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MYFX MARKET

MYFXMarkets Reputation and Customer Reviews | Thorough Investigation of Safety and Withdrawal Refusal Cases

Posted by: MoneyChat Editorial Department

MYFXMarkets is an overseas forex broker founded in 2014, which began offering services to Japan in 2020

Although it's still not very well-known in Japan, its official website is fully localized in Japanese, and it has a reputation for quick and courteous responses from its Japanese-language support team

Furthermore, it offers an excellent trading environment with a maximum leverage of 1,000x and some of the narrowest spreads in the industry

However, many people will want to check things like withdrawal refusals, which are common problems with overseas forex brokers, and whether it's safe to deposit large amounts of margin before using MYFXMarkets

Therefore, this time we thoroughly investigated MYFXMarkets' reputation, customer reviews, security, and cases of withdrawal refusals

What you will learn from this article

  1. Positive reviews and testimonials for MYFXMarkets
  2. Negative reviews and comments about MYFXMarkets
  3. What are the safety and reliability requirements for MYFXMarkets?
  4. What actions and trades are prohibited on MYFXMarkets?
  5. Are there any cases of withdrawal refusal at MYFXMarkets?
  6. Who would I recommend MYFXMarkets to?
  7. What I learned from actually using MYFXMarkets
  8. Bonus campaigns currently running at MYFXMarkets
  9. About MYFXMarkets account types
  10. How to open an account with MYFXMarkets
  11. MYFXMarkets deposit and withdrawal methods

Contents

Positive reviews and testimonials for MYFXMarkets

Here, we've gathered positive reviews and testimonials about MYFXMarkets, primarily from social media

  1. Positive reviews and testimonials about MYFXMarkets ① A wide variety of bonus campaigns are available
  2. Positive reviews and testimonials for MYFXMarkets ② Narrow spreads
  3. Positive reviews and testimonials for MYFXMarkets ③ Low fees
  4. MYFXMarkets Positive Reviews/Testimonials ④ Fast response time from Japanese support
  5. MYFXMarkets' positive reviews and testimonials #5: No restrictions on EAs and scalping
  6. MYFXMarkets Positive Reviews/Testimonials #6: Fast Withdrawals

Positive reviews and testimonials about MYFXMarkets ① A wide variety of bonus campaigns are available

MYFXMarkets frequently holds a wide variety of bonus campaigns, including deposit bonuses, cashback bonuses, and gift giveaways

While there are limited-time bonus campaigns, new bonus campaigns are frequently held, so there's always some kind of bonus campaign going on

You can find more details about the bonus campaign currently running at MYFXMarkets here

Positive reviews and testimonials for MYFXMarkets ② Narrow spreads

MYFXMarkets boasts a minimum spread of 0.0 pips, making it renowned as one of the narrowest spreads among overseas forex brokers in the industry

The spread is a crucial factor that affects all trades, so the narrower it is, the more advantageous your trading will be

Spreads vary depending on the account type, and if you want to trade with the narrowest spreads, the "Pro Account" is recommended

You can find a detailed explanation of MYFXMarkets account types here

Positive reviews and testimonials for MYFXMarkets ③ Low fees

At MYFXMarkets, trading fees are free for all account types except the Pro account, and even for the Pro account, the fee is set at a low 6.65 USD (equivalent) per lot compared to competitors.

In scalping, where the number of trades increases, spreads and transaction fees are important, and MYFXMarkets, with its narrow spreads and low transaction fees, provides a suitable environment for scalping

MYFXMarkets Positive Reviews/Testimonials ④ Fast response time from Japanese support

MYFXMarkets accepts inquiries in Japanese

While some overseas forex brokers may be slow to respond to inquiries or may not respond at all, MYFXMarkets' Japanese support is its fast response times , providing peace of mind in case of problems.

I actually tried contacting support via chat, and I was immediately connected to Japanese support, which resolved my issue

However, I also tried contacting them via email, but received no reply, so if it's urgent, I recommend contacting them via chat or LINE

MYFXMarkets' positive reviews and testimonials #5: No restrictions on EAs and scalping

MYFXMarkets does not restrict scalping, so you can trade using scalping strategies .

Furthermore, there are no restrictions on EAs (Expert Advisors), so possible to trade using automated trading software .

