MYFX Markets is a Forex broker founded in 2014. Being a white label of reliable AxiTrader approved by the Australian Securities and Investments Commission (ASIC), MYFX Markets is supervised by the St. Vincent and the Grenadines Financial Services Authority (SVGFSA). As it is an AxiTrader white label service, it is known as a reliable Forex broker.
It is not actively running promotions except in specific areas and is not well known worldwide. Service expansion is also mainly in Japan, which is the main market, so services for the global market may be somewhat unsatisfactory.
The biggest feature of MYFX Markets is reliable execution and highly competitive spread. The spread of MYFX Markets is set smaller overall than other companies, and it is prefered by scalping traders who prioritise small spreads. There are two types of accounts provided by MYFX Markets: Standard account with STP and Pro account with ECN. The average spread for Pro account, which is suitable for scalping traders, is USD/JPY 0.2pips and EUR/USD 0.2pips, and the transaction fee is equivalent to $ 3.5 (USD) per lot. One of the reasons for its popularity is that the spread of the Australian dollar pair is small because the parent company is an Australian entity.
The disadvantage of MYFX Markets is that there are few bonus programs and campaigns held by MYFX Markets itself. In addition, there are not many CFD product lineups, so it can be said that it doesn't offer many unique services when compared with other companies.
The cryptocurrency CFD, which offers six major products such as Bitcoin and Litecoin, has an advantageous spread compared to other overseas Forex brokers. A unique feature is that you can deposit and withdraw in Tether (USDT).
[Asia] Japanese, Simplified Chinese, Malay
[Europe and America] English
[FX/Currency Pair]: 47
Monday 0:00 am - Friday 11:59 pm (Server time)
(*1)2 CFD/Metals are tradeable with MT4.
(*2)The fee is per order (One way).
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