Mitrade at a glance
Mitrade is an online trading brand offering contracts for difference on forex, commodities, precious metals, indices, shares, exchange-traded funds and cryptocurrencies through its proprietary Mitrade platform and TradingView integration. The brand operates through multiple legal entities, with applicable trading terms and regulatory protections varying by client location.
Mitrade reports a founding year of 2019 and a head office in Melbourne, Australia. It lists 6 regulators and 3 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for Mitrade. The BrokerBazaar Intelligence Score is 80/100 (low risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
Mitrade operates through 5 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Mitrade states that it accepts clients from United Arab Emirates, Australia. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: Maximum leverage of up to 1:200 applies only under applicable international/offshore conditions and is not available to Australian retail clients; No single global headquarters, universal legal entity or universal company-registration number applies to all Mitrade clients.
Trading products, platforms and account types
Instruments: Forex, Commodities, Indices, Stocks, Crypto. Platforms: Mitrade App, Mitrade WebTrader, TradingView. Account types: Standard, Professional.
Best-for tags assigned by our team: orex Traders, CFD Traders, Mobile Traders, TradingView Traders, Multi-Asset Traders, Beginner Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $50. Spreads start from 0.0 pips and commission is None on standard · applies on raw. Maximum leverage is Up to 1:200, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Visa, Mastercard, Bank Transfer, Skrill, Neteller, PayID. Withdrawal methods: Bank Transfer, Card Refunds, Skrill, Neteller.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: cs.au@mitrade.com. Phone: +61 3 9606 0033. Mitrade Global Pty Ltd’s Product Disclosure Statement directs clients to submit complaints in writing to Level 11, 350 Collins Street, Melbourne VIC 3000, by email to cs.au@mitrade.com, or through live chat at https://www.mitrade.com. The Financial Services Guide identifies the Australian Financial Complaints Authority (AFCA) as the external dispute-resolution service, with AFCA contact number 1800 931 678 and email info@afca.org.au.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Official materials advertise zero commission on standard CFD trades
- Strength: Official materials describe variable spreads and publish indicative major-pair spreads from 0.6 pips in Australian content
- Strength: Proprietary Mitrade mobile and web trading platform
- Strength: TradingView integration
- Strength: Australian entity identified with AFSL 398528
- Strength: Published Australian dispute-resolution route through AFCA
- Strength: Mauritius entity is identified in the UAE complaints policy as the Investment Dealer responsible for trading-account matters
- Strength: UAE entity publishes a separate policy that clearly distinguishes its Category 5 referral/promotional role from Mauritius trading-account operations
- Strength: Broad CFD instrument range, including forex, commodities, indices, shares, ETFs and cryptocurrencies
- Strength: 24/7 support is advertised in current Mitrade material
- Limitation: Regulatory protection, applicable leverage, product availability and complaint processes vary by contracting entity
- Limitation: Official Mitrade materials contain conflicting minimum-deposit amounts across Australian and international content
- Limitation: Maximum leverage of up to 1:200 applies only under applicable international/offshore conditions and is not available to Australian retail clients
- Limitation: Spreads are floating and vary by market/product; no universal fixed spread is guaranteed
- Limitation: The UAE Category 5 entity is not responsible for trading-account, CFD execution, deposit or withdrawal complaints
- Limitation: Direct current regulator-register verification remains incomplete for Cyprus, Mauritius, Cayman Islands, UAE and South Africa entries
- Limitation: No single global headquarters, universal legal entity or universal company-registration number applies to all Mitrade clients
- Limitation: No complete, current public country-availability list was established
Who this broker suits, and who it does not
Mitrade is most relevant to traders looking for: orex Traders, CFD Traders, Mobile Traders, TradingView Traders, Multi-Asset Traders, Beginner Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Mitrade change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Mitrade yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Mitrade
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 4.7/5; WikiFX 8.59/10; Google Play Store 4.5/5; Apple App Store 4.7/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Mitrade. How we make money. Trading leveraged products carries a high risk of loss.