Forex broker review

MYFX Markets Review 2026

myfxmarkets.com

Overview and safety

55/100

What is MYFX Markets (Myfxmarkets.com)?

MYFX Markets is an international forex/CFD broker brand currently presented through two offshore legal relationships: MYFX GROUP LIMITED in Seychelles and MYFX Group (Union of Comoros). The current Seychelles FSA Capital Markets register independently lists MYFX GROUP LIMITED and links the MYFX Markets trade name and myfxmarkets.com domain. The broker states Seychelles Securities Dealer licence SD202.

MYFX GROUP LIMITED is incorporated in Seychelles under number 8435863-1 and states FSA licence SD202. The site separately identifies MYFX Group (Union of Comoros) and claims licence L15835/MYFX from an entity it calls the Union of Comoros Offshore Finance Authority. Banque Centrale des Comores states that only financial institutions duly approved by the central bank may carry out financial or banking activities under a Comorian authorisation; this review did not independently verify L15835/MYFX as a BCC authorisation, so it receives no equivalent national-regulator credit.

What are the Pros of MYFX Markets?

The main strengths are a current Seychelles FSA entity/domain match, detailed Standard/Pro/Micro account specifications, MT4 and MT5, explicit Expert Advisor/scalping/hedging permission, current withdrawal help, web-based copy trading and a dedicated MT4 MAM/PAMM system.

For active comparison purposes, the most important concrete advantages are the current English account table publishes Standard spreads from 1.0 pip with no commission, Pro spreads from 0.0 pips with $7 per lot commission, and Micro spreads from 1.0 pip with no commission. The Japanese account table currently shows a slightly different Pro commission of $6.65 per lot, so the review preserves that localization discrepancy rather than inventing one universal rate. and MetaTrader 4 and MetaTrader 5 are both current first-party offerings across desktop, web and mobile. Micro is MT4-only in the current account table. The broker also permits third-party Expert Advisors/plugins and advertises a web copy-trading service..

What are the Cons of MYFX Markets?

The main drawbacks are the reviewed service is offshore rather than EEA/UK-regulated, the broker's separate Comoros licence claim was not independently validated as Banque Centrale des Comores authorisation, current first-party pages contain inconsistent minimum-deposit/Pro-commission figures, and the broker explicitly excludes residents or citizens of the European Union, United States, Australia and Canada among other jurisdictions.

A prospective client should also account for jurisdiction differences: The current legal footer explicitly says the MYFX entities do not provide services to residents or citizens of the European Union. Belgium is therefore unavailable on the broker's own terms, and the separate Belgian FSMA restriction on electronic distribution of leveraged OTC CFDs/rolling-spot forex is preserved. No Belgian Open Account CTA should be enabled.

What are the MYFX Markets Current Promos?

The current support FAQ says MYFX Markets may offer promotions or bonuses and directs users to current campaign terms, but this review did not verify a universal active September 2026 deposit bonus from the authoritative source set. Historical campaigns are not presented as current benefits or used in scoring.

What are the MYFX Markets Highlights?

Key 2026 highlights include Standard, Pro and Micro accounts; published spreads from 0.0 pips on Pro; Standard leverage up to 1:1000 for eligible balances; MT4/MT5; 50+ FX pairs plus metals, indices/commodities and crypto CFDs on applicable accounts; web copy trading; MT4 MAM/PAMM; and current Seychelles FSA registry evidence for MYFX GROUP LIMITED. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

What is the MYFX Markets Origin Story?

The current authoritative source set identifies MYFX GROUP LIMITED in Seychelles and MYFX Group (Union of Comoros) but does not provide a sufficiently clear independently verifiable brand-founding date or named founder. No founding year or founder is invented in this review.

Is MYFX Markets Legit and Trustworthy?

MYFX Markets has a current independently verifiable Seychelles regulated entity: the Seychelles FSA Capital Markets register lists MYFX GROUP LIMITED and links both the MYFX Markets trade name and myfxmarkets.com. The broker states Securities Dealer licence SD202. The separate Comoros L15835/MYFX claim is not treated as equivalent national-regulator evidence because Banque Centrale des Comores says only institutions duly approved by BCC may operate financial or banking activities under Comorian authorisation, and no BCC approval for the reviewed MYFX entity was verified.

