Mitto Markets Review
With its head office in London, the United Kingdom, Mitto Markets is a financial services provider that offers forex, mutual funds, futures, options, shares, ETFs, and CFDs for trading online. Trades are executed via a range of advanced trading platforms, including the TWS, MT4, and more. There are multiple trading account types to choose from with no minimum deposit requirement.
Mitto Markets Review, Pros & Cons
- Advanced trading platforms
- Educational materials
- Multiple financial instruments
- $1 minimum deposit
- No standalone trading tools
- Limited account funding methods
- No MetaTrader 5 platforms
- No USA clients
In this detailed Mitto Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Mitto Markets Overview
Mitto Markets is an online trading broker that was created by traders to satisfy the needs of various retail traders. The broker provides their clients with various platforms for trading multiple financial products whilst also providing educational resources and a responsive client support team to assist traders. No minimum deposit is required to start trading, and leverage of up to 1:30 is available.
Mitto Markets Regulation
Mitto Markets is a registered trade name of Kapwealth Limited, a limited company registered in England and Wales with the company registration number: 08091367. The company is authorised and regulated by the Financial Conduct Authority under FRN: 590782.
Mitto Markets Countries
Mitto Markets is a global broker and can accept clients from most countries with notable exceptions being the US, Canada, and Australia.
Some Mitto Markets features and products mentioned within this Mitto Markets review may not be available to traders from certain countries because of legal restrictions.
Mitto Markets Platforms
The broker provides traders with the MT4 trading platform and the Trader WorkStation (TWS). MT4 is a fully-featured trading software packed with interactive charting tools for advanced technical analysis of currency and commodity pairs. It is designed with an intuitive interface to suit all levels of traders. Various strategies can be executed using the market and pending orders whilst trading from the chart. Traders can also access a library of trading robots to implement algorithmic strategies, as well as see their trade history and get financial news. The platform is available in desktop, web, and mobile versions.
The TWS is a downloadable multi-asset platform that allows you to trade equities, forex, CFDs, funds, futures, and options. It has an advanced workspace containing real-time account balance and margining data, comprehensive news, and specialized tools such as SpreadTrader and OptionTrader. The multiple window view in Mosaic offers impressive streamlining capabilities, which can be enhanced and customized to suit a professional trader’s needs.
There is also the Handy Trader, a proprietary trading platform that is available as a mobile app. It is designed specifically for mobile devices running on Android and iOS.
Mitto Markets Trading Tools
There are no standalone trading tools on the broker’s website at the moment.
Mitto Markets Education
The broker’s website contains some learning resources, including trading ideas, news, insights, tutorial videos, and FAQs.
Mitto Markets Instruments
The broker offers the following trading instruments: forex, mutual funds, futures, options, shares, ETFs, and CFDs.
Mitto Markets Accounts & Fees
The broker offers the following trading account types: Standard, ISA, and SIPP accounts. There is no minimum deposit requirement on each of the accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this Mitto Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Mitto Markets broker account for online trading.
Mitto Markets Support
All clients’ general, technical, and account-based inquiries are channeled to a knowledgeable customer support team, who can be contacted via telephone, email, social media, and an online contact form.
Mitto Markets Deposit & Withdrawal
At the moment, the broker only accepts bank wire transfers for both account deposit and withdrawal purposes.
Mitto Markets Account Opening
To open an account, click on the ‘Trade Now’ button at the top right corner of the broker’s website and provide all the requested details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Mitto Markets Summary
Based in the United Kingdom, Mitto Markets is a licensed multi-asset brokerage firm. They provide traders with various trading platforms to ensure seamless trading of multiple financial markets. There are some learning materials and a customer support team available to assist traders. No minimum deposit is required to start trading.
Trading Forex and derivative products carry a high level of risk to your capital and you can lose more than your initial invested capital. You should not invest money you cannot afford to lose. Forex and derivative products are leverage-based products and the effect of leverage is that a small price movement can cause both gains and losses to be magnified. Investing may not be suitable for everyone, please seek independent professional financial advice if you do not understand the risks involved with the products you wish to invest/trade. Forex and derivative products are very complex financial instruments.