What awards has Mitrade received in recent years?

Mitrade has won several awards including: Best Forex Trading App Australia (2023), Customer Satisfaction Asia (2024), Most Transparent Broker (2022), and Most Sustainable FX Platform (2024) by World Finance.

Is Mitrade a good choice for beginner traders?

Yes, Mitrade is beginner-friendly with its $20 minimum deposit, commission-free trading, user-friendly proprietary platform, and rich educational resources, including a Learn section and market insights.

How does Mitrade handle margin calls and stop-outs?

Mitrade enforces a margin call at 100% and a stop-out level at 50%. This means positions may be automatically closed once account equity falls below half the required margin.

What bonuses and referral promotions are available on Mitrade?

Mitrade offers several promos: a Welcome Bonus (up to $2,000 for deposits over $10,000), a Referral Program, and a Reward Campaign that gives points for $200+ deposits within 7 days of registration.

How do I verify my identity on Mitrade?

After registering, users must upload Proof of Identity (passport or driver’s license) and Proof of Address (utility bill or bank statement). The KYC process also includes a trading experience questionnaire and tax ID collection.

What payment options does Mitrade support?

Mitrade accepts Visa, MasterCard, PayID, Skrill, Neteller, and bank wire transfers for both deposits and withdrawals. Crypto payments are not supported. Withdrawals are typically processed within 24 hours.

Which countries are restricted from accessing Mitrade?

Mitrade does not accept users from jurisdictions like the United States, Canada, Japan, New Zealand, Iran, North Korea, Yemen, and Afghanistan due to regulatory restrictions.

What is the spread on major currency pairs at Mitrade?

Mitrade offers floating spreads. Example spreads include EUR/USD: 0.00006, GBP/USD: 0.00008, and USD/JPY: 0.014. These are competitive considering the broker's zero-commission structure.

Is Mitrade suitable for Muslim traders seeking an Islamic account?

No, Islamic (swap-free) accounts are not available on Mitrade across any of its entities. Traders following Sharia principles may need to explore alternative brokers.

Does Mitrade support copy trading or investment plans?

No, Mitrade does not offer copy trading, PAMM/MAM services, or automated strategy investment plans. This might be a limitation for users who prefer social trading features.

What trading platforms does Mitrade offer?

Mitrade provides a proprietary platform powered by TradingView. It is available as a web terminal, desktop, and mobile app (Android/iOS). The platform offers 150+ indicators, 74 drawing tools, and real-time alerts. MT4 and MT5 are not supported.

Does Mitrade charge commissions or transaction fees?

No, Mitrade is a zero-commission broker. All trading costs are embedded within the floating spreads, which are competitive—for example, EUR/USD spread starts at 0.00006. There are also no deposit, withdrawal, or inactivity fees.

What leverage does Mitrade provide to traders?

Mitrade offers up to 1:200 leverage, though the actual level depends on your jurisdiction. For example, EU and AU clients may face tighter restrictions due to regional regulations, while offshore users can access higher leverage.

What types of accounts does Mitrade offer?

Mitrade offers two main account types: Demo Account with $50,000 in virtual funds valid for 90 days, and a Live Account with a minimum deposit of just $20. While a professional account exists, it is not publicly promoted and requires eligibility.

What markets can I trade?

The broker provides access to 5 asset classes, including Forex, indices, Shares, Commodities, and ETFs.

What is the minimum deposit?

You can open a live account with a minimum budget of $20.

Is Mitrade a regulated broker?

CIMA, CySEC, ASIC, and FSC oversee the broker’s operation.

TradingFinder
Forex Brokers
Mitrade Broker Review 2025

Writer:

Arjun Mandal

Reviewer:

Rajesh Sharma

Fact checker:

Nino Gogochashvili

Modified:May 26, 2025

Mitrade Broker Review 2025

Company:Mitrade

Founded:2011

Min Deposit:$20

Max Leverage:200

Headquarter:

Melbourne, Australia

US Accepted:

Trading Central Access No Commissions Mobile Trading Demo account

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About

Mitrade is an Australia-based brokerage company regulated by multiple authorities, including CySEC, ASIC, CIMA, and FSC. The broker offers a Live account with a $20 minimum deposit requirement. It has implemented multiple promotional programs, such as a Reward Campaign with a prize of up to $3,000 and a $2,000 bonus for deposits above $10,000.

Contact

N/A cs@mitrade.com

Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

User-friendly proprietary platform

Wide range of trading instruments

Competitive spreads and no commissions

Regulated by multiple tier-1 authorities

Cons

Geo-restrictions

No MetaTrader 4/5 support

No cryptocurrency offerings

No social/copy trading services

5 From 5.0

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Mitrade offers commission-free trading across 5 asset classes, including Forex and ETFs, with leverage options of up to 1:200.

