Brokers / Mitrade
Mitrade Review 2026: Costs, Safety, Platforms and Who It Suits
The 60-Second Decision
Mitrade is best suited to beginners and mobile-first CFD traders who want a proprietary platform, one Standard account and spread-only pricing. WebTrader and the iOS and Android apps support manual trading and position management.
The main trade-off is that the offering is centered on Mitrade’s own platforms, with no API trading, copy trading or social trading. The legal entity serving you also matters: retail leverage and protections differ by jurisdiction.
Before funding, identify the entity holding your account and factor in overnight financing, currency conversion and the $10 monthly inactivity fee, which can apply after more than six months without trading activity or open positions.
Decision Snapshot
| Question | Answer |
|---|---|
| Best suited to | Beginners and mobile-first traders using CFDs and a straightforward proprietary platform. |
| Less suitable for | Traders who require API trading, copy or social trading, or a native desktop platform. |
| Main advantage | One Standard account with floating, spread-only pricing and no dealing commission. |
| Main limitation | Platform choice and automation are limited, while leverage and client protections depend on the contracting entity. |
| Minimum deposit | Initial funding is listed as $20–$50 depending on payment method; there is no universal minimum account deposit. |
| Main platforms | Mitrade WebTrader in a browser, plus iOS and Android apps. |
| Biggest fee to watch | Overnight funding for positions held past settlement; the rate is product-specific. |
What We Liked
-
Spread-only pricing with no dealing commission on the Standard account.
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Demo account, educational resources and a proprietary browser and mobile platform.
-
Client funds are described as segregated, and negative balance protection is listed.
What We Didn't
-
A $10 monthly inactivity fee can apply after more than six months without trading activity or open positions.
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API trading, VPS hosting, copy trading and social trading are unavailable.
-
Retail leverage and protections depend on the legal entity and jurisdiction.
Key Specifications
|
Deposit: |
20 |
|---|---|
|
Spread: |
Floating |
|
Maximum Leverage: |
200 |
|
Regulation: |
ASIC CySEC CIMA FSC FSCA |
|
Broker Type: |
Market Maker |
|
Best For: |
Beginners and mobile-first CFD traders who want a simple proprietary app, straightforward account setup, and easy position management. |
|
Platforms: |
Mitrade WebTrader iOS Android Proprietary |
|
Instruments: |
Forex Indices Commodities Stocks ETFs Cryptocurrencies |
|
Deposit Methods: |
Apple Pay Google Pay Mastercard Skrill Visa Wire Transfer |
|
Withdrawal Methods: |
Apple Pay Google Pay Mastercard Skrill Visa Wire Transfer |
|
Offices: |
Australia Cayman Islands Cyprus Mauritius |
In This Article...
01
Broker Profile
| Dimension | Profile |
|---|---|
| Main business model | Market maker. |
| Product focus | Leveraged CFDs across forex, indices, commodities, stocks, ETFs and cryptocurrencies. |
| Pricing model | Spread-only; Mitrade says the main trading cost is the spread, with no extra dealing commission. Overnight funding can apply. |
| Automation support | No API trading, VPS hosting, copy trading or social trading. The listed platforms do not provide a native user-programmable automation engine. |
| Typical customer | Beginners and mobile-first CFD traders seeking a simple proprietary platform and manual position management. |
| Regulation structure | Multi-entity, with regulators listed in Australia, Cyprus, the Cayman Islands, Mauritius, South Africa and the United Arab Emirates. |
| Trading complexity | Medium: one Standard account keeps the account structure simple, but products are leveraged derivatives with entity-specific leverage and overnight funding. |
What materially distinguishes it?
- Single Standard account
- A single account type keeps the basic choice straightforward, with floating spreads and no dealing commission rather than separate commission-based account tiers.
- Spread-only pricing
- The spread is the main stated trading cost, but overnight funding and currency conversion can add to it.
- Entity-dependent protections and leverage
- The contracting entity can change retail leverage limits, protections and compensation eligibility, so confirming the entity is an important part of account selection.
02
What We Tested — and What We Didn't
Tested directly
- We completed identity verification; the process was simple.
- After about 24 hours of using the service, our PayID deposit arrived instantly.
- WebTrader was easy to navigate and useful when assessing a trade.
- The mobile app was straightforward to use.
- During our first day trading CFDs, order placement felt responsive.
- We contacted live chat about a chart-indicator problem, which was fixed almost immediately.
Verified from primary sources
We checked the ASIC, CySEC, Mauritius FSC and FSCA registration entries linked in the legal-entity table. The other account, fee, leverage and product details in this review were not direct test results.
Not independently verified
Our brief use does not establish typical execution speed or quantify slippage. Slippage can occur, and we did not independently measure its frequency or size.
03
What Does It Actually Cost?
Account Pricing
| Account | Minimum Spread | Commission | Minimum Deposit |
|---|---|---|---|
| Standard | Instrument-specific | No dealing commission. | No universal minimum account deposit published |
Mitrade uses floating spreads rather than fixed spreads. The Standard account is spread-only, with no extra dealing commission. The minimum spread is instrument-specific; an average quote is a different measure from a minimum. Mitrade lists an average EUR/USD spread of 0.5 pips and GBP/USD of 0.7 pips, alongside 0.465 points for gold and 0.6 points for the S&P 500 CFD.
Initial funding ranges from $20 to $50 by payment method; there is no universal minimum account deposit. The account base currency is USD or AUD. Pricing, leverage and product availability vary by entity.
What the Headline Number Doesn't Tell You
Floating spreads and zero commission: No dealing commission does not mean trading is cost-free. The spread is the main stated trading cost, while positions held past settlement can incur product-specific overnight funding. Conversion costs may also apply when currencies differ.
Non-Trading Costs
| Fee | Amount | Conditions |
|---|---|---|
| Deposit | - | - |
| Withdrawal | - | - |
| Inactivity | Mitrade charges a USD 10 monthly dormancy fee after more than six months with no trading activity or open positions. | Applies after more than six months with no trading activity/open positions until activity resumes or the balance reaches zero. |
| Currency conversion | A currency-conversion cost or markup can apply when the deposit, withdrawal, instrument, profit/loss, or settlement currency differs from the account base currency. The exact rate usually depends on entity, product and conversion route. | Applies when a deposit, withdrawal, instrument, P/L or settlement currency differs from the account base currency; rate varies by entity, product and conversion route. |
Cost most worth watching
For positions held beyond the trading day, check the product-specific overnight funding rate in the platform. Less frequent traders should also account for the USD 10 monthly dormancy fee if they go more than six months without trading activity or open positions.
04
Is Mitrade Regulated and Safe?
Mitrade operates through several regulated entities, and the contracting entity determines which rules and protections apply. The registrations below connect the jurisdictions with the named entities and licence numbers. Protections and compensation eligibility are not uniform across them.
Legal Entity Map
| Regulator | License Number | Jurisdiction | Main Protections |
|---|---|---|---|
| ASIC | 398528 | Australia | Australian retail CFD rules apply where the client is retail, including leverage limits, margin close-out and negative-balance protections; professional-client treatment differs. |
| CySEC | 438/23 | EEA / Cyprus | Cyprus/EEA MiFID framework applies. Retail leverage/product rules and investor-protection/complaint arrangements differ from offshore entities; compensation eligibility depends on the entity and client. |
| FSC (Mauritius) | GB20025791 | International / Mauritius entity (subject to exclusions) | Local/offshore FSC (Mauritius) framework applies. UK/EU/Australian retail protections and compensation schemes do not automatically apply; leverage, products and dispute routes may differ. |
| FSCA | 54842 | South Africa (or clients routed to SA entity) | South African FSCA framework applies. Check whether the entity is the product issuer or only an intermediary; protections and product terms can differ materially. |
Why the entity matters
Retail leverage is capped at 1:30 under ASIC and CySEC rules. Mitrade lists a maximum of 1:200 for its offshore/international CIMA- and Mauritius FSC-regulated entities. The applicable cap depends on client status, jurisdiction and contracting entity. Mitrade also lists CIMA and CMA among its regulators, alongside ASIC, CySEC, FSC and FSCA.
The Mauritius entity’s terms do not automatically include UK, EU or Australian retail protections or compensation schemes. The South African entity’s role as product issuer or intermediary also matters. Mitrade restricts clients from the United States, Canada, Japan, New Zealand, the United Kingdom and the Philippines.
Client Protection
Mitrade says client funds are segregated and negative balance protection is provided. It also lists an investor compensation scheme, with coverage of up to USD, AUD or EUR 1,000,000 per individual depending on region, automatically provided to eligible CFD traders. Eligibility and the applicable entity matter; this should not be read as a guarantee against trading losses. Regulation does not remove market, counterparty or trading risk.
