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.
Dormancy Fee
Dormant Account refers to an account with or without holding funds, with no trading activity or open positions for more than six months. The Dormant Account is subjected to a monthly dormancy fee charge of USD 10. This fee is deducted periodically until the account balance is reduced to zero or the account ceases to be classified as Dormant.
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.