MiTRADE broker Accounts

Mitrade Account Type

Mitrade offers a single live trading account type known as the Standard Account along with a risk-free Demo Account. The Standard Account requires a minimum deposit of $50, and it provides competitive trading conditions with floating spreads starting from 0.8 pips and a maximum leverage of 1:200. The Demo Account is designed for beginners to practice trading strategies in a risk-free environment, initialized with $10,000 in virtual funds and valid for 90 days. Mitrade does not offer an Islamic account option, nor does it provide mini or premium accounts, ensuring that all traders have access to the same trading conditions.

Mitrade Broker Account Opening Process

Opening an account with Mitrade is straightforward and can be completed in a few simple steps:

• Registration: Visit the official Mitrade website and select the option to "Create Account" or "Open Live Account."
• Complete the Registration: Fill in the required personal information, including your name, email address, phone number, and country of residence. Create a username and password for your account.
• Verify Your Account: After registration, you will receive a verification email. Complete the verification process by submitting necessary documents such as a copy of your ID and proof of address.
• Fund Your Account: Once verified, deposit funds into your trading account using various payment methods, including credit/debit cards, bank transfers, or e-wallets. The minimum deposit is $50.
• Start Trading: After funding your account, log in to the Mitrade trading platform to explore its features and begin trading various financial instruments such as forex, commodities, and cryptocurrencies.

By following these steps, traders can efficiently set up their Mitrade accounts and start their trading journey.