Mitrade Review

Overview

Mitrade is a legitimate, multi-regulated CFD broker with a simple proprietary trading platform, zero standard trading commissions and access to forex, commodities, indices, shares, ETFs and cryptocurrencies. Our verdict is positive for beginner and discretionary CFD traders, but less compelling for advanced traders who want MetaTrader 4, MetaTrader 5, cTrader, automated strategies or raw-spread pricing.

The biggest thing to understand before opening a Mitrade account is that you are generally trading over-the-counter derivatives, not buying the underlying shares, ETFs, currencies or cryptocurrencies. Mitrade states that clients do not own or hold an interest in the underlying assets and that the broker provides an execution-only service while acting as principal.

As of September 2026, Mitrade operates through regulated entities overseen by authorities including ASIC in Australia and CySEC in Cyprus. However, protections and trading conditions depend on the specific Mitrade company holding your account, so checking the legal entity is more useful than simply asking whether "Mitrade is regulated."

Mitrade review: the quick verdict

Choose Mitrade if you value a simple platform, commission-free CFD trading and one integrated trading environment. Look elsewhere if MetaTrader, algorithmic trading, raw spreads or direct ownership of investments are requirements.

Is Mitrade legit and regulated?

Yes. Mitrade operates through several regulated legal entities, including an Australian company holding AFSL 398528 and Mitrade EU Limited, which CySEC lists as a licensed Cyprus Investment Firm under licence 438/23.

Mitrade identifies these entities in its regulatory disclosures:

Mitrade's regulatory disclosures list these companies. CySEC's register independently confirms Mitrade EU Limited and licence 438/23. Australian government records also show Mitrade Global Pty Ltd as an active Australian company.

These entities do not provide identical protection. An Australian retail client, an EEA client and a customer served through an offshore company may face different leverage limits, rules and compensation arrangements. Your account agreement should identify the company providing the service.

Mitrade's ASIC regulatory history

ASIC issued an interim stop order against Mitrade Global Pty Ltd in June 2023. The order concerned how the company distributed CFDs and margin FX to its target market.

ASIC raised concerns about Mitrade's retail investor questionnaire, including how prospective customers could respond when their answers suggested that the products might not suit them.

ASIC revoked the stop order on 26 July 2023 after Mitrade addressed the regulator's concerns. The event concerned product design and distribution obligations. It was not an allegation that client funds were missing or that Mitrade was operating without a licence.

The stop order is part of Mitrade's compliance history and should be included in any balanced review. It does not mean that Mitrade is unregulated today.

Is Mitrade safe?

Mitrade has several meaningful safeguards, but trading with a regulated CFD broker should not be confused with holding cash in a bank or owning securities outright.

Mitrade states that retail client deposits are held separately from its operational funds and that negative balance protection is provided. The EU business also publishes documentation covering its Investor Compensation Fund arrangements.

The more important risk is the product itself. CFDs use leverage and can produce rapid losses. Mitrade EU currently states that 80% of retail investor accounts lose money when trading CFDs with this provider.

Regulation reduces certain counterparty and conduct risks. It does not turn leveraged CFD trading into a low-risk investment.

What can you trade with Mitrade?

Mitrade provides CFD exposure to several major asset classes:

• Forex currency pairs
• Commodities such as gold and oil
• Global stock indices
• Share CFDs
• ETF CFDs
• Cryptocurrency CFDs

The exact instruments available depend on your jurisdiction and Mitrade entity.

The distinction between trading an asset and trading a CFD based on that asset matters.

Buying an Apple share through a conventional stockbroker normally gives you ownership of the security. Opening an Apple position through Mitrade gives you exposure through an OTC derivative. Mitrade explicitly states that customers have no ownership interest in the underlying assets.

This makes Mitrade primarily a short-term and leveraged trading platform, not a conventional long-term investment account.

What are Mitrade's fees?

Mitrade uses a zero-commission, spread-based pricing model. The main costs are the bid-ask spread and, where applicable, overnight financing.

Zero commission does not mean zero cost. Mitrade earns through the difference between its buy and sell prices. Its spreads float, so the cost can change by instrument and market conditions.

Mitrade's fee page states that it may charge USD 10 per month on a dormant account after more than six months without trading activity or open positions.

