Mitrade offers zero-commission CFD trading on a proprietary app, desktop platform and WebTrader, with international clients contracting through its Cayman Islands entity.
Spreads from
0.6 pips
Commission
$0 (spread-only)
Min deposit
$50
Established
2011
Regulated by
CIMA · ASIC · CySEC · FSC Mauritius · FSCA (South Africa) · CMA (UAE)
Written byLaverlane Team·Updated6 Oct 2026
Researched with AI assistance and verified by our editors
Regulation
Mitrade operates through several licensed companies.
The Mitrade brand is used by Mitrade Global Pty Ltd (ASIC AFSL 398528), Mitrade EU Ltd (CySEC), Mitrade Holding Ltd (CIMA, Cayman Islands), Mitrade International Ltd (FSC Mauritius), Mitrade Markets Pty Ltd (FSCA South Africa) and Mitrade Financial Services LLC (UAE CMA). International clients contract with Mitrade Holding Ltd under CIMA supervision.
Key facts
Mitrade started in Melbourne in 2011.
Client-facing entity
Mitrade Holding Ltd
Regulators
CIMA, ASIC, CySEC, FSC Mauritius, FSCA (South Africa), CMA (UAE)
Restricted countries
US, CA, JP, NZ, GB, PH
Negative-balance protection
Yes
Minimum deposit
$50
Max leverage (UK/EU retail)
1:30
Max leverage (offshore entity)
1:200
Max leverage (Australia)
1:30
Typical EUR/USD spread
0.6 pips
Platforms
Proprietary
Mitrade says its roots began in Melbourne, Australia in 2011 and that, as of October 2026, it has more than 6,000,000 users worldwide. The company does not state a public listing, and describes its name as a brand jointly used by several companies.
Best for
Pros & cons
Fund safety
Client funds are segregated and backed by a non-statutory insurance policy.
Mitrade says its Client Fund Insurance Policy, underwritten by Lloyd's of London, covers eligible clients under its CIMA and FSC licences for up to $1,000,000 per individual. It is not a statutory scheme, pays out only if the company becomes insolvent, applies to amounts above an initial $20,000 threshold, and is subject to an overall limit purchased by Mitrade.
Account terms
Mitrade states that it charges no hidden fees.
Mitrade says costs come from spreads, overnight funding and a dormancy fee. Accounts inactive for 6 months or more are charged $10 per month until the balance reaches zero or activity resumes. Mitrade provides negative balance protection.
Costs
Mitrade charges no commission and earns through the spread.
Mitrade states that it is commission-free and that the main cost is the spread, which varies by market. The contract specifications show floating spreads of 0.00006 on EUR/USD (0.6 pips), 0.00010 on GBP/USD, 0.011 on USD/JPY, 0.6 on US500 and 0.50 on gold. Overnight funding applies to positions held past 22:00 GMT in winter, and may be debited or credited.
| Instrument | Asset class | Typical spread | Unit |
|---|---|---|---|
| EUR/USD | Forex CFD | 0.6 | pips |
| GBP/USD | Forex CFD | 1 | pips |
| USD/JPY | Forex CFD | 1.1 | pips |
| US 100 (Nasdaq) | Index CFD | 1.7 | points |
| US 500 (S&P 500) | Index CFD | 0.6 | points |
| XAU/USD (Gold) | Commodity CFD | 0.5 | $ / oz |
| US Crude Oil | Commodity CFD | 0.07 | $ / bbl |
Spreads shown are typical, not guaranteed, and widen during volatile sessions or outside main market hours. Figures reflect the broker's standard retail account.
Markets
Mitrade offers forex, commodities, shares, indices and ETFs.
Forex CFD
60 pairs
Index CFD
19 indices
Commodity CFD
Metals, energies, softs
Single-Stock CFD
363 shares
Real ownership: Stocks / ETFs
N/A for this broker, CFDs only
As of 6 October 2026, the contract specifications list 60 forex pairs, 13 commodities, 19 indices, 363 US and Australian shares and 37 ETFs. Cryptocurrencies are not listed. Minimum trade sizes start from 0.01 lots on forex.
Platforms
Trading is on Mitrade's own app, desktop platform and WebTrader.
Mitrade offers apps for iPhone, iPad and Android, desktop applications for Mac and Windows, and a browser-based WebTrader. The platforms include technical indicators, drawing tools and price alerts. The platform pages do not list MetaTrader.
Execution
Mitrade says it acts as principal at all times, which means you trade against the company. It does not publish further detail on its execution model, order execution policy or fill statistics.
The public pages do not publish fill statistics or an order execution policy. The contract specifications list a minimum stop order distance of 1 and minimum trade sizes of 0.01 lots on forex, with a stop out level below 50%.
Leverage
Leverage limits depend on the contracting entity.
Mitrade describes its leverage as flexible, and the leverage for each product is shown on the trading platform. Regulated entities apply lower retail caps than offshore entities. Margin trading increases the risk of rapid losses, and a stop out occurs below a 50% margin level.
Account types
Mitrade offers a Standard live account and Professional account with zero commissions and a free demo account.
| Account | Min deposit | Commission | Swap | Spread | Demo | Islamic |
|---|---|---|---|---|---|---|
| Standard | $50 | Spread-only | Overnight funding fees apply | From 0.6 pips · Variable | Yes | No |
| Professional | $1000 | Spread-only | Not stated | From 0.4 pips · Variable | Yes | No |
Mitrade offers a Standard live account and Professional account with zero commissions and a free demo account, and trade sizes start from 0.01 lots. Overnight funding fees apply to positions held open.
