MYFX Markets Review 2026: Should You Trade with This Broker?

This MYFX Markets review provides an examination of the MYFX Markets broker's regulatory framework, licensing coverage, user complaint history, and overall standing as recorded on WikiFX. MYFX Markets has been operational for 5 to 10 years and offers offshore regulated trading services, but its WikiFX profile reflects a pattern of unresolved complaints that has materially affected its score.

According to WikiFX, MYFX Markets holds a WikiScore of 2.36 out of 10. WikiFX notes that this score has been lowered specifically due to a high volume of unresolved client complaints. The broker is classified as Offshore Regulation and carries a High Potential Risk label. For traders weighing up whether to open an account with MYFX Markets, the complaint record and the limitations of MYFX Markets regulation are two factors that warrant close attention.

View WikiFX's full profile on MYFX Markets here: https://www.wikifx.com/en/dealer/7961978851.html

Company Background

MYFX Markets is operated by MYFX Group Limited, registered in Seychelles. The broker has been in operation for 5 to 10 years and was originally incorporated in New Zealand, though its New Zealand company registration (MYFX MARKETS PTY LIMITED, Registration No. 4490898, established July 2013) is listed as deregistered on the WikiFX platform. The broker's current registered address is Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros.

The platform offers trading on Forex, index CFDs, commodities, and cryptocurrencies, with leverage up to 1:1000. Three account types are available, Standard, Pro, and Micro, with minimum deposits starting from USD 30 for the Micro account and no minimum deposit for Standard and Pro accounts. Trading is supported on both MT4 and MT5 platforms.

For traders researching MYFX Markets Forex services, the broker provides access to a range of currency pairs alongside CFDs and digital asset products.

Regulatory Status

MYFX Markets holds a Derivatives Trading Licence (EP) issued by the Seychelles Financial Services Authority (FSA) under Licence No. SD202. According to WikiFX's Q and A records, the broker also holds a separate Forex Trading Licence from the Anjouan Offshore Finance Authority (AOFA) in the Comoros. Neither the Seychelles FSA nor the AOFA are considered mainstream top tier regulatory authorities. WikiFX classifies the broker as Offshore Regulation, and its Regulation score of 1.76 reflects the limited weight that offshore licences carry in WikiFX's assessment model.

A field survey conducted by WikiFX on MYFX Markets' United Kingdom address returned a finding of No Physical Presence Found.

The broker has also appeared on a warning list published by Indonesia's BAPPEBTI in February 2022, which identified MYFX Markets among entities blocked for illegal commodity futures trading.

From a MYFX Markets regulation perspective, traders should understand that offshore licences generally provide fewer investor protections than licences issued by major regulators such as ASIC or the FCA.

What WikiFX Data Shows

MYFX Markets' WikiScore of 2.36 breaks down as follows: License at 0.00, Software at 8.98, Risk Control at 0.00, Business at 7.77, and Regulation at 1.76. The Software and Business scores are notably higher than most brokers in this risk tier, reflecting MT4 and MT5 Full Licence verification and a meaningful market presence, particularly in Japan.

However, the complete absence of valid forex licensing and an unresolved complaints record have suppressed the overall score significantly. WikiFX records a total of 9 user complaints against this broker.

For anyone conducting a review MYFX Markets analysis, the contrast between the broker's technical infrastructure and its complaint history is one of the most notable findings.

User Reviews

WikiFX records 19 user comments for MYFX Markets: 5 positive, 2 neutral, and 12 exposures. The exposure pattern is extensive and spans several years. Multiple users from Hong Kong reported that profitable accounts were frozen without justification, with MYFX Markets citing alleged rule violations despite orders being placed manually and held for several minutes. Users described an inability to log into their MT4 accounts or withdrawal portals after requesting funds.

In one case, a user reported total losses exceeding USD 240,000, with the platform reportedly stating over the phone that it was not concerned about the client's ability to seek recourse. A former internal employee also submitted an exposure alleging that the broker's parent entity had collapsed, that client funds went unaddressed for extended periods, and that accounts were blocked when profits were at stake.

More recent reviews from Japanese users in 2025 are more mixed. Some describe average to positive experiences with spreads and deposit bonuses, while others note frequent delays in deposits and withdrawals as a persistent drawback.

MYFX Markets Login and Account Access

Several user reports on WikiFX reference difficulties accessing trading accounts after withdrawal requests were submitted. While these complaints do not necessarily reflect the experience of every client, traders researching MYFX Markets login reliability should carefully review the available exposure reports and verify account access procedures before depositing funds.

As with any broker, secure and consistent platform access is an important part of the overall client experience.

Key Takeaways

MYFX Markets operates under offshore regulation that does not offer the investor protection standards associated with major financial authorities such as ASIC or the FCA. Its WikiFX score has been explicitly reduced due to a high volume of unresolved complaints, and the pattern of those complaints, including blocked withdrawals, frozen accounts, and denied profits, is consistent across multiple years and geographies. While the MYFX Markets broker maintains a functional trading infrastructure with MT4 and MT5 support and competitive spreads, the risk profile documented on WikiFX is substantial.

Traders are strongly advised to verify the applicable regulatory entity for their trading account, understand what protections, if any, apply under Seychelles or Comoros regulation, and review the full complaint record on WikiFX before committing funds. For those evaluating MYFX Markets Forex services, MYFX Markets regulation, MYFX Markets login functionality, or seeking a comprehensive MYFX Markets review, the available data suggests a cautious approach is warranted.