Mitrade

Quick Verdict

Overall Score	8.6 / 10
Regulation	ASIC, CySEC, CIMA, Mauritius FSC and FSCA; UAE presence under a CMA Category 5 promotion licence
Best For	Retail CFD traders who want an accessible proprietary platform, integrated analysis and commission-free pricing
Minimum Deposit	From $50, depending on region and payment method
Spreads From	0.4 pips
Maximum Leverage	Up to 1:200 under eligible entities or professional classification; lower retail limits apply in Australia and the EEA
Platforms	Mitrade WebTrader, Windows, macOS, Android and iOS
Deposit Methods	Cards, bank transfer, Skrill, Neteller, Apple Pay, Google Pay and regional payment methods
Withdrawal Speed	Usually processed within 1-3 business days, plus payment-provider transit time
Verdict	A strong multi-regulated CFD broker with an excellent proprietary platform, straightforward pricing and broad market coverage, but no MetaTrader or external automated-trading support

Mitrade is a multi-asset CFD broker built around its own web, desktop and mobile ecosystem. The business traces its operating history to 2011 and now provides access to more than 800 OTC derivatives through several licensed regional entities.

Its main attractions are a clean platform, zero trading commission on its standard CFD offering, spreads from 0.4 pips, extensive market content and low starting deposit requirements. The principal limitation is platform choice: traders cannot use MetaTrader, cTrader or conventional Expert Advisors.

Mitrade Review: Our Take

Mitrade earns its 8.6 rating by combining meaningful multi-jurisdiction regulation with one of the more approachable proprietary platforms in the retail CFD sector. Its regulatory footprint includes ASIC-regulated Mitrade Global Pty Ltd, CySEC-regulated Mitrade EU Limited and international entities licensed in the Cayman Islands, Mauritius and South Africa.

The platform is particularly well suited to newer and intermediate traders who want charts, news, analysis, account management and risk controls in one interface. There is no separate dealing commission on the standard account, and the spread-led pricing model is easier to understand than a raw-spread account with per-lot commissions.

Mitrade is less suitable for traders who depend on MT4, MT5, cTrader, API connectivity, third-party indicators or automated strategies. It is also a CFD-only environment: traders speculate on price movements without owning the underlying shares, commodities, currencies or cryptocurrencies.

Regulatory protections depend heavily on the legal entity. Australian and EEA retail clients receive strict leverage restrictions and negative balance protection, while international clients may receive higher leverage under frameworks that do not provide equivalent statutory compensation arrangements.

What Is Mitrade?

Mitrade is a fintech-led CFD brokerage established in Melbourne, with an operating history beginning in 2011. The Mitrade name is shared by multiple legal entities rather than a single worldwide company.

The broker acts as principal to OTC derivative transactions. Its products provide leveraged exposure to forex, shares, stock indices, commodities, ETFs and, where permitted, cryptocurrencies. Clients do not acquire ownership or voting, dividend or custody rights in the underlying asset.

Mitrade has expanded its range to more than 800 instruments and reports serving over six million users worldwide. Its market position is centred on simplicity: a proprietary interface, commission-free standard pricing, small trade sizes from 0.01 lots and integrated research tools.

The trading cost is primarily built into the variable bid-ask spread. Positions held through the daily settlement point may also incur overnight funding.

Is Mitrade Regulated? Safety & Licences

Regulatory Licences

Regulator	Jurisdiction	Licence Number	Verified
Australian Securities and Investments Commission (ASIC)	Australia	AFSL 398528	Yes
Cyprus Securities and Exchange Commission (CySEC)	Cyprus and EEA	CIF 438/23	Yes
Cayman Islands Monetary Authority (CIMA)	Cayman Islands	SIB 1612446	Yes
Financial Services Commission (FSC)	Mauritius	GB20025791	Yes
Financial Sector Conduct Authority (FSCA)	South Africa	FSP 54842	Yes
UAE Capital Markets Authority (CMA)	United Arab Emirates	20200000397	Yes

The CySEC register identifies Mitrade EU Limited under licence 438/23 and lists mitrade.eu as its approved domain. EEA clients are onboarded through this entity and may qualify for the Cyprus Investor Compensation Fund, subject to eligibility and the scheme’s €20,000 maximum.

