Mitrade
Rating: 4.2 / 5Mitrade is an award-winning, ASIC-regulated broker that excels in providing a simple and intuitive trading experience. Its proprietary platform is clean, user-friendly, and perfect for beginners who may feel overwhelmed by more complex systems like MT4/MT5. While it lacks advanced features like copy trading and automated signals, its commission-free structure, low minimum deposit, and strong regulatory oversight make it a secure and cost-effective choice for self-directed traders.
Mitrade is an award-winning, ASIC-regulated broker that excels in providing a simple and intuitive trading experience. Its proprietary platform is clean, user-friendly, and perfect for beginners who may feel overwhelmed by more complex systems like MT4/MT5. While it lacks advanced features like copy trading and automated signals, its commission-free structure, low minimum deposit, and strong regulatory oversight make it a secure and cost-effective choice for self-directed traders.
Broker Details
- Headquarters
- Australia
- Established
- 2011
- Min Deposit
- $50
- Execution
- Market Maker
- Regulators
- ASIC, CIMA, FSC Mauritius
Trading Conditions
- Retail Loss Rate
- 72% for its ASIC entitie
- Min Raw Spreads
- 0.0 pips
- Min Standard Spreads
- 1.2
- Min Forex Commission
- no commission
Accounts & Funding
- Funding Methods
- 5+
- Deposit Fees
- No
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 1 pips
- GBP/USD
- 1.2 pips
- Gold
- 0.35 points
- Bitcoin
- 100 dollars
- WTI Crude
- 0.05 Pips
- Inactivity Fee
- 10 EUR/USD/GBP per month. This fee is applied to an account if there has been no trading activity for a period of six consecutive months.
Platform & Features
- Trading Platforms
- Web-based
Pros
- Zero commission on all trades
- User-friendly proprietary trading platform
- Strong regulation, including ASIC
Cons
- No social or copy trading features
- Does not support MT4 or MT5 platforms
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