The Australian Forex and OTC derivatives trading broker Mitrade has reported a robust 110% growth in the number of deposits in the first quarter of FY 2022.
With the fresh addition of over 300 US & AU shares to its array of tradable products, the number of live account users has greatly increased in the first quarter.
“With new products on our platform and new investors in the market, we have witnessed an exponential growth of 110% in the first quarter of the current financial year. Our self-developed trading platform has attracted and accommodated a massive number of investors from around the world. New live account deposits have multiplied since December 2021, fueling the growth in deposit volume and trading activity on Mitrade. We thank our users for trusting and trading with us. Our team is highly motivated to furnish for our users a reliable and simplified trading platform in the future,” said a representative of Mitrade.
Mitrade got its first license from the Australian Securities and Investments Commission (ASIC). In 2019 Mitrade launched its proprietary trading platform, and committed to simplify Forex trading, so novice traders can seize trading opportunities just like savvy traders do. Mitrade expanded fast and got its second license from the Mauritius Financial Services Commission (FSC) in 2020. Mitrade’s founding team has devoted itself to creating a platform that would be tech-savvy and user-friendly at the same time. In 2021, it received its third license from the Cayman Islands Monetary Authority (CIMA).
Mitrade has established a self-regulatory transparent system to regulate pricing data and product information, which has contributed to the sharp growth in traders using their platform. Users also can see the full list of fees, which aids in nurturing an environment of honesty and transparency.
Other factors that have contributed to the growth of Mitrade are its low threshold trading conditions and zero commission policy. Mitrade has a sophisticated online support system in place that instantly responds to customer queries and problems.
Mitrade offers trading strategies and market research tools which help traders analyze market dynamics and fine-tune their trading strategy.
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