Mitrade Review
💲 Min Deposit $50
⌛ Year Established 2018
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.mitrade.com
🌎 Country
⚖ Max Leverage 1:200
📖 Free education
Mitrade is a well-established broker since 2018. Mitrade has headquarters in Mauritius, Australia and Cayman Islands. Mitrade to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by FSC (Mauritius) GB20025791, ASIC AFSL 398528 and CIMA 1612446.
Account Information
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.
Min Deposit
$50
Max Leverage
1:200
Spread
Variable
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
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
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:
Forex
1:200
Gold & silver
1:100
Indexes
1:200
Crypto
1:10
Payment Methods
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.
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.
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 POLi and Credit/debit cards
Trading Platforms
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.
Customer Support
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:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Mitrade
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 Skrill, Wire transfer, Credit/debit cards, Neteller and POLi. The customer support is available via Email, Web form and Live chat.
The starting capital in Mitrade is $50.
Mitrade is regulated by FSC (Mauritius) GB20025791, ASIC AFSL 398528 and CIMA 1612446. 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.
Mitrade is a brokerage company offering trading services for clients since 2018 with offices in Mauritius, Australia and Cayman Islands.
