MiTRADE · Australia
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
License Type:Market Making(MM)
Regulated in Country/AreaAustralia
Regulatory License No.：398528
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Level 13, 350 Queen Street, MELBOURNE VIC 3000
Phone Number of Licensed Institution :396060033
Most visited countries/areas
The data are from WIKI Research 2021.09.21 updated
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MiTRADE · Australia
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General Information & Regulation
Mitrade is a brand jointly used by multiple companies and it operates through the following companies: Mitrade Holding Ltd is the issuer of the financial products that are described or available on this website. Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446. The registered office address is Buckingham Square, Phase II, 2nd Fl, 720 West Bay Road, George Town, Grand Cayman, Cayman Islands. Mitrade Global Pty Ltd's licence number is ABN 90 149 011 361 and it holds an Australian Financial Services Licence (AFSL 398528).
Investors can trade over 100 financial instruments through the Mitrade platform, including popular currency pairs in the foreign exchange market, indices, commodities, stocks, cryptocurrencies, etc.
Mitrade Minimum Deposit
When it comes to the initial deposit for starting an account, there is no minimum amount for any deposits into a Mitrade account, a good news as most brokers ask for an initial deposit of around 200 USD.
Mitrade, being a typical Australia brokers, offers the trading leverage as high as 1:200. Inexperienced traders are advised to stay away from high leverage, as it can magnify returns but also risks.
Spreads & Commissions
Mitrade offers floating spreads. The spread on EURUSD start from 1 pip, spread on EURGBP from 1.4 pips, spread on UKOIL and USOIL around 0.06 pips, spread on XAUUSD from 0.44 pips, XAGUSD spread from 0.3 pips.
Mitrade offers traders its own trading platform instead of the MT4/MT5 trading platform. The Mitrade trading platform was created by traders and features a clear, intuitive, and easy-to-use interface, as well as numerous powerful technical indicators.
Deposit and Withdrawal
Mitrade supports traders to deposit and withdraw funds from their Mitrade accounts via wire transfer, bank transfer, VISA, MasterCard, Skrill, POLi.
Mitrade Customer Support
Mitrade offers customer support service with a team of dedicated professionals. They can be reached via email. You can also fill out the ‘contact us’ form on the broker‘s website, and a customer support specialist will attend to you as soon as possible. Traders can also visit the team at their office in Melbourne. Mitrade is also available on social media: Instagram, Facebook, Twitter, and LinkedIn. Unfortunately, we didn’t see any contact telephone number on the brokers website.
Mitrade allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. But they specifically state they do not offer their online trading services to residents of certain jurisdictions, such as the United States, Canada, Japan, New Zealand, or any country where its use would be contrary to local laws or regulations.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.