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Mitrade fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

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.

What it costs to trade

Spread from
0.01 pips
EUR/USD spread
Variable
GBP/USD spread
Variable
Commission
$0
All-in cost, EUR/USD
Spread only
Spread type
Floating/variable
Overnight swap
Overnight funding may be charged/credited
Inactivity fee
Entity/account dependent
Deposit fee
Generally none internally
Withdrawal fee
Method/entity-dependent
Currency conversion
Applicable where conversion is required

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.01 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Mitrade lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Mitrade fees

Does Mitrade charge to deposit or withdraw?

Deposit fees at Mitrade: Generally none internally. Withdrawal fees: Method/entity-dependent.

Does Mitrade charge an inactivity fee?

Mitrade's inactivity fee is recorded as entity/account dependent.

What does Mitrade charge to hold a position overnight?

Overnight financing at Mitrade is recorded as overnight funding may be charged/credited.

Fees at brokers under the same regulator

More about Mitrade