SimpleFX vs Mitrade

SimpleFX vs Mitrade Comparison Table 2023
SimpleFX Mitrade
4.2
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

SimpleFX is a CFD broker offering the popular MT4 platform plus its own SFX WebTrader platform. Account holders benefit from low trading fees with tight spreads.

Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.

Pros
  • API & VPS
  • Ethereum staking
  • No minimum deposit
  • Fast customer support
  • Beginner-friendly platform
  • Multi-currency single account
Cons
  • Unregulated
  • MetaTrader 5
  • Limited non-crypto funding methods
Awards
  • The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw
  • Best Mobile App 2020 - Rankia Awards
  • The Best Trading Platform, Finance World Expo 2019 - Zug
  • Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Promotions

Sign Up With SimpleFX For A $2500 Instant Deposit Bonus

Bonus
$50 welcome bonus
Instruments
Forex, indices, shares, commodities, cryptocurrencies Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
ASIC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android + Web Trader iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3%
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • AUD
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD products are available in multiple financial markets. Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
1:500 1:30 Retail, 1:250 Professional
FTSE Spread
1.3 3
GBPUSD Spread<
1.2 1.5
Oil Spread
0.03 0.05
Stocks Spread
Variable Variable
Forex Trading
Trade currency pairs with tight spreads and 1:500 leverage. A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.
GBPUSD Spread
1.2 1.5
EURUSD Spread
0.9 1
EURGBP Spread
0.9 1.2
Assets
60 60
Cryptocurrency
Trade crypto and US Dollar CFDs. Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
From 0.0001 Variable
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
  • BTC
  • BCH
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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