What is Mitrade?
Mitrade is a forex and CFD broker based in Australia, listed with a foundation year of 2012. It offers leverage up to 1:200, spreads from 0.3 pips and a minimum deposit of $100. Clients trade on Web-based Version, Mobile App and on mobile.
mitrade
Before you open an account or claim an offer, check the broker's licence in the official FCA Financial Services Register.
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Is Mitrade safe and regulated?
Mitrade is regulated by Regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) No. 398528. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Mitrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $100 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | No |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | No |
Trading platform and conditions
Mitrade provides Web-based Version, Mobile App, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.3 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:200 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Mitrade supports 4 funding methods, including Bank transfer, credit card, Skrill, Neteller and More. Accounts can be held in 2 base currencies (USD, AUD), which helps you avoid conversion fees.
Mitrade bonus: <p>Welcome Bonus Promotions</p>
How the promotion works
The current Mitrade promotion is <p>Welcome Bonus Promotions</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Mitrade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Mitrade pros and cons
Pros
- Raw spreads from 0.3 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic and Mini accounts
- Regulated by a tier-1 authority
Cons
- $100 minimum deposit is higher than some rivals
- Web-based Version, Mobile App only in our listing, no MT4/MT5 confirmed
How to open a Mitrade account
- RegisterVisit the Mitrade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, Mini or a standard account, and your base currency.
- Fund the accountDeposit at least $100 with Bank transfer, credit card, Skrill or another method.
- Start tradingLog in to Web-based Version, Mobile App or the mobile app and set your risk per trade.
Is Mitrade a good broker? Our verdict
Mitrade suits active traders who want raw spreads, freedom to scalp or trade the news. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.