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Mitrade accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are Mitrade's accounts with that in mind.
Regulation: ASIC (AFSL 398528); CySEC (438/23); CIMA (1612446); Mauritius FSC (GB20025791); FSCA (54842); UAE CMA (20200000397). How Mitrade is regulated
Facts last checked . Read the full Mitrade review.
Accounts
- Minimum deposit
- $50
- Account types
- Live CFD, Demo, Professional where available
- Account currencies
- Jurisdiction-dependent
- Islamic account
- Availability dependent on entity
- Demo account
- Yes
- Professional account
- Yes, eligible jurisdictions
- Minimum trade size
- Instrument-specific
- Time to open
- Typically minutes, subject to KYC
What this means
A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.
Base currencies: Jurisdiction-dependent. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is Instrument-specific. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about Mitrade accounts
Which base currencies does Mitrade support?
Mitrade accounts can be held in Jurisdiction-dependent. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at Mitrade?
The minimum deposit at Mitrade is $50. It can differ by account type and by the entity you register with.
What account types does Mitrade offer?
Mitrade offers 3 account types: Live CFD, Demo, Professional where available.
Accounts at brokers under the same regulator
- MultiBank Group accounts also licensed by ASIC
- ATFX accounts also licensed by ASIC
- ThinkMarkets accounts also licensed by ASIC
- Exness accounts also licensed by CySEC
- FP Markets accounts also licensed by ASIC