MYFX Markets: Standard, Pro and Micro accounts, cash access and entity scope

MYFX Markets publishes three retail account formats: Standard, Pro and a smaller-contract Micro account. Standard and Pro use MetaTrader 4 or MetaTrader 5; Micro uses MT4. The practical difference is the combination of contract size and charging model, rather than three levels of investment advice. The public account schedule is advertised across a website naming both Seychelles and Comoros providers, so the agreement issued at onboarding remains important to the applicable terms.[2][29]

All three advertise a 0.01-lot minimum. On the stated FX contract sizes, that represents 1,000 currency units in Standard or Pro and 10 units in Micro. Micro balances appear in US cents: USD 100 is displayed as 10,000 USC. A larger displayed cent balance does not represent additional money. Payment-method minimums also apply; the help centre directs clients to the deposit form for the actual threshold.[1][3][4]

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The published range covers foreign exchange, precious metals, energy contracts, cash index CFDs and cryptocurrency CFDs. This is leveraged trading exposure. The cash-index page describes a contract linked to an index, while the energy page describes oil derivatives rather than delivery of barrels. Product availability and maximum trade size therefore need to be read at the instrument level.[6][8][7]

The crypto product page advertises leverage up to 5:1 and trade sizes from 0.01 to 10 lots. A 0.01-lot order is consequently not a uniform quantity across coins. The public product range also differs by account: Micro is listed for FX and metals, whereas Standard and Pro show the broader CFD range.[9][2]

A spread quote is only one component of the bill. Pro adds the displayed lot commission, while overnight positions can generate a financing debit or credit. MYFX says swap rates may be negative on both sides of a pair and describes a triple FX swap on Wednesday for the weekend. Current long and short values are available in the platform’s instrument properties; a static rate should not be treated as permanent.[10]

Account leverage also changes with balance. The help guide gives Standard up to 1,000:1 at USD 7,000 or below, 500:1 above that level and 400:1 above USD 50,000. Pro is shown at up to 500:1 through USD 50,000 and 400:1 above it. Leverage-change requests go through Client Office or registered-email support; the guide says requests cannot be processed while margin level is below 500%.[12]

Product ceilings can be lower than the account setting: the margin page gives oil and indices up to 100:1 and crypto up to 5:1. Applying the headline FX maximum to every instrument would misstate the advertised terms.[11]

MYFX’s strategy guide permits Expert Advisors, scalping and hedging within one account. It prohibits several other practices, including hedging across accounts or brokers, latency trading, arbitrage and coordinated manipulation. “EA friendly” therefore does not remove the broker’s strategy restrictions. Its slippage explanation also allows both favourable and unfavourable execution differences during gaps, news or changing liquidity.[14][18]

The Seychelles client agreement identifies the company as principal unless an agency arrangement is specifically agreed. It provides for market, limit and stop instructions, but does not promise every order’s requested price or size. These contractual terms give the advertised liquidity-access description its operational context.[28]

The payment guide lists USD, JPY, AUD, GBP and EUR, subject to account type and deposit method. Withdrawal requests start in Client Office under Payments. MYFX generally requires the same route used to deposit and a destination in the client’s own name. The balance shown in a trading account is not automatically the amount that can be removed while trades remain open.[5][19]

The archive notices are platform-specific too. MT4 clients are told to log into MT4 before the emailed deadline to avoid archiving. MT5 clients are told to deposit or trade after the advance notice. Neither guide establishes one universal inactivity duration for every account. This is an access and account-status procedure, separate from the insufficient-activity withdrawal charge in the Seychelles agreement.[23][24]

The FSA lists MYFX GROUP LIMITED and myfxmarkets.com. Company legal disclosures identify Seychelles licence SD202 and company 8435863-1; the profile keeps those sources distinct.[30][29]

The website warns that leveraged losses can exceed the initial investment. No universal negative-balance guarantee or insured compensation limit is established by the cited material. For a dispute, the contracting entity and retained agreement matter more than the brand alone.[16]

The complaint policy provides a free formal process through [email protected], with a signed form and supporting evidence. It states acknowledgement within 48 hours and aims to resolve domestic complaints within 21 business days and international complaints within 30; delayed cases receive reasons and a further timetable. Separately, the FSA’s own complaint page requires the provider to have 21 business days to determine a complaint before escalation, and requires proof of the original complaint and relevant documents.[33][34]

The site advertises 24/5 support. For account changes, the contact page directs clients to communicate from their registered email. Its login-authentication guide describes reCAPTCHA; that particular control should not be relabelled as two-factor authentication. A specific published emergency dealing procedure was not established in the reviewed support material.[31][32][27]

The daily-confirmation guide says reports are sent after days with trades or balance activity, rather than every inactive day. Missing copies can be requested with the account number and date, and desktop MT4/MT5 history can be exported. A separate US07-server guide says older history may be aggregated into monthly profit-and-loss entries after about six months; the archive-processing date differs from the original trade date. Support can retrieve backup history for a stated period, which matters when reconciling records.[26][25]

MYFX documents four copy-sizing methods: Auto Scale, Multiply, Fixed and Lot Proportion. Copying can involve a different entry price, particularly when joining existing positions, as well as delay and slippage. The provider’s displayed trade and the follower’s realised result are consequently different records.[36][38]

The MAM landing page describes master-account allocation, block orders, reporting and performance-fee handling, with MT4 described in its main operating text. Those facilities support a manager’s mandate; they do not establish that MYFX itself supplies discretionary investment advice to every client.[39]

A published Welcome Bonus document distinguishes non-withdrawable trading credit from potentially withdrawable profits. It provides for a 60-day credit life and cancellation on withdrawal or transfer, alongside eligibility exclusions and anti-abuse conditions. Current participation is not confirmed solely by the availability of that PDF. A promotional credit balance should therefore not be added to a cash-withdrawal estimate.[42]

MYFX Markets describes more than a decade of operations and multiple liquidity sources. The FSA also lists IconFX under MYFX GROUP LIMITED; a shared company does not establish identical account terms.[31][30]

The current website excludes, among others, residents or citizens of the United States, Australia, Canada, the European Union, Iran, North Korea, Belize and Russia, and publishes further territorial restrictions. It also says the website is not directed at Japanese residents. International-facing here describes its service presentation and market range; acceptance still depends on residence, legal eligibility and the entity named during onboarding.[29]

Headquarters

Ile Du Port, Mahe, Seychelles (profiled regulated entity)