|Leverage (up to) and other account spec.||
(Until 28th Mar 2021)
(From 29th Mar 2021 onwards)
|Commodities (other than gold)||1:200||1:10||1:200|
|Exclusive Market Analysis|
|Professional TradingView Charts|
|Free Economic Calendar & News|
|Negative Balance Protection|
|Trailing Stop Loss|
|Product Disclosure Statement & Financial Services Guide||-|
|Recourse To AFCA||-|
Major Pairs: a pair of currencies that consists of any two of the following: AUD, GBP, CAD, EUR, JPY, CHF and USD
Minor Pairs: any pair that is not Major Pair
Major Indices: FR40, GER30, US30, EU50, UK100, NAS100, JPN225, US500 and AUS200
Minor Indices: a stock market index that is not a major stock market index.
By satisfying one of the conditions below, you are qualified to apply for Mitrade Pro:
*Net assets refer to the total worth of assets such as your property, car, savings, shares and other investments.
Sign up for a live account on Mitrade
Provide certificate by a qualified accountant to verify your financial status
Application approved – Begin your professional trading journey with us
If you already have a live account on Mitrade, just download the below Certificate. Fill in it and send it to our customer service specialists for your application.
By meeting ONE of the following two criteria, you can be upgraded to a Mitrade Pro account:
1. Assets: You have net assets* of at least AUD 2.5 million
2. Income: Your gross income for each of the last two financial years was at least AUD 250,000
You will need to supply an accountancy certificate** to prove that you have met the above criteria. Template for the accountancy certificate can be found here
* Net assets refer to the total worth of assets such as your property, car, savings, shares and other investments.
** Accountancy certificate must be prepared by a memeber of the CPA Australia/Chartered Accountants Australia
With a Mitrade Professional account, the maximum leverage you are offered is 250. Meaning a smaller margin requirement for most products compared to a Standard account.
There is nothing to worry about if you are not eligible for Mitrade Pro. You can continue to trade on our Standard account which gives you access to the same trading platform, same set of risk management tools as well as quality support from our customer service team.
If you are qualify for Mitrade Pro, please kindly send your accountancy certification to email@example.com and we will take care of the rest for you.
Upgrading to Mitrade Pro is completely free of charge.
If you don’t already have a Mitrade account, you will need to:
1. Sign up for a live account
2. Send us the accountancy certification via firstname.lastname@example.org
By becoming a professional client, you will forgo:
1. The right to be given a Product Disclosure Statement (PDS) and Financial Services Guide (FSG)
2. The Australian Financial Complaint Authority (AFCA) has discretion to exclude complaints from professional clients.