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MYFX Markets Review

Read our concise, full review on the pros and cons of MYFX Markets

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4.5

(2 reviews)

User Rating

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Review

User Reviews (2)

Rebates

Written by Angelo Martins

Fact checked by Evelina Laurinaityte

Human moderated by Jason Peterson

User reviews
Regulation / Money Protection
Profile
Account types
Web traffic

MYFX Markets User reviews

4.5

(2 )

Ranked 33 out of 1497 (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.

October 19, 2023

Approved reviewer

Location: Australia

October 19, 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.

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						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	22,441 (98%)
Organic traffic rank	244 out of 1497 (Forex Brokers)
Paid monthly visits	375 (2%)
Total monthly visits	22,816
Bounce rate	51%
Pages per visit	1.84
Average visit duration	00:03:15.3370000

MYFX Markets User Rating

4.5

(2)

MYFX Markets reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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Cashback rebates
What are rebates?
How do rebates work?
How much rebates can I earn?

MYFX Markets Cashback rebates

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We will beat any competitor offer!*

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.

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:

Instrument

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Rebate per lot

Lots traded

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EUR/USD 1 Pip Size