How-to-open-MyFX-Markets-Forex-trading-account How-to-open-MyFX-Markets-Forex-trading-account

What is MyFX Markets?

MYFX Markets was created on a simple principle to create a Forex broker that we are all happy to trade.

As a senior broker, MyFX Markets provides 24-hour customer service, the smallest possible spread and the fastest possible transaction without slippage, which are the cornerstones of high-quality foreign exchange transactions.

MyFX Markets is committed to providing you with the best quality customer service and a stable trading platform.

According to your different trading levels and needs, MyFX Markets tailor-made a variety of trading solutions for you, which not only provide advanced tools for experienced traders, but also make it easy for beginners to use.

By assisting the clients to use foreign exchange transactions, MyFX Markets has enriched the clients’ investment diversity.

Through the platform provided by MyFX Markets, customers can obtain the latest market data and foreign exchange market quotations provided by multiple banks.

At the same time, customers can also enjoy the best quality service.

MYFX Markets always adheres to the principle of honesty, high-quality service and strong execution, and makes continuous efforts to rank first in the industry.

This makes MyFX Markets stand out in the brutal market competition.

  • Top international banks and foreign exchange flow providers provide quotations for MyFX Markets.
  • Spreads as low as 0.0 pips.
  • MYFX Markets is a registered financial services company.
  • High-quality trading conditions. multiple servers around the world provide customers with extremely fast order transaction experience.
  • Provide an institutional-grade trading environment.
  • Use the world’s popular trading software MetaTrader4.

All client funds are deposited in independent trust accounts supervised by lawyers and strictly managed in accordance with relevant laws and regulations.

Therefore, you do not need to worry about the safety of your funds when trading with MyFX Markets.

Go to MyFX Markets Official Website

Why traders choose MyFX Markets?

Extremely fast transaction execution
MYFX Markets has set up data centers in New York (NY4) and Tokyo (TY3) to provide customers with a high-speed transaction experience.
MyFX Markets can be trusted
All client funds are deposited in independent trust accounts supervised by lawyers and strictly managed in accordance with relevant laws and regulations to protect your funds.
Meticulous, comprehensive customer support
Myfx Markets is committed to providing excellent customer service to make your trading smoother. You can seek help from the professional customer service staff online or by email anytime, anywhere.
Support Expert Advisor
Myfx Markets welcomes a variety of trading styles, including automated trading software (also known as Expert Advisors) used.
Trade anytime, anywhere
The Forex market is still running even when you are away from your desktop, so it is important to be able to trade anytime, anywhere. At Myfx Markets, you can trade almost anywhere from your iPhone, iPad, Android device.
Institutional Forex Spreads
MyFX Markets has close cooperation with many world-renowned banks and financial institutions, which allows them to obtain more urgent and high-quality circulation and allow all customers to enjoy lower spreads.

Download MyFX Markets MT4 to start your trading journey!

At MYFX Markets you can open a demo account or a real account for free.

Your login information will be sent to your registered email address after you apply.

Sign up on MyFX Markets for free

Trading Account Types of MyFX Markets

MyFX Markets offers 2 types of trading accounts which are Standard and Pro accounts.

See the table below to see the comparison of MyFX Markets’ trading account types.

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

Open MyFX Markets’ Account

What you can trade on MyFX Markets MT4?

With MyFX Markets, you can trade various financial markets.

Forex trading
The foreign exchange market is a global decentralized market that determines the relative value of different currencies, where you can freely buy and sell currencies.
Index CFDs
An index is a group of stocks that can be used to track the performance of a country’s economy or a market.
Metals and Commodities
Precious metals such as gold and silver have long been regarded as the oldest and most trusted currencies.
Cryptocurrency
MYFX Markets provides traders with the opportunity to participate in emerging cryptocurrency trading.

Go to the official website of MyFX Markets to see the list of all financial markets available for trading.

Go to MyFX Markets Official Website

Invest in Forex with MyFX Markets

The foreign exchange market is a global decentralized market that determines the relative value of different currencies, where you can freely buy and sell currencies.

The foreign exchange market is the largest financial market in the world, with an average daily trading volume of US$5 trillion.

MyFX Markets allows you to enter the mainstream foreign exchange market (New York, London, and Tokyo) at any time for foreign exchange transactions.

Unlike stocks, you can trade foreign exchange 24 hours a day on weekdays.

At MYFX Markets, you can enjoy institutional-level trading environment, market depth and navigation tools necessary for exchanges in the world’s largest financial market.

  • By clever use of leverage, you only need to invest a small amount of capital to trade on margin in the foreign exchange market.
  • The foreign exchange market is open 5 and a half days a week, during which you can check market dynamics at any time and enjoy 24-hour seamless trading.
  • No need to worry about fixed volume restrictions.
  • You can trade long (buy) and short (sell).
  • The foreign exchange market is the world’s largest and most liquid financial market.
  • No need to worry about delivery or contract expiry.

