• Company name: Mil Xtra LTD
  • Registration/license: Saint Vincent and the Grenadines
  • Registration/license requirement: USD 2,000

Is 1000 Extra a regulated forex broker or a scam?

no, 1000 Extra broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

1000 Extra is a Forex and CFD broker, owned and operated by Mil Xtra LTD., a company, registered in Saint Vincent and the Grenadines – an offshore jurisdiction, which offers a variety of benefits – no income tax, fast and low-cost license for only USD 2,000. That is why brokers choose this kind of license.

Comparing the license from UK’s Financial Conduct Authority, it requires EUR 125,000 of capital (aside from client deposits) for the STP license.

The regulator also provides the segregation of funds and negative balance protection. Here you can check the list of the FCA-regulated brokers.

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code