MIT-Overview of Minimum Deposit, Spreads & Leverage

General Information

MIT Market Limited (MIT) is a financial services provider registered in London, England. According to the registration information checked, we can see that MIT was registered in July 2021.

Market Instruments

MIT provides investors with a range of financial instruments, including foreign exchange, precious metals, CFDs and futures and other trading products.

Accounts & Leverage

MIT has four account types for investors to choose from, namely fixed mini-account, fixed standard account, professional account and institutional account. Users only need to deposit $200 to open an account, and the account standard is set on the minimum deposit amount. During trading, the maximum leverage available to the user is 100:1.

Spreads & Commissions

MIT does not charge any transaction fees, but does charge a certain amount of spreads. MIT does not disclose much about the spreads, but only mentions that it charges floating spreads. Take the EUR/USD currency pair as an example, the spread starts from 1.8 pips, and the minimum spread for professional accounts without slippage can be 0.2 pips.

Trading Platform

MIT offers its clients access to the world's financial markets via the MetaTrader 5 (MT5) platform, which is used by millions of traders worldwide and supports both PC and mobile use.

Deposit & Withdrawal

MIT only provides a rough overview of the ways clients can deposit/withdraw funds, including bank wire transfers, credit/debit cards, and recommends using internet banking for these operations.

Trading Hours

Clients can use MIT's portal at any time, but the trading hours depend on the specific market. Generally speaking, Forex is a 24/5 global trading market.

Customer Support

To meet the needs of clients from different countries and regions, MIT's official website supports Chinese, English and Japanese language versions for access. In addition, MIT provides basic trading terminology and process for novice clients.