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MiTRADE Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.mitrade...., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), CyprusCYSECMarket Maker (MM) to enhance the security of the company's address Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia

MiTRADE Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

Mitrade Global Pty Ltd

Abbreviation

MiTRADE

Company employee

Customer Service Email Address

cs@mitrade.com

Company Website

https://www.mitrade.com

Company address

Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia

Facebook

https://www.facebook.com/MitradeApp

https://x.com/MitradeApp

Keywords

10-15 years

Regulated in Australia

Regulated in Cyprus

Market Maker (MM)

Self-developed

Global Business

Company profile

Broker NameMiTRADEFounded2010Registered CountryAustraliaRegulationASIC, CySECMarket InstrumentsForex, indices, commodities, shares, ETFsDemo AccountAvailableLeverageUp to 1:200EUR/USD SpreadFrom 1 pipCommission$0Trading PlatformMitrade Mobile App, Desktop, WebTraderMinimum DepositNot mentionedCustomer Support24/5 live chat, contact form, email: cs@mitrade.comWhat is MiTrade? MiTRADE, based in Australia and regulated by ASIC, offers a range of features and services to its clients. The broker provides a proprietary trading platform that allows traders to access the financial markets with competitive spreads starting from 0.0 pips. Tradable assets include forex, indices, shares, and commodities, and ETFs. MiTRADE offers both demo and live accounts. For those seeking an Islamic account, MiTRADE provides that option as well. Customer support is available 24/5 through various channels, including live chat, contact form and email.Pros & ConsProsConsRegulated by ASIC in AustraliaWeak trading platformVarious tradable assets and servicesLimited information on minimum depositAvailability of demo accountOvernight fees chargedDiverse payment methodsNo 24/7 customer supportIs MiTRADE legit? MiTRADE is a broker that operates under the regulation of the Australia Securities & Investment Commission (ASIC), with an Market Making (MM) license under license no. 398528; and the Cyprus Securities and Exchange Commission (CySEC), with an Market Making (MM) license under license no. 438/23.Market Instruments MiTRADE offers access to various financial markets, including forex, indices, shares, commodities and ETFs. Traders can engage in forex trading, speculating on the price movements of different currency pairs. Additionally, they can trade popular indices, giving them exposure to the performance of a basket of stocks from specific markets. MiTRADE also offers the opportunity to trade shares, allowing clients to invest in individual company stocks. Moreover, traders can participate in commodity trading, taking positions on the price fluctuations of commodities such as gold, oil, and agricultural products.Account Types MiTRADE offers two types of accounts for traders: a live account and a demo account. The live account is designed for real trading with actual funds, allowing traders to participate in the financial markets and execute trades using their own capital. The minimum deposit for opening a live account with MiTRADE is undisclosed. This broker offers USD or AUD as a base currency for their trading accounts. On the other hand, the demo account is a simulated trading environment that provides users with virtual money to practice trading strategies and explore the platform's features. Each demo account is initialized with a generous amount of USD50,000 or AUD50,000 virtual money, enabling traders to gain hands-on experience without any financial risk.How to Open an Account? To open an account with MiTRADE, you can follow a simple process:Visit the MiTRADE website: Go to the official MiTRADE website using a web browser. Click on “Open Account” or “Register”: Look for the “Open Account” or “Register” button on the homepage or the main navigation menu.Fill in the Registration Form: Provide the required information in the registration form. This usually includes personal details such as your name, email address, phone number, and country of residence. You may also need to create a username and password for your account.Complete the Verification Process: MiTRADE may require you to verify your identity and address by submitting supporting documents. This could include a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).Review and Agree to Terms and Conditions: Read through the terms and conditions of MiTRADE's services carefully. Make sure you understand and agree to the terms before proceeding.Fund Your Account: Once your account is successfully registered and verified, you can proceed to fund your trading account. MiTRADE typically offers various deposit methods such as bank transfer, credit/debit card, or online payment systems. Choose the method that is most convenient for you and follow the instructions provided.Start Trading: After your account is funded, you can access the MiTRADE trading platform using your login credentials. Explore the platform, familiarize yourself with its features, and start trading the available financial instruments, such as forex, indices, commodities, or cryptocurrencies.Leverage MiTRADE offers trading leverage of up to 1:200. It is crucial to understand that high leverage can amplify both potential profits and risks. While it may be appealing to experienced traders who are familiar with managing leverage effectively, inexperienced traders are advised to exercise caution and carefully consider their risk tolerance.Spreads & Commissions MiTRADE offers floating spreads for various trading instruments. The spread on the popular EURUSD currency pair starts from 1 pip, providing traders with a competitive option for trading this major pair. The EURGBP pair has a spread starting from 1.4 pips, while UKOIL and USOIL (Crude Oil) have spreads of approximately 0.06 pips, offering traders a tight spread option for energy commodities. For precious metals, the XAUUSD (Gold) pair has a spread starting from 0.44 pips, and the XAGUSD (Silver) pair has a spread starting from 0.3 pips. Notably, MiTRADE does not charge any commissions on trades, which can be advantageous for traders seeking cost-effective trading options. Non-Trading FeesProduct Quotes, Technical Indicators, Market Analysis: FreeBid-Ask Spread: Charged as service compensation, not fixed. Deposit and Withdrawal Fees: No charges from Mitrade, but third-party fees may apply (e.g., bank or currency conversion fees).Overnight Holding Costs: Applied if positions are held past 10:00 PM GMT. Other Expenses: No hidden fees. Trading Platform MiTRADE offers its own proprietary trading platform for clients, with desktop and app version, as well as WebTrader. The proprietary platform is designed to meet the specific needs and preferences of MiTRADE's traders. The platform offers a user-friendly interface, providing access to real-time market data, charting tools, and a range of order types.Deposit & WithdrawalPayment MethodDeposit Processing Time Visa/MastercardInstant, within 3 minutesBank TransferE-WalletQR Code Payment The broker does not charge any fees for deposits and withdrawals in most cases. However, there are other third-party charges for deposit and withdrawals that are outside of Mitrades control such as intermediary bank fees, etc. Note that not all deposit methods are available in all countries. Please log in to your Mitrade account to view what payment options are available to you.Customer Support MiTRADE offers 24/5 live chat service with a team of dedicated professionals. They can be reached via email: cs@mitrade.com. You can also fill out the ‘contact us’ form on the brokers website, and a customer support specialist will attend to you as soon as possible. Mitrade is also available on social media: Instagram, Facebook, Twitter, YouTube, LinkedIn, TikTok and Telegram. Traders can also visit the team at their offices: • Mitrade Holding Ltd: 215-245 N Church Street, 2nd Floor, White Hall House, George Town, Grand Cayman, Cayman Islands; • Mitrade Global Pty Ltd: Level 13, 350 Queen Street, Melbourne, VIC 3000, Australia; • Mitrade International Ltd: Suite 707 & 708, 7th Floor, St James Court, St Dennis Street, Port Louis, Mauritius.FAQs Is MiTRADE regulated? Yes. MiTRADE is regulated by ASIC under regulatory license number 398528. At MiTRADE, are there any regional restrictions for traders? Yes. The information on MiTRADEs site is not intended for residents of the United States, Canada, Japan, New Zealand or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Which live trading accounts does MiTRADE offer? MiTRADE offers one live account and a demo account to choose from. Are there any fees for using the trading platform? MiTRADE is a commission-free trading platform. The main cost of trading comes from the low spreads it charges, which vary among different markets.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital.

