What is Mitrade?
Mitrade is an award-winning broker focused on online foreign exchange and Contract for Difference (CFD) trading services. With our CFD products, you can do leveraged trading in global financial markets. Our mobile app and web-based trading platforms offer customers a superior experience, with competitive transaction costs, fast transaction execution and excellent customer service. With Mitrade, you can freely choose assets amongst forex, indices, commodities and cryptocurrencies etc. and grasp trading opportunities under price fluctuations in the market.
Mitrade is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL 398528) . All transactions and operations comply with the applicable Australian regulations. To find out more, please visit ASIC website www.asic.gov.au ( learn how to check) or click here for more information.
Advantages of Trading with Mitrade
- Includes risk management tools such as stop loss, trailing stop loss, and negative balance protection
- Fast trading execution from approximately 0.1 second
- Professional charting and analysis to help you keep a close eye on the rise and fall of the markets
- Instant updates such as real-time email, SMS and push notifications
The Mitrade team has decades of collective experience and is continuously growing. It will continue to keep abreast of the technological and industry changes to achieve a win-win situation with the investors.
Start trading with Mitrade by opening a risk-free demo account, which comes with a $50,000 virtual fund for traders to practise and formulate their best trading strategies.
Why Choose Mitrade
Simple and Intuitive Platform
Experience a platform that integrates market updates, trading analysis, trading and account management with risk management tools and more.
Competitive Trading Costs
Enjoy low-cost trading, zero commissions, low overnight fees, and competitive and transparent spreads.
Low Threshold Amount
The minimum size per trade is as low as 0.01 lots for many markets
Regulated by ASIC
Under the Australian regulations, all client funds are segregated.
Negative Balances Protection
Your account will not lose more than your initial deposit under any market circumstances–our negative balance protection ensures your account never go below zero.
Excellent Customer Support
Enjoy fast and responsive customer service from a team of dedicated professionals.
Trading Conditions with MiTrade
Available instruments: 60 currency pairs, CFDs on 11 different indices, on commodities, such as Gold, Silver, Platinum, Palladium, Brent, and WTI, and CFDs on several cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple XRP
Segregated accounts: clients’ funds are kept in a segregated trust account when required under Australian law.
Account base currency: USD or AUD as a base currency for trading accounts. When you register for an account, the system will automatically determine your account base currency according to your region and this cannot be changed.
Maximum leverage up to 1:200
Mitrade provides negative balance protection to its clients, meaning that a trader can not lose more money then he or she has deposited.
Spreads: At the time of the review, EURUSD spread floated about 0.8 pips
What spread does Mitrade charge
MiTrade charges low spreads and no commission. MiTrade charge floating spreads, with the actual spread depending on the type of product you are trading. Spreads are displayed in real time on the trading platform.
How can I create a demo account?
You can get a demo account by visiting the broker’s website, fill your email address or mobile phone number and set up a login password. A demo account is mostly identical to a live account in terms of trade interface, data and operation. Each demo account starts off with USD50,000 or AUD50,000 virtual money to allow you to familarize with the functions of the platform through demo operation without capital risk, and to understand how to invest in contracts for difference (CFDs).