Mitrade vs Interactive Brokers

Mitrade vs Interactive Brokers Comparison Table 2023
Mitrade	Interactive Brokers
Review Not Yet Rated	Review 4.3 Interactive Brokers is #11 in our CFD 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.	IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Bonus
$50 welcome bonus
Instruments
Stocks, CFD, Forex, Crypto	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$10000
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
0.01 lots	$100
Regulator
ASIC	SEC, FCA, IIROC, SFC
Margin Trading
No	Yes
Margin Rate
	1.55 - 2.59%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	Yes
TradingView
No	No
Autochartist
No	No
eSignal
No	Yes
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
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 and Windows
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	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	0
Islamic Account
No	No
Account Currencies
USD AUD	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Aluminium Gold Lead Natural Gas Soybeans Zinc
CFD Trading
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
1:30 Retail, 1:250 Professional	1:50
FTSE Spread
3	0.005% (£1 Min)
GBPUSD Spread<
1.5	Commission (.20 pts x trade value)
Oil Spread
0.05	N/A
Stocks Spread
Variable	From 0.003 per share, 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.
GBPUSD Spread
1.5	Commission (.20 pts x trade value)
EURUSD Spread
1	Commission (.20 pts x trade value)
EURGBP Spread
1.2	Commission (.20 pts x trade value)
Assets
60	70+
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
Variable
Coins
BTC BCH ETH LTC	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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