The Forex market is influenced by people's expectations for the future, which are shaped by various factors. Some companies hedge currency exposure to protect their financial interests, while key traders focus on economic indicators that impact the overall strength of economies. Meanwhile, technical traders analyze price patterns to determine their trades. Additionally, hedge funds, central banks, and financial institutions contribute to market dynamics, each with unique trading goals and perspectives.
All client funds are held in accounts with top-tier banks, guaranteeing the safety and security of your investments at all times. Additionally, we implement strict security measures to safeguard your personal information, ensuring complete confidentiality and protection.
You can access our Customer Agreement, Terms, and other related documents on our Account Opening Agreements page. This section contains all the essential information regarding our business policies and conditions.
If you don’t have bills in your name, you can:
Use your ID if it already shows your current address.
Submit a bank/card statement, residence certificate, or a utility bill (gas, mobile, tenancy contract, etc.).
Provide another ID with your address or a proof of residence from your landlord, parent, or spouse (labeled as "Proof of Residence").
If you have any queries, please contact at support@millance.com.
Once you upload all required documents, your profile will be reviewed within 10 minutes to 24 hours during working hours.
Fundamental analysis is a research method that evaluates political, economic, and social factors influencing a country’s currency. It examines supply and demand dynamics affecting currencies, commodities, and stocks. Key influences include economic reports, geopolitical events, seasonal trends, interest rate changes, central bank policies, and other market-moving factors.
Trade management refers to the process of managing open positions. It involves minimizing risk as a trade becomes profitable by adjusting the stop-loss closer to the market price or reducing potential losses on a trade.
Yes, we do.
Yes, your success depends on it. Start with a small, realistic goal and practice consistently.
Visit https://www.millance.com, fill in the required details, and click 'Register Now.' Check your email and click ‘Confirm Mail’ to activate your account.
You can reset your password in simple steps:
Enter your email. Enter your new password.
Simply enter your email and set a new password. Keep your password secure and do not share it with anyone.
Submit a copy of your proof of residence document, and we will update your profile accordingly. You can find details on acceptable documents here.
You will receive an email with your login details shortly after registration. If you haven't received it, please use the reset password option.
Please check the following before uploading:
The document size should not exceed 2MB.
The file must be in one of the following formats: GIF, JPG, TIFF, PNG, DOC, DOCX, or PDF.
If the issue persists, please send your documents tosupport@millance.com
To access Millance LTD’s trading platform and services, you need to verify your profile by uploading clear color copies of the following documents:
Proof of Identity – A national ID card, passport, or driver's license. If your ID document includes your correct residential address, an additional proof of address may not be required.
•Proof of Address – – A bank/card statement or utility bill issued within the last six months.
To update your email or phone number in Millance LTD, go to your user profile page, click on 'Change' under the 'Actions' column, and follow the instructions.
The Millance LTD dashboard is your gateway to the platform. It allows you to open trading accounts, download trading platforms, upload verification documents, deposit and withdraw funds, sign up for webinars, and more.
This error means that your phone number or email address is already registered with Millance LTD.
If you forgot your password, you can reset it by following the provided steps. Remember, you can only have one Millance LTD account, but you can create multiple trading accounts and access various products and services within it.
No, but you can open a new account in the MT5 Area anytime and choose your preferred account type.
No, the base currency of an existing trading account cannot be changed. However, you can open a new account in the Members Area and select your preferred base currency.
Open a trading account with Millance LTD, one of the leading stock brokers. With our comprehensive services, you can start trading currencies in just a few minutes!
No, we don't.
Yes, you can request an internal transfer between two validated trading accounts registered under your name. If the accounts have different base currencies, the amount will be converted. You can initiate the transfer in the Transfer Area, and it will be processed immediately.
One-click trading allows you to open positions instantly with a single click. However, closing a position requires manual confirmation. To enable one-click trading, click the arrow in the left corner of your chart, and a trading window will appear.
Once you've created a trading account, received your login details via email, submitted your identification documents for verification, and made a deposit, your next step is to download your preferred trading platform.
