{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "mitrade-web-au",
  "urls": {
    "html": "/demo-accounts/mitrade-web-au.html",
    "json": "/demo-accounts/mitrade-web-au.json",
    "markdown": "/demo-accounts/mitrade-web-au.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-14",
    "tested": false,
    "funds": 50000,
    "currency": null,
    "fundsLabel": "50,000 virtual funds",
    "fundsNote": "AU landing page shows $50,000; AU-labelled academy guide allows USD or AUD. Assigned currency: Requires Verification.",
    "expiryType": "conditional",
    "expiry": "90 days; continuation with live account",
    "expiryNote": "AU landing advertises 90 days. Academy guide says a demo freezes without a live account after 90 days; current AU implementation requires confirmation.",
    "evidence": "documented",
    "signup": "AU demo landing offers email/password or phone/password with verification code. Registration not submitted.",
    "note": "Requires Verification: assigned currency, AU continuation/reset details, final eligibility and demo fill/charge modelling.",
    "platform": "web",
    "regions": [
      "AU"
    ],
    "region": "AU",
    "regionLabel": "Australia",
    "product": "CFD",
    "regulation": null,
    "id": "mitrade-web-au",
    "broker": "Mitrade",
    "entity": "Mitrade Global Pty Ltd",
    "researchScope": "Australian demo landing page and Mitrade Global August 2026 documents; proprietary web platform.",
    "platformLabel": "Mitrade WebTrader (web)",
    "terms": "Virtual practice on Mitrade web/app. Australian product documents cover margin FX and CFDs; demo trading is simulated.",
    "fundingReset": "Academy guide says equity below USD/AUD 200 is replenished to 50,000; current AU implementation requires confirmation.",
    "deposit": "AU demo landing says practice without a real-money deposit.",
    "evidenceNote": "AU landing and its current August 2026 legal documents read, with AU-labelled academy guide. No account opened or trading tested.",
    "eligibility": "Mitrade Global Pty Ltd Australian scope. Generic /au/ and international pages changed regional content, so use the scoped landing page and verify the contracting entity.",
    "sources": [
      "add-mitrade-au-demo",
      "add-mitrade-au-pds",
      "add-mitrade-au-agreement",
      "add-mitrade-demo-guide"
    ],
    "visit": "add-mitrade-au-demo",
    "signupLink": {
      "kind": "demo-page",
      "note": "AU demo landing offers email/password or phone/password with verification code. Registration not submitted.",
      "status": "Official entry route",
      "url": "https://www.mitrade.com/en/marketing/demoacc-au/index-googlesem.html",
      "sourceUrl": "https://www.mitrade.com/en/marketing/demoacc-au/index-googlesem.html",
      "checked": "2026-10-14",
      "tested": false
    },
    "execution": {
      "scope": "Mitrade Global Australian proprietary web demo; August 2026 AU documents. No transfer of UAE demo claims to Australia.",
      "tested": false,
      "role": {
        "value": "Principal",
        "status": "Documented",
        "note": "Section 11.1 of the August 2026 AU PDS identifies Mitrade as the issuer and counterparty, acting as principal rather than agent.",
        "sources": [
          "add-mitrade-au-pds"
        ],
        "checked": "2026-10-14"
      },
      "arrangement": {
        "value": "OTC market maker",
        "status": "Broker-reported",
        "note": "The AU PDS describes Mitrade quoting its own OTC margin-FX/CFD prices as market maker. Separate hedging relationships do not create client agency.",
        "sources": [
          "add-mitrade-au-pds",
          "add-mitrade-au-agreement"
        ],
        "checked": "2026-10-14"
      },
      "demo": {
        "value": "Simulated trading; order features can differ",
        "status": "Documented",
        "note": "AU PDS calls demo trading simulated. Agreement section 11(4) says Time in Force availability, parameters and functions may differ between demo and live. Demo slippage, liquidity, rejection, latency and charges remain Requires Verification.",
        "sources": [
          "add-mitrade-au-pds",
          "add-mitrade-au-agreement"
        ],
        "checked": "2026-10-14"
      },
      "review": {
        "checked": "2026-10-14",
        "outcome": "Current August 2026 Australian PDS and agreement document principal market-making and simulated demo use, including potential demo/live order-feature differences.",
        "remainingChecks": [
          "Requires Verification: confirm residence eligibility and final contracting entity in the actual signup flow; no accounts were opened or tested.",
          "Requires Verification: assigned AUD/USD currency and current AU implementation of the academy's replenishment and live-account continuation rules.",
          "Requires Verification: Australian demo slippage, liquidity, rejections, latency and charge modelling. UAE no-slippage claims were deliberately excluded."
