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Mitrade

Mitrade
Regulated By: Regulated by Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) No. 398528.
Headquarters: Level 17, 350 Queen Street, Melbourne, VIC 3000, Australia
Promotion: Special Rebate Promotions
4.6/5
Foundation Year: 2012
Min. Deposit: 100
Max Leverage: 1:200
Your money is at risk
Broker: Mitrade
Website: Visit Website
Country: Australia
Base Currencies: USD, AUD
Website Languages: English, Chinese, Vietnamese, Thailand, Korea, Bahasa Indonesia, Bahasa Melayu
Minimum Spreads: 0.3 Pips
Swap Free Acc: No
Acc Funding Methods: Bank transfer, credit card, Skrill, Neteller and More
Vip Accounts: No
Type Of Broker: ECN/STP
Mini Accounts: Yes
Acc Withdrawal Methods: Bank transfer, credit card, Skrill, Neteller and More
Segregated Acc: No
Islamic Accounts: Yes
Managed Accounts: No
Free Demo Acc: Yes
Trading Platform: Web-based Version, Mobile App
Web Trading: Yes
Hedging Scalping: Yes
News Trading: Yes
Mobile Trading: Yes
No Deposit Bonus: $50 Forex No Deposit Bonus
Welcome Bonus: Welcome Bonus Promotions
Telephone: No
Trading in Public: Yes
Tradable Options: Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures
Email/Skype: [email protected]
Fax: (Fax: No), (Email/Skype: [email protected] )

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Debra Jones

3 January, 2020 | 08:58:AM
I have been using Mitrade's trading app for a few months. It's very handy and I will keep using it!
5.0/5
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Dan Wilkes

9 January, 2020 | 02:45:PM
I’m gonna cover a couple of things in this review. The one thing I like most about trading on this app is the ability to set the ‘take profit’ and ‘stop loss’ options. They call it the risk management tools. After I open a position, I tend to let it run while I carry on with my other daily tasks. It always notifies me when the position is closed, and whether I’ve made a profit or a loss. This is super helpful because I don’t have to watch the prices too closely all the time. This also means that I can trade whatever I want literally anywhere as long as I have an active internet connection.

I receive notifications occasionally from Mitrade on the trends to look out for, and I have made a few good bucks from that (thanks, Mitrade team). In addition, their social media channels also offer daily/weekly updates, which cover trading tips and market news. I like that there are also real-time forex and indices prices, as well as news and economic calendar on the app’s home page – all at one glance!

The other thing I like is how easy it is to use this platform. It is easy to deposit and withdraw my money, it is easy to open and close a position, the charts are easy to read. Ease begets efficiency.

As for the security of the money, Mitrade is regulated by ASIC. I have confidence in ASIC and the Australian law, which means I’m confident that Mitrade is doing a good job at keeping their clients’ money secure. The fact that the broker doesn’t use our money for hedging or other funny business give me peace of mind when I trade. I did a little research online and found out that Mitrade got their licence in 2011 and underwent a massive restructure last year to develop a proprietary trading platform, which is pretty impressive given the time and money needed to create their own instead of using MT4 or MT5. I believe this gives them more flexibility and control over their platform. Amazing!

For those who seek only recognised brands, Mitrade has been awarded ‘Fastest Growing Broker Australia 2019’ by International Business Magazine, which is admirable for a brand that has expanded its database to over 40,000 users in a short span of time. This is a reflection on the platform’s usability and good branding.

One thing to improve on – I wish there were more promotions and interesting events so users can have something to look forward to from time to time.

There are numerous brokers and platforms out there and having tried a number of them, I would say that Mitrade is one of the best platforms I’ve ever used. I find that Mitrade is an all-rounder when it comes to the app and as a broker. Not sure about how the other feels but Mitrade is good enough for me.
5.0/5
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Tsai Jing Hua

16 January, 2020 | 01:30:PM
I switched to Mitrade from other forex brokers about 4 months ago and I’m quite happy with the service they are providing. The app is pretty stable and you get analysis on different markets weekly once you signed up with them.
4.0/5
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Tom MacKenzie

29 January, 2020 | 02:54:PM
The Mitrade app interface is clear and user-friendly. It is especially good for beginners who are unsure of how to navigate a trading platform. I’d certainly recommend this to fellow forex traders.
4.0/5
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Seb Miller

31 January, 2020 | 03:53:PM
If security is your top priority when choosing a broker, then don’t hesitate and go for Mitrade. They are regulated by ASIC like other giants in the market. But one thing that sets Mitrade apart is their speedy customer service. All my messages and requests sent on their LiveChat got answered pretty quickly. Highly recommend.
5.0/5