Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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.
Mitrade, also known as Mitrade.eu, is an international broker providing access to a wide range of trading instruments, including Forex, commodities, indices, stocks, ETFs, and cryptocurrencies. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC) of Mauritius. Mitrade offers advanced trading platforms, educational materials, 24/7 client support, and several account types, providing comfortable conditions for traders.
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
Mitrade User Reviews
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5-star
33%
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4-star
0%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The 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, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.8 0.1 0.7 EUR/USD max, pips 1.7 0.5 1.2 GPB/USD min, pips 1.4 0.1 0.9 GPB/USD max, pips 2.8 0.5 1.4 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 OANDA FOREX.com 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 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Mitrade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.9 /10Mitrade 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 YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.1.9 /10Mitrade 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.
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- Standard account with balanced trading conditions
- Micro lots are not available
- No Cent account
Mitrade account types vs top competitors Mitrade Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP YesNoNoManaged NoNoNoMitrade 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:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10Mitrade 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.
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- PayPal not supported
- BTC not available as a base account currency
- USDT payments not accepted
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat 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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10Mitrade offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 60 Forex pairs.
- Indices trading
- 60 supported currency pairs
- ETFs investing
- Copy trading 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 Trading.com Plus500 Currency pairs 60 69 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 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto 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. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Mitrade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We 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.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Mitrade account opening Mitrade Trading.com Plus500 Online Registration YesYesYesMinimum deposit $50 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 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.
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Customer Support
Score:We evaluated Customer Support at Mitrade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7 /10Mitrade 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.
InformationMitrade 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
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FAQs
How do regulation and safety measures for Mitrade protect client funds?
Mitrade has a safety score of 8.9/10, which corresponds to a high security level in this review. It is regulated by Tier-1 authorities CySEC (with an investor compensation fund up to €20,000) and ASIC, and also holds Tier-3 regulation from FSC Mauritius and CIMA, while offering negative balance protection and mandatory KYC. The broker’s track record is noted as less than 8 years, and the exact foundation date is not specified in the section.
What account types and minimum deposits are described for Mitrade in this review?
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. The Standard account is listed with a $50 minimum deposit, Premium with $500, and VIP with $5,000, and clients can open multiple account types. A Swap Free or ECN/Raw spread account is not available according to this section, and some information about the Standard account appears inconsistent within the text.
What do user reviews say about overall satisfaction with Mitrade?
The user satisfaction score for Mitrade is 7.3/10 based on 3 reviews, with 33% of ratings at 5 stars and 67% at 3 stars. This distribution indicates a mixed overall impression, with no 1- or 2-star ratings reported. According to user reviews, experiences are neither strongly positive nor strongly negative in this sample.
Which markets and tradable assets are covered in reviews of Mitrade’s offering?
The section states that Mitrade provides access to 400 total assets, including 60 forex pairs, along with commodity futures, cryptocurrencies, and stock indices. It also mentions ETFs as an available investment option, while stocks, options, bonds, copy trading, PAMM investing, and managed accounts are not offered. Reviews in this section describe the asset selection as limited compared to the market average and note that copy trading is not available.
What do reviews say about opening a trading account with Mitrade?
The review notes that Mitrade’s account opening process is fully online, with registration taking about 20 minutes and KYC verification completed in 2 business days. The minimum deposit is $50, and the process is described as accessible, though it may take longer depending on documentation. Specific user feedback or comments about the onboarding experience beyond these timings are not provided in this section.
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