Mitto Markets Review 2021

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Mitto Markets Facts & Figures

Mitto Markets offers multi-asset trading across a range of competitive instruments.

InstrumentsForex, CFDs, futures, options, mutual funds
Demo AccountYes
Min. Deposit$0
Payment MethodsVisa, Wire Transfer
Min. Trade0.01 lots
Regulated ByFCA
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountYes
DMA AccountNo
Mobile AppsYes
Margin TradingNo
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
Access financial markets with flexible CFDs.
FTSE SpreadFloating
GBPUSD SpreadFloating
Oil SpreadFloating
Stocks SpreadFloating

Trade on the forex market with 1:30 leverage.

GBPUSD SpreadFloating
EURUSD SpreadFloating
EURGBP SpreadFloating
Risk Warning – Your capital is at risk

Mitto Markets offers diverse trading assets on standard and ECN accounts, as well as investment management portfolios. The broker aims to provide dedicated customer support, coupled with easy to use platforms. Our review of Mitto Markets details payment options, bonuses and promos, demo accounts, and more.

Mitto Markets Details

Mitto Markets is a trading name of Kapwealth Limited, based in London and regulated by the Financial Conduct Authority (FCA). The company was established in 2020 by Founder, Tim Sunderland, who previously worked as a stockbroker.

Mitto Markets offers an attractive range of instruments, from forex to mutual funds, using a variety of trading platforms, including MetaTrader 4 and Trader Workstation. The broker also emphasises its superior customer support and low fees with interbank price execution.

Trading Platforms

MetaTrader 4

MT4 is a fully-featured trading software packed with interactive charting tools for advanced technical analysis of currency and commodity pairs.

The platform is easy to use for both novices and seasoned traders. Various strategies can be executed using the market and pending orders, with instant execution and trading from the chart. Traders can also access a library of trading robots to implement algorithmic strategies, plus full trade history and financial news.

Mitto Markets MetaTrader 4
Mitto Markets MetaTrader 4

New traders will need to sign up for a Mitto Markets account before they can download and access the platform.

Trader Workstation (TWS)

TWS is a downloadable multi-asset platform, allowing you to trade equities, forex, CFDs, funds, futures, and options.

The platform offers a sophisticated workspace containing real-time account balance and margining data, comprehensive news, and specialised tools such as SpreadTrader and OptionTrader. The multiple window view in Mosaic offers impressive streamlining capabilities, which can be enhanced and customised to suit a professional trader’s needs.


Mitto Markets clients can trade over 135 equities and shares across 33 different countries. There’s also over 75 currency and commodity pairs on offer, plus a range of CFDs, over 30,000 mutual funds, plus futures and options. The only major absence is cryptocurrency and Bitcoin trading.

Spreads & Commission

Spreads start from 1.3 pips in the Standard MT4 account. In the ECN account, traders get raw spreads from 0.0 pips. The Standard account is commission-free, but the ECN account charges commissions at $3 per lot per side.

For traders using TWS, there is a minimum trade charge, which ranges from £3 to £5 depending on the asset class. Financing costs are around 1.59%, which is cheaper than many other brokers who typically charge above 5%.

Leverage Review

Leverage is offered up to a maximum of 1:30 for major forex pairs. Minor forex pairs, indices, and gold can be leveraged up to 1:20, and all other commodities can be leveraged up to 1:10. Professional clients can request leverage up to 1:100.

Mobile Apps

The MT4 trading platform is available on iPhone and Android mobiles and offers ultimate usability and convenience for the remote trader. The app comes with most of the same features provided in the desktop app, including historical data, financial news, and a suite of indicators and drawing tools. The app is hugely popular among traders of all levels and receives positive customer reviews online.

Mitto Markets also offers the Handy Trader app, which offers multi-asset access, supporting real-time market data, charts, and order management. The app uses routing technology that scans for the best available price and can re-route orders to achieve superior execution.

Mitto Markets mobile trading
Mitto Markets mobile trading

Payment Methods

Mitto Markets currently offers funding via credit/debit card or bank wire transfer. This is rather limited compared to other brokers, so we hope that Mitto Markets includes some more options in the future.

