MyFXMarkets is an FX broker where you can trade high-interest currencies and the latest popular cryptocurrencies.
Since its business launch in 2013, it has been known for reliable service performance and a stable trading environment, consistently maintaining its popularity in customer reviews.
The maximum leverage at MyFXMarkets is 1,000 times. EA (automated trading robots) use is also OK! Of course, STP verified!
It is recommended for traders who want to choose an FX account based on trading environment and conditions, rather than bonuses and campaigns.
What is MyFXMarkets?
MyFXMarkets is an FX broker registered in St. Vincent and the Grenadines.
MyFXMarkets is one of the group companies of Axi (formerly AxiTrader), which boasts the No. 1 share in the Australian FX industry.
Like its parent company Axi, it is popular with traders for its excellent trading environment and conditions.
Official Website (myfxmarkets com)
Company Information of MyFXMarkets
Below is the company information for MyFXMarkets, including countries, addresses, financial licenses, and contact details.
| FX Broker | MyFXMarkets |
|---|---|
| Year of Establishment | 2013 |
| Operating Company | AXIS INC. and MYFX Markets Pty., Ltd |
| Headquarters | Australian Federation |
| Branches | New Zealand |
| Financial License | SVG FSA |
| Registration Number | 24078IBC2017 |
| Customer Asset Management | Segregated Management |
| Telephone Number | +64-9-889-4022 |
| Email Address | jpsupport@myfxmarkets(.)com/customer.service@myfxmarkets(.)com |
Check here for the latest information and updates
Where are the headquarters and branches of MyFXMarkets located?
The headquarters of the FX broker MyFXMarkets is located in Sydney, Australia.
Below are the publicly disclosed addresses for the headquarters and branches of MyFXMarkets.
| Address | |
|---|---|
| Australian Headquarters | Suite 802, 6 Glen Street, Milsons Point NSW 2061, Australia |
| New Zealand Branch | 252 Great North Road, Grey Lynn, Auckland 1021, New Zealand |
| Mauritius Branch | Level 2, Raffles Tower Cybercity, Ebene, Republic of Mauritius |
Financial License & Regulation of MyFXMarkets
Below are the financial licenses and regulations that MyFXMarkets has obtained.
- St. Vincent & the Grenadines FSA (Financial Services Authority)
- New Zealand FSP (New Zealand Financial Service Provider)
- Mauritius FSC (Mauritius Financial Services Commission)
You can check the latest registration and ownership status on the page for MyFXMarkets’ financial license and regulation.
How MyFXMarkets Manages Traders’ Margin Funds
The method of managing customer assets such as traders’ margin at the FX broker MyFXMarkets is segregated management.
All customer funds are managed in our trust accounts. We ensure fund safety through external audits and strict internal procedures and regulations.
If you have any questions, please contact customer support via MyFXMarkets’ live chat.
Reputation of MyFXMarkets – Rumors of Refusal to Withdraw Funds & Confiscation of Profits
The FX broker MyFXMarkets confiscates the profits of traders who receive bonuses fraudulently or engage in unauthorized trading.
The response to profit confiscation for bonus abusers led to a period when MyFXMarkets was discussed on Twitter, 2ch, and 5ch, and on MyFXMarkets’ affiliate sites as “MyFXMarkets refused to withdraw funds”.
As a response to unauthorized trading of bonuses, the terms of use were revised in August 2021, resulting in stricter standards than before.
MyFXMarkets is a related company of Axi, and compared to other FX brokers, it is a highly reliable FX broker (FX broker/FX company).
Official Website (myfxmarkets com)
Bonuses and Account Opening Campaigns of MyFXMarkets
Below are the bonuses and account opening campaigns that MyFXMarkets has offered so far.
