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Reviewed by Mitrade General Information
Mitrade was born to fulfill a single vision – to simplify trading for global investors. Mitrade Global Pty Ltd is a Forex and CFD provider holding an Australian Financial Services License (AFSL:398528), which was granted in 2011 . Mitrade commenced business in Melbourne with a team of finance veterans and technology experts with a deep understanding of investors’ needs and strives to provide unrivalled trading conditions to its customers.
The founders – traders with more than 15 years of investment experience – were inspired by the inconvenient and complicated procedure associated with CFD trading. They believed that there was considerable demand for a tool to increase trading efficiency and make it seamless, hence the birth of Mitrade. After a massive restructure of the team and resources in 2019, a proprietary trading platform was finally developed to serve global customers.
Being one of the few in the industry with a self-developed trading platform, Mitrade’s app and WebTrader were embraced by the majority. This was proven by an increase of approximately 40,000 users in just 2019. With continuous upgrades to the platform’s interface for an enhanced user experience, Mitrade has now managed to provide the following superior services:
Mitrade Trading Platform
- Mitrade mobile app is completely compatible with iOS and Android systems;
- Mitrade WebTrader is supported on all operating systems.
Platform and Customer Service Multi-Language Support
24/5 online multi-language services including English, Vietnamese, Thai, Korean, Traditional Chinese and Simplified Chinese.
Competitive Trading Spreads
There are no hidden charges on Mitrade. Charges are transparent with no commission. Trader’s main cost of trading will be the spread and any potential overnight funding fees .
Mitrade provides close to 100 markets including Forex, Indices, Commodities and Cryptocurrencies.
Floating spreads trade from 0.4 pips.
Compliance As a Cornerstone
As a proponent on proper compliance, Mitrade complies with all regulations under the Australian Securities & Investments Commission (ASIC). The company’s CEO had been a compliance manager in the industry for many years, which reflects on their sense of reliability and vigilance.
Payment Support
- Visa, Mastercard, Skrill, Poli, Wired Bank Transfer
Advantages of Trading with Mitrade
- Includes risk management tools such as stop loss, trailing stop loss, and negative balance protection
- Fast trading execution from approximately 0.1 second
- Professional charting and analysis to help you keep a close eye on the rise and fall of the markets
- Instant updates such as real-time email, SMS and push notifications
The Mitrade team has decades of collective experience and is continuously growing. It will continue to keep abreast of the technological and industry changes to achieve a win-win situation with the investors.
Start trading with Mitrade by opening a risk-free demo account, which comes with a $50,000 virtual fund for traders to practise and formulate their best trading strategies.
