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    MiTRADE

    10-15 years
    |
    Regulated in Australia
    |
    Market Making(MM)
    |
    Non MT4/5 Software

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    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!

    License Index

    8.11

    Business Index

    8.04

    Risk Management Index

    0.00

    Software Index

    7.30

    Regulatory Index

    8.08

    Licenses

    Australia Securities & Investment Commission

    Market Making(MM)

    ASIC Regulated

    Overview

    • Company Name:

      Mitrade Global Pty Ltd
    • Company Abbreviation:

      MiTRADE
    • Place of registration:

      MiTRADEAustralia
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      cs@mitrade.com
    • Customer Service Phone Number:

      --
    • Company summary

      GeneralInformation&RegulationMitradeisabrandjointlyusedbymultiplecompaniesanditoperatesthroughthefollowingcompanies:MitradeHoldingLtdistheissuerofthefinancialproductsthataredescribedoravailableonthiswebsite.MitradeHoldingisauthorisedandregulatedbyCaymanIslandsMonetaryAuthority(CIMA)andtheSIBlicencenumberis1612446.TheregisteredofficeaddressisBuckinghamSquare,PhaseII,2ndFl,720WestBayRoad,GeorgeTown,GrandCayman,CaymanIslands.MitradeGlobalPtyLtd'slicencenumberisABN90149011361anditholdsanAustralianFinancialServicesLicence(AFSL398528).MarketInstrumentsInvestorscantradeover100financialinstrumentsthroughtheMitradeplatform,includingpopularcurrencypairsintheforeignexchangemarket,indices,commodities,stocks,cryptocurrencies,etc.MitradeMinimumDepositWhenitcomestotheinitialdepositforstartinganaccount,thereisnominimumamountforanydepositsintoaMitradeaccount,agoodnewsasmostbrokersaskforaninitialdepositofaround200USD.MitradeLeverageMitrade,beingatypicalAustraliabrokers,offersthetradingleverageashighas1:200.Inexperiencedtradersareadvisedtostayawayfromhighleverage,asitcanmagnifyreturnsbutalsorisks.Spreads&CommissionsMitradeoffersfloatingspreads.ThespreadonEURUSDstartfrom1pip,spreadonEURGBPfrom1.4pips,spreadonUKOILandUSOILaround0.06pips,spreadonXAUUSDfrom0.44pips,XAGUSDspreadfrom0.3pips.TradingplatformMitradeofferstradersitsowntradingplatforminsteadoftheMT4/MT5tradingplatform.TheMitradetradingplatformwascreatedbytradersandfeaturesaclear,intuitive,andeasy-to-useinterface,aswellasnumerouspowerfultechnicalindicators.DepositandWithdrawalMitradesupportstraderstodepositandwithdrawfundsfromtheirMitradeaccountsviawiretransfer,banktransfer,VISA,MasterCard,Skrill,POLi.MitradeCustomerSupportMitradeofferscustomersupportservicewithateamofdedicatedprofessionals.Theycanbereachedviaemail.Youcanalsofilloutthe‘contactus’formonthebroker‘swebsite,andacustomersupportspecialistwillattendtoyouassoonaspossible.TraderscanalsovisittheteamattheirofficeinMelbourne.Mitradeisalsoavailableonsocialmedia:Instagram,Facebook,Twitter,andLinkedIn.Unfortunately,wedidn’tseeanycontacttelephonenumberonthebrokerswebsite.AccpetedRegionsMitradeallowstradersfromdifferentpartsoftheworldtoopenanaccountwiththemiftheircountriesofresidencepermitonlinetradingwithinternationalbrokers.Buttheyspecificallystatetheydonotoffertheironlinetradingservicestoresidentsofcertainjurisdictions,suchastheUnitedStates,Canada,Japan,NewZealand,oranycountrywhereitsusewouldbecontrarytolocallawsorregulations. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.09.21 Risk: 2 Item

    • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • Current data shows that this broker is using Non MT4/5 Software

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • Language

    Last Updated Time 2021-09
    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    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.

    • Licensed Institution :

      Mitrade Golbal Pty Ltd

      Effective Date :

      2011-06-16
    • Email Address of Licensed Institution :

      laura.lin@mitrade.com

      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
    • Licensed Institution Certified Documents :

      Mitrade asic20201113更新 View Certified Documents IMPFX_FOS查询截图 View Certified Documents 398528 牌照信息 20190212更新 View Certified Documents IMPFX_ASIC监管信息查询截图1 View Certified Documents

    MiTRADE · MT4/5

    Identification Result

      MiTRADE · Website

      Most visited countries/areas

          No content

          No data

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          MiTRADE· Genealogy

          MiTRADE · Clones

          MiTRADE · Market Analysis

          The data are from WIKI Research    2021.09.21 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          MiTRADE · Survey×

          ×
          MiTRADE

          根據香港證券及期貨事務監察委員會的規定

          為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

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          Data Sources WikiResearch 2021.09.21 Update

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          Data Sources WikiResearch 2021.09.21 Update

          MiTRADE · Chart
          Date

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          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by WikiFX Data

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          Alternate Text

          Data Sources WikiResearch 2021.09.21 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          MiTRADE
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
          Related Photos
          Confirm to Submit

          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          Confirm
          MiTRADE · Company summary

            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).

            Market Instruments

            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 Leverage

            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.

          image.png

            Trading platform

            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.

          image.png

            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.

            Accpeted Regions

            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.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          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.