Mitrade Review 2026

The basic trading model

Mitrade is a market maker offering leveraged products. Its market range includes forex, indices, commodities, stocks, ETFs and cryptocurrencies. Stock exposure is mainly through CFDs, so traders do not own the shares or receive voting rights. Index exposure is through leveraged derivatives rather than ownership of an index; commodity exposure is mainly through leveraged derivatives linked to spot or futures prices; and crypto exposure is generally through leveraged derivatives rather than wallet ownership.

The single live account type is Standard. It connects to Mitrade WebTrader and the iOS and Android apps. Mitrade does not offer copy trading, social trading or API trading.

Important regional differences

Maximum leverage reaches 1:200 under offshore/international entities regulated by CIMA or FSC Mauritius. For retail clients under ASIC and CySEC rules, the cap is 1:30. Product eligibility can also differ by jurisdiction, and crypto availability may be restricted by jurisdiction.

Trading costs

Mitrade’s Standard account uses floating spreads and charges no commission. The following are average spreads, not minimum or advertised spreads.

Non-trading costs

Mitrade charges no broker fee on deposits or withdrawals, though third-party or intermediary fees may apply. A $10 monthly inactivity fee applies after six months. Overnight swap fees apply, and currency conversion fees may also arise. No commission does not mean trading is cost-free: spreads and, where relevant, overnight financing and currency conversion remain part of the cost.

Cost takeaway

The no-commission structure makes the spread the main quoted trading cost for the examples above. Traders who hold positions overnight should also account for swap charges, while clients who fund or trade in a different currency may incur conversion costs.

Account options

Mitrade offers one live account type, Standard, rather than a choice between spread-only and raw-spread commission accounts.

With a single live-account model, account choice is less about selecting a pricing tier and more about checking the applicable entity, funding route and product terms. The broker-wide deposit range depends on payment method.

Platform choices

Base currency and account configuration

Base account currencies are USD and AUD. Currency conversion fees may apply. A demo account is available. Islamic accounts are swap-free, but are restricted to specific Middle Eastern/UAE regional entities regulated by CMA.

Mitrade offers several leveraged product categories. The product counts below indicate the breadth of the range, while the product structure matters: CFDs and other derivatives do not confer ownership of the underlying asset.

ETFs are among Mitrade’s tradeable asset categories, while the Other group can include ETFs and several other product types. Product eligibility, margin and trading hours can vary by platform, account and jurisdiction.

Order execution

Mitrade operates as a market maker. Slippage may occur during fast markets, news events or periods of low liquidity. The minimum lot size is 0.01. No execution-speed or requote figures are available to include here.

Leverage, margin and stop-out

Maximum leverage is capped at 1:200 under CIMA- and FSC Mauritius-regulated offshore/international entities. For retail clients under ASIC and CySEC rules, it is capped at 1:30. The applicable cap depends on the client’s entity and account circumstances. Mitrade’s margin-call level is 100%, and its stop-out margin level is 50%.

Trading restrictions

Mitrade allows hedging, scalping and news trading. It does not offer API trading, copy trading or social trading. Maximum position counts, stop-distance rules and weekend-trading conditions are not included here.

Day-to-day usability

The platform setup is centered on a browser-based WebTrader and mobile apps for iOS and Android; there is no native desktop installation. Traders seeking a programmable API or copy and social features will not find those options at Mitrade.

1. Eligibility

Mitrade restricts clients from the United States, Canada, Japan, New Zealand, the United Kingdom and the Philippines. The entity and terms that apply depend on the client’s region.

2. Registration

Clients open Mitrade’s Standard live account or use the demo account. The live account is available through Mitrade WebTrader and the iOS and Android apps.

3. Verification

Mitrade requires verification (KYC). Specific document requirements and approval times are not included here.

4. Initial funding

The initial deposit ranges from $20 to $50 depending on payment method. The payment-method tables below give the method-specific minimums.

5. Getting ready to trade

Before placing a trade, check the account’s legal entity, base currency, product availability and applicable leverage cap. USD and AUD are the base account currencies. A demo account is available for practice.

Deposits

Payment-method names are represented by the broker’s method identifiers below. Minimums and processing details are specific to each identifier. Broker processing and final settlement can differ, particularly when a bank or payment provider adds time.

