Written by Angelo Martins
Fact checked by Evelina Laurinaityte
Human moderated by Jason Peterson

MYFX Markets Overall rating

2.7
Ranked 221 out of 1102 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 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
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 25,614 (100%)
Organic traffic rank 267 out of 1102 (Forex Brokers)
Paid monthly visits 0 (0%)
Total monthly visits 25,614
Bounce rate 32%
Pages per visit 9.06
Average visit duration 00:11:38.1310000

MYFX Markets Account types

  Standard Pro
Commission-AUD$7.00 Per Lot
Maximum leverage500:1
Mobile PlatformMT4 Mobile
Trading platformMT4
Spread TypeVariable Spread
Minimum Deposit2001000
Minimum Trade Size0.01
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

4.0

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
Forex0.30 PipsAUD$1.50 Per Lot
OtherNo 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, IC Markets, ThinkMarkets & 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, IC Markets, ThinkMarkets & 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, IC Markets, ThinkMarkets & 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:

 
You must enter a valid number

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, China Unionpay, 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