Trading Instruments
MiTRADE offers popular trading assets from international markets. The multiple assets help traders enhance their portfolios and get exposure to the market.
Forex
At MiTRADE, traders can access global FX currency pairs. Traders get access to minor, major, and exotic fx pairs.
Commodities
At MiTRADE, traders can invest in precious metals and energies. These commodities include gold, silver, crude oil, and natural gas.
Indices
MiTRADE allows traders to invest in global indexes. The platform helps traders understand and analyze market movements.
Stocks
At MiTRADE, you can trade with global companies like Apple, Amazon, and Google. The platform provides multiple stocks from top companies to invest.
Account Types
MiTRADE does not offer proper information about the account types. The platform offers a standard account for traders globally. These accounts provide a smooth trading process with advanced tools and features. The platform offers a safe trading account to keep your funds and data protected.
Apart from this, the platform also provides traders with demo accounts. These types of accounts are designed for traders to practice trading. They get access to virtual funds which eliminates the risk of losing real money.
Deposits and Withdrawal
The platform does not provide any information regarding deposits and withdrawals. The platform offers various payment methods for traders. These include debit/credit cards, e-wallets, and bank/wire transfers.
The platform does not incur additional charges. This makes it easier for beginners and low-budget traders. Overall, the platform offers quick executions and high minimum deposits.
Fees and Commission
MiTRADE provides a clear fee structure for the investors. This helps traders estimate the trading cost.
Spreads
The platform provides variable spreads depending on the market conditions. It differs for different trading assets.
Commissions
The platform offers commission-free trading with tight spreads. It helps traders to estimate their trading costs.
Inactivity Fee
MiTRADE charges an inactivity fee for dormant accounts after a specified period. Traders should review these terms to avoid unexpected costs.
Overall, the platform has limited information regarding the charges. This makes it hard for traders to invest.
Security and Regulations
MiTRADE is a well-regulated trading platform known for over a decade in the US market. The platform offers a two-factor authorization that builds an extra layer to your account.
Additionally, the platform is regulated by the top financial authority which ensures industry security standards. These are CySEC, FSC, and CIMA. These authorities make MiTRADE a reliable trading platform.
Customer Support
Responsive customer support is a must-have for all brokers globally. The platform offers dedicated customer support 24/5. You can contact the team through contact forms, live chats, and emails (cs@mitrade.com).
Apart from the team, the platform also offers help center and educational resources. The help center provides numerous FAQs that help traders with common issues during trading. It allows traders to learn new trading skills and strategies.
Is MiTRADE a Scam?
MiTRADE is a well-established trading platform in the market. The platform offers traders multiple tools and resources that make trading a smooth experience. The platform offers security for the funds and negative balance protection. The regulatory status ensures that the platform adheres to industry security standards. The platform has no clear information about the additional charges involved during trading.
However, the regulations make it a credible option.
Conclusion
MiTRADE is a well-regulated and registered trading platform. The platform offers various trading assets and advanced tools to enhance their trading experience. The platform also provides a smooth trading process.
The platform does offer a 2-factor authorization, fund insurance, and regulations from the regulatory body that authorizes it. This regulation brings reliability to the platform.
Lastly, MiTRADE is an efficient and reliable trading option for all.
