Mitrade vs Luno
Mitrade | Luno |
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3.5
|
2
|
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. |
Bonus Offer | |
$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." |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Stocks | Cryptos |
Demo Account | |
Yes | No |
Minimum Deposit | |
$0 | £1 |
Trading Platforms | |
|
|
Payment Methods | |
Minimum Trade | |
0.01 Lots | £10 |
Regulator | |
ASIC, FSC, CIMA | |
Margin Trading | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
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 | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
iOS & Android | iOS & Android |
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 |
Islamic Account | |
No | No |
Account Currencies | |
|
|
Stock Exchanges | |
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. | CFD trading not offered |
Leverage | |
1:30 (Retail), 1:250 (Pro) | |
FTSE Spread | |
3 | |
GBPUSD Spread | |
1.5 | |
Oil Spread | |
0.05 | |
Stocks Spread | |
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. | Forex trading not offered |
GBPUSD Spread | |
1.5 | |
EURUSD Spread | |
1 | |
EURGBP Spread | |
1.2 | |
Assets | |
60 | |
Cryptocurrency | |
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. |
Spread | |
Variable | |
Coins | |
|
|
Crypto Lending | |
No | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | Yes |
More Comparisons | |
Mitrade vs |
Luno vs |