Mitrade vs ForexChief

Mitrade vs ForexChief Comparison Table 2023
Mitrade ForexChief
WINNER
ForexChief is the better broker
Not Yet Rated
3.3

ForexChief is #14 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag 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.

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

Bonus
$50 welcome bonus $100 no deposit
Instruments
Stocks, CFD, Forex, Crypto Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
ASIC VFSC
Margin Trading
No Yes
Margin Rate
0.1%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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 Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No Yes
Social Trading
No No
Trade Signals
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • AUD
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices. ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:30 Retail, 1:250 Professional 1:1,000
FTSE Spread
3 80
GBPUSD Spread<
1.5 0.9
Oil Spread
0.05 12
Stocks Spread
Variable 50
Forex Trading
A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform. ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.
GBPUSD Spread
1.5 0.9
EURUSD Spread
1 0.4
EURGBP Spread
1.2 0.9
Assets
60 40
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar. ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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