Using a VPS allows for automated trading 24/7, 365 days a year, making it popular among traders who have limited time for trading

MYFXMarkets Positive Reviews/Testimonials #6: Fast Withdrawals

While many overseas forex brokers take a long time to process withdrawals, I found many posts stating that MYFXMarkets has fast withdrawals

Delays or refusals of withdrawals can raise concerns about a broker's reliability, but MYFXMarkets, which offers fast withdrawals, can be said to be highly reliable and secure

You can find detailed information about deposit and withdrawal methods at MYFXMarkets here

Negative reviews and comments about MYFXMarkets

Here, we have gathered negative reviews and comments about MYFXMarkets, mainly from social media

  1. Negative reviews and comments about MYFXMarkets ① Leverage restrictions may be imposed
  2. MYFXMarkets' negative reviews and comments #2: Slow bonus processing
  3. MYFXMarkets' negative reviews and comments #3: There are times when the market gaps significantly at the start of the week
  4. MYFXMarkets' Negative Reviews/Comments ④ The bonus cushion feature may be discontinued
  5. MYFXMarkets' negative reviews and comments #5: There are posts claiming that withdrawals were refused

Negative reviews and comments about MYFXMarkets ① Leverage restrictions may be imposed

leverage is restricted based on your margin balance

The leverage limits based on your margin balance are as follows:

Margin balanceLeverage
1USD (equivalent) to 7,000USD (equivalent)Up to 1,000x
7001USD (equivalent) ~ 50,000USD (equivalent)Up to 500x
50,001USD (equivalent) or moreUp to 400x

If you want to trade with 1000x leverage, adjust your margin before trading

However, please note that the bonus will also be forfeited if you withdraw your winnings

Overseas Forex Leverage Comparison! Recommended Brokers with Leverages from 1000x to Unlimited, and a Summary of Regulatory Rules Including Calculations and Limitations!

MYFXMarkets' negative reviews and comments #2: Slow bonus processing

There have been reports of delays in the bonus being credited from MYFXMarkets

Taking deposit bonuses as an example, while competitors often reflect them immediately, MYFXMarkets has an estimated reflection time of 1-2 business days

Since deposit bonuses are often something people want to use immediately, the delay in their reflection is a disadvantage

MYFXMarkets' negative reviews and comments #3: There are times when the market gaps significantly at the start of the week

There was a post mentioning that at the start of trading on Monday, this broker sometimes opened with a larger gap than other overseas forex brokers

Gaps in trading prices are more likely to occur when large orders are placed when most markets are closed on weekends, and can also be caused by statements made by influential figures over the weekend

While trading doesn't always begin with a gap in the market, it's generally safer to close any positions before the trading hours start if possible

MYFXMarkets' Negative Reviews/Comments ④ The bonus cushion feature may be discontinued

In simple terms, the bonus cushioning function means that you can use the bonus as margin

For example, if you deposit 50,000 yen and receive a 100,000 yen bonus, the required margin will be 150,000 yen if the cushion function is in place, but without the cushion function, it will be 50,000 yen in margin plus the 100,000 yen bonus

Although the results may appear the same at first glance, if a stop-loss of 50,000 yen is triggered, the margin will become 100,000 yen with the cushion function enabled, but without the cushion function, the margin will become 0, and the bonus amount will also be lost

As you can see, the presence or absence of cushioning is a very important factor, but MYFXMarkets has discontinued cushioning without prior notice

[Must-See for Beginners] What is the cushion function of overseas FX bonuses? A thorough explanation of the difference between having it and not having it!

MYFXMarkets' negative reviews and comments #5: There are posts claiming that withdrawals were refused

I found several posts from users who reported being denied withdrawals from MYFXMarkets

It's possible your withdrawal was refused because you engaged in a transaction that violated the terms of service, but the exact reason hasn't been disclosed

You can find a detailed explanation of MYFXMarkets' withdrawal refusal cases here

What are the safety and reliability requirements for MYFXMarkets?

