mitradegold.com is a website offering online contract for difference (CFD) trading services, established in October 2024 under the brand name "MiTRADE." The platform provides investors with diversified CFD trading options across various asset classes, including Forex, precious metals, crude oil, indices, and cryptocurrencies. However, the platform clearly states it does not offer services in regions where it would violate local laws and regulations.
Overview of Platform Services
Trading Accounts
The platform offers trading accounts with spreads as low as 1 point and leverage up to 1:100. However, details on minimum deposit requirements, margin call levels, and stop-out levels are not clearly stated, nor are specifics about trading commissions and other fees available on the website.
Trading Platform
mitradegold.com supports the use of the ST5 trading platform, compatible with both desktop and mobile devices. The ST5 platform is equipped with advanced charting tools, over 50 built-in technical indicators, and intraday analysis functions.
However, when attempting to download via the mobile app links provided on the official website, the app names on the App Store and Google Play appear as ACMJ and RTHYUTG, respectively, which do not match the promoted name of the ST5 platform.
Trading Product Information
Forex Trading
The platform offers trading services on various forex currency pairs, covering major pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
Precious Metals Trading
Users can trade precious metals on a spot basis, including gold (XAUUSD) and silver (XAGUSD).
Crude Oil Trading
The platform provides CFD trading services for US crude oil (USOIL).
Indices Trading
Covers trading on major global indices, including the Nikkei 225 (N225), German DAX (GER30), and S&P 500 (US500).
Cryptocurrency Trading
Offers trading services on major cryptocurrency pairs, such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Methods
mitradegold.com does not disclose the supported deposit and withdrawal methods on its website, nor does it mention whether additional fees will be incurred during the fund transfer process.
Contact Information and Social Media
The platform does not provide official communication channels via major social media (such as Facebook, Instagram, and Twitter). Users can only contact the platform through the online contact form or email provided on the official website.
Company Background and Regulatory Information
Company Background
According to the information provided on the website, MiTRADE is headquartered in Denver, Colorado, United States, at 1430 Stout St, Denver, Colorado, United States. However, the website does not provide any detailed company registration information or mention whether it is regulated by any financial authorities.
Regulatory Information
Upon investigation, it was found that the brand name and company logo used by mitradegold.com are suspected of plagiarizing broker Mitrade, and the executive information displayed on the site matches that of executives from the asset management firm ClearBridge Investments.
Conclusion
mitradegold.com is a newly established CFD trading website, but it appears to lack a genuine corporate entity behind it, with no authorization or oversight from any financial regulatory body. Notably, the website's brand name, company logo, and executive information are all suspected of plagiarizing other well-known companies.
Risk Warning
CFD trading carries high risk, with market volatility potentially leading to losses of invested capital, and leverage can amplify both risk and potential gains. It is recommended that investors fully understand market volatility and the mechanisms of CFD trading, assess their risk tolerance, and only engage in trading when they have sufficient experience, to avoid blind investing.
