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Overview

Mill Trade was founded in 2013. It has become quite popular among traders for a short period of time, as it offers the best trading conditions on the foreign exchange market, and it provides a large number of contests where prizes can reach more than $2,000. Novice traders of the broker are provided with free four-level training course. Customers can start to trade profitably on the Forex market after its successful finishing.

It has already obtained prestigious awards at international exhibitions: "Discovery of the Year 2013" (Forex Expo Awards 2013), "Discovery of the Year 2013" (Masterforex EXPO), ЭThe Best Service in Eastern Europe and Russia in 2013" (Global Banking & Finance Review) and "The Best Investment Program in Eastern Europe and Russia" (Global Banking & Finance Review) due to the high-quality services, provided by the Mill Trade.

Bonuses

Forex broker Mill Trade regularly provides its customers with bonuses for the replenishment of the account.

The first deposit Forex bonus ranges from 30% to 100%, depending on the sum that is credited to the trading account. This promotion applies to customers who will trade on the foreign exchange market through the trading platform MetaTrader 4

The first deposit Forex bonuses:

- deposit is from $100 to $2,000 - bonus is 100%

- deposit is from $2,001 to $5,000 - bonus is 80%

- deposit is from $5,001 to $10,000 - bonus is 60%

- deposit is from $10,001 to $50,000 - bonus is 40%

- deposit is from $50,001 and higher - bonus is 30%.

Bonus funds are available for trading of any currency pair on the Forex market immediately after making a deposit. In case of active trading on the Forex market, traders can wager a Forex bonus, satisfying the requirements of the broker concerning a trade turnover. To release the bonus money, users will need to close 2 standard lots for every dollar on the currency market. For example, if a Forex bonus is $100, clients need to close the trade turnover of 200 standard lots in order to withdraw it from the account. Employees of the broker control the use of bonus in currency pairs trading and in case of identifying high-risk Forex trading strategies, they can cancel it.

Forex bonus for repeated funding of the trading account is applicable to all traders of the broker Mill Trade. Forex bonus comprises 20% of the credited sum. Bonus funds are provided to traders for trading on the foreign exchange market, as soon as they fund a personal account. Forex bonus can be released, i.e. withdrawn from the account if customers satisfy all requirements concerning a trade turnover, which are the same as in the promotion The First Deposit Forex Bonus.

Mill Trade organizes for all its customers a large number of contests, where traders can get good cash prizes.

Nowadays the following contests are held on the site of the broker:

- Forex Sprint

- Forex Start

- Forex Battle

- Forex Marathon.

All contests are held on demo accounts and anyone can take part in them for free.

The contest Forex Sprint is held regularly.

Conditions of the contest:

- duration of the contest is 24 hours

- startup capital is 15,000 dollars

- the leverage is 1:100

- the maximum number of transactions is 70

- the maximum number of lots for closing is 70.

The prize pool is distributed among the participants who have shown the best results on the foreign exchange market.

Distribution of the prize pool:

- the 1st place - the prize is $300

- the 2nd place - the prize is $150

- the 3rd place - the prize is $75

- the 4th place - the prize is $50

- the 5th place - the prize is $30

- the 6th-10th places - the prize is $15.

The contest Forex Start.

Conditions of the contest:

- duration of the contest is 1 week

- startup capital is 15,000 dollars

- the leverage is 1:100

- the maximum number of transactions is 200

- the maximum number of lots for closing is 200.

- opportunity to receive the highest profit on the currency market.

Distribution of the prize pool:

- the 1st place - the prize is $500

- the 2nd place - the prize is $200

- the 3rd place - the prize is $100

- the 4th place - the prize is $75

- the 5th place - the prize is $50

- the 6th-10th places - the prize is $20.

The contest Forex Battle.

Conditions of the contest:

- duration of the contest is 1 week

- startup capital is 15,000 dollars

- the leverage is 1:100

- the maximum number of transactions is 200

- the maximum number of lots for closing is 200.

- opportunity to receive the highest profit on the currency market.

Distribution of the prize pool:

- the 1st place - the prize is $700

- the 2nd place - the prize is $350

- the 3rd place - the prize is $150

- the 4th place - the prize is $100

- the 5th place - the prize is $75

- the 6th-10th places - the prize is $30.

The Contest Forex Marathon.

Conditions of the contest:

- duration of the contest is 1 month

- startup capital is 15,000 dollars

- the leverage is 1:100

- the maximum number of transactions is 650

- the maximum number of lots for closing is 650

- opportunity to receive the highest profit on the currency market.

Distribution of the prize pool:

- the 1st place - the prize is $2,500

- the 2nd place - the prize is $1,500

- the 3rd place - the prize is $700

- the 4th place - the prize is $400

- the 5th place - the prize is $250

- the 6th-10th places - the prize is $100.

Training

Mill Trade allows all users to pass trading training on the international Forex market. Forex broker offers a four-level system of education, which includes testing, study of recommended learning materials, trading on a demo account and participation in contests with cash prizes.

