According to its website, Milliva claims to be regulated by the FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (SVG FSA), the License Number is 26892 BC 2022 However, there is no matching information was found in the regulator.

The truth is that Milliva is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

On 6 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that MILLIVA was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/milliva

We have now observed that the platform has rebranded itself as Millance, with a new website at https://millance.com/, and claims to be regulated by the Anjouan Offshore Finance Authority (AOFA) in the Comoros.

However, AOFA is an offshore regulator that lacks international recognition and is widely regarded as having minimal oversight. Its regulatory standards fall far short of those upheld by reputable authorities.

While we were able to locate Millance LTD in AOFA’s registry, it is critical to note that AOFA does not publicly list or verify the domain names associated with its licensees. This makes it impossible to confirm whether the Millance trading platform is genuinely linked to the licensed entity.

Given its history of operating without authorization and its reliance on a non-credible offshore regulator, we still assess Millance as a potential scam broker.