About broker MYFX Markets

The digital broker MYFX Markets operates as an international forex and CFD provider, offering MT4/MT5 access, multiple account tiers, and maximum leverage up to 1:1,000 on select currency pairs. Official disclosures list the entity in Seychelles as a licensed securities dealer, while also referencing a secondary Comoros corporate structure under the same brand name.

Company Profile Summary:

• Official website: myfxmarkets.com

• Client portal: clientoffice.myfxmarkets.com

• Seychelles entity: MYFX GROUP LIMITED (Co. No. 8435863-1)

• Seychelles regulator: Financial Services Authority (FSA), Licence SD202

• Seychelles address: IMAD Complex, Office 6, 1st Floor, Ile Du Port, Mahe

• Comoros entity: MYFX Group (Licence L15835/MYFX)

• Comoros address: Hamchako, Mutsamudu, Autonomous Island of Anjouan

• Software: MetaTrader 4 and MetaTrader 5

• Asset coverage: Forex, commodities, indices, metals, crypto CFDs

• Support channels: Live chat, web form, email, phone (+64 9 889 4022)

Registration on Website myfxmarkets.com

Accessing a MYFX Markets personal account requires identity verification through the online portal.

Required Onboarding Steps:

• Government-issued identification document

• Proof of residential address

• Secondary financial records (when requested)

• Verified payment method matching account registration details

Note that minimum funding guidelines vary across public pages, creating discrepancies between account matrix pages and payment FAQ sections.

MYFX Markets Trading Platforms and Available Markets

Rather than relying on a proprietary interface, the MYFXMarkets broker provides standard MetaTrader software across desktop, web, and mobile environments.

Key Platform Capabilities:

• Full MT4 and MT5 integration

• Expert Advisor (EA) support for automated strategies

• Infrastructure hosted in major financial data centers (NY4, TY3)

Available Financial Instruments:

• Foreign exchange (Forex)

• Precious metals and crude oil

• Equity index CFDs

• Cryptocurrencies and soft commodities

Maximum leverage is asset-dependent rather than fixed across the entire portfolio.

Headline leverage limits of 1:1,000 apply exclusively to select FX products, with lower caps applied to volatile commodities and digital tokens. 

MYFXMarkets Account Types and Trading Costs

The MYFX Markets broker features three main account structures: Standard, Pro, and Micro.

Standard profiles use a spread-only pricing model, whereas Pro profiles offer raw spreads alongside a per-lot commission. Micro profiles utilize smaller contract sizes on the MT4 terminal.

Note: While comparison tables list $0 for Standard/Pro tiers, the primary payment FAQ cites a baseline $200 funding requirement.

For high-volume traders, the Pro structure provides lower spread overhead but adds a fixed $7 per-lot charge. Standard and Micro options bundle execution costs directly into floating spreads.

Depositing and Withdrawing Money from MYFX Markets

1. Funding Channel: Client deposits are managed through the dedicated MYFXMarkets Client Office. The standard funding guide specifies a $200 minimum and supports bank wires in USD, AUD, JPY, EUR, and GBP.

2. Redemptions: Withdrawal instructions must be submitted through the portal and sent to a payment account registered under the same name as the client.

3. Crypto Products: Cryptocurrency exposure is provided through cash-settled CFDs. Direct crypto transfers are restricted unless the account was initially funded with cryptocurrency.

4. Inactivity Withdrawal Fee: The terms allow a fee of up to 4.5% where trading activity remains minimal between deposit and payout. The stated schedule begins at 2% after one to three months of low activity and increases over time.

When considering withdrawing money from MYFX Markets, traders should verify account activity thresholds, fee tiers, and payment provider rules prior to requesting large transfers.

MYFX Markets Safety and Client-Fund Protection

The MYFXMarkets broker states that client funds are held separately from corporate operational balances in segregated bank accounts.

Official privacy disclosures identify MYFX GROUP LIMITED as a regulated Securities Dealer under Seychelles FSA licence SD202, operating pursuant to the Securities Act 2007.

However, offshore regulatory frameworks in Seychelles and Comoros do not offer identical investor protections, compensation funds, or dispute resolution mechanisms compared to Tier-1 authorities such as the FCA (UK) or ASIC (Australia).

MYFX Markets Legal Background and Domain History

The dual corporate framework requires careful evaluation, as client onboarding paths depend on jurisdiction:

• Seychelles Structure: MYFX GROUP LIMITED holds Securities Dealer Licensee status (SD202) under the Seychelles FSA. Public regulatory directories confirm this listing alongside associated trading names (MYFX Group, MYFX Markets, IconFX).

• Comoros Structure: Corporate materials also reference MYFX Group in the Union of Comoros, authorized via licence L15835/MYFX through the Anjouan Offshore Finance Authority.

DomainTools records:

• Creation Date: May 16, 2011

• Last Updated: May 27, 2026

• Hosting Network: Alibaba Cloud (Singapore)

• Domain Owner: Privately registered

The 2011 domain creation date reflects web asset history rather than the incorporation date of the entity (Co. No. 8435863-1). Prospective clients should distinguish between website longevity and corporate entity age when evaluating company history.

MYFX Markets Contacts and Client Support

Support services are reachable through multiple channels:

• Client Phone: +64 9 889 4022

• Email

• Live Chat & Web Form: Available via portal myfxmarkets.com

For regulatory verification, the Seychelles FSA register lists a direct administrative contact (+248 4225841) and regulatory email address ([email protected]).

MYFX Markets Reviews and Client Feedback

Unlike unlisted providers, MYFX Markets reviews appear on an established Trustpilot profile. The page contains approximately 41 entries with a TrustScore around 2.5/5, categorized as poor.

Positive Feedback Highlights:

• Competitive spreads on major pairs

• Efficient order execution on MT4/MT5

• Simple onboarding procedure

• Helpful customer desk responses

Negative Feedback Highlights:

• Payout processing delays and verification holds

• Profit adjustments related to restricted trading methods

• Account usage limitations

• Mixed experiences with support resolution speed

Trustpilot notes that the company has not recently sent automated review invitations, which may skew the feedback distribution.

No dedicated evaluation profile for the MYFXMarkets broker exists on BrokerChooser.

This absence does not inherently signal improper operations. Independent comparison sites omit platforms for various reasons, including regional coverage limits, unreviewed offshore entities, or publication thresholds. However, it means traders cannot reference a BrokerChooser audit during preliminary research.

MYFXMarkets Broker Risk Assessment and Final Verdict

The MYFX Markets broker displays several established operational indicators, such as:

• a verifiable listing in the Seychelles FSA register,

• standard MT4/MT5 software,

• explicit client disclosures,

• active support channels.

However, specific risk factors remain:

• Operations hosted across offshore jurisdictions (Seychelles, Comoros)

• Extremely high leverage options (up to 1:1,000 on FX)

• Contradictory minimum deposit guidance across site pages

• Inactivity withdrawal surcharges up to 4.5%

• Mixed public feedback and low Trustpilot ratings

Final characterization

Risk level: Medium to High.

The MYFXMarkets broker may suit experienced traders, active MetaTrader users, and individuals familiar with offshore corporate structures and high leverage risks.

It is less suitable for beginners, conservative investors, or traders requiring Tier-1 regulatory protection (FCA/ASIC). Account terms, legal entity selection, and payout conditions should be carefully reviewed prior to depositing capital.