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 2021.04.22 updated
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MiTRADE · Australia
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Basic Information & Regulators of Mitrade
Mitrade is an award-winning broker based in Melbourne, Australia, specializing in Forex and CFD trading services. Mitrade's mobile app and web-based trading platform provide traders with an excellent experience, competitive trading costs, fast execution, and excellent customer service. Mitrade Global is fully licensed by the Australian Securities and Exchange Commission (license number: 398528), and Mitrade is regulated by the Cayman Islands Monetary Authority (CIMA) (regulatory number: 1612446).
Safety Analysis of Mitrade
Mitrade is regulated by the global level regulatory body -ASIC, which is known to be a stringent regulatory body for Forex & CFDs trading, which means that the safety of investors' funds and trading activities can get some protection.
Market Instruments of Mitrade
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.
Accounts & Leverage of Mitrade
Mitrade offers only one standard account for all investors. This single account type allows all clients to be treated equally. Additionally, Mitrade offers investors a demo account where traders can practice their trading skills and strategies.
Trading platform Available of Mitrade
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.
Pros & Cons of Mitrade
The Pros of Mitrade are:
1. ASIC Regulation
2. Wide Range of Financial Trading Instruments
The Cons of Mitrade are:
1. A Single Account Type
2. No Fees Provided On Spreads, Commissions, Swaps
3. Non-mt4/mt5 Trading Platform
4. Does Not Accept Us Clients
5. Spreads Are Not Competitive
6. Does Not Have Contact Numbers on the Official Website
7. Charges Fees for Inactivity
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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.
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