Mitrade Review
Updated regularly · Independent ratings
Overall Rating
4.3 / 5
Fees
4.4 / 5
Safety
4.6 / 5
Platforms
4.1 / 5
Education
4.3 / 5
Min. deposit
$20
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
Mitrade — At a Glance
Full broker data from our database
| Minimum deposit | $20 |
| Broker type | Market Maker |
| Spread type | Variable |
| Spreads from | 0.4 pips |
| Commission | No commission |
| Maximum leverage | 1:30 (CySEC), 1:30 (ASIC), 1:200 (CIMA), 1:200 (FSCM), 1:200 (FSCA), 1:200 (CMA) |
| Minimum lot size | 0.01 |
| Maximum lot size | 30 |
| Decimal pricing | 5 decimals |
| Trading platforms | Mobile App, Web Platform, Desktop Platform |
| API access | No |
| VPS | No |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | No |
| Managed account | No |
| PAMM / MAM account | No |
| Joint account | No |
| Copy trading | No |
| Social trading | No |
| Account currencies | USD, AUD |
| One-click trading | Yes |
| OCO orders | No |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | No |
| Bonuses | Yes |
| Contests | No |
| Regulators | ASIC (Australia), CySEC (Europe), CIMA (Cayman Islands), FSCA (South Africa), FSC (Mauritius), CMA (UAE) |
| Headquarters | Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia. |
| International offices | Australia, United Arab Emirates, South Africa, Mauritius, Cyprus, Cayman Islands |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, Apple Pay, Google Pay, PayID, QR Code Payment, POLi |
| Languages | English, Chinese (Simplified), Chinese (Traditional), Vietnamese, Thai, Korean, Spanish, Arabic, German, Indonesian, Portuguese, Polish, Italian |
| Customer support | Live Chat, Email, Telephone |
| Contact email | cs@mitrade.com |
| Minimum deposit | $20 | Social trading | No |
| Broker type | Market Maker | Account currencies | USD, AUD |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | 0.4 pips | OCO orders | No |
| Commission | No commission | Trailing stop loss | Yes |
| Maximum leverage | 1:30 (CySEC), 1:30 (ASIC), 1:200 (CIMA), 1:200 (FSCM), 1:200 (FSCA), 1:200 (CMA) | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 30 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | Mobile App, Web Platform, Desktop Platform | Contests | No |
| API access | No | Regulators | ASIC (Australia), CySEC (Europe), CIMA (Cayman Islands), FSCA (South Africa), FSC (Mauritius), CMA (UAE) |
| VPS | No | Headquarters | Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia. |
| Demo account | Yes | International offices | Australia, United Arab Emirates, South Africa, Mauritius, Cyprus, Cayman Islands |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | No | Payment methods | Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, Apple Pay, Google Pay, PayID, QR Code Payment, POLi |
| Managed account | No | Languages | English, Chinese (Simplified), Chinese (Traditional), Vietnamese, Thai, Korean, Spanish, Arabic, German, Indonesian, Portuguese, Polish, Italian |
| PAMM / MAM account | No | Customer support | Live Chat, Email, Telephone |
| Joint account | No | Contact email | cs@mitrade.com |
| Copy trading | No |
Pros & Cons
Pros
- +Strong global regulatory oversight.
- +Established in 2011 with a strong and proven track record.
- +Segregated client funds.
- +Negative balance protection.
- +Wide range of global market access through CFDs.
- +Fast and simple account setup process.
- +Free demo account available.
- +Low minimum deposit.
- +Multiple fast and secure payment methods.
- +Low forex and CFD trading fees.
- +No deposit or withdrawal fee for most payment methods.
- +User-friendly mobile, web, and desktop proprietary platforms.
- +Outstanding research tools & market analysis.
- +Great educational content for beginners.
- +Great customer support service.
Cons
- −Product offering is limited to forex and CFDs.
- −Limited advanced tools for professional traders.
- −No support for TradingView, MT4, MT5 or cTrader.
- −No integrated social, copy, and PAMM trading features.
- −Educational resources are limited and basic.
- −An inactivity fee after 6 months of account inactivity.
- −No Islamic swap-free account.