Mitrade vs Firstrade

Mitrade vs Firstrade Comparison Table 2023
Mitrade	Firstrade
Review Not Yet Rated	Review 4 Firstrade is #25 in our broker rankings.
Traders from US not accepted	Traders from US accepted
Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.	Firstrade is a US-headquartered discount broker-dealer. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage.
Pros
	Low minimum deposit Good execution speed Strong regulatory oversight
Cons
	No demo account No copy trading No MT4 integration Few payment methods Narrow range of investments
Awards
	Best for ETF & Active Investor Commission & Fees - 2019
Bonus
$50 welcome bonus	Deposit Bonus Up To $4000
Instruments
Stocks, CFD, Forex, Crypto	Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes	No
Minimum Deposit
$0	$0
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
0.01 lots	$1
Regulator
ASIC	SEC, FINRA
Margin Trading
No	Yes
Margin Rate
	4.50%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Copy Trading
No	No
Social Trading
No	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD AUD	USD
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange	Nasdaq New York Stock Exchange
CFD Trading
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.	CFD trading not offered
Leverage
1:30 Retail, 1:250 Professional
FTSE Spread
3
GBPUSD Spread<
1.5
Oil Spread
0.05
Stocks Spread
Variable
Forex Trading
A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.	Forex trading not offered
GBPUSD Spread
1.5
EURUSD Spread
1
EURGBP Spread
1.2
Assets
60
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.	Take positions on 35+ cryptocurrencies with low fees and 24/7 investing.
Spread
Variable	Variable
Coins
BTC BCH ETH LTC	ALGO AVAX BAT BTC BCH ADA LINK ATOM CRO CRV MANA DOGE ETH ETC FTM LTC LRC MATIC REN SHIB SOL XLM SUSHI GRT UNI YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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