Article · Wikipedia archive · Last revised Jun 5, 2026

Mitrade

Mitrade is an online contracts for difference (CFD) and foreign-exchange brokerage brand based in Melbourne, Australia. It offers trading through proprietary web and mobile platforms, with products reported to include CFDs on forex, indices, commodities, ETFs and shares. The brand operates through licensed entities including Mitrade Global Pty Ltd in Australia and MiTrade EU Limited in Cyprus, and has expanded into additional regulated jurisdictions including South Africa and the United Arab Emirates.

Last revised
Jun 5, 2026
Read time
≈ 12 min
Length
2,833 w
Citations
57
Source
Wikipedia ↗
Mitrade
Company type
Private
IndustryOnline brokerage
Founded2011
Headquarters
Melbourne
,
Australia
Area served
Worldwide
ProductsContracts for difference trading platform
ServicesOnline trading
Websitemitrade.com

Mitrade is an online contracts for difference (CFD) and foreign-exchange brokerage brand based in Melbourne, Australia.12 It offers trading through proprietary web and mobile platforms, with products reported to include CFDs on forex, indices, commodities, ETFs and shares.34 The brand operates through licensed entities including Mitrade Global Pty Ltd in Australia and MiTrade EU Limited in Cyprus, and has expanded into additional regulated jurisdictions including South Africa and the United Arab Emirates.567

History

The Australian entity now known as Mitrade Global Pty Ltd was created on 28 January 2011. Bloomberg's Legal Entity Identifier record lists the company as an active Australian limited proprietary company and records previous legal names including You Trade Capital Markets Pty Ltd, Australian Foreign Exchange Services Pty Ltd, Golden Sky Australia Pty Ltd, iGlobal Pty Limited and Imperium Forex Group Pty Limited.8 In 2019, Finance Magnates described Mitrade as the latest rebranding of iGlobal Pty Ltd and reported that the broker had launched a proprietary trading platform available on desktop and mobile devices.9

After the platform launch, LeapRate reported in June 2019 that Mitrade had updated its trading app and platform, including changes to account opening, identity verification, payment workflow and interface features.10 In 2022, IBS Intelligence reported that Mitrade had partnered with Azupay to support real-time deposits and withdrawals for customers in Australia.11

In 2023, MiTrade EU Limited was listed by the Cyprus Securities and Exchange Commission as a Cypriot investment firm with licence number 438/23 and licence date 9 October 2023.12 The same year, the Australian Securities and Investments Commission made an interim stop order preventing Mitrade Global Pty Ltd from opening trading accounts or dealing in CFDs or margin foreign-exchange contracts with retail investors, citing concerns about the company's steps under design and distribution obligations. ASIC later said it revoked the order on 26 July 2023 after Mitrade addressed the regulator's concerns.1314

Mitrade expanded its regulated footprint in 2025 and 2026. In October 2025, Finance Magnates and LeapRate reported that Mitrade had acquired South African firm Fridah Asset Managers Pty Ltd, which was to be renamed Mitrade Markets Pty Ltd, adding a Financial Sector Conduct Authority-regulated entity to the group.1516 In April 2026, FX News Group reported that Mitrade had obtained a Category 5 licence from the UAE Capital Markets Authority; the article noted that this category was limited to introduction and promotion activities.17

Products and services

Mitrade offers online trading in contracts for difference and foreign exchange through proprietary trading platforms. The Armchair Trader reported that, after a restructure of its products and services, the broker said it offered more than 100 CFDs, including FX pairs, commodity markets, cryptocurrencies and indices; Finance Magnates later described its product range as including CFDs on indices, forex, commodities, ETFs and shares.1819

The company launched a proprietary trading platform in 2019. Finance Magnates reported that the platform was available on desktop and as a mobile application for Apple and Android devices, and that it included hotkeys, economic calendars, technical charts, trading news, a combined deposit-and-withdrawal page and the ability to switch between demo and live accounts.20 LeapRate reported later in 2019 that an updated version of the platform changed the account-opening process, identity-verification instructions, payment workflow and account-movement display.21

