Mitrade Review Overview
Mitrade is a CFD and forex broker founded in 2011 in Melbourne, Australia, now operating through multiple regulated entities worldwide: Mitrade Global Pty Ltd under Australia’s ASIC (license 398528), Mitrade EU Limited under Cyprus CySEC (license 438/23), and additional entities regulated by Mauritius FSC, South Africa’s FSCA, and the UAE’s Capital Markets Authority.
This review draws on Mitrade’s own official pages and independent broker-review sources rather than an affiliate relationship, so no account-opening links are included here.
| Specification | Detail |
|---|---|
| Founded | 2011 (Melbourne, Australia) |
| Regulation | ASIC, CySEC, Mauritius FSC, South Africa FSCA, UAE CMA |
| Minimum Deposit | As low as $20 (varies by region/entity) |
| Instruments | 800+ across forex, stocks, crypto, ETFs, commodities |
| Platform | Proprietary web and mobile only — no MT4/MT5 |
Multi-Entity Regulatory Structure
Mitrade’s regulatory footprint spans five jurisdictions through separately licensed entities, a structure common among internationally-operating CFD brokers. Which entity handles a given client’s account — and therefore which regulatory protections and leverage ceiling apply — depends on country of residence, so confirming this directly during account opening is worthwhile. In November 2025, Mitrade received several regional industry awards including “Most Trusted Broker Asia” and “Fastest Withdrawal Broker Asia,” though independent reviews also note some user complaints about withdrawal delays — a pattern worth weighing against the award recognition rather than treating either in isolation.
Account Types and Leverage
Mitrade offers two live account types: Standard, suited to new and retail traders with leverage up to 1:30 on major forex pairs under ASIC/CySEC retail rules, and Pro, aimed at experienced traders (primarily in Australia) with leverage up to 1:200 and a dedicated account manager. A demo account is also available. Minimum deposits vary by region — reported as low as $20 in some markets, AUD 100 in Australia, and EUR 50 in Europe — so confirming the exact figure for a specific region is worthwhile before funding an account.
Trading Conditions
Mitrade operates a zero-commission model with all costs embedded in floating spreads, starting from around 0.4-0.5 pips depending on the instrument and account. This is a notably different cost structure from commission-based ECN brokers, and one that simplifies cost calculation for traders who prefer an all-in spread rather than tracking separate commission charges.
Tradable Instruments
Mitrade’s published materials cite over 800 tradable instruments spanning forex, individual stocks, ETFs, commodities, and cryptocurrency CFDs. Notably, Mitrade’s crypto offering is unusually broad for a multi-asset CFD broker — reportedly around 97 major and minor cryptocurrency pairs, a genuinely wide selection compared to many competitors that offer only a handful of major coins.
Trading Platform
Unlike most brokers covered on this site, Mitrade does not offer MetaTrader 4 or MetaTrader 5 — trading is conducted entirely through Mitrade’s own proprietary web and mobile platforms. Traders who specifically want access to the MT4/MT5 ecosystem of custom indicators and Expert Advisors would need to look elsewhere, though Mitrade’s proprietary platform is generally described in independent reviews as straightforward and mobile-friendly, particularly for newer traders.
Pros and Cons
| Pros | Cons |
|---|---|
| Very low minimum deposit ($20 in some regions) and zero-commission pricing | No MT4/MT5 — proprietary platform only |
| Unusually broad crypto CFD selection (~97 pairs) for a multi-asset broker | Some independent reviews report withdrawal-related complaints |
| Multi-jurisdiction regulation including ASIC and CySEC | Which entity/leverage tier applies depends heavily on client residence |
| Recent industry recognition (multiple 2025 regional awards) | Pro account’s higher leverage is primarily available to Australian traders |
Is Mitrade a Good Broker?
Mitrade’s combination of a very low entry barrier, zero-commission pricing, and a genuinely broad crypto CFD selection makes it a reasonably accessible option, backed by regulation across five jurisdictions including ASIC and CySEC. The lack of MT4/MT5 support and scattered withdrawal complaints in independent reviews are worth weighing against the award recognition Mitrade has received, and confirming current regional terms directly is a sensible step before depositing.
FAQ
- Is Mitrade regulated?
- Yes, through multiple entities: ASIC (Australia), CySEC (Cyprus), plus entities regulated in Mauritius, South Africa, and the UAE.
- What is Mitrade’s minimum deposit?
- As low as $20 in some regions, though this varies — AUD 100 in Australia, EUR 50 in Europe.
- Does Mitrade support MetaTrader?
- No, Mitrade uses only its own proprietary web and mobile platforms — MT4 and MT5 are not offered.
- How many cryptocurrencies can I trade on Mitrade?
- Around 97 crypto pairs, according to Mitrade’s own published materials — an unusually broad selection for a multi-asset CFD broker.
- What is Mitrade’s maximum leverage?
- Up to 1:30 on the Standard account, and up to 1:200 on the Pro account (primarily available to eligible Australian traders).
