Fees and Charges
As part of the enhanced customer experience, Mitrade provides our customers with a transparent, cost-effective trading service with no hidden charges or fees. The main trading costs are the buy-sell spread and any potential overnight funding fees.
Mitrade Offers You
- Real-time QuotesFree
- Technical ChartsFree
- Market InsightsFree
Buy-Sell Spread
Mitrade uses the buy-sell spread as a service charge. This part of the cost is already reflected in the product quotation, and once you set up the position, the difference has actually been paid. Since the price difference is not fixed, you are advised to go to the specific product quotation page or log onto the trading platform to check the spread.
Deposit and Withdrawal
To minimise the costs for our customers, we do not charge any fees for deposits and withdrawals in most cases*. However, there are other third-party charges for deposit and withdrawals that are outside of Mitrade’s control such as intermediary bank fees1, etc.
*Please refer to Withdraw Policy within the trading platform for more details of fee
related to withdraw.
1e.g. international credit card transactions,
bank account transfers in/transfers out or the use of unsupported currency for
trading (foreign currency conversion)
Overnight Funding Cost
Overnight funding fees will be charged if the position is held past the settlement time. Please visit the specific product quotation page or log on to the trading platform to view overnight funding rates.
Other Fees
There is no extra cost when you trade on our platform. Our fee policy is clear and transparent. We will inform you in advance if there are any extra fees, so that you don't have to worry about any hidden charges.
FAQ
Mitrade is a commission-free trading
platform. The main cost of trading comes from low spreads we
charge, which vary among different markets. In addition, there
may be overnight funding adjustments if you hold positions
overnight.
Overnight funding adjustment:
When you hold positions through the
settlement time (GMT 22:00 Winter time), overnight funding
adjustment will be incurred on your account. Depending on the
product you are trading and direction of your trade (buy or
sell), overnight funding may be debited or credited to your
account.
You will be able to find the overnight
funding adjustment amount for the day in the product information
section beneath the charts on our webtrader or mobile
app.
Mitrade does not charge any hidden fees, and we endeavour to include all details of our fees and charges as clearly as possible. If you have any questions, please feel free to contact our customer service team for more detail.
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.
After logging in to the platform, you can view your deposit and withdrawal history by navigating to “Transfer Record”.