders can use it at their own risk and it is not illegal to use it. So far, there has been no damage such as withdrawal refusal. Please note that although there was a problem with the broker’s parent company in the past, there is no possibility of any major problems occurring now.
Source : URL

MiltonMarkets Features
MiltonMarkets is an overseas FX (foreign exchange margin trading) and CFD brokerage, characterized by its high-quality trading environment, transparency, and strong execution power. However, due to regulatory and risk considerations, caution is advised when considering using the service. As a proven company, compare it with other companies from the homepage. Once your order is completed, be sure to utilize the tools while paying attention to stop-loss, bonuses, leverage, and other considerations. It also offers demo and corporate accounts, making it more comprehensive than other services.
✅ Trading Environment and Execution Features
MT4 and MT5 Compatible
Compatible with both major trading platforms, it can be used for a wide range of trading, from automated trading (EA) to discretionary trading.
NDD (Non-Dealing Desk) System
Transparent pricing and execution close to market price without dealer intervention.
Fast Execution & Zero Execution Rejections
Enjoy stable trading with execution speeds of around 0.1 seconds and no requotes.
Zero-Cut Protection
A system that prevents losses exceeding the account balance.
📊 Trading Terms & Services
💰 Spreads & Fees
Competitive Spreads
Tight spreads are offered for major currency pairs (e.g., an average of approximately 1.7 pips for FLEX accounts and approximately 0.4 pips for SMART accounts), allowing for low-cost trading.
Multiple Account Types
FLEX: For Beginners (No Fees)
SMART: Balanced (Fees + Spreads)
ELITE: For Advanced Traders (Extremely Low Spreads)
*Minimum deposit amounts and fees vary by account.
📈 Leverage & Products
Maximum leverage varies by account, but is generally set at a high level (e.g., up to 1:1000). A wide range of products, including FX, stock indexes, commodities, and stocks, are available for trading.
🧑💼 Support & Bonuses
Comprehensive Japanese support is available, allowing you to inquire and open an account in Japanese.
Occasionally, campaigns such as account opening bonuses and deposit bonuses are held.
⚠️ Precautions/Risks
❗ Regulations/Safety
MiltonMarkets is a broker operating under overseas licenses, including those from the Seychelles Financial Services Authority (FSA), but is not registered with the Japanese Financial Services Agency. This means that Japanese investor protection systems do not apply, and remedies in the event of a problem may be limited.
⚠️ Reputation/Testimonials
Some websites contain outdated information claiming to have negative reviews about past affiliated companies, but these are unofficial opinions that differ from official safety ratings. Verification of these reviews can be difficult, so caution is advised.
📌 Account Requirements
Advanced accounts (such as Elite) may have higher minimum deposit amounts, which may be challenging for beginners.
📌 Suitable Traders
✔ Trade in a fast execution and transparent environment
✔ Utilize scalping and automated trading (EA)
✔ Use an overseas FX broker with Japanese support
📌 Traders who may not be suitable
✖ Trade safely within the regulations of the Financial Services Agency
✖ Start with a small amount (several thousand yen)
MiltonMarkets Reviews and Comments
MiltonMarkets’ reviews and comments (real user opinions) are mixed, with both positive and negative opinions. It’s important to check online review sites and third-party reviews for authentic reviews and reputations. You can log in to check the system, news, and features.
⭐ Positive Reviews and Comments
👍 Good Reviews of the Trading Environment and Support
- Execution Speed and Trading Conditions are Good
Some users have positive comments, such as “The execution speed is fast and the trading conditions are fair.”
- Polite and Reassuring Japanese Support
Multiple Japanese users have praised the Japanese support, praising the “polite support” and “helpful answers to questions.”
- Narrow Trading Costs (Spreads)
Some users have also praised the “narrow spreads and ease of trading.”
👎 Negative Reviews
⚠️ Concerns about Reliability and Safety
- Low ratings on Trustpilot and other sites (around 3/5)
On overseas review sites, the average rating is low to average (around 3 stars), with a mix of positive and negative comments. - Low Trust Scores on Third-Party Sites
Some online safety checkers have shown the website to have a low trust score and even recommend caution (based on automated ratings, but still useful as a warning).
📉 Common Negative Reviews
❌ Withdrawal-Related Complaints
Some users have complained about slow withdrawals and lengthy processing times (along with complaints about successful withdrawals).
❌ Online Negative Opinions and Doubts
On international forums, there are voices expressing doubt about the reliability of the broker itself and general warnings about choosing a broker, such as “suspicious” and “careful.” However, these are not specific to MiltonMarkets, but rather general warnings about overseas FX in general.

MiltonMarkets’ Safety and Reliability
MiltonMarkets’ safety and reliability are summarized below, based on third-party reviews, regulations, and risk factors. Reviews are a mix of positive and negative, so careful consideration is required when using it as an overseas FX broker. While it offers generous bonuses, valid certification is also required.
✅ Positive Aspects of Safety and Reliability
📌 ① Holding an Overseas License (Controversial Views)
MiltonMarkets operates as an overseas FX broker and is recognized for its registration and license information with financial authorities such as the Seychelles and Saint Lucia (e.g., Seychelles FSA). However, the strictness of the license is debated.
While having a license is a basic indicator of reliability when it comes to overseas FX, it is generally believed that regulations are less strict than those of major Western regulatory agencies (e.g., FCA, ASIC, CySEC, etc.).
📌 ② Management of Customer Funds (Segregated Management)
MiltonMarkets has been praised for adopting a segregated management system, which separates user funds from company operating funds. This is a basic customer protection mechanism.
⚠️ Safety and Risk Aspects to Note
❗ ① No Trust Protection
MiltonMarkets does not employ a trust protection system, which has led to concerns that customer funds may not be adequately protected in the event of the broker’s bankruptcy. This is a common practice among overseas FX brokers, but it has a lower safety rating.
❗ ② Strength of Regulations
While the Seychelles and Saint Lucia financial licenses are commendable, their screening and oversight are considered less stringent than those of major financial regulatory authorities in the United States, Europe, the United Kingdom, and Australia. These offshore regulations are often perceived as providing weak investor protection.
❗ ③ Registration and Warnings in Japan
MiltonMarkets is an overseas broker not registered with the Financial Services Agency of Japan, and there have been reported cases where the FSA has issued warnings regarding solicitations within Japan. However, this does not mean that using overseas FX is illegal, but rather that unregistered users are soliciting it in Japan in response to regulatory requirements.
❗ ④ Third-Party Security Assessments Warn of Caution
Some web security research sites have rated MiltonMarkets’ official website as having a “low trust score” or “indicators of risk.” While these automated assessments are not perfect, they provide a warning that should not be ignored.
In addition, some review sites have reported complaints about withdrawal delays and bonus rules. These are issues to be aware of in terms of the user experience, separate from the official security assessment.
MiltonMarkets Bonus Campaign
Here’s a clear summary of the bonus campaigns offered by MiltonMarkets (updated 2025), with key points and important points to note. 👇
① Account Opening Bonus (No Deposit Bonus)
Eligible: New account holders (SMART or FLEX accounts)
Content: Automatically receive a ¥5,000 bonus.
Withdrawal Conditions:
The bonus itself cannot be withdrawn.
Profits earned using the bonus can be withdrawn provided you trade a total of 3 lots or more in FX currency pairs or precious metals (XAGUSD/XAUUSD) (conditions apply, including a minimum of 0.1 lots and holding positions for 10 minutes or more).
👉 In other words, you can start trading without a deposit, and you can withdraw profits only if you meet the conditions.
② Deposit Bonus
MiltonMarkets runs multiple deposit bonus campaigns on an irregular basis. Some of the most popular are listed below:
🔹 30% Withdrawable Bonus (for SMART Accounts)
Content: 30% of your deposit will be awarded as bonus credit.
Maximum: Up to ¥3,000,000 (subject to change depending on the campaign).
Conditions:
Applicable to SMART accounts only.
The bonus must remain in your account for at least 90 days after the bonus is awarded, and you must achieve a certain trading volume (holding time and lot size).
Status: Currently running as a long-term campaign (end date undetermined).
Note: While the bonus itself cannot be withdrawn immediately, it is a “withdrawable” promotion that can be withdrawn after certain conditions are met.
🔹 Past 40% Deposit Bonus
A 40% deposit bonus (up to ¥400,000) was offered in the spring and summer of 2025 (limited time only).
Note: This type of campaign is sometimes held seasonally or for special events, so we recommend regularly checking the official website.
🎯 Basic Bonus Rules and Common Points to Note📌
✔️ Bonuses are generally awarded as margin credits, and the bonuses themselves cannot be withdrawn.
✔️ Profits can be withdrawn if certain trading conditions are met (trading volume, holding time, etc.).
✔️ Depositing, withdrawing, or transferring funds may result in the loss of any bonuses (especially deposit bonuses).
✔️ Bonus details may change depending on the time of year, account type, and region (check the official website for the latest information).

MiltonMarkets Account Types and Features
MiltonMarkets offers multiple account types to suit traders’ skill levels and trading styles. There are three main standard account types: 👇
① FLEX (Flex Account) — For Beginners
📌 Features
Minimum Deposit: None / Small Deposits Accepted (USD/EUR/JPY Supported)
Leverage: 1:100
Spread: Approximately 1.7 pips and up
Commission: None
Zero Cut Protection (No Negative Balance Risk)
Slippage Guarantee
Trading Bonus Available
Compatible with MetaTrader 4/5
👉 This account type is ideal for beginners and small-scale traders looking to get started in FX trading. The only cost is the spread, making it easy to understand.
② SMART (Smart Account) — Balanced/Popular
📌 Features
Minimum Deposit: Approximately $100 (approximately ¥10,000-¥20,000)
Leverage: Up to 1:1,000 (tiered depending on balance)
Spread: Approximately 1.0 pips
Commission: None
Zero-cut protection available
Free VPS available (subject to terms)
Trading bonus available
MT4/MT5 compatible
👉 A popular account chosen by many traders.
It offers a good balance of high leverage, tight spreads, and no commissions. It’s also suitable for short-term and frequent trading.
③ ELITE (Elite Account) — For Professionals and Large Trades
📌 Features
Minimum Deposit: Approximately $1,000 (approximately ¥100,000)
Leverage: Up to 1:500 (tiered depending on balance)
Spreads: Generally from 0.0 pips (very tight)
Commission: 0.2 pips/lot one way (0.4 pips round trip)
Zero cut protection available
Raw spreads offered
MT4/MT5 compatible
👉 For professional traders and those prioritizing large trades.
Enjoying some of the tightest spreads in the industry and low trading costs, it is generally cost-effective.
MiltonMarkets Deposit and Withdrawal Methods and Fees
Here’s a simple summary of MiltonMarkets’ deposit and withdrawal methods and fees as of 2025. 👇
Main Deposit Methods
Credit cards, bank accounts, and even online wallets are accepted. As long as they haven’t expired, they can be used. Once authenticated, you can access the market and enjoy content.
| 入金方法 | 手数料 | 反映時間 | 備考 |
|---|---|---|---|
| bitwallet | 無料 | 即時 | 最もスムーズな方法 |
| STICPAY | 無料 | 即時 | オンラインウォレット |
| USDT(テザー) | 無料 | 1営業日程度 | 仮想通貨での入金 |
| 国内銀行送金 | 無料 | 1〜3営業日 | 銀行処理時間が必要 |
✅ MiltonMarkets itself often does not charge deposit fees, but
*The user is responsible for any transfer fees incurred by the financial institution from which the bank transfer is made.
Main withdrawal methods
| 出金方法 | 手数料 | 反映時間 | 備考 |
|---|---|---|---|
| bitwallet | 無料 | 3〜5営業日 | 利便性が高い |
| STICPAY | 無料 | 3〜5営業日 | オンラインウォレット |
| USDT(テザー) | 25USD または 1%(高い方) | 3〜5営業日 | 仮想通貨送金 |
| 国内銀行送金 | 出金額の3.5% | 3〜5営業日 | 銀行受け取り型 |
📌 Important Notes
Since withdrawals after the second one in a month may incur an additional fee (approximately ¥3,000), we recommend making withdrawals in bulk whenever possible.
