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MYFX Markets -

Score

2.35 /10
Danger

MYFX Markets

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

MT4 Full License

Global Business

United Kingdom Appointed Representative(AR) Revoked

High potential risk

Offshore Regulated

https://www.myfxmarkets.com

Influence

C

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index7.58

Risk Management Index0.00

Software Index9.09

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

More

Company Name

MYFX Group Limited

Company Abbreviation

MYFX Markets

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2025-07-13
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

MYFX Markets

United Kingdom

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Myfx, give back my money!

I’ve got proofs. Be alert, people!

2019-05-29 21:46
Resolved

Myfx Markets banned my profit account for no reason and won’t let me withdraw

I traded on Myfx Markets and earned. Last Friday I applied for a withdrawal, but they said I violated their rules, although all my orders were manual orders over several minutes. Now they banned my account. This is a scam platform.

2019-03-26 00:02
Unable to Withdraw

The withdrawal is unavailable in MYFX fraud platform

On March 11st,I opened an account and began to trade next day.On the other day,I applied for the withdrawal of $300.the platform sealed my account,allowing me to look.I argued with the customer service,why you ban my account?What’s the reason for declining my request?They just explained that it was in audit and their email sent on 20th couldn’t account for anything.On 26th,they sent me the email again,saying that I was straddling,and I must sign a document,which only give back the fund.I responded,asking for evidence.Nobody has replied to me till now! What platform it is?

2019-04-01 00:11
Unable to Withdraw

Myfx Markets is a scam. When I tried to withdraw, they banned my account.

My MT4 account is 88000200. They said I violated their rules although all my orders were manual orders over several minutes. Obviously, this is a dealing-desk broker since they won’t let me withdraw and banned my account for no reason. Later they found more excuses to ask me to wait. At first when I was getting to know the platform, the customer manager said I can withdraw on Myfx Markets with no limits. I deposited $3000 and earned $5000. In Saturday, I applied for a withdrawal and the customer manager told me at Monday morning that the request is in process. However, at that very afternoon, I failed to log in to my MT4 terminal and found myself banned. I asked the customer manager and the service, who said I violated their rules and it is under checking which will take 1 or 2 weeks to give me reply. But the thing is, they banned my MT4 account and backstage account for no reason, saying that I violated their rules. Obviously they just didn’t want me to withdraw. They told me the head in office is in off hours when I asked them again. But they’ve got another office in Shanghai. Can I just call Shanghai police and let them arrest these people? I looked up online and found that actually Myfx Markets is a white label of FIXI, which has closed. I wonder if they rejected my withdrawal request as they are about to abscond. I called Shanghai police and reported to FCA them and their transaction channel. Here are the proofs. Stay away from this broker.

2019-05-29 05:08
Others

My conscience word.Hope you be wise.

There is a limitation on letter.So I sent the screenshots,Please have a look.

2019-04-04 05:00
Scam

Fraud platform even denied to have such a salesman

Please refund my withdrawal asap.Yongjie Yang ,a salesman of the platform and opened the account for me.After cheating me more than $200 thousand,he was denied by the platform.If they didn’t admit you,then what will you do after you deposited in the platform.The first screenshot shows that the platform denied to have such a salesman.I reserved the recording with the so-called legal staff.Can yoube serious before lying?Or your job is to lie?

2019-08-04 04:07
Scam

MYFX markets is a fraud platform

MYFX markets is either offline or disconnected. My capital, profits and commissions added up to 240,000 dollars. It seems that all the money belongs to the platform as soon as it is deposited, and I can do nothing to change the situation. USDCAD short order reached at around 1.335, and USDCAD long order at around 0.698. USDCAD short order should take profit at 6.20, and USDCAD long order at 6.26. There are over 200,000 dollars in my account, unable to be withdrawn. My account was closed too. Be careful everyone!The platform told me over the phone that with few customers in China, they weren’t afraid of me and would not give my capital back.

