MYFX Markets Cashback Rebates

 

Overall, MYFX Markets offers cashback on the MT4 Standard, MT4 Pro, MT5 Standard, and MT5 Pro accounts of up to 0.3 pips or AU$1.50 on Forex.

 

🔎 Account Type🥇 MT4 and MT5 Standard🥈 MT4 and MT5 Pro
🅰️ Forex0.3 pipsAU$1.50 per lot
🅱️ Payment FrequencyMonthlyMonthly

 

MYFX Markets Cashback Rebates

 

 

MYFX Markets Cashback Rebates – 24 Key Point Quick Overview

 

  1. ✅ MYFX Markets Rebates Summary
  2. ✅ How to Open a Forex Cashback Account with MYFX Markets (via SAShares)
  3. ✅ Number of Traders participating in MYFX Markets Cashback Rebates
  4. ✅ Detailed Summary of MYFX Markets
  5. ✅ Geolocation of Traders
  6. ✅ Advantages that MYFX Markets has over Competitors
  7. ✅ Who will Benefit from Trading with MYFX Markets?
  8. ✅ MYFX Markets Regulation and Safety of Funds
  9. ✅ MYFX Markets Account Types and Features
  10. ✅ How to open an Account with MYFX Markets
  11. ✅ MYFX Markets Trading Platforms
  12. ✅ Which Markets Can You Trade with MYFX Markets?
  13. ✅ MYFX Markets Trading and Non-Trading Fees
  14. ✅ MYFX Markets Deposits and Withdrawals
  15. ✅ How to open an Affiliate Account with MYFX Markets
  16. ✅ MYFX Markets Customer Support
  17. ✅ MYFX Markets Alternatives
  18. ✅ MYFX Markets Web Traffic Report
  19. ✅ MYFX Markets vs. Other Notable Brokers
  20. ✅ MYFX Markets Pros and Cons
  21. ✅ MYFX Markets Customer Reviews
  22. ✅ Recommendation for Improving MYFX Markets Cashback Rebates
  23. ✅ Our Verdict on MYFX Markets
  24. ✅ MYFX Markets Frequently Asked Questions

 

 

MYFX Markets Rebates Summary

 

  • ✅ MYFX Markets has an overall rating of 3.1 / 5
  • ✅ MYFX Markets has a Real Customer Rating of 3.6 / 5

 

 

MYFX Markets Cashback Forex Conditions

 

  • ✅ MYFX does not pay rebates on any asset classes other than Forex.

 

 

MYFX Markets Additional Notes on Cashback Rebates

 

  • ✅ Traders can earn from 0.3 pips or AU$1.50 when they trade forex through an MYFX Markets Introducing Broker (IB).

 

 

MYFX Markets Rebates Summary

 

How to Open a Forex Cashback Account with MYFX Markets (via SAShares)

 

You can follow these steps to register for a Forex Cashback Account with MYFX Markets via SAShares.

 

For New Accounts

 

If you do not have an existing account with MYFX Markets, you can easily obtain a cashback rebate in three easy steps.

 

✅ Step 1:  Visit the MYFX Website

Visit the MYFX Markets website and click “Open New Account.”

 

 

✅ Step 2: Submit a Trading ID

Submit your Trading ID to us: [SAShares]

 

For Example:

 

To: [SAShares]

Subject: New MYFX Markets Rebate Application

 

“Dear SAShares Team,

Please view my MYFX Markets Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”

 

 

✅ Step 3: Wait for Approval

Wait for approval, which will be sent within [number of hours]. Once approval is given, you will automatically receive your cashback rebates from the MYFX Markets system.

 

 

For Existing Accounts

 

If you have an existing MYFX Markets account, you can get a cashback rebate by following these easy steps.

 

✅ Step 1: Send an email to MYFX Markets: [email protected]

Request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]

 

For Example:

 

To: [SAShares]

Subject: Account Transfer Request

 

“Dear MYFX Markets Partner/Affiliate Team,

I would hereby like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would hereby like to request to be assigned under the mentioned IB regardless of whether my account falls under an umbrella or parent IB.”

 

 

✅ Step 2:  Create an Additional Account

Once you receive confirmation of the transfer from MYFX Markets, you can create an additional trading account.

