Mitrade is a well-established broker since 2018. Mitrade has headquarters in Australia, Cayman Islands and Mauritius. Mitrade to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by ASIC AFSL 398528, CIMA 1612446 and FSC (Mauritius) GB20025791.
⌛ Year Established
📖 Free education
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Mitrade is up to 1:200. Meanwhile, you can open an account with a starting capital of $50.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $50
💡 Min Position 0.01 lot
🔢 Spread Variable
🤖 Expert Advisors
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
Besides lots of currency pair, Mitrade also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Soft commodities and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Mitrade specifically provides it with the following instruments and leverage:
Gold & silver
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
Mitrade also provides payment with Credit/debit cards and POLi
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Mitrade offers you TradingView.
Do you have any question or find any trouble related to Mitrade? If you do, you should reach Mitrade's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About Mitrade
Is Mitrade a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Mitrade is a good broker for you or not by reviewing the criteria. In general, Mitrade provides trading service in Forex , Gold & silver , CFD , Oil , Stocks , Indexes , Soft commodities and Crypto . As for the payment methods, you can choose between Credit/debit cards, Neteller, POLi, Skrill and Wire transfer. The customer support is available via Email, Live chat and Web form.
What is the minimum deposit for Mitrade?
The starting capital in Mitrade is $50.
Is Mitrade regulated?
Mitrade is regulated by ASIC AFSL 398528, CIMA 1612446 and FSC (Mauritius) GB20025791. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is Mitrade legit?
Mitrade is a brokerage company offering trading services for clients since 2018 with offices in Australia, Cayman Islands and Mauritius.