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.
Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.
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."
"Based on my experience, Tiger Brokers is an excellent choice for dedicated stock traders looking to trade US, Asian and Australian shares, as well as options, futures, warrants and interest rates. It’s also great for anyone looking for explore an innovative proprietary trading platform."
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
I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ
I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges
I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device
I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR
I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS
There’s a free demo account available for those who want to browse the platform’s features before committing real funds
I found several customer service options, including a live chat, telephone number, WhatsApp and email
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
I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4
Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets
Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little
I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
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)
1:4
FTSE Spread
3
N/A
GBPUSD Spread
1.5
N/A
Oil Spread
0.05
N/A
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.
