Mitrade Journal

Journal status: live
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Mitrade Profile
Website
Year
2018
Country
Cayman Islands
Branches
3
Regulation
CIMA Cayman Islands
Registration
CIMA Cayman Islands, FSC Mauritius, ASIC Australia
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Canada, China, Japan, New Zealand, Russia, US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

Mitrade Accounts
MM
Minimum Deposit
50 $
Leverage
200 : 1
Minimum Lot
0.0001 lots
EURUSD spread
0.6 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Skrill, Neteller, POLi, PayID, GCash, PromptPay
Base currency
USD, AUD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is Mitrade safe?

  • Investor protection: no
  • Regulation: CIMA Cayman Islands
  • Registration: CIMA Cayman Islands, FSC Mauritius, ASIC Australia
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Mitrade trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • Mitrade website: semi-detailed, updated ★★★
  • Mitrade popularity (by visitor count): top visited ★★★★★

How Mitrade works



Enjoy zero commissions, competitive spreads, flexible leverage, and fast and reliable order execution, with Mitrade’s proprietary trading platform.
We provide you protection against negative balances, allowing you to control the trading risk and trade with peace of mind.


Trading with Mitrade carries an automatic risk of an actual conflict of interest because Mitrade is acting as principal in its Positions with you and Mitrade sets the price of the contracts as a market maker. Mitrade may also be transacting with other persons or other market participants.

You must deal directly with Mitrade to open and close Positions. Given you are dealing with Mitrade as counterparty to every transaction, you will have an exposure to us in relation to each transaction. This is described as counterparty risk and is common to all over-the-counter derivatives products. If Mitrade becomes insolvent, we may be unable to meet our obligations to you.

Mitrade may choose to limit our exposure to our clients by entering into transactions with hedging counterparties as principal in the wholesale market. Mitrade is therefore exposed to the counterparty risk with the hedging counterparties.


All money paid to us by you or a person acting on your behalf, or which is received by us on behalf of you, will be held by us in one or more segregated trust accounts with an approved bank.

Negative Balance Protection is an automated adjustment of your Account balance(s) to zero in case they become negative after a stop out.
Mitrade reserves the right to terminate your Account, reject your orders, refund your deposits or otherwise block you from entering further exposures after negative balance protection has been implemented.

‘Unauthorised Activity’ includes, but is not limited to, the following: (q) unusual transactions such as scalping or trading patterns involving what Mitrade considers to be sudden and significant changes in volume traded;



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