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Mitrade in Pakistan — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
Key facts (5 facts)
- Onboarding entity
- Mitrade Holding Ltd
- Founded
- 2011
- Retail leverage
- 200PK
- Currencies
- USD, AUD, EUR; no PKR account.
- Swap-free account
- no
Licence check
Open an account with MitradeThe broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://secp.gov.pk
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- Mitrade Holding Ltd
- Local standing
- Not SECP-regulated; SBP currency controls and regulatory gray area make offshore CFD trading legally uncertain.
- Licence as the register states it
- No SECP licence; offshore only.
- Leverage for this entity
- Up to 1:200 on FX (offshore).
- The firm behind it
- CFD broker founded 2011; proprietary platform.
- What we hold against it
- Offshore status plus SBP currency controls; withdrawal-complaint pattern noted.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot SECP-regulated; SBP currency controls and regulatory gray area make offshore CFD trading legally uncertain.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Standard, min ~USD 20-50. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Deposit and withdrawal methods (1 methods · 0 local rails)
Local PKR rails not verified;
- Account currency
- USD, AUD, EUR; no PKR account.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Proprietary Mitrade app/web
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Proprietary Mitrade app/web | — | 0.4 | 200PK |
| All instruments | 400 | — | 200PK |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 644 |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(2 for and 6 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 46 of 62 brokers here that publish a time
- Reviews 80 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 20 USD, over the Pakistan median 7.5
- The published 1:200 comes from the group's offshore entity, not from the Pakistan one
- Safety 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Where Mitrade sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 20 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:200 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(6 of 62 scored in Pakistan)
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 2000PK
- Rank in this country
- #2
- Round turn, USD
- 5PK
- Min deposit, USD
- 10PK
- Leverage
- 2000PK
- Rank in this country
- #4
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 3000PK
- Rank in this country
- #7
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 200PK
- Rank in this country
- #14
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | Mitrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Mitrade accept residents of Pakistan?
- No. Not SECP-regulated; SBP currency controls and regulatory gray area make offshore CFD trading legally uncertain. Onboarding entity: Mitrade Holding Ltd
- Is Mitrade licensed to serve clients in Pakistan?
- No SECP licence; offshore only. Checked on 09.07.2026.
- What leverage does Mitrade offer to retail clients in Pakistan?
- Up to 1:200. Up to 1:200 on FX (offshore).
- Which trading platforms does Mitrade support?
- Proprietary Mitrade app/web. Instruments: 400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
- How can I withdraw money from Mitrade in Pakistan?
- Local PKR rails not verified; SBP restrictions complicate funding.
- What account types does Mitrade offer?
- Standard; min ~USD 20-50.
- Does Mitrade offer a swap-free (Islamic) account?
- No. Mitrade publishes no swap-free (Islamic) account for Pakistan.