Mitrade Review 2025

1. What is Mitrade?
2. Mitrade Pros and Cons
3. Regulation and Security Measures
4. Account Types and Benefits
5. Cost Structure and Fees
6. Trading Platforms and Tools
7. Trading Instruments
8. Deposit and Withdrawal Options
9. Customer Support and Responsiveness
10. Research and Education
11. Portfolio and Investment Opportunities
12. Account Opening
13. Additional Tools And Features
14. Mitrade Compared to Other Brokers
15. Full Review of Broker Mitrade

What is Mitrade?

Mitarde is a Forex and CFD trading company that offers its clients more than 400 financial products to trade including Forex, Indices, Commodities, Shares, and more.

The broker was founded in Melbourne, Australia, and is authorized and regulated by the Australian ASIC. In addition, Mitrade carries a CySEC license which further proves its stringent regulatory adherence.  Besides, Mitrade has additional CIMA (Cayman Islands) and FSC (Mauritius) licenses. The company has also supportive offices across 7 countries.

Our research revealed that Mitrade’s brokerage services are not available to residents of the United States, Canada, Japan, or New Zealand.

Mitrade Pros and Cons

For the cons, the trading conditions might vary based on the entity and its applicable regulatory standards, and there is no 24/7 customer support.

Mitrade Features

Mitrade is a well-regulated broker, with its license from ASIC, good standing in the market, a global presence, and a huge community of traders. The broker constantly improves its trading conditions, offering a good range of instruments, a comprehensive platform, and competitive fees. Below you can see the main aspects of trading with Mitrade to get the first look into the broker’s offerings:

Who is Mitrade For?

Based on Our findings and Financial Expert Opinions Mitrade is suitable for traders who need a reliable platform with favorable features. As the broker continuously enhances its offerings, traders have access to advanced features making the broker great for:

• Traders from Australia
• International traders
• Beginners
• Advanced traders
• CFD and currency trading
• NDD/STP execution
• Competitive spreads and costs
• Good learning materials
• Supportive customer support

Mitrade Summary

Mitrade has competitive trading conditions, combined with a safe trading environment and transparency. At Mitrade, you can find low trading costs and spreads with 0 commissions.

The broker provides good learning materials designed for traders of all levels, from beginners to advanced. Its proprietary trading platform is equipped with advanced trading tools and technical analysis features that are essential for traders of any size.

55Brokers Professional Insights

Mitrade provides security and transparency to its clients being one of well-regulated brokers, and is a choice for traders who prefer proprietary software to trade mainly popular Forex instruments with fees based on spreads. The broker’s modern and user-friendly proprietary trading platform enables traders at any level to conduct profitable trades, as it contains advanced tools for technical analysis and trading, which we overall rank as quite pleasunt and good to perform.

One more note, Mitrade stands out for its comprehensive educational resources, including guides, tutorials, and market insights, making a Broker great choice for beginners or those who getting started with trading.

Yet, as a bunch of sides to consider include limitation on instruments, as some traders would prefer thousands of products available. Also, those who prefer commission-based fee structures may not be satisfied, as all the fees are integrated into spreads at Mitrade. Besides, none of any other platforms like popular MetaTrader available, so if your strategy based on auto trading or EAs they are pbviously not available at Mitrade too.

Our findings further show that all instruments available on Mitrade are CFD-based, which is unfavorable for those who seek real investment and share ownership. Overall, Mitrade is recommended for traders who seek simplicity, combined with advanced tools and good educational support.

Consider Trading with Mitrade If:

Avoid Trading with Mitrade If:

Regulation and Security Measures

Score – 4.5/5

Mitrade Regulatory Overview

Mitrade is a fully regulated broker authorized by the respected Australian ASIC. The broker also acquired the highly respected CySEC license later in its operations, which tightened its regulatory oversight further. Besides, we discovered that the broker holds two additional licenses from regulatory bodies in offshore zones.

