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Mitrade in Saudi Arabia — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%85
- Round-turn cost20%95
- Safety20%0
- Payouts15%80
- Track record10%75
- Platforms10%30
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with MitradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Saudi Arabia residents
- UAE CMA entity
- Local standing
- Regulated by UAE CMA
- Licence as the register states it
- UAE CMA 20200000397
- Leverage for this entity
- Flexible leverage
- The firm behind it
- Founded in Melbourne, Australia
- What we hold against it
- Mixed third-party reviews
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Saudi residents enters the score.
Flexible leverage
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youRegulated by UAE CMA
- 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.
Price against Saudi Arabia market median(priced from 70 of 80)
Medians run over the 70 of 80 brokers that publish a price for Saudi Arabia, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Demo, live accounts. 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.
Where Mitrade sits in the Saudi Arabia base(80 brokers)
Round-turn cost, USD (70 of 80 priced)
Median 6.6 USD · range 1.5-20 · this broker 6 USD · 10 of 80 brokers do not publish it
Minimum deposit, USD (5 of 80 priced)
Median 5 USD · range 0-200 · 75 of 80 brokers do not publish it
Retail leverage (58 of 80 with a Saudi Arabia figure)
Median 1:500 · range 1-5000 · 22 of 80 brokers do not publish it
Withdrawal time published (80 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Saudi card | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 0 local rails)
Saudi card and bank transfer
- Saudi card
- Bank transfer
- Account currency
- Not disclosed
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- Web
- desktop
- mobile app
| Class | Count | Min spread |
|---|---|---|
| Web | — | 0.6 |
| desktop | — | 0.6 |
| mobile app | — | 0.6 |
| All instruments | 400 | — |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.7 | 644 |
Share of reviewers in Saudi Arabia: — The platform does not publish it.
Pros and cons(4 for and 2 against, each tied to a figure on this page)
- Round turn 6 USD on the standard basis, under the Saudi Arabia median 6.6
- Withdrawal in 24 h, one of 75 of 80 brokers here that publish a time
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 3 platforms: Web, desktop, mobile app
- No Saudi Arabia authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Saudi Arabia(5 of 80 scored in Saudi Arabia)
- Round turn, USD
- 7SA
- Min deposit, USD
- 5 groupSA
- Leverage
- 500 group
- Rank in this country
- #9
- Round turn, USD
- 6SA
- Min deposit, USD
- 10 groupSA
- Leverage
- 3000 group
- Rank in this country
- #12
- Round turn, USD
- 7SA
- Min deposit, USD
- 100 groupSA
- Leverage
- 500SA
- Rank in this country
- #11
- Round turn, USD
- 8SA
- Leverage
- 1000SA
- Rank in this country
- #4
- Round turn, USD
- 7SA
- Min deposit, USD
- 0 groupSA
- Leverage
- 1000SA
- Rank in this country
- #6
"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 Saudi Arabia score. Full methodology
| Axis | Weight | What is measured | Mitrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 85 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| 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 | 30 |
FAQ
- Does Mitrade accept residents of Saudi Arabia?
- Yes. Regulated by UAE CMA Onboarding entity: UAE CMA entity
- Is Mitrade licensed to serve clients in Saudi Arabia?
- UAE CMA 20200000397 Checked on 11.10.2026.
- How much does one round turn cost at Mitrade?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Saudi Arabia is 6.6 USD.
- Which trading platforms does Mitrade support?
- Web, desktop, mobile app. Instruments: Forex, indices, shares, ETFs
- How can I withdraw money from Mitrade in Saudi Arabia?
- Saudi card and bank transfer
- What account types does Mitrade offer?
- Demo and live accounts
Cost calculator (median of 70 priced of 80)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a SAR conversion because the exchange rate is not part of our data.