Trade Forex on MyFX Markets

Invest in Stock Indices with MyFX Markets

An index is a group of stocks that can be used to track the performance of a country’s economy or a market.

MYFX Markets’ spot CFDs allow you to trade index price fluctuations without purchasing actual futures products.

You can trade contracts with small lots, which is more friendly to investors who have just started index trading.

  • Very small spreads, even small price fluctuations can be profitable.
  • No transaction fees.
  • Take advantage of margin trading leverage up to 1:100.
  • You can long or short at any time according to market changes.
  • Real-time quotes, real-time correlation with the corresponding stock market.
  • Flexible leverage options allow you to better control risks

Invest in Indices with MyFX Markets

Invest in Commodity CFDs with MyFX Markets

In the commodity market you can trade the world’s most basic industrial products such as energy, metals and so on.

The global demand for such important products is rising and falling, so traders can profit from the price fluctuations of the corresponding CFD market.

Trade Precious Metals with MyFX Markets

Precious metals such as gold and silver have long been regarded as the oldest and most trusted currencies.

With MYFX Markets, trading spot gold and spot silver does not require “physical” buying or selling of the corresponding commodities, but is the same as foreign exchange margin trading.

The price of gold is expressed in unit weight. The price indicates how many dollars each ounce of gold costs.

For example, if the price of gold (XAUUSD) is $1600.00, that means an ounce of gold costs $1600.00.

The same silver price represents the dollar price per ounce of silver.

If the price of silver (XAGUSD) is $28.00, it means that the price of one ounce of silver is $28.00.

Invest in Gold on MyFX Markets

Trade Oils with MyFX Markets

The importance of oil in fuel and industry makes it one of the most basic and widely traded commodities in the world.

Oil is a highly volatile commodity because the price of oil is determined by a range of important and sometimes unrelated factors, including economic supply and demand, political unrest in oil-producing countries, and even technological advances in the production of alternative fuels.

When you trade oil at MYFX Markets, you are not actually buying any physical oil.

Instead, you enter into a contract that is tied to the actual price of the item.

This trade is called a contract for difference (CFD).

Invest in Oil Markets with MyFX Markets

Invest in Cryptocurrencies with MyFX Markets

At MYFX Markets you can trade cryptocurrencies directly on MT4.

MYFX Markets provides traders with the opportunity to participate in emerging cryptocurrency trading.

You can trade 5 cryptocurrencies on MT4 with up to 1:5 leverage.

DECENTRALIZED CURRENCY
Unlike fiat currencies such as the US dollar and the euro, which are controlled by national central banks such as the U.S. Federal Bank and the European Central Bank, cryptocurrencies are based on a decentralized system. The system is governed by a global community and managed by a huge network of computers using blockchain technology. This means that no government entity can control or interfere with the supply and price of cryptocurrencies. In addition to this, cryptocurrencies are not limited or controlled by regions or any economic entity, as their owners are located all over the world.
PERFECT OPTION FOR HEDGING RISK
As a truly global asset and its property that it is not controlled by any government and institution, its price is not affected by any changes in the political or economic environment of a country, but is completely determined by supply and demand in the market. This has made cryptocurrencies a very popular asset for traders to diversify their portfolios and hedge against political instability and economic uncertainty.
POTENTIAL PROFITABILITY
With the increasing credibility and popularity of cryptocurrencies, the price of cryptocurrencies in the market has skyrocketed, and whether you are a beginner or a professional trader, you can enjoy great rewards. Also, the high volatility of the market offers attractive profit potential, but keep in mind that there is no guaranteed profit in the market and trading decisions can lead to losses. Despite these significant risks, there is nothing stopping traders from flocking to this seductive and rapidly emerging cryptocurrency market.
HEDGE AGAINST INFLATION
Today, millions of cryptocurrencies are in circulation and traded. However, their net supply is limited; this makes cryptocurrency trading similar to gold or diamond trading. The scarcity of cryptocurrencies makes them a popular hedge against inflation.

Invest in Cryptocurrencies with MyFX Markets

Download MyFX Markets MT4 for free

MetaTrader 4 is an advanced trading platform for trading in Forex, Metals and Futures markets.

MetaTrader 4 is the most popular trading client terminal in the world, it provides the necessary functions to trade Forex, Metals, Indices and Commodities.

Log in to the MYFX Markets mobile terminal with the same account information as your computer terminal for more flexible and convenient trading.

With a simple login, you can enjoy trading at your fingertips anytime, anywhere

Click to place an order
Simplify the transaction process and shorten the transaction time with the function of click-to-order.
Expert Advisor (EA)
MYFX Markets’ MT4 platform is compatible with various third-party trading systems (EA), including scalping-type EAs.
Chart selection
View display multiple charts or create custom chart templates.
Analyzing tool
MYFX Markets’ MT4 client contains up to 50 trading indicators and a variety of interactive charts for you to choose from.

