Mitrade
Pros
- Zero commission on all trades
- Regulated by ASIC and CySEC (Tier-1 regulators) plus CIMA, FSC, FSCA and CMA
- No deposit or withdrawal fees
- Proprietary platform available on web, desktop and mobile
- Free demo account with virtual funds
- 800+ CFD instruments including forex, stocks, indices, commodities, ETFs and crypto
- Negative balance protection
- Low minimum deposit of $50
Cons
- No MetaTrader 4, MetaTrader 5 or cTrader support
- All positions are CFDs - no ownership of underlying assets
- $10 monthly inactivity fee after 6 months (non-EEA accounts)
- Demo account expires after 90 days
- No copy trading or social trading features
- No swap-free Islamic account
- Single account type with no ECN or raw spread option
- Account currency cannot be changed after opening