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MYFX Markets logo

MYFX Markets

Offshore
Seychelles
,
Since 2013
Last Updated:

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 65%, 2: License 29%, 3: Software 51%, 4: Spread 0%, 5: Account Type 32%, 6: Symbol 0%
Regulation
65%Good
License
29%Poor
Software
51%Fair
Spread
0%Poor
Account Type
32%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 1
United Kingdom flag
Regulated
FCA | United Kingdom
Regulatory Licenses:
Tier 3
Seychelles flag
Retail Forex License
Offshore
FSA | Seychelles

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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Editorial review
Updated

Broker Summary

What Wikilix has recorded about MYFX Markets: its history, the licences it holds, its trading conditions and its fees.

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.

Regulation check

Regulatory Licenses

MYFX Markets is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
1
Offshore
1

WIKILIX

Licence intelligence

The strongest of 2 licences on file

Licence Verification Record

Financial Conduct Authority No number recorded

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
United Kingdom
Authority strength
Tier 1
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to £85000 (FSCS)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeFinancial Ombudsman Service
  • Maximum leverage1:30

These are the rules FCA sets for the firms it licenses. They are not a statement about how MYFX Markets applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the FCA licence recordAbout FCA

Tier 3 and 4 authorities

1 licence
Trading accounts
Updated

Account Types

3 account types on record. Minimum deposit from USD 30. Leverage up to 1:1000.

3 account types
AccountMin DepositLeverageCommission
StandardNot recorded1:1000No commission
ProVIPNot recorded1:500$7 per lot
MicroCentUSD 301:500No commission
Account names and conditions as published by MYFX Markets, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 2 credit instantly.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Credit/Debit Cards (Visa, Mastercard)Credit Card
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.
Not recordedNot recordedUSD 100Not recordedNot recordedInstant
Bank / International Bank Wire (SWIFT) / Local Bank TransferBank Transfer
Withdrawal fees may vary by region and payment provider. Minimum withdrawal amounts vary by method and account; consult broker for exact limits.
Not recordedUSD 20USD 100Not recordedNot recorded2 days
E-wallets (Skrill, Neteller, regional e-wallets)E-Wallet
Withdrawal methods and fees for e-wallets not explicitly documented; profits typically withdrawn by bank transfer.
Not recordedNot recordedUSD 100Not recordedNot recordedInstant
Cryptocurrency (Tether USDT, Bitcoin, Ethereum)Cryptocurrency
Crypto withdrawals are not supported; profits must be withdrawn by bank transfer. Deposit availability varies by product and region.
Not recordedNot recordedUSD 100Not recordedNot recordedhour
Other Local/Alternative Methods (Alipay, UnionPay, BitPay, FasaPay)Other
Availability depends on region and local payment providers. Withdrawal restrictions and fees vary and are not comprehensively published.
Not recordedNot recordedUSD 100Not recordedNot recordedhour
Fees, limits and processing times as published by MYFX Markets, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 5 and MetaTrader 4.

2 platforms
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • www.myfxmarkets.comMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Frequently Asked Questions

Frequently Asked Questions

Common questions about MYFX Markets

Most Popular Questions
According to WIKILIX data, MYFX Markets offers leverage up to 1000:1 under Seychelles regulation. However, under FCA regulation in the UK, the maximum leverage is limited to 30:1, reflecting stricter regulatory requirements.
The minimum deposit amount required by MYFX Markets is 200 USD. This applies generally across their account offerings, though specific account types and regional variations may apply.
MYFX Markets accepts deposits via credit/debit cards, bank wire transfers, e-wallets, cryptocurrencies, and some local payment methods like Alipay and UnionPay. Withdrawals typically require returning deposited funds to the original card or bank transfer for profits, with withdrawal fees varying by method, such as a $20 fee for some international bank wires.
MYFX Markets provides access to MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are available on multiple devices including web, iOS, Android, Mac, and Windows, supporting a range of trading needs with advanced charting and algorithmic tools.
MYFX Markets is regulated offshore by the Seychelles Financial Services Authority (FSA) and also holds regulation from the UK's Financial Conduct Authority (FCA). The FCA is a tier 1 regulator with high transparency and client fund insurance up to £85,000. However, the FSA regulation is considered offshore with lower transparency and no client fund insurance.
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