Novice traders are advised to be tested before the beginning of training to determine their level. The test consists of 30 questions and the conclusion of the knowledge of traders is made based on them. After passing the test, users get recommendations about learning materials that should be studied. All educational materials are available in the library of the Mill Trade.

Library of the Mill Trade:

1. Basics of the Forex markets:

- Small Encyclopedia of Trader by E. Naiman

- Internet Trading Course: The Complete Course in Online Investment by A. Patel

- Effective Trader by S. Bernuhov

- Foreign Exchange Dealing. How to Earn Money Honestly and Independently (tutorial for novice traders)

2. Forex trading strategies:

- The Encyclopedia of Trading Strategies by J, Katz and D. McCormick

- The Day Trader's Course by L. Borsellino

- Design, Testing, and Optimization of Trading Systems by R. Pardo

- Bear Speculation and Technique of Short Selling by T.Tolley.

3. Technical analysis of the foreign exchange market:

- Technical Analysis by M. Kahn

- Technical Analysis, a New Science by T. DeMark

- Trading Chaos by B. Williams

- A Short Course on the Elliott Wave Theory by D. Vvoznu

- Application of Gann's Theory in Trading Systems by J. Herzhik

4. Fundamental analysis of the foreign exchange market:

- How to Read the Financial Pages by M. Brett

- The Theory of Foreign Exchange by F. Machlup

- The Trader's Guide to Key Economic Indicators by R. Yamarone.

An incomplete list of books is present above, as in the library there are a lot of them. Customers can find in the library educational materials about all topics relating to the foreign exchange market, including the creation of Forex trading strategies, Forex advisors use, correct money management, hedging, as well as everything about futures and options.

As soon as traders learn the theory, they can open a demo account where it is allowed to trade with virtual money without risking traders' own funds, as well as take part in contest on demo accounts with good money prizes from the broker.

Terms of trading

Mill Trade offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $100

- leverages are 1:25 and 1:200

- a lot of currency pairs, securities, gold, silver, futures

- spread is fixed from 2 points (the floating one is from 0.4 points)

MetaTrader 4

- multi-language support

- order execution - Market Execution and Instant Execution

-a wide range of embedded Forex indicators

- MetaQuotes Language 4 (operations with Forex trading advisors)

- quotes export via DDE

- chart printing.

Forex indicators (recommended)

- VininI LRMA color

- Price Channel

- Moving Average

- Day Implus

- Ind TD DeMark.

Forex expert advisors (recommended)

- Unimillion (an automated Forex expert advisor that operates on the foreign exchange market using the averaging by the method of Martingale and has distinguished itself as a lucrative advisor, since about 70% of transactions is profitable)

- Forex Wallstreet EA (an automated Forex advisor for experienced traders as well, as it has a large number of settings, giving the opportunity to use it for any currency pair Forex trading and at any distance)

- Galaktiko (an automated Forex advisor that makes profit on the Forex market due to sharp rise in prices for some pairs, as it provides an in-depth analysis of the Forex volatility).

Investments

Customers of the Mill Trade may invest their funds in two programs, offered by the broker:

- Mill-invest

- Golden 7.

The program Mill-invest is a lucrative investment in the foreign exchange market without any risk, as the broker guarantees the 100% safety of investors' funds and the income from investments in the amount of 7% per month.

The program Golden 7 is an investment of money in the seven top traders who trade on the site of the Mill Trade and show continuously high revenue in trading on the foreign exchange market.

Unique features

Mill Trade enables its customers to gain additional earnings on the currency market by participating in an affiliate program.

The affiliate program has three forms:

- Spread

- Seven to Everyone

- Two-level.

Spread program allows customers to have additional income in the amount of 12% of the spread from all attracted customers who sign up with referral links of the partner on the Internet (blogs, forums, sites about the subject, social networks etc.).

Seven to Everyone program is designed to attract investors to the program Golden 7. The broker is willing to pay for that a 7% commission of the profit of clients who have given funds in trust management on its site.

Two-level program gives an opportunity to get income both from direct clients attracted by partners and those whom they have invited to a website of the broker to trade on the Forex market. Revenue in this program is calculated individually, depending on the number of customers and their activity.

Add/withdraw funds

Mill Trade enables customers to deposit or withdraw funds from accounts in the following ways: VISA, MasterCard, Wallet One, Money Mail.ru, QIWI, OkPay, WebMoney, Perfect Money and bank transfers.

Contacts

Mill Trade provides its clients with support concerning all questions through live-chat, e-mail address [email protected] and by phone +7 (495) 402-24-87, +44 (20) 351-968-77 + 38 (044) 362-49-77.

Cons and pros

+ the fast developing Russian broker

+ the minimum deposit is $100

+ small spread

+ good leverage

+ good Forex bonuses

+ many contests with cash prizes

+ good training program of trading.

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