MYFX Markets Review 2026

Item: MYFX Markets
Rating: 3.9
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: June 10, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $200
Fees 6 /10
Account types 4.5 /10
Regulation 3.9 /10

3.9 /10

High risk

MYFX Markets User Reviews 7.3
Commissions and Fees 6.0
Regulation and Safety 3.9
Account Types 4.5
Deposit and Withdrawal 5.8
Markets and Tradable Assets 4.3
Trading Account Opening 10.0
Customer Support 5.0

MYFX Markets Pros & Cons

No deposit or withdrawal fees.
Client funds are held in trust accounts with tier-1 banks.
Tight spreads from 0 pips on the Pro account.
Partnership program with rewards for referral trading.
MAM accounts are available for passive investment.

No cent account for trading with reduced risks.
The broker is not licensed, it is only registered in offshore jurisdictions.
Deposit and withdrawal methods are not diverse.

TU Expert Verdict

MYFX Markets carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

MYFX Markets User Reviews

Score:

7.3 /10

3 total

5-star

33%
4-star

0%
3-star

67%
2-star

0%
1-star

0%

I’ve been working on the Pro account with MYFX Markets for three months. I have no complaints and I hope that won’t change. I trade on MT4 and can note that it responds to commands quickly, thus there are almost no slippages. I like its wide range of currency pairs, as I like exotic pairs in addition to the most popular ones.
There’s a lack of contests and promotions to receive trading bonuses. I don’t like the lack of functions in the user account either. I wish I had access to my trading statistics rather than searching for them on the trading platform, which is not always convenient. Also, there are no online tools, such as a margin calculator or economic calendar.

I like MYFX Markets due to the possibility of opening accounts without verification. It’s convenient when you need to see real quotes, spreads, or test operations of the trading platform. Everything suited me and I opened the Standard account. After a few months, I switched to the Pro account with more profitable conditions. I trade cryptos with leverage of 1:5 and everything is great so far. I made withdrawals to crypto wallets several times and the money came instantly. There are no withdrawal fees, so I pay only blockchain fees.

I’ve been working with MYFX Markets as an investor for over 6 months. Initially, I connected to the MAM accounts of several managers and then I mastered the social trading platform. I receive regular income from investment and copy trading. I’m still learning the basics of Forex, so I practice on a demo account and analyze the trades of a signal provider. Soon, I’m going to trade real money and I wish there were cent accounts. Also, I think that there are not enough deposit and withdrawal methods, such as Perfect Money or PayPal, which I prefer.

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Commissions and Fees

Score:

6 /10

The trading and non-trading commissions of MYFX Markets have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of MYFX Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, MYFX Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

MYFX Markets Standard spreads
	MYFX Markets	ZForex	OANDA
EUR/USD min, pips	1.3	0.1	0.1
EUR/USD max, pips	1.8	0.4	0.5
GPB/USD min, pips	1.5	0.2	0.1
GPB/USD max, pips	2.0	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

MYFX Markets RAW/ECN spreads
	MYFX Markets	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.5	7	3.5
EUR/USD avg spread	0.4	0.1	0.15
GBP/USD avg spread	0.8	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with MYFX Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

MYFX Markets Non-Trading Fees
	MYFX Markets	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	25	0-15
Inactivity fee ($, per month)	0	0

Is MYFX Markets Safe?

Score:

3.9 /10

MYFX Markets has a safety score of 3.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated

Not tier-1 regulated

MYFX Markets Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FSA (Seychelles)	Full Name Financial Services Authority of Seychelles	Country of regulation Seychelles	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation AOFA	Full Name Anjouan Offshore Finance Authority	Country of regulation Union of the Comoros (Autonomous Island of Anjouan)	Investor Protection Fund No publicly disclosed statutory investor compensation scheme on the site; complaints are handled via the AOFA Compliance Department (email provided).	Regulation Level Tier-3

MYFX Markets Security Factors
Foundation date	-
Negative balance protection	No
Verification (KYC)	No

Account Types

Score:

4.5 /10

MYFX Markets offers the following account options: Demo, Standard, ECN/Raw spread, Managed.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Demo account
Low minimum deposit
Tight spread ECN account

No Swap Free account
Micro lots are not available

MYFX Markets account types vs top competitors
	MYFX Markets	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	Yes	No	No

MYFX Markets accounts trading conditions

MYFX Markets has two account types that can be opened on any of the platforms available with the broker. Leverage is set when opening the account. It can be changed in the user account subject to the traded asset.

Account types:

Account Type	Description
Standard	The minimum deposit is $200, spreads start at 0.6 pips, and there are no additional fees.
Pro	This account type is aimed at professional traders. The minimum deposit is $1,000, spreads start at 0 pips, and trading fees are $7 per lot.

A demo account can be opened on MT4 and MT5.

MYFX Markets provides profitable trading conditions with minimum spreads and flexible leverage.

