Mitrade regulation & licences
Licences on record 4
1 Tier 1 — top-tier regulation
2 Tier 2 — strong regulation
3 Tier 3 — moderate regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
Mitrade is a forex & CFD broker founded in 2011 and headquartered in Australia.
In our database Mitrade is matched to 4 licences from ASIC, CySEC, CIMA and FSC (MU). Most importantly, the ASIC (Australia) is among the regulators we classify as tier 1 — regulators that combine high capital requirements with meaningful retail protections.
Like many international brands, Mitrade combines onshore and offshore entities. Clients in the UK, EU or other markets where it holds a strong licence are usually onboarded there, while clients elsewhere may be placed with its CIMA-licensed company or its FSC (MU)-licensed company. The protections differ substantially, so check which company is named in your client agreement.
Depending on the entity, eligible clients may be covered by Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under ASIC and CySEC rules. Retail leverage caps apply at the ASIC and CySEC-regulated entities (for example 30:1 on major FX pairs at ASIC).
Mitrade supports its own proprietary platform. The advertised minimum deposit starts from about US$50 — minimums often vary by account type and entity.
Regulatory strengths
- Licensed by 1 tier-1 regulator (ASIC)
- Operating for about 15 years
- Compensation scheme available at CySEC entity
- Negative balance protection required at some entities
Points to check
- International clients may be onboarded to offshore entities (CIMA and FSC (MU))
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 ASIC | No statutory compensation fund for OTC derivatives; complaints go to AFCA | 30:1 on major FX pairs for retail clients since March 2021 | Required for retail clients | Australian Financial Complaints Authority (AFCA) |
| 2 CySEC | Investor Compensation Fund (ICF) — up to €20,000 | 30:1 on major FX pairs (ESMA rules) | Required for retail clients | Financial Ombudsman of Cyprus |
| 3 CIMA | No compensation scheme | No statutory cap | Not a regulatory requirement | CIMA |
| 3 FSC (MU) | No compensation scheme | No statutory cap | Not a regulatory requirement | Office of the Ombudsperson for Financial Services |
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Mitrade regulation FAQ
Is Mitrade regulated?
Yes — in our database Mitrade is matched to 4 licences: ASIC (Australia), CySEC (Cyprus), CIMA (Cayman Islands) and FSC (MU) (Mauritius). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is Mitrade a tier-1 regulated broker?
Mitrade holds 1 licence from regulators we classify as tier 1: ASIC.
Does Mitrade accept US clients?
Mitrade is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so Mitrade generally cannot accept US retail forex clients.
Is my money protected with Mitrade?
Clients of Mitrade's CySEC-regulated entity may be eligible for statutory compensation (Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at Mitrade?
Mitrade's advertised minimum deposit starts from about US$50. It can differ by account type, payment method and the entity you are onboarded to.
How can I verify Mitrade's licence?
Find the company name and licence number in Mitrade's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.