MYFX Markets

Review

User Reviews (2)

Rebates

Regulation

Symbols

Forum Posts (0)

Written by Angelo Martins

Fact checked by Evelina Laurinaityte

Human moderated by Jason Peterson

MYFX Markets Overall rating

2.8

Ranked 209 out of 941 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
User Rating	4.5 (2 reviews)	3
Popularity	3.0	3
Regulation	0.0	2
Pricing rating	3.0	1
Features	Not rated	1
Customer Support	Not rated	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 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	17,721 (99%)
Organic traffic rank	240 out of 941 (Forex Brokers)
Paid monthly visits	166 (1%)
Total monthly visits	17,887
Bounce rate	43%
Pages per visit	2.88
Average visit duration	00:03:16.0500000

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 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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MYFX Markets Cashback rebates

Get Cashback

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

Deposit currency

Rebate per lot

Lots traded

You must enter a valid number

EUR.USD 1 Pip Size

Are MYFX Markets rebates a scam; do my spreads increase?

MYFX Markets rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for MYFX Markets rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back	Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction	The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account	Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

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 Symbols

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