Forex Brokers

MiTRADE

Mitrade is an award-winning broker based in Melbourne, Australia, specializing in Forex and CFD trading services.

Mitrade is an award-winning broker based in Melbourne, Australia, specializing in Forex and CFD trading services. Investors can make leveraged transactions in the global financial market through Mitrade's CFD products. Mitrade's mobile app and web-based trading platform can provide traders with a good experience, very competitive transaction costs, fast transaction execution and excellent customer service. Mitrade Global holds a full license from the Australian Securities and Exchange Commission (license number: 398528), while Mitrade is regulated by the Cayman Islands Monetary Authority (CIMA) (regulatory number: 1612446).

Security Analysis

Mitrade is regulated by the global first-level regulator - Australian ASIC. As we all know, this is a regulatory agency with stricter supervision of foreign exchange CFDs, which means that investors' capital security and trading activities can be guaranteed to a certain extent.

Financial Instruments

Investors can trade more than 100 financial instruments through the Mitrade platform, mainly including popular currency pairs, indices, commodities, stocks and cryptocurrencies in the foreign exchange market.

Account & Leverage

Mitrade offers only one standard account for all investors. This single account type allows all customers to be treated equally. In addition, Mitrade provides investors with demo accounts where traders can practice their trading skills and trading strategies.

Trading Platform

Mitrade provides traders with a self-developed trading platform instead of the MT4/MT5 trading platform. Created by traders, the Mitrade trading platform features a clear, intuitive and easy-to-use interface, as well as multiple powerful technical indicators.

Deposits

Mitrade supports traders to make deposits and withdrawals from their investment accounts via wire transfer, bank transfer, VISA, MasterCard, Skrill, POLi.

Pros &Cons

The main advantages of Mitrade are:

1. Regulated by Australian ASIC;

2. Rich financial trading tools;

The main disadvantages of Mitrade are:

1. A single account type;

2. There are no fees for spreads, commissions, and overnight interest;

3. Non-MT4/MT5 trading platform;

4. US customers are not accepted;

5. The spread is not competitive;

6. There is no contact number on the official website;

7. Charge inactive account fees;

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