Mitrade has also been reported to provide trading-information and analysis features through its platform and website. In 2020, LeapRate said the company had added trading insights for forex, commodities and indices, sentiment-index illustrations, market forecasts, trading analysis and market analysis in a weekly newsletter.22

For account funding, IBS Intelligence reported in 2022 that Mitrade partnered with Azupay to support real-time deposits and withdrawals for Australian customers.23 In 2025, Finance Magnates reported that Mitrade had introduced Apple Pay and Google Pay as payment options for customers in Australia.24

Mitrade EU has been reported to offer paperless onboarding and additional client-protection features. Finance Magnates reported in March 2025 that MiTrade EU had introduced paperless know-your-customer processing and real-time digital identity verification.25 The same outlet separately reported that the Australian platform had implemented an excess-of-loss insurance policy through Lloyd's of London, capped at AUD 1,000,000 for qualifying claims in the event of company insolvency.26

Operations

Mitrade's Australian entity is Mitrade Global Pty Ltd. Bloomberg's Legal Entity Identifier record lists the company as an active Australian limited proprietary company, with its legal and headquarters address at Level 11/350 Collins Street in Melbourne.27 Industry reporting has also described Mitrade as Melbourne-based or Melbourne-founded.2829

Public company and entity records list several other legal entities bearing the Mitrade name. Bloomberg LEI records list Mitrade Group Pte. Ltd. as an active Singapore private company limited by shares, with a Suntec Tower Five address, and Mitrade International Ltd as an active Mauritius private company with a Port Louis address.3031 Companies House lists Mitrade Services Ltd as an active UK private limited company incorporated on 4 February 2019, with a registered office in London and a business-support-services classification.32

In the European Union, the Cyprus Securities and Exchange Commission lists MiTrade EU Limited as a Cypriot investment firm based in Limassol, with licence number 438/23 and licence date 9 October 2023. The register lists mitrade.eu as an approved domain and records investment services including reception and transmission of orders, execution of orders on behalf of clients and dealing on own account for specified instrument categories.33

In 2025, Mitrade expanded its stated regional footprint through the acquisition of Fridah Asset Managers Pty Ltd, a South African firm regulated by the Financial Sector Conduct Authority. Finance Magnates reported that the acquired company was to be renamed Mitrade Markets Pty Ltd and that the transaction was linked to expansion across Africa, the Middle East and Latin America; LeapRate separately reported the same acquisition and planned renaming.3435 In 2026, FX News Group reported that Mitrade had obtained a UAE Capital Markets Authority Category 5 licence for introduction and promotion activities, while noting that such a licence does not authorize brokerage activities in financial derivatives, unregulated commodity contracts or spot foreign exchange trading.36

Mitrade has also used regional marketing partnerships. In July 2025, Finance Magnates reported that the company had become the official regional CFD sponsor of Argentina's national football team, with the sponsorship targeted at Southeast Asia and Australia.37

Regulation

Mitrade's regulatory status varies by legal entity and jurisdiction. In 2023, the Australian Securities and Investments Commission issued an interim stop order against Mitrade Global over design and distribution obligation concerns; ASIC later said it revoked the order after the company addressed those concerns.38 The order prevented Mitrade Global Pty Ltd from opening trading accounts or dealing in contracts for difference or margin foreign-exchange contracts with retail investors. ASIC said the order was made because of concerns that the company had not taken reasonable steps likely to result in distribution conduct being consistent with its target market determination under Australia's design and distribution obligations.39

ASIC said its concerns included Mitrade's use of a retail-investor questionnaire that prompted prospective investors to review unacceptable answers and allowed unlimited attempts to pass, as well as inadequate assessment of whether investors were likely to be in the target market for CFDs and margin FX products.40 The regulator later said the interim stop order was extended after a 22 June 2023 hearing and revoked on 26 July 2023 after Mitrade addressed ASIC's concerns; Finance Magnates also reported the revocation.4142

