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MYFX Markets Review
Read our concise, full review on the pros and cons of MYFX Markets
Not available in United States
Written by
Angelo Martins 
Written by
Angelo Martins
Head of Content & Broker Expert
With 12+ years of experience in finance and trading, I leverage my extensive expertise as a lead content creator and broker expert at Clear Markets Ltd. In this role, I personally evaluate numerous listed brokers, conducting thorough assessments to provide unbiased insights. From opening live trading accounts to testing deposit and withdrawal methods, executing transactions, and engaging with customer services, I ensure a firsthand, transparent evaluation process.
Beyond my professional endeavours, I am deeply passionate about researching the financial industry and brokers. Drawing from my extensive experience in trading, including personally investing all of my savings in the capital markets, I am committed to making the complexities of personal investing accessible to everyone.
Beyond my professional endeavours, I am deeply passionate about researching the financial industry and brokers. Drawing from my extensive experience in trading, including personally investing all of my savings in the capital markets, I am committed to making the complexities of personal investing accessible to everyone.
Fact checked by
Evelina Laurinaityte
Fact checked by
Evelina Laurinaityte
Broker Partnerships Manager & Support Team Leader
Accomplished Broker Partnerships Manager and Customer Support Team Leader, I specialize in leveraging data-driven insights to enhance financial strategies and foster business growth, particularly within the retail sector. With a robust background as a Data Manager and Financial Analyst, my expertise lies in utilizing analytical approaches to optimize trading outcomes and investment strategies for clients.
Having previously worked with multiple CFD brokers in Cyprus, I maintain a strong commitment to staying current with industry trends. My analytical skills are pivotal in recommending tailored trading solutions that align with clients' specific needs and investor profiles.
Having previously worked with multiple CFD brokers in Cyprus, I maintain a strong commitment to staying current with industry trends. My analytical skills are pivotal in recommending tailored trading solutions that align with clients' specific needs and investor profiles.
Human moderated by
Jason Peterson
Human moderated by
Jason Peterson
Co-founder
As a Co-founder of Clear Markets Ltd, I help guide the technical and business strategy of brands under the Clear Markets umbrella. With a background in IT, I co-founded Clear Markets shortly after becoming a trader. I'm an active trader with experience in forex, crypto and stock trading. I enjoy exercise, taking family trips, and creating.
MYFX Markets User reviews
4.5
(2)
Ranked 36 out of 1740 (Forex Brokers)
This rating is based on 1 reviews by users that proved they are real customers of this company and 1 that did not.All reviews undergo significant human and technical moderation.Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.
19 October 2023
Joy Q
Approved reviewer
Location: Australia
19 October 2023
5.0
Approved reviewer
My experience with MYFX has been consistently positive over the past three years. They provide excellent pricing and customer service. I've maintained multiple accounts with them and have always found their platform and team to be top-notch. Their funding and withdrawal procedures are incredibly seamless, and they execute orders with impressive speed.
0
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20 January 2020
MASATO TANAKA
Verified reviewer
Location: Japan
Account types: Pro
20 January 2020
4.0
Verified reviewer
当初は不安でしたが、現在はサーバー、スプレッドともに安定しているので、優良なブローカーだと思います。
Translation:
I was worried at first, but now the server and spread are stable, so I think it is a good broker.
MYFX Markets Regulation / Money Protection
0.0| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
|
MYFX Markets LLC
Saint Vincent and the Grenadines |
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500 : 1 |
MYFX Markets Profile
| Company Name | MYFX MARKETS LLC |
| Categories | Forex Brokers, Forex Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2013 |
| Headquarters | Saint Vincent and the Grenadines |
| Office Locations | Australia, New Zealand |
| Account Currency | AUD, JPY, USD |
| Support Languages | Chinese, English, Japanese |
| Funding Methods | Bank Wire, Bitcoin, BPAY, Credit Card |
| Financial Instruments | Forex, Oil/Energies, Cryptocurrencies |
| Prohibited Countries | Iran, United States |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
MYFX Markets Account types
| Standard | Pro | |
| Commission | - | AUD$7.00 Per Lot |
| Maximum leverage | 500:1 | |
| Mobile Platform | MT4 Mobile | |
| Trading platform | MT4 | |
| Spread Type | Variable Spread | |
| Minimum Deposit | 200 | 1000 |
| Minimum Trade Size | 0.01 | |
| Trailing Stops | | |
| Scalping Allowed | | |
| Hedging Allowed | | |
| Islamic Accounts | | |
| Standard | |
| Maximum leverage | 500:1 |
| Typical Spread | 0.6-1.8 |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 200 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Pro | |
| Commission | AUD$7.00 Per Lot |
| Maximum leverage | 500:1 |
| Typical Spread | 0.1- 1.0 |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 1000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
MYFX Markets Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
myfxmarkets.com
|
| Organic monthly visits | 16,314 (99%) |
| Organic traffic rank | 284 out of 1740 (Forex Brokers) |
| Paid monthly visits | 208 (1%) |
| Total monthly visits | 16,522 |
| Bounce rate | 46% |
| Pages per visit | 3.69 |
| Average visit duration | 00:06:21.0590000 |
MYFX Markets User reviews
My Review
4.5
(2)
Ranked 36 out of 1740 (Forex Brokers)
This rating is based on 1 reviews by users that proved they are real customers of this company and 1 that did not.All reviews undergo significant human and technical moderation.Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
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Reviews:
19 October 2023
Joy Q
Approved reviewer
Location: Australia
19 October 2023
5.0
Approved reviewer
My experience with MYFX has been consistently positive over the past three years. They provide excellent pricing and customer service. I've maintained multiple accounts with them and have always found their platform and team to be top-notch. Their funding and withdrawal procedures are incredibly seamless, and they execute orders with impressive speed.
20 January 2020
MASATO TANAKA
Verified reviewer
Location: Japan
Account types: Pro
20 January 2020
4.0
Verified reviewer
当初は不安でしたが、現在はサーバー、スプレッドともに安定しているので、優良なブローカーだと思います。
Translation:
I was worried at first, but now the server and spread are stable, so I think it is a good broker.
- 1
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
Account types user rating
Standard (2)
MYFX Markets Cashback rebates
Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
| Standard | Pro | |
| Forex | 0.30 Pips | AUD$1.50 Per Lot |
| Other | No Rebates Paid | |
| Payment Options |
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily. | |
| Standard | |
| Forex | 0.30 Pips |
| Other | No Rebates Paid |
| Payment Options |
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
|
| Pro | |
| Forex | AUD$1.50 Per Lot |
| Other | No Rebates Paid |
| Payment Options |
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time “reports” are posted on your profile dashboard: 1) for most MT4 accounts every 10 minutes; 2) for XM accounts every few hours; 3) and for all: MT5, Tickmill, IC Markets, IC Trading & EightCap accounts (Crypto transactions are not included in Real-time reports) once daily.
|
What are MYFX Markets rebates?
MYFX Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do MYFX Markets rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much MYFX Markets rebates can I earn?
Use our forex rebate calculator to estimate your MYFX Markets rebate earnings:
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Forex pairs are 100,000 units per 1 lot
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image
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