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Mitrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Mitrade Account Setting up a Mitrade account is a straightforward process that allows users to access a range of financial markets. Follow these detailed steps

Mitrade Forex Broker - Complete Information Guide

1. Broker Overview

　　Mitrade, officially known as Mitrade Global Pty Ltd, was established in 2011 and has its headquarters in Melbourne, Australia. The broker operates under a private ownership structure, providing a range of trading services primarily to retail clients. Over the years, Mitrade has developed a significant presence in the forex and CFD trading markets, serving a global clientele with a focus on simplicity and user-friendliness.

　　Since its inception, Mitrade has made substantial strides in the financial technology space, emphasizing a commitment to innovation and efficiency. The company has achieved various milestones, including the launch of its proprietary trading platform, which has garnered multiple awards for its performance and design. Notably, Mitrade has received accolades for being the most transparent forex broker globally and for having the best mobile trading platform.

　　Mitrade operates under several regulatory entities, ensuring compliance and security for its clients. The broker's business model focuses on retail forex trading and CFDs, providing access to over 400 financial products, including forex pairs, commodities, indices, and shares. This diverse offering positions Mitrade as a competitive player in the online trading landscape.

2. Regulation and Compliance Information

　　Mitrade is regulated by several prestigious authorities, which include:

Australian Securities and Investments Commission (ASIC) - License No. AFSL 398528
Cyprus Securities and Exchange Commission (CySEC) - License No. 438/23
Cayman Islands Monetary Authority (CIMA) - License No. 1612446
Mauritius Financial Services Commission (FSC) - License No. GB20025791

　　These regulatory licenses ensure that Mitrade adheres to strict compliance standards, providing a secure trading environment for its clients. The licenses cover various aspects of trading operations, including the protection of client funds and the implementation of transparent business practices.

　　Mitrade implements a robust client fund segregation policy, keeping retail client deposits in separate trust accounts to safeguard against potential insolvency. This means that in the event of financial difficulties, client funds remain protected. Additionally, Mitrade participates in investor compensation schemes where applicable, providing further assurance to traders.

　　The broker follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring that all clients undergo identity verification to prevent fraudulent activities. This commitment to regulatory compliance establishes Mitrade as a trustworthy broker in the financial markets.