In Cyprus, the Cyprus Securities and Exchange Commission lists MiTrade EU Limited as a Cypriot investment firm based in Limassol, with licence number 438/23 and licence date 9 October 2023. The register lists mitrade.eu as an approved domain and records investment services including reception and transmission of orders, execution of orders on behalf of clients and dealing on own account for specified instrument categories, as well as selected ancillary services and cross-border services to listed European states.43

In South Africa, Finance Magnates reported in October 2025 that Mitrade had acquired Fridah Asset Managers Pty Ltd, a firm regulated by the Financial Sector Conduct Authority, and planned to rename it Mitrade Markets Pty Ltd. FX News Group and LeapRate separately reported the acquisition as part of Mitrade's expansion into regulated markets in Africa, the Middle East and Latin America.444546

In the United Arab Emirates, FX News Group reported in April 2026 that Mitrade had obtained a Category 5 licence from the UAE Capital Markets Authority for introduction and promotion activity. The report noted a regulator warning that a Category 5 licence may be limited to introducing or advisory services and does not authorize brokerage trading, portfolio management or execution of client orders in financial derivatives, unregulated commodity contracts or spot foreign exchange.47

In the Philippines, Fintech News Philippines reported in March 2024 that the Securities and Exchange Commission had issued an advisory regarding MiTrade, stating that the platform lacked necessary regulatory permissions while offering financial instruments to the public.48

Reception

Mitrade has appeared in several industry award listings for retail forex and CFD brokers. The Armchair Trader reported that Holiston Media's Global Forex Awards are public-vote awards for retail forex categories; its winner lists named Mitrade in categories including Best Forex Fintech Broker - Asia in 2021, Best Forex Trading Experience - Asia in 2022, Best Forex Fintech Broker - Global and Most Transparent Broker - LatAm in 2023, and Best Educational Resources - Global and Most Innovative Platform - Asia in 2025.49505152

Other publications have reported additional award results. Financial IT reported that International Business Magazine named Mitrade Best Forex Trading Platform Australia 2022, Most Transparent Forex Broker Global 2022, Best Forex Educational Resources Global 2022 and Most Trusted Forex Broker Asia 2022; it separately reported that FxDailyInfo named Mitrade Most Innovative Broker 2022 and Best Trading Platform 2022.5354 FF News reported in 2023 that Global Brands Magazine named Mitrade Best Mobile CFD Trading Platform Asia Pacific and Fastest Growing Forex Fintech Broker Global.55

Mitrade has also faced regulatory criticism. In 2023, ASIC said Mitrade Global's retail-investor questionnaire and target-market assessment raised concerns under Australia's design and distribution obligations, though the regulator later said the interim stop order was revoked after the company addressed those concerns.56 Fintech News Philippines reported in 2024 that the Philippine Securities and Exchange Commission had issued an advisory stating that MiTrade lacked necessary regulatory permissions while offering financial instruments to the public.57

See also

See also

References

References

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  2. Fieldhouse, Stuart. "Australia's Mitrade completes relaunch of CFD trading platform and app". The Armchair Trader. Retrieved 20 May 2026.
  3. Kimberley, David (6 May 2019). "Mitrade Launches Proprietary Trading Platform". Finance Magnates. Retrieved 20 May 2026.
  4. Kirui, Jared (24 July 2025). "Australia's CFD Broker Mitrade Adds Apple Pay and Google Pay to Appeal to Gen Z Traders". Finance Magnates. Retrieved 20 May 2026.
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  7. Segal, Gerald (16 April 2026). "CFDs broker Mitrade gets UAE CMA Category 5 license". FX News Group. Retrieved 20 May 2026.
  8. "MITRADE GLOBAL PTY LTD - LEI: 549300UEUECNG4ULUW97". Bloomberg LEI. Bloomberg Finance L.P. Retrieved 20 May 2026.
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  25. Sikder, Tareq (18 March 2025). "Mitrade EU Enhances CFD Trading with Paperless KYC, Lloyd's Excess of Loss Insurance". Finance Magnates. Retrieved 20 May 2026.
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