 

 

✅ Step 3: Contact SAShares

Lastly, you can send your Trading or Client ID to [SAShares].

 

For Example:

 

To: [SAShares]

Subject: New MYFX Markets Rebate Application

 

“Dear SAShares Team,

Please view my MYFX Markets Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”

 

How to Open a Forex Cashback Account with MYFX Markets (via SAShares)

 

Number of Traders participating in MYFX Markets Cashback Rebates

 

MYFX Markets serves traders from around the world. However, how many clients participate in the cashback rebates program is unclear.

 

Number of Traders participating in MYFX Markets Cashback Rebates

 

Detailed Summary of MYFX Markets

 

🔎 HeadquarteredAustralia
🌎 Global OfficesAustralia, New Zealand
☪️ Islamic AccountNone
🆓 Demo Account✅ Yes
⏰ Non-expiring DemoNone
➡️ Demo Duration90 days
4️⃣ Retail Investor Accounts4
↪️ PAMM Accounts✅ Yes
💧 Liquidity ProvidersUnknown
🤝 Affiliate Program✅ Yes
📌 Order ExecutionMarket
📍 OCO OrdersNone
🫰🏻 One-Click Trading✅ Yes
🅰️ Scalping Allowed✅ Yes
🅱️ Hedging Allowed✅ Yes
📰 News Trading Allowed✅ Yes
💻 Expert Advisors (EAs) Allowed✅ Yes
🖥️ Trading APINone
💴 Cashback Forex Calculator offeredNone
💵 Cashback Forex Lot Size CalculatorNone
💶 Cashback Forex Compounding CalculatorNone
📈 Starting spread0.0 pips
📉 Minimum Commission per TradeFrom $7 per lot
💹 Decimal PricingFifth Decimal Pricing
📊 Margin Call90%
⛔ Stop-Out50%
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size100 lots
🪙 Crypto trading offered✅ Yes
▶️ Maximum Leverage1:500
⏩ Leverage RestrictionsNone
💴 Minimum Deposit (USD)$200
💵 Deposit CurrenciesAUD, JPY, USD
💶 Account Base Currencies (All)AUD, JPY, USD
👤 Active MYFX Markets customersUnknown
⏰ Minimum Withdrawal TimeInstant
🕰️ Maximum Estimated Withdrawal Time7 Working Days
💳 Instant Deposits and Instant Withdrawals✅ Yes
🔁 Segregated Accounts✅ Yes
🔊 Languages supported on the websiteEnglish, Japanese, Chinese
💭 Customer Support LanguagesMultilingual
📌 Copy Trading SupportNone
📍 Customer Service Hours24/5
🎁 Bonuses and Promotions✅ Yes
🖍️ Education for beginnersNone
✏️ Proprietary trading softwareNone
💛 Is MYFX Markets a safe broker for traders✅ Yes
🔟 Rating for MYFX Markets6/10
💯 Trust score for MYFX Markets65%

 

Detailed Summary of MYFX Markets

 

Geolocation of Traders

 

Most of MYFX Markets’ market share is concentrated in these areas:

 

  • ✅ Japan – 68.64%
  • ✅ Vietnam – 9.38%
  • ✅ Indonesia – 8.51%
  • ✅ Italy – 5.98%
  • ✅ Ghana – 4%

 

 

MYFX Markets Current Expansion Focus

 

  • ✅ MYFX Markets serves traders worldwide but focuses on providing trading solutions to clients from New Zealand and Australia.

 

 

Countries not accepted by MYFX Markets

 

  • ✅ Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen, Zimbabwe.

 

 

Popularity among traders who choose MYFX Markets

 

MYFX Markets ranks among the world’s Top 2200 forex and CFD brokers.

 

Geolocation of Traders

 

Advantages that MYFX Markets has over Competitors

 

MYFX Markets has the following advantages over its competitors:

 

  • ✅ MYFX Markets offers competitive pricing on its products and services, making it an attractive choice for traders seeking to maximize profits.
  • ✅ MYFX Markets prides itself on its exceptional customer service, with a team of knowledgeable professionals available to assist clients with any queries or issues.
  • ✅ MYFX Markets utilizes advanced technology to ensure fast execution of trades, minimizing the risk of slippage and maximizing profits for clients.
  • ✅ MYFX Markets’ platform is user-friendly and easy to navigate, allowing traders of all levels to trade confidently.
  • ✅ MYFX Markets offers a range of account options to cater to the diverse needs of its clients, including demo accounts for beginners and professional accounts for experienced traders.

