ASIC-Regulated CFD Broker Mitrade Launches Proprietary Trading Platform

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

ASIC-Regulated CFD Broker Mitrade Launches Proprietary Trading Platform

May 10, 2019

Melbourne-based online CFD trading broker Mitrade has announced the launch of its proprietary trading platform for global investors to trade forex, indices, commodities, and cryptocurrencies in a total of nearly 100 different markets of contract-for-difference (CFD) products.

Laura Lin, Chief Executive Officer at Mitrade Global, commented:
“Mitrade is engineered to simplify trading. We understand traders’ need for a clear and easy-to-operate trading platform instead of boasting powerful functions but having an ambiguous interface. This is especially true when it comes to CFD trading.”
The proprietary trading platform was developed by a team of finance and technology experts who packed it with real-time technical charts, news, economic calendars, and hotkeys to easily access frequently used features.
Designed for both professional and amateur investors, the platform is available on both App Store and Google Play as mobile trading continues to gain momentum among investors as a bridge for tactical global asset allocation. Traders can also make use of the web-based platform. Both the mobile app and web version offer the same efficiency and functionalities.
The ASIC regulated broker offers one-stop account management for users to perform deposits and withdrawals and enjoy an overall seamless trading experience where they can choose from nearly a hundred instruments including EUR/USD, Gold and Bitcoin. The company also offers a US$ 2,000 cash back when they register a Mitrade account with an initial deposit exceeding US$ 10,000 and complete the notional trading within 60 days.
Mitrade is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL 398528). The firm only offers its services to investors in Australia.
The CFD trading market in Australia remains very active with regular innovative moves among competitors. Go Markets and FP Markets, both ASIC-regulated retail FX and CFDs brokers, have recently added the multi-asset platform MetaTrader 5 to its offering of existing trading solutions.
EightCap, which is registered with Australian Securities and Investments Commission (ASIC) and targets professional asset and fund managers who are authorized to trade on behalf of their clients with its Multi Account Manager (‘MAM‘) software, has also gone live with MetaTrader 5.
The dynamic trading industry in Australia has led a number of fintech players to open offices in the country, including Gold-i, an award-winning developer of MetaTrader integration tools for brokers.

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