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Visa	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min	within 3 min
Mastercard	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min	within 3 min
Skrill	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min	within 3 min
Wire Transfer	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min average	within 3 min average
Google Pay	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min	within 3 min
Apple Pay	$50	No broker fee in most cases, third-party/intermediary fees may apply	within 3 min	within 3 min

Mitrade charges no deposit fee, although third-party or intermediary fees may apply. Its general processing estimates are 15 minutes for cards and e-wallets and 1–3 business days for bank wire transfers.

Withdrawals

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Visa	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side
Mastercard	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side
Skrill	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side
Wire Transfer	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side
Google Pay	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side
Apple Pay	$40	Usually no broker fee, intermediary/provider charges may apply	About 1–3 business days broker-side	About 1–3 business days broker-side

There is no Mitrade withdrawal fee, but intermediary or provider charges may apply. The method-specific estimate is broker-side processing; a bank or payment provider may add time. Mitrade’s broader estimates are 1–2 business days for e-wallet withdrawals and 3–5 business days for card and bank wire withdrawals.

Availability

Mitrade provides customer support 24/5 through live chat, email and phone.

How traders can get help

The support email is [email protected] and the phone number is +61 3 9606 0033. Support is available in 19 languages, including English, Chinese, Arabic and Spanish.

Support limitations

Support hours are 24/5, so this is not round-the-clock coverage. Customer feedback often highlights practical guidance and quick responses, though individual support experiences can differ.

Mitrade operates across several regulated jurisdictions, and client protections depend on the entity serving the account. Mitrade’s regulatory jurisdictions include Australia, Cyprus, the Cayman Islands, Mauritius, South Africa and the United Arab Emirates. Clients should match the account entity to the regulator and protection terms that apply to them.

Legal entities and regulators

Mitrade also identifies CIMA and CMA among its regulators. The maximum leverage under CIMA- and FSC Mauritius-regulated offshore/international entities is 1:200, while retail clients under ASIC and CySEC rules are capped at 1:30. Mitrade’s Mauritius licensing references differ between GB20025791 and GB20025792.

Client money protections

Mitrade segregates client funds and provides negative balance protection. It also offers investor compensation of up to $1,000,000 in USD, AUD or EUR, depending on region, to eligible CFD traders. Eligibility and the applicable amount depend on the client’s region; this protection should not be assumed to apply to every account or entity.

Company transparency

Mitrade was founded in 2011, is headquartered in Australia and is not publicly traded. Its listed office locations include Australia, Mauritius, Cyprus and the Cayman Islands.

Important distinction

Segregation, negative balance protection and an eligible compensation scheme address different risks and do not protect against losses caused by market movements. Leveraged CFDs can lose value as prices move against a position.

What the headline claim suggests

A $20–$50 minimum deposit and maximum leverage of 1:200 can make Mitrade appear accessible to traders seeking high market exposure with a small initial balance.

What happens in practice

The 1:200 cap applies under offshore/international entities regulated by CIMA or FSC Mauritius. Retail clients under ASIC and CySEC rules are capped at 1:30. The client’s entity therefore matters: the headline maximum is not a universal limit. The platform trade-off is similarly clear: Mitrade offers web and mobile access, but no native desktop installation, API trading, copy trading or social trading.

Who should care most

Traders comparing leverage or relying on desktop, automated or social-trading tools should check their regional account terms before opening an account. The same entity check matters when assessing eligibility for regional compensation protection.

Practical example

A retail client under ASIC or CySEC rules cannot use the 1:200 cap that applies to the relevant offshore/international entities; the retail cap for those two regulatory regimes is 1:30.

Consider Mitrade if you...

• want a simple web or mobile CFD platform rather than a native desktop terminal;
• prefer one commission-free Standard account with floating spreads;
• are a beginner or mobile-first trader who values an available demo account and a relatively low initial deposit.

You may want to look elsewhere if you...

• need a native desktop platform or API trading;
• rely on copy trading or social trading;
• need leverage above the 1:30 retail cap that applies under ASIC and CySEC rules.

Mitrade’s clearest proposition is a commission-free Standard CFD account accessible through web and mobile platforms, with a $20–$50 initial deposit depending on payment method. The main compromise is a narrow platform range and entity-dependent leverage and protections. Beginners and mobile-first traders who do not need desktop, API, copy or social trading are most likely to accept that trade-off.

Our assessment considers regulatory and legal terms, account specifications, trading costs, platforms, instrument range, execution conditions, funding terms and support. Broker disclosures, regulator details, structured product and payment information, and customer feedback are treated as distinct types of evidence; no personal testing is claimed here. For more detail on how brokers are assessed, see our review methodology.