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MYFX Markets

Offshore
Seychelles
,
Since 2013
Last Updated:
45/100
Overall Score

Trading Conditions

Min Deposit:
USD200
Max Leverage:
1000
Account Types
StandardProMicro

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Credit/Debit Cards (Visa, Mastercard)

credit card
Instant
Fee:
Free
Fee:
Free

Bank / International Bank Wire (SWIFT) / Local Bank Transfer

bank transfer
2 days
Fee:
Free
Fee:
$20

E-wallets (Skrill, Neteller, regional e-wallets)

e wallet
Instant
Fee:
Free
Fee:
Free

Cryptocurrency (Tether USDT, Bitcoin, Ethereum)

crypto
hours
Fee:
Free
Fee:
Free

Other Local/Alternative Methods (Alipay, UnionPay, BitPay, FasaPay)

other
hours
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 63%, 2: License 33%, 3: Software 51%, 4: Spread 0%, 5: Account Type 32%, 6: Symbol 0%
Regulation
63%Fair
License
33%Poor
Software
51%Fair
Spread
0%Poor
Account Type
32%Poor
Symbol
0%Poor

Company Information

Full Name:MYFX Group Limited
Founded:2013
Headquarters:Seychelles
Enterprise Offices:N/A

Customer Support

Phone:
+64 9 889 4022
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Overview of MYFX Markets Broker

Introduction:

MYFX Markets is a web based trading brokerage that offers traders access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as well as the necessary client services to sign up for an account and receive customer support. While the website offers some basic functionality, publically available information about the broker's operations, regulatory status, and trading conditions are mostly non-existent, thus this overview will be based upon information verified directly from the MYFX Markets website.

Background and History:

MYFX Markets does not disclose its founding year, history, founders, or where it operates from. Because of this lack of corporate and historical transparency, prospective clients may want to give this broker some thought when assessing the broker's credibility.

Main Features and Offerings:

Trading Platforms:

MYFX Markets offer the industry’s best trading platforms.

Platform: Laboratory

Platform Type:

Mobile Applications Available:

Automated Trading:

Set up of Trading Platform:

Help and Support

The MYFX Markets website has some additional content to help the account holder set-up their account and to help the account holder learn how to use the trading platform, however, there is no basic technical specifications of the broker’s systems. Nor, do they have any proprietary trading software available for trading.

Account Types and Instruments Available for Trading: There is no official statement available on what account types or instruments can be traded. Potential clients can only contact customer support or create an account to get the information.We've created a unique offering with our online client area that allows for a streamlined process for both clients' trading and KYC verification.

Customer service can be accessed via email on a standard basis; no unique features or trading tools or competing execution methods are highlighted on our site.

Compliance with regulations is key. While we don’t have much information regarding our regulatory licensing at the time of writing this article, we hope to have it available as soon as possible.

MYFX Markets is backing their customers with industry-leading technology developed by the team at MetaTrader including high-end charts, automated trading, and multi-device access. Unfortunately, the company has no technical documentation available to assist customers with the use of the platform.

The following fees have not been disclosed to customers. All inquiries will require contacting customer support.

There are currently no references to client testimonials, reviews, or external ratings on the MYFX Markets website. Support is available via the Help Center and through customer service; however the only real way to evaluate our support is through third-party sources.

Currently, there is no publicly available news section, press releases or updates about our development plans for 2024 through 2025 on our website.

If you require more information regarding MYFX Markets, please visit our website or contact us directly at [support email address].

In summary, MYFX Markets' main focus is on delivering access to MT4 and MT5 along with a limited range of services such as account management and customer support. Critical company information – including their trading practices – is not offered to potential clients via their website and the only way for potential clients to get all information they need is through contacting the broker.

Regulatory Licenses

Compliance & oversight

2 licenses
United Kingdom
FCATier 1
United Kingdom
License Details
Type:N/A
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Seychelles
FSATier 3
Seychelles#SD202
License Details
Type:Retail Forex License
License #:SD202
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

3 types
Standard
Standard
Leverage 1:1000 • Commission No commission
Leverage1:1000
CommissionNo commission
Pro
VIP
Leverage 1:500 • Commission $7 per lot
Leverage1:500
Commission$7 per lot
Micro
Cent
Min Deposit USD 30 • Leverage 1:500 • Commission No commission
Min DepositUSD 30
Leverage1:500
CommissionNo commission
3
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Credit/Debit Cards (Visa, Mastercard)
Credit CardInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawals must return deposited funds to the same card first; profits withdrawn by bank transfer. Card withdrawal fees not documented. Processing times for card refunds vary and can take several days.
Bank / International Bank Wire (SWIFT) / Local Bank Transfer
Bank Transfer2 min
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:USD 20
Min:N/A
Max:N/A
Withdrawal fees may vary by region and payment provider. Minimum withdrawal amounts vary by method and account; consult broker for exact limits.
E-wallets (Skrill, Neteller, regional e-wallets)
E-WalletInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawal methods and fees for e-wallets not explicitly documented; profits typically withdrawn by bank transfer.
Cryptocurrency (Tether USDT, Bitcoin, Ethereum)
Cryptocurrencyhours
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Crypto withdrawals are not supported; profits must be withdrawn by bank transfer. Deposit availability varies by product and region.
5
Free Deposit
5
Instant
1
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with MYFX Markets: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark MYFX Markets at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for MYFX Markets

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://www.myfxmarkets.com/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

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