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Score

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0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

MYFX Markets

Seychelles | 5-10 years |
Regulated in Seychelles | Retail Forex License | MT4 Full License | Global Business | United Kingdom Appointed Representative(AR) Revoked | High potential risk | Offshore Regulated

https://www.myfxmarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

MYFX-US01-Live

Japan
MT4
22

Influence

C

Influence index NO.1

Japan 3.64
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

22
Server Name
MYFX-US01-Live MT4
Server Location Japan

Influence

Influence

C

Influence index NO.1

Japan 3.64
Surpassed 23.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+64 9 889 4022
customer.service@myfxmarkets.com
https://www.myfxmarkets.com
Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros
Keywords 9
5-10 years
Regulated in Seychelles
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
United Kingdom Appointed Representative(AR) Revoked
High potential risk
Offshore Regulated
Warning: Low score, please stay away!
2025-06-23
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
4

Basic Information

Registered Region
Seychelles
Operating Period
5-10 years
Company Name
MYFX Group Limited
Abbreviation
MYFX Markets
Company employee
--
Customer Service Email Address
customer.service@myfxmarkets.com
Contact Number
+6498894022
Company address
Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros

yyyyyyyyy

Unverified

Japan

The contact information of the "Contact Us" section you want to spread is as follows. Address: 1a Wakeling Avenue, Te Atatu South, Auckland, 0610, New Zealand Tel: +64 9 889 4022 Email: customer.service@myfxmarkets.com The address is Auckland, New Zealand. Checking this address in Google Street View, it looks like a residential area, as shown in screen 1 below, but it is not very, but I think this address does not actually exist for foreign exchange traders. In addition, after checking the registration of New Zealand as a financial institution, it was found that the registration of the financial institution has been cancelled on the New Zealand Financial Service Provider Registration (FSPR) website. Registration was cancelled on May 9, 2015. Screen 2 If you check the legal person registration from here, it also seems to be considered deleted (registration cancelled). The deregistration time is June 20, 2017, which is more than two years after the deregistration of the financial institution. Screen 3 The reason for the cancellation of registration is not stated, but I think the contractor who received the cancellation of registration is not credible.

Exposure

2021-06-30

FX3855606251

Unverified

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

2019-08-04

FX3855606251

Unverified

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

2019-07-03

Romandic

Unverified

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

2024-07-24

Taraquan

Unverified

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

2024-06-21

紫葳

Unverified

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

2023-02-24

FX3855606251

Unverified

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

2019-07-01

FX2344544292

Unverified

Hong Kong

I’ve got proofs. Be alert, people!

Exposure

2019-05-29

一点就暴富

Unverified

Hong Kong

My MT4 account is 88000200. They said I violated their rules although all my orders were manual orders over several minutes. Obviously, this is a dealing-desk broker since they won’t let me withdraw and banned my account for no reason. Later they found more excuses to ask me to wait. At first when I was getting to know the platform, the customer manager said I can withdraw on Myfx Markets with no limits. I deposited $3000 and earned $5000. In Saturday, I applied for a withdrawal and the customer manager told me at Monday morning that the request is in process. However, at that very afternoon, I failed to log in to my MT4 terminal and found myself banned. I asked the customer manager and the service, who said I violated their rules and it is under checking which will take 1 or 2 weeks to give me reply. But the thing is, they banned my MT4 account and backstage account for no reason, saying that I violated their rules. Obviously they just didn’t want me to withdraw. They told me the head in office is in off hours when I asked them again. But they’ve got another office in Shanghai. Can I just call Shanghai police and let them arrest these people? I looked up online and found that actually Myfx Markets is a white label of FIXI, which has closed. I wonder if they rejected my withdrawal request as they are about to abscond. I called Shanghai police and reported to FCA them and their transaction channel. Here are the proofs. Stay away from this broker.

Exposure

2019-05-29

FX2229959655

Unverified

Hong Kong

I applied to be a salesman at Myfx Markets in April 2018. I have pulled my previous customers into here,they making losses and profits. But at the end of the year, the platform's parent company, FXIX, went bankrupt, and many people wanted to withdraw money. Since the dealing-desk parent company collapsed. The platform was to lay off some employees and the boss claimed to do business in Australia.Actually,he was just to abscond to Australia. It owed me 2 months of commissions,up to hundreds of thousands of money, and 2 months of salary, saying that if I didn’t work for it,I wouldn’t get my commission.So I have to rent a room around Nanjing Road in Shanghai to maintain my clients.This single room became the office of the so-called Myfx Markets office in Shanghai. I was both customer service and salesman during that time, asking the boss for salary and commission.The boss said that it would be handed to me as long as the asset was audited. He told me that such a large platform wouldn’t treat me badly,asking me to work hard.But I have never believe.I just want to withdraw all my clients’ funds.The boss said that the client’s funds are too large to be transferred immediately,while it has not arrived yet for half a year. The day was uncomfortable,clients chasing debts.I showed the chatting with clients to the boss.Claiming to control risk,he sealed all clients’ accounts and MT4 with the reason of illegal trading.I was pulled in both directions.Exposing this,I just want to get my part and clients’ fund back.Hope boss of the platform not act this way and investor stay away from it. Everyone can see that there are a lot of complaints on WikiFX and Foreign Exchange 110. Clients are threatened to delete these exposures,or they will never get their money.The person in charge, Yuan Shuofang and Hu Zhiqiang. My name in Myfx Markets is Yang jie Real name: Yang jie Mobile phone:13764516945 QQ:114249465628

Exposure

2019-04-04

FX2089518254

Unverified

Hong Kong

There is a limitation on letter.So I sent the screenshots,Please have a look.

