Mitrade licence record
Is Mitrade regulated by the ASIC?
Yes, according to our records. Mitrade is matched to a licence from the Australian Securities & Investments Commission (Australia). Confirm it on the register before relying on it.
What the ASIC licence means
Based on our licence database, Mitrade holds a licence from the Australian Securities & Investments Commission (ASIC), the financial regulator for Australia. We classify the ASIC as tier 1 — top-tier regulation. Strict capital, client-money and conduct rules with active enforcement; usually leverage caps and often compensation schemes.
For Mitrade clients whose account is held by its ASIC-regulated entity, the key protections are: compensation — No statutory compensation fund for OTC derivatives; complaints go to AFCA; retail leverage — 30:1 on major FX pairs for retail clients since March 2021; negative balance protection — mandatory for retail clients; client money — Client money held in trust accounts; client money rules tightened in 2022. Disputes can be taken to Australian Financial Complaints Authority (AFCA).
Mitrade is also matched to licences from CySEC, CIMA and FSC (MU). Note that clients outside Australia may be onboarded to a weaker entity (CySEC, CIMA or FSC (MU)) instead.
Protection at a glance
- Regulator tier
- Tier 1 — Top-tier regulation
- Compensation scheme
- No statutory compensation fund for OTC derivatives; complaints go to AFCA
- Retail leverage
- 30:1 on major FX pairs for retail clients since March 2021
- Negative balance protection
- Required for retail clients
- Client money
- Client money held in trust accounts; client money rules tightened in 2022
- Complaints
- Australian Financial Complaints Authority (AFCA)
How to verify this licence
- Open Mitrade's client agreement or website footer and note the exact company name and ASIC licence number.
- Search that name or number on the official ASIC register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (mitrade.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the ASIC warnings page and IOSCO I-SCAN for the brand name.
Mitrade's other licences
Frequently asked questions
Is Mitrade regulated by the ASIC?
Our database records Mitrade as holding a licence from the Australian Securities & Investments Commission. Confirm the current status on the ASIC register: https://asic.gov.au/online-services/search-asic-s-registers/
Does the ASIC licence protect all Mitrade clients?
No. It protects clients whose account is with the specific Mitrade company licensed by the ASIC. Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for Mitrade clients under the ASIC?
No statutory compensation fund for OTC derivatives; complaints go to AFCA
What leverage can Mitrade offer under the ASIC?
30:1 on major FX pairs for retail clients since March 2021