The broker has won multiple awards, including Forex Customer Satisfaction & Happiness Asia 2024 and the Best Forex Trading App Australia 2023.

Mitrade; Company Background and Regulatory Status

Mitrade is a global online trading platform founded in Melbourne, Australia, in 2011, with over 3 million users worldwide.

The company was founded by Chenxi Wang, according to CrunchBase. It operates through multiple entities regulated by various authorities in different jurisdictions, including:

Mitrade International Ltd: Regulated by the Mauritius Financial Services Commission (FSC) with license No. GB20025791
Mitrade Global Pty Ltd: Regulated by the Australian Securities & Investments Commission (ASIC) with License No. 398528
Mitrade EU Ltd: Regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF License No. 438/23
Mitrade Holding: Regulated by the Cayman Islands Monetary Authority (CIMA) with SIB License No. 1612446

All entities maintain segregated accounts and offer negative balance protection. However, investor compensation schemes vary across jurisdictions.

Mitrade Broker Specifications

The Forex broker offers a comprehensive trading experience with a range of features designed to cater to traders of all levels.

Broker	Mitrade
Account Types	Live, Demo
Regulating Authorities	CIMA, CySEC, ASIC, FSC
Based Currencies	USD, AUD
Minimum Deposit	USD 20
Deposit Methods	Visa, MasterCard, PayID, Skrill, Neteller, Bank Transfer
Withdrawal Methods	Visa, MasterCard, PayID, Skrill, Neteller, Bank Transfer
Minimum Order	0.01 lots
Maximum Leverage	1:200
Investment Options	None
Trading Platforms & Apps	Proprietary platform
Markets	Forex, Indices, Shares, Commodities, ETFs
Spread	Floating
Commission	$0
Orders Execution	Market
Margin Call / Stop Out	100% / 50%
Trading Features	Demo account, Mobile Trading, Trading Central Access
Affiliate Program	Yes
Bonus & Promotions	Referral, Welcome Bonus, Reward Campaign
Islamic Account	No
PAMM Account	No
Customer Support Ways	Email, Ticket, Live Chat
Customer Support Hours	24/5

Account Offerings

Mitrade keeps its account structure simple, focusing on providing a seamless trading experience for all users. The platform offers two main account types: Live and Demo.

Demo Account

A USD 50,000 or AUD 50,000 balance of virtual money
Auto replenishments on accounts below USD 200 or AUD 200
Valid for 90 days

Live Account

A minimum deposit requirement of $20
A 50% stop out level
No commissions
Variable leverage options based on your region and the instrument
USD and AUD as base currencies

A professional account exists for experienced traders but is not promoted actively to general retail clients.

Retail clients under CySEC and ASIC entities receive conservative leverage due to local regulation. High leverage is accessible under offshore entities.

Islamic Account in Mitrade

Mitrade does not offer Islamic accounts for swap-free trading, regardless of entity or jurisdiction. This may be a limitation for Muslim traders adhering to Sharia law.

Mitrade Advantages and Disadvantages

The company was named the Most Transparent Forex Broker Globally in 2022, the Best Mobile Trading Platform in 2021, and the Most Innovative Brokerage Firm in 2020.

Mitrade Pros and Cons — Mitrade broker was titled the Most Sustainable FX Platform (Global) 2024 by World Finance

However, like any other platform, Mitrade has some downsides, too.

Pros	Cons
User-friendly proprietary platform	Geo-restrictions
Wide range of trading instruments	No MetaTrader 4/5 support
Competitive spreads and no commissions	No cryptocurrency offerings
Regulated by multiple tier-1 authorities	No social/copy trading services

Account Opening and KYC

Registering with Mitrade grants access to a secure multi-asset trading platform. The process takes less than 10 minutes and includes submitting identity, financial background, and tax-related details.

To open a live account on Mitrade, you must first sign up for a demo by providing your email address or phone number.

#1 Begin on the official website

Visit the MITrade homepage and click "Trade Now" to launch registration.

#2 Select country & accept terms

Choose your country of residence. Review and accept MITrade’s terms and conditions.

Mitrade Registration — You must be above 18 and a non-US citizen to open a Mitrade account

Provide your email address or mobile number to receive the verification code.

#4 Create a secure password

Set a password (8–20 characters) including symbols, numbers, uppercase, and lowercase letters.

#5 Verify email

Open your email inbox, click "Verify Now", and continue to the next stage.

#6 Complete personal profile & tax details

Log in to the client dashboard, click “Switch to Live Account”, and fill out the application form with the following information:

Full name
Date of birth
Gender
Job title
Industry
Source of income
Annual income
Education level

Complete a questionnaire to confirm your trading experience and provide your tax identification number if applicable.

