MiTrade – what we know and have as facts about it; MiTrade is a trade name of Mitrade Global Pty Ltd, which is headquartered in Melbourne, Australia and is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 398528. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the text of the Client Agreement that Mitrade acts as a market maker involved in both the dealing in and the pricing of its own financial products, which may result in actual or potential conflicts of interest. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about creating multiple spam accounts to post false positive reviews.
So far, we have not received any complaints from customers of MiTrade. If you have any criticism to share with us or feel annoyed by MiTrade, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and MiTrade if you wish.