Mitrade Review 2022

Mitrade Review 2022 Visit Mitrade
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Nominated in
Founded 2011
Regulation ASIC
Standard account $100
Leverage 1:200
Spread 1.3-1.5
Forex Awards Mitrade Awards
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Written by Stephane Dubois Written by Stephane Dubois
Reviewed by Sandro Pontedra Reviewed by Sandro Pontedra
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Mitrade General Information

Mitrade was born to fulfill a single vision – to simplify trading for global investors. Mitrade Global Pty Ltd is a Forex and CFD provider holding an Australian Financial Services License (AFSL:398528), which was granted in 2011 . Mitrade commenced business in Melbourne with a team of finance veterans and technology experts with a deep understanding of investors’ needs and strives to provide unrivalled trading conditions to its customers.

The founders – traders with more than 15 years of investment experience – were inspired by the inconvenient and complicated procedure associated with CFD trading. They believed that there was considerable demand for a tool to increase trading efficiency  and make it seamless, hence the birth of Mitrade. After a massive restructure of the team and resources in 2019, a proprietary trading platform was finally developed to serve global customers.

Being one of the few in the industry with a self-developed trading platform, Mitrade’s app and WebTrader were embraced by the majority. This was proven by an increase of approximately 40,000 users in just 2019. With continuous upgrades to the platform’s interface for an enhanced user experience, Mitrade has now managed to provide the following superior services:

Mitrade Trading Platform

Platform and Customer Service Multi-Language Support

24/5 online multi-language services including English, Vietnamese, Thai, Korean, Traditional Chinese and Simplified Chinese.

Competitive Trading Spreads

There are no hidden charges on Mitrade. Charges are transparent with no commission. Trader’s main cost of trading will be the spread and any potential overnight funding fees .

Mitrade provides close to 100 markets including Forex, Indices, Commodities and Cryptocurrencies.

Floating spreads trade from 0.4 pips.

Compliance As a Cornerstone

As a proponent on proper compliance, Mitrade complies with all regulations under the Australian Securities & Investments Commission (ASIC). The company’s CEO had been a compliance manager in the industry for many years, which reflects on their sense of reliability and vigilance.

Payment Support

Advantages of Trading with Mitrade

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.

CFDs are a leveraged product and can result in the loss of your entire capital.

Mitrade Trading Information 2022

Address 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius
Support e-mail cs@mitrade.com
Trading software Mitrade trading platform
Available Assets Commodities, Forex, Shares, Indices
Currencies Forex trading refers to the conversion of one currency into another. Forex is the largest and most liquid market in the world. Participants in the forex market include payment providers, dealers, hedgers, speculators, Central Banks, and retail traders. Forex trading is primarily conducted online to all participants around the world to provide opportunities for risky returns round-the-clock for 5 days a week.
Commodities Commodities such as precious metals and energy are viewed both as safe haven against inflation and as opportunities to increase investment value—an important part of a diversified investment. Global commodity products such as gold, silver and oil offers open, transparent prices, and is widely popular among investors. Commodity prices can fluctuate significantly due to factors such as supply and demand, economic and policy conditions, and currency changes, which provide opportunity for risky returns.
Stocks Shares are a type of securities issued on exchanges. To raise funds, enterprises make use of the listed exchange to allocate the company's ownership with securities. In 2019 alone, the trading volume of world shares was more than US$60 trillion. With such a large scale and high liquidity, shares are still one of the most popular financial instruments for global investors after so many years in the market. On Mitrade, traders are trading the price changes of shares with leverage. The share price is affected by various factors such as the macroeconomy, industry prospects and company performance, and it is highly volatile, providing traders numerous investment opportunities.
Indices A stock index is a statistical value representing a certain type of stock of a particular exchange, and is an indicator reflecting the overall price level and change of a certain type of stock in the market. Trading stock indices, which reflect the overall market or industry investment opportunities, can reduce the risk of investing in individual stocks. The most popular indices in the US, Europe, Asia and Australia, such as the Australia 200, NAS100, Hong Kong 50, Germany 30, etc., offer different opportunities in global stock markets.
Commissions Enjoy zero commission, competitive spreads, flexible leverage, fast and reliable order execution with the Mitrade trading platform.
Languages English
Spread Type Variable
Broker Type Broker
Minimum Lot Size 0.01
Digits After Dot 5
Mini Account 10
24/5 Trading
Demo account
Daily Analytics
Swaps
Hedging
Scalping
Minus Protection
Mobile Trading
Automated Trading
Cashback
Promotions

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