MiTrade Fees, Spreads, and Commission vary according to the account type the trader uses. MiTrade spread list starts from 0.08 pips. Leverage ranging from 1:200. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $1000 USD / R16000 ZAR.
MiTrade at a Glance
| Broker's Name | Mitrade |
| 🏛️ Headquarters | Melbourne, Australia |
| 📅 Year Founded | 1992 |
| ⚖️ Regulating Authorities | ASIC |
| ⏳ SIB | license number is 1612446. |
| 🌐 Countries not accepted for trade | The United States of America, Canada and Japan |
| 📌 Accounts | Standard Live Account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:200 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $1000 USD / R16000 ZAR |
| Spread | floating spreads, with the actual spread depending on the type of product |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Skrill, Moneybookers, Poli, Visa, Mastercard and Wire Transfer |
| 💳 Withdrawal Options | Skrill, Moneybookers, Poli, Visa, Mastercard and Wire Transfer |
| 📊 Platform Types | Mitrade’s own web based platform and their own mobile platform |
| 📶 OS Compatibility | Yes, both mobile and pc |
| 📈 Tradable assets offered | 60 currency pairs, CFDs, Commodities, 11 indices and Cryptocurrencies |
| 💬 Languages supported on Website | English, Chinese simplified, Chinese traditional, Korean, Thai and Vietnamese |
| 💬 Customer Support Languages | English, Chinese simplified, Chinese traditional, Korean, Thai and Vietnamese |
| ⏲️ Customer Service Hours | 24hrs a day, seven days a week. |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 1000
Regulators
ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our MiTrade below.
MiTrade Fees, Spreads and Commissions – 8 key point quick overview:
MiTrade at a Glance- MiTrade Overview
- MiTrade Additional Trading Fees
- MiTrade Broker Fees
- MiTrade Customer Reviews
- MiTrade Pros and Cons
- MiTrade Conclusion
- Frequently Asked Questions
MiTrade Overview
MiTrade offers spread starting from 0.8 pips on EUR/USD.
The broker is committed to being transparent with no hidden charges or fees. As part of the heightened customer experience with MiTrade, the broker tries to provide customers with a more cost-effective trading service.
The spread list and fee schedule which is offered by MiTrade is transparent as well as competitive and the cost of trading is in the spreads as well as any potential overnight funding fees.
Prices on the tight spreads offered by the broker vary throughout the day depending on factors such as available liquidity, market forces, volatility, the trading instrument, and the trading session.
MiTrade Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that swap fees or overnight fees will be charged when positions are held for longer than a normal trading day.
This is no different when traders hold positions with MiTrade through the settlement time. Overnight funding adjustment will be added to your account.
Depending on the product you are trading and the direction of your trade, whether you are buying or selling, overnight fees will be debited or credited to your account.
For more information on overnight funding products for the day go to the information section beneath the charts on the broker’s webtrader or mobile app.
MiTrade does not offer spread betting and thus spread betting fees do not apply.
MiTrade Broker Fees
With MiTrade there are no deposit fees or withdrawal fees charged. Clients should, however, ensure that there could be other charges for withdrawals that are outside MiTrade’s control.
These are fees such as intermediary bank fees, international credit card transactions, bank account transfers, and when using a different account currency as the base currency.
More information on fee deposits or withdrawals can be found when contacting customer services. Traders also need to ensure that there are no additional charges from their own financial institutions that they use.
Currency conversion fees also apply should traders transfer fees in a currency that is different from their account base currency.
MiTrade Customer Reviews
It ‘s good App
It ‘s good App. I like very much.
very good company
very good company, found a brokerage that stands behind their promise
Good trading app
Easy job, I can try to make money with the trading bonus MiTrade app. thank you. s.
MiTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated by ASIC | Only one trading platform, no MT4 |
| High level of online support | No trading bonus for loyal customers |
| Competitive transaction costs | No welcome bonus, deposit bonus, and no other broker bonuses are offered with first time sign up |
| Offers a referral bonus | Demo account expires after 90-day |
| Offers competitive and attractive trading conditions | Only one live account type offered |
| Demo account sign-up fully digital | No Islamic Account offered |
| In-house platform offered | Conversion fees charged |
| Sign-up is completed in minutes | Currency conversion fees may apply |
| Strictly regulated | |
| 24/7 online customer support offered | |
| Commission-free trading offered | |
| No hidden costs | |
| Offers educational tools | |
| Offers research tools | |
| Regulated through ASIC and CIMA | |
| Segregated client funds used | |
| The proprietary trading platform offered | |
| Competitive trading conditions | |
| Offer tight spreads |
MiTrade Conclusion
Overall, MiTrade Fees, Spreads, and Commission vary according to the account type the trader uses. MiTrade spread list starts from 0.08 pips. Leverage ranging from 1:200. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $1000 USD / R16000 ZAR.
You might also like: MiTrade Account Types
You might also like: MiTrade Demo Account
You might also like: MiTrade Review
You might also like: MiTrade Minimum Deposit
You might also like: MiTrade Sign Up Bonus
Min Deposit
USD 1000
Regulators
ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Does MiTrade have any hidden fees traders should know about?
MiTrade states that they offer their customers a transparent and cost-effective service with no hidden fees or charges.
Does MiTrade charge overnight fees?
Yes, the broker charges overnight funding fees on positions that are held open past settlement time.
Does MiTrade charge deposit and withdrawal fees?
MiTrade does not charge any fees for deposits and/or withdrawals in most cases. Fees and costs outside of MiTrade’s control might apply, etc. intermediary bank fees.
What spreads can I expect with MiTrade?
You can expect tight spreads which start from 0.8 on EUR/USD.
Does MiTrade charge a commission?
No, MiTrade does not charge trading commissions to current or new traders.
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