About Million
Background and Registration
Million is a Hong Kong-based entity registered on 3 September 2019. Its official website is fxmillionasia.com. The company holds a licence from HKGX (the Hong Kong Gold and Silver Exchange Society) for Precious Metals Trading (AGN).
Regulatory records show that the status of this licence is not clearly indicated, and HKGX is a self-regulatory body for precious metals, not a comprehensive financial regulator. This limits the scope of oversight available to clients.
Regulatory Status and Risk
Million’s regulatory coverage is confined to precious metals trading under HKGX. This licence does not extend to forex or CFD trading, and HKGX is not a statutory regulator like the Hong Kong Securities and Futures Commission (SFC).
FXCanary’s assessment assigns a Scam Risk Score of 85/100 (Severe), reflecting significant concerns over the lack of robust regulation and transparency. Traders should exercise extreme caution when considering this entity.
Products and Services
Based on the known regulatory classification, Million appears to offer precious metals trading (e.g., gold, silver). The official website may also list other products, but independent confirmation is unavailable due to limited public information.
Without access to the site or user feedback, it is not possible to verify the range of instruments, platforms, or account types. The absence of independent reviews further complicates assessment.
Target Audience
The broker’s registration and licensing suggest it is aimed at clients interested in precious metals trading, potentially in Hong Kong or the broader Asian region. The lack of a comprehensive regulatory framework may attract risk-tolerant investors but also raises red flags for retail traders.
Given the severe risk score, this broker is not suitable for conservative traders or those seeking strong regulatory protection.
Transparency and Information
Publicly available information about Million is extremely limited. No independent user reviews or detailed operational data were found. This opacity itself is a warning sign for potential clients.
Traders are advised to conduct thorough due diligence and consider only fully regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full Million review