05
What Can You Actually Trade?
| Asset Class | Available | Approx. Number | Maximum Retail Leverage |
|---|---|---|---|
| Forex | Yes | 60 | 1:30 |
| Crypto | Yes | 61 | 1:2 |
| Stocks | Yes | 250+ | 1:5 |
| Indices | Yes | 19 | 1:20 |
| Commodities | Yes | 14 | 1:20 |
| ETFs | Yes | Offered — count not published | 1:5 |
| Options | No | Not Offered | - |
| Bonds | No | Not Offered | - |
Where the range is strongest
The range spans forex, indices, commodities, shares, ETFs and crypto. Mitrade lists more than 250 stock CFDs, while forex coverage includes 60 instruments. The stock and ETF products are CFDs, not direct share ownership; crypto exposure is through leveraged derivatives rather than wallet ownership.
Where it is limited
Retail leverage is relatively constrained under ASIC and CySEC rules, with lower maximums for stocks and crypto than for forex. Product availability and leverage can vary by legal entity, and crypto CFDs may be restricted by jurisdiction. Bonds are not offered, and no standard retail options product is identified.
06
Platforms and Mobile Experience
Available Platforms
| Platform | Web | Desktop | Mobile | Best Use Case |
|---|---|---|---|---|
| Mitrade WebTrader | Yes — browser | No native install — browser | Yes — mobile browser where responsive | Browser-based manual trading and charting without installing a desktop platform. |
| iOS | No | No | Yes — mobile app | On-the-go manual trading, position monitoring, alerts and account management. |
| Android | No | No | Yes — mobile app | On-the-go manual trading, position monitoring, alerts and account management. |
Core Experience
Mitrade’s proprietary platform supports manual trading, stop-loss and take-profit controls, price alerts, sentiment, news and analysis. It also offers split charts and multiple timeframes.
Advanced Features
API trading, VPS hosting, copy trading and social trading are not offered. Mitrade’s listed platforms do not provide a native user-programmable automation engine, making them a manual-trading setup rather than a platform for custom automated strategies.
Mobile Experience
The iOS and Android apps are designed for trading and account management on the move. Mitrade describes the platform as including alerts, sentiment, news and analysis alongside position controls.
Main Platform Trade-Off
Best aspect: The proprietary browser and mobile platform combines manual trading, position controls and market information.
Main friction point: There is no native desktop installation or user-programmable automation on the listed platforms.
07
Opening, Funding and Withdrawing From the Account
Account Opening
Mitrade requires identity verification. It offers a demo account as well as a Standard account. The minimum initial funding is listed as $20–$50 depending on payment method, while no universal minimum account deposit is published. Check that Mitrade accepts clients in your country before applying; the United States, Canada, Japan, New Zealand, the United Kingdom and the Philippines are restricted.
Deposits and Withdrawals
| Method | Deposit Time | Withdrawal Time | Deposit Fee | Withdrawal Fee |
|---|---|---|---|---|
| Bank transfer / wire transfer | Within 3 minutes on average. | About 1–3 business days broker-side; the bank or payment provider may add time. | No broker fee in most cases; third-party charges may apply. | Usually no broker fee; intermediary or provider charges may apply. |
| Cards — Visa and Mastercard | Within 3 minutes. | About 1–3 business days broker-side; the bank or payment provider may add time. | No broker fee in most cases; third-party charges may apply. | Usually no broker fee; intermediary or provider charges may apply. |
| E-wallets and digital wallets — Skrill, Google Pay and Apple Pay | Within 3 minutes. | About 1–3 business days broker-side; the payment provider may add time. | No broker fee in most cases; third-party charges may apply. | Usually no broker fee; intermediary or provider charges may apply. |
| Cryptocurrency | Not offered. | Not offered. | N/A — cryptocurrency funding is not listed as a supported payment method | N/A — cryptocurrency funding is not listed as a supported payment method |
Account base currencies are USD and AUD. A currency-conversion cost or markup can apply when a payment, instrument or settlement currency differs from the account base currency. Withdrawal times above are broker-side processing estimates; payment-provider or bank settlement can add time.
08
Execution and Trading Conditions
Mitrade is classified as a market maker. Its spreads float, and the main trading cost is the spread; overnight funding can apply to positions held past settlement. The platform displays the product-specific funding rate. Slippage is possible.
Maximum leverage depends on the legal entity: Mitrade lists up to 1:200 under offshore/international CIMA and Mauritius FSC entities and up to 1:30 for retail clients under ASIC and CySEC rules. Instrument-level retail maximums also differ: forex 1:30, indices and commodities 1:20, stocks and ETFs 1:5, and crypto 1:2.
