FBRForex Broker Rating
MI

Mitrade Review

Updated regularly · Independent ratings

Overall 4.3
Overall Rating
4.3 / 5
Fees
4.4 / 5
Safety
4.6 / 5
Platforms
4.1 / 5
Education
4.3 / 5
Min. deposit
$20
ForexCFDsPlatforms: Mobile App, Web Platform, Desktop PlatformRegulators: ASIC (Australia), CySEC (Europe), CIMA (Cayman Islands), FSCA (South Africa), FSC (Mauritius), CMA (UAE)

Pros & Cons

Pros

  • Strong global regulatory oversight.
  • Established in 2011 with a strong and proven track record.
  • Segregated client funds.
  • Negative balance protection.
  • Wide range of global market access through CFDs.
  • Fast and simple account setup process.
  • Free demo account available.
  • Low minimum deposit.
  • Multiple fast and secure payment methods.
  • Low forex and CFD trading fees.
  • No deposit or withdrawal fee for most payment methods.
  • User-friendly mobile, web, and desktop proprietary platforms.
  • Outstanding research tools & market analysis.
  • Great educational content for beginners.
  • Great customer support service.

Cons

  • Product offering is limited to forex and CFDs.
  • Limited advanced tools for professional traders.
  • No support for TradingView, MT4, MT5 or cTrader.
  • No integrated social, copy, and PAMM trading features.
  • Educational resources are limited and basic.
  • An inactivity fee after 6 months of account inactivity.
  • No Islamic swap-free account.
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