According to the information we gathered, Mitrade Global is authorized and regulated by the Australian Securities and Investments Commission and carries an Australian Financial Services Licence. Mitrade EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF. Mitrade Holding is authorized and regulated by the Cayman Islands Monetary Authority (CIMA) and holds the SIB license. And the last, Mitrade International Ltd is authorized and regulated by the Mauritius Financial Services Commission (FSC).

How Safe is Trading with Mitrade?

Our findings show that Mitrade keeps all its client funds in segregated trust accounts. The broker does not use clients’ funds for its activities. Negative balance protection is offered by Mitrade for its ASIC entity’s clients with leverage of up to 1:30.

• In addition, the Mitrade trading platform provides traders with various risk management tools essential for proper risk controrls on trading activitty such as stop loss or trailing stop, etc.

Consistency and Clarity

Being in operation for more than a decade, we found that Mitrade has constantly been developing its conditions and approving safety measures, acquiring top-tier licenses with rigorous rules and strong oversight. Mitrade has over 3,000,000 users worldwide and a presence in 7 regions. Besides, Mitrade has been awarded multiple times for providing quality services to its clients.

To see where the broker stands, it is also essential to consider reviews from real clients, which we did to discover that most of the reviews are on the positive side, emphasizing Mitrade’s good conditions and reliability. The few negative reviews we found, mostly pointed out insufficient client support. However, it is important to understand that clients’ experiences and opinions may vary, and both negative and positive feedback should be taken into consideration. Overall, through the years Mitrade has been consistent in its services and provided transparency and clarity, rooting itself as a trustworthy broker with favorable conditions.

Account Types and Benefits

Score – 4.4/5

Which Account Types Are Available with Mitrade?

Mitrade offers two main account types: the Personal Standard Account and the Professional Trading Account. The Personal Standard Account is perfect for beginner traders, with a user-friendly experience with competitive spreads and access to a good selection of instruments. The Professional Trading Account is for experienced traders with access to advanced features and higher leverage. Both accounts offer multiple currencies: USD, AUD, EUR, GBP, and others for wide diversification, according to the traders’ preferences.

• Mitrade also provides a Demo Account that resembles the broker’s live account, providing similar trade interface, data, and conditions. Traders get $50,000 in virtual funds for the demo account, to practice without taking any financial risk. This allows beginners to learn how to navigate the market, make investments, and try new strategies. The Demo Account is an important tool for beginners who want to gain knowledge and skills before moving into real trading.

Regions Where Mitrade is Restricted

Overall, Mitrade is a global broker, ensuring availability worldwide. However, the broker does not accept clients from a few regions due to regulatory restrictions. Here are the main countries that the broker does not offer its services to:

• The United States
• Canada
• Japan
• New Zealand

Cost Structure and Fees

Score – 4.5/5

Mitrade Brokerage Fees

We found Mitrade’s trading fees competitive with its spread-based accounts, with no additional commission. For some instruments, the spreads are slightly higher than the market average, but overall, the cost structure of the broker is transparent and simple. The price does not include excessive additional fees, therefore it is quite clear for traders.

• Mirtrade Spreads

Our research on the broker’s costs showed that Mitrade offers only spread-based accounts, all costs integrated into spreads, with no commission. While some traders prefer a spread-based structure, with no extra fees and complications, others still prefer fixed commissions with raw spreads, which Mitrade does not provide. The average spread for EUR/USD is $0.6, which is considered lower than the market average. The spread for Gold is on the lower side too with an average $0.31 offering.

How Competitive Are Mitrade Fees?

Mostly, we found that Mitrade’s costs are rather competitive, with only spread-based accounts where all the trading costs are included in the spread, and no additional commissions are charged. The structure will certainly appeal to those traders who appreciate simplicity and transparency without extra fees or complications. On the other hand, this might limit the options for traders who want raw spreads with fixed commission options.

All in all, Mitrade fees are transparent, with no hidden fees, depending on the instrument traded, and the entity chosen. It is essential to consider the difference in the offering based on the jurisdiction.

