The minimum deposit amount required to register a live trading account with MiTrade is $1000. This minimum deposit is equivalent to R 16000 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing
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 Minimum Deposit – 8 key point quick overview:
MiTrade at a Glance- MiTrade Overview
- MiTrade Deposit fees and deposit methods
- A step-by-step guide to depositing the minimum amount to a MiTrade account.
- MiTrade Customer Reviews
- MiTrade Pros and Cons
- MiTrade Conclusion
- Frequently Asked Questions
MiTrade Overview
There is no minimum deposit requirement with MiTrade.
MiTrade is owned and operated by MiTrade Global Pty Ltd, and the company adheres to strict regulatory standards and is regulated through two regulatory bodies.
MiTrade Global is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence. MiTrade Holding is authorized and regulated by the Cayman Islands Monetary Authority (CIMA).
Due to the strict requirements of these regulatory bodies, client funds must be kept in an account with Top-Tier banks separate from the broker account. It can only be used by the traders for trading activities and not by the broker.
MiTrade Deposit fees and deposit methods
Since MiTrade does not require a minimum deposit, it is quite an attractive incentive for most traders, especially beginner traders.
The following payment methods can be used when making deposits with MiTrade:
- MasterCard
- Visa
- Neteller
- Skrill
- Moneybookers
- Poli
- Bank Wire Transfer
,
Deposit currencies that are accepted are:
- USD
- AUD
The broker does not charge any deposit fees when trading make use of any of the above-mentioned payment methods.
Traders should also ensure that they verify whether their own financial institution waives its own fees. These fees often depend on the payment method used as well as the amount which is deposited into the trading account.
A step-by-step guide to depositing the minimum amount to a MiTrade account.
1. Step 1 – Log into your registered account
Traders log into their personal area.
2. Step 2 – Select Deposit
Select the option for deposits, and follow the instructions. They should ensure that they select the correct deposit currency before they make a deposit. The broker does not accept third-party payments and traders must ensure they transfer funds in the same currency as the base currency of the trader’s account. If not, currency conversion fees may apply.
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, The minimum deposit amount required to register a live trading account with MiTrade is $1000. This minimum deposit is equivalent to R 16000 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing
You might also like: MiTrade Account Types
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You might also like: MiTrade Review
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
How can I deposit funds into a MiTrade account?
You can use any of the following methods: Online banking – within 1 business day, Visa/Mastercard – generally instant, ATM card – generally instant, e-Wallet (Skrill, Touch’GO, Boost, Momo – generally instant, Bank transfer – generally instant and QR Code payment – generally instant.
Is my money safe with MiTrade?
Yes, funds with MiTrade is safe as the broker is a licensed and regulated entity who follows all the best practices for the safety and security of their clients’ funds.
How much is the minimum amount required to open a MiTrade trading account?
The minimum deposit requirement is $1000 which is equivalent to R 16 000 ZAR at the current exchange rate at the time of writing.
How will funds withdrawn from MiTrade be returned?
Based on the withdrawal policy of MiTrade and your deposit history funds might be returned via: Bank Card (3-5 business days) or Bank account (within 3 business days).
Is there any fee for using the MiTrade platform?
MiTrade provides a commission-free trading platform. The cost of trading with MiTrade comes from low spreads which vary among the different markets. Overnight funding adjustments may apply when you hold positions overnight.
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