Download MyFX Markets Mobile Terminal

About MyFX Markets MAM Copy Trading tool

Manage multiple accounts through a single MT4 account.

The multi-account management system is tailor-made for fund managers to use the MetaTrader 4 platform to centrally place orders in the main account, and allocate them to linked sub-accounts through various allocation methods.

  • Ideal for operating multiple accounts simultaneously through Expert Advisors.
  • Trading lots starting from 0.01 lots.
  • Accept a variety of order methods: market price transaction, limit price transaction.
  • Accept a variety of closing methods: trailing stop loss, offset closing and all closing.
  • Real-time monitoring of fees and account performance.

Inquire about the MAM service of MyFX Markets

Pricing (Quotes) of MyFX Markets MT4

MyFX Markets has close cooperation with many world-renowned banks and financial institutions, which allows them to obtain more urgent and high-quality liquidity and allow all customers to enjoy lower spreads.

MYFX Markets has set up data centers in New York (NY4) and Tokyo (TY3) to provide customers with a high-speed transaction experience.

Spread
At MYFX Markets, you can enjoy institutional-grade premium spreads, including foreign exchange, commodities and indices, to minimize your transaction costs.
Swap & Rollover
Forex rollover (interest payment) refers to the interest you receive or pay for holding a position overnight.
Margin and Leverage
MyFX Markets offer leverage of up to 1:500, opening the way for retail clients to enter the foreign exchange market.
Slippage Policy
MYFX Markets prides itself on treating every client fairly.

Go to MyFX Markets Official Website

Condition of MyFX Markets’ Leverage and Margin

To enable retail clients to access the foreign exchange market, MyFX Markets offers leverage up to 1:500.

When you trade on margin, you are actually using short-term borrowing to make substantial profits amid market volatility.

For example, when the leverage is 1:100, a $10,000 trade value order only requires a $100 deposit.

In order to avoid unnecessary losses caused by sudden and violent market fluctuations, the 1:500 leverage is only open to accounts with a margin balance of less than or equal to 50,000 USD equivalent.

Margin is a deposit used to maintain your position orders.

In order to guarantee your current position orders or open new positions, you need to hold sufficient margin.

MYFX Markets implements the following system to protect all clients from losses due to sudden and violent market fluctuations.

For example, on the premise of 1% margin, a transaction worth $1,000,000 requires a deposit of $10,000.

Sign up on MyFX Markets for free

Margin Call Level

A margin call is a notification that you need to deposit more funds in your trading account so that there is enough margin in your account to maintain your current open positions.

Usually this happens because the market moves against your open position or because the required margin changes.

When the margin ratio of your account is as low as 90%, MyFX Markets will send an email to remind you that the current margin is insufficient to maintain your opened positions.

Go to MyFX Markets Official Website

Stop Out Level

The liquidation ratio is the ratio that the loss exceeds a certain ratio and the net value reaches the ratio that needs to automatically close the opened position.

In MYFX Markets, when your margin ratio is as low as 50%, the position order will be automatically closed.

Circumstances that lead to margin calls can occur suddenly and margin calls are very important.

You need to be familiar with margin call policies.

Clients need to monitor their opened positions and margin calls in a timely manner.

Start trading online with MyFX Markets

Condition of slippage on MyFX Markets

Slippage is a common phenomenon that occurs when markets are volatile – slippage can have a positive effect or a negative effect.

Slippage means that when the pending order is triggered, the price of the pending order fails to appear in the market or is no longer available due to market fluctuations.

MYFX Markets prides itself on treating every client fairly.

For the benefit of all of the clients, MYFX Markets treats the above two slippage situations in exactly the same way as trading in stocks traded on the exchange or in the futures market.

In the above two cases, if the quotation obtained by MYFX Markets from the inter-bank market is more favorable to the client, MYFX Markets will allow the client to enjoy this more favorable quotation.

Similarly, if the market trend is not favorable for the client, the quotation obtained from the inter-bank market offer is even worse, and the client can only use this offer.

The difference between the transaction prices is the slippage of the best comprehensive quotation that MYFX Markets obtains from its quotation provider.

Go to MyFX Markets Official Website

Condition of Swap Points & Rollover

Forex rollover refers to the interest you receive or pay for holding a position overnight.

In the case of foreign exchange, the amount depends on the long or short position, plus the difference in interest rates between the currency pairs.

  • Some currency pairs pay overnight interest whether you are long or short.
  • Swap interest will only be generated if the position is held overnight to the next trading day.
  • If you hold a position overnight on Wednesday, you will be charged/paid triple the overnight interest – the sum of Wednesday, Saturday and Sunday.

You can access real-time overnight rates through the MT4 trading platform by following these steps:

  1. Select any product in the “Market Quote” window, right-click and select “Trading Product”.
  2. Select the product you want to query in the list and click “Properties”.
  3. Swap for buying long and short selling the product will be displayed in the window.
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