Mitrade Additional Fees

Our studies revealed that Mitrade charges some of the common fees that most brokers charge in addition to the main costs like spreads and commissions. On the good side, Mitrade does not charge inactivity fees for its dormant account. Still, clients should be mindful of the swap fee that will be applied for the positions held overnight. The exact amount clients can find out on the broker’s platform. The broker also charges a currency conversion fee, when trading is in a currency different from the account base currency.

Trading Platforms and Tools

Score – 4.2/5

Mitrade offers its clients its own proprietary platform, packed with advanced features and tools. The platform is available via desktop platform, web browser, and mobile, offering more flexibility and diversity.

Mitrade Web Platform

With Mitrade WebTrader clients can access the platform right from the browser, with no need for downloads. Clients gain access to advanced technical indicators, like MACD, KDJ, and RSI. The web platform gives access to the most essential tools and features, enabling traders to conduct their trades with the same efficiency. Web platform is especially suitable for those, who cannot download the platform on their devices, or just need quick access to their account.

Mitrade Desktop MetaTrader 4 and 5 Platforms

Mitrade does not support MT4 or MT5 because its main focus is its own platform. Traders who are used to these platforms might find their absence a downside. Yet, Mitrade provides an efficient and easy-to-use alternative that meets the needs of both beginners and professional traders.

Mitrade Trading Platform

Mitrade Proprietary platform is equipped with advanced tools and innovative features to support its clients in a positive trading experience. Clients get to add their preferred markets to a customized watchlist in order to follow their market trends easily. Besides, users get notifications of price fluctuations, and other important updates that might impact the trading outcome. It also enables in-depth analysis with a split chart view of the same market on different timeframes. What we found helpful is that traders can easily reach contract specifications, trading sentiment, and detailed trading analysis on one screen, which makes Mitrade’s platform comprehensive and efficient for traders of all levels.

Main Insights from Testing

Our experience with Mitrade left us satisfied with the advanced tools and features, and the easy-to-use interface. Although it might not be a substitute for the popular MT4 and MT5 platforms for some traders, the platform is still rich in innovative features, providing intuitive market tracking, real-time trading alerts, and in-depth analysis tools, making it a proper choice for traders seeking simplicity yet functionality.

Mitrade MobileTrader App

With the Mitrade mobile App, traders reach the market just from the palm of their hands and access hundreds of popular instruments. The app includes market trends, trading analysis, the latest economic news, technical analysis, and a good number of drawing tools, to ensure a positive experience for clients. The app is available directly from Android or iOS devices. To conclude, we find the platform fully optimized for mobile use, allowing a smooth and efficient trading experience on the go.

Trading Instruments

Score – 4.4/5

What Can You Trade on the Mitrade Platform?

Mitrade offers about 400 trading products, hence offering a good ground for diversification and exploration of new trading products. Yet, most of the available instruments are accessible only through CFDs, which considerably limits the investment opportunities for traders. The full range of assets Mitrade offers is listed below:

• Forex
• Commodities
• Indices
• Shares
• ETFs

Main Insights from Exploring Mitrade Tradable Assets

By exploring Mitrade’s available instruments, we found that the broker offers just about 400 tradable products. When compared to the market overall offering from other good-standing brokers, we can see that this is a rather moderate amount. Yet, the offering is still sufficient, also supported by fast execution, flexible leverage, and great tools that the Mitrade platform provides.

However, it is good for traders to know that real investments are not available via Mitrade, which can be restrictive for clients looking for more opportunities. Besides, following different jurisdictions, there might be differences in the instruments’ availability based on the entity the account is opened. So, this should be considered carefully before signing in with the broker.

Leverage Options at Mitrade

Trading with leverage allows traders to increase their trading size and potentially increase profits. However, we suggest taking the time to fully understand how to use leverage properly, as it can also work against you.

