Mitrade Pro
Join us now by applying for Mitrade Pro
If you are looking for higher leverage for your trades and more exclusive services, Mitrade Pro Account is here to meet your trading needs.

Why Mitrade Pro?

Things you should be aware of by upgrading to Pro

With Mitrade's Pro account, your funds will still be held in a segregated account and you will be eligible for negative balance protections.
You will also be trading without ASIC's imposed leverage restrictions.

However, you will forfeit the following protections as Pro account holder:

1. The provision of a Product Disclosure Statement (PDS), Financial Services Guide (FSG) or any other relevant documents that Mitrade will typically provide to retail clients. 2. The protections afforded under ASIC’s PIO measures for CFDs, including leverage restrictions. 3. AFCA’s dispute resolution scheme for recourse.

Mitrade Pro account holders are classified as wholesale clients.

Please also consider our Client Classification Notice , Wholesale Client Information Statement and Wholesale Client Agreement .

Mitrade Pro VS Our Standard Account

Leverage (up to) and other account spec. Standard Account
(From 29th Mar 2021 onwards)
Mitrade Pro
Forex

Major Pairs*
1:30, 1:20, 1:10, 1:1

Minor Pairs**
1:20, 1:10, 1:1

1:200, 1:100,
1:50, 1:30, 1:1
Indices

Major Indices^
1:20, 1:10, 1:5, 1:1

Minor Indices^^
1:10, 1:5, 1:1

1:200, 1:100
1:50, 1:20, 1:1
Gold 1:20, 1:10, 1:5, 1:1 1:200, 1:100,
1:50, 1:30, 1:1
Commodities (other than gold) 1:10,1:5,1:1 1:200, 1:100
1:50, 1:20, 1:1
Shares 1:5, 1:2, 1:1 1:10, 1:5, 1:2, 1:1
Cryptocurrencies 1:2 ,1:1 1:10, 1:5, 1:2, 1:1
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.

How to Apply for Mitrade Pro?

To be eligible for a Mitrade Pro account, you need to meet the "wholesale client" eligibility criteria under the Corporations Act 2001. you must meet the criteria of one of the two eligibility tests below:

Eligibility Criteria

Wealth Test Sophisticated Investor Test

Criteria 1

Clients have net assets of at least AUD 2.5 million, as certified by a qualified accountant

Criteria 1

Pass the Sophisticated Investor knowledge quiz

OR And

Criteria 2

Clients have Gross Income for each of the last two financial years of at least AUD 250,000 per annum, as certified by a Qualified Accountant

Criteria 2

Demonstrate your trading experience by:

Having traded Margin FX or CFDs 20 times a quarter for at least 4 quarters over any of the previous 3 years with a notional value of AUD 500000 or more in each of those 4 quarters.

Clients can demonstrate this experience from either their Mitrade account, another provider or a combination of both

OR

You have at least 12 months experience in a professional capacity in the financial service sector and which requires direct knowledge of leveraged trading (or FX or CFDs)

i. Net assets refer to the total worth of assets such as your property, car, savings, shares and other investments.

Get Started in 3 Steps

If you already have a live account on Mitrade, your eligibility will be reviewed when our customer service specialists have received with a copy of accountant certificate(wealth test) or necessary proof(sophisticated investor test)

FAQ

With a Mitrade Professional account, the maximum leverage you are offered is 200. Meaning a smaller margin requirement for most products compared to a Standard account. 


By meeting ONE of the following criteria , you can be upgraded to a Mitrade Pro account


Wealth Test Sophisticated Investor Test

Criteria 1


Clients have net assets of at least AUD 2.5 million, as certified by a qualified accountant

Criteria 1


Pass the Sophisticated Investor knowledge quiz

OR And

Criteria 2


Clients have Gross Income for each of the last two financial years of at least AUD 250,000 per annum, as certified by a Qualified Accountant

Criteria 2


Demonstrate your trading experience by:


Having traded Margin FX or CFDs 20 times a quarter for at least 4 quarters over any of the previous 3 years with a notional value of AUD 500000 or more in each of those 4 quarters.


Clients can demonstrate this experience from either their Mitrade account, another provider or a combination of both

OR

You have at least 12 months experience in a professional capacity in the financial service sector and which requires direct knowledge of leveraged trading (or FX or CFDs)

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 already have a live account on Mitrade, your eligibility will be reviewed when our customer service specialists have received with a copy of accountant certificate(wealth test) or necessary proof(sophisticated investor test).please kindly send to cs.au@mitrade.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 cs.au@mitrade.com

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. 

Upon being notified of your classification as a Wholesale Client, within 24 hours, all open positions on your trading account will be a) firstly, closed at the market price, and b) secondly, we will reopen these positions at the same price, known as wholesale positions.   


This way, the ultimate profit and loss of your position would not be affected. We will keep your pending orders as they are.


*Some payment methods may not be available in your country/region

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