Brief information MYFX Markets
The international company MYFX Markets is an international intermediary specialising in leveraged trading. Its product catalogue combines currency instruments with CFDs based on market indices, metals, energy commodities and digital assets.
The brand’s legal structure includes entities incorporated in two offshore territories. MYFX Group operates from the Union of Comoros under authorisation L15835/MYFX, while the Seychelles-registered MYFX Group Limited holds permit SD202. The service is unavailable to residents of several regions, among them Australia, Canada, Russia, the United States and countries of the European Union.
The broker uses two online resources:
myfxmarkets.com contains product descriptions, pricing details and corporate information;
clientoffice.myfxmarkets.com provides access to the client area, account settings and payment functions.
Customer enquiries are accepted at +64 9 889 4022, through customer.service@myfxmarkets.com or via the feedback form. The Seychelles office is located at IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahé.
MYFXMarkets trading terms
Orders are placed through MetaTrader 4 and MetaTrader 5. Traders can work from a computer, smartphone or directly in a browser. The software includes analytical charts, indicators, pending orders and instruments for algorithmic strategies.
The product range comprises more than 50 markets from five categories:
currencies;
indices;
metals;
commodities;
cryptocurrency CFDs.
Depending on the account configuration, leverage is capped at 1:500 or 1:1,000. The company allows hedging, short-term scalping and the use of Expert Advisors. Currency trading runs from 22:00 GMT on Sunday to 21:59 GMT on Friday. Keeping a position open after the trading day may result in a swap debit or credit.
Trading accounts at MYFX Markets
Clients can select one of three account formats on MYFXMarkets:
Standard has a starting spread of 1 pip and does not charge a separate dealing commission. Orders begin at 0.01 lots, while leverage can reach 1:1,000 when equity does not exceed USD 7,000.
Pro uses raw pricing from 0 pips and applies a USD 7 fee for each traded lot. The smallest position is 0.01 lots and the leverage ceiling is 1:500.
Micro requires at least USD 30 to start. It combines commission-free execution, spreads from 1 pip and leverage of up to 1:500.
One Micro lot corresponds to 1,000 currency units. On Standard and Pro plans, the same lot represents 100,000 units. Micro clients receive a reduced selection of products, while the other two plans cover currencies, metals, crypto contracts and additional CFDs.
The pricing page does not set an entry threshold for Standard and Pro accounts, although the payment FAQ mentions USD 200 as the usual funding minimum. This inconsistency is worth confirming with support in advance. MYFX Markets also provides practice accounts and managed solutions based on MAM and PAMM technology.
Registration and personal account on myfxmarkets.com
Registration requires a name, email and country of residence. Clients must then verify their identity and address by uploading the requested documents. The Client Office provides access to account settings, transaction history, deposits and withdrawals.
Deposits and withdrawals with MYFXMarkets
The broker MYFX Markets accepts
bank transfers and cards,
cryptocurrency, depending on the client’s location.
Wire payments are available in USD, AUD, JPY, EUR and GBP.
Withdrawals are requested through the Client Office and sent only to an account belonging to the client. Processing normally takes 1–3 business days, while fees depend on the selected payment method.
Conclusion about MYFX Markets
Clients should consider the high leverage, offshore registration and jurisdictional restrictions. Before opening an account, traders should verify which legal entity will serve them, check the current payment fees and study the Client Agreement and MYFX Markets review on some other websites and forums.
