Mitrade Wins 2026 AI Broker Award, Says Traders Must Stay in the Decision Seat
The Melbourne-founded CFD broker is rolling out the latest AI model behind MitradeGPT in selected regions, with Australia to follow.
MELBOURNE — CFD broker Mitrade has received Global Business Magazine's 2026 AI Broker of the Year award as the latest artificial intelligence model powering MitradeGPT rolls out in selected regions, with Australia planned for a later phase.
The company said its principle is straightforward: AI should support research, not make trading decisions.
The rollout comes as young Australians increasingly test AI for financial research even as regulators urge caution over its limits. ASIC's "Moneysmart Gen Z Financial Behaviours Report 2026" found that 18% of Gen Z Australians use AI for financial information, while 64% trust AI platforms for financial guidance.
MitradeGPT, an AI research tool already available on Mitrade's platform outside the European Union, organises news research in one place — finding related coverage, sorting it into categories, grouping key developments and extracting main viewpoints. For traders, the company said, that means less repetitive research, less noise to sift through and clearer market context.
"AI can process information at a remarkable speed, but it cannot replace human judgement," said Elven Jong, chief executive officer of Mitrade AU.
"Its proper role is not to tell traders what to do, but to reduce information overload and make market context easier to understand. At Mitrade, we focus on providing clearer context and education so traders can question the information, weigh competing views and retain control over every decision."
Mitrade said it also recently received Global Business Review Magazine's Most Trusted CFD Broker – Global 2026, as well as World Business Stars Magazine's Best New CFD Broker LATAM 2026 and Most Reliable Broker Global 2026.
Founded in Melbourne, Mitrade says it is trusted by more than seven million traders worldwide and operates under regulators including Australia's ASIC (AFSL398528), Cyprus' CySEC (CIF438/23), the UAE's CMA, the Cayman Islands' CIMA, South Africa's FSCA and Mauritius' FSC.
The platform offers more than 1,000 CFDs across indices, forex, commodities, ETFs and shares, with what it describes as millisecond execution, razor-thin spreads and risk management tools.
The company noted that trading involves risks and that the information provided is for informational purposes only and does not constitute financial advice, an offer or a solicitation.
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