- Free Bank Transfer Fee Campaign – bitwallet Exclusive Bonus
- Switch from Other Companies Campaign – Account Opening Bonus 50 USD
- Luxurious prizes such as Nintendo Switch and iPhone XR in the ‘Lunar New Year Lottery Campaign’
- Account Opening Campaign ‘New Year Bonus Campaign 2019’
- 2019 New Year’s Gift Campaign – Up to 100 USD Cashback
- First-come, first-served 2,000 Comeback Campaign
- Up to 1,000 USD Cashback! World Cup Campaign
- Prize determined by England’s performance ‘FIFA World Cup Campaign’
- Limited-time ‘Additional Deposit Campaign’ with up to 100 USD Cashback
- Up to 10,000 USD ‘20% First Deposit Bonus’
- Chance to GET up to 100 USD! New Year’s Gift Campaign
You can check the latest bonuses on the page for MyFXMarkets’ account opening campaigns.
Account Opening Bonus of MyFXMarkets
The FX broker MyFXMarkets sometimes offers an account opening bonus.
From October 2023, MyFXMarkets started offering a 50 USD account opening bonus (no deposit bonus).
The latest account opening bonuses offered by the FX broker can be checked on the account opening bonus latest list page.
Instruments Offered by MyFXMarkets
Below are the categories of instruments offered by MyFXMarkets.
- FX Currency Pairs
- Precious Metals
- Energy (WTI Crude Oil & Brent Crude Oil)
- Stock Indices (Indexes)
- Cryptocurrency (Crypto Assets/Cryptocurrencies)
MyFXMarkets does not offer CFD trading on individual stocks such as U.S. stocks.
Check here for the latest instruments
Exotic Currency Pairs Popular on Click365
The FX broker MyFXMarkets handles exotic currencies such as the Turkish Lira Yen and South African Rand Yen, which became topics when they started being offered on Click365.
MyFXMarkets provides a trading environment and trading conditions perfect for traders considering more efficient operations with high leverage up to 500 times and NBP support through a transparent NDD trading environment from Click365.
Gold and Silver Available for Trading at MyFXMarkets
Below is a list of precious metal CFDs available for trading at MyFXMarkets.
- XAUUSD
- XAUEUR
- XAUAUD
- XAGUSD
- XAGEUR
New symbols were added in March 2023.
Official Website (myfxmarkets com)
Cryptocurrency FX at MyFXMarkets
The FX broker MyFXMarkets started offering cryptocurrency FX services in 2018.
The maximum leverage for cryptocurrency FX at MyFXMarkets is 5 times.
Cryptocurrencies Available for Trading at MyFXMarkets
Below are the cryptocurrencies that can be traded in the FX account at MyFXMarkets.
The trading hours for cryptocurrency FX at MyFXMarkets are from 12:05 AM to 11:59 PM server time on weekdays, from Monday to Friday.
Trading is not available on Saturdays, Sundays, or other weekends.
Trading Tools at MyFXMarkets
Below are the trading tools available for the FX account at MyFXMarkets.
- MT4 (MetaTrader 4/MetaTrader4)
- MT5 (MetaTrader 5/MetaTrader5)
- WebTrader
Support for cTrader (C Trader) has ended. (Added March 1, 2023)
Free download of MT4 & MT5 here
Features of MyFXMarkets – Advantages and Disadvantages of Trading
Below are the features of the FX account at MyFXMarkets.
- Maximum leverage is 1,000 times – High leverage
- NBP support (no additional margin calls) means zero debt risk
- Minimum spread is 0.0 pip
- Fast execution and high execution power with servers in Tokyo and NY
- Trading tools are MT4 and MT5
- Cryptocurrency FX has 5 times leverage
When opening an account, first check the account opening campaigns at MyFXMarkets.
Open a Demo Account (Free) Here
Disadvantages of MyFXMarkets
The disadvantages of the FX broker MyFXMarkets include limited instruments.
Major and popular instruments with high trading volumes at other FX brokers, such as the Dollar Yen, Pound Yen, Gold, Crude Oil, and Nikkei Stock Average, can also be traded in the FX account at MyFXMarkets.
However, there are fewer types of cryptocurrencies available, and soft commodities like wheat and soybeans cannot be traded.
Official Website (myfxmarkets com)
Account Types at MyFXMarkets
The trading environment and trading conditions at the FX broker MyFXMarkets can be chosen from two types of account types.
- Standard Account
- Pro Account
Previously, in addition to the above, you could also choose a Crypto Account (Crypto Account) dedicated to cryptocurrency FX and a Pro Account for cTrader (C Trader).
