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Mitrade fees and how they score

Cost is scored on what a trade actually costs all in, not on the headline spread. These are the figures behind Mitrade's cost score.

Facts last checked . Read the full Mitrade review.

What it costs to trade

Spread from
0.01 pips
EUR/USD spread
Variable
GBP/USD spread
Variable
Commission
$0
All-in cost, EUR/USD
Spread only
Spread type
Floating/variable
Overnight swap
Overnight funding may be charged/credited
Inactivity fee
Entity/account dependent
Deposit fee
Generally none internally
Withdrawal fee
Method/entity-dependent
Currency conversion
Applicable where conversion is required

What this means

Cost is scored on what a trade actually costs all in, not on the headline spread.

A quoted spread from 0.01 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Mitrade lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Mitrade fees

What is the EUR/USD spread at Mitrade?

Mitrade records an average EUR/USD spread of variable on a floating/variable pricing model.

Does Mitrade charge commission?

Mitrade's commission is $0. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does Mitrade charge to hold a position overnight?

Overnight financing at Mitrade is recorded as overnight funding may be charged/credited.

Fees at brokers under the same regulator

More about Mitrade