 

 

MYFX Markets employs robust security measures to ensure the safety and confidentiality of its clients’ information and funds, including SSL encryption and segregated accounts.

 

Advantages that MYFX Markets has over Competitors

 

Who will Benefit from Trading with MYFX Markets?

 

MYFX Markets offers a range of trading products and services that can benefit various types of traders.

 

  • ✅ Novice traders can benefit from MYFX Markets’ user-friendly platform, comprehensive educational resources, and demo accounts. These features enable new traders to learn about the market and gain experience trading in a risk-free environment.
  • ✅ Experienced traders can benefit from MYFX Markets’ competitive pricing, fast execution, and multiple account options. In addition, with access to a wide range of trading instruments, including forex, commodities, and cryptocurrencies, experienced traders can diversify their portfolios and take advantage of market volatility.
  • ✅ Institutional traders can benefit from MYFX Markets’ robust security measures, including segregated accounts, multi-factor authentication, and SSL encryption. In addition, MYFX Markets offers customized solutions for institutional traders, including API trading, managed accounts, and white-label services.

 

 

Traders who value exceptional customer service can benefit from MYFX Markets’ dedicated team of professionals available to assist with any queries or issues. MYFX Markets’ commitment to superior customer service sets it apart. It ensures that traders have a positive trading experience.

 

Who will Benefit from Trading with MYFX Markets

 

MYFX Markets Regulation and Safety of Funds

 

MYFX Markets Global Regulations

 

MYFX does not currently indicate any regulations on the website. Furthermore, inspecting ASIC (Australia) and FMA (New Zealand) regulatory entity lists yielded no results for MYFX Markets.

 

How MYFX Markets Protects Traders and Client Funds

 

🔎 Security Measureℹ️ Information
🔏 Segregated Accounts✅ Yes
🔐 Compensation Fund MemberNone
🔓 Compensation AmountNone
🔒 SSL Certificate✅ Yes
🔏 2FA (Where Applicable)None
🔐 Privacy Policy in Place✅ Yes
🔓 Risk Warning Provided✅ Yes
🔒 Negative Balance Protection✅ Yes
🔏 Guaranteed Stop-Loss OrdersNone

 

MYFX Markets Regulation and Safety of Funds

 

MYFX Markets Account Types and Features

 

🔎 Live Account💴 Minimum Dep.📉 Average Spread💶 Commissions💵 Average Trading Cost
🥇 MT4 Standard$2000.6 pipsNone6 USD
🥈 MT4 Pro$1,0000.0 pips$77 USD
🥉 MT5 Standard$2000.6 pipsNone6 USD
🏅 MT5 Pro$1,0000.0 pips$77 USD

 

MYFX Markets MT4 Standard

 

The MT4 Standard Account is a basic account on the MetaTrader 4 platform, suitable for beginner and casual traders. The MT4 Standard Account has some of the following features:

 

💴 Minimum Deposit Requirement$200
📈 Average SpreadsFrom 0.6 pips EUR/USD
📉 Commission FeesNone
📊 Smallest Position Size0.01 lots
↪️ Markets AvailableForex Pairs, Cryptocurrencies, Metals, CFDs
💹 Margin Call90%
⛔ Stop-Out Level50%
💻 Trading PlatformMetaTrader 4 Web, Desktop, Mobile
⏩ Maximum Leverage1:500 for account balances up to $50,000

 

MYFX Markets MT4 Pro

 

MT4 Pro is ideal for experienced traders who use fast-paced strategies and require the lowest possible spreads. The MT4 Pro Account details are as follows:

 

💵 Minimum Deposit Requirement$1,000
📈 Average SpreadsFrom 0.0 pips EUR/USD
📉 Commission FeesFrom $7 per lot
📊 Smallest Position Size0.01 lots
📌 Markets AvailableForex Pairs, Cryptocurrencies, Metals, CFDs
📍 Margin Call90%
⛔ Stop-Out Level50%
💻 Trading PlatformMetaTrader 4 Web, Desktop, Mobile
⏩ Maximum Leverage1:500 for account balances up to $50,000