The margin call level is 100% and the stop-out margin level is 50%. Hedging, scalping and news trading are allowed. Trading server time is GMT+2 or GMT+3.
09
Research, Education and Support
Research and Tools
Mitrade provides market analysis, trading ideas, an economic calendar, market forecasts, market sentiment, price charts and market news. The proprietary platform also integrates sentiment, news and analysis.
Education
Educational resources include an academy, courses, articles and guides, alongside market analysis. These offer a starting point for traders who want educational material alongside the trading platform.
Customer Services
| Channel | Average Response Time | Availability | Multilingual |
|---|---|---|---|
| Live chat | 1 minute | 24/5 | Yes |
| Phone | 3 minutes | 24/5 | Yes |
| 1-4 hours | 24/5 | Yes |
Support channels are live chat, email and phone. Support languages include English, Spanish, Portuguese, German, French, Italian, Polish, Dutch, Chinese, Korean, Vietnamese, Thai, Indonesian, Malay, Hindi, Arabic, Russian and Turkish. The response times are averages; Mitrade lists support as available 24/5.
10
Mitrade vs Relevant Alternatives
- Overall Rating
- 4.1/5
- Platforms
-
- Fees
-
- Best For
- Beginner and intermediate traders seeking platform flexibility and easy funding methods
- Overall Rating
- 4.1/5
- Platforms
-
- Fees
-
- Best For
- Active CFD traders seeking a user-friendly proprietary platform plus MetaTrader access.
- Overall Rating
- 4.4/5
- Platforms
-
- Fees
-
- Best For
- Beginners and intermediate traders seeking strong education, low minimums, and MT4/MT5 access
- Overall Rating
- 4.1/5
- Platforms
-
- Fees
-
- Best For
- Beginner Forex and CFD traders, casual investors, and those looking to utilize copy trading.
12
Before You Open an Account
Check these three things first
- Your legal entity: Confirm the contracting entity for your country and review its regulator, licence and applicable retail protections.
- Your likely trading cost: Consider the floating spread, product-specific overnight funding, currency conversion and the inactivity fee if you may leave the account dormant.
- Your product/account requirements: Confirm that your preferred instruments and the Standard account meet your needs, and check that the relevant payment method is available in your region.
Bottom line
Mitrade is primarily suited to beginners and mobile-first traders seeking manual CFD trading through a proprietary platform. Its limited automation and jurisdiction-dependent leverage and protections are important trade-offs to weigh before opening an account.
012 — FAQs
Frequently Asked Questions About
Is Mitrade regulated?
Mitrade lists regulation by ASIC, CySEC, CIMA, FSC Mauritius, FSCA and CMA. The named entities in Australia, Cyprus, Mauritius and South Africa are Mitrade Global Pty Ltd, MiTrade EU Limited, Mitrade International Ltd and Mitrade Markets (Pty) Ltd, respectively. Your contracting entity depends on your location, and its rules and protections apply to your account.
Is Mitrade safe?
Mitrade says client funds are segregated and negative balance protection is provided. It also lists an investor compensation scheme of up to USD, AUD or EUR 1,000,000 per individual depending on region, for eligible CFD traders. Eligibility and protections depend on the entity. Regulation does not remove the risk of loss from leveraged trading.
What is Mitrade’s minimum deposit?
Initial funding is listed as $20–$50 depending on payment method, but there is no universal minimum account deposit published. The account base currencies are USD and AUD. Check the requirements shown for the payment method and legal entity that apply to you before funding.
Does Mitrade charge commission?
Mitrade’s Standard account uses spread-only pricing and has no dealing commission. Floating spreads are instrument-specific, and overnight funding can apply to positions held past settlement. Currency conversion costs may also apply when the relevant payment, instrument or settlement currency differs from your account base currency.
Does Mitrade offer MT4 or MT5?
Mitrade offers browser-based WebTrader and iOS and Android apps for manual trading and position management. MT4 and MT5 are not included in its listed platforms.
How long do Mitrade withdrawals take?
Mitrade’s broker-side withdrawal processing is about 1–3 business days for cards, e-wallets and bank transfers. A bank or payment provider may add settlement time. Mitrade says it usually charges no broker withdrawal fee, although intermediary or provider charges may apply.
Nicola Moretti
Nicola Moretti is a forex reviewer and trading writer who specializes in broker analysis, platform reviews, and forex education. His goal is to provide accurate, easy-to-follow insights that support smarter trading decisions.
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