The company operates as the principal, meaning it is the sole execution venue for customer orders. Additionally, when executing client orders, the company may route them to regulated financial institutions within and outside the EU.
There is no time limit for using a demo account on the Millance LTD trading platform. However, accounts inactive for more than 90 days from the last login will be closed. You can always open a new demo account if needed, with a maximum of five active demo accounts allowed at a time.
No, only the account holder is allowed to trade. However, a third party may trade on behalf of the registered client if a Power of Attorney (POA) is submitted and approved by the company.
Since the bonus is part of your equity and can be used for trading, it can be lost. However, as per the Bonus Terms and Conditions, you may receive a new bonus on your next deposit.
No, you won’t lose everything you own. However, traders with little knowledge are more likely to lose their margin account. Those who are well-informed have a better chance of profiting from less experienced traders.
Forex is a decentralized market, meaning no one owns it. It operates as an interbank market where transactions occur directly between buyers and sellers. As long as the banking system exists, Forex will continue to operate, independent of any single country or government.
You can trade Forex from anywhere in the world.
Yes, you can trade bonds and stocks from major exchanges, including the Tokyo Stock Exchange, London Stock Exchange (LSE), Hong Kong Stock Exchange (HKEX), and popular U.S. exchanges like NYSE, NASDAQ, NYMEX, and GLOBEX.
You can trade over 60+ currency pairs with Millance LTD, offering a wide range of investment options..
Press Ctrl + T to open the terminal window and select Account History. Right-click to save your trade history as a .html file for later viewing, even after logging out.
A demo account offers the same features as a real account, but it does not replicate actual market conditions. Unlike real trading, demo trades do not impact the market, and large trade volumes in real accounts can influence prices. Execution speed remains the same for both. However, psychological factors differ trading with real money affects decision-making differently than a demo account. Be cautious when evaluating results from a demo account. More details on demo accounts are available here.
Emotions play a big role in trading. Many traders know the market well but struggle to control their feelings. To succeed, you must trade logically, not emotionally. No one wins every trade, not even professionals. The best traders stay calm, think logically, and make smart decisions based on strategy, not emotions.
Good judgment trading means understanding the market and its changing conditions. Instead of relying on automated systems, traders use a clear strategy based on high-probability opportunities. An educated trader avoids random decisions and takes a focused, precise approach to the market.
The Forex market opens at 22:00 GMT on Sunday (when the Australian session begins) and closes at 22:00 GMT on Friday (when the U.S. session ends).
Yes, we offer corporate accounts.
You can trade currencies easily using your tablet or smartphone. With the MetaTrader 5 mobile platform, you can access the Forex market anytime, anywhere. Simply download the app for free and manage your trades on the go!
"No connection" – This means you have selected the wrong server.
"Invalid account" – This indicates that you have entered an incorrect ID or password.
Go to the Dashboard section of Millance LTD.
Click the Deposit button for the account you want to update.
Select Change Password Trade.
Click Next and enter the PIN sent to your email or SMS.
Create a new password and click Submit.
Slippage is rare when trading with us. However, during major news releases or high market volatility, your order may be executed at a slightly different price than requested due to rapid price fluctuations.
A stop-loss order automatically closes an open position when the price reaches a predetermined level, limiting potential losses. It acts as a safety cap on your trade, ensuring your order is closed when the market moves against you.
When setting stop/limit orders, you must maintain a certain distance from the current market price. For BUY orders, stop-loss points are placed below the current BID price, while for SELL orders, they are set above the current ASK price.
Historically, Forex trading was dominated by major investors, banks, financial institutions, and governments. However, with the rise of the internet, more individuals are now learning about Forex and exploring its opportunities.
Technical analysis involves studying historical price movements to predict future market trends. This is done using various indicators and analytical tools to identify support and resistance levels, trends, and potential price changes.
By joining, you'll learn from experienced traders and a trusted company. We provide comprehensive training, ongoing personal support, market research, and educational resources to help you succeed. As you advance, you can access advanced trading courses. If the program doesn’t meet your expectations, we offer a refund for the course cost.
You can explore the complete list of trading instruments we offer here.
Yes.
Yes.