2019-07-01 01:15
Resolved

I made a profit trading on the dark platform of Myfx Markets

I closed MT4 and background accounts when I earned money from trading on Myfx Markets praud platform. MT4 account:88000185, all the single is more than a few minutes or manual single said I illegal transactions, but it not given profit stated is fraud platform bet please stay away from it, there is no evidence to seal in advance, I will find any reason to shout me wait 1 to 2 weeks when just beginning to understand the platform customer manager said Myfx Markets traded without any restrictions can be withdraw, the gold $2800 profit more than $3400 week 6 proposed capital Monday morning then asked customer manager said the money has been waiting to audit accounts, but at noon login MT4 and background have been closed also can't log in,Ask customer manager and customer service directly say I violate trade LP is checking me to violate trade to need to wait 1 to 2 weeks answer, but premise does not have evidence to say I violate trade to still close me MT4 and backstage directly, make clear is profit does not withdraw.How ask headquarters said Australia has been off work, but the office is in Shanghai, if I was police took the police directly to Shanghai office directly to catch black platform, ascertained that Myfx Markets is wo to AR FIXI parent put brand, but the parent company have closed, is going to run the platform, did not give me a gold in Shanghai directly claim FCA and directly report to the police they pay channels, please exchange your third eye chakra can help investors, below is the figure of evidence, please stay away from the fraud platform to make money

2019-03-26 00:38
Others

The platform threatened to turn to the authority without my agreement on their settlement

The platform called me and said if I disagreed with their settlement, they would turn to State Administration of Foreign Exchange (it means that the platform will surrender itself to justice). See attachment.

2019-07-03 18:02
Resolved

Myfx Markets sealed trading accounts inexplicably

The customer service of Myfx Markets claimed that deposit and withdrawal is unlimited,while giving no access to withdrawal now.I traded in Myfx Markets and made profits,applying to withdraw money.But the customer service said that I was trading illegally.How could be?All my orders were operated by myself,held for several minutes at least several minutes.Just because I made a profit? I couldn’t log in my account because of invalid background.Hope you stay away and avoid being cheated.Hope WikiFX help me take back my hard-earned money.

2019-03-26 01:40
Others

An unreliable broker

The contact information of the "Contact Us" section you want to spread is as follows. Address: 1a Wakeling Avenue, Te Atatu South, Auckland, 0610, New Zealand Tel: +64 9 889 4022 Email: customer.service@myfxmarkets.com The address is Auckland, New Zealand. Checking this address in Google Street View, it looks like a residential area, as shown in screen 1 below, but it is not very, but I think this address does not actually exist for foreign exchange traders. In addition, after checking the registration of New Zealand as a financial institution, it was found that the registration of the financial institution has been cancelled on the New Zealand Financial Service Provider Registration (FSPR) website. Registration was cancelled on May 9, 2015. Screen 2 If you check the legal person registration from here, it also seems to be considered deleted (registration cancelled). The deregistration time is June 20, 2017, which is more than two years after the deregistration of the financial institution. Screen 3 The reason for the cancellation of registration is not stated, but I think the contractor who received the cancellation of registration is not credible.

2021-06-30 16:03
Unable to Withdraw

My work in Myfx Markets fraud platform

I applied to be a salesman at Myfx Markets in April 2018. I have pulled my previous customers into here,they making losses and profits. But at the end of the year, the platform's parent company, FXIX, went bankrupt, and many people wanted to withdraw money. Since the dealing-desk parent company collapsed. The platform was to lay off some employees and the boss claimed to do business in Australia.Actually,he was just to abscond to Australia. It owed me 2 months of commissions,up to hundreds of thousands of money, and 2 months of salary, saying that if I didn’t work for it,I wouldn’t get my commission.So I have to rent a room around Nanjing Road in Shanghai to maintain my clients.This single room became the office of the so-called Myfx Markets office in Shanghai. I was both customer service and salesman during that time, asking the boss for salary and commission.The boss said that it would be handed to me as long as the asset was audited. He told me that such a large platform wouldn’t treat me badly,asking me to work hard.But I have never believe.I just want to withdraw all my clients’ funds.The boss said that the client’s funds are too large to be transferred immediately,while it has not arrived yet for half a year. The day was uncomfortable,clients chasing debts.I showed the chatting with clients to the boss.Claiming to control risk,he sealed all clients’ accounts and MT4 with the reason of illegal trading.I was pulled in both directions.Exposing this,I just want to get my part and clients’ fund back.Hope boss of the platform not act this way and investor stay away from it. Everyone can see that there are a lot of complaints on WikiFX and Foreign Exchange 110. Clients are threatened to delete these exposures,or they will never get their money.The person in charge, Yuan Shuofang and Hu Zhiqiang. My name in Myfx Markets is Yang jie Real name: Yang jie Mobile phone：13764516945 QQ：114249465628