Australian clients contract with Mitrade Global Pty Ltd. Retail client money must be handled under Australian client-money rules, and eligible complaints can be escalated to the Australian Financial Complaints Authority. Australia does not offer the same general investment-firm compensation scheme available to eligible clients in Cyprus.

Mitrade states that retail client deposits are held in segregated accounts and that negative balance protection is provided. These measures reduce specific operational and account-balance risks, but segregation does not guarantee immediate recovery in an insolvency.

Cayman Islands, Mauritius and South African clients are served under separate rules. These entities broaden Mitrade’s international reach and may permit higher leverage, but they do not give clients the same compensation-scheme coverage as the CySEC entity.

The UAE company holds a Category 5 licence to introduce and promote financial products. It is not equivalent to an unrestricted UAE brokerage licence: the underlying trading relationship may instead be with another Mitrade entity, principally the Mauritius-licensed company.

Mitrade Account Types

Account	Minimum Deposit	Spreads	Commission	Platforms	Islamic Available
Standard	From $50, region dependent	From 0.4 pips, variable	$0 on standard CFD trading	Web, Windows, macOS, Android, iOS	Selected regions
Pro	No fixed funding minimum; eligibility criteria apply	From 0.4 pips	$0, with eligible rebates	Web, Windows, macOS, Android, iOS	Varies
Demo	No deposit	Simulated live-market pricing	None	Web and mobile	Not applicable

The Standard account is Mitrade’s core retail product. It covers the complete platform and available instrument range without dividing clients between numerous account tiers.

Australian clients who satisfy sophisticated-investor or wholesale-client tests may apply for Mitrade Pro. Eligibility can depend on trading experience, relevant professional experience, assets or income. Pro clients gain higher leverage, priority support, rebates and additional market intelligence, but waive important retail protections, including retail leverage caps and mandatory negative balance protection.

A free demo account includes virtual funds and mirrors the platform’s central trading features. It is useful for learning the interface, although demo execution cannot fully reproduce live liquidity, slippage or the psychological impact of trading real money.

Swap-free arrangements are available in selected markets. Traders should examine the specific terms because an Islamic account may use administration charges instead of conventional overnight swaps.

Mitrade Spreads, Fees & Commissions

Mitrade’s standard pricing is spread-only: no separate dealing commission is charged on ordinary forex, index, commodity or cryptocurrency CFD trades. The spread is variable and can widen during illiquid periods, market openings, major announcements and unusually volatile conditions.

Spreads Comparison

Instrument	Mitrade Spread	Industry Average	Verdict
EUR/USD	From 0.4 pips	Around 0.8-1.2 pips on commission-free accounts	Competitive minimum
Gold	Variable live spread	Commonly 0.20-0.50 points	Check the live quote
US 500	Variable live spread	Commonly 0.4-1.0 points	Competitive when markets are liquid
Share CFDs	Spread included	Spread or exchange-based commission	Simple, but compare total execution cost

The 0.4-pip headline minimum is attractive for a commission-free account, although a minimum spread is not the same as the typical spread a client will receive throughout the day.

Open positions can incur daily overnight funding. Rates differ by instrument, direction and prevailing financing conditions and are displayed within the platform. Weekend funding can be collected through a multi-day adjustment.

Mitrade generally does not impose its own deposit or withdrawal charge. Intermediary banks, card issuers, payment providers and currency conversion can still create costs. The broker’s legal terms also allow account-specific charges, including possible inactivity-related costs in some circumstances, so the current account schedule should be checked before funding.

Mitrade Trading Platforms

Mitrade’s proprietary platform is the centre of the service. It combines order entry, account management, charting, economic news, market sentiment and analysis without requiring separate software.

Platform Comparison

Platform	Desktop	Web	Mobile	EAs/Bots	Notes
Mitrade WebTrader	No installation	Yes	Browser access	No	Fastest way to access the account
Mitrade Desktop	Windows and macOS	No	No	No	Dedicated desktop application
Mitrade Mobile	No	No	Android and iOS	No	Strong account and trade management
MetaTrader 4/5	No	No	No	No	Not supported
TradingView charts	Integrated charts	Yes	Yes	No	Charting integration, not a standalone TradingView brokerage connection

Available order and risk controls include market and pending orders, stop loss, take profit, trailing stop and timed close. Watchlists, price alerts, split charts, technical indicators and integrated news make the platform practical for discretionary trading.