Comparison of Account Types at MyFXMarkets
Below is a table comparing the Standard Account and Pro Account at MyFXMarkets.
| Account Type | Standard Account | Pro Account |
|---|---|---|
| Minimum Spread | 0.6 pip | 0 pip |
| Transaction Fee | Free | 5 USD/round trip lot |
The Standard Account is popular among first-time traders at MyFXMarkets.
Trading Environment and Trading Conditions of the Standard Account at MyFXMarkets
Below are the trading environment and trading conditions of the Standard Account at MyFXMarkets.
| Account Type | Standard Account |
|---|---|
| Trading Platform | MT4, MT5, WebTrader |
| Account Currency Unit | Japanese Yen Account, US Dollar Account, Euro Account, Australian Dollar Account, British Pound Account |
| Minimum Deposit | 0 USD |
| Instruments Handled | FX Currency Pairs, Stock Indices, Gold & Silver, Crude Oil, Cryptocurrency |
| Maximum Leverage | 1,000 times |
| Contract Size | 100,000 currency per lot |
| Minimum Trading Volume | 0.01 lot |
| Order Processing Method | NDD & STP Method |
| Minimum Spread | 0.6 pip |
| Transaction Fee | Free |
| Margin Call | 90% of the maintenance margin rate |
| Stop Out | 20% of the maintenance margin rate |
| NBP Support | No additional margin calls |
| Scalping | No limit on frequency |
| Hedging | Possible |
| Automated Trading | EA usage possible |
| VPS Hosting | Free option available |
| MQL5 Signal Trade | Subscription possible |
| Demo Account | Free setup possible |
Companies can open a corporate account at MyFXMarkets.
Trading Environment and Trading Conditions of the Pro Account at MyFXMarkets
Below are the trading environment and trading conditions of the Pro Account at MyFXMarkets.
| Account Type | Pro Account |
|---|---|
| Trading Platform | MT4, MT5, WebTrader |
| Account Currency Unit | Japanese Yen Account, US Dollar Account, Euro Account, Australian Dollar Account, British Pound Account |
| Minimum Deposit | 0 USD |
| Instruments Handled | FX Currency Pairs, Stock Indices, Gold & Silver, Crude Oil, Cryptocurrency |
| Maximum Leverage | 500 times |
| Contract Size | 100,000 currency per lot |
| Minimum Trading Volume | 0.01 lot |
| Order Processing Method | NDD & ECN Method |
| Minimum Spread | 0.0 pip |
| Transaction Fee | 1 round trip lot per 5 USD |
| Margin Call | 90% of the maintenance margin rate |
| Stop Out | 20% of the maintenance margin rate |
| NBP Support | No additional margin calls |
| Scalping | No limit on frequency |
| Hedging | Possible |
| Automated Trading | EA usage possible |
| VPS Hosting | Free option available |
| MQL5 Signal Trade | Subscription possible |
| Demo Account | Free setup possible |
MyFXMarkets provides a free VPS hosting service recommended for EA (Expert Advisor) users.
Trading Environment and Trading Conditions of the cTrader Pro Account at MyFXMarkets – Service Ended
Below are the trading environment and trading conditions of the cTrader Pro Account at MyFXMarkets, which has ended its provision.
| Account Type | Pro Account |
|---|---|
| Trading Platform | cTrader |
| Account Currency Unit | Japanese Yen Account, US Dollar Account, Euro Account, Australian Dollar Account, British Pound Account |
| Minimum Deposit | 0 USD |
| Instruments Handled | FX Currency Pairs, Stock Indices, Gold & Silver, Crude Oil, Cryptocurrency |
| Maximum Leverage | 500 times |
| Contract Size | 100,000 currency per lot |
| Minimum Trading Volume | 0.01 lot |
| Order Processing Method | NDD & ECN Method |
| Minimum Spread | 0.0 pip |
| Transaction Fee | 1 round trip lot per 7 USD |
| Margin Call | 90% of the maintenance margin rate |
| Stop Out | 20% of the maintenance margin rate |
| NBP Support | No additional margin calls |
| Scalping | No limit on frequency |
| Hedging | Possible |
| Automated Trading | cBot usage possible |
| VPS Hosting | Free option available |
| Copy Trade | cTrader Copy usage possible/td> |
| Demo Account | Free setup possible |
cTrader is a state-of-the-art trading tool (trading platform/trading software) adopted by a limited number of FX brokers such as Axiory (Axiory), Tradrvieｗ (Tradeview), FxPro (FX Pro), and ICMarkets (IC Market/IC Market).
