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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MILKY WAY

Cayman Islands Cayman Islands | 1-2 years |
Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.milkyway-forex.com/

Website

Rating Index

Contact

https://www.milkyway-forex.com/
171 Elgin Ave, George Town SIX, Cricket Square Grand Cayman KKY1-1001

license Forex License

No forex trading license found. Please be aware of the risks.

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
4

Basic Information

Registered Region
Cayman Islands
Operating Period
1-2 years
Company Name
MILKY WAY Exchange, Inc
Address
171 Elgin Ave, George Town SIX, Cricket Square Grand Cayman KKY1-1001
Verified Site
About Us
Wiki Q&A
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Official Website

Verified Site

  • milkyway-forex.com
    137.220.224.20
    Server Location
    Japan Japan
    ICP Registration No.
    --
    Top Visitor Locations
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    Creation Date
    --
    Website Name
    --
    Company
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Review summary

MILKY WAY Exchange, Inc is a financial services entity registered in the Cayman Islands, operating for 1-2 years according to WikiFX data. The entity holds no valid authoritative forex trading licenses, placing it outside established financial regulatory frameworks. With a comprehensive WikiFX score of 1.26/10, it operates as an unregulated entity, which means client funds operate without the protective oversight typical of mainstream regulated brokers. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)

Company Profile

  • Scam Brokers
  • 1-2 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of MILKY WAY?

MILKY WAY Exchange, Inc. operates as an unregulated entity, holding no valid authoritative forex trading licenses. According to its WikiFX profile, it has a comprehensive score of 1.26 out of 10, reflecting a high-risk profile due to the complete absence of financial regulatory oversight and client fund protections that are standard with mainstream brokers. The entity is registered in the Cayman Islands.

04-02
United States

Is MILKY WAY regulated?

No, MILKY WAY is not regulated. The company does not possess any verified licenses from mainstream financial authorities, placing client activities outside established regulatory frameworks and standard investor protection schemes.

04-02
United States

When was MILKY WAY established?

Based on WikiFX data, MILKY WAY has been operating for 1-2 years.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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