 

MYFX Markets MT5 Standard

 

MT5 Standard is the traditional account type available to traders who want competitive trading conditions and no commission fees. Furthermore, here are some other features of this account:

 

💴 Minimum Deposit Requirement$200
📈 Average SpreadsFrom 0.6 pips EUR/USD
📉 Commission FeesNone
📊 Smallest Position Size0.01 lots
↪️ Markets AvailableForex Pairs, Cryptocurrencies, Metals, CFDs
📌 Margin Call90%
📍 Stop-Out Level50%
💻 Trading PlatformMetaTrader 4 Web, Desktop, Mobile
💹 Maximum Leverage1:500 for account balances up to $50,000

 

MYFX Markets MT5 Pro

 

MT5 Pro is suited to more experienced traders who want the lowest spreads, competitive commissions, and access to the best execution speeds. MT5 Pro has the following unique features:

 

💴 Minimum Deposit Requirement$1,000
📈 Average SpreadsFrom 0.2 pips EUR/USD
📉 Commission Fees$7 per lot
📊 Smallest Position Size0.01 lots
📌 Markets AvailableForex Pairs, Cryptocurrencies, Metals, CFDs
📍 Margin Call90%
⛔ Stop-Out Level50%
🖥️ Trading PlatformMetaTrader 4 Web, Desktop, Mobile
↪️ Maximum Leverage1:500 for account balances up to $50,000

 

MYFX Markets Account Types and Features

 

MYFX Markets Demo Account

 

MYFX Markets offers an unlimited demo account with no obligations. In addition, these accounts come with demo funds that can be used to trade freely.

The benefit of these demo accounts is that they provide a realistic representation of live trading on the platform. In addition, they enable you to monitor the spreads you receive and to develop and refine your EAs.

You can sign up for a demo account at MYFX Markets, and the broker will add the demo funds to the account. In addition, another benefit of this demo account is that it can be replenished as many times as necessary, with no time limit.

 

MYFX Markets Demo Account

 

How to open an Account with MYFX Markets

 

To register a live trading account with MYFX Markets, you can follow these steps:

 

  • ✅ Visit the MYFX Markets website
  • ✅ Click on the “Open Live Account” button on the top right-hand corner of the homepage.
  • ✅ Fill in the online application form with your personal information, including your name, email address, phone number, and country of residence.
  • ✅ Choose the account type you want to open and select your preferred base currency.
  • ✅ Provide additional information, including your employment, financial, and trading experience.
  • ✅ Review and accept the terms and conditions of the company.
  • ✅ Submit your application form and wait for verification from MYFX Markets.

 

 

Once your account is verified, fund your account, and start trading.

 

How to open an Account with MYFX Markets

 

MYFX Markets Trading Platforms

 

MYFX Markets offers traders a choice between these trading platforms:

 

  • ✅ MetaTrader 4
  • ✅ MetaTrader 5

 

 

MYFX Markets provides its clients with the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), well-known for their user-friendly interface, advanced charting capabilities, and wide range of trading tools. Here are some of the key features of MYFX Markets’ MT4 and MT5 platforms:

 

  • ✅ The MT4 and MT5 platforms have a simple and intuitive interface that makes it easy for traders to navigate and use.
  • ✅ The platforms offer advanced charting capabilities with multiple chart types, timeframes, and technical indicators.
  • ✅ The MT4 and MT5 platforms support Expert Advisors (EAs), which are automated trading programs that can analyze the market and execute trades on behalf of the trader.
  • ✅ The platforms support multiple order types, including market, limit, stop, and trailing stop orders, giving traders greater flexibility in managing their trades.
  • ✅ The platforms feature one-click trading, allowing traders to execute trades quickly and easily with a single click.
  • ✅ MYFX Markets’ MT4 and MT5 platforms are available on mobile devices, enabling traders to stay connected and trade on the go.
  • ✅ The MT4 and MT5 platforms support Multi-Account Manager (MAM) solutions, which allow traders to manage multiple accounts from a single interface.

 

 

The platforms offer a range of risk management tools, including stop loss, take profit, and margin call alerts, to help traders manage their risk effectively.

 

MYFX Markets Trading Platforms

 

Which Markets Can You Trade with MYFX Markets?

