Company Profile
| Broker Name | MiTRADE |
| Founded | 2010 |
| Registered Country | Australia |
| Regulation | ASIC, CySEC |
| Market Instruments | Forex, indices, commodities, shares, ETFs |
| Demo Account | Available |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 1 pip |
| Commission | $0 |
| Trading Platform | Mitrade Mobile App, Desktop, WebTrader |
| Minimum Deposit | Not mentioned |
| Customer Support | 24/5 live chat, contact form, email: cs@mitrade.com |
What is MiTrade?
MiTRADE, based in Australia and regulated by ASIC, offers a range of features and services to its clients. The broker provides a proprietary trading platform that allows traders to access the financial markets with competitive spreads starting from 0.0 pips. Tradable assets include forex, indices, shares, and commodities, and ETFs. MiTRADE offers both demo and live accounts. For those seeking an Islamic account, MiTRADE provides that option as well. Customer support is available 24/5 through various channels, including live chat, contact form and email.
Pros & Cons
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Is MiTRADE legit?
MiTRADE is a broker that operates under the regulation of the Australia Securities & Investment Commission (ASIC), with an Market Making (MM) license under license no. 398528; and the Cyprus Securities and Exchange Commission (CySEC), with an Market Making (MM) license under license no. 438/23.
Market Instruments
MiTRADE offers access to various financial markets, including forex, indices, shares, commodities and ETFs.
Traders can engage in forex trading, speculating on the price movements of different currency pairs. Additionally, they can trade popular indices, giving them exposure to the performance of a basket of stocks from specific markets. MiTRADE also offers the opportunity to trade shares, allowing clients to invest in individual company stocks. Moreover, traders can participate in commodity trading, taking positions on the price fluctuations of commodities such as gold, oil, and agricultural products.
Account Types
MiTRADE offers two types of accounts for traders: a live account and a demo account.
The live account is designed for real trading with actual funds, allowing traders to participate in the financial markets and execute trades using their own capital. The minimum deposit for opening a live account with MiTRADE is undisclosed. This broker offers USD or AUD as a base currency for their trading accounts.
On the other hand, the demo account is a simulated trading environment that provides users with virtual money to practice trading strategies and explore the platform's features. Each demo account is initialized with a generous amount of USD50,000 or AUD50,000 virtual money, enabling traders to gain hands-on experience without any financial risk.
How to Open an Account?
To open an account with MiTRADE, you can follow a simple process:
- Visit the MiTRADE website: Go to the official MiTRADE website using a web browser. Click on “Open Account” or “Register”: Look for the “Open Account” or “Register” button on the homepage or the main navigation menu.
- Fill in the Registration Form: Provide the required information in the registration form. This usually includes personal details such as your name, email address, phone number, and country of residence. You may also need to create a username and password for your account.
- Complete the Verification Process: MiTRADE may require you to verify your identity and address by submitting supporting documents. This could include a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).
- Review and Agree to Terms and Conditions: Read through the terms and conditions of MiTRADE's services carefully. Make sure you understand and agree to the terms before proceeding.
- Fund Your Account: Once your account is successfully registered and verified, you can proceed to fund your trading account. MiTRADE typically offers various deposit methods such as bank transfer, credit/debit card, or online payment systems. Choose the method that is most convenient for you and follow the instructions provided.
- Start Trading: After your account is funded, you can access the MiTRADE trading platform using your login credentials. Explore the platform, familiarize yourself with its features, and start trading the available financial instruments, such as forex, indices, commodities, or cryptocurrencies.
Leverage
MiTRADE offers trading leverage of up to 1:200. It is crucial to understand that high leverage can amplify both potential profits and risks. While it may be appealing to experienced traders who are familiar with managing leverage effectively, inexperienced traders are advised to exercise caution and carefully consider their risk tolerance.
Spreads & Commissions
MiTRADE offers floating spreads for various trading instruments. The spread on the popular EURUSD currency pair starts from 1 pip, providing traders with a competitive option for trading this major pair. The EURGBP pair has a spread starting from 1.4 pips, while UKOIL and USOIL (Crude Oil) have spreads of approximately 0.06 pips, offering traders a tight spread option for energy commodities. For precious metals, the XAUUSD (Gold) pair has a spread starting from 0.44 pips, and the XAGUSD (Silver) pair has a spread starting from 0.3 pips.
Notably, MiTRADE does not charge any commissions on trades, which can be advantageous for traders seeking cost-effective trading options.
Non-Trading Fees
- Product Quotes, Technical Indicators, Market Analysis: Free
- Bid-Ask Spread: Charged as service compensation, not fixed.
- Deposit and Withdrawal Fees: No charges from Mitrade, but third-party fees may apply (e.g., bank or currency conversion fees).
- Overnight Holding Costs: Applied if positions are held past 10:00 PM GMT.
