What is Myfx Markets?
Myfx Markets is a forex and CFD broker with more than 10 years of experience that offers MetaTrader 4, MetaTrader 5 and a web trader. It runs its trading servers in New York and Tokyo for fast execution, and its Standard account has no minimum deposit and leverage of up to 1000:1. New accounts can also receive a 50% Welcome Bonus, as shown on the official Myfx Markets website.
Here are the key facts about Myfx Markets (checked against the official Myfx Markets website in October 2026).
| Item | Myfx Markets |
|---|---|
| Experience | More than 10 years |
| Licences | Union of Comoros Offshore Finance Authority (L15835/MYFX), Financial Services Authority of Seychelles (SD202) |
| Maximum leverage | 1000:1 (Standard account) |
| Minimum deposit | No minimum (Standard and Pro), $30 (Micro) |
| Platforms | MetaTrader 4, MetaTrader 5, web trader |
| Instruments | 50+ forex pairs, metals, crypto and CFDs |
| Client funds | Held in a segregated trust account |
| Current bonus | 50% Welcome Bonus for new accounts |
Myfx Markets does not accept clients from the United States, Australia, Canada, the European Union and a number of other countries, and its website notes that it is not regulated by Japan’s FSA. Traders in other regions can open a Standard account without a minimum deposit. You can check the restrictions for your country on the Myfx Markets account opening page.
＼50% Welcome Bonus for new accounts／
Visit the Myfx Markets Website
Myfx Markets regulation and client protection
Myfx Markets operates through MYFX Group in the Union of Comoros and MYFX Group Limited in the Seychelles, each with its own licence. The Seychelles company is licensed by the Financial Services Authority of Seychelles under licence SD202, and the Comoros company by the local Offshore Finance Authority. These details are listed in the legal section of the Myfx Markets website.
Here are the Myfx Markets companies named on the official website (checked in October 2026).
| Company | Jurisdiction | Licence or registration |
|---|---|---|
| MYFX Group | Union of Comoros (Anjouan) | Offshore Finance Authority licence L15835/MYFX |
| MYFX Group Limited | Seychelles | FSA licence SD202 (company 8435863-1) |
| MYFX Markets Pty Ltd | Not stated | Named in the legal information |
| Milsons Fintech Ltd | England and Wales | Company number 11510891 |
Client funds are held in a segregated trust account, separate from the company’s own money. The Seychelles and Comoros licences are offshore licences, so the level of supervision is lower than in the UK, EU or Australia. As with any offshore broker, it is wise to begin with a modest deposit through the Myfx Markets registration page.
What Myfx Markets does well
Myfx Markets focuses on execution and flexibility for active traders. Its servers in New York and Tokyo are designed for fast order execution, the Pro account offers spreads from 0.0 pips, and third-party Expert Advisors and MetaTrader plugins are welcome. Support is available 24/5, and the details are on the Myfx Markets website.
Here are the strengths Myfx Markets highlights, summarised in plain terms.
| Strength | What it means for traders |
|---|---|
| Fast execution | Trading servers in New York and Tokyo |
| No minimum deposit | Standard and Pro accounts can be opened without a minimum deposit |
| Raw spreads | Pro account from 0.0 pips with a $7 commission per lot |
| Automated trading | Third-party Expert Advisors and MT4/MT5 plugins welcome |
| Segregated funds | Client money held in a segregated trust account |
| Bonus | 50% Welcome Bonus for new accounts |
The combination of no minimum deposit, high leverage and a welcome bonus makes Myfx Markets easy to try with a small amount. Experienced traders will mainly look at the Pro account for its raw spreads and its higher balance cap. You can test the platforms first with a Myfx Markets demo account.
＼No minimum deposit on Standard／
Myfx Markets account types
Myfx Markets offers three MT4 account types: Standard, Pro and Micro. Standard has no commission and leverage up to 1000:1 but a balance cap of 7,000 USD, Pro has raw spreads with a $7 commission per lot and a 50,000 USD cap, and Micro starts from $30 for forex and metals only. The full specifications are on the Myfx Markets account types page.
Here is a comparison of the Myfx Markets account types (checked against the official website in October 2026).
| Item | Standard | Pro | Micro |
|---|---|---|---|
| Minimum deposit | No minimum | No minimum | $30 |
| Spread from | 1.0 pips | 0.0 pips | 1.0 pips |
| Commission | None | $7 per lot | None |
| Maximum leverage | 1000:1 | 500:1 | 500:1 |
| Balance cap | 7,000 USD | 50,000 USD | 50,000 USD |
| Minimum trade | 0.01 lot | 0.01 lot | 0.01 lot |
| Markets | Forex, crypto, metals, CFDs | Forex, crypto, metals, CFDs | Forex and metals |
Standard is the best fit for small accounts that want the highest leverage, but remember its 7,000 USD balance cap. Pro is designed for frequent traders who prefer raw spreads, so compare its spread plus the $7 commission per lot with Standard’s 1.0-pip spread for the pairs you trade. Micro is a simple option for forex and gold practice, and all three accounts are opened from the Myfx Markets client area.