Are Mitrade's spreads actually competitive?

It depends heavily on what you trade.

An independent FXEmpire test conducted on 5 January 2026 recorded the following spreads on a Mitrade Standard account:

These measurements are a point-in-time test rather than guaranteed future pricing, but they expose something more useful than simply calling Mitrade "cheap."

Mitrade was very competitive on EUR/USD in that test, while gold, Apple and particularly Bitcoin were more expensive than FXEmpire's comparison averages.

That means the right question is not "Does Mitrade have low spreads?" It is "Does Mitrade have low spreads on the instruments I actually trade?"

Check the live contract specification for your intended markets before funding an account.

What is the Mitrade trading platform like?

Mitrade uses its own proprietary platform rather than MetaTrader 4 or MetaTrader 5. The platform prioritises simplicity over extensibility.

Mitrade offers web, Windows, macOS, iOS and Android access. Its platform incorporates charting, technical indicators, market news, sentiment information and risk-management functions such as stop loss and trailing stop orders.

That approach has a genuine advantage for newer traders. You do not need to configure MetaTrader, install plugins or jump between separate applications simply to execute a trade and monitor basic technical analysis.

The trade-off is equally real.

Independent 2026 testing confirms that Mitrade does not offer MT4, MT5 or standalone TradingView execution.

That can make Mitrade unsuitable if your workflow relies on:

• MetaTrader Expert Advisors
• Automated trading strategies
• Custom MQL indicators
• Established MT4 or MT5 templates
• cTrader
• Advanced platform portability between brokers
• A raw-spread ECN-style account

Mitrade's proprietary platform is therefore a feature for some traders and a limitation for others.

Does Mitrade offer good risk-management tools?

Yes. Mitrade provides stop loss, take profit and trailing stop functions, along with negative balance protection for applicable accounts.

A normal stop loss does not guarantee execution at the exact price you request. Mitrade states that a market gap can cause an order to execute at the next available favourable price rather than at the original stop level.

This matters when you trade volatile markets or hold leveraged positions through major news events.

Mitrade deposits and withdrawals

Mitrade generally does not charge its own deposit or withdrawal fees. Banks, payment processors and currency conversion can still add costs.

Mitrade warns that intermediary bank charges, international card charges, transfers and unsupported currencies may create third-party fees.

Payment methods vary by region. They can include bank transfer, cards, Skrill, Neteller, PayID, Apple Pay and Google Pay in supported markets.

There is no single global minimum deposit. Independent reviews published in 2026 reported approximately AUD 100 for Australian clients, EUR 50 for European clients and USD 20 to 50 in some other markets, depending on the country and payment method.

Check the funding screen for your own Mitrade entity before relying on a published minimum.

Mitrade customer reviews

As of September 2026, Mitrade's Trustpilot profile displayed a 4.7 out of 5 rating from 2,709 reviews. Trustpilot showed 84% five-star reviews and 4% one-star reviews. Recent reviews often mentioned customer support and platform usability.

Those ratings are useful background information, but they are not proof of broker safety. Trustpilot states that Mitrade invites customers to leave reviews and has a paid Trustpilot subscription.

That does not make the reviews invalid. It does mean the rating should not carry the same weight as a regulatory register, enforcement record, withdrawal policy or live trading-cost comparison.

For Mitrade, the legal entity, client-money arrangements, withdrawal terms and instrument costs matter more than the star rating.

Mitrade pros and cons

What Mitrade does well

• Strong regulatory coverage: the Mitrade group operates licensed entities in Australia, Cyprus and several other jurisdictions.
• Simple pricing: standard trading is commission-free, with costs mainly contained in spreads and overnight financing.
• Accessible platform: the proprietary interface is easier to approach than many professional trading terminals.
• Broad CFD market coverage: forex, shares, indices, commodities, ETFs and cryptocurrencies can be accessed from one platform.
• Risk-management functionality: stop loss, take profit, trailing stops and negative balance protection are available.
• Demo trading: users can test the interface without immediately risking real capital.
• Client-money segregation: Mitrade states retail client deposits are separated from company operational funds.

