Overview
Mitrade is a forex trading platform managed by Mitrade Global Pty Ltd, born in 2019 in Melbourne, Australia. This exchange was founded by a team of experts in the field of technology and financial trading. Mitrade’s motto is to simplify all transactions and provide a friendly trading platform suitable for all investors.
After just 3 years of operation, Mitrade has excelled in winning numerous industry awards and has more than 1,100,000 accounts opened from all over the world. With Mitrade, you can trade financial instruments globally, use flexible leverage, competitive transaction costs, fast execution speed, professional customer service.
Is Mitrade exchange reputable?
This is probably what traders are most interested in when learning about Mitrade or any other exchange. To assess whether Mitrade is safe or not, Tradervn has based on an objective evaluation process, including the following criteria:
Mitrade exchange license
Mitrade is authorized and regulated by various financial authorities.
Mitrade Holding is authorized and regulated by the Cayman Islands Monetary Authority (CIMA) with SIB License number 1612446.
Mitrade Global Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL license number 398528).
Mitrade International is authorized and regulated by the Mauritius Financial Services Commission (FSC) with License number GB20025791.
These agencies will be responsible for managing and monitoring Mitrade’s activities, in order to ensure that transactions take place openly and transparently, and at the same time protect the interests of investors.
In addition, Mitrade is also committed to complying with strict regulations, providing a comprehensive and transparent trading platform. All product information, prices, data and fees are clearly listed on the website. Therefore, investors can rest assured when trading at Mitrade floor.
Mitrade Exchange Awards
After 3 years of constantly striving and trying to bring customers the best services. The Mitrade brand has been awarded many awards by reputable organizations in the industry:
In 2019:
Forex Awards Best Mobile Trading Platform
The fastest growing exchange in Australia in 2019 as assessed by International Business Magazine.
In 2020:
Most Innovative Exchange – awarded by FxDailyInfo and Finance Derivative.
Australian Forex Broker Award for Customer Satisfaction
The best forex trading app in Australia and Asia
The fastest growing exchange in Australia.
Best Mobile Trading Platform – Forex Awards
In 2021:
“Fastest Growing Broker” and “Best Mobile App” by World Forex Award.
“The best news & analysis broker” and “Asia’s best forex broker” voted by FXDailyinfo
“Asia’s Best Fintech Forex Broker” and “Most Innovative Fintech Forex Broker”, “Fastest Growing Fintech Forex Broker” by Global Brands Magazine
In 2022:
Australia’s best forex trading platform
The most transparent forex exchange in the world
Global best forex training resource
Asia’s Most Trusted Forex Broker
Best forex broker in Asia
Most Innovative Fintech Forex Broker
Fastest Growing Fintech Forex Broker
Asia’s Best Forex Trading Experience
Products traded on Mitrade
Currently, Mitrade offers 5 main product groups which are Forex, Indices, Commodities and Stocks and Cryptocurrencies.
Forex: 60 currency pairs including majors, crosses into exotics.
Indices: Provides 12 most popular indices in the US, Australia, Europe, Asia markets such as: UK100, HK50, NAS100, GER30, FR40, EU50, US30, AUS200,…
Commodities: Mitrade offers 13 commodities including precious metals, energy, oil…
Securities: Including 60 types of stocks of the world’s leading companies such as JNJ, Google, Amazon, Facebook…
Leverage and trading fees on Mitrade
Information about leverage and transaction costs are also of great interest to many investors. Because, it directly affects the investor’s trading amount. The leverage and transaction fees at Mitrade exchange are as follows:
Mitrade floor leverage
Mitrade exchange allows investors to trade with leverage up to 1:200. However, each product will have different leverage levels as follows:
For forex products, the maximum leverage is 1:200.
Commodity products have a maximum leverage of 1:100
Securities: Leverage maximum offered is 1:10
Indices: has a maximum leverage of 1:200
Mitrade floor commission fee
All transactions on Mitrade exchange are commission-free and without any hidden fees. This is also an advantage that helps Mitrade attract many investors.
Mitrade floor spread
Mitrade uses the difference between the buy and sell prices as a service fee. The spread will be reflected in the quote and calculated when you open a position. However, each trading product will have different spreads. For example, currency pairs have Floating Spreads from 0.0001 pips, commodities from 0.06 pips, stocks from 1 pip, indices from 1.6 pips and cryptocurrencies 1.65 pips.
Mitrade exchange overnight fee
In case, a trader holds a position past 10 pm (GMT 22:00), your account may be charged an overnight interest rate corresponding to each product.
For a currency pair, there are 2 currencies involved in the swap. With the currency you buy, you can get a share of the profit, for the currency you sell, you have to pay interest. The spread on the currency pair determines whether you will be charged or receive overnight interest in relation to the investment product.
Mitrade exchange bonus program
When participating in transactions at Mitrade, investors will have the opportunity to receive promotions to increase their account capital. Specifically, investors will have the opportunity to participate in promotions such as:
Earn 40% revenue share up to 1000$ when you refer a friend to trade at Mitrade However, you also need to keep in mind that the promotion is only valid if the person you refer has to join the trade.
Get rewarded for the first successful deposit with a minimum of $20
Earn points every day
Conclusion about Mitrade
Above is all detailed information about Mitrade floor that Tradervn wants to send to readers. Although it has not been around for a long time, Mitrade is also a reputable trading platform worth experiencing. Hope the article has brought you a lot of useful knowledge.