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.
Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin.
$50 welcome 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."
"Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform."
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
Instant Trade, savings wallets, and crypto transactions supported
Third-party proof of reserves audits available to view
Transparent fee structure with zero market maker charges
Market news, insights and educational content available
'Deep Freeze' multi-signature wallets to store cryptos
High liquidity and high-speed platform so the spreads are kept low
Simple and easy-to-use interface
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
Very narrow range of cryptos with up to 11 tokens available that varies by jurisdiction
Poor payment methods with restrictions in some countries
Below average customer support with no live chat or telephone
Limited analysis tools and features for seasoned traders
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.
CFD trading not offered
1:30 (Retail), 1:250 (Pro)
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.
Forex trading not offered
Crypto trading not offered
Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets.