Millonarium claims to be a reliable broker without presenting its information about regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

Millonarium also claims to be a Peru-based entity. As per information we have, Peru has no authorities issue licenses for forex trading or regulate entities that offer forex services. That means Millonarium is not regulated by any regulators. 

Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView found that the domain "https://www.millonariumfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.