Mitrade vs JustMarkets

Mitrade vs JustMarkets Comparison Table 2024
Mitrade JustMarkets
3.5
3.9

MiTrade is a Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million.

JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.

Bonus Offer
$50 welcome bonus $30 No Deposit Bonus
Comment by Reviewer
"Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading platform." "With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor."
Pros
  • I think the online education courses, real-time market news and expert analysis resources are extensive and will be useful for both beginners and intermediate traders
  • The intuitive trading terminal and mobile app with in-built technical indicators, custom charting and trend analysis are notable advantages for technical traders
  • I appreciate the zero minimum deposit requirement, plus free deposits and withdrawals and no hidden charges - ideal for traders on a budget
  • I'm pleased to see top-tier regulatory oversight from ASIC with negative balance protection and segregated client funds for some clients
  • I found a decent list of international payment methods including POLi, Skrill, Neteller, wire transfer and credit/debit card
  • Responsive customer support is also available 24/5 including live chat and an online contact form
  • Multiple accounts to suit different strategies and experience levels
  • Fast order executions from 0.01 seconds
  • Trustworthy and regulated by CySEC
  • Welcome bonus for new traders
  • 170+ trading instruments
  • Tight spreads from 0 pips
  • MetaTrader 4 integration
  • Low minimum deposit
Cons
  • There is only one choice of platform which I think will put MiTrade at a disadvantage compared to other brands
  • It's disappointing that there are no advanced tools including copy trading and a VPS
  • I'm a little hesitant that global traders will be registering with the offshore entities
  • Non-forex asset list is light with just 65 stocks plus a handful of indices and commodities
  • Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries
Awards
  • Best Broker Africa 2023 - UFAwards
  • Best Broker In Asia 2022 - UFAwards
Instruments
CFDs, Forex, Stocks Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures
Demo Account
Yes Yes
Minimum Deposit
$0 $1
Trading Platforms
  • Own
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FSC, CIMA CySEC, FSA, VFSC
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
JustMarkets offers copy trading services directly through the Investor Wallet. Copy leading traders and benefit from their success with reasonable fees and real-time tracking capabilities.
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
$5
Islamic Account
No Yes
Account Currencies
  • USD
  • AUD
  • USD
  • EUR
  • GBP
  • ZAR
  • MYR
  • IDR
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions. JustMarkets traders can access CFDs on 170+ instruments including forex, stocks, indices and commodities with ultra-tight spreads, very high leverage up to 1:3000 from the offshore entity, and no commission fees.
Leverage
1:30 (Retail), 1:250 (Pro) 1:3000
FTSE Spread
3 1 - 2.5 
GBPUSD Spread
1.5 0 - 1.0
Oil Spread
0.05 2.0
Stocks Spread
Variable Variable
Forex Trading
During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith leverage through Mitrade's proprietary web-based trading platform. JustMarkets offers a good selection of 65+ forex pairs, which can be traded through the MT4 and MT5 platforms. High leverage is available from the offshore branch, and the broker also offers very tight spreads starting from 0.1 with no commission on the Pro account.
GBPUSD Spread
1.5 0 - 1.0
EURUSD Spread
1 0 - 1.0
EURGBP Spread
1.2 1 - 2.5 
Assets
60 65+
Cryptocurrency
Crypto trading not offered JustMarkets offers popular digital currencies with low spreads. The crypto market can be analyzed using leading software and a suite of advanced charts and technical analysis tools.
Spread
Floating from zero (Raw ECN)
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • DSH
  • NEO
  • XMR
  • EOS
  • ADA
  • DOGE
  • LINK
  • XLM
  • EMS
  • KOS
  • SOL
  • MAT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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