Operating companyAXIS INC
Year of establishment2014
addressFirst Floor, First St Vincent Bank Ltd Building James Street, Kingstown ST. VINCENT AND THE GRENADINES
Financial LicenseFinancial License for Saint Vincent and the Grenadines ( SVGIBC )
Maximum leverage1,000 times
Fund management methodSegregated accounts (with trust protection)
Japanese supportcan be
Trading ToolsMT4/MT5
Margin callNone (Zero-cut system is used)

MYFXMarkets is an overseas forex broker founded in 2014

Our services for the Japanese market have been available since 2020, and inquiries can be made in Japanese

There are three ways to contact us: email, chat, and LINE. However, if your inquiry is urgent, we recommend contacting us via chat

The maximum leverage is 1,000 times, which is a relatively high leverage ratio compared to other overseas forex brokers.

Funds are managed separately, but protected by a trust , making them extremely safe.

We hold a financial license from Saint Vincent and the Grenadines ( SVGIBC

When using an overseas forex broker, be sure to check its rating in a comparison ranking of recommended brokers.

What financial licenses does MYFXMarkets hold?

MYFXMarkets holds SVGIBC

SVGIBC is a financial license held by many overseas forex brokers, but it does not actually issue financial licenses for forex brokers, and therefore does not guarantee that the company is a legitimate forex broker.

Therefore, it is considered to have low credibility among financial licenses

However, since there are overseas forex brokers that do not hold any financial licenses, MYFXMarkets, which does hold a financial license, can be said to have a certain level of reliability

List of Financial Licenses for Overseas Forex Trading | Explanation of Each License's Characteristics and Reliability

How does MYFXMarkets manage funds?

At MYFXMarkets, customer funds are managed through segregated accounts (with trust protection)

Segregated accounts are a fund management method that keeps customer funds and operating funds separate, and it is a fund management method adopted by many overseas forex brokers

However, relying solely on segregated management without a checking body makes it unclear whether the segregated management is truly being carried out, and the reliability of refunds in the event of bankruptcy or other unforeseen circumstances is not high

However, at MYFXMarkets, customer funds are held in trust banks and monitored by external auditing bodies.

Therefore, customer funds will not be used as MYFXMarkets' operating capital, and even if MYFXMarkets faces difficulties in its operations, deposited funds will be refunded 100%.

Very few overseas forex brokers offer trust protection, making the security of fund management extremely high

What is trust protection for overseas forex trading? We'll also explain how it compares to segregated accounts

What actions and trades are prohibited on MYFXMarkets?

MYFXMarkets prohibits the following transactions and activities:

  1. Rate manipulation
  2. Group trading
  3. Hedging between accounts or between brokers
  4. Latency trading
  5. Arbitrage
  6. Front running
  7. Transactions that MYFXMarkets deemed fraudulent

All of these actions and trades are prohibited by other overseas forex brokers, but the one you need to be careful about is ③, hedging between accounts or between brokers

Those who use multiple overseas forex brokers should be especially careful, as they may unknowingly be engaging in hedging across brokers

Are there any instances of withdrawal refusals at MYFXMarkets?

After investigating withdrawal refusals related to MYFXMarkets, mainly on social media, I found posts from users who reported being denied withdrawals by MYFXMarkets

Based on the content of the notification, it appears to be a measure taken in response to prohibited trading, but since the account has also been closed, it is highly likely that MYFXMarkets judged it to be malicious trading

However, since it is stated that the principal can be withdrawn, only the profits are confiscated

Since malicious overseas forex brokers often refuse withdrawals, including the principal amount, MYFXMarkets' response shows a certain degree of sincerity

We also found the following posts:

Being listed in this way suggests that there may have been a certain number of reports of withdrawal refusals. A common reason for withdrawal refusal is that the account engaged in transactions that violated the bonus terms and conditions

Many overseas forex brokers offer generous bonus campaigns, but these often come with stricter trading terms and conditions, and it's not uncommon for bonus-specific trading terms to apply when using bonuses

MYFXMarkets also has bonus terms and conditions, and if you violate prohibited trading practices, withdrawals may be refused or your account may be frozen (closed)

Since we cannot inquire about the details of the review process, the exact reason for the withdrawal refusal is unknown. However, you will be notified that this part of the terms of service has been violated, so you can make an educated guess about the reason

In this case, since the terms and conditions state that trading such as rate manipulation, group trading, hedging between accounts or between brokers, latency trading, arbitrage, and front-running are prohibited, it is highly likely that one of these types of trades were performed, even unintentionally

Since the principal will be returned and the reason for the forfeiture of profits is stated, it does not seem to be a malicious refusal to withdraw funds .