The interface is less cluttered than MetaTrader and should be approachable for beginners. The tradeoff is a closed ecosystem. Users cannot install MetaTrader Expert Advisors, import a large library of community indicators or connect conventional copy-trading and algorithmic-trading services.

Mitrade Assets & Markets

Asset Coverage

Asset Class	Number of Instruments	Examples
Forex	Broad selection	EUR/USD, GBP/USD, AUD/USD, USD/JPY
Shares	Extensive international range	US, Australian, European and Asian share CFDs
Indices	Major global markets	US 500, Nasdaq 100, Australia 200, Germany 40
Commodities	Metals, energy and agricultural markets	Gold, silver, crude oil, natural gas
ETFs	Available by jurisdiction	Equity, sector and thematic ETF CFDs
Cryptocurrencies	Available in permitted regions	Bitcoin, Ethereum and other crypto CFDs
Total range	800+ CFDs	Availability depends on entity and residence

Coverage is broad enough for most multi-asset CFD traders, with shares accounting for much of the catalogue. Extended-hours trading is available for selected US share and ETF CFDs.

All products are derivatives. Mitrade is therefore not a substitute for a share-dealing account, retirement portfolio or cryptocurrency wallet. Clients cannot transfer shares or digital assets away from the platform.

Cryptocurrency CFDs and some other instruments are restricted in certain jurisdictions. UK, US, Canadian, Japanese, New Zealand and Philippine residents are among the groups excluded from the main international service, while the European website also excludes Belgium.

Mitrade Leverage

Leverage depends on residence, legal entity, asset class and client classification. The highest published figure should never be assumed to apply to every account.

Leverage Table

Trader Type	Maximum Leverage (Forex)	Maximum Leverage (Crypto)	Maximum Leverage (Indices)
Australian retail	1:30 on major pairs	1:2	1:20 on major indices
EEA retail	1:30 on major pairs	1:2	1:20 on major indices
Australian Pro	Up to 1:200	Up to 1:100	Up to 1:200
Eligible international clients	Up to 1:200	Varies	Varies

Australian Pro clients lose several protections attached to standard retail classification. Mitrade itself explains that these include the lower retail leverage caps, mandatory 50% margin close-out protection and mandatory retail negative balance protection.

International leverage is set at instrument and entity level. The applicable margin percentage is shown in the order ticket and can be changed for risk or market reasons.

Higher leverage reduces the margin required to open a trade, but it also makes an account more sensitive to small price movements. It does not improve the underlying probability of a successful trade.

Mitrade Deposits & Withdrawals

Funding methods depend on the client’s country, account currency and Mitrade entity.

Deposit Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Visa/Mastercard	Usually from $50	No Mitrade fee in most cases	Usually instant after approval
Bank transfer	Varies	No Mitrade fee; bank charges may apply	Usually 1-5 business days
Skrill/Neteller	Varies by region	No Mitrade fee in most cases	Usually instant
Apple Pay/Google Pay	Varies by region	No Mitrade fee in most cases	Usually instant
Regional online banking	Varies	Usually no Mitrade fee	Instant to 1 business day
USDT/USDC	Selected regions only	Network or provider cost may apply	Varies

Withdrawal Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Payment card	Varies	Usually no Mitrade fee	Broker processing plus approximately 3-5 banking days
Bank transfer	Varies	Usually no Mitrade fee; intermediary charges possible	Broker processing plus approximately 1-5 banking days
Skrill/Neteller	Varies	Usually no Mitrade fee	Broker processing plus provider transit time
Regional payment method	Varies	Provider charges may apply	Varies

The international client agreement allows Mitrade one to three business days to process a withdrawal, while the broker reports that 99% of its 2025 withdrawal requests were processed internally within 24 hours. These figures exclude the time taken by banks, card networks or e-wallet providers.

Withdrawals normally return to the original funding source. Clients must complete identity verification, and Mitrade may request bank statements, card evidence or proof of payment before releasing funds. Third-party deposits and withdrawals are generally prohibited.

Submitting accurate verification documents before the first withdrawal is the best way to avoid preventable delays.

Mitrade Customer Support

Channel	Available	Hours	Response Time
Live chat	Yes	24/5	Usually fastest
Email	Yes	24/5 handling	Varies
Telephone	Selected regional offices	Regional hours	Varies
WhatsApp	Selected regions	Regional hours	Varies
Help centre	Yes	24/7 self-service	Immediate

Mitrade provides multilingual support and publishes dedicated contact details for several regional entities. Live chat is the most convenient channel for ordinary platform, account and funding questions, while complaints and document-heavy cases are better handled by email.

The broker’s support footprint has improved as its international operations have expanded. However, there is no general 24/7 staffed service, which can matter to cryptocurrency traders or clients facing account issues over a weekend.

Mitrade Education & Research

Mitrade offers a stronger research package than many simplified proprietary-platform brokers. Its resources include:

• Mitrade Academy courses and introductory trading lessons
• Ebooks and structured educational articles
• An economic calendar and real-time market news
• Technical and fundamental market analysis
• Market forecasts and trading sentiment
• Integrated chart indicators and drawing tools
• Content and data relationships with providers such as Trading Central, FXStreet and Bloomberg

The combination of education and in-platform analysis is especially useful for developing traders who would otherwise need several separate websites.

Some market commentary discusses possible scenarios or trading opportunities. It should be treated as general research rather than personalized advice or a guarantee of future performance.

Mitrade Pros and Cons

Pros	Cons
Multiple licensed entities, including ASIC and CySEC regulation	No MT4, MT5 or cTrader
Proprietary platform available on web, desktop and mobile	No conventional Expert Advisors or external trading bots
Commission-free standard CFD trading	Spreads are variable and typical-spread data is limited
Forex spreads from 0.4 pips	CFD-only; clients do not own underlying assets
More than 800 instruments	Protection and leverage differ substantially by entity
Low regional minimum deposit from $50	No general 24/7 staffed support
Negative balance protection for retail accounts	Pro clients surrender important retail protections
Strong integrated education and market analysis	Swap-free and funding terms vary by country
No broker funding fees in most cases	Not available to US, UK and several other markets
Free demo account	Closed platform limits advanced customization

Is Mitrade Legit? Our Verdict

Mitrade is a legitimate, established CFD broker rather than an anonymous or unlicensed trading operation. Its Australian licence dates from 2011, its CySEC entity appears in the official regulator register, and its international operations are supported by additional Cayman Islands, Mauritius and South African licences.

There is one material regulatory event traders should know about. In June 2023, ASIC imposed an interim stop order on Mitrade Global over deficiencies in its Australian retail-client questionnaire and target-market distribution process. Mitrade subsequently addressed ASIC’s concerns, and ASIC revoked the order on 26 July 2023. The matter was a compliance failure worth noting, but it is not an active prohibition.

Our overall assessment is positive. Mitrade has credible operating history, real regulatory oversight, segregated retail client-money arrangements and a well-developed platform. Nevertheless, clients should confirm which legal entity will hold their account. A CySEC retail account and an international high-leverage account do not carry identical legal protections.

Regulation reduces counterparty and conduct risk; it does not make leveraged CFD trading low risk. Mitrade’s European disclosure reports that 80% of retail investor accounts lose money when trading CFDs with that entity.

MTR Rating Breakdown

Category	Score	Notes
Regulation & Safety	8.7 / 10	Strong ASIC and CySEC foundation, additional international licences and segregated retail funds; protections remain entity dependent
Spreads & Fees	8.6 / 10	Commission-free standard trading and spreads from 0.4 pips, with variable overnight and live-market costs
Platform Quality	8.8 / 10	Excellent proprietary web, desktop and mobile experience, but no MetaTrader or external automation
Asset Coverage	8.5 / 10	More than 800 CFDs across six major asset groups
Deposit & Withdrawal	8.4 / 10	Broad regional methods and usually no broker fee, although provider transit times vary
Customer Support	8.5 / 10	Multilingual 24/5 assistance and several contact channels
Overall	8.6 / 10	Strong all-round proprietary-platform CFD broker with manageable limitations

Mitrade is best for discretionary retail traders who value usability, integrated research and simple commission-free pricing. MetaTrader specialists, algorithmic traders and investors seeking ownership of shares or cryptocurrencies should choose a different provider.

