myfxmarkets-deposit-and-withdrawal-options-conditions-mt4 myfxmarkets-deposit-and-withdrawal-options-conditions-mt4

Visit MyFX Markets Official Website

Who is MyFX Markets?

MyFXMarkets is an Online Forex & CFD Broker in Mauritius.

Since its foundation in 2013, the Broker has changed its main location from AU, NZ and now in Mauritius.

MyFXMarkets is very quite in terms of Promotions, thus you may not see much activities of this broker in public.

The advantage of MyFXMarkets is the STP Execution on MT4.

MyFXMarkets offers Interference Free trading environment, with No restrictions of any kinds of Trading Activities/Methods.

No Complains or Withdrawal Issues reported from traders of MyFXMarkets over the years.

With its Trading Server located in NY, which is close to the Servers of MyFXMarkets’s Liquidity Providers, they have achieved to offer STP/Fast Execution conditions on MetaTrader4.

Go to MyFX Markets Official Website

Trading Conditions of MyFX Markets MT4

With MyFXMarkets, you can trade Forex pairs, Metals, Commodity and Equity Index on MetaTrader4.

The maximum Leverage is 1:400, and NBP “Negative Balance Protection” is fully supported.

The minimum spread of MyFXMarkets starts from 0.6 pips, with No Extra Commissions are charged.

Open MyFX Markets Real or Demo Account

How to signup and start trading with MyFX Markets

MyFXMarkets’s Service is very Simple and Competitive.

Follow the steps below and you are good to go.

  1. Register and Open a Live Account
    • Base currency as USD, GBP, EUR, AUD, NZD, SGD, JPY or CHF.
  2. Deposit $200
  3. Download MT4 Platform
    • MT4 is available for Windows, Android, iOS devices and MAC PC.
  4. Trade
MyFXMarkets Allows all kinds of trading activities/methods on the platform.

Pros & Cons of MyFXMarkets

How to Deposit fund to Myfx Markets?

MyFX Markets offers variety of fund deposit methods.

Please refer to the table below for the list of available funding methods and main conditions.

Funding Options Processing Time Available Currencies
Credit Card(MasterCard or Visa) Instant 24 hours a day USD, AUD, JPY
Fasapay Instant 24 hours a day USD
Sticpay Instant 24 hours a day USD, AUD, JPY
Mybitwallet Instant 24 hours a day USD, AUD, JPY
BitPay Instant 24 hours a day USD, AUD, JPY
Bank wire Instant – Up to 4 hours USD, AUD, JPY

Deposit can be made only in USD, AUD and JPY.

Due to AML/CTF laws, MYFX Markets cannot accept funds from third parties.

All money deposited into your account must come from a bank account or Credit Card in the same name as your MYFX Markets trading account.

In case of deposits with credit/debit card

Please note that you can only deposit funds using a previously registered credit card.

To register your credit/debit card to MyFX Markets, you must provide photos of both sides of the card.

When submitting the copy of your card, you must make sure that followings:

  1. Photos must be colour photos.
  2. Credit card number can be hidden except the last 4 digits.
  3. Sign on the back of your Credit Card.
Please make sure that the name on your Credit Card and your Trading Account name are the same.

If the fund needs to be converted into a different currency, MyFX Markets’ best exchange rate will apply.

Visit MyFX Markets Official Website

How to withdraw funds from Myfx Markets?

Due to AML/CTF laws, MYFX Markets cannot deposit funds to third parties.

All money withdrawn from your account must go to an account in the same name as your MYFX Markets trading account.

Please refer to the table below for the list of available fund withdrawal methods and main conditions.

Withdrawal Options Processing Time Fees
Credit Card(MasterCard or Visa) Instant 24 hours a day No fees
Sticpay Instant 24 hours a day No fees
Mybitwallet Instant 24 hours a day No fees
Bank wire 1 – 5 days $25
RMB Direct Transfer 1 – 5 days $25

Withdrawal process will take 1-3 days, for requests made on weekends, there may be a delay in processing until the following business day.

There may be separately fees charged by processing companies.

Maximum withdrawal amount through bitwallet is 20,000 USD.

Go to MyFX Markets Official Website

Comparison of MyFX Markets account types

For traders, MyFX Markets has 2 main account types which are Standard and Pro.

See the table below to know the differences between these 2 account types and choose the right one for your strategy today.
 

Account Types Standard Account Pro Account
Trading Platform MT4 MT4
Minimum Spread (commission) 0.6 pips 0.0 pips ($7 round trip (USD))
Required Deposit Amount $200 $1000
Minimum Trading Volume 0.01 lots 0.01 lots
Available Markets 50+ FX Pairs, Metals, CFDs 50+ FX Pairs, Metals, CFDs
Maximum Leverage 1:500 1:500
Mobile Trading Available Available
Cryptocurrency Trading Available Available
Bonus Promotions Available Available
Multi Account Manager Available Available
Sign Up Open Standard Account Open Pro Account
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