＼Standard, Pro and Micro／
Myfx Markets promotions
Myfx Markets currently offers a 50% Welcome Bonus on deposits for new accounts and a referral reward for existing clients who introduce friends. It also runs short seasonal campaigns, such as a summer cashback event of up to $3,000 and holiday giveaways, which have now ended. The active offers and their terms are listed on the Myfx Markets promotions page.
Here are the Myfx Markets promotions shown on the official website in October 2026.
| Promotion | Details |
|---|---|
| Welcome Bonus | A 50% deposit bonus for new accounts (active) |
| Refer a friend | A reward for you and your referred friend once the conditions are met (active) |
| Seasonal campaigns | Past examples include a summer cashback of up to $3,000 (ended) |
| Cashback | Cashback on Myfx Markets trades through our partner MiCashback |
Read the Welcome Bonus terms before depositing, because bonus credit usually comes with trading requirements and cannot be withdrawn directly. Our sister site FXBonus compares Myfx Markets bonuses and their conditions with other brokers. You can claim the Welcome Bonus after opening a new account on the Myfx Markets registration page.
＼50% deposit bonus for new accounts／
Crypto trading at Myfx Markets
Myfx Markets offers crypto CFDs, including Bitcoin, Bitcoin Cash and Litecoin, on its Standard and Pro accounts. Crypto is not available on the Micro account, which covers forex and metals only. The full symbol list and contract details are on the Myfx Markets products page.
Here are the crypto trading conditions at Myfx Markets (checked in October 2026).
| Item | Myfx Markets |
|---|---|
| Accounts | Standard and Pro (not Micro) |
| Coins include | Bitcoin, Bitcoin Cash, Litecoin |
| Platforms | MetaTrader 4, MetaTrader 5, web trader |
The official website does not publish crypto leverage on its main pages, so check the contract specifications in your platform before trading. Our sister site CryptoArmy looks at Myfx Markets from a crypto trader’s point of view. You can trade crypto CFDs after opening a Standard or Pro account on the Myfx Markets registration page.
bestfx verdict on Myfx Markets
Myfx Markets is a practical choice for traders who want no minimum deposit, high leverage, a welcome bonus and fast servers in New York and Tokyo. Its limits are the offshore licences and the balance caps on each account, especially the 7,000 USD cap on Standard. For small to mid-sized accounts outside the restricted countries, it is worth comparing on the official Myfx Markets website.
Here is a summary of the pros and cons of Myfx Markets.
| Points | |
|---|---|
| Pros | No minimum deposit on Standard and Pro; up to 1000:1; Pro from 0.0 pips; 50% Welcome Bonus; MT4 and MT5; segregated trust account |
| Cons | Offshore licences (Seychelles and Comoros); balance caps per account; not available in the US, Australia, Canada or EU |
We suggest the Pro account for active traders and the Standard account for small balances that need maximum leverage. If your balance grows beyond the Standard cap, plan to move to Pro. Opening an account is free on the Myfx Markets registration page.
＼Free account opening／
Myfx Markets FAQ
Is Myfx Markets regulated?
Yes, MYFX Group Limited is licensed by the Financial Services Authority of Seychelles (SD202), and MYFX Group by the Union of Comoros Offshore Finance Authority (L15835/MYFX). These are offshore licences rather than top-tier regulation. The details are published on the Myfx Markets website.
What is the minimum deposit at Myfx Markets?
The Standard and Pro accounts have no minimum deposit, and the Micro account starts from $30. Payment methods depend on your country and are shown after registration. You can open an account on the Myfx Markets account opening page.
Does Myfx Markets offer a bonus?
Yes, new accounts can receive a 50% Welcome Bonus on deposits, and existing clients can earn a reward by referring friends. Bonus terms apply, so read them before depositing. The current offers are listed on the Myfx Markets promotions page.
What is the balance cap on the Standard account?
The Standard account has a balance cap of 7,000 USD, while the Pro and Micro accounts are capped at 50,000 USD. If you expect a larger balance, the Pro account is the better long-term choice. Both can be opened on the Myfx Markets registration page.
Facts on this page were checked against the official Myfx Markets website in October 2026.
