Mitrade is a regulated online trading broker that is based in Melbourne, Australia. It offers clients online trading of multiple financial instruments across different asset classes, including forex, commodities, major indices, and cryptocurrencies, through the proprietary Mitrade trading platform. They also offer competitive spreads, zero commissions, leverage of 1:200, as well as fast and reliable order execution. Mitrade has won several industry awards in honor of their excellent trading services. The awards include the ‘Best Mobile Trading Platform 2019’ by Forex Awards and many more.
Mitrade Review Introduction
In this Mitrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Mitrade.
Mitrade Platforms & Tools
The broker provides traders with the Mitrade Trading Platform, which offers a simple and intuitive online trading environment and is designed to meet the trading needs of professional investors and investment enthusiasts.
The Mitrade trading platform is available as a WebTrader that can run directly on most modern web browsers and operating systems, such as Google Chrome, Safari, Firefox, and Edge. The platform also has a mobile app that is developed for Android and iOS devices and can be downloaded from the relevant app stores. The web and mobile versions give traders access to the Mitrade Trading Platform anytime and from anywhere provided there is an internet connection.
Clients also benefit from a range of useful trading tools aimed at enhancing their overall trading experience. They include Forecast, a market sentiment tool that highlights industry experts’ near and medium-term viewpoints of popular markets; Economic Calendar; Risk Management Tools; and Sentiment Tool.
Mitrade Research & Education
The broker provides traders with a good selection of educational resources. They include a range of articles on basic forex and CFD trading, as well as a frequently asked questions section that gives instant answers to some commonly asked questions.
Mitrade Trading Accounts
The broker offers clients one standard trading account, which ensures that all traders are treated equally and get similar trading conditions, irrespective of their starting balances. Demo accounts are also available for practice purposes. They are only valid for 90 days unless a real live trading account is created.
Mitrade Account Funding
Mitrade accepts the following payment methods as the available account funding and withdrawal options: Wire transfer, Credit/Debit cards, Skrill, and POLi. They do not charge any fees on deposits and withdrawals. Please note that some payment methods may not be available to specific countries. The transaction limits and processing times may vary, depending on the payment method in use.
Mitrade Customer Service
Mitrade has a team of dedicated professionals that provide support to their clients. They can be reached via email. You can also fill out the ‘contact us’ form on the broker’s website, and the customer support specialist will attend to you as soon as possible. Traders can also visit the team at their office in Melbourne. The broker is also available on popular social media handles.
Mitrade is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL: 398528). Also, the Mitrade website is owned and operated by Mitrade Global Pty Ltd ABN 90149011361. All transactions and operations are under the regulations of ASIC.
Mitrade Review Summary
Mitrade is a regulated online trading broker that operates from Melbourne, Australia. They offer over 100 tradable assets for online trading via the intuitive Mitrade Trading platform. They provide clients with a range of useful trading tools and educational materials to help enhance their trading experience.
It is worth mentioning that some of the trading products and services in this Mitrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Mitrade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.