Mitrade vs Fortrade

Mitrade vs Fortrade Comparison Table 2023
Mitrade	Fortrade
Review Not Yet Rated	Review 3.8
Traders from US not accepted	Traders from US not accepted
Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.	Fortrade is a multi-asset broker offering a simple live account with advanced trading tools and daily analysis features.
Pros
	Demo account MetaTrader 4 Strong regulatory oversight
Cons
	Slow deposit process Withdrawal fees
Bonus
$50 welcome bonus
Instruments
Stocks, CFD, Forex, Crypto	Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	Credit Card Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 lots	0.01 Lots
Regulator
ASIC	FCA, ASIC, CySEC, NBRB, FSC, IIROC
Margin Trading
No	Yes
MetaTrader 4
No	Yes
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	Yes
STP Account
No	No
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	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	Yes (EAs)
Copy Trading
No	No
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
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
USD AUD	USD EUR GBP
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Toronto Stock Exchange
Commodities
	Copper Corn Cotton Gasoline Gold Natural Gas Oil Palladium Platinum Silver Sugar Wheat
CFD Trading
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.	Trade multiple financial assets with flexible leverage
Leverage
1:30 Retail, 1:250 Professional	1:30 (varies by entity)
FTSE Spread
3	2
GBPUSD Spread<
1.5	2
Oil Spread
0.05	0.04
Stocks Spread
Variable	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.	Trade 50+ major and minor forex pairs
Forex App
	The Fortrader mobile app can be used to trade 50+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
GBPUSD Spread
1.5	2
EURUSD Spread
1	2
EURGBP Spread
1.2	3
Assets
60	50+
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.	Trade four leading crypto coins against the US Dollar
Spread
Variable	Variable
Coins
BTC BCH ETH LTC	BTC DSH LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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