Mitrade Review

Mitrade at a Glance

About Mitrade

Mitrade has been trading for around 15 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is Mitrade Holding Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Mitrade Group. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.

Regulation and Safety

Mitrade holds tier-one authorisations from ASIC and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (CIMA and FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Client money is held separately from the firm's own money, at Not consistently disclosed group-wide. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Jurisdiction-dependent; Cyprus ICF protection for eligible clients, which pays eligible clients up to its limit if the firm fails owing client money.

• Australian Securities and Investments Commission (ASIC), Australia: tier 1
• Cyprus Securities and Exchange Commission (CySEC), Cyprus: tier 1

Trading Costs

A quoted spread from 0.01 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Mitrade lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Spreads and Commissions

Compare the round-trip cost at your size with the profit and loss calculator. The lesson on spreads, commissions and financing explains how to add them up.

Account Types

A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.

Base currencies: Jurisdiction-dependent. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-specific. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Minimum Deposit

The minimum deposit at Mitrade is $50. The sensible starting deposit is the one that lets you size positions at one percent risk with a realistic stop, which the position size calculator works out.

Trading Platforms

Mitrade offers Mitrade WebTrader, Mitrade Desktop, Mitrade Mobile. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Markets

Mitrade covers forex, shares, indices, commodities, cryptocurrencies, etfs. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, skrill, neteller, worldpay and regional methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Forex Pairs

Mitrade offers Multiple currency pairs. Other markets on offer: forex, shares, indices, commodities, cryptocurrencies, etfs.

Leverage

Maximum leverage is Jurisdiction-dependent; Australian retail limits apply. Retail leverage is capped at 1:30 on major pairs under FCA, ESMA and ASIC rules and higher leverage is available only from entities outside those regulators. The lesson on leverage explains why the number you can use is rarely the number you should.

Execution

Deposits and Withdrawals

Withdrawals are stated at Method-dependent, against Many electronic methods fast/instant for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, e-wallets and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

Customer Support

Support hours are Region/entity-dependent. Check they overlap the sessions you actually trade - cover that ends with the local business day is no use during an overnight move.

Reachable by live chat, email, help centre. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive articles, guides and trading education. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Education and Research

Mitrade offers Extensive articles, guides and trading education. Research: Real-time news, market analysis, technical tools and trading insights. Whatever a broker provides, the courses on this site cover the fundamentals independently of any broker.

Demo Account

Mitrade offers a free demo account. Use it to test the platform, the spreads at your trading hours and the order types you rely on before depositing; the lesson on demo and live accounts explains what a demo can and cannot tell you.

Key Strengths

• Regulated by a tier-one authority, with the protections that brings for the entity concerned.
• Spreads from 0.01 pips, competitive for active trading.
• A minimum deposit of $50, accessible for a first account.
• A free demo account to test before depositing.

Important Considerations

• Entity matters: the protections described here apply only to the licensed company named in your client agreement.

Who Is Mitrade Suitable For?

Mitrade suits traders who want tier-one regulatory protection, active traders who want raw spreads, and beginners with small starting deposits. The considerations section below lists what to check first.

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Frequently Asked Questions

Trading forex and CFDs carries a high risk of losing money. Figures are the broker's published terms at the last check and can change. We may earn a commission when you open an account through a link. Affiliate disclosure.