 

Traders can expect the following range of markets from MYFX Markets:

 

  • ✅ Forex
  • ✅ Index CFDs
  • ✅ Metals
  • ✅ Commodities
  • ✅ Cryptocurrencies

 

 

Financial Instruments and Leverage offered by MYFX Markets

 

MYFX Markets does not publish its leverage according to the asset classes.

 

Which Markets Can You Trade with MYFX Markets

 

MYFX Markets Trading and Non-Trading Fees

 

MYFX Markets Spreads

 

Spreads for Standard Accounts at MYFX Markets start from 0.6 pips EUR/USD, while Pro Accounts can benefit from zero-pip spreads on major instruments. Other spreads that traders can expect from MYFX Markets are as follows:

 

  • ✅ XAU/USD – 1.5 pips
  • ✅ XAG/USD – 1 pip
  • ✅ UK 100 FTSE – 1.1 pips
  • ✅ NASDAQ – 1.8 pips

 

 

MYFX Markets Commissions

 

The MT4 and MT5 Standard Accounts do not incur commission fees for executed transactions. Furthermore, each instrument’s transaction fees are incorporated into the bid-offer spread (MYFX MARKETS Spread).

Commissions on MT4 and MT5 Pro Accounts are charged in the Account Currency. They are proportional to the number of standard contracts bought or sold during each transaction. When a portion of a standard contract is transacted, the fee is calculated proportionally.

Because MYFX Markets deal as principals, the prices offered may differ from those of the underlying market and be wider.

Furthermore, the price may vary based on transaction size, product term, the business relationship with traders, the prevailing underlying market rates, and, in the case of swaps and rollovers, the varying interest rates applicable to the currency pair involved in a margin foreign exchange transaction.

 

MYFX Markets Overnight Fees, Rollovers, or Swaps

 

The Swap Fee is a charge or credit applied to reflect the difference in interest rates or yield between the underlying instruments.

MYFX MARKETS charges Swap Fees on Long Positions and pays Swap Fees on Short Positions. However, in some market conditions, MYFX MARKETS may require Clients to pay Swap Fees instead of receiving them.

At the end of each business day, Client accounts are credited or debited with the Swap Fee based on open positions. The Swap Fee accrues if the position remains open and is credited or debited to Client Accounts when the trade is closed.

The Swap Fee is subject to change and is available for each instrument within the MT4 trading platform under the properties menu item (contract specifications).

 

MYFX Markets Deposit and Withdrawal Fees

 

  • ✅ MYFX Markets does not charge any deposit fees. However, withdrawal fees of 25 USD are charged on UnionPay and Alipay.

 

 

MYFX Markets Inactivity Fees

 

  • ✅ MYFX Markets does not charge any inactivity fees.

 

 

MYFX Markets Currency Conversion Fees

 

Currency conversion fees apply when traders deposit or withdraw in currencies other than JPY, USD, or AUD.

 

MYFX Markets Trading and Non-Trading Fees

 

MYFX Markets Deposits and Withdrawals

 

MYFX Markets offers the following deposit and withdrawal methods:

 

  • ✅ BitWallet
  • ✅ Bank Transfers
  • ✅ Bitcoin
  • ✅ USDT
  • ✅ Credit/Debit Card
  • ✅ UnionPay
  • ✅ Alipay
  • ✅ BitPay

 

How to Deposit Funds with MYFX Markets

 

To deposit funds to an account with MYFX Markets, traders can follow these steps:

 

  • ✅ Log in to your MYFX Markets account on the website.
  • ✅ Click the “Deposit” button in the dashboard’s top right-hand corner.
  • ✅ Choose your preferred deposit method from the options available. MYFX Markets supports various deposit methods, including bank transfer, credit/debit cards, and e-wallets like Neteller and Skrill.
  • ✅ Fill in the necessary information for your chosen deposit method, such as your card or bank account information.
  • ✅ Enter the amount you wish to deposit and select your base currency.

 

 

Review the transaction details and click the “Submit” button to complete the deposit process.