What are the reasons for withdrawal refusals in overseas forex trading and how to deal with them? Tax and tax filing information is also explained

Who would I recommend MYFXMarkets to?

Here, we'll introduce who MYFXMarkets is recommended for and who it's not recommended for

MYFXMarket is recommended for: ① Those who want to mainly engage in scalping

MYFXMarket is known as an overseas forex broker with generally narrow spreads, and it also offers zero-spread account types

Since scalping is permitted, a trading environment suitable for scalping , making it a favorable environment for traders who primarily engage in scalping.

Furthermore, since spreads affect all trading styles, you can gain an advantage in trading methods other than scalping

Recommended Overseas Forex Scalping Account Comparison! A thorough explanation of why you might not be winning and what to avoid!

MYFXMarket is recommended for people like this (2) those who want their deposited funds to be managed securely

Many overseas forex brokers manage customer funds using segregated accounts, keeping them separate from their own assets

Therefore, customer funds should remain untouched and not be used for operating assets. However, in the case of overseas forex brokers without oversight bodies, it is uncertain whether customer funds are truly untouched

However, at MYFXMarket, customer funds are held in trust banks and audited by checking institutions, so customer funds are kept safe, and even if MYFXMarket's operations become difficult, deposited funds will be refunded 100% .

Therefore, even those who are hesitant to deposit large amounts of margin with overseas forex brokers can do so with peace of mind

MYFXMarket is recommended for people like this ③ Those who want to try using a unique signal tool

MYFXMarket offers its own unique signaling tools

The signal tool analyzes market information and chart movements in real time, and notifies you of entry points and exit lines.

While it is possible to trade according to the signal tool, expert analysis and explanations are also provided, so combining them with the signal tool can further improve accuracy

The signal tool can be installed and used with MT4/MT5, and you can also receive notifications by registering on Telegram or Discord

MYFXMarket is recommended for people like this ④ People who want to trade various stocks

MYFXMarket offers over 50 currency pairs

Since we handle not only major currencies but also minor currencies, you have a high chance of finding a currency pair that suits your trading style, such as currencies with high swap points or high volatility

Therefore, it is also recommended for those who want to try trading various currency pairs

Recommended Currency Pairs for Overseas Forex Trading | Explanation of Easy-to-Win Currency Pairs and Their Characteristics

MYFXMarket is not recommended for the following people: ① Those who want to take advantage of generous deposit bonuses

MYFXMarket is offering a deposit bonus

While deposit bonuses are offered both irregularly and permanently, MYFXMarket's permanent deposit bonus is 50% up to a maximum of 40,000 yen, which is somewhat lower compared to its competitors

Furthermore, there is a time lag before the deposit bonus is reflected in your account, making it unsuitable for those who want to use the bonus to trade immediately after making a deposit

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

MYFXMarket is not recommended for the following people: ② Those who want to use an overseas broker with many Japanese users

MYFXMarket launched its services for Japan in 2020 and has been focusing on acquiring Japanese users through social media promotions targeting Japanese audiences. However, there are still relatively few Japanese users and limited information available

There is particularly little information available on social media, and user reviews are scarce

Furthermore, when there are problems such as abnormal chart movements, overseas forex brokers with many users often receive immediate posts on social media from their users. However, with MYFXMarket, there are few such posts, making it difficult to determine whether the problem lies with the user's environment or the server

The official Japanese social media accounts are very active in posting updates, so they will likely post information in case of any problems. However, those who want to hear a variety of third-party opinions may find it somewhat lacking

What I learned from actually using MYFXMarket

Here, I'll share the advantages and disadvantages I discovered after actually using MYFXMarket

Benefits I discovered after actually using it

High execution power and equal slippage

MYFXMarket has data centers located all over the world, providing a fast and stable trading environment

In actual trading, I never experienced any instances of orders being rejected due to high execution speed

The system also handles slippage equally. Orders placed during periods of high price volatility, such as before and after the release of important economic indicators, may be executed at an unintended rate due to rate fluctuations before execution. However, the system executes orders equally regardless of whether the rate is favorable or unfavorable to the trader, so there is no inequality where traders' orders are rejected only when the rate is favorable