#7 Mitrade KYC verification

Upload supporting documents to complete the KYC procedure.

Proof of Identity: Passport or Driver’s license
Proof of Address: Utility bill or Bank statement

Mitrade Apps and Platforms

The lack of support for advanced trading solutions, such as MetaTrader, is one of the most significant downsides in this Mitrade review.

The broker only offers a proprietary trading platform powered by TradingView available across various devices, including:

Mitrade trading platforms' key features:

Web Platform: Intuitive layout with over 150 indicators, 74 drawing tools, and multiple chart types, Ideal for price action traders and technical analysis
Mobile App: Functional for on-the-go trading with integrated research, alerts, and real-time data

Fees and Commissions

The company operates on a simple fee structure, with most costs built into the spread. Key features of Mitrade fee structure:

No commissions
Competitive floating spreads, variable based on the instrument
No deposit, withdrawal, or inactivity fees
Swap charges for overnight positions
Gold trades with 35–37 pip spreads
Bitcoin trading with a spread of $60

The table below gathers the spread charges for the most popular trading instruments across the Forex market.

Currency Pair	Floating Spread
EURUSD	0.00006
AUDUSD	0.00004
USDJPY	0.014
AUDJPY	0.020
GBPUSD	0.00008
USDCAD	0.00010
USDCHF	0.00014

Mitrade Broker Payment Options

The company offers a variety of payment methods to cater to its global client base, from bank transfers to e-wallets.

However, the lack of support for Crypto transactions can be a letdown for potential clients.

Credit/Debit Cards: Visa and Mastercard
Bank Wire Transfer
E-wallets: Skrill and Neteller

Withdrawal requests are usually processed within 24 hours.

Traders should note that while Mitrade doesn't charge for transactions, third-party fees may apply depending on the chosen payment method.

Does Mitrade Offer Copy Trading and Investment Plans?

As of the latest update, the broker does not offer copy trading or social trading features on its platform.

This may be a drawback for traders who prefer to follow successful strategies or share their own.

Mitrade Broker Trading Assets

The company offers a diverse range of 400+ trading instruments across five asset classes, from the Forex market to ETFs and Stocks.

Mitrade Markets — A look at the most popular trading instruments on the Mitrade platform

Forex: Over 60 Major, minor, and exotic currency pairs
Indices: Over 15 Global stock indices, including S&P 500, NASDAQ, and FTSE 100
Shares: CFDs on popular company stocks with leverage options of up to 1:10
Commodities: Precious metals (Gold, Silver, Palladium, Copper, Platinum, and Aluminium), energy products (WTI, Natural Gas, and BRENT), and agricultural commodities (Sugar and Coffee)
ETFs: Exchange traded funds with leverage options of up to 1:10

This range supports diversified trading strategies, from swing and day trading to sector-specific speculation.

Mitrade Promotional Programs

Attractive bonuses like welcome gifts and the reward campaign are among the advantages of this Mitrade review.

Affiliate: Refer new clients and earn commissions;
Welcome Gift: Receive up to $2,000 bonus for deposits above $10,000;
Reward Campaign: Make at least $200 deposits within 7 days of your registration and earn trading points (TP) to receive the bonus.

How to Reach Mitrade Broker Customer Support?

The company offers multilingual 24/5 support through live chat and email. It also has a ticket system and a comprehensive Help Center.

Email	cs@mitrade.com
Live Chat	Available on the official website
Ticket	Through the “Contact Us” page

There is no phone or dedicated account manager support. The support team is helpful but may not always provide in-depth technical answers.

Mitrade in Review Websites

The broker has garnered numerous positive reviews on TrustPilot platform. 607 users have rated Mitrade on the platform, resulting in an excellent score of 4.7 out of 5. 93% of ratings are positive (4-star and 5-star).

Mitrade TrustPilot — less than 4% of comments on Mitrade’s TrustPilot profile are negative (1-star and 2-star)

Geo-Restrictions

The broker services EU clients through the CySEC-regulated entity Mitrade EU Ltd. However, due to regulatory requirements, it has restricted certain jurisdictions, including:

United States
Canada
Japan
New Zealand
Iran
North Korea
Yemen
Afghanistan

Mitrade Restricted Countries — A list of prohibited countries on Mitrade platform

Mitrade Broker Educational Materials

The company offers a comprehensive range of educational resources to support traders in their journey.

Learn Section: Basics, Insights, and Academy
Market Data: Analysis, forecast, news, sentiment, and risk management strategies

Mitrade vs Top Forex Brokers

Let's see Mitrade's standing in the trading world compared to other industry players.

