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Not Regulated
Score
1.98 /10
Danger
MYBROKERFX
2-5 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index3.39
Business Index5.79
Risk Management Index2.72
Software Index4.50
License Index2.69
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2026-08-18
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| My Broker FX Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Mexico |
| Regulation | No regulation |
| Market Instruments | 250+, Forex, Crypto CFDs |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | MetaTrader 5 (MT5) |
| Minimum Deposit | / |
| Customer Support | Within Mexico: +52 800-880-0444 |
| International: +1 (844) 620-2866 | |
| Fax: +1 (844) 620-2866 | |
| Email: support@mybrokerfx.com | |
My Broker FX Information
My Broker FX started in 2021 and is based in Mexico. However, it is not regulated by the Comisión Nacional Bancaria y de Valores (CNBV) or any other well-known authority, such as the FCA or ASIC. The platform has more than 250 traded instruments, mostly Forex and Bitcoin CFDs, and it employs MetaTrader 5 to trade.
Pros and Cons
| Pros | Cons |
| No commissions | No regulation |
| Offers MetaTrader 5 platform | Limited trading markets |
| No info on deposit and withdrawal |
Is My Broker FX Legit?
My Broker FX is not a regulated broker. It says it works out of Mexico, although it doesn't have a license from any Mexican financial regulator, including the Comisión Nacional Bancaria y de Valores (CNBV). Please be aware of the risk!
WHOIS domain data shows that mybrokerfx.com was registered on October 18, 2021. It is still operational, and the last change was performed on September 14, 2024. The domain will expire on October 18, 2025, and it is currently in numerous restricted states, such as not allowing clients to delete, transfer, or amend the domain.
What Can I Trade on My Broker FX?
My Broker FX says it has more than 250 financial instruments, mostly forex and cryptocurrency pairs including BTC/USD, ETH/USD, and LTC/USD.
| Tradable Instrument | Supported |
| Forex | ✔ |
| Cryptocurrency CFDs | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
My Broker FX Fees
My Broker FX says that there are no trading fees, and that all costs are included in the spread. This pricing structure seems to be affordable with what other companies in the same field charge for casual trading.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 (MT5) | ✔ | Desktop, Mobile, Web | Experienced traders |
| MetaTrader 4 (MT4) | ✘ | – | Beginners |
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