Where Mitrade falls short

• No MT4 or MT5: a major limitation for traders already using the MetaTrader ecosystem.
• No direct asset ownership: Mitrade's products are OTC derivatives rather than conventional investments in the underlying assets.
• No raw-spread account: active forex traders may find raw-spread plus commission brokers more attractive.
• Pricing varies significantly by instrument: independent testing found excellent EUR/USD pricing but much less competitive Bitcoin and share CFD spreads.
• Overnight financing makes longer holding periods more expensive: this is inherent to many CFD products but relevant for anyone considering swing or longer-term positions.
• Dormancy fee: USD 10 per month can apply after more than six months of inactivity.
• Legal protections vary by entity: the regulator shown at group level is not necessarily the regulator governing your specific account.

Who is Mitrade best for?

Mitrade is best suited to newer or intermediate traders who want straightforward discretionary CFD trading without a complex trading terminal.

Mitrade may suit you if you:

• Want to trade forex or other CFDs manually
• Prefer a clean proprietary application
• Want zero standard commissions
• Trade instruments where Mitrade's live spreads are competitive
• Want integrated market information and basic technical-analysis tools
• Prefer a demo account before trading with real money

The platform fits a simple manual workflow: analyse a market, enter a position, set risk controls and manage the trade.

Who should avoid Mitrade?

Mitrade is a poor fit for traders who need advanced third-party infrastructure or ownership of real assets.

Consider another broker if you need: Mitrade's main global website states that its information is not intended for residents of the United States, Canada, Japan, New Zealand, the United Kingdom or the Philippines. The Mitrade EU service operates separately for eligible EEA customers and excludes certain jurisdictions.

• MetaTrader 4
• MetaTrader 5
• Expert Advisors or automated trading
• cTrader
• Raw-spread accounts
• Very low crypto CFD spreads
• Physical shares or ETFs rather than CFDs
• Long-term buy-and-hold investing
• A broker authorised for a country Mitrade does not serve

Check availability during registration. Do not assume that a Mitrade service available in one country is available under the same terms elsewhere.

Is Mitrade a scam?

The evidence does not support describing Mitrade as an unregulated scam broker. Mitrade operates through licensed entities, including an ASIC-regulated Australian company and a CySEC-regulated EU company.

The more useful question is whether the Mitrade entity available in your country provides the trading conditions and protections you want.

The 2023 ASIC stop order should be included in any serious review, but so should the outcome: ASIC revoked the order after Mitrade addressed the regulator's concerns.

That is a more accurate picture than either "Mitrade is completely risk-free" or "Mitrade is a scam."

Does Mitrade have MT4 or MT5?

No. Mitrade currently focuses on its proprietary trading platform instead of MetaTrader 4 and MetaTrader 5.

This is a significant limitation for traders who use Expert Advisors, custom MetaTrader indicators or an established MT4 or MT5 workflow.

Does Mitrade charge commission?

Mitrade does not normally charge a separate trading commission. Its main trading cost is the bid-ask spread, with overnight financing applying where relevant.

Always compare the complete trading cost rather than treating "zero commission" as equivalent to free trading.

Can you make money with Mitrade?

Mitrade provides trading infrastructure. It does not make trading profitable. Results depend on market movement, leverage, strategy, transaction costs and risk management. Mitrade EU states that 80% of retail investor accounts lose money when trading CFDs with the provider.

That figure is a better warning about the product than any claim about possible returns.

Final verdict: is Mitrade worth using?

Mitrade is worth considering for beginner and discretionary CFD traders who want a regulated broker, a straightforward proprietary platform and commission-free pricing.

It is less suitable for algorithmic traders, MetaTrader users, raw-spread forex traders and long-term investors who want to own shares or ETFs. The main strengths are the simple platform, broad CFD coverage, regulatory footprint and competitive pricing on selected instruments. The main weaknesses are the lack of MT4 and MT5, the derivative-only structure and less competitive costs on some markets.

Before opening an account, check:

1. Which Mitrade legal entity will hold your account. 2. The current spread and overnight rate for the instruments you intend to trade. 3. Whether the proprietary platform supports your trading workflow. If those conditions fit, Mitrade is a credible option. If you need MetaTrader, automated trading, raw spreads or direct ownership of investments, another broker is likely to suit you better.

CFDs are leveraged products and involve a high risk of loss. Trading conditions, product availability and regulatory protections vary by jurisdiction.