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
FCATier 1Regulated
FSATier 3Regulated
Account Types
Trading account options
StandardStandardLeverage 1:1000 • Commission No commission
ProVIPLeverage 1:500 • Commission $7 per lot
MicroCentMin Deposit USD 30 • Leverage 1:500 • Commission No commission
Funding Methods
Deposit & withdrawal options
Credit/Debit Cards (Visa, Mastercard)Instant
Bank / International Bank Wire (SWIFT) / Local Bank Transfer
E-wallets (Skrill, Neteller, regional e-wallets)Instant
Cryptocurrency (Tether USDT, Bitcoin, Ethereum)
Trading Platforms
Professional trading tools
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
Spread data is indicative and for comparison purposes only



Comments
Share your thoughts and experiences with MYFX Markets