2019-04-04 18:18
    MYFX Markets · Company summary
    MYFX Markets Review Summary
    Founded2011
    Registered Country/RegionNew Zealand
    RegulationNo regulation
    Market InstrumentsForex, index CFDs, commodities, cryptos
    Demo Account✅
    LeverageUp to 1:1000
    SpreadFrom 1.0 pips (Standard account)
    Trading PlatformMT4, MT5
    Minimum Deposit$0
    Customer Support24/5 support, contact form
    Tel: +64 9 889 4022
    Email: customer.service@myfxmarkets.com
    Address: Suite 802, 6 Glen Street, Milsons Point NSW 2061, Australia
    U801 and U802, 6 Glen street, Milsons Point, NSW 2061, Australia
    252 Great North Road, Grey Lynn, Auckland 1021, New Zealand
    Regional RestrictionJanpan

    MYFX Markets Information

    MYFX Markets is an unregulated broker, offering trading on forex, index CFDs, commodities, and cryptos with leverage up to 1:1000 and spread from 0.0 pips on the MT4 and MT5 trading platforms. There is no minimum deposit requirement.

    MYFX Markets Information

    Pros and Cons

    Pros Cons
    Various trading marketsNo regulation
    Demo accountsRegional restrictions
    Multiple account types
    MT4 and MT5 platforms
    No minimum deposit

    Is MYFX Markets Legit?

    No. MYFX Markets currently have no valid regulations. Please be aware of the risk!

    license
    domain

    What Can I Trade on MYFX Markets?

    MYFX Markets offers trading on forex, index CFDs, commodities, and cryptos.

    Tradable Instruments Supported
    Forex✔
    Index CFDs✔
    Commodities✔
    Cryptos✔
    Stocks❌
    Bonds❌
    Options❌
    ETFs❌

    Account Type

    MYFX Markets offers Standard account, Pro account and Micro account. Besides, it also offers demo accounts.

    Account TypeAccepted CurrenciesMinimum Deposit
    StandardUSD, JPY, AUD, GBP, EUR$0
    Pro
    MicroUSD$30
    Account Type

    Leverage

    MYFX Markets offers maximum leverage at 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

    Account TypeMaximum Leverage
    Standard1:1000
    Pro1:500
    Micro

    MYFX Markets Fees

    Spreads & Commissions

    Account TypeSpreadCommission
    StandardFrom 1.0 pips$0
    ProFrom 0.0 pips$7/lot
    MicroFrom 1.0 pips$0

    Swap Rates

    Swap rates at MYFX Markets refer to the interest paid or received for holding positions overnight, varying based on the financial instrument and market conditions, and playing a crucial role in your trading strategy.

    Swap Rates

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Desktop, mobile, webBeginners
    MT5✔Desktop, mobile, webExperienced traders
    Trading Platform

    User Reviews

    More

    User comment

    6

    Comments

    Write a review

    Romandic
    more than one year
    MYFX Markets is the real deal! They offer tight spreads and generous leverage, giving traders like me the edge we need to succeed in the market.
    MYFX Markets is the real deal! They offer tight spreads and generous leverage, giving traders like me the edge we need to succeed in the market.
    Translate to English
    2024-07-24 19:00
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    Taraquan
    more than one year
    Very Happy with the attention! Always kindly calling by Renato Balliu who gave me trust and be secure about all this broker. Amazing MYFX Markets, a lot tools and very easy to understand! Totally recommend broker! Thanks.
    Very Happy with the attention! Always kindly calling by Renato Balliu who gave me trust and be secure about all this broker. Amazing MYFX Markets, a lot tools and very easy to understand! Totally recommend broker! Thanks.
    Translate to English
    2024-06-21 11:33
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