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Product Details
Floating SpreadFloating Spread: the difference between the ask price and the bid price
NaNMaximum LeverageLeverage: a way of trading that multiplies a trader's trading volume for a financial instrument with only a relatively small amount of your deposit. Example: a $1,000 balance with a 1:50 leverage ratio has a trading ability of $50,000, allowing traders to purchase financial products worth up to $50,000.
--Contract SizeContract size: the number of units traded per lot when you open a trading position
undefinedMinimum Volume per TradeMinimum volume per trade: the minimum trading unit allowed for each trade
undefined LotOvernight Funding - BuyOvernight funding (Buy): When you hold the position of a product overnight, your A/C may be charged / deposited into the product's corresponding overnight interest. Calculation (Daily): trading lot * contract size * closing price * daily overnight funding rate (%)
NaN%Overnight Funding - SellOvernight funding (Sell): When you hold the position of a product overnight, your A/C may be charged / deposited into the product's corresponding overnight interest. Calculation Formula (Daily) trading lot * contract size * opening price * daily overnight funding rate (%)
NaN%Initial MarginInitial Margin: The amount Mitrade debits from your account as soon as you open a new position.Initial Margin = Contract Value of open position * Initial Margin Ratio (%)
--Maintenance MarginMaintenance margin: the minimum margin amount required to maintain the account when you hold the position. Maintenance margin = contract value of open position at opening price * maintenance margin ratio (%)
--Contract Expiry DateContract Expiry Date: If the product contract you are trading has an expiration date, the product will expire on this date, and the trading position of the product you hold will be automatically closed at that time.
--Current Trading SessionCurrent trading session: the current trading period of the product. The time is shown in your local time zone.
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FAQ
We charge low spreads and no commission. We charge floating spreads, with the actual spread depending on the type of product you are trading. Spreads are displayed in real time on the trading platform.
To open a live account, please visit our Mitrade account registration page and do the following:
1. Input your email address/mobile phone number and set up a login password. Upon submission, a demo account will be created.
2. On the demo account page, select Home > Switch to Live Account to access the account application form.
Before applying for a live account, we suggest you read through our Legal Disclosure Documents, which outline the risk associated with leveraged trading.
Please note that only after completing your ID verification, you will be able to deposit into your live account.
Mitrade offers a wide range of deposit methods, including but not limited to the following methods:
1. Visa/Mastercard: Instant deposit (within 3 mins)
2. Bank Transfer: Instant deposit (within 3 mins)
3. E-Wallet (eg. Skrill, Neteller): Instant deposit (within 3 mins)
4. QR Code Payment: Instant deposit (within 3 mins)
Not all deposit methods are available in all countries. Please log in to your Mitrade account to view what payment options are available to you.
*Average time taken for Mitrade clients to process their deposit; however this may vary based on individual banks which are beyond our control.