Is MYFX Markets Regulated and who are the Regulators?

MYFX Markets currently has one independently verified broker-regulator relationship and one separate offshore-authorisation claim that requires a caveat. MYFX GROUP LIMITED, Seychelles company 8435863-1, is independently listed in the Seychelles FSA Capital Markets register under the MYFX Markets trade name and myfxmarkets.com domain; the broker states Securities Dealer licence SD202. That is the current regulated brokerage entity verified for the reviewed Seychelles route.

MYFX Group (Union of Comoros) separately claims licence L15835/MYFX from a body the broker calls the Union of Comoros Offshore Finance Authority. ForexBrokersInfo did not verify that claim as an approval by Banque Centrale des Comores. The BCC's current public position states that only institutions duly approved by the central bank may exercise financial or banking activities under a Comorian authorisation. L15835/MYFX is therefore preserved as a current first-party offshore-authorisation claim/caveat rather than presented as recognised BCC retail-forex supervision. This does not negate the separately verified Seychelles FSA relationship.

A third legal entity appears in the current MYFX documentation but is not a broker licence: Milsons Fintech Ltd, England and Wales company 11510891, is explicitly described as an unregulated payment agent acting for MYFX GROUP LIMITED. It is not presented as FCA-authorised or as an investment-services entity. Protection remains entity-specific: MYFX states that Seychelles customer funds are held in a segregated trust account, but no EEA/UK-style statutory compensation scheme or clear universal negative-balance-protection commitment was verified. MYFX expressly excludes residents or citizens of the European Union, so Belgium is unavailable independently of the separate FSMA restrictions on leveraged OTC CFDs and rolling-spot forex; no Belgian Open Account CTA should be shown.

Verified regulators and legal entities
RegulatorLegal entityLicence / statusOversight rating
BCCBanque Centrale des ComoresMYFX Group (Union of Comoros)MYFX claims an offshore licence from a body it calls the Union of Comoros Offshore Finance Authority; BCC states only institutions duly approved by BCC may conduct financial/banking activity under Comorian authorisation, and no BCC approval for this entity was verifiedLicence L15835/MYFX (broker-claimed offshore licence; not verified as BCC authorisation)38/100Limited oversight
FSASeychelles Financial Services AuthorityMYFX GROUP LIMITEDcurrent Seychelles Securities Dealer legal entity using the MYFX Markets trade name and myfxmarkets.com domainLicence SD20249/100Limited oversight

Did MYFX Markets win any Awards?

No material independent 2026 award with a current authoritative issuer/title/date was verified from the reviewed source set, so awards receive no rating credit.

What type of Forex Broker is MYFX Markets?

MYFX Markets offers OTC leveraged forex and CFD trading. The current source set does not establish an independently audited universal agency/STP/ECN execution model, so the review does not label the broker as no-dealing-desk or true ECN merely because it offers a Pro raw-spread-style account.

How do I get in Contact with MYFX Markets?

Current first-party support is available 24/5 during market hours through the website/help environment. The Seychelles legal/business office is IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahe, Seychelles. Clients should use authenticated client-office or official site channels for payment/account issues.

Where are the Headquarters from MYFX Markets based?

The regulated Seychelles company publishes a business office at IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahe, Seychelles. The separate Comoros entity publishes Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros. There is no single group headquarters inferred beyond those legal disclosures.

What kind of Customer Support is offered by MYFX Markets?

MYFX Markets states that customer support is available 24/5 during market hours. The current help centre also supplies payment/account procedures. No guaranteed response-time SLA is assumed beyond what a specific help article states.

Which Educational and Learning Materials are offered by MYFX Markets?

The current site provides educational resources, FAQs and trading/platform guidance. These materials are broker education rather than personalised financial advice and do not affect the safety score.

Does MYFX Markets hedge Positions?

The current trading-conditions FAQ explicitly permits hedging, scalping and Expert Advisors, subject to the Client Agreement and prohibition on unlawful trading techniques.

Accounts and eligibility

75/100

Can anyone join MYFX Markets?