There is also a lack of transparency in terms of funding fees and processing times, which is disappointing as many traders will rely on this information before opening an account.

Demo Account Review

Mitto Markets offers an MT4 demo in either the Standard or ECN account. Demo accounts are a great way to practice trading skills before investing real money. Traders can also use an unlimited number of Expert Advisors and experience live pricing with leverage up to 1:30.

Mitto Markets Bonuses

The Financial Conduct Authority restricts incentivised trading in order to protect the investor. Mitto Markets therefore does not provide any no deposit bonuses or promotional offers at this time.


Kapwealth Limited (Mitto Markets) is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, under FRN 590782. The broker does not hold client funds and uses third-party custodian services. Accounts are also covered by the Financial Services Compensation Scheme (FSCS), which insures up to £85,000 per claim.

FCA oversight is a good indication that the broker is safe to trade with and not a scam.

Additional Features

Mitto Markets does not yet offer much in terms of educational resources or tools. At the time of writing, the broker is developing its Trading Ideas section, which contains market insights from the founder. We hope that Mitto Markets will implement some more resources and trader tools in the near future.

Account Types

For traders using MT4, you can choose between the Standard or ECN Account. The Standard offers spreads from 1.3 pips and no commissions. The ECN account is ideal for experienced traders, offering raw spreads and commissions at $3 per lot per side. There’s no minimum deposit requirement for both accounts and the minimum trade size is 0.01 lots.

Share dealing is also available in the ISA and SIPP accounts, or you can opt for a portfolio management service.


Features offered at Mitto Markets that receive positive customer ratings in this review include:


Improvements could be made in the following areas:

Trading Hours

Trading sessions in MT4 are 00:02 to 23:54 GMT+2, Monday to Friday. For precious metals, hours are 01:00 to 23:55 GMT+2, Monday to Friday. UK oil is 03:00 to 24:00 and US oil is 01:00 – 24:00 GMT+2. All other assets will vary and are provided within the trading platforms.

Customer Support

Mitto Markets is available by calling the helpline, +44 (0) 208 159 8985, emailing, or by leaving a message via the online contact form. There’s no live chat support, however, so it would be nice to see this offered in the future.

Mitto Markets is located at the 28th Floor, The Shard, 32 London Bridge Street, London SE1 9SG.


MT4 is an encrypted software, so data exchange between the client platform and the trading server is fully safeguarded. The broker also uses segregated bank accounts for client money and transactions are carried out via the encrypted Client Portal.

Mitto Markets Verdict

Overall, Mitto Markets offers some impressive features, including ECN spreads and a good selection of trading assets. The available platforms also provide access to charting tools, technical indicators, and order management features to suit all levels. However, potential new traders may want to see the payment options expanded and access to live chat support.

Accepted Countries

Mitto Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Mitto Markets from United States.

Alternatives to Mitto Markets

If you are looking for alternatives to Mitto Markets we have compiled a list of the top 5 brokers that are similar to Mitto Markets below. This list of brokers like Mitto Markets is in order of similarity and only includes companies that accept traders from your location.

  1. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  4. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  5. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.


Does Mitto Markets offer a no deposit bonus?

Mitto Markets currently does not offer any bonus deals or promo codes, due to FCA restrictions.

Who owns Mitto Markets? 

Mitto Markets is owned by Kapwealth Limited and the management team is headed up by founder, Tim Sunderland.

Is Mitto Markets a scam?

Kapwealth Limited is a legitimately registered company in the United Kingdom and is authorised and regulated by the Financial Conduct Authority (FCA).

What can I trade at Mitto Markets? 

You can trade forex, commodities, shares, CFDs, mutual funds, options and futures at Mitto Markets. Cryptocurrency and Bitcoin trading is not offered.

Where is Mitto Markets based? 

Mitto Markets is based at the 28th Floor, The Shard, 32 London Bridge Street, London SE1 9SG.

Mitto Markets offers multi-asset trading across a range of competitive instruments.

Mitto Markets vs Other Brokers

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