Mitrade leverage is offered according to the ASIC, CySEC, FSC, and CIMA regulations:

• The Australian clients that hold ASIC-regulated Fusion Markets accounts are entitled to up to 1:30.
• 1:30 for major currencies, 1:20 for minor ones, and 1:10 for commodities for CySEC traders.
• For FSC (Mauritius) clients the maximum leverage is 1:30.
• CIMA (Cayman Islands) clients can use up to 1:200 for major currencies.

Deposit and Withdrawal Options

Score – 4.4/5

Deposit Options at Mitrade

While trading with Mitrade you will have a chance to fund your account with a wide range of funding methods including Bank Wire, Credit/Debit cards, Skrill, etc. Also, note that some funding methods might vary based on entities.

Minimum Deposit

We found that the minimum deposit requirement varies based on the entity by which the account is overseen. Generally, the broker mentions no minimum deposit policy, however, this might not be true for certain entities. Thus we recommend traders to check with the broker or contact the customer support team because this is something Mitrade does not mention clearly on its website, making the offering not so transparent.

Withdrawal Options at Mitrade

Mitrade processes withdrawals through Bank Wire, Credit/Debit Cards, and other methods. It was found that withdrawal requests can take from 3 to 5 business days to process through Bank Cards and 3 business days through Bank Accounts. All in all, the processing time is not something Mitrade is responsible for as it depends mainly on the individual banks.

Customer Support and Responsiveness

Score – 4.3/5

Testing Mitrade Customer Support

Mitrade offers customer support via Live Chat, Phone lines, and Email 24/5 during the trading week. We found that the support is quite good, with quick answers. However, live chat does not provide profound and detailed answers, sometimes leaving clients unsatisfied and with half-answers. 

• The broker also offers an FAQ section and a Help Center to assist clients with answers to common questions and direct them in trading with the broker.

Contacts Mitrade

We found Mitrade customer support helpful but not highly satisfying. Still, the broker provides various communication methods, including live chat and phone lines.

• Mitrade has a special section where traders can leave their inquiries. Clients need to fill out a form with their name, email, phone number, preferred language, and questions. The support team will promptly send them an answer.
• Mitrade also offers its clients to file complaints to cs@mitrade.com in case they are not satisfied with the provided services.

Research and Education

Score – 4.5/5

Research Tools Mitrade

According to our findings, the Mitrade research section is at a good level, providing important analyzing features integrated into the platform, and independently, right from its website. Here are the research tools that accommodate in favorable trading experience:

• The Popular Analysis section focuses on insights and updates on the market. It provides live analysis of market trends, providing valuable information on popular instruments such as Forex, Commodities, Stocks, and Indices. With this feature, traders will be able to get insights that are up-to-date and informative.
• An economic calendar is a crucial tool in trading that tracks economic events that can affect the markets. This would involve key macroeconomic indicators showing unemployment rates, inflation, etc. This information enables traders to plan their trades ahead and make informed decisions.
• Mitrade’s Forecast is a great tool that allows traders to gain forward-looking insights into market trends and price movements.

Education

In regard to its education, we find Mitrade’s resources quite helpful, with the Trading Academy it provides. Traders gain access to free online trading courses for everyone, blog articles, news sections, and Help and FAQ sections, directed at traders of different levels looking for support and professional guidance.

• Mitrade has special Trading Tips Courses that focus on both basic and advanced trading techniques, current market sentiment, and risk management strategies. Traders of all levels of experience will be taken into a step-by-step process in creating their own trading plans, risk avoidance techniques, and much more.
• Courses on technical and fundamental analysis help traders acquire essential analytical skills that will come in handy in navigating the markets with ease and expertly.

Is Mitrade a Good Broker for Beginners?

Based on our research and the conclusion we have about the broker’s educational and research offerings, and overall conditions and features, we summarize that the broker is good for novice traders who need guidance and extensive resources to start a trading journey. In addition, the Demo account Mitrade offers that mirrors the live account gives traders a perfect opportunity to acquaint themselves to the market before switching to the live account.