Log in to My Millance LTD and go to the "MT5" tab.
Select the account type you want to open and click "Open New Account."
Fill in the required details and click "Open Account."
We offer floating spreads across all our accounts. For more details, please check our contract specification page.
We offer Standard, Mini, and Micro lots.
For more details, please visit our contract specification page.
There are no limits, you can open as many accounts as you like.
You can view all your demo, live, and investment accounts, along with wallets, in the Accounts Overview section of My Millance LTD.
We offer a maximum leverage of 1:100.
The maximum leverage available is 1:100.
The maximum trading volume is 100 lots, depending on your investment.
The limit and stop level is one spread, with a 20% stop-out level.
A read-only password is a public password that allows others to view your trading results without granting any trading permissions.
Note: Your read-only password should be different from your trading account password.
XAU is the ticker symbol for Gold (XAU/USD).
FOMO stands for Fear of Missing Out, a common emotional challenge for inexperienced traders.
WTI refers to West Texas Intermediate, a type of crude oil.
These ticker symbols represent the Dow Jones Industrial Average (DJIA).
NFP stands for Non-Farm Payroll, a key economic indicator.
RR stands for Reward/Risk ratio, used to evaluate trade potential.
The Federal Open Market Committee (FOMC) sets monetary policy in the U.S.
These are currency pairs that move in the same direction, such as EUR/USD and GBP/USD or NZD/USD and AUD/USD.
It refers to a daily candlestick with a lower high and higher low than the previous day's candle, often signaling a trend continuation.
Yes, but it carries higher risk.
Spreads may increase due to market volatility, as determined by liquidity providers.
Yes, market news is available.
Yes, all our trading platforms support EAs.
Open the MT5 Client Terminal.
Click File >Open Data Folder.
Navigate to MQL5 > Experts.
Paste the .mq5 or .ex5 EA file into the Experts folder.
Restart MT5 to apply changes.
Yes, EAs are supported.
Go to Tools > New Order in your trading platform and enter the required details.
Right-click or double-click on the trade.
Click Close Order and confirm by clicking OK.
Check closed positions in the Account History tab.
Yes, trailing stop orders are available.
Yes, this is known as hedging.
You can test your strategy by:
Opening a demo trading account.
Reviewing past price data to assess trade performance.
Try different trading styles and techniques.
Backtest strategies before using them in live trading.
Choose a strategy that suits your trading personality.
Free Margin = Equity – Used Margin
Free Margin = (Equity × Exposure) - Used Margin
Your login details will be sent to your registered email. You can also reset your password anytime.
Sign in to your platform.
Navigate to Tools > Options.
Select Server and check the Enable News box.
Click OK to apply changes.
Note:Be cautious of heavy economic announcements, as enabling the news tab may slow down your platform.
This occurs when the Lot Size, Stop Loss, or Take Profit settings are incorrect.
Day trading involves buying and selling assets within the same trading day to capitalize on short-term price movements.
Yes. Tap the ‘f’ symbol in the chart window to display indicators.
This means your user ID or password is incorrect.
We provide variable spreads starting as low as 0.9 pips. Our clients receive the best market prices instantly.
Long Position: Buying an asset, profiting when its price increases.
Short Position: Selling an asset, profiting when its price decreases.
Margin is the amount of money required in your broker account to maintain an open position. Different brokers require different margin levels.
Yes, you can hedge your positions. Hedging occurs when you simultaneously open both LONG and SHORT positions on the same instrument.
Note:Hedging is permitted for Forex, Gold, and Silver, even when the margin level falls below 100%, as the margin requirement is zero.
Yes, scalping is permitted.
Swing High: A three-bar pattern where the middle candle forms the highest point, with the two adjacent candles closing lower.
Swing Low: The opposite pattern, where the middle candle forms the lowest point.
A trading day refers to any trade that is opened and closed within the same day.
An Up Candle is another term for a Bullish Candle, indicating price increases.
A Down Candle is another term for a Bearish Candle, indicating price declines.
Micro Lot (0.01) = Controls 1,000 currency units
Mini Lot (0.10) = Controls 10,000 currency units
Standard Lot (1.00) = Controls 100,000 currency units
The wick is the vertical line extending above and below the candlestick’s body, representing price highs and lows.