Trading only before and after the release of important economic indicators is not prohibited

Many overseas forex brokers prohibit trading before and after the release of important economic indicators because the market tends to become volatile and more speculative, but MYFXMarket does not have any such restrictions

I actually contacted support to ask if trading only around the time of important economic indicator announcements was prohibited, and they said it wasn't

Turbulent markets are high-risk due to their high volatility, but they also offer opportunities for significant profits

Disadvantages I discovered after actually using it

The bonus terms and conditions are a bit difficult to understand

At MYFXMarket, trading using bonuses requires adherence to the bonus terms and conditions. However, the bonus terms and conditions document is somewhat unclear, and MYFXMarket may take measures such as canceling profits at its discretion

Additionally, deposit bonuses have an expiration date, and any bonuses that have expired will be forfeited

Experienced FX traders will likely grasp the nuances after reading it once, but it might be difficult for beginner traders to understand

Bonus campaigns currently running at MYFXMarket

As of July 2025, here are the promotional bonuses currently being offered at MYFXMarket

  • 50% deposit bonus
  • Up to 40,000 yen
  • The validity period is 60 days

This is a deposit bonus that can give you up to 40,000 yen

Please note that this offer can only be used once, and the bonus is only valid for 60 days

  • A minimum deposit of 30,000 yen is required
  • A minimum of 3 lots must be traded
  • Entry required

This is a campaign where you can win domestically produced rice

After entering, you will need to deposit 30,000 yen or more and trade 3 lots or more

Please note that corporate accounts, micro accounts, and MAM/PAMM accounts are not eligible for this campaign

This campaign offers a cashback of up to 500,000 yen

The cashback amount increases with the number of trading lots

trading volumeCashback amount
10,000 lots ~500,000 yen
7,000 lots to less than 10,000 lots300,000 yen
5,000 lots to less than 7,000 lots100,000 yen
2,000 lots to less than 5,000 lots80,000 yen
1,000 lots to less than 2,000 lots60,000 yen
600 lots to less than 1000 lots40,000 yen
400 lots to less than 600 lots20,000 yen
200 lots to less than 400 lots10,000 yen
100 lots to less than 200 lots8,000 yen
75 lots to less than 100 lots6,000 yen
50 lots to less than 75 lots4,000 yen
20 lots to less than 50 lots2,000 yen
15 lots to less than 20 lots1,000 yen
12 lots to less than 15 lots800 yen
10 lots to less than 12 lots600 yen
7 lots to less than 10 lots400 yen
5 lots to less than 7 lots200 yen
2 lots to less than 5 lots100 yen
1 lot to less than 2 lots50 yen

To receive the maximum cashback, you need to trade more than 10,000 lots, so aim for cashback within a reasonable range

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

About MYFXMarkets account types

Standard Account (MT4)

spread1.0 pips ~
Minimum deposit amountnone
Maximum leverage1,000 times
Tradable currency pairs50+ currency pairs
Transaction feesfree
Minimum trading lot size0.01 lot

Standard Account (MT5)

spread1.0 pips ~
Minimum deposit amountnone
Maximum leverage1,000 times
Tradable currency pairs50+ currency pairs
Transaction feesfree
Minimum trading lot size0.01 lot

Pro account (MT4)

spread0.0 pips ~
Minimum deposit amountnone
Maximum leverage500 times
Tradable currency pairs50+ currency pairs
Transaction fees6.65 USD/1 lot
Minimum trading lot size0.01 lot

Pro account (MT5)

spread0.0 pips ~
Minimum deposit amountnone
Maximum leverage500 times
Tradable currency pairs50+ currency pairs
Transaction fees6.65 USD/1 lot
Minimum trading lot size0.01 lot

Micro account

spread1.0 pips ~
Minimum deposit amount30USD (equivalent)
Maximum leverage500 times
Tradable currency pairs50+ currency pairs
Transaction feesfree
Minimum trading lot size0.01 microlot

The Standard account is a standard account type that accommodates all types of trading, with a maximum leverage of 1,000x, making it a standard account type that can be used by beginners and advanced traders alike

While the Pro account incurs trading fees, it offers narrow spreads and is suitable for scalping, making it an ideal account type for intermediate and advanced traders

A