Official Website (myfxmarkets com)
MyFXMarkets Supports NBP (No Additional Margin Calls) – Zero Debt Risk
MyFXMarkets is an FX broker that supports NBP.
NBP (no additional margin calls/zero debt risk) is mentioned in MyFXMarkets’ Terms of Use.
If the trading account balance becomes negative, the trader does not need to make a deposit to reset the balance from negative to 0 USD (to compensate for the loss).
Instead, MyFXMarkets will compensate for the loss.
Official Website (myfxmarkets com)
How NBP Works at MyFXMarkets
The FX broker MyFXMarkets supports NBP, but the negative balance does not automatically reset to 0 USD.
After the balance becomes negative, contact MyFXMarkets’ customer support to communicate about resetting the negative balance and making an additional deposit before making an additional deposit.
If you have any questions, please contact customer support via live chat.
Automated Trading at MyFXMarkets
The FX broker MyFXMarkets also offers MAM and PAMM accounts for automated trading.
MAM (Mam Account) and PAMM (Pam Account) are account types where investment is entrusted to a manager.
As an investor, the trader simply makes a deposit following the manager of the MAM and PAMM accounts.
Depending on the trading results of the manager, a part of the reward is paid to the trader as profit.
Difference Between PAMM and MAM Accounts
The difference between PAMM (Pam Account) and MAM (Mam Account) is whether the trader deposits funds into the investor’s trading account or not.
| Trader’s Deposit Destination | |
|---|---|
| MAM | Investor’s Trading Account |
| PAMM | Trader’s Trading Account |
In the case of a MAM account, the manager’s trades are all visible to the trader.
Therefore, the PAMM account is relatively more popular and has more users.
Official Website (myfxmarkets com)
Free VPS Hosting Service at MyFXMarkets
The FX broker MyFXMarkets offers a free VPS hosting service.
At MYFX Markets, if you trade 100 lots or more per month, we will cover the VPS fees up to a monthly limit of 30 USD.
Please send your trader account number, trading lot number, and the receipt of the VPS service you are using to jpsupport@myfxmarkets(.)com.
Check here for the latest VPS information
Deposit and Withdrawal Methods at MyFXMarkets
Below are the payment methods available for deposit and withdrawal in the FX account at MyFXMarkets.
- Credit Card
- Debit Card
- bitwallet (BitWallet)
- Tether (Tether/USDT)
- Domestic Bank Transfer (Domestic Transfer)
- Transfer
At MyFXMarkets, there is no longer a monthly limit on domestic bank transfers. The maximum amount per deposit is 20,000 USD. (Added September 19, 2022)
Proceed to the Latest Deposit and Withdrawal Page
Depositing at MyFXMarkets with ApplePay, GooglePay
At the FX broker MyFXMarkets, you can deposit with ApplePay and GooglePay.
Both GooglePay and ApplePay complete deposits to MyFXMarkets in seconds, and there are no fees for deposits.
Cryptocurrencies Usable for Deposit and Withdrawal at MyFXMarkets
Below are the cryptocurrencies that can be used for deposit and withdrawal in the FX account at MyFXMarkets.
- Tether (Tether/USDT)
- USD Coin (USD Coin/USDC)
- Bitcoin (Bitcoin/BTC)
- Ethereum (Ethereum/ETH)
Traders who deposit with cryptocurrencies can also withdraw in cryptocurrencies.
Deposit and Withdrawal Fees at MyFXMarkets
The FX broker MyFXMarkets does not charge fees for deposits or withdrawals.
However, traders are responsible for some fees, such as transfer fees for online banking and bank transfers.
If there is no trading record of 5 lots or more, withdrawal fees may apply.
Official Website (myfxmarkets com)
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