Deposit and Withdrawal

Score:

5.8 /10

MYFX Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

MYFX Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank card deposits and withdrawals
USDT (Tether) supported
Minimum deposit below industry average
Bank wire transfers available

Limited deposit and withdrawal flexibility, leading to higher costs
PayPal not supported
Wise not supported

What are MYFX Markets deposit and withdrawal options?

MYFX Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.

MYFX Markets Deposit and Withdrawal Methods vs Competitors
	MYFX Markets	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are MYFX Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. MYFX Markets supports the following base account currencies: USD, JPY, AUD.

What are MYFX Markets's minimum deposit and withdrawal amounts?

The minimum deposit on MYFX Markets is $200, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact MYFX Markets’s support team.

Markets and Tradable Assets

Score:

4.3 /10

MYFX Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 60 Forex pairs.

60 supported currency pairs
Indices trading
Crypto trading

Futures not available
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by MYFX Markets with its competitors, making it easier for you to find the perfect fit.

	MYFX Markets	ZForex	Plus500
Currency pairs	60	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	100	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products MYFX Markets offers for beginner traders and investors who prefer not to engage in active trading.

	MYFX Markets	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	Yes	No
PAMM investing	Yes	No	No
Managed accounts	Yes	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with MYFX Markets in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at MYFX Markets is $200.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Quick KYC verification (1 business day or less)
Fast registration time (up to 15 minutes)

Account setup process may feel less convenient for beginners

MYFX Markets account opening
	MYFX Markets	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$200	$10	$100
Mandatory KYC	No	Yes	Yes
Registration time (min)	7	8	5
KYC time (days)	1	1	3

Is MYFX Markets available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with MYFX Markets, register a user account on its website and open a trading account. The registration procedure is as follows:

Click the “Open Account” button on the broker’s website.
Fill in the registration form and provide your first and last names, email, your country of residence, confirm that you are not a robot, and click the “Register” button.
In MYFX Markets’ user account traders can:
- Choose payment methods and make deposits..
- Pass their user account verification by uploading the required documents..

Additional features of MYFX Markets’ user account that allow traders to:

Open demo and live accounts and change leverage;
View the history of all financial transactions for a required period;
View the website news and working hours of financial markets;
Switch to WebTrader and download installation files of MT4 and MT5 for different mobile devices and PCs.

Customer Support

Score:

5 /10

Customer support at MYFX Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. MYFX Markets provides basic support functionality but does not stand out in overall service performance.

Information

Technical support is available 24/7.

Live chat is available for prompt communication with support
Both clients of the broker and unregistered users can contact support in the live chat

No call back option
When contacting support via a feedback form, the response may come within 24 hours or more

The broker offers the following communication channels:

Phone;
Email;
Live chat;
Feedback form.

Live chat and a feedback form are available in the user account for more prompt communication with technical support.

Contacts
Registration address	MYFX Markets, First Floor, First St., Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines
Regulation	AOFA, FSA Seychelles Licence number: L15835/MYFX
Official site	https://myfxmarkets.com/
Contacts	customer.service@myfxmarkets.com +64 9 889 4022

Best MYFX Markets Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How are MYFX Markets trading commissions, spreads, and non-trading fees structured?

MYFX Markets is assessed as having medium overall fees, with low Forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or percentage-based withdrawal fees. On Standard accounts, trading costs are built into floating spreads (for example, EUR/USD typically ranges from 1.3 to 1.8 pips), while RAW/ECN accounts use lower spreads plus a commission of $3.5 per lot and a fixed $25 withdrawal fee.

What account types and trading conditions does MYFX Markets provide for different trading styles?

MYFX Markets offers Demo, Standard, ECN/Raw spread, and Managed accounts, but does not provide Cent or Micro accounts and does not support swap-free or VIP options. The Standard account has a $200 minimum deposit with spreads from 0.6 pips and no extra fees, while the Pro account targets more experienced traders with a $1,000 minimum deposit, spreads from 0 pips, and a $7 per-lot trading fee.

What do MYFX Markets user reviews and feedback say about overall client satisfaction?

The user satisfaction score for MYFX Markets is 7.3/10, based on three reviews, with 33% of ratings at 5 stars and 67% at 3 stars. According to user reviews, this distribution indicates a mixed overall impression rather than strongly positive or strongly negative sentiment.

What markets and tradable assets are available at MYFX Markets according to recent reviews?

MYFX Markets supports 100 tradable assets, including 60 currency pairs, along with crypto, commodity futures, and stock indices, but does not offer stocks or options. For more passive or investment-style approaches, the broker provides PAMM investing and managed accounts, while copy trading, bonds, and ETFs are not available.

How do reviews describe the MYFX Markets trading account opening process?

The account opening process at MYFX Markets is described as quick and accessible, with online registration taking about 7 minutes and KYC verification typically completed within 1 business day, and a minimum deposit of $200. While the procedure is characterized as one of the more hassle-free onboarding experiences in the market, the review notes that the account setup steps may feel less convenient for beginners.