Mitrade review 2026

Is Mitrade regulated?

The broker operates through multiple legal entities. The regulator and protections applying to an account depend on which entity accepts the client, not simply on the broker brand displayed.

Mitrade holds tier-one authorisations from ASIC and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (CIMA and FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

How safe is Mitrade?

Client money is held separately from the firm's own money, at Not consistently disclosed group-wide. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Jurisdiction-dependent; Cyprus ICF protection for eligible clients, which pays eligible clients up to its limit if the firm fails owing client money.

Verify licence with ASIC

Mitrade trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

Mitrade advertises spreads from 0.01 pips on Live CFD. The stated commission is $0. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

A quoted spread from 0.01 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Mitrade lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Spread type

Floating/variable

EUR/USD average spread

Variable

GBP/USD average spread

Variable

Commission

$0

All-in cost, EUR/USD

Spread only

Leverage and margin

Maximum leverage is reported as 1:30, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

Mitrade describes its execution model as Market maker / principal. The available information indicates an average execution speed of Fast execution advertised; no reliable universal average disclosed, order types of Market, limit, stop, stop-loss, take-profit and platform-specific orders and servers in Global infrastructure. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

No conventional EA support

Copy trading

No conventional integrated copy-trading platform

Negative balance protection

Yes for eligible retail clients/entity-dependent

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

Mitrade account types

Mitrade offers 3 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.

Base currencies: Jurisdiction-dependent. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-specific. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Live CFDDemoProfessional where available

Minimum deposit

$50

Spreads from

0.01 pips

Commission

$0

Maximum leverage

1:30

Platforms

Proprietary platform

Base currencies

Jurisdiction-dependent

Available markets

Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency CFDs

Minimum trade size

Instrument-specific

Account opening time

Typically minutes, subject to KYC

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as availability dependent on entity. Alternative charges, holding limits or eligibility conditions may apply.

Mitrade fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.01 pips, but typical pricing may be higher.

The reported trading commission is $0.

Overnight financing applies to eligible positions at rates that can change.

The broker reports generally none internally for deposits.

The broker reports method/entity-dependent for withdrawals.

Additional charges include an inactivity fee (Entity/account dependent).

A currency-conversion charge of Applicable where conversion is required may apply.

Spreads from

0.01 pips

Commission

$0

Overnight financing

Overnight funding may be charged/credited

Deposit fee

Generally none internally

Withdrawal fee

Method/entity-dependent

Inactivity fee

Entity/account dependent

Currency conversion

Applicable where conversion is required

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

Mitrade supports Proprietary platform. Availability can differ by account and legal entity.

Mitrade offers Mitrade WebTrader, Mitrade Desktop, Mitrade Mobile. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Proprietary platform

Proprietary platform

Yes

Web platform

Yes

Mobile app

Yes

Charting

Integrated technical indicators

Third-party tools

Limited compared with MT4/MT5 brokers

Server locations

Global infrastructure

The platform range is adequate. Its main advantage is support for Proprietary platform; the principal limitation is the absence of MetaTrader 4 and MetaTrader 5.

Markets available through Mitrade

The broker reports access to Hundreds instruments across forex, commodities, indices, shares, eTFs and cryptocurrency CFDs. Product availability depends on the account entity and platform.

Leverage is capped at 1:30 (ASIC retail), which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

The product range is strongest for forex, commodities and indices. Traders seeking metals may need another broker.

ForexCommoditiesIndicesSharesETFsCryptocurrency CFDs

Markets, as published

Forex, Shares, Indices, Commodities, Cryptocurrencies, ETFs

Total instruments

Hundreds

Currency pairs

Multiple

Cryptocurrency CFDs

Yes, jurisdiction-dependent

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Visa, Mastercard, bank transfer, Skrill, Neteller, Worldpay and regional methods. Processing times, limits, fees and availability vary by country, currency and account entity.

Withdrawals are stated at Method-dependent, against Many electronic methods fast/instant for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, e-wallets and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

Deposit methods

Visa, Mastercard, bank transfer, Skrill, Neteller, Worldpay and regional methods

Withdrawal methods

Bank transfer, cards, e-wallets and supported original funding methods

Deposit time

Many electronic methods fast/instant

Withdrawal time

Method-dependent

Deposit fee

Generally none internally

Withdrawal fee

Method/entity-dependent

Minimum withdrawal

Not confirmed

Local payment methods

Yes, country-dependent

View withdrawal complaints about Mitrade

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

Mitrade provides support through Live chat, email, Help Centre during Region/entity-dependent. Supported languages include Multilingual.

Support hours are Region/entity-dependent. Check they overlap the sessions you actually trade - cover that ends with the local business day is no use during an overnight move.

Reachable by live chat, email, help centre. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive articles, guides and trading education. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Support channels

Live chat, email, Help Centre

Support hours

Region/entity-dependent

Languages

Multilingual

Telephone

+61 3 9606 0033 for Australian entity

Email

cs@mitrade.com; cs.au@mitrade.com for Australia

Live chat response

Available

Research and market analysis

Real-time news, market analysis, technical tools and trading insights

Education

Extensive articles, guides and trading education

Is Mitrade a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

Mitrade is best considered by

• Traders who want a tier-one licence behind the account
• Traders who want raw spreads with a commission
• Traders who want a small first deposit

Consider another broker if

• You require an Islamic account
• You require copy trading
• You require MetaTrader

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