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Myfx Markets review

Myfx Markets review: regulation (No), minimum deposit $500, leverage up to 400:1, platforms and current bonuses.

Myfx Markets logo
Minimum deposit$500
Max. leverage400:1
Spread from0.0 Pip
Broker typeSTP/ECN
Founded2016
CountryAustralia
3.8of 5
Open account

Trading conditions

Broker type
STP/ECN
Minimum deposit
$500
Maximum leverage
400:1
Minimum spread
0.0 Pip
Platforms
MetaTrader4
Account currencies
USD/EUR & More

Bonuses

No deposit bonus
Yes
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
No
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Credit/Debit Cards, Wire transfer, Skrill, Neteller,
Withdrawal methods
Credit/Debit Cards, Wire transfer, Skrill, Neteller,

Company

Regulation
No
Founded
2016
Country
Australia
Website languages
English, Chinese, Indonesian
Phone
+61 2 8006 8299
Email or Skype
[email protected]

0

Myfx Markets pros and cons

Pros

  • Regulated by No
  • Raw spreads from 0.0 Pip
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account
  • Trading platforms: MetaTrader4

Cons

  • Conditions and bonuses can differ by regulated entity

Myfx Markets FAQ

Is Myfx Markets a safe and regulated broker?

Myfx Markets was founded in 2016 and is regulated by No. Client funds are held in segregated accounts. Your protection depends on which Myfx Markets entity opens your account.

What is the minimum deposit at Myfx Markets?

The minimum deposit at Myfx Markets is $500. Payment providers may set their own minimum amount.

What is the maximum leverage at Myfx Markets?

Myfx Markets offers leverage up to 400:1. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does Myfx Markets offer a no deposit bonus?

Yes. Myfx Markets offers a no deposit bonus. Bonus terms change often, so confirm them on the broker's website.

Which trading platforms does Myfx Markets offer?

Myfx Markets supports MetaTrader4. Mobile trading is available.

Does Myfx Markets allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does Myfx Markets offer an Islamic (swap-free) account?

Yes. Myfx Markets offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Full ranking

Myfx Markets at a glance

  • Reader rating3.8 / 5 (5 votes)
  • RegulationNo
  • PlatformsMetaTrader4
  • Account currenciesUSD/EUR & More
  • LanguagesEnglish, Chinese, Indonesian
  • Phone+61 2 8006 8299
  • Email / Skype[email protected]
  • Fax+64 9 889 4022
Visit Myfx Markets
Myfx Markets – YesOpen account