Mitrade

Written by How we review

Mitrade forex broker offers a streamlined web and mobile platform with broad market access, flexible order types, and built-in analysis tools for forex and CFD trading.
Start Trading

Key facts

7.6/10
Our rating
#127
Trust rank
2011
Founded
3
Licences
233
Countries accepted
HeadquartersAustralia
Broker typeMarket Maker
RegulationASIC; CIMA; FSC Mauritius
PlatformsProprietary
InstrumentsCommodities, Cryptocurrencies, Forex, Indices
Fee levelMedium

Updated

Pros

  • • ASIC and CIMA regulation
  • • Segregated client funds
  • • Negative balance protection
  • • Commission-free trading
  • • Competitive spreads

    • Cons

  • • No MT4/MT5 or cTrader support
  • • No algorithmic/API trading or VPS
  • • Spread-only pricing; wider spreads than ECN
  • • Offshore entities under CIMA/Mauritius
  • • CFDs-only; no share dealing or options

    • Key Features

  • • ASIC Regulated With Segregated Client Funds
  • • Proprietary Web And Mobile CFD Platform With Advanced Charting
  • • Forex Indices Commodities Equities And Cryptocurrency CFDs
  • • Commission Free Pricing With Variable Spreads
  • • Negative Balance Protection And Margin Close Out Protection
  • • Risk Management Orders Stop Loss Take Profit And Trailing Stop

    • Similar Brokers

    Where This Broker Ranks

    Mitrade is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

    See something wrong on this page?

    Report an issue with this broker listing

    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

    Affiliate disclosure: Some links are affiliate links. We may earn a commission if you sign up, at no extra cost to you. This helps keep BrokerCatalogue running and does not change how we rate or compare brokers.

    Frequently Asked Questions

    Mitrade is a forex and CFD broker. You can access major and minor currency pairs, indices, commodities, and some cryptocurrencies where allowed. It offers a proprietary web and mobile platform with charting and core order types. Product lists, features, and access can vary by region and entity. This is general information for your review and not financial, legal, or investment advice.

    Mitrade operates through licensed entities in selected jurisdictions. The entity that serves you depends on your country of residence. In regulated setups, client money is usually held in segregated accounts at approved institutions, and certain protections may apply under local rules. Details can differ by entity and region, so review the terms, disclosures, and risk documents during onboarding. This overview is for general information only and not financial, legal, or investment advice.

    You typically pay costs through spreads on each trade. Holding positions beyond a trading day can incur overnight financing. Currency conversion may apply if your account and instrument currencies differ. Some methods can involve deposit or withdrawal processing charges from payment providers. An inactivity fee can apply after a period without trading. Check the fee schedule in your account area for the latest details. This is general information only, not financial, legal, or investment advice.

    Mitrade supports common funding and payout methods such as bank transfer, cards, and selected e‐wallets, depending on your region. Processing time and limits vary by method and compliance checks. For security, withdrawals usually return to the original funding source when possible. You may need to complete identity and address verification before fund release. Third‐party providers can charge their own fees. Review the funding page in your account for current options. This is general information only and not financial, legal, or investment advice.

    Availability depends on your country and local rules. Mitrade completes standard know‐your‐customer checks and requires valid identification and proof of address. You must meet the legal age in your jurisdiction. Some products or features can be restricted or offered by a different operating entity. If your region is not supported, account opening may not be available. This summary is for general informational purposes only and should not be considered financial, legal, or investment advice.

    Still comparing?

    See our full list of forex brokers and find the best fit for you. Use our forex broker comparison tool or visit all brokers page.

    Share this review

    Help other traders choose wisely.