Score
Seychelles
|
5-10 years
| https://www.myfxmarkets.com
Website
Rating Index
MT4/5
Full License
MYFX-US01-Live
Influence
C
Influence index NO.1
Japan 4.64
MT4/5 Identification
Full License
JapanInfluence
C
Influence index NO.1
Japan 4.64
LicensesLicensed Entity：MYFX Group Limited
License No. SD202
Seychelles
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
myfx.group myfxmarkets.com
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| MYFX Markets Review Summary | |
| Founded | 2011 |
| Registered Country/Region | New Zealand |
| Regulation | Seychelles Financial Services Authority (FSA) |
| Market Instruments | Forex, index CFDs, commodities, cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 1.0 pips (Standard account) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | 24/5 support, contact form |
| Tel: +64 9 889 4022 | |
| Email: customer.service@myfxmarkets.com | |
| Regional Restriction | Japan |
| Address | IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahé, Seychelles |
MYFX Markets is an online broker, offering trading on forex, index CFDs, commodities, and cryptos with leverage up to 1:1000 and spread from 0.0 pips on the MT4 and MT5 trading platforms. There is no minimum deposit requirement.
| Pros | Cons |
| Various trading markets | Regional restrictions |
| Demo accounts | |
| Multiple account types | |
| MT4 and MT5 platforms | |
| No minimum deposit |
Yes. MYFX Markets is regulated by the Seychelles Financial Services Authority (FSA), operating under an offshore regulatory status with a Retail Forex License (No. SD202) in Seychelles.
MYFX Markets offers trading on forex, index CFDs, commodities, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Index CFDs | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
MYFX Markets offers Standard account, Pro account and Micro account. Besides, it also offers demo accounts.
| Account Type | Accepted Currencies | Minimum Deposit |
| Standard | USD, JPY, AUD, GBP, EUR | $0 |
| Pro | ||
| Micro | USD | $30 |
MYFX Markets offers maximum leverage at 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
| Account Type | Maximum Leverage |
| Standard | 1:1000 |
| Pro | 1:500 |
| Micro |
Spreads and Commissions
| Account Type | Spread | Commission |
| Standard | From 1.0 pips | $0 |
| Pro | From 0.0 pips | $7/lot |
| Micro | From 1.0 pips | $0 |
Swap Rates
Swap rates at MYFX Markets refer to the interest paid or received for holding positions overnight, varying based on the financial instrument and market conditions, and playing a crucial role in your trading strategy.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ✔ | Desktop, mobile, web | Experienced traders |
One of my favorite features is that the Standard account has a $0 minimum deposit. Pro and Micro accounts require $30. In my myfx markets review, I consider this flexibility a big advantage for testing the waters.
The biggest drawback for me is its offshore regulation under FSA, which offers less investor protection. Also, there are regional restrictions like Japan. In my myfx markets review, I make it clear that this regulatory setup is the main risk.
From my experience, Standard and Micro accounts have spreads starting at 1.0 pip, while Pro accounts can go as low as 0.0. This is very competitive in my myfx markets review, especially for EA or high-frequency strategies.
Yes, MYFX Markets is regulated by the Seychelles FSA under offshore regulation, license number SD202. When I did my myfx markets review, the first thing I did was check the FSA registry to confirm the license exists. That said, offshore regulation is not the same as top-tier authorities like ASIC or FCA—it generally has looser rules on fund segregation and investor protection, so I personally treat it as higher risk.
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FX3855606251
Hong Kong
Please refund my withdrawal asap.Yongjie Yang ,a salesman of the platform and opened the account for me.After cheating me more than $200 thousand,he was denied by the platform.If they didn’t admit you,then what will you do after you deposited in the platform.The first screenshot shows that the platform denied to have such a salesman.I reserved the recording with the so-called legal staff.Can yoube serious before lying?Or your job is to lie?
Exposure
FX3855606251
Hong Kong
The platform called me and said if I disagreed with their settlement, they would turn to State Administration of Foreign Exchange (it means that the platform will surrender itself to justice). See attachment.
Exposure
FX3855606251
Hong Kong
MYFX markets is either offline or disconnected. My capital, profits and commissions added up to 240,000 dollars. It seems that all the money belongs to the platform as soon as it is deposited, and I can do nothing to change the situation. USDCAD short order reached at around 1.335, and USDCAD long order at around 0.698. USDCAD short order should take profit at 6.20, and USDCAD long order at 6.26. There are over 200,000 dollars in my account, unable to be withdrawn. My account was closed too. Be careful everyone!The platform told me over the phone that with few customers in China, they weren’t afraid of me and would not give my capital back.
Exposure
FX1825073414
Japan
This broker isn't particularly outstanding, but I think their account opening bonuses and deposit bonuses aren't bad. Maybe the lack of a loyalty program is the reason... The spreads are decent, and I don't particularly have the impression that it's inconvenient to use. Still, whether I'd use it as my main account is questionable... That might be why it doesn't stand out much.
Neutral
FX6369975932
Japan
I use it sparingly, but it's neither good nor bad. The spreads for AUD-related pairs are relatively tight, making minor scalping easier. The frequent delays in deposits and withdrawals are the only drawback.
Neutral
FX4024810576
Japan
I received an account opening bonus and traded after depositing 20,000 yen. I submitted a withdrawal request without meeting the bonus withdrawal conditions, but the bonus and profits were not forfeited. After fulfilling the withdrawal requirements, I was able to withdraw without any issues.
Positive
ナカみどり
Japan
There seem to be many campaigns. Deposits are also smooth.
Positive
Romandic
Mexico
MYFX Markets is the real deal! They offer tight spreads and generous leverage, giving traders like me the edge we need to succeed in the market.
Positive
Taraquan
Kazakhstan
Very Happy with the attention! Always kindly calling by Renato Balliu who gave me trust and be secure about all this broker. Amazing MYFX Markets, a lot tools and very easy to understand! Totally recommend broker! Thanks.
Positive
紫葳
India
Well no words for Myfx Markets, Why? It is perfect! Flexible trading leverage up to 1:500, no minimum deposit required, low minimum deposit. An amazing point is that demo trading environment is same as the real trading environment.
Positive