Select Language

MYFX Markets

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).

Official Website


  1. Tether (USDT) is available for deposits and withdrawals
  2. Small spreads


  1. Few CFD products
  2. Few bonus programs

Operating Company

Company name:
Head office address:
First Floor, First St Vincent Bank Ltd Building James Street, Kingstown ST. VINCENT AND THE GRENADINES
Financial supervisor:
St. Vincent and the Grenadines (SVGFSA)

Customer Service

Website language:

[Asia] Japanese, Simplified Chinese, Malay
[Europe and America] English

Trading platform:
English support:
Email, Support Chat, Phone
Business hours:
(365 days) 10:00 pm - 7:00 am (GMT)
Email address:
[email protected]
Phone number:
(+64) 9-889-4022

Trading Rules

Roll over:
0:00 (Server time)
Margin call:
When the margin maintenance rate falls below 90%
Loss cut:
When the margin maintenance rate falls below 50%
Matched order:
EA restrictions:
Request for additional margin:
None (If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is guaranteed

Conditions for Each Account Type

Trading platform:
Brokerage model:
[Standard] STP method
[Pro] ECN method
Spread method:
Variable spreads
Trading account currency:
Japanese Yen, US Dollar, Australian Dollar
Maximum leverage:
Initial minimum deposit:
Lot size:
100,000 units
Minimum order size:
0.01 lot
Maximum order size:
1,000 lots
Maximum open orders:
10,000 lots

[FX/Currency Pair]: 47
[CFD/Metals]: 5(*1)
[CFD/Indices]: 10
[CFD/Energy]: 2
[CFD/Cryptocurrencies]: 5

Available trading hours:

Monday 0:00 am - Friday 11:59 pm (Server time)

Transaction fees:
[Standard] None
[Pro] $ 3.5 (USD)(*2)
Account maintenance fee:
Holding multiple accounts:
GMT time difference:
[MT4/MT5] Daylight saving time: +3 hours, Winter time: +2 hours

(*1)2 CFD/Metals are tradeable with MT4.

(*2)The fee is per order (One way).

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.


All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree