MYFX Markets is the trading name of Milson's Fintech. Milson's Fintech is authorized and regulated by the Financial Service Commission (FSC) of Republic of Mauritius.
MYFX Markets offers multi-channel funding including Bank Transfer, Credit Card and cryptocurrencies.
MYFX Markets covers all fees charged by banks or credit card companies. Please note that we can only cover fees that we see. If you incur a separate non-transactional fee from your bank or payment provider, any such fee will be your responsibility, so please make sure you check with your bank or institution if you’re unsure.
Standard Account: $200
Pro Account: $200
Currently MYFX Markets supports the following currencies for MT4 Accounts: USD, AUD, and JPY
Our clients’ funds are deposited in our segregated trust account.
Submit a withdrawal request from Client Office. Funds can only be sent back to an account in the same name as the trading account, e.g. if you have a company account you can’t withdraw funds to an account in the name of an individual.
From October 1st, 2016, MYFX Markets will cover all credit card fee (a saving of 0.9% - 3.89%). There is no fee for credit card withdrawal and 25 USD/AUD per transaction for bank transfer withdrawal.
You receive daily confirmations of your trades on any day there is trading activity. You will also receive a monthly statement on the first day of the new month. Please note that you will only receive a daily trading statement if there was a trade placed/active on the previous day.
Yes, MYFX Markets provides a replica of the live trading environment, including access to real-time spreads and execution speeds. You can learn to use our trading platforms in a risk-free environment.
If you haven’t already downloaded our MT4, you can download it from
After downloading and installing the MT4, simply follow the next steps;
1. Click on "File" of the main menu
2. Select "Open an account"
3. Select “MYFXMarkets-US03-Demo” from Trading Servers, then press ”Next”
4. Select “New demo account” from “Select account type”, then press “Next”
5. Fill out “Personal details” and tick "I agree to subscribe to your newsletters" check-box, then press "Next"
6. "Registration" will appear with your demo account details
MYFX Markets’ MT4 Demo Accounts last for 30 days. If you open a live account with us during this period and let us know, then we can set it to non-expiry.
MYFX Markets offers more than 55 pairs.
MYFX Markets allows trading of micro lots (0.01 volume and 1,000 base currency) on both of the standard and pro accounts for all FX pairs, gold, silver and WTI. For all product specifications please refer to the Product Schedule.
MYFX Markets allows most types of trading, including Expert Advisors (EAs), scalping and hedging.
Maximum leverage for an MT4 trading account with MYFX Markets is 1:400. You can submit a request to change your leverage in Client Office.
Make sure all the trades in your MT4 account are closed and simply email the Customer Services team and they will process your request.
Let our Client Services team know via email what changes need to be made to your account by emailing firstname.lastname@example.org. If they require any further information they will contact you.
Cryptocurrency is decentralised digital cash that is secured by encryption. It operates across a vast network of computers around the world and can be transferred to anyone. There are a number of different cryptocurrencies currently on the market. The original and most well-known one is Bitcoin which was launched in 2008. The other cryptocurrencies are called “altcoins” or alternative coins
Just like any CFD, a cryptocurrency CFD is a derivative instrument on a cryptocurrency asset. It derives its value from the cryptocurrency in question and the holder is trading on the difference in price – Hence, Contract For Difference
Cryptocurrencies are traded on a number of different exchanges around the world. These are not regulated exchanges and they are often registered in offshore locations. CFD assets are traded on the MyFXMarkets platform where liquidity providers provide the CFD to the trader.
Cryptocurrencies are a continuous market and never have a break. They trade 24 hours a day, 365 days a year.
We offer cryptocurrency leverage of up to 5 times.
We offer the top 5 cryptocurrency pairs for you to trade on MyFXMarkets including Bitcoin, Bitcoin Cash, Litecoin, Ripple and Ethereum
Cryptocurrency CFDs do not operate in “Lots” as they do with Forex. When you trade a cryptocurrency CFD you are buying a contract that has a set amount of tokens in it. These will vary according to the coin so we encourage you to take a look at our cryptocurrency asset schedule.
When you are trading on MyFXMarkets, you are trading a CFD product that is a derivative of the cryptocurrency. You have not bought the coins but you have bought the rights to participate in price movements. Hence, you cannot withdraw any coins (unless you have funded in cryptocurrency).
Cryptocurrencies are inherently more risky than traditional Forex. This is because they are a relatively new asset class that reacts more violently to price movements. Hence, when trading cryptocurrencies, your returns / losses are magnified (leverage held equal).
Cryptocurrencies are not fully regulated by any government. There are many exchanges that are unregulated by any government agency and will sell cryptocurrencies. MyFXMarkets, on the other hand, is a fully regulated CFD broker. When you trade CFDs with us, your investment can be considered safer than if you were to rely on an unregulated offshore exchange.
Warning: FX market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.
Myfx Markets, the trading name of Milson's Fintech, provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. FX products are leveraged products and trading FX therefore involves a high level of risk that may not be suitable for everyone. Myfx Markets recommends that you ensure that you fully understand the risks involved before making any decision concerning Myfx Markets' products. Independent advice should be sought if necessary.
Legal: Myfx Markets, the trading name of Milson's Fintech, is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. The company's Category 1 Global Business No. is C118023066.
Current Disclaimer: The content of this website does not constitute a recommendation and, consequently, you should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire any MYFX Markets' financial products. A Disclosure Document is available here or sending email to email@example.com or by calling +64 9 889 4022, which should be considered prior to acquiring or continuing to hold CFDs. Information about our services, including our fees and charges is also available at those sources.