MiTrade does not provide new traders with a Sign Up Bonus also known as a Welcome bonus. When traders make their first deposit or routine deposits, they are not given a deposit bonus which provides them a percentage back as trading credit.
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 Sign Up Bonus – 8 key point quick overview:
MiTrade at a Glance- MiTrade Overview
- MiTrade Referral Bonus
- MiTrade Additional bonuses, promotions, and rewards
- MiTrade Customer Reviews
- MiTrade Pros and Cons
- MiTrade Conclusion
- Frequently Asked Questions
MiTrade Overview
With MiTrade, there is no sign-up bonus offered.
To open and register a real account with MiTrade, no sign-up bonus, deposit bonus, or welcome bonus is offered to traders.
These bonus offers by brokers is usually an attempt to draw new customers to partake in trading activities with a specific broker. These welcome bonuses are usually a way through which traders will receive some money back, and the amount will depend on the initial deposit made by the trader.
Even though MiTrade does not offer bonuses, rewards, or any other promotions, the broker still offers attractive trading conditions.
MiTrade Referral Bonus
Referral bonuses are another way to attract traders to register with a specific broker. This is a bonus type offered by MiTrade and new or existing traders who make use of the products and services offered by the broker can qualify for a referral bonus.
Usually, a referral bonus comes with strict criteria that will have to be fulfilled before the trader can benefit from referring anyone. When traders refer a friend or family member, both can earn up to $ 500.
This comes with strict criteria that must be adhered to:
- The referral bonus is only applicable should referrals register a real account. These bonuses are not available when using a demo account.
- The trader needs to use a referral link that must be provided to the referral who must first register a real account with the broker with the link.
- A minimum deposit amount of $ 1 must be made by the referral and a certain number of trades needs to be executed on the new account.
There is also a limited time in which referral bonuses may be utilized by traders. For more clarity on the criteria offered by MiTrade, navigate to the broker’s website where the criteria are stipulated.
MiTrade Additional bonuses, promotions, and rewards
Some brokers offer additional bonuses, and promotions or have a rewards program offered to their loyal customers.
Unfortunately, MiTrade does not offer any trading bonuses or promotions and there are no initiatives to reward loyal customers.
These bonuses and promotions serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.
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 does not provide new traders with a Sign Up Bonus also known as a Welcome bonus. When traders make their first deposit or routine deposits, they are not given a deposit bonus which provides them a percentage back as trading credit.
Bonuses are a sure way to ensure that a broker attracts new traders in signing up and registering a real account.
With MiTrade, only a referral bonus is offered. The broker does not offer any other bonuses to new or loyal customers. This should not dishearten new clients to sign up with the broker since the MiTrade is a regulated and reputable broker which offers competitive services and solutions to traders despite their trading needs, objectives, experience, or trading styles.
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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 a Partner/ Affiliate/ program?
Yes, MiTrade is major player in the forex market with more than 800 000 users worldwide and becoming a partner with MiTrade is a great way to supplement your income.
Does Mitrade reward customers for opening a live trading account?
No, although MiTrade had bonus offerings from time to time for signing up/trading with them, at the time of writing, our research did not reveal any bonus reward for customers who sign up for a live trading account.
Will I receive a bonus if I refer a friend or family to MiTrade?
MiTrade does not provide referral bonuses.
Which platforms are supported by MiTrade?
MiTrade supports their own web-based an mobile platform.
What are the Customer service hours for MiTrade?
Customers service is available 24/7.
