Recalculated 2026-11-02 · Established 2011 · Mitrade Markets Pty Ltd
Mitrade — South Africa
Mitrade is rated 3.86 out of 5 by our formula (Rank #8 of 70) for traders in South Africa: round turn 8.5 USD, residents accepted — Yes.
Suits you if you can open with 20 USD · it takes residents of South Africa · it has been trading for 15 years
Look elsewhere if the round turn is 8.5 USD against a 7 USD median here
Key facts (8)
- Who actually onboards you
- Mitrade Markets Pty Ltd
- Licence number
- not stated
- Established
- 2011group
- Min deposit, USD
- 20.0 USDgeo
- Platforms
- Proprietary Mitrade app/web
- Local funding
- Cards, bank transfer, Skrill, Neteller; local ZA
- Max leverage
- 200geo
- EURUSD
- 0.8500000000000001 pipsgeo
Accounts (2)
Mitrade publishes no cost per lot for any account offered in South Africa.
This broker against the South Africa middle (81 of 104)
| Mitrade | South Africa median | |
|---|---|---|
| Round turn, USD | 8.5 USD | 7.0 USD |
| Min deposit, USD | 20.0 USDgeo | 50.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | within 24 hoursgroup | 24.0 h |
| EURUSD, standard | 0.8500000000000001 pipsgeo | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2011group | 2009.0 |
| Platforms | 1 | 3.0 |
Licensed in South Africa
Locally FSCA-regulated; this licence anchors Mitrade's push into MENA and LATAM emerging markets.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Mitrade.
- Who actually onboards you
- Mitrade Markets Pty Ltd
- Licence number
- —
- Local licence
- yes
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.25+ 20.0% × 4.12+ 20.0% × 5.00+ 15.0% × 4.00+ 10.0% × 3.75+ 10.0% × 0.00= 3.86
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Mitrade Markets Pty Ltd
Offshore entity
SA clients onboarded under locally licensed Mitrade Markets Pty Ltd (FSCA), acquired via Fridah Asset Managers.
What each account gives you
Standard; min ~USD 20-50.
Cost per round turn, and the South Africa middle (81 of 104)
standard
Client-money protections
Min deposit ~USD 20-50.
What the broker publishes about payouts
Trading software and asset classes (1)
Proprietary Mitrade app/web
400+ CFDs: ~59 FX pairs, indices, commodities, shares, ETFs, crypto.
Reviews
Considering 644 reviews, reviewers overwhelmingly had a great experience with this company.
Where it wins, where it loses
Pros (2)
- Licensed locally: register entry
- Withdrawal published at within 24 hours
Cons (1)
- Round turn 8.5 USD against a South Africa median of 7.0
Where it does not serve
United States, Canada, Japan, New Zealand
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1mitrade.commitrade.com · domainBroker
- Aggregators and directories
- 2fxnewsgroup.comfxnewsgroup.com · domainAggregator
- 3prnewswire.comprnewswire.com · domainAggregator
FAQ (5)
Does Mitrade accept residents of South Africa?
Yes.
Which entity onboards a South Africa client of Mitrade?
Mitrade Markets Pty Ltd
What licence does Mitrade hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Mitrade?
8.5 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Mitrade take?
Mitrade publishes within 24 hours. Their own wording: “99% of withdrawal requests are processed within 24 hours”.