Parameter	Mitrade Broker	Exness Broker	FxGlory Broker	XM Broker
Regulation	CIMA, CySEC, ASIC, FSC	FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA	None	ASIC, FSC, DFSA, CySEC
Minimum Spread	From 0.4 pips	From 0.0 pips	0.1 Pips	From 0.6 Pips
Commission	$0	From $0.2	None	From Zero
Minimum Deposit	$20	$10	$10	$5
Maximum Leverage	1:200	Unlimited	1:3000	1:1000
Trading Platforms	Proprietary platform	Exness Trade (mobile), Exness Terminal (web), MT4, MT5	MT4, MT5	MT4, MT5, Mobile App
Account Types	Live, Demo	Standard, Standard Cent, pro, Raw Spread, Zero	Standard, Premium, VIP, CIP	Micro, Standard, Ultra Low, Shares
Islamic Account	No	Yes	Yes	Yes
Number of Tradable Assets	400+	200+	50+	1,400+
Trade Execution	Market	Market, Instant	Market, Instant	Market, Instant

Conclusion and Final Words

Mitrade has partnered with companies such as TradingView and Trading Central, to provide competitive trading conditions like EURUSD spreads of 0.00006 and free market signals.

The broker supports Neteller and Skrill payments with no transaction fees. It has a TrustPilot score of 4.7 out of 5.

FAQs

Is Mitrade a regulated broker?: CIMA, CySEC, ASIC, and FSC oversee the broker’s operation.
What is the minimum deposit?: You can open a live account with a minimum budget of $20.
What markets can I trade?: The broker provides access to 5 asset classes, including Forex, indices, Shares, Commodities, and ETFs.
What types of accounts does Mitrade offer?: Mitrade offers two main account types: Demo Account with $50,000 in virtual funds valid for 90 days, and a Live Account with a minimum deposit of just $20. While a professional account exists, it is not publicly promoted and requires eligibility.
What leverage does Mitrade provide to traders?: Mitrade offers up to 1:200 leverage, though the actual level depends on your jurisdiction. For example, EU and AU clients may face tighter restrictions due to regional regulations, while offshore users can access higher leverage.
Does Mitrade charge commissions or transaction fees?: No, Mitrade is a zero-commission broker. All trading costs are embedded within the floating spreads, which are competitive—for example, EUR/USD spread starts at 0.00006. There are also no deposit, withdrawal, or inactivity fees.
What trading platforms does Mitrade offer?: Mitrade provides a proprietary platform powered by TradingView. It is available as a web terminal, desktop, and mobile app (Android/iOS). The platform offers 150+ indicators, 74 drawing tools, and real-time alerts. MT4 and MT5 are not supported.
Does Mitrade support copy trading or investment plans?: No, Mitrade does not offer copy trading, PAMM/MAM services, or automated strategy investment plans. This might be a limitation for users who prefer social trading features.
Is Mitrade suitable for Muslim traders seeking an Islamic account?: No, Islamic (swap-free) accounts are not available on Mitrade across any of its entities. Traders following Sharia principles may need to explore alternative brokers.
What is the spread on major currency pairs at Mitrade?: Mitrade offers floating spreads. Example spreads include EUR/USD: 0.00006, GBP/USD: 0.00008, and USD/JPY: 0.014. These are competitive considering the broker's zero-commission structure.
Which countries are restricted from accessing Mitrade?: Mitrade does not accept users from jurisdictions like the United States, Canada, Japan, New Zealand, Iran, North Korea, Yemen, and Afghanistan due to regulatory restrictions.
What payment options does Mitrade support?: Mitrade accepts Visa, MasterCard, PayID, Skrill, Neteller, and bank wire transfers for both deposits and withdrawals. Crypto payments are not supported. Withdrawals are typically processed within 24 hours.
How do I verify my identity on Mitrade?: After registering, users must upload Proof of Identity (passport or driver’s license) and Proof of Address (utility bill or bank statement). The KYC process also includes a trading experience questionnaire and tax ID collection.
What bonuses and referral promotions are available on Mitrade?: Mitrade offers several promos: a Welcome Bonus (up to $2,000 for deposits over $10,000), a Referral Program, and a Reward Campaign that gives points for $200+ deposits within 7 days of registration.
How does Mitrade handle margin calls and stop-outs?: Mitrade enforces a margin call at 100% and a stop-out level at 50%. This means positions may be automatically closed once account equity falls below half the required margin.
Is Mitrade a good choice for beginner traders?: Yes, Mitrade is beginner-friendly with its $20 minimum deposit, commission-free trading, user-friendly proprietary platform, and rich educational resources, including a Learn section and market insights.
What awards has Mitrade received in recent years?: Mitrade has won several awards including: Best Forex Trading App Australia (2023), Customer Satisfaction Asia (2024), Most Transparent Broker (2022), and Most Sustainable FX Platform (2024) by World Finance.