Applicants must be at least 18 or the local age of majority, satisfy KYC and be in an eligible jurisdiction. The current legal page excludes residents or citizens of the United States, Australia, Canada, the European Union, Iran, North Korea, Belize and Russia, with additional restricted locations listed. Japan is also expressly described as a non-directed market.

Who should sign up with MYFX Markets?

MYFX Markets is best suited to eligible non-restricted traders who specifically want MT4/MT5, high offshore leverage, EA/scalping support, copy trading or MAM/PAMM and who knowingly accept the Seychelles-regulated/offshore legal framework

Who should NOT sign up with MYFX Markets?

MYFX Markets is a weaker fit for EU/Belgian, US, Australian or Canadian residents/citizens under the current restriction list; clients requiring FCA/CySEC-style retail protections or a verified statutory compensation scheme; or users unwilling to reconcile entity and pricing differences before funding

Does MYFX Markets offer Discounts, Coupons, or Promo Codes?

No current universal spread rebate/cashback programme was verified from the authoritative September 2026 source set. Promotions, where offered, are campaign-specific and have no positive influence on the rating.

Which Account Types are offered by MYFX Markets?

Standard uses MT4/MT5, spreads from 1.0 pip, no commission, five base currencies and up to 1:1000 leverage for balances up to $7,000; Pro uses MT4/MT5, spreads from 0.0, a published English-page commission of $7 per lot and up to 1:500 for balances up to $50,000; Micro uses MT4, USD, 1,000-unit contract lots, spreads from 1.0 pip, no commission, $30 published minimum and up to 1:500. The current English table shows $0 minimum deposit for Standard/Pro while a separate funding FAQ states a general $200 minimum, so no single universal minimum is invented.

How to Open a MYFX Markets LIVE Account?

To open a live account, Register through the official client-office route, provide personal/residency details, upload proof of identity and proof of address, wait for KYC approval and then fund an eligible account. The help centre says identity approval is required before MT4/MT5 credentials are issued. Applicants in restricted jurisdictions must not proceed. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

How to Open a MYFX Markets DEMO account?

MYFX Markets offers demo accounts for platform/strategy practice. Demo trading is virtual and the broker itself warns that it does not reproduce real profit/loss or all live execution conditions.

If I violate the Trading Objectives of MYFX Markets do I get a second chance?

MYFX Markets is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

How Are You Protected as a Client at MYFX Markets?

The broker states that customer funds are held in a segregated trust account. The Seychelles FSA register independently verifies the legal entity/domain relationship, but this review did not verify an EEA/UK-style statutory investor-compensation scheme or a clear current group-wide negative-balance-protection commitment applicable to every MYFX route. Those protections are therefore not invented.

What are MYFX Markets AML ID requirements?

Current onboarding requires proof of identity and proof of address, with matching personal information. Withdrawals generally must go to an account/method in the same client name, reflecting AML/payment-source controls.

Deposits, withdrawals and fees

72/100

Which Deposit and Withdrawal options are available at MYFX Markets?

The current funding FAQ supports several major account/deposit currencies and directs clients to the Client Office for available methods. A current withdrawal guide says requests are submitted under Payments > Withdraw and generally use the same method as the deposit, with the destination name matching the trading account. Another July 2026 help article says MYFX processing is completed within 1–3 business days and receipt is typically same day to about three additional business days depending on the method.

Which Funding methods or Deposit Options are available at MYFX Markets?

The current funding FAQ states that available deposit currencies include USD, AUD, JPY, EUR and GBP for bank wires and that additional funding methods appear in the Client Office. The review does not create a universal method list for every country because the cashier can vary by route.

What is the Minimum Deposit Amount at MYFX Markets?

Current first-party sources conflict. The English account table shows $0 minimum for Standard/Pro and $30 for Micro, while the general funding FAQ states $200 or equivalent. The review therefore reports the account-specific figures and explicitly flags the separate $200 general-funding statement rather than choosing one unsupported universal minimum.

Which Withdrawal methods are available at MYFX Markets?

Use the Client Office and, as a general rule, the same withdrawal method used for the deposit. The beneficiary/account name must match the registered trading-account name. Method availability is residency/payment-provider dependent.

