Mitrade review
Regulation, trading conditions, fees, platforms and user experiences
- Editorial score
- 7.8/10How we scored Mitrade
- User rating
- No user ratings yet
- Regulatory status
- ASICCySECCIMA (Cayman Islands)FSC (Mauritius)+2
- Country
- Australia / international group
- Established
- Established 2011
- Website
- mitrade.com
Mitrade may have a commercial relationship with 88 Forex Brokers. Paid placement is labelled separately and does not allow payment alone to determine the editorial score.
Mitrade is a forex and CFD broker associated with Australia / international group. This profile reviews its regulatory records, trading conditions, platforms, fees and available user reports.
Mitrade is workable, with clear compromises. Regulated by ASIC (AFSL 398528); CySEC (438/23); CIMA (1612446); Mauritius FSC (GB20025791); FSCA (54842); UAE CMA (20200000397), offering Mitrade WebTrader, Mitrade Desktop, Mitrade Mobile. What follows is drawn from the broker's own published material and covers the things that decide the account you end up with: who oversees them, what trading actually costs, and where the compromises sit.
Mitrade at a glance
- Broker name
- Mitrade
- Established
- 2011
- Headquarters
- Melbourne, Victoria, Australia / international group
- Legal entities
- Mitrade Holding Ltd
- Regulatory status
- Regulated
- Minimum deposit
- $50
- Maximum leverage
- 1:30
- Trading platforms
- Proprietary platform
- Markets offered
- Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency CFDs
- Account types
- Live CFD, Demo, Professional where available
- Demo account
- Available
- Islamic account
- Availability dependent on entity
- Customer support
- Live chat, email, Help Centre, Region/entity-dependent
- Official website
- mitrade.com
Our view of Mitrade
Mitrade stands out for an ASIC licence, 15 years of operating history, raw spreads from 0.01 pips and a low minimum deposit of $50. The main issues to consider are an inactivity fee. Its suitability depends on the legal entity available in your country, the protection attached to that entity and whether its pricing and platform range match how you intend to trade.
Who Mitrade may suit
Mitrade may suit traders looking for a tier-one licence behind the account, raw spreads with a commission and a small first deposit.
Who should consider alternatives
Consider alternatives if you require an Islamic account, copy trading and MetaTrader, stronger regulatory protection or account terms that are not available through your local entity.
What stands out
- An ASIC licence
- 15 years of operating history
- Raw spreads from 0.01 pips
- A low minimum deposit of $50
- Negative balance protection
- A compensation scheme
- A wide range of markets
What to consider
- An inactivity fee
What traders report about Mitrade
There are not enough eligible ratings to publish an aggregate user rating for Mitrade.
- Open cases
- 0
- Broker responded
- 0
- Resolved
- 0
- Unresolved
- 0
Community metrics describe the published dataset and do not establish that every client will have the same experience.
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How Mitrade scored
The editorial score is calculated from the broker information and assessment criteria described in our scoring methodology. It is separate from user ratings and sponsored placement.
Category scores may be unavailable where there is not enough reliable information. The overall score should not be treated as a guarantee of safety, performance or suitability.
Read the full editorial reviewCompare Mitrade with other brokers