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Mitrade in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%85
- Round-turn cost20%95
- Safety20%0
- Payouts15%40
- Track record10%75
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- If accepted, only via offshore Mitrade entity; no Indian onboarding entity.
- Founded
- 2011
- Retail leverage
- 200IN
- Round turn
- 6 USDIN
- Currencies
- USD, AUD, EUR; no INR account.
- Swap-free account
- no
Licence check
Open an account with MitradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- If accepted, only via offshore Mitrade entity; no Indian onboarding entity.
- Local standing
- Offshore FX/CFD trading breaches RBI/FEMA rules; only exchange-traded INR pairs are legal. Treat as not authorized for Indian residents.
- Licence as the register states it
- No SEBI registration; not an authorized Indian broker.
- Leverage for this entity
- Up to 1:200 offshore (not lawful onshore).
- The firm behind it
- CFD broker founded 2011; proprietary platform.
- What we hold against it
- Offshore-CFD model conflicts with RBI/SEBI rules; RBI Alert List risk. Not verified as SEBI-listed at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore FX/CFD trading breaches RBI/FEMA rules; only exchange-traded INR pairs are legal. Treat as not authorized for Indian residents.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard, min ~USD 20-50. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Mitrade sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 6 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 20 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:200 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 1 local)
No verified INR/UPI local rails;
- UPI local railslocal
- Offshore card
- Wire only
- Account currency
- USD, AUD, EUR; no INR account.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Proprietary Mitrade app/web
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Proprietary Mitrade app/web | — | 0.6 | 200IN |
| All instruments | 400 | — | 200IN |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.7 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 6 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the India median 7
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 20 USD, over the India median 15
- Withdrawal in 72 h, over the India median 48
- The published 1:200 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 2000IN
- Rank in this country
- #8
- Round turn, USD
- 6IN
- Min deposit, USD
- 10IN
- Leverage
- 3000IN
- Rank in this country
- #11
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 1000IN
- Rank in this country
- #14
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 200IN
- Rank in this country
- #19
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Mitrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 85 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Mitrade accept residents of India?
- No. Offshore FX/CFD trading breaches RBI/FEMA rules; only exchange-traded INR pairs are legal. Treat as not authorized for Indian residents. Onboarding entity: If accepted, only via offshore Mitrade entity; no Indian onboarding entity.
- Is Mitrade licensed to serve clients in India?
- No SEBI registration; not an authorized Indian broker. Checked on 09.07.2026.
- How much does one round turn cost at Mitrade?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Mitrade offer to retail clients in India?
- Up to 1:200. Up to 1:200 offshore (not lawful onshore).
- Which trading platforms does Mitrade support?
- Proprietary Mitrade app/web. Instruments: 400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
- How can I withdraw money from Mitrade in India?
- No verified INR/UPI local rails; offshore card/wire only.
- What account types does Mitrade offer?
- Standard; min ~USD 20-50.
- Does Mitrade offer a swap-free (Islamic) account?
- No. Mitrade publishes no swap-free (Islamic) account for India.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.