MyFX Markets-Some Detailed Information about This Broker

WikiFX | 2025-06-18 13:40

Abstract：　　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 Review Summary
Founded	2011
Registered Country/Region	New Zealand
Regulation	No regulation
Market Instruments	Forex, index CFDs, commodities, cryptos
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 1.0 pips (Standard account)
Trading Platform	MT4, MT5
Minimum Deposit	$0
Customer Support	24/5 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 Restriction	Janpan

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.

Pros and Cons

Pros	Cons
Various trading markets	No regulation
Demo accounts	Regional 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!

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 Type	Accepted Currencies	Minimum Deposit
Standard	USD, JPY, AUD, GBP, EUR	$0
Pro	USD, JPY, AUD, GBP, EUR	$0
Micro	USD	$30

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 Type	Maximum Leverage
Standard	1:1000
Pro	1:500
Micro	1:500

MYFX Markets Fees

Spreads & Commissions

Account Type	Spread	Commission
Standard	From 1.0 pips	$0
Pro	From 0.0 pips	$7/lot
Micro	From 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.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, mobile, web	Beginners
MT5	✔	Desktop, mobile, web	Experienced traders