About MILLANCE
Company Overview
Millance Ltd is a forex and CFD broker registered in the Union of Comoros, with a registered address at PO Box 1212, Hamchako, Mutsamudu, on the Autonomous Island of Anjouan. The company was established on 9 May 2025. It operates the website millance.com and offers trading services to retail clients globally.
The broker presents itself as a technology-driven trading partner, emphasizing an intuitive platform and low-cost trading. It positions itself as suitable for both novice and experienced traders, with a range of account options and support services.
Regulatory Status
Millance holds a license from the Anjouan Offshore Finance Authority under license number L15996/ML, valid until 13 March 2027. This is an offshore license from the Comoros, which is not a widely recognized regulatory framework for retail forex brokers. The broker does not hold authorization from major regulators such as the FCA, CySEC, or ASIC.
In our independent assessment, the regulatory status of Millance is a key risk factor. The lack of oversight from a tier-1 regulator means traders may have limited recourse in case of disputes. FXCanary's Scam Risk Score for Millance is 56 out of 100, indicating an elevated level of risk.
Account Types and Trading Conditions
Millance offers three main account types: Standard, Premium, and Elite. The Standard account requires a minimum deposit of $100 and offers maximum leverage of 1:400. The Premium account requires $1,000 and provides leverage up to 1:200. The Elite account starts at $500 with leverage up to 1:300. The broker also mentions an ECN account on its website, though specific details are limited.
Spreads and commissions are not clearly detailed on the website, but the broker claims competitive spreads and low fees. The trading platform is likely MetaTrader 5, based on references in the FAQ and contact form. Account currencies and execution types are not fully disclosed.
Trading Instruments
The broker's website lists currency pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, and AUDUSD, indicating that forex trading is a primary offering. However, the full range of instruments, including indices, commodities, or cryptocurrencies, is not explicitly mentioned. The 'forex currency trading' page suggests a focus on the forex market.
Given the limited information, traders should verify available instruments directly with the broker. The absence of a comprehensive instrument list on the website is a notable gap in transparency.
Funding and Withdrawals
Millance states that it has a zero-fee policy on all transactions, with no hidden bank or credit card fees. However, specific deposit and withdrawal methods are not detailed on the website. The broker encourages users to contact support for account-specific information.
In our view, the lack of clear funding and withdrawal information is a concern. Traders should inquire about supported payment methods, processing times, and any applicable fees before depositing funds.
Social Media and Presence
Millance maintains a presence on Facebook, Instagram, LinkedIn, and YouTube. These platforms may provide additional insights into the broker's activities and client engagement. However, the broker is relatively new, having been founded in 2025, and independent user reviews are not yet available.
The absence of independent feedback makes it difficult to assess the broker's reputation. Potential traders should exercise caution and conduct thorough due diligence before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full MILLANCE review