Forex Trading
Forex trading refers to the conversion of one currency into another. Forex is the largest and most liquid market in the world. Participants in the forex market include payment providers, dealers, hedgers, speculators, Central Banks, and retail traders. Forex trading is primarily conducted online to all participants around the world to provide opportunities for risky returns round-the-clock for 5 days a week.

Forex

Multi-platform Compatibility

We offer seamless trading via both iOS and Android mobile apps along with our web platform.  You are free to trade anywhere, anytime, any platform

Why Choose Mitrade?

Simple and Intuitive Platform

Experience a platform that integrates market updates, trading, market information, with account management and risk management.

Competitive Trading Costs

Enjoy low-cost trading, zero commissions, low overnight fees, and competitive and transparent spreads.

Competitive Threshold Trading Conditions

There is no minimum deposit requirement to open an account, and the minimum volume per trade is as low as 0.01 lots

Regulated by ASIC

Under the regulations of ASIC (AFSL398528), all client funds are segregated.

Protection Against Negative Balances

Your account will not lose more than your initial deposit under any market circumstances–our negative balance protection ensures your account never go below zero.

Excellent Online Support

Enjoy fast-response online customer service from our team of dedicated professionals.

FAQ

In general, FOREX trading does not entail commissions or fixed unit quantity, and trading costs are relatively low. It is only concerned with spread. The FOREX market is opened around the clock, so investors can trade at their preferred time. Unlike investors in mid-cap and small-cap stock markets, no individual investor in FOREX is able to dominate the FOREX market. In addition, FOREX trading is usually leveraged. Investors can control a very large amount of total contract value with a small margin. Leverage gives investors the ability to make high profits (but at the same time the losses are amplified). High liquidity, low barriers to entry, and the ubiquity of a variety of free tools on the market are also benefits of FOREX trading.

Please note: Margin FX and CFD trading carries a high level of risk and is not suitable for all investors. Please read the Risk Disclosure Statement carefully before choosing to start trading.

There are a wide variety of FOREX currency pairs. To engage in FOREX trading, investors generally choose to start with major currency pairs. Major currency pairs refer to those involving the US dollar. The most popular currency pairs are EUR/USD, USD/JPY, etc.

This is because the countries represented by the currency pairs have great international influences and high trading volumes. The currencies are highly liquid in the market and have dramatic volatility. There are frequent major economic news and data releases (for example: NFP, inflation rate, and central bank policy) for investors to analyse currency trends. Therefore, it will be relatively simple for investors to start with these currency pairs.

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