Portfolio and Investment Opportunities

Score – 3.8 /5

Investment Options Mitrade 

While conducting our research on the broker, we discovered that Mitrade does not offer many investment opportunities in the traditional sense of the word. The broker offers trading on instruments based on CFDs mostly, which in itself limits those traders who are looking for real investments in stocks and shares, by owning real assets.

• Another point that prevents the diversification of the portfolio is that Mitrade does not provide MAM or PAMM accounts, meaning it is not intended for fund managers or clients looking for managed account services.

Account Opening

Score – 4.4/5

How to Open a Mitrade Demo Account?

Mitrdae offers to open a Demo account first with $50,000 in initial virtual funds to practice trading in a safe and risk-free environment. Opening a Demo account is an easy and quick process, including the following steps:

• Choose the Demo account option
• Insert the required data, including name, residency, and other details
• Select account details, like leverage, base currency, etc.
• Get verified
• Start trading

How to Open a Mitrade Live Account?

In fact, creating a live account is quite easy, since clients are required to create a Demo account first. If traders already have a Demo account, they just need to go to their account and choose ‘Switch to Live Account’. Afterward complete the Live account opening application by:

• Entering the required personal data (Name, email, phone number, etc.)
• Verifying personal data by uploading documentation (residential proof, ID, etc.)
• Completing the electronic quiz confirming trading experience
• Once the account is activated and proven, clients can follow with the money deposit.

Additional Tools and Features

Score – 4/5

Most of Mitrade’s tools are integrated into its trading platforms, offering traders innovative and helpful features for a positive experience in trading. This is the reason, why there are very few additional tools the broker offers on its website. After carefully reviewing the extra offerings of Mitrade, we came up with the following:

• We found that Mitrade’s Market Sentiment feature is a valuable tool providing insights into the market mood, and assists traders to understand whether the sentiment for a particular asset is mostly bullish or bearish. This gives traders an opportunity to predict which way the market is leaning and determine the upcoming trends.
• Mitrade also provides Risk management tools – Take Profit and Stop Loss features that will enable traders to limit potential losses. The tool helps traders manage risks, even in changing market conditions.

Mitrade Compared to Other Brokers

Comparing Mitrade to other brokers we see that it stands out for its robust regulatory compliance as it holds a license from the Australian Securities and Investments Commission. While many brokers we reviewed do have similar regulatory oversight, such as Forex.com or FxPro, Mitrade combines its strong regulatory status with favorable conditions, offering low fees and spreads with zero commission. However, Mitrade doesn’t offer raw spreads or fixed-commission accounts, like IC Markets and Pepperstone do for professional traders.

Besides, we found the Mitrade trading platform very user-friendly, integrated with advanced technical tools that will meet the trading expectations of traders of all levels. While many brokers, including  Eightcap and Admiral Markets, offer MT4/MT5, Mitrade compensates for the absence of the popular platforms by providing a smooth and simple interface, combined with innovative tools. Additionally, Mitrade’s education is good, and suitable for both beginner and advanced traders, with tutorials, market analysis, and real-time tools. However, traders looking for a variety of platform options or advanced integrations with third-party platforms may find other brokers a better fit.

Mitrade Review Conclusion

Mitrade is a reliable and secure broker with competitive trading conditions and transparency in its practices. The trading cost is low, the offered spread is tight, and what we find particularly favorable, it charges zero commission, which attracts clients who want minimum costs in their trading. Besides, it has its own trading platform with advanced tools and technical analysis features suitable for every trader. While providing an intuitive but simple trading interface, it also integrates the essential tools and features necessary for complex strategies.

Based on our expert opinion, Mitrade seems to be very appealing for many types of traders, especially for those from Australia but also for international clients, which is proved by its over 3 million traders community from all over the world. What’s more, the broker offers quite extensive learning resources for traders of any level and sufficient customer support.

On the negative side, we found that Mitrade does not provide any opportunity for real investments, and does not offer MAM or PAAM accounts for exploring more possibilities. Besides, there are certain restrictions on additional tools and features provided. Yet, Mitrade is still a favorable choice for many traders who want security and good conditions all in one place.