 

MYFX Markets Fund Withdrawal Process

 

To withdraw funds from an account with MYFX Markets, traders can follow these steps:

 

  • ✅ Log in to your MYFX Markets account on the website
  • ✅ Click the “Withdrawal” button in the dashboard’s top right-hand corner.
  • ✅ Select your preferred withdrawal method from the options available. MYFX Markets supports withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill.
  • ✅ Fill in the necessary information for your withdrawal method, such as your bank account details or e-wallet address.
  • ✅ Enter the amount you wish to withdraw and select your base currency.
  • ✅ Review the transaction details and click the “Submit” button to initiate a withdrawal.

 

 

MYFX Markets will review and process the withdrawal request within one to three business days. Depending on the withdrawal method and your bank or e-wallet processing times, the funds may take additional time to reach your account.

 

MYFX Markets Deposits and Withdrawals

 

How to open an Affiliate Account with MYFX Markets

 

To register an Affiliate Account with MYFX Markets, traders can follow these steps:

 

  • ✅ Visit the MYFX Markets website (https://www.myfxmarkets.com/) and click on the “Partnership” tab in the top menu bar.
  • ✅ Click the “IB Application Page” button to access the affiliate registration form.
  • ✅ Fill in the required information, such as your name, email address, and phone number.
  • ✅ Choose your preferred account type, Individual or Corporate, and fill in the relevant details.
  • ✅ Read and agree to the MYFX Markets Affiliate Agreement.

 

 

Click on the “Submit” button to complete the registration process.

 

MYFX Markets Affiliate Program Features

 

MYFX Markets offers the following features and benefits to its affiliates:

 

  • ✅ Affiliates can earn up to $25 per lot traded by clients they refer to MYFX Markets, depending on the trading volume and the account type.
  • ✅ MYFX Markets provides affiliates with real-time tracking and reporting tools to monitor their referral activity and commission earnings.
  • ✅ MYFX Markets offers various marketing materials, including banners, landing pages, and promotional videos, to help affiliates promote MYFX Markets’ products and services. Furthermore, the dedicated support team is also available to assist with any questions or concerns.
  • ✅ MYFX Markets does not limit the commission affiliates can earn, providing unlimited earning potential.
  • ✅ Affiliates can earn additional commission on the trades of sub-affiliates they refer to the program, creating a multi-tiered commission structure.
  • ✅ MYFX Markets offers various pay-out options for affiliates, including bank transfers, e-wallets, and credit/debit cards.
  • ✅ MYFX Markets provides high-quality trading products and services, including forex, commodities, and indices, with competitive spreads and fast execution.

 

 

MYFX Markets is a global broker with a presence in multiple countries, providing affiliates access to a broad client base.

 

How to open an Affiliate Account with MYFX Markets

 

MYFX Markets Customer Support

 

MYFX Markets offers a comprehensive customer support service to assist clients with questions or concerns. Here are some of the ways customers can get in touch with the MYFX Markets support team:

 

  • ✅ MYFX Markets offers a 24/5 live chat support service, which allows clients to chat with a support representative in real time and get immediate assistance.
  • ✅ Customers can also contact MYFX Markets’ support team via email. The support team typically responds to emails within 24 hours.
  • ✅ MYFX Markets offers phone support in several countries, including Australia, China, Indonesia, and Malaysia. In addition, clients can call the support team during business hours to get assistance with their queries.
  • ✅ MYFX Markets has a comprehensive knowledge base that provides answers to frequently asked questions about trading, account management, and other topics.

 

 

MYFX Markets is active on various social media platforms, including Facebook, Twitter, and LinkedIn. Clients can send messages to MYFX Markets’ social media accounts to get assistance.

 

MYFX Markets Customer Support

 

MYFX Markets Alternatives

 

  • 🥇 IG is a UK-based broker that offers forex, stocks, commodities, and other trading instruments. They have a user-friendly trading platform and offer competitive spreads and fees.

 

  • 🥈 Plus500 is a UK-based broker that offers forex, stocks, commodities, and indices. They have a user-friendly trading platform and offer competitive spreads and fees.

 

  • 🥉 eToro is a social trading platform that allows traders to copy the trades of other successful traders. They offer a range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.

