Saxo Bank vs Mitrade

Saxo Bank vs Mitrade Comparison Table 2022
Saxo Bank Mitrade
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.
Bonus
None $50 welcome bonus
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10000 $0
Payment Methods
Credit Card, JCB Card, Mastercard, Visa, Wire Transfer Credit Card, Debit Card, Mastercard, POLi, Skrill, Visa, Wire Transfer
Minimum Trade
Vary by asset 0.01 lots
Regulator
DFSA, MAS, FCA, SFC ASIC
Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
Yes 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
Yes No
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Auto Trading
- -
Trade Signals
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes No
Account Currencies
USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF USD, AUD
CFD
Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
1:30 1:30 Retail, 1:250 Professional
FTSE Spread
1.2 pts (Variable) 3
GBPUSD Spread
0.7 (var) 1.5
Oil Spread
0.03 0.05
Stocks Spread
0.10% (subject to min commission) Variable
Forex
A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.
GBPUSD Spread
0.7 (varies by region) 1.5
EURUSD Spread
0.2 (varies by region) 1
EURGBP Spread
0.6 (varies by region) 1.2
Assets
40+ 60
Cryptocurrency
Crypto trading not offered Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
Variable
Coins
BTC, BCH, ETH, LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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