Smart Trading Across Markets
Mitrade is a multi-licensed, regulated CFD broker, offering 800+ instruments across forex, stocks, crypto, ETFs, and commodities. Authorised and regulated by ASIC, CySEC, FSC, and CIMA, it pairs a user-friendly platform with competitive pricing, making it a cost-efficient choice for both novice and professional traders.
Expert Reviewer Verdict
Mitrade offers a strong value proposition for both new and experienced traders. Its proprietary platform is simple to use yet equipped with advanced tools, making it suitable for those who want technical depth without complexity. With over 800 CFDs in forex, stocks, crypto, ETFs, and commodities, the broker appeals to traders who seek market variety and low trading costs. There are no commissions, tight spreads*, and quick execution speeds. It is regulated by ASIC, CySEC, FSC, and CIMA, which adds a layer of trust. While the platform does not support MT4 or MT5, it delivers an efficient, cost-conscious experience for traders who prioritise ease of use, security, and market access.
*Other fees may apply. Please refer to relevant section for fees
Pros and Cons
Pros
- Authorised Broker with Four Licenses
- 800+ CFD Instruments Offered
- No Commissions, Tight Spreads
- Fast Trade Execution Speed
- Secure Funding and Withdrawals
Cons
- No MT4 or MT5 Platform Support
- Currency cannot be changed
Trust and Safety
Strong Regulation, Secure Funds
Mitrade operates under four regulatory licenses—ASIC, CySEC, FSC, and CIMA—ensuring adherence to strict financial standards across multiple jurisdictions. These licenses require transparent operations, capital reserves, and the safeguarding of client funds.
To prevent fraud, Mitrade applies advanced security protocols, including data encryption and biometric authentication for payment methods like Apple Pay and Google Pay (only available in some countries). Rigorous anti-money laundering procedures and continuous monitoring of fraudulent websites help protect users and maintain platform integrity.
Client funds are held in segregated accounts, separate from company funds, ensuring they are not used for operational expenses. To reinforce its commitment to client protection, Mitrade has also arranged a discretionary insolvency insurance policy underwritten by Lloyd’s of London. The policy provides coverage of up to 1,000,000 AUD, EUR, or USD, depending on region, across all eligible claims. In the unlikely event of insolvency, any proceeds will be used solely to return client funds in line with the policy’s terms.
|
Regulatory Body |
Status |
|
ASIC |
Yes |
|
CySEC |
Yes |
|
CIMA |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
Tradable Instruments
Diverse Markets, One Platform
Mitrade offers access to over 800 curated CFD instruments across a wide range of global markets. Traders can engage in forex, cryptocurrencies, commodities, indices, stocks, ETFs, and futures CFD, all through a single platform. This variety allows users to tailor their trading strategies to suit market trends, personal interests, or risk appetite.
Forex traders can access major and minor currency pairs with flexible leverage, while those interested in commodities can trade popular assets like gold and oil. The platform also supports trading in leading indices, well-known equities, and selected ETFs, giving investors the ability to diversify across sectors and regions.
Mitrade regularly updates its product offerings based on trader demand and market movements, aiming to provide relevant instruments. This wide-ranging asset coverage makes Mitrade an option for both generalist traders and those with more focused strategies.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Accounts for Every Trading Style
Mitrade offers three account types to meet the needs of various traders. The Standard Account is suitable for new traders and retail clients, offering leverage up to 30:1 on major forex pairs and spreads starting from 0.4 pips. It includes a low minimum trade size of 0.01 lots, and integrated TradingView charts.
For experienced traders in Australia, the Pro Account provides higher leverage up to 200:1 and added benefits such as a dedicated account manager, and TradingView plan reimbursement. Eligibility is subject to local regulations.
The Demo Account is ideal for new traders or those testing strategies. It comes with AUD/EUR/USD 50,000 in virtual funds and access to all platform features in a risk-free environment.
All accounts feature segregated funds, no deposit or withdrawal fees, and tools for informed trading.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Clear and Competitive Costs
Mitrade follows a transparent pricing model with no hidden charges, making it appealing to cost-conscious traders. With no trading commissions, tight spreads, and no deposit or withdrawal fees, Mitrade is well-suited for both new traders and high-volume traders seeking to manage their trading costs efficiently.
Account Minimum
The amount varies by region and payment method.
Trading Fees
The main trading cost is the spread, which may vary depending on market conditions and the instrument traded. No additional commissions are charged.
CFD Fees
CFD trading is commission-free. Costs are embedded in the spread.
Forex Fees
No commission on forex trades. Tight spreads apply.
Futures Fees
Mitrade doesn’t offer futures trading, so there are no associated fees.
Account Fee
Mitrade does not charge account maintenance fees.
Inactivity Fee
No fees in EEA and Australia. Fees may apply to other regions
Deposit Fee
No fees for deposits. However, third-party charges may apply.
Withdrawal Fee
Typically no withdrawal fees from Mitrade. Payment providers may charge a fee.
Overnight Funding Fee
Yes, charged for positions held overnight. Rates vary by instrument.
Currency Conversion Fee
There are no currency conversion fees. Any transactions requiring conversion into the account’s base currency will be converted at the platform’s current exchange rate without extra fees.
Guaranteed Stop Order Fee
Does not offer a guaranteed stop loss feature.
Trading Platforms
Trade Across Global Markets, Anytime, Anywhere
Mitrade offers a proprietary trading platform designed for ease-of-navigation and speed across devices. It supports seamless trading via mobile, web, and desktop apps, allowing users to trade over 800 CFDs with real-time data, fast execution, and integrated tools like TradingView. The platform suits both new traders and experienced seeking flexible, intuitive trading.