M5 (5 minutes) = Each candle covers 5 minutes
D1 (Daily) = Each candle covers 24 hours
Micro Lot (0.01) = $0.10 per pip
Mini Lot (0.10) = $1.00 per pip
Standard Lot (1.00) = $10.00 per pips
A bullish market means you expect a currency pair to rise in value. Example: Being bullish on USD/INR means you expect the USD to appreciate against INR.
A bearish market means you expect a currency pair to decline in value. Example: Being bearish on EUR/USD means you expect the EUR to weaken against the USD.
Buy Limit: Executes when the market price falls to your set price (below the current price).
Sell Limit: Executes when the market price rises to your set price (above the current price).
A market order is an immediate buy or sell at the current market price.
Example: With a 100:1 leverage, a $1,000 account can control a $100,000 trade.
Buy Stop: Executes a buy order when the price moves above the set level.
Sell Stop: Executes a sell order when the price drops below the set level.
Example: A $1,000 margin at 100:1 leverage means you can control a $100,000 position.
The margin level is a percentage indicating the health of your account. If it drops too low, your broker may close your trades.
A margin call occurs when your account lacks sufficient funds to support open trades, forcing the broker to liquidate positions.
Fibonacci is a technical analysis tool used to measure retracement and extension levels based on price movements.
Leverage varies depending on your account equity.
Support: A price level where an asset tends to stop falling and bounce back up.
Resistance: A price level where an asset tends to stop rising and reverse downward.
A retracement measures price pullbacks in percentage terms, indicating possible reversal levels.
Risk management involves strategies to minimize losses. A common rule is to risk no more than 2% of your account per trade.
A swap-free fee is a charge applied when keeping positions open beyond a certain period. Details can be found in the Contract Specifications section.
You can start forex trading with as little as $10.
Go to the 'Wallet' section in My Millance and navigate to 'Withdraw.' Choose your preferred payment method and click the 'Draw' button. Select the wallet from which you want to withdraw funds, fill in the required details, choose a withdrawal reason, enter the PIN received via email or SMS, and click 'submit.' Ensure your profile is fully verified before making a withdrawal request.
You need to provide an official document from the card issuer confirming that your card has been lost or canceled. Once we receive it, we will guide you on the next steps.
If your e-wallet has already been verified, your withdrawal will be processed automatically.
Yes, as long as you have enough free margin in your account to cover the withdrawal and any applicable fees.
Our Back Office Department processes all withdrawal requests within 24 hours. However, the time it takes for funds to reach your account depends on the payment method used.
Yes, ensure that you have previously used the same payment method for depositing funds.
Go to the 'Internal Transfer' section in My Millance LTD 'Wallet.' Select the amount and the account to which you want to transfer funds, then click 'Confirm.'
You can transfer funds between your trading accounts, and transfers can be made in the available currencies. Internal transfers have no minimum or maximum limit. You will receive an email confirmation before the transfer is processed.
No, internal transfers are completely free.
Internal transfers are usually processed within minutes. If there is a delay, please contact our Back Office department.
If your deposit is declined, you should receive an email explaining the reason. You can also check the status of your deposit or withdrawal in My Millance LTD.
This usually happens due to insufficient free margin in your account.
Your request may be declined for one of the following reasons:
1. Insufficient balance.
2.No trading activity since your last deposit.
3. Incorrect account details.
4. The withdrawal method differs from the original deposit method.
5. Credit/debit card withdrawal exceeds the deposited amount.
6. Missing required information.
If you haven’t received your withdrawal, please contact our Back Office department for further assistance.
Millance LTD provides various payment methods, including credit and debit cards, bank wire transfers, e-wallets, and local payment solutions.
No, we do not accept cash deposits.
It may be due to additional charges incurred by your payment provider/bank. Please contact our payment processor for further clarification if this is the case, as we do not have access to third-party service systems.
Contact our dedicated account service manager for step-by-step information on depositing using local payment solutions.
