MyFX Markets-Some Detailed Information about This Broker
Abstract：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.
| 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 Information
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 and Cons
| Pros | Cons |
| Various trading markets | Regional restrictions |
| Demo accounts | |
| Multiple account types | |
| MT4 and MT5 platforms | |
| No minimum deposit |
Is MYFX Markets Legit?
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.
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 Type | Accepted Currencies | Minimum Deposit |
| Standard | USD, JPY, AUD, GBP, EUR | $0 |
| Pro | ||
| Micro | USD | $30 |
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 Type | Maximum Leverage |
| Standard | 1:1000 |
| Pro | 1:500 |
| Micro |
MYFX Markets Fees
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
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ✔ | Desktop, mobile, web | Experienced traders |
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