How can I Withdraw Money from MYFX Markets Step by Step?

Submit under Payments > Withdraw, satisfy any verification request and monitor status in Payments > History. MYFX says its processing completes within 1–3 business days; arrival after processing is typically same day to around three business days depending on the method.

Does MYFX Markets Payout?

No trading or copy-provider return is guaranteed. Published withdrawal timelines are broker service targets and were not independently audited as a payout-success rate.

Which Fees are charged by MYFX Markets?

Standard and Micro are commission-free in the current account table; Pro is commission-based. The English table currently says $7 per lot while the Japanese table says $6.65 per lot. Variable spreads and overnight swap/financing charges apply. Swap rates depend on market/product conditions and should be checked in the platform/current product schedule.

Trading conditions and platforms

84/100

What can I trade with MYFX Markets?

The current site offers leveraged CFDs across forex, indices, metals, commodities and cryptocurrencies. Standard/Pro account pages publish 50+ FX pairs plus crypto, metals and CFDs; Micro is limited to 50+ FX pairs and metals in the current table.

Which Trading Platforms are offered by MYFX Markets?

MetaTrader 4 and MetaTrader 5 are offered for desktop, web and mobile. Standard/Pro support MT4/MT5; Micro is MT4-only. The broker also provides a web copy-trading service and an MT4-based MAM/PAMM system.

Which Trading Instruments are offered by MYFX Markets?

Current account pages identify more than 50 forex pairs plus additional leveraged CFDs across metals, indices/commodities and cryptocurrencies depending on account. No group-wide symbol count beyond verified current pages is invented.

Which Trading Servers are offered by MYFX Markets?

The current platform/help material identifies MYFX MetaTrader server environments, but individual server names can change by account. Clients should use the server stated in their verified account-opening email rather than a hard-coded review value.

Which are the Base Currencies supported by MYFX Markets?

Standard and Pro currently publish USD, JPY, AUD, GBP and EUR. Micro publishes USD only. A separate help article confirms those five available account currencies generally.

Can I trade Crypto with MYFX Markets? Which crypto currencies are supported by MYFX Markets?

MYFX offers cryptocurrency CFDs rather than direct coin ownership on the trading account. The funding FAQ explicitly says CFD clients do not acquire physical coins and therefore cannot withdraw coins unless the account itself was funded using cryptocurrency through an eligible method.

What is the Leverage on my MYFX Markets Trading Account?

Current published maximums are FX up to 1:1000, precious metals up to 1:500, oil/indices up to 1:100 and crypto up to 1:5. For Standard accounts, up to 1:1000 is available while margin/equity does not exceed $7,000 equivalent; above that the broker reduces leverage to 1:500, and above $50,000 to 1:400. Pro/Micro account-table limits are up to 1:500 for balances up to $50,000.

How can I change the Leverage on my MYFX Markets Trading Account?

The current leverage page says clients can request a leverage change through the Client Office account menu or by emailing customer support from the registered address, subject to product and balance limits.

What kind of Spreads are offered by MYFX Markets?

Standard and Micro publish spreads from 1.0 pip; Pro publishes spreads from 0.0 pips. These are variable starting points and do not guarantee all-session executable spreads.

Does MYFX Markets offer MAM Accounts or PAMM Accounts?

Yes. The current MYFX help centre describes a dedicated MT4-based MAM/PAMM system for account managers, with separate MAM and PAMM account structures and investor-level control of deposits/withdrawals.

Does MYFX Markets allow Expert Advisors?

Yes. MYFX explicitly permits Expert Advisors and promotes third-party EAs/MT4-MT5 plugins, while reserving the right to prohibit unlawful trading techniques under the Client Agreement.

Does MYFX Markets offer Copytrading?

Yes. MYFX Markets currently operates web-based copy trading that lets followers automatically replicate strategy providers and review provider performance statistics. Copy trading adds strategy/provider risk and does not imply guaranteed returns.

Sources

Last reviewed September 6, 2026. Product availability, leverage, pricing and client protection can differ by country and legal entity.

How ForexBrokersInfo rates forex brokers →