Your request may have been rejected for one of the reasons given below:
- Card hasn't been active for online activities for some time.
- Payment declined by card issuer-3D security (Credit/Debit Card).
- Incorrect card details.
- System Error.
- Invalid email of the user.
- Closed Account-Miscellaneous account number.
- Miscellaneous purpose of payment (bank – wire).
- Information of invalid recipients.
Don't hesitate to contact your Account Service Manager, Customer Support, or Back Office if you need further clarification.
No, we do not accept transfers from third parties. The sender's name must match the name used to register with Millancee LTD.
All Millance LTD registered customers.
Yes, you can. Please get in touch with Customer Support or our Back Office Department to correct the negative balance on your account.
The deposit may be processed if you are the sole shareholder, but the withdrawal must be returned to the same bank account as the initial deposit.
If there are several shareholders: we need the written consent of all shareholders. Once written permission has been received, the funds will be processed. If a withdrawal is requested, the funds will be returned to the same bank account as the initial deposit.
We offer a variety of local payment solutions for different countries; you can find a complete list of these options on Millance LTD.
Wallets are created so that when you open your MY Millance LTD account. Wallets can be used to make deposits, withdrawals, and internal transfers to and from your trading account in different currencies or to invest.
You can find full details of your transactions in the History section by following the steps below.
Go to the Transaction History section.
Find the transaction in question.
Click on the number of the transaction ID.
Open the Deposit page in the My Millance LTD Deposit section.
Select the deposit method you prefer and click the Deposit button.
Choose your wallet and fill out the fields you want to deposit money.
Confirm on the next page your deposit information. You can ask your payment provider for some additional steps.
Details about the processing time for each payment method can be found on the Deposits and Withdrawals page
The processing time may take a while if we need to verify additional information. Please note that Millance LTD is not liable for any delays caused by the third-party payment processor.
The deposits made during the weekend/bank holidays shall be processed according to the standard processing times for each payment method.
Yes, you can. However, certain restrictions apply to ensure the safety of our clients' business.
Millance LTD offers a wide range of payment options for deposits and withdrawals, including:
The payment method used for deposits should be the same as for withdrawals. Once you open a trading account, you can log in to our wallet area, select your preferred payment method on the Deposits/Withdrawals page, and follow the provided instructions.
Yes, but only if required by regional legislation or regulations.
Tax obligations are your responsibility. Please refer to the applicable laws in your region or seek independent financial advice.
No, you will not lose your deposited funds. If a currency pair slippage causes a negative balance, it will be automatically reset with your next deposit.
You can register as a broker or affiliate by visiting the Millance LTD Partners website.
No, there is no registration fee for joining.
It is a unique connection between all affiliates and introducing brokers. Once a client registers using your link, they will be assigned to you.
Yes, by clicking 'My Reports,' you can view a full report of your referrals in your IB/Affiliate panel.
No, you can only choose one program. For details on benefits and features, please refer to the Affiliates and Introducing Broker pages.
Go to your Affiliate/IB panel and click 'Fund Withdrawal.'
Select a withdrawal method and complete the required fields.
Click the 'Confirm' button to submit your request.
Please note that your Affiliate/IB profile must be verified before making a withdrawal.
No, your monthly earnings are unlimited. The more active your clients are, the more you can earn.
No, you will still receive a payout even if your clients have earned you only a few cents.
No, there is no time limit. You will continue earning as long as your client trades with Millance LTD.
The IB program is designed for individuals looking to expand their business and have a strong network of clients, such as strategy providers, coaches, forex instructors, or regional representatives.
You can start referring clients as soon as you register by sharing your referral link.
Fill out the form in the 'Personal Details' section of your IB panel.
Upload a valid photo ID, such as a passport, ID card, or driver’s license.
Provide a Proof of Residence document (POR).
You can trade all the instruments available at Millance LTD on the MT5 platform, including Stocks, Forex, Stock Indices, Precious Metals, Crypto, and Energies.
Log in to your MT5 platform.
Windows: Compatible from Windows 7 onwards.
Mac: Compatible from Mac OS X onwards.
MT5 is available on desktop, mobile, and iOS devices.
