ASICAustraliaTier 1Licence number
398528
View licence record- Licence holder
- Held by MiTRADE
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for MiTRADE
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 4
- Issuing authorities
- 4
- From tier-1 or tier-2 authorities
- 3
- Found on an official register
- 0
MiTRADE has 4 licences on record with Wikilix, issued by 4 authorities across 4 jurisdictions. 3 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for MiTRADE, strongest authority first.
4 records
- ASICAustraliaTier 1
FSCASouth AfricaTier 2Licence number
No number recorded
View licence record- Licence holder
- Held by MiTRADE
- Licence type and regime
- Retail Forex License
- Offshore
Not checkedUpdated
CySECCyprusTier 2Licence number
438/23
View licence record- Licence holder
- Held by MiTRADE
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
FSCMauritiusTier 3Licence number
GB20025791
View licence record- Licence holder
- Held by MiTRADE
Not checkedUpdated
Protection
What this licence protects
ASIC's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
Frequently Asked Questions
Questions about the licences held by MiTRADE
Answered from the register entries on this page.
Most Popular Questions
MiTRADE provides access to a wide range of regulated financial instruments including Forex, Stocks, Options, Derivatives, Commodities, Securities, CFDs, and Futures. This variety allows traders to diversify their portfolios across multiple asset classes.
MiTRADE offers customer support primarily in English via live chat during business hours and email at cs@mitrade.com. The broker maintains active social media channels for additional contact options, but phone support details are not specified in the provided context.
MiTRADE offers leverage up to 200 times, which allows traders to control larger positions with a smaller amount of capital. This leverage level is subject to regulatory restrictions depending on the jurisdiction and the type of instrument traded.
The minimum deposit amount to open an account with MiTRADE is 50 USD. Some deposit methods, such as Visa/Mastercard, may require a higher minimum deposit of 1000 USD in certain regions. These requirements ensure compliance with regulatory standards and client verification.
MiTRADE supports various funding methods including Visa/Mastercard, bank transfers, e-wallets like Skrill, Poli, and Worldpay. Deposits are generally instant or processed within hours, while withdrawals can take 1-3 business days up to 15 days. Verification and name matching are required for withdrawals, and no fees are charged by MiTRADE, though third-party fees may apply.
MiTRADE is regulated by several authorities including ASIC in Australia and CySEC in Cyprus, both considered onshore regulators. It operates under strict regulatory frameworks with high transparency and client fund segregation, but it does not have mandatory client fund insurance. According to WIKILIX, MiTRADE holds licenses that cover Forex, Stocks, Options, and other instruments.
MiTRADE has 4 licence records with Wikilix, issued by 4 authorities across 4 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
MiTRADE holds licence records issued by ASIC, FSCA, CySEC, FSC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
3 of the licence records held by MiTRADE come from tier-1 or tier-2 authorities (1 tier-1, 2 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 4 licence records held by MiTRADE has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
MiTRADE has licence records in Australia, South Africa, Cyprus, Mauritius. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.