Mitrade vs Avatrade

Mitrade vs AvaTrade Comparison Table 2023
Mitrade Review 2023	AvaTrade Review 2023
Review Not Yet Rated	Review 4.9
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.	Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries.
Bonus Offer
$50 welcome bonus	Welcome bonus 20% up to 10.000$
Comment by Reviewer
	"AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders."
Pros
	Regulated, award-winning, established and safe Superior trading platforms including MetaTrader Great educational and research resources Low spreads and zero commissions Expert Advisors (EAs) supported Plenty of free payment methods AvaSocial app for copy trading Easy and fast to get started Excellent customer support
Cons
	Some withdrawal methods are slow Inactivity fee after three months
Awards
	Best Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com
Instruments
Stocks, CFD, Forex, Crypto	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
Own	MT4 MT5 AlgoTrader TradingCentral DupliTrade
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC	ASIC, CBoI, FSA, FSCA, FSB
Margin Trading
No	Yes
Margin Rate
	2%
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	AvaTrade not only offers a proprietary platform, but also a selection of social and copy trading systems, including its own AvaSocial app, along with MetaTrader suites. There is also the popular web-based platforms, DupliTrade and ZuluTrade, which are both easy-to-use and suit novices and experts alike.
Social Trading
No	Yes
Trade Signals
No	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$50
Islamic Account
No	Yes
Account Currencies
USD AUD	USD EUR GBP CAD AUD
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
	Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.	AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment.
Leverage
1:30 (Retail), 1:250 (Pro)	1:30 (Retail) 1:400 (Pro)
FTSE Spread
3	0.5
GBPUSD Spread
1.5	1.5
Oil Spread
0.05	0.02
Stocks Spread
Variable	0.13
Forex Trading
A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.	AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions.
Forex App
	AvaTrade provide AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.
GBPUSD Spread
1.5	1.5
EURUSD Spread
1	0.9
EURGBP Spread
1.2	1.5
Assets
60	50+
Currency Indices
	USD
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.	Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada]
Spread
Variable	BTC <1%, ETH 2%
Coins
BTC BCH ETH LTC	BCH BTC BTG ETH LTC XRP EOS DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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