Mobile Trading Apps
Mitrade’s mobile app is available on Android and iOS, offering full trading functionality on the go. Features include live market data, technical analysis tools, customisable charts, and news updates. The app is highly rated—4.4 on Google Play and 4.3 on the Apple App Store—reflecting strong user satisfaction.
Web Trading Apps
The web-based platform (WebTrader) runs smoothly on any browser, with no downloads required. It combines intuitive navigation with real-time data and technical analysis tools.
Desktop Trading Apps
For those preferring desktop, Mitrade is available on Windows and Mac, offering a consistent experience with full access to platform tools, analysis, and trading features.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Tools That Go Beyond Trading
Mitrade offers a unified trading ecosystem that blends execution, analysis, and education within a single platform. One standout feature is its ultra-fast execution—97 percent of trades are completed in under 50 milliseconds, providing precision in volatile markets. Traders can access real-time quotes, advanced charting tools with TradingView integration, and a steady flow of market news and insights to support informed decision-making.
For learning and strategy development, Mitrade provides a demo account with AUD/EUR/USD 50,000 in virtual funds and structured educational resources through the Mitrade Academy (available in selected regions). Additional perks for Pro account holders in Australia include access to TradingView plan reimbursement and promotional bonuses. All transactions are supported by seamless, secure payment methods, including Apple Pay and Google Pay (payment methods vary by country. This all-in-one setup makes Mitrade a strong option for traders who want simplicity, speed, and insight in one place.
Research and Education
Learn, Analyse, and Trade Smarter
Mitrade provides a comprehensive suite of research and educational tools designed to support traders at different stages of their trading journey. The platform offers daily technical analysis, macroeconomic commentary, and real-time market news to help users make informed decisions. It provides insights through articles and charts, while Its Economic Calendar tracks global events that may impact market volatility,
For new traders, Mitrade covers essential topics such as CFDs, trading instruments, and risk management. The Mitrade Academy (available in selected regions) offers structured video courses and learning modules tailored to both novice and experienced traders.
All educational resources are integrated into the trading platform, enabling seamless access to learning materials alongside real-time trading. Whether you’re new to trading or refining your strategies, Mitrade’s research and education tools offer practical, easy-to-digest content that helps traders build knowledge and stay current with global market trends.
Customer Support
Support That Speaks Your Language
Mitrade offers responsive, multilingual customer support designed to assist traders efficiently. Support is available 24 hours a day, Monday through Friday, in 12 languages, including English, Chinese, Spanish, Arabic, and German. Traders can reach the team through multiple channels: an instant-response chatbot, live chat with a response time under one minute, a website contact form, and email. Regional email support is available via dedicated addresses for Australia, the EU, and other global regions. This tailored approach ensures that traders receive relevant, region-specific assistance. Whether resolving technical issues or answering trading-related queries, Mitrade’s customer support team is accessible, quick, and knowledgeable—providing reassurance and help when it matters most.
Account Opening
Fast, Simple, and Secure Setup
Mitrade’s account opening process is designed to be smooth and hassle-free, allowing traders to get started quickly.
Registration: Begin by visiting Mitrade’s website and signing up using your email or mobile number. This instantly opens a demo account, giving you access to the platform’s features for practice and exploration.
Verification: To open a live trading account, switch from demo mode and fill out a brief form with your personal details, financial background, and trading experience, as required by regulatory standards.
Document Upload: Upload a valid government-issued ID and, if necessary, a proof of address. In selected regions, Mitrade also offers electronic verification through trusted third-party services for faster processing.
After successful verification, your live account is activated and ready for deposits and trading. The entire process is streamlined, with a focus on both security and ease of use.
Deposit and Withdrawals
Convenient, Fast, and Fee-Free
Mitrade supports a wide range of secure and user-friendly payment methods, depending on the region you are in.
Deposits: Traders can fund their accounts using Visa, Mastercard, PayID, BPay, Bank Transfer, Apple Pay, Google Pay, Skrill, and Neteller. Most methods offer instant processing, while bank transfers may take 1–2 business days. Mitrade does not charge deposit fees, though third-party providers may apply service fees. Minimum deposit amounts vary by region.
Withdrawals: The same payment methods are available for withdrawals. Processing times range from 1 to 3 business days, depending on the method. There are typically no withdrawal fees from Mitrade, but traders should check with their provider and customer support for any applicable charges.
With flexible deposit and withdrawal options, traders can easily fund and manage their accounts
Final Thoughts
Mitrade presents a strong option for traders seeking a secure, user-friendly platform with competitive pricing . Regulated across four jurisdictions — ASIC, CySEC, FSC, and CIMA — Mitrade maintains segregated client funds and offers excess loss insurance add further protection. The proprietary platform is intuitive, with access to over 800 CFDs and real-time data, making it suitable for both new traders and professionals.
With no commissions, tight spreads, and fast execution, Mitrade appeals to cost-conscious, active traders. Educational tools, research insights, and responsive customer support enhance the overall experience. While traders who prefer MT4/MT5 may find the platform limiting, those looking for an all-in-one solution with seamless mobile, web, and desktop access will find Mitrade a compelling choice.
Contact Info
Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia
FAQs
-
Question: What is the Minimum Deposit at Mitrade?
Answer: The amount varies by region and payment method. -
Question: Does Mitrade Charge Trading Commissions?
Answer: No, Mitrade does not charge any trading commissions. All trading costs are included in the spreads. -
Question: Can I Use MT4 or MT5 with Mitrade?
Answer: No, Mitrade operates on its own proprietary platform and does not support MT4 or MT5. -
Question: Are There Any Fees for Deposits or Withdrawals?
Answer: Mitrade does not charge fees for deposits or withdrawals, but third-party payment providers may apply service charges.
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