As a general rule, withdrawals should be made using the same method used for deposits (anti-money laundering measures).
The account name and the withdrawal recipient name must match.

Frequently Asked Questions about MiltonMarkets
This is a comprehensive summary of frequently asked questions (FAQs) about MiltonMarkets, based on official FAQs, reviews, and more. 👇
🔹 1. What is MiltonMarkets?
MiltonMarkets is an overseas FX broker that allows you to trade FX, stock indices, commodities, CFDs, and more. It features high-speed execution and NDD (non-dealer direct delivery) trading.
🔹 2. How do I open an account?
You can open an account by applying online on the official website and submitting identification documents (ID and proof of address). After that, you can start trading by depositing funds.
🔹 3. What are the differences between account types?
There are three main types:
FLEX: No minimum deposit, suitable for beginners
SMART: Popular balanced account, supports high leverage
ELITE: For professionals, large traders, and raw spreads
*Detailed differences are also listed in the FAQ.
🔹 4. What is the minimum deposit?
FLEX Account: No minimum deposit (any amount is acceptable)
SMART Account: Approximately $100 (approximately ¥10,000)
ELITE Account: Approximately $1,000 (approximately ¥100,000)
*This may vary depending on the actual exchange rate.
🔹 5. What about account opening bonuses?
Sometimes, an official account opening bonus (e.g., ¥5,000) is offered. While the bonus itself cannot be withdrawn, any profits earned can be withdrawn if certain trading conditions (e.g., trading 3 lots or more) are met.
🔹 6. Frequently Asked Questions About Deposits and Withdrawals
Bonuses are often automatically applied.
Deposit bonuses are automatically granted when you deposit funds into your SMART account during a campaign.
Please note that there may be account maintenance fees or dormant account rules (e.g., monthly fees if no trades are made for a certain period of time).
🔹 7. What trading platform can I use?
MetaTrader (MT4/MT5) is supported, and chart analysis and automated trading (EA) are also available.
🔹 8. How much leverage can I use?
Depending on the currency pair, account types can support up to 1:1000, allowing for high leverage trading (however, risk management is important).
🔹 9. What about regulations and fund security?
MiltonMarkets operates under overseas licenses (such as those from the Seychelles and Saint Lucia), but is not registered with the Financial Services Agency in Japan. There is no protection under domestic law in the event of an emergency, so use at your own risk.
About Opening an Account
We’ve outlined the MiltonMarkets account opening (account registration) process and the required KYC process in an easy-to-understand manner, even for beginners. 👇 You can trade to capitalize on price differences from opening to closing. Engage in high-leverage trading on your device every day of the week. Rapid trading based on your own objectives is relatively easy. Customers can manage their transactions accurately from the screen.
🔰 1. Preparations Before Opening an Account
✔ A valid email address (required for login and authentication)
✔ Identity verification (valid ID)
✔ Address verification (utility bill issued within the last 3 months, etc.) *To be submitted later
🖱 2. Account Opening (Registering an Account) Process
① Visit the MiltonMarkets official website
Click “Open an Account” or “Open a Free Account” on the official website.
② Enter the required information in the registration form.
Enter the following information (generally in both Roman letters and English): 👇
Name (Roman letters)
Date of Birth
Country of Residence
Email Address
Telephone Number (Country Code: +81, etc.)
Agree to the Terms of Use (check)
③ Email Address Verification
After entering your information, you will receive a “Request to Verify Your Email Address” email to your registered email address.
Click the verification button or link in the email to verify your email address.
→ Once verification is complete, you will be automatically logged in to your My Page.
👤 3. Submitting KYC (Know Your Customer)
Opening an account alone does not allow you to trade. You must submit and pass your identity verification documents.
Required Documents
📌 Identity Verification Document (with photo)
Passport
Driver’s License
My Number Card, etc.
📌 Address Verification Document (issued within the last 3 months)
Electricity/Gas/Water Bill
Bank Account Statement
Resident Registration, etc.
(Handwritten documents and PDF scans may not be accepted in some cases.)
How to Submit
Upload an image using the “+Submit” button on your My Page.
The review process usually takes about one business day.


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