This Mitrade Global Pty Ltd review explores the broker’s regulation under ASIC, platform features, asset offerings, and client protection mechanisms. Operating with a streamlined proprietary platform, Mitrade Global Pty Ltd caters to beginner and intermediate traders, especially those preferring mobile access and CFD simplicity.

Regulation and Safety

Mitrade Global Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under:

• ASIC Licence Number: 398528

This provides moderate regulatory credibility, with mandatory client fund segregation and compliance audits. However, Mitrade is not covered by any investor compensation scheme like FSCS or ICF. Biometric login and SSL encryption are enforced for added security.

Execution Model and Trading Platforms

Mitrade Global Pty Ltd follows a Market Maker model with no dealing desk (NDD) execution features. The broker does not support FIX API or VPS hosting. Platform access is provided via:

• Proprietary Mitrade WebTrader (browser-based)
• Mobile app (iOS and Android)
• No MT4 or MT5 compatibility

The platform includes integrated charting tools, risk management features, and multi-language support for ease of use.

Markets and Instruments

Clients can trade over 300 CFD instruments across several asset classes:

• Forex: 60+ major, minor, and exotic pairs
• Commodities: Gold, oil, natural gas, silver
• Indices: US500, NASDAQ, UK100, DAX
• Shares: US, UK, Australian, Hong Kong stocks
• Cryptocurrencies: Bitcoin, Ethereum, Ripple
• ETFs: Thematic and sector ETFs

Accounts, Spreads and Leverage

Mitrade Global Pty Ltd provides a single live account and demo access. Account conditions include:

• Floating spreads from 0.6 pips
• Commission-free trading
• Leverage up to 1:30 (ASIC limit)
• Stop-out level: 50%
• No minimum deposit requirement

No ECN or Islamic accounts are offered, which may deter advanced traders or those with specific religious needs.

Funding and Base Currencies

Accepted deposit and withdrawal methods include:

• Visa/Mastercard
• Bank transfers (local and SWIFT)
• POLi, Apple Pay (AU clients)

Supported base currencies: AUD, USD, EUR, GBP. Most deposits are processed instantly. Withdrawals are processed within 3–5 business days with no internal fees.

Client Protections and Features

• ASIC-regulated compliance framework
• Segregated client funds
• Negative balance protection
• 2FA and biometric login on mobile
• No FSCS or ICF-style coverage

Institutional and Retail Offering

Mitrade Global Pty Ltd focuses solely on retail clients. Institutional services are not offered. There is:

• No FIX API or VPS service
• No prime brokerage or white-label options
• Platform geared toward mobile-based, self-directed retail traders

Pros and Cons

Pros

• ASIC-regulated entity with good transparency
• Low-cost, commission-free trading
• Well-designed proprietary platform
• Wide CFD product range including crypto and ETFs
• No minimum deposit threshold

Cons

• Only one account type offered
• No MetaTrader platform access
• No Islamic account option
• Limited leverage due to ASIC caps
• Lack of institutional tools or services

Frequently Asked Questions

Is Mitrade Global Pty Ltd regulated?

Yes, it is regulated by ASIC in Australia under Licence No. 398528.

Does Mitrade offer MetaTrader?

No, Mitrade Global Pty Ltd only supports its own proprietary trading platform via web and mobile.

What assets can I trade with Mitrade?

Traders can access CFDs on forex, indices, commodities, shares, cryptocurrencies, and ETFs – over 300 assets in total.

Are there any commission fees?

No, Mitrade operates a spread-only model with zero commissions across all instruments.

Is my money safe with Mitrade?

Client funds are held in segregated accounts and protected by negative balance protection. However, no investor compensation scheme applies.