MYFX Markets Review 2024 & Cashback
MYFX Markets Overall rating
Ranked 222 out of 1103 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
| Rating | Weight | |
| User Rating |
4.0 (2 reviews)
 |
3 |
| Popularity |
2.4
|
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 |
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
| Websites |
myfxmarkets.com
|
| Organic monthly visits | 38,258 (100%) |
| Organic traffic rank | 239 out of 1103 (Forex Brokers) |
| Paid monthly visits | 0 (0%) |
| Total monthly visits | 38,258 |
| Bounce rate | 24% |
| Pages per visit | 4.77 |
| Average visit duration | 00:04:18.5590000 |
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
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
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
| |
| Standard | |
| Forex | 0.30 Pips |
| Other | No Rebates Paid |
| Payment Options |
Monthly Cash Back - Real Time Reports
|
| Pro | |
| Forex | AUD$1.50 Per Lot |
| Other | No Rebates Paid |
| Payment Options |
Monthly Cash Back - Real Time Reports
|
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.
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:
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MYFX Markets Regulation / Money Protection
| 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 |