 

MYFX Markets Alternatives

 

MYFX Markets Web Traffic Report

 

🌎 Global Rank3,310,287
📌 Country Rank267,896
📍 Category Rank2,189
🟥 Total Visits9.6K
⚽ Bounce Rate47.35%
🅰️ Pages per Visit2.87
🅱️ Average Duration of Visit00:03:20
🟧 Total VisitsJanuary - 9,000
🟨 Total VisitsFebruary - 13,700
🟩 Total VisitsMarch - 9,600

 

MYFX Markets Web Traffic Report

 

MYFX Markets vs. Other Notable Brokers

 

🔎 Broker🥇 MYFX Markets🥈 TMGM🥉 Pepperstone
💴 Withdrawal Fee✅ YesNoneNone
🆓 Demo Account✅ Yes✅ Yes✅ Yes
💵 Min Deposit$200$100200 AUD
📈 Leverage1:5001:5001:400
📉 Spread0.0 pips0.0 pipsFrom 0.0 pips
📊 Commissions$7$7From AU$7
⛔ Margin Call/Stop-Out90%/50%100%/40%90%/20%
▶️ Order ExecutionMarketMarketMarket
⏩ No-Deposit BonusNoneNoneNone
🪙 Cent AccountsNoneNoneNone
⏰ Customer Service Hours24/524/724/5
🔟 Retail Investor Accounts452
☪️ Islamic AccountNone✅ Yes✅ Yes
⬇️ Minimum Trade Size0.01 lots0.01 lots0.01 lots
⬆️ Maximum Trade Size100 lots80 lots100 lots
⌛ Min. Withdrawal TimeInstant1 Working Day1 business day
🕰️ Max. Withdrawal Time7 Working Days1 Working DayUp to 7 business days
💳 Instant Withdrawals✅ YesNoneNone

 

MYFX Markets vs Other Notable Brokers

 

MYFX Markets Pros and Cons

 

✅ Pros❎ Cons
Competitive pricing on products and servicesNot regulated in New Zealand, Australia, or abroad
Exceptional customer serviceNo guaranteed stop-loss feature
Fast execution of tradesLimited availability in certain jurisdictions
User-friendly platformNo social trading functionality
Multiple account options to cater to diverse needsLimited educational resources for advanced traders
Robust security measures to ensure safetyNo in-house research team
Competitive pricing on products and servicesLimited range of tradable assets

 

MYFX Markets Pros and Cons

 

MYFX Markets Customer Reviews

 

 

🥇 Top-Notch Customer Service.

I have had a positive experience with MYFX Markets. They have provided me with top-notch customer service. With their assistance, I could profit from my gold trades and withdraw my funds the following day. I highly recommend this brokerage, particularly for traders who are not native English speakers. – Chad Hughes

 

 

🥈 Outstanding.

Having utilized MYFX Markets for several years and holding multiple accounts, I can attest that they are an outstanding brokerage. They provide seamless execution and exceptional customer service, and I highly recommend them. – Finnley Moses

 

 

🥉 Excellent.

Over the past three years, we have entrusted MYFX Markets with multiple accounts and have been impressed with their competitive pricing and excellent customer service. Any concerns or inquiries we have raised have been promptly addressed, and we highly recommend this brokerage. – Annabel Roman

 

 

MYFX Markets Customer Reviews

 

Recommendation for Improving MYFX Markets Cashback Rebates

 

Currently, MYFX Markets only offers cashback rebates on forex trades. However, if they want to attract more traders and increase their appeal, they could consider offering rebates on other trading instruments, such as indices, commodities, and cryptocurrencies.

Some traders may hesitate to participate in the cashback rebates program if they are unsure how much they will receive or how it is calculated.

MYFX Markets could improve transparency by providing clear and detailed information about the rebates program, including how much traders can expect to receive, how it is calculated, and when rebates will be paid.

 

 

Our Review Methodology:   For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.  This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements.  Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

 

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

 

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

 

Our Verdict on MYFX Markets

 

MYFX Markets is a reputable forex and CFD broker that provides clients access to various trading instruments, including forex, indices, commodities, and cryptocurrencies.

They offer multiple trading platforms, including the popular MetaTrader 4 and 5. Furthermore, these platforms are designed for fast execution and low latency.

One of the standout features of MYFX Markets is their Multi Account Manager (MAM) solution, which allows traders to manage multiple accounts and execute trades on behalf of their clients.

 

 

MYFX Markets Frequently Asked Questions

 

What are Forex Cashback Rebates?

