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WINNER
FXOpen is the better broker
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Not Yet Rated
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3.7
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 Traders from US not accepted |
Traders from US not accepted |
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Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.
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FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.
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| Pros |
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- Demo account
- MT4 integration
- Strong regulatory oversight
- Multiple payment methods
- Bonuses & trading contests
- Full range of investments
- Copy trading (global traders)
- Low minimum deposit (global traders)
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| Cons |
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| Awards |
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- Best ECN Broker 2012 - Masterforex-V
- Best Forex Broker in Australasia 2011 - World Finance Magazine
- Best Islamic Forex Broker 2011 - IB Times Trading Awards
- Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
- Best Trading Platform 2010 - Falcon Awards
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| Bonus |
| $50 welcome bonus |
|
| Instruments |
| Stocks, CFD, Forex, Crypto |
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares |
| Demo Account |
| Yes |
Yes |
| Minimum Deposit |
| $0 |
$1 Global, £300 UK |
| Payment Methods |
|
|
| Minimum Trade |
| 0.01 lots |
0.01 Lot |
| Regulator |
| ASIC |
FCA, CySEC, ASIC |
| Margin Trading |
| No |
Yes |
| MetaTrader 4 |
| No |
Yes |
| MetaTrader 5 |
| No |
Yes |
| cTrader |
| No |
No |
| AlgoTrader |
| No |
No |
| OmniTrader |
| No |
No |
| TradingView |
| No |
Yes |
| Autochartist |
| No |
No |
| eSignal |
| No |
No |
| Trading Central |
| No |
No |
| STP Account |
| No |
Yes |
| ECN Account |
| No |
Yes |
| 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 |
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 |
Yes |
| Copy Trading Platform |
|
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported. |
| Social Trading |
| No |
Yes |
| Trade Signals |
| No |
Yes |
| VPS Hosting |
| No |
Yes |
| Tournaments |
| No |
Yes |
| Demo Competitions |
| No |
Yes |
| Ethical Investing |
| No |
No |
| Custodial Account |
| No |
No |
| Guaranteed Stop Loss |
| No |
No |
| Inactivity Fee |
|
$10 |
| Islamic Account |
| No |
Yes |
| Account Currencies |
|
|
| Stock Exchanges |
|
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| Commodities |
|
|
| CFD Trading |
| Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices. |
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads |
| Leverage |
| 1:30 Retail, 1:250 Professional |
1:30 - 1:500 (varies by trading entity) |
| FTSE Spread |
| 3 |
0.8 |
| GBPUSD Spread< |
| 1.5 |
0.2 |
| Oil Spread |
| 0.05 |
4.0 |
| Stocks Spread |
| Variable |
N/A |
| 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 major, minor & emerging forex pairs with 1:30 leverage |
| GBPUSD Spread |
| 1.5 |
0.2 |
| EURUSD Spread |
| 1 |
0.2 |
| EURGBP Spread |
| 1.2 |
0.2 |
| Assets |
| 60 |
50+ |
| Cryptocurrency |
| Mitrade offers CFD trading in four major cryptocurrencies against the US dollar. |
Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK). |
| Spread |
| Variable |
Variable |
| Coins |
|
- BTC
- BCH
- ETH
- LTC
- ETC
- EOS
- DSH
- XRP
- IOT
- XMR
- NEO
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| Crypto Lending |
| No |
No |
| Crypto Mining |
| No |
No |
| Crypto Staking |
| No |
No |
| Auto Market Maker |
| No |
No |
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| More Comparisons |
Mitrade
vs
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FXOpen
vs
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