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Mitrade regulation

Across a hundred brokers, the licence is what separates the field fastest. Here is Mitrade's regulatory record in full.

Facts last checked . Read the full Mitrade review.

Regulation and safety

Regulated by
ASIC (AFSL 398528); CySEC (438/23); CIMA (1612446); Mauritius FSC (GB20025791); FSCA (54842); UAE CMA (20200000397)
Regulator tier
Tier 1
Register entry
ASIC Professional Registers, AFSL 398528
Client money segregated
Yes, where required by applicable regulation
Held at
Not consistently disclosed group-wide
Negative balance protection
Yes for eligible retail clients/entity-dependent
Compensation scheme
Jurisdiction-dependent; Cyprus ICF protection for eligible clients
Audited by
Independent/statutory auditors as required by entity
Not available to
United States, Canada, Japan, New Zealand, United Kingdom, Philippines and other prohibited jurisdictions

Check the licence yourself: ASIC Connect, the CySEC register of investment firms, the Mauritius FSC register of licensees, the FSCA search of financial services providers.

What this means

Across a hundred brokers, the licence is what separates the field fastest.

Mitrade holds tier-one authorisations from ASIC and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (CIMA and FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Client money is held separately from the firm's own money, at Not consistently disclosed group-wide. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Jurisdiction-dependent; Cyprus ICF protection for eligible clients, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about Mitrade regulation

Who regulates Mitrade?

Mitrade is regulated by ASIC (AFSL 398528); CySEC (438/23); CIMA (1612446); Mauritius FSC (GB20025791); FSCA (54842); UAE CMA (20200000397).

Is client money segregated at Mitrade?

Yes. Mitrade holds client money separately from its own funds, at Not consistently disclosed group-wide.

Does Mitrade offer negative balance protection?

Yes. Mitrade offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about Mitrade