3. Trading Products and Services

　　Mitrade offers a diverse range of trading products, catering to various trading strategies and preferences. The key offerings include:

　　Forex: Mitrade provides access to over 60 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in various forex trading strategies.
　　CFDs: The broker offers a wide array of CFD products, including:
　　Indices: Traders can access popular indices such as the S&P 500, NASDAQ 100, and UK 100.
　　Commodities: Mitrade facilitates trading in commodities like gold, silver, oil, and agricultural products.
　　Shares: Clients can trade CFDs on shares from major markets, including US and Australian stocks.
　　Cryptocurrencies: Mitrade also provides access to a selection of cryptocurrencies, allowing traders to capitalize on this emerging market.

　　Mitrade continuously updates its product offerings, adding new instruments based on market demand and trading trends. The broker's focus on retail trading services ensures that individual traders can access a wide range of products without the need for extensive capital.

4. Trading Platform and Technology

　　Mitrade operates a proprietary trading platform designed to enhance the trading experience for its users. Here are some key features:

　　Platform Type: Mitrade does not support MetaTrader 4 or 5, focusing instead on its own web-based platform. This platform is designed to be user-friendly and intuitive, catering to both novice and experienced traders.
　　Web Platform: The Mitrade web trader allows users to access the platform directly from their browsers without the need for downloads. It includes advanced charting capabilities powered by TradingView, enabling traders to perform in-depth technical analysis.
　　Mobile Application: Mitrade offers a mobile app compatible with both iOS and Android devices. This app provides traders with the flexibility to manage their accounts and execute trades on the go.
　　Execution Model: The broker operates on a Market Making model, ensuring fast and reliable order execution. Mitrade emphasizes low latency in trade execution, which is crucial for effective trading.
　　Technical Infrastructure: Mitrade's trading infrastructure is designed to support high-frequency trading and ensure stability. The platform includes various order types and risk management tools, such as stop-loss and take-profit orders.
　　API Access: Currently, Mitrade does not offer API access or support for automated trading systems, which may limit options for algorithmic traders.

5. Account Types and Trading Conditions

　　Mitrade offers a straightforward account structure, primarily focusing on a Standard Account type. Here are the details:

　　Standard Account: This account type is available for all traders, with a minimum deposit requirement starting at $50. The account features competitive spreads, starting from 0.6 pips, and does not charge commissions on trades.
　　Leverage: Mitrade offers flexible leverage options, with a maximum of 1:200 available for certain products, depending on the regulatory entity governing the account.
　　Minimum Trade Size: The minimum trade size is 0.01 lots, allowing traders to start with small positions.
　　Overnight Fees: Mitrade applies overnight fees (swap rates) for positions held past a specified time, which varies by asset class.
　　Demo Account: A demo account is available, providing traders with a risk-free environment to practice trading strategies. This account is funded with virtual money, allowing users to familiarize themselves with the platform before trading live.

6. Funds Management

　　Mitrade provides a variety of deposit and withdrawal options to facilitate easy funding of trading accounts. Here are the key aspects:

　　Deposit Methods: Traders can fund their accounts using several methods, including:
　　Bank Transfer
　　Credit/Debit Cards
　　E-Wallets (such as Skrill and Neteller)
　　Minimum Deposit Requirement: The minimum deposit varies based on the account type and the region, starting from $50.
　　Deposit Processing Time: Most deposits are processed instantly, although bank transfers may take longer.
　　Withdrawal Methods: Withdrawals can be made through similar methods as deposits, including bank transfers and credit/debit cards.
　　Withdrawal Processing Time: Withdrawals typically take 3-5 business days, depending on the method used.
　　Fees: Mitrade does not charge fees for deposits and withdrawals; however, third-party fees may apply depending on the method chosen.

7. Customer Support and Educational Resources

　　Mitrade offers a range of customer support options and educational resources to assist traders:

　　Support Channels: Clients can reach customer support through various channels, including:
　　Email
　　Live Chat
　　Contact Form
　　Service Hours: Support is available 24/5, accommodating traders across different time zones.
　　Languages Supported: Mitrade provides customer support in multiple languages, including English, Chinese, Vietnamese, and more.
　　Educational Resources: The broker offers a variety of educational materials, including:
　　Video Tutorials
　　Webinars
　　Market Analysis Reports
　　Trading Guides
　　Market Analysis Services: Mitrade provides daily market insights, economic calendars, and trading signals to help traders make informed decisions.

8. Regional Coverage and Restrictions

　　Mitrade operates on a global scale but has certain restrictions in place:

　　Primary Service Markets: The broker serves clients from various countries, focusing on regions with a strong demand for forex and CFD trading.
　　Regional Offices: Mitrade has established offices in several countries, including Australia, Cyprus, the Cayman Islands, and Mauritius.
　　Restricted Countries: Mitrade does not accept clients from the following countries:
　　United States
　　Canada
　　Japan
　　New Zealand
　　Special Restrictions: The broker adheres to local laws and regulations, ensuring compliance in all operational territories.

　　In conclusion, Mitrade is a well-regulated and user-friendly forex broker that offers a wide range of trading products and services. With its proprietary platform and commitment to transparency, it provides a reliable trading environment for both novice and experienced traders.

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