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Mitrade

Low riskForex / CFD broker
🇦🇺 Australia · 5-10 years · since 2019-05-05 · Mitrade Global Pty Ltd
ASICCYSECFSCA
Visit site ↗
4.7/5
★★★★★ ★★★★★
2,671 reviews ›
3
Licenses ›
7
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
13/100
Scam risk ›
8
Clone sites ›
▲ 94% positive▼ 6% negative
Independent ratingshow third parties score this broker
WikiFX8.57/10
Trustpilot4.7/5
Forex Peace Army1.622/5
🛡️ Been scammed or can’t withdraw from Mitrade? Our free assistant writes up your case and shows exactly what to do next →
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Mitrade operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
13
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CYSEC
Exit Risk
18/100
142 reviews in the last 3 months, 6% negative, 5 withdrawal complaints
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints4212%
Offshore registration108%
Transparency (site/info/social)010%
Real-user sentiment88%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMitrade Global Pty Ltd
Headquarters🇦🇺 Australia
Founded2019-05-05
Years operating5-10 years
Employees0
Official websitemitrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia

Regulation & licenses · 3

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)398528AustraliaRegulated
CYSECMarket Making License (MM)438/23CyprusRegulated
FSCADerivatives Trading License (EP)54842South AfricaRegulated
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

The overwhelming majority of real reviews are positive, with customers frequently praising fast customer support, quick withdrawals, and an easy-to-use platform. However, a small but notable minority raise serious concerns about verification double standards, intrusive advertising, and one allegation of a potential scam involving delayed fund releases. The overall picture is strongly positive, but traders should weigh the isolated negative experiences, especially regarding withdrawals and trust.

Best for
  • Traders who prioritize fast customer support and quick withdrawals
  • Beginners seeking an easy-to-use platform with demo accounts
  • Traders looking for Islamic account options
Not for
  • Traders wary of potential withdrawal delays or verification issues
  • Those who dislike intrusive advertising on the trading app
  • Traders seeking a broker with a longer track record (founded 2019)
Period:
What users complain about
What users praise
Where reviewers are from
🇦🇺 AU71
🇲🇾 MY48
🇻🇳 VN21
🇹🇼 TW17
🇰🇷 KR15
🇹🇭 TH14
Positive vs negative · last 6 months Pos Neg
Mar
Apr
May
Jun
Jul
Aug

Real user reviews

Where Mitrade operates

Active across 68 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇼 Taiwan
🇺🇸 United States
🇰🇷 South Korea
🇲🇾 Malaysia
🇧🇷 Brazil
🇻🇳 Vietnam
🇹🇭 Thailand
🇦🇺 Australia Licensed
🇭🇰 Hong Kong
🇸🇬 Singapore
🇪🇸 Spain EEA
🇲🇲 Myanmar
🇩🇪 Germany EEA
🇰🇭 Cambodia
🇳🇬 Nigeria
🇲🇽 Mexico
🇮🇩 Indonesia
🇵🇹 Portugal EEA
🇨🇾 Cyprus Licensed
🇿🇦 South Africa Licensed

🇪🇺 Passported across 11 EU/EEA countries under its EU license.

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Mitrade says about itself as stated by the broker · not independently verified by FXCanary

Regulation and Company Background

The broker states that it is Mitrade Global Pty Ltd, based in Australia and regulated by ASIC (AFSL 398528). It further claims regulation by CySEC (license 438/23) in Cyprus and FSCA (license 54842) in South Africa. The company describes itself as a market maker offering a proprietary trading platform.

Trading Conditions

According to the company, it offers competitive spreads starting from 0.0 pips across forex, indices, shares, commodities, and ETFs. The broker claims to provide both demo and live accounts, as well as Islamic accounts for eligible traders.

Platform and Support

Mitrade states that its proprietary platform is designed for ease of use and fast execution. The broker claims 24/5 customer support via email, live chat, telephone, and social media, and emphasizes fast deposits and withdrawals.

Target Audience

The broker says it caters to traders of all levels, from beginners to experienced, with features like educational resources and a demo account for practice.

About Mitrade

Overview

Mitrade, operated by Mitrade Global Pty Ltd, is an online broker founded in 2019 and headquartered in Melbourne, Australia. The broker offers a proprietary trading platform designed for retail traders to access a variety of financial markets. Mitrade is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. This multi-regulatory framework aims to provide oversight across different jurisdictions.

Regulation and Licensing

Mitrade holds a Market Making license (MM) from ASIC under license number 398528, a Market Making license from CySEC under number 438/23, and a Derivatives Trading license (EP) from FSCA under number 54842. All three licenses are listed as regulated. The broker's address is Level 11, 350 Collins Street, Melbourne, VIC 3000, Australia.

Trading Instruments and Accounts

Mitrade provides access to a range of asset classes, including forex, indices, shares, commodities, and ETFs. The broker offers both demo and live trading accounts, as well as Islamic (swap-free) accounts for clients who require Sharia-compliant trading. According to the broker, spreads start from 0.0 pips. The proprietary platform is the primary trading interface, available for desktop and mobile devices.

Deposits and Withdrawals

Mitrade supports various funding methods, though specific details are not disclosed in the provided data. The broker claims fast deposits and withdrawals, and user reviews generally confirm quick processing times. However, some users have reported occasional verification requirements that can delay withdrawals.

Customer Support and Education

Customer support is available 24/5 via email, live chat, telephone, and social media. The broker emphasizes a helpful support team. Mitrade also provides educational resources and a demo account to help traders learn and practice. The platform is designed to be user-friendly for beginners while offering tools for experienced traders.

Target Audience

Mitrade positions itself as a broker suitable for all trader levels. The availability of a demo account and Islamic account options broadens its appeal. The broker's multi-regulatory oversight may attract traders seeking a regulated environment, while the proprietary platform aims to offer a streamlined trading experience.

Overview compiled by FXCanary from regulatory records and public data. full Mitrade review