MyFxMarkets does not restrict anything on its trading platform, MetaTrader4.
You are allowed to:
- Use any kind of EAs
- Trade Scalping
- Hedge orders
- Trading during News Time
- Copy Trade
There is also no reported profit cancellations from its users either.
If you are not sure that your trading method is allowed or not, please confirm with the support team of MyFXMarkets.
Advanced Trading Environment
If we point out only disadvantages of MyFXMarkets, that would be:
- The Broker is not regulated by any recognized regulators, but FSC in Mauritius only
The Broker is gaining popularity from number of traders, and there is no major issues or complains against the Broker since the foundation.
MyFXMarkets is excellent in terms of the trading environment.
Some of the main advantages are:
- No restrictions on the trading platform
- Minimum Average Spread from 0.6 pips including all trading commissions
- Leverage up to 1:400
- MetaTrader4 Trading Platform
MyFXMarkets offers favorable trading environment, if you are fine with its support quality and the regulator situation.