Exposure

2019-04-04

玖贰²⁰¹9

Unverified

Hong Kong

On March 11st,I opened an account and began to trade next day.On the other day,I applied for the withdrawal of $300.the platform sealed my account,allowing me to look.I argued with the customer service,why you ban my account?What’s the reason for declining my request?They just explained that it was in audit and their email sent on 20th couldn’t account for anything.On 26th,they sent me the email again,saying that I was straddling,and I must sign a document,which only give back the fund.I responded,asking for evidence.Nobody has replied to me till now! What platform it is?

Exposure

2019-04-01

绿光

Unverified

Hong Kong

The customer service of Myfx Markets claimed that deposit and withdrawal is unlimited,while giving no access to withdrawal now.I traded in Myfx Markets and made profits,applying to withdraw money.But the customer service said that I was trading illegally.How could be?All my orders were operated by myself,held for several minutes at least several minutes.Just because I made a profit? I couldn’t log in my account because of invalid background.Hope you stay away and avoid being cheated.Hope WikiFX help me take back my hard-earned money.

Exposure

2019-03-26

一点就暴富

Unverified

Hong Kong

I closed MT4 and background accounts when I earned money from trading on Myfx Markets praud platform. MT4 account:88000185, all the single is more than a few minutes or manual single said I illegal transactions, but it not given profit stated is fraud platform bet please stay away from it, there is no evidence to seal in advance, I will find any reason to shout me wait 1 to 2 weeks when just beginning to understand the platform customer manager said Myfx Markets traded without any restrictions can be withdraw, the gold $2800 profit more than $3400 week 6 proposed capital Monday morning then asked customer manager said the money has been waiting to audit accounts, but at noon login MT4 and background have been closed also can't log in,Ask customer manager and customer service directly say I violate trade LP is checking me to violate trade to need to wait 1 to 2 weeks answer, but premise does not have evidence to say I violate trade to still close me MT4 and backstage directly, make clear is profit does not withdraw.How ask headquarters said Australia has been off work, but the office is in Shanghai, if I was police took the police directly to Shanghai office directly to catch black platform, ascertained that Myfx Markets is wo to AR FIXI parent put brand, but the parent company have closed, is going to run the platform, did not give me a gold in Shanghai directly claim FCA and directly report to the police they pay channels, please exchange your third eye chakra can help investors, below is the figure of evidence, please stay away from the fraud platform to make money

Exposure

2019-03-26

victor

Unverified

Hong Kong

I traded on Myfx Markets and earned. Last Friday I applied for a withdrawal, but they said I violated their rules, although all my orders were manual orders over several minutes. Now they banned my account. This is a scam platform.

Exposure

2019-03-26

15
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Official website

Website

myfx.group
52.41.251.132
myfxmarkets.com
35.155.153.6

Genealogy

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Relevant Enterprises

MYFX MARKETS PTY LIMITED(New Zealand)
Deregistered
New Zealand
Registration No. 4490898
Established 2013-07-02
Related sources Website Announcement

Company Summary

MYFX Markets Review Summary
Founded2011
Registered Country/RegionNew Zealand
RegulationNo regulation
Market InstrumentsForex, index CFDs, commodities, cryptos
Demo Account
LeverageUp to 1:1000
SpreadFrom 1.0 pips (Standard account)
Trading PlatformMT4, MT5
Minimum Deposit$0
Customer Support24/5 support, contact form
Tel: +64 9 889 4022
Email: customer.service@myfxmarkets.com
Address: Suite 802, 6 Glen Street, Milsons Point NSW 2061, Australia
U801 and U802, 6 Glen street, Milsons Point, NSW 2061, Australia
252 Great North Road, Grey Lynn, Auckland 1021, New Zealand
Regional RestrictionJanpan

MYFX Markets Information

MYFX Markets is an unregulated 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.

MYFX Markets Information

Pros and Cons

Pros Cons
Various trading marketsNo regulation
Demo accountsRegional restrictions
Multiple account types
MT4 and MT5 platforms
No minimum deposit

Is MYFX Markets Legit?

No. MYFX Markets currently have no valid regulations. Please be aware of the risk!

license
domain

What Can I Trade on MYFX Markets?

MYFX Markets offers trading on forex, index CFDs, commodities, and cryptos.

Tradable Instruments Supported
Forex
Index CFDs
Commodities
Cryptos
Stocks
Bonds
Options
ETFs

Account Type

MYFX Markets offers Standard account, Pro account and Micro account. Besides, it also offers demo accounts.

Account TypeAccepted CurrenciesMinimum Deposit
StandardUSD, JPY, AUD, GBP, EUR$0
Pro
MicroUSD$30
Account Type

Leverage

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 TypeMaximum Leverage
Standard1:1000
Pro1:500
Micro

MYFX Markets Fees

Spreads & Commissions

Account TypeSpreadCommission
StandardFrom 1.0 pips$0
ProFrom 0.0 pips$7/lot
MicroFrom 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.

Swap Rates

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, mobile, webBeginners
MT5Desktop, mobile, webExperienced traders
Trading Platform

Keywords

  • 5-10 years
  • Regulated in Seychelles
  • Retail Forex License
  • MT4 Full License
  • MT5 Full License
  • Global Business
  • United Kingdom Appointed Representative(AR) Revoked
  • High potential risk
  • Offshore Regulated

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※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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