What is Mitrade?
Broker overviewMitrade is an ECN / STP forex broker founded in 2012 and based in Australia. It offers forex currencies, cryptocurrency, commodities, indices, stocks, bonds, futures on Web-based Version, Mobile App.
Mitrade is regulated by Regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) No. 398528.. Its listed office is Level 17, 350 Queen Street, Melbourne, VIC 3000, Australia.
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the Mitrade bonus offers, and who the broker suits best.
- ✓Regulated since 2012 by Regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) No. 398528..
- $Cost to start: $100 minimum deposit and spreads from 0.3 pips.
- ⚡Flexible trading: leverage up to 1:200, hedging, scalping and news trading allowed.
- %Bonus: Welcome Bonus Promotions and a no deposit bonus.
Our short verdict
Mitrade stands out for strong multi-regulation, an affordable $100 minimum deposit and tight spreads from 0.3 pips. The main thing to watch: trading terms can differ by region and group entity.
More about Mitrade
Some news
Is Mitrade safe and regulated?
Mitrade is supervised by 2 authorities. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| Regulated by Australian Securities and Investments Commission (ASIC) | — | Licence listed for this broker. |
| Australian Financial Services Licence (AFSL) No. 398528. | — | Licence listed for this broker. |
Before you sign up, check which Mitrade company will hold your account, because protection levels can differ between regions.
Mitrade account types and trading conditions
These are the main trading conditions listed for Mitrade. It offers Islamic, mini accounts.
| Feature | Mitrade |
|---|---|
| Minimum deposit | $100 |
| Minimum spreads | 0.3 pips |
| Max leverage | 1:200 |
| Execution | ECN / STP |
| VIP accounts | No |
| Mini accounts | Yes |
| Swap-free (Islamic) | Yes |
| Managed accounts | No |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
Mitrade trading platforms
Mitrade supports Web-based Version, Mobile App.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures. The website is available in English, Chinese, Vietnamese, Thailand, Korea, Bahasa Indonesia, Bahasa Melayu.
Mitrade deposit and withdrawal methods
Mitrade accepts these deposit methods:
- Bank transfer
- Credit card
- Skrill
- Neteller
Withdrawals use the same methods as deposits.
Accounts can be held in USD, AUD. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
Mitrade bonus and promotions
These are the promotions listed for Mitrade:
Promotion offered by Mitrade. Check the broker's terms for trading volume and withdrawal conditions.
Mitrade's welcome offer for new clients. Check the broker's terms for trading volume and withdrawal conditions.
Mitrade no deposit bonus: Mitrade lists a no deposit bonus: $50 Forex No Deposit Bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
Mitrade pros and cons
Pros
- Regulated by Regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) No. 398528. (since 2012)
- Affordable $100 minimum deposit
- Spreads from 0.3 pips
- Web trading
- Hedging and scalping allowed
- News trading allowed
- Islamic, mini accounts
Cons
- Trading terms can differ by region and group entity
- CFD trading carries a high risk of losing money
How to open an Mitrade account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $100 and opt in to the promotion if your region qualifies.
- Start tradingLog in to Web. Practise first on a free demo account.
Mitrade customer support and contact
These are the contact details we have on file for Mitrade:
Mitrade review FAQ
Is Mitrade a regulated broker?
What is the Mitrade minimum deposit?
Does Mitrade offer a no deposit bonus?
What is the maximum leverage at Mitrade?
Which platforms does Mitrade support?
Is Mitrade good for beginners?
Final verdict: should you trade with Mitrade?
Mitrade scores 4.1 out of 5 in our review. Its strongest points are strong multi-regulation, an affordable $100 minimum deposit and tight spreads from 0.3 pips. Keep in mind: trading terms can differ by region and group entity; cFD trading carries a high risk of losing money.
If you want to start without your own money, Mitrade's no deposit bonus is worth a look. Compare it with other options on our best forex brokers page before deciding.