Millennium

Millennium Stock Broking Pvt. Ltd., operating under the brand name Millennium, is an Indian stockbroker and proprietary trading firm established on July 10, 2019. The company is headquartered in Kolkata, with its registered office in Gandhinagar, Gujarat. It provides trading services across multiple asset classes including equities, equity derivatives, currency derivatives, and commodity futures.

The broker positions itself as a multi-strategy firm with over 25 years of market experience, leveraging technology and quantitative research. Its team comprises professionals from finance and engineering backgrounds, and it offers both broking services and proprietary trading.

Millennium claims to be registered with the Securities and Exchange Board of India (SEBI) as a stockbroker, with registration number INZ000182435, valid for NSE, BSE, and MCX. It is a member of these exchanges. However, FXCanary's regulatory records initially listed no regulators on file, which may be an oversight. The broker voluntarily displays SEBI registration details on its website, including CIN and GST numbers.

It also provides risk disclosures as mandated by SEBI, including a study on trader profitability in equity F&O. Despite the SEBI registration, FXCanary's Scam Risk Score stands at 75/100 (Severe), indicating caution is warranted due to limited independent user feedback and potential regulatory discrepancies.

The broker offers trading in Equities, Equity Derivatives (Futures & Options), Currency Derivatives, and Commodity Futures. This covers major segments of the Indian financial markets. It does not currently advertise retail forex spot trading or OTC CFDs.

Services include algorithm trading support, quantitative research, and efficient order execution. The broker's website emphasizes its ability to handle both high-frequency and long-term investment strategies.

Millennium appears to target Indian retail and institutional traders interested in exchange-traded derivatives and equities. Its algorithmic trading and quantitative research services may appeal to tech-savvy traders and prop trading firms.

It is not designed for retail forex traders seeking leveraged OTC currency pairs or CFDs on global indices, as its product range is confined to Indian exchange-traded instruments.

The broker's corporate office is at Martin Burn House, 3rd Floor, Room No. 317, 1 R N Mukherjee Road, Kolkata – 700001. The registered office is at 910 & 911, 9th Floor, DSCCSL (53E), Road 5E, Block – 53, Zone – 5, DTA, Gandhinagar, Gujarat – 382355.

Contact is available via phone at +91 (33) 3520 0600 and email at info@msbpl.in for general inquiries or clients@msbpl.in for grievances. The website includes an escalation matrix and a cyber-attack helpline.

Millennium provides client registration forms for non-individual clients on its website. It discloses upstreaming client nodal bank accounts for fund deposits, as required by Indian stock exchanges. The KYC process includes submission of identity and address proofs.

Specific account types or minimum deposit requirements are not publicly detailed on the website. Interested parties are likely required to contact the firm directly for account setup and fee schedules.