Mitrade Review 2026

Item: Mitrade
Rating: 5.73
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 14, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $50
Fees 5 /10
Account types 1.9 /10
Regulation 8.9 /10

5.7 /10

Moderate risk

Mitrade User Reviews 7.3
Commissions and Fees 5.0
Regulation and Safety 8.9
Account Types 1.9
Deposit and Withdrawal 6.5
Markets and Tradable Assets 5.8
Trading Account Opening 8.0
Customer Support 7.0

Mitrade Pros & Cons

ASIC and FSC regulation;
Variety of trading instruments;
Competitive spreads starting from 0 pips;
High leverage up to 1:200;
Support for the Mitrade platform accessible across multiple devices;
Educational resources, including webinars, articles, and videos;
24/7 multilingual support.

Limited choice of account types;
Potentially high minimum deposit requirements.

TU Expert Verdict

Mitrade demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

Mitrade User Reviews

Score:

7.3 /10

3 total

5-star

33%
4-star

0%
3-star

67%
2-star

0%
1-star

0%

I was looking for a broker providing access to all the trading instruments and platforms I needed, and Mitrade proved to be the perfect fit. It offers competitive spreads starting from 0 pips, and leverage up to 1:200. The Mitrade trading platform is available on various devices, enabling flexible trading. I can choose from a variety of currency pairs, commodities, indices, and cryptocurrencies. Furthermore, the broker provides extensive educational resources, helping me improve my skills.

I needed a broker with low fees for small trade sizes. Mitrade offers competitive conditions with a minimum deposit of just $50 for the Standard account and fee-free deposits and withdrawals. I also appreciate ASIC and FSC regulation, which adds to the security of my funds. The availability of a user-friendly web platform and mobile app makes the trading process convenient and flexible.

Mitrade offers fast processing for both deposits and withdrawals. Over the past two years of trading here, I've become familiar with its trading conditions. I always fund my account in advance, usually in the morning. The range of available assets is appealing, as I combine Forex trading with cryptocurrencies. Mitrade provides competitive trading conditions, including tight spreads and fast order execution. Additionally, its client support is available 24/7 and helps resolve any issues.

Make your review professional!

In order to send a review as a PRO, fill out all fields of the form.

What's in it for you?

This review will be posted higher on the list than others.
More users will be able to see your review.
Your review will be marked as "PRO".

Add your photo:

Available JPG or PNG Change

Rate the company:

Each star gives 2 points to the company's score.

POINT OUT THE ADVANTAGES OF THE COMPANY

Point out its weaknesses

Your Name

Social media link:

Leave a message:

Add your image or video:

Commissions and Fees

Score:

5 /10

The trading and non-trading commissions of Mitrade have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

No inactivity fee
No deposit fee
No withdrawal fee

Above-average Forex trading fees
No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Mitrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Mitrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Mitrade Standard spreads
	Mitrade	ZForex	OANDA
EUR/USD min, pips	0.8	0.1	0.1
EUR/USD max, pips	1.7	0.4	0.5
GPB/USD min, pips	1.4	0.2	0.1
GPB/USD max, pips	2.8	0.6	0.5

Does Mitrade support RAW/ECN accounts?

As we discovered, Mitrade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Mitrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Mitrade Non-Trading Fees
	Mitrade	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is Mitrade Safe?

Score:

8.9 /10

Mitrade has a safety score of 8.9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection

Track record of less than 8 years

Mitrade Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
CySec	Full Name Cyprus Securities and Exchange Commission	Country of regulation Cyprus	Investor Protection Fund Up to €20,000	Regulation Level Tier-1
ASIC	Full Name Australian Securities and Investments Commission	Country of regulation Australia	Investor Protection Fund No specific fund but has stringent consumer protection	Regulation Level Tier-1
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation CIMA	Full Name Cayman Islands Monetary Authority	Country of regulation Cayman Islands	Investor Protection Fund No specific fund	Regulation Level Tier-3

Mitrade Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

1.9 /10

Mitrade offers the following account options: Demo, Standard, VIP.

However, Mitrade does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.

Standard account with balanced trading conditions
Low minimum deposit
Demo account

No Cent account
No Swap Free account

Mitrade account types vs top competitors
	Mitrade	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	Yes	No	No
Managed	No	No	No

Mitrade accounts trading conditions

Mitrade offers a variety of account types, each tailored to specific trading preferences and asset classes. Clients can open multiple account types.

Account Type	Description
Standard	With a minimum deposit of $50 and spreads starting at 0 pips, this account type suits novice traders.
Premium	It is tailored for experienced traders. The minimum deposit is $500 and spreads start at 0 pips.
VIP	The minimum deposit is $5,000. Spreads start at 0 pips. It is suitable for large investors.

