FCAUnited KingdomTier 1Licence number
No number recorded
View licence record- Licence holder
- Held by MYFX Markets
Not checkedUpdated
At a glance
Regulation on record for MYFX Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 2
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
MYFX Markets has 2 licences on record with Wikilix, issued by 2 authorities across 2 jurisdictions. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Jurisdictions
Licence record
Licences on record
Every licence on record for MYFX Markets, strongest authority first.
2 records
- FCAUnited KingdomTier 1
FSASeychellesTier 3Licence number
SD202
View licence record- Licence holder
- Held by MYFX Markets
- Licence type and regime
- Retail Forex License
- Offshore
Not checkedUpdated
Protection
What this licence protects
FCA's own rules for the firms it authorises.
- Compensation schemeUp to £85000 (FSCS)
- Client money kept separate
- Negative balance protection
- Complaints routeFinancial Ombudsman Service
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by MYFX Markets
Answered from the register entries on this page.
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.
MYFX Markets has 2 licence records with Wikilix, issued by 2 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
MYFX Markets holds licence records issued by FCA, FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by MYFX Markets comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by MYFX Markets has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
MYFX Markets has licence records in United Kingdom, Seychelles. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.