- Other Expenses: No hidden fees.
Trading Platform
MiTRADE offers its own proprietary trading platform for clients, with desktop and app version, as well as WebTrader. The proprietary platform is designed to meet the specific needs and preferences of MiTRADE's traders. The platform offers a user-friendly interface, providing access to real-time market data, charting tools, and a range of order types.
Deposit & Withdrawal
| Payment Method | Deposit Processing Time |
| Visa/Mastercard | Instant, within 3 minutes |
| Bank Transfer | |
| E-Wallet | |
| QR Code Payment |
The broker does not charge any fees for deposits and withdrawals in most cases. However, there are other third-party charges for deposit and withdrawals that are outside of Mitrades control such as intermediary bank fees, etc.
Note that not all deposit methods are available in all countries. Please log in to your Mitrade account to view what payment options are available to you.
Customer Support
MiTRADE offers 24/5 live chat service with a team of dedicated professionals. They can be reached via email: cs@mitrade.com. You can also fill out the ‘contact us’ form on the brokers website, and a customer support specialist will attend to you as soon as possible. Mitrade is also available on social media: Instagram, Facebook, Twitter, YouTube, LinkedIn, TikTok and Telegram.
Traders can also visit the team at their offices:
• Mitrade Holding Ltd: 215-245 N Church Street, 2nd Floor, White Hall House, George Town, Grand Cayman, Cayman Islands;
• Mitrade Global Pty Ltd: Level 13, 350 Queen Street, Melbourne, VIC 3000, Australia;
• Mitrade International Ltd: Suite 707 & 708, 7th Floor, St James Court, St Dennis Street, Port Louis, Mauritius.
FAQs
Is MiTRADE regulated?
Yes. MiTRADE is regulated by ASIC under regulatory license number 398528.
At MiTRADE, are there any regional restrictions for traders?
Yes. The information on MiTRADEs site is not intended for residents of the United States, Canada, Japan, New Zealand or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Which live trading accounts does MiTRADE offer?
MiTRADE offers one live account and a demo account to choose from.
Are there any fees for using the trading platform?
MiTRADE is a commission-free trading platform. The main cost of trading comes from the low spreads it charges, which vary among different markets.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital.
2025 SkyLine Malaysia 
FX2575110092
Macao
Ask customer service, but they claim that the slippage cannot be controlled, and the loss will be compensated by yourself, so you can only accept it. Fortunately, it is a small position
Exposure
Rita S
Hong Kong China
As an employee of this company, I have been working for more than 3 years and I am really fed up with it. In the past, the company's biggest markets were Vietnam and Thailand, followed by Taiwan, but since last year's decline in Vietnam and Thailand, the company has been forcing us to increase the number of Taiwanese clients. I can't bear to continue doing this because the average life expectancy of our clients is less than 2 days, and I'm being chastised by my conscience at work every day. I started out in Vietnam, but later on I had to take care of Taiwan as well. I was really out of breath because Vietnam is getting harder and harder to do this year. The company's clients come from two simple sources, one for advertising and one for Google SEO, and I'm mainly responsible for Google SEO, which is why I know so much about it. I am mainly responsible for Google SEO acquisition, which is why I know so much about it. The biggest incremental revenue of the company now comes from Taiwan. In fact, last year we have been suppressed by Google because of the problem of harvesting users, we have gone from a peak of 75,000 users a month (in 21 years there were still 100,000+), to only 20,000+ users a month by Google. I feel more and more uncomfortable, I feel like I have become a scythe. The company has no customer service, no office and no licence in Taiwan. The clients in Taiwan will not be placed under the supervision of ASIC because the supervision of ASIC is very strict. If placed under ASIC regulation, even the minimum deposit threshold may have to be raised above US$1000. I really hope that Taiwanese clients will not register to deposit again, the deposit is no longer relevant to me, I have seen many colleagues leave, I also do not want to do it although now it is difficult to find a job.
Exposure
KOnal
Hong Kong China
On one hand, the app is user-friendly and straightforward, which is great for beginners like me. On the other hand, I faced issues with fund transfers taking longer than expected, and the customer service response was slower than I hoped for. It’s a solid platform, but improvements in these areas would make it better.
Neutral
FX1160813658
Hong Kong China
The trading tools provided are quite practical, and the spread of foreign exchange is also quite low, but I think the one thing that is more difficult is that their trading platform is really not easy to use, the execution of orders is often delayed, and the technical indicators cannot be customized. None of them are as easy to use as mt4 or mt5.
Neutral
难捱
Hong Kong China
Havent trade with MiTRADE, but i have some words to say. Although it offers wide range of tradable instruments, and the trading condition is also not bad, it lacks mt4 and mt5. Personally, i will prefer to choose the brokers who offers these two industry-standard platforms.
Neutral