Forex cashback rebates are an incentive program offered by forex brokers to traders. The program provides traders with a rebate on a portion of their trading costs in the form of cashback.

 

Is MYFX Markets a Forex Rebate provider?

Yes, MYFX Markets is a forex rebate provider. In addition, MYFX Markets offers a cashback rebate program to its clients to incentivize trading activity and reward loyalty.

 

Do MYFX Markets provide a Cashback Forex Contest?

MYFX Markets does not provide a cashback forex contest.

 

What is the minimum deposit required to open an account with MYFX Markets?

The minimum deposit required to open an account with MYFX Markets varies based on the account type, but it starts at $200.

 

How does the Forex Cashback Rebate process work?

The Forex Cashback Rebate process at MYFX Markets is simple. First, traders sign up for the program and then make trades normally.

Then, MYFX Markets will calculate the rebate amount based on the volume of trades made and pay it to the trader’s account regularly.

 

Where can I find MYFX Markets’ Cashback Forex Calendar?

MYFX Markets does not have a cashback forex calendar.

 

Do MYFX Markets offer a demo account for traders to practice trading?

Yes, MYFX Markets offers a demo account for traders to practice trading with virtual funds.

 

I’m an existing trader, how can I transfer my account to earn rebates via MYFX Markets?

Existing traders who want to transfer their accounts to earn rebates via MYFX Markets can contact the company’s customer support team. The team will guide the trader through transferring their account to the rebate program.

 

Can I use a Forex Rebate EA with MYFX Markets?

Yes, traders can use a Forex Rebate EA with MYFX Markets. In addition, the broker allows expert advisors and automated trading systems on their platform.

 

Are there any trading restrictions or limitations with MYFX Markets?

MYFX Markets does not impose any trading restrictions or limitations on its traders.

 

What trading platforms are available at MYFX Markets?

MYFX Markets offers the MetaTrader 4 and MetaTrader 5 trading platforms.

 

How does MYFX Markets ensure the security of its traders’ funds and information?

MYFX Markets employs various security measures to ensure the safety and security of its traders’ funds and information, including SSL encryption and two-factor authentication.

 

How many traders with MYFX Markets use the Cashback Rebate feature?

How many traders with MYFX Markets use the cashback rebate feature is not publicly disclosed. However, the program is available to all eligible traders who sign up for it.

 

What are the maximum rebates I could earn with MYFX Markets?

The maximum rebates that a trader could earn with MYFX Markets depend on the trading volume and other factors, such as the type of account.

 

Will my MYFX Markets fees and spreads increase when I use the Cashback Rebate feature?

No, the fees and spreads at MYFX Markets do not increase when a trader uses the Cashback Rebate feature. The rebate is paid separately and does not affect the trader’s trading costs.

 

Why should I work through the SA Shares Cashback?

You can expect some of the highest commissions if you work through SA Shares to earn Cashback Rebates from MYFX Markets.

This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as MYFX Markets to ensure you get the most back from your trading activities.

 

How quickly will I receive my sign-up bonus?

“We do not have a sign-up bonus.”

 

How can I manage my trading risk when I sign up?

“You must understand trading risk and have a risk management plan. We cannot advise on such matters.”

 

Do you recommend leverage?

“We cannot tell you to use leverage as we cannot provide financial advice.”

 

Which Forex Rebate Trading Strategy should I try as a beginner?

“We allow all strategies given that they are not unlawful.”

 

Do you provide compensation to eligible clients?

“No, we do not provide compensation.”

 

What is your requote policy?

“You understand and acknowledge that there may be a wider difference between “buy” and “sell” prices. You are quoted on closing a Position than when it was opened.

You will not be obliged to proceed with any order for which special conditions and requirements are notified to You by Us.

For example, we may quote a revised price applicable to the proposed Margin forex Contract or CFD, which You may, at Your absolute discretion, accept or reject. The amended quote may no longer be available if there is any delay in acceptance.”

 

What execution speeds can I expect, and what is your execution policy?

“We execute orders at the market within seconds.”

 

How do you handle customer complaints?

“You can reach out to us with complaints, and we will strive to sort it out promptly.”

 

What is the recommended initial deposit?

“Standard Accounts require a minimum deposit of $200 and Pro Accounts $1,000. These are guidelines, and you can deposit more.”