The financial services industry has undergone seismic changes, spurred in large part by European, Australian, and global regulators. Consequently, brokerages in the contracts-for-difference (CFDs) and forex space may have had to adjust to adapt to a new norm of business.
One company has placed an emphasis on proper compliance is Mitrade Global Pty Ltd, a multi-asset brokerage. 2019 has proven to be one of the most challenging years for brokers yet, though amidst this upheaval, Mitrade has thrived and even expanded its own operations.
Presently, no brokers in the industry know precisely when the new regulations will come into play in Australia. However, this has not stopped Mitrade from being compliant with any new regulations as they become mandated.
For its part, Mitrade strives to maintain a culture of transparency and believes CFD providers have a responsibility to help retail clients manage their risk against their ability to handle losses.
This is reflective in Mitrade’s offering of negative balance protection and self-imposing a 200x leverage restriction across all products.
Regardless of any changes yet to come, Mitrade’s emphasis on client protection will continue to serve their operations and clients. Indeed, Mitrade has strategically positioned itself however to stay ahead of these changes, which has been reflective in its sizable restructuring efforts in 2019.
In 2019 alone, Mitrade has also retooled both its products and services suites. The company has also taken great lengths to launch trading rebate program for clients.
Mitrade’s efforts have also yielded a growing focus on CFDs, which now includes upwards of nearly 100 different instruments on offer for clients.
Additionally, Mitrade already offers access to a sizable selection of FX pairs, top commodities, and a robust basket of cryptos and indices.
Last month, the company also made waves with the release of its highly anticipated new trading app. Its newest iteration, the version 1.1 Trading App provides clients with an upgraded analytic function, faster execution, and a new rebate program.
Mitrade Global Pty Ltd is a Melbourne-based CFDs online trading broker that operates its business under the regulation of the Australian Securities and Investments Commission (ASIC) (AFSL 398528). With a mission to simplify FX and CFDs, Mitrade provides a self-developed trading platform and a wide range of assets including FX, commodities, indices and cryptocurrencies that best suit investors’ needs from all over the world.