Deposit and Withdrawal

Score:

6.5 /10

Mitrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Mitrade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

No withdrawal fee
Minimum deposit below industry average
No deposit fee
Low minimum withdrawal requirement

Limited deposit and withdrawal flexibility, leading to higher costs
Wise not supported
Only major base currencies available

What are Mitrade deposit and withdrawal options?

Mitrade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.

Mitrade Deposit and Withdrawal Methods vs Competitors
	Mitrade	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	Yes	No

What are Mitrade base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Mitrade supports the following base account currencies: USD, EUR, GBP, AUD.

What are Mitrade's minimum deposit and withdrawal amounts?

The minimum deposit on Mitrade is $50, while the minimum withdrawal amount is 20-50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Mitrade’s support team.

Markets and Tradable Assets

Score:

5.8 /10

Mitrade offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 60 Forex pairs.

Crypto trading
60 supported currency pairs
Indices trading

Bonds not available
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Mitrade with its competitors, making it easier for you to find the perfect fit.

	Mitrade	ZForex	Plus500
Currency pairs	60	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	400	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products Mitrade offers for beginner traders and investors who prefer not to engage in active trading.

	Mitrade	ZForex	Plus500
Bonds	No	No	No
ETFs	Yes	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with Mitrade in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Mitrade is $50.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fully online account opening process

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

Mitrade account opening
	Mitrade	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$50	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is Mitrade available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To log in to the Mitrade website, a username and password are required. Create a user account online by following a few simple steps:

Choose the account type that best suits your investment goals and strategies, and click the button to open it.
Provide your personal information in the account opening form. Also, create a password for your first login to your user account. Remember to change your password every three months. Finally, upload documents verifying your identity and address.

Customer Support

Score:

7 /10

Mitrade provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.

In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.

Information

Mitrade provides 24/7 client support.

Multilingual client support, including English, Chinese, and Spanish
Call center is available
Multiple communication channels are offered

Online support may be limited during peak hours
The broker's office can only be visited by appointment

Available communication channels include:

Hotline;
Email;
Feedback form;
Live chat;
Visit to the office.

Vida Markets provides support to both existing clients and potential investors, even those who do not currently have active accounts.

Contacts
Registration address	Level 13, 350 Queen Street, Melbourne VIC 3000, Australia
Regulation	ASIC, FSC
Official site	https://www.mitrade.com/
Contacts	support@mitrade.com +61 3 9069 1950

Best Mitrade Alternatives

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How do reviews describe Mitrade’s regulation, safety measures, and investor protection?

Reviews note that Mitrade has a safety score of 8.9/10, which corresponds to a high security level in this assessment. The broker is regulated by Tier-1 authorities CySEC and ASIC, and also holds Tier-3 regulation from FSC (Mauritius) and CIMA, with features such as negative balance protection and mandatory KYC. The review also highlights that Mitrade’s track record is less than 8 years and that the foundation date is not specified.

What do reviews say about Mitrade’s trading and non-trading fees?

According to the review, Mitrade’s overall fee level is rated as medium, with a commissions and fees score of 5/10. Standard account spreads are floating, with EUR/USD typically ranging from 0.8 to 1.7 pips and GBP/USD from 1.4 to 2.8 pips, and the broker does not offer RAW/ECN accounts. Reviews also note that there are no inactivity, deposit, or withdrawal fees listed for Mitrade in this section.

What account types are available with Mitrade and what conditions are mentioned in reviews?

The review states that Mitrade offers Demo, Standard, and VIP accounts, and also describes Standard, Premium, and VIP accounts with different minimum deposits and spreads starting from 0 pips. It highlights advantages such as a demo account, an exclusive VIP account, and a low minimum deposit, while noting the absence of Cent, Swap Free, Micro, ECN/Raw spread, and Managed accounts. The minimum deposits mentioned are $50 for Standard, $500 for Premium, and $5,000 for VIP accounts.

What deposit and withdrawal options and limits are mentioned in reviews of Mitrade?

Reviews indicate that Mitrade supports bank cards, bank wire transfers, Skrill, and Neteller for deposits and withdrawals, with a minimum deposit of $50. The minimum withdrawal amount is stated as 20–50 (currency not specified), and the broker does not accept BTC or USDT payments. The review also notes that only major base currencies (USD, EUR, GBP, AUD) are available and that the minimum withdrawal requirement is relatively low.

What do reviews and feedback say about opening a trading account with Mitrade?

The review reports that opening an account with Mitrade is fully online, with registration taking about 20 minutes and KYC verification around 2 business days. It mentions a low minimum deposit of $50 and mandatory KYC, while also noting that registration and approval may sometimes take longer depending on the documentation provided. The process includes choosing an account type, submitting personal information, creating login credentials, and uploading identity and address documents.