        ]
      }
    },
    "markets": {
      "scope": "Australian proprietary web demo; AU-specific educational product guides and Australian demo registration.",
      "tested": false,
      "forexCfd": {
        "status": "Documented",
        "note": "Mitrade's Australian forex CFD guide explicitly offers demo practice before live trading, supported by its Australian web/app demo page. Documentation reviewed; no account or trades tested.",
        "sources": [
          "market-mitrade-au-forex-guide",
          "market-mitrade-au-demo"
        ],
        "checked": "2026-10-14"
      },
      "cryptoCfd": {
        "status": "Documented",
        "note": "Mitrade's Australian crypto CFD guide explicitly offers demo practice before live trading and identifies Mitrade Global Pty Ltd. This covers simulated CFD exposure, not coin ownership; individual symbols and fills were not tested.",
        "sources": [
          "market-mitrade-au-crypto-guide",
          "market-mitrade-au-demo"
        ],
        "checked": "2026-10-14"
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "add-mitrade-au-agreement": {
      "title": "Mitrade Global Pty Ltd Client Agreement, August 2026",
      "url": "https://www.mitrade.com/docs/Mitrade_ClientAgreement-en-US-ASIC.pdf",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Section 10(o)-(s); section 11(4)",
      "access": "Followed AU demo page agreement link; read principal/market-maker clauses and explicit demo/live Time in Force differences."
    },
    "add-mitrade-au-demo": {
      "title": "Mitrade Global Australian demo registration page",
      "url": "https://www.mitrade.com/en/marketing/demoacc-au/index-googlesem.html",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Virtual balance, 90-day period, signup form and Mitrade Global footer",
      "access": "Opened and read; form fields and legal-document links inspected in page text. No form submitted."
    },
    "add-mitrade-au-pds": {
      "title": "Mitrade Global Pty Limited Product Disclosure Statement, August 2026",
      "url": "https://www.mitrade.com/docs/Mitrade_ProductDisclosureStatement-en-US-ASIC.pdf",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Sections 1.1, 10.2, 11.1; cover August 2026",
      "access": "Followed AU demo page PDS link and read current 38-page PDF. Search metadata still says 2023; cover and content say August 2026."
    },
    "add-mitrade-demo-guide": {
      "title": "Mitrade Academy — demo account registration",
      "url": "https://academy.mitrade.com/courses/user-guide/lessons/guide-to-using-mitrade-trading-platform/topics/mitrade-account-registration-demo-account/",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Trading demo web version AU; balance, replenishment and expiry FAQs",
      "access": "Opened and read. AU-labelled guide gives USD or AUD balances but does not resolve the currency assigned in a new AU signup."
    },
    "market-mitrade-au-crypto-guide": {
      "title": "Mitrade Australia — how to trade cryptocurrency CFDs",
      "url": "https://www.mitrade.com/au/insights/cryptocurrency/cryptocurrencies-investment/how-to-trade-crypto-cfd-australia",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Crypto CFD trading steps; FAQ 6; Mitrade Global Pty Ltd Australian footer",
      "access": "Opened and read. AU crypto CFD guide specifically offers demo practice before live trading; footer names Mitrade Global Pty Ltd AFSL 398528. Broker documentation only; no account or instrument trading tested. Article has conflicting instrument counts, which are not used."
    },
    "market-mitrade-au-demo": {
      "title": "Mitrade Global — Australian demo registration",
      "url": "https://www.mitrade.com/en/marketing/demoacc-au/index-googlesem.html",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "Virtual practice and web/app access; Mitrade Global Pty Ltd footer",
      "access": "Opened and read. Establishes Australian entity and proprietary demo scope; no registration or trade performed."
    },
    "market-mitrade-au-forex-guide": {
      "title": "Mitrade Australia — forex CFD trading guide",
      "url": "https://www.mitrade.com/au/insights/forex/forex-basics/forex-trading-australia",
      "owner": "Broker",
      "checked": "2026-10-14",
      "locator": "How to Start Forex Trading in Australia, steps 2 and 3",
      "access": "Opened and read. Australian forex CFD guide explicitly recommends Mitrade demo practice. Do not import broad duration wording over existing documented 90-day terms."
    }
  }
}