Funding
Mitrade supports cards, bank transfer, e-wallets and QR code payments.
Mitrade accepts Visa and Mastercard, bank transfer, Skrill, Neteller and QR code payments, with deposits typically within 3 minutes. Withdrawals are generally processed within 24 hours, but can take up to 5 business days to reach a card or bank account and 2 to 3 business days for e-wallets. Deposits and withdrawals are free in most cases.
Support
Support is available 24/5 by live chat and email.
Mitrade offers live chat and email support at cs@mitrade.com, and says online support runs 24/5. Its website supports more than 16 languages. A Help Centre and FAQ answer common account questions.
Availability
Mitrade does not accept residents of several countries.
Mitrade states that its services are not intended for residents of the United States, Canada, Japan, New Zealand, the United Kingdom and the Philippines. Regional entity assignment depends on where you live.
Verdict
Mitrade offers a simple proprietary app, zero commissions and negative balance protection. International clients contract with its Cayman Islands entity, so the Lloyd's insurance policy is the main protection and no statutory scheme applies.
Mitrade is right for you if you value ease of use and commission-free CFD trading from your phone. If you rely on custom indicators, expert advisors or statutory fund insurance, consider brokers with broader platform choice.
Traders who value a streamlined mobile and web platform over third-party software will find Mitrade convenient.
FAQ
Mitrade says client funds are segregated and never used for its operations. It also provides negative balance protection and a Client Fund Insurance Policy from Lloyd's of London for up to $1,000,000 per individual, which pays out only on company insolvency. International clients contract with Mitrade Holding Ltd, regulated by CIMA in the Cayman Islands, which has no statutory compensation scheme.
Mitrade is an online CFD broker that began in Melbourne, Australia in 2011. It offers zero-commission trading on forex, commodities, shares, indices and ETFs. The Mitrade brand is used by several licensed companies in Australia, Cyprus, the Cayman Islands, Mauritius, South Africa and the UAE.
The Mitrade app is the company's own trading platform for iPhone, iPad and Android. It includes real-time market monitoring, technical indicators and drawing tools. Mitrade also offers desktop apps for Mac and Windows and a browser-based WebTrader.
You can try a free demo account first, then switch to a live account and complete ID verification before depositing. Mitrade accepts cards, bank transfer, e-wallets such as Skrill and Neteller, and QR code payments, depending on your country. Deposits are free in most cases, but third-party charges can apply.
Mitrade does not describe an account deletion procedure on its main pages. Close your open positions and withdraw your remaining funds first. Then contact customer service at cs@mitrade.com or through live chat to request closure.
Alternatives
Eightcap offers CFDs on 850+ markets through TradingView, MetaTrader 4, MetaTrader 5 and TradeLocker, with a Raw account that starts from 0.0 pips. Clients outside the regulated regions contract with Eightcap Global Limited in The Bahamas, which carries no statutory compensation scheme.
Octa offers swap-free forex and CFD trading on OctaTrader, MetaTrader 4 and MetaTrader 5, with no trading commission and a $25 minimum deposit. Accounts on octabroker.com are with Versustrategy Inc, registered in Saint Lucia, and the legal documents page lists no financial regulator.
JustMarkets offers leverage of up to 1:3000, swap-free trading and MT4, MT5 and its own app, but international clients contract with an offshore Seychelles entity without a statutory compensation scheme.
FXCM offers forex and CFD trading on Trading Station, MetaTrader 4 (MT4) and TradingView. Accounts on the international website are with Stratos Global LLC, an offshore entity in St Vincent and the Grenadines that sits outside the group’s regulated companies.
ThinkMarkets offers ThinkTrader, TradingView, MT4 and MT5 with 4,000+ instruments and leverage of up to 1:500 on Standard and ThinkZero accounts. International clients contract with a Seychelles-licensed entity.
IronFX operates as a retail CFD broker providing high leverage up to 1:1000 on MetaTrader 4, but international clients contract through an offshore entity without statutory compensation protection.
CFI Financial offers MT5, TradingView and its own app with no minimum deposit and leverage of up to 1:500. International clients trade with CFI International Ltd, licensed in Mauritius.
EC Markets offers MT4, MT5 and its own app with a $10 minimum deposit on STD and ECN accounts and leverage of up to 1:1000. International clients trade with the Mauritius-licensed entity.
General CFD risk warning
CFDs are complex leveraged products and carry a high risk of rapid losses. They do not give you ownership of the underlying asset. Depending on your jurisdiction, broker entity and client classification, protections such as leverage limits and negative-balance protection may differ or may not apply. Where negative-balance protection is not provided, losses may exceed the funds you deposit. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Disclaimer
This page is provided for general information only. Nothing on this page constitutes investment, tax or trading advice, or a recommendation to open an account or trade with a particular broker. Laverlane does not provide personalised investment advice. We are not a broker or financial institution, we do not arrange or execute trades, and we do not hold client funds.
Broker availability, spreads, fees, leverage, products and legal protections, including compensation schemes and negative-balance protection, vary by the broker’s legal entity, your country of residence and your client classification, and may change over time. Where a broker is required to publish its retail CFD loss rate, that figure is shown on its review page. Spreads shown are typical figures as at our verification date; they are not guaranteed and may widen, particularly during volatile market conditions.
Laverlane Scores reflect the information available at our most recent review. They are editorial assessments, not guarantees of a broker’s financial strength, reliability or future performance. Where we report a regulator warning or enforcement notice, it reflects the official public information available at the time of our review.
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