Mitrade — India
Key facts (8)
- Who actually onboards you
- If accepted, only via offshore Mitrade entity; no Indian onboarding en
- Licence number
- not stated
- Established
- 2011group
- Min deposit, USD
- not stated
- Platforms
- Proprietary Mitrade app/web
- Local funding
- No verified INR/UPI local rails; offshore card/w
- Max leverage
- 200geo
- EURUSD
- 0.6 pipsgroup
This broker against the India middle (52 of 91)
| Mitrade | India median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 2-3 business days hgroup | 48.0 h |
| EURUSD, standard | 0.6 pipsgroup | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2011group | 2008.0 |
| Platforms | 1 | 3 |
Accepts residents of India
No
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
If accepted, only via offshore Mitrade entity; no Indian onboarding entity.
Offshore entity
Public rating and its base
4.7Trustpilot Rating
Round turn against the local middle (52 of 91)
standard
Getting money out
From the entry account upwards
Standard; min ~USD 20-50.
Terminals, markets, instrument counts (1)
Proprietary Mitrade app/web
400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
What works and what to watch
Pros (0)
- —
Cons (4)
- Round turn 6.0 USD against a India median of 6.0
- No local licence: the client is onboarded by a foreign entity
- Carries a regulator warning; excluded from beginner and most-established lists
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
United States, Canada, Japan, New Zealand, Iran, North Korea, Yemen, Afghanistan
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- forexbrokers.com domain
- rbi.org.in domain
- mitrade.com domain
FAQ (5)
Does Mitrade accept residents of India?
No.
Which entity onboards a India client of Mitrade?
If accepted, only via offshore Mitrade entity; no Indian onboarding entity.
What licence does Mitrade hold for India?
No licence number is published for this country.
What does one EURUSD lot cost at Mitrade?
6.0 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from Mitrade take?
2-3 business days hours as published. withdrawal processing can take 2-3 business days