Mitrade Alternatives

Alternative	Best For	Minimum Deposit	Regulation	Spreads From
Pepperstone	MetaTrader, cTrader, TradingView and automated strategies	$10 for most methods; no minimum for domestic bank transfer	ASIC, FCA, CySEC, BaFin, DFSA and others	0.0 pips on Razor
IG	Extensive markets, strong regulation and advanced research	No minimum account balance; card funding minimum may apply	FCA, ASIC and multiple international regulators	0.6 pips
XTB	xStation users and traders wanting CFD and cash-market access in supported regions	No minimum initial deposit	FCA, CySEC, KNF and other regional regulators	0.5 pips on Standard

Pepperstone is the clearest alternative for advanced platform choice. It supports MT4, MT5, cTrader and TradingView, with raw spreads from 0.0 pips on Razor accounts. Unlike Mitrade, raw pricing carries a commission.

IG provides a larger market catalogue, extensive research and a longer public operating history. Its platform range is more advanced, but the interface and product structure can take longer to learn.

XTB offers its own polished xStation platform and, in some jurisdictions, access to real shares and ETFs alongside CFDs. Mitrade remains the simpler option for traders who only want leveraged derivatives and an uncomplicated account structure.

Frequently Asked Questions

Is Mitrade a scam?

No. Mitrade operates through identifiable companies licensed by regulators including ASIC, CySEC, CIMA, the Mauritius FSC and South Africa’s FSCA. Clients should still verify the legal entity shown in their application because protections differ between jurisdictions.

Is Mitrade regulated?

Yes. Its principal licences include ASIC AFSL 398528, CySEC CIF 438/23, CIMA SIB 1612446, Mauritius FSC GB20025791 and FSCA FSP 54842.

What is Mitrade’s minimum deposit?

The minimum starts from approximately $50 in several regions. The actual amount depends on the client’s country, account currency, entity and payment method.

What are Mitrade’s spreads?

Mitrade publishes spreads from 0.4 pips. Spreads are variable and can widen with volatility or reduced liquidity.

Does Mitrade charge commission?

Standard forex, commodity, index and cryptocurrency CFD trading is generally commission-free. The trading cost is incorporated into the spread, with overnight financing applying where relevant.

Does Mitrade support MT4 or MT5?

No. Mitrade uses its own web, desktop and mobile platforms. It does not support MetaTrader Expert Advisors.

Can US clients use Mitrade?

No. Mitrade’s services are not intended for residents of the United States. Other restricted markets include Canada, Japan, New Zealand, the United Kingdom and the Philippines.

How long do Mitrade withdrawals take?

The international client agreement provides for broker processing within one to three business days. Banks, card issuers and payment providers may require additional time.

What is the maximum leverage at Mitrade?

Eligible accounts can receive up to 1:200. Australian and EEA retail clients are limited to 1:30 on major forex pairs, 1:20 on major indices and 1:2 on cryptocurrency CFDs.

Is Mitrade suitable for beginners?

Yes, provided the trader understands CFD risk. The platform is accessible, the account structure is simple, and Mitrade provides a demo account and substantial educational material. Beginners should avoid treating high leverage as a benefit in isolation.

Does Mitrade offer an Islamic account?

Swap-free terms are available in selected regions. Availability, administration charges and holding-period rules should be checked with the relevant Mitrade entity.

Is Mitrade suitable for prop traders or automated strategies?

It is not the strongest choice. Mitrade does not support conventional EAs, third-party trading bots or the MetaTrader infrastructure commonly used by prop traders.

Review Methodology

This review was prepared by MyTradingReviews using publicly available information from Mitrade’s official website, account and pricing pages, legal and regulatory disclosures, platform and funding documentation, official regulator sources, enforcement records, and other credible public sources. Regulation and current trading conditions were reviewed on September 16, 2026 against Mitrade’s public disclosures and available official regulator records.