Mitrade Review · 2026

What is Mitrade?

Mitrade is a Melbourne-based multi-entity trading brand with a history dating to 2011. FXSharp identifies Melbourne, Australia as headquarters and an Australian company as the main operating entity. The group uses separate legal entities for different jurisdictions instead of one company serving every market. Its execution model is market maker, meaning the broker acts as principal to client trades. The product set centers on leveraged over-the-counter derivatives rather than ownership of the underlying assets.

Which regulators license Mitrade?

Mitrade's regulatory structure combines three verified registrations with three claims not confirmed in FXSharp's public-record check. The verification date is 19 September 2026, which is the review's reference date for licence status.

• ASIC (Australian Securities and Investments Commission): Mitrade Global Pty Ltd, AFSL 398528, verified.
• CySEC (Cyprus Securities and Exchange Commission): MiTrade EU Limited, CIF 438/23, verified.
• CIMA (Cayman Islands Monetary Authority): Mitrade Holding Ltd, SIB 1612446, verified.

Three additional licence claims were not verified in that scan. They were Mauritius FSC GB20025791, South African FSCA 54842, and UAE CMA 20200000397. CySEC clients can fall within Cyprus Investor Compensation Fund rules, subject to eligibility and statutory limits. ASIC issued an interim retail CFD and margin FX stop order on 2 June 2023. ASIC revoked it on 26 July 2023 after the firm addressed the stated concerns (source: ASIC, 2 June 2023; revocation 26 July 2023).

Trading platforms

Trading platforms are proprietary rather than MetaTrader or cTrader based. The broker lists WebTrader, Mobile, and Desktop, with no verified MT4, MT5, or cTrader support. A proprietary platform is software developed or controlled for the broker's own service. It differs from a third-party trading terminal used across many brokers. This setup keeps web, mobile, and desktop access within one product family. It removes compatibility with MetaTrader Expert Advisors and cTrader-specific automation.

WebTrader

WebTrader provides browser access without requiring a desktop installation. The platform belongs to the broker's own software stack and supports the same CFD-focused account model.

Mobile and desktop apps

Mobile and desktop applications extend the same account environment to phones and computers. FXSharp's research confirms both access methods but no MetaQuotes or Spotware server.

Account types

Account types are Standard, Pro, and Demo. Standard is the primary retail format, while Pro is listed as a separate account tier. No Islamic or swap-free account is listed, so that feature is not treated as confirmed. A swap is an overnight financing adjustment on a leveraged position kept open beyond daily rollover.

Standard account

The Standard account uses the proprietary platform family and spread-based pricing. FXSharp did not identify a separate per-lot trading commission for this account.

Pro account

The Pro account is listed as a distinct account type. FXSharp found no separate minimum deposit for this account and no complete instrument-by-instrument pricing schedule.

Demo account

The Demo account provides simulated trading access. The software record confirms demo capability, while the platform data does not establish MetaTrader-style server access.

What is the minimum deposit?

The minimum deposit is $20. A minimum deposit is the smallest initial funding amount listed for account use. It is not the capital required to support every possible position size. The $20 threshold is below the common $100 to $250 retail CFD entry band. Trading capacity still depends on instrument price, position size, and margin, the capital set aside for a leveraged trade.

Deposit and withdrawal methods

Deposit and withdrawal methods include bank transfer, Visa or Mastercard, PayID, Skrill, and Neteller. Availability can vary by jurisdiction because payment rails and regulated entities differ between countries. FXSharp found no universal withdrawal processing time that covers every method. A single timeline would therefore overstate the available evidence. Card and e-wallet transactions can also depend on identity checks, account-name matching, and payment-provider rules.

Tradeable instruments

Tradeable instruments include about 60 forex pairs plus share, index, commodity, exchange-traded fund, and cryptocurrency CFDs. A CFD (Contract for Difference) tracks an underlying market's price without transferring ownership of that asset. Share CFDs therefore do not create shareholder ownership. Crypto CFDs also do not deliver cryptocurrency to a wallet. The product range remains focused on leveraged derivatives rather than cash investing.

Spread and commission structure

Spread and commission structure starts from a quoted 0.4 pip spread. A spread is the gap between the bid and ask price. A pip is a standard forex price increment. Pricing is described as spread-based, and no separate main-account trading commission is listed. A minimum spread is not a guaranteed typical spread. Market conditions, liquidity, and trading hours can widen the live bid-ask gap.

Leverage and margin requirements

Leverage and margin requirements are shown as 1:30 / 1:200. Leverage means controlling a position larger than the margin posted for that trade. A 1:30 ratio permits 30 units of exposure for each unit of margin. A 1:200 ratio creates greater exposure and magnifies price movements further. The applicable limit depends on entity, account classification, instrument, and local regulatory rules.

Mobile app and trading experience

Mobile app and trading experience use the same proprietary product family as WebTrader and Desktop. The software record confirms native mobile availability but no MT4, MT5, or cTrader versions. This matters for users who depend on third-party indicators, Expert Advisors, or external platform plugins. Those ecosystems are not part of the verified setup. Account access, market monitoring, and order placement instead stay inside the broker's own applications.

Demo account and onboarding flow

Demo account and onboarding flow combine simulated access with jurisdiction-specific live account checks. A live account sits under the legal entity serving the client's jurisdiction. Regulation, leverage, and onboarding rules can therefore differ by location. The 2023 ASIC action concerned the firm's retail target-market assessment during onboarding. ASIC revoked that stop order on 26 July 2023 after the firm addressed the regulator's stated concerns.

Mitrade verdict: pros, cons, and the catch

Mitrade's verdict combines verified ASIC, CySEC, and CIMA registrations with a proprietary trading stack and $20 entry point. Platform choice is narrower because the verified setup excludes MT4, MT5, and cTrader. Three additional licence claims remained unverified in the 19 September 2026 public-record scan. The 2023 ASIC stop order remains part of the regulatory history, although ASIC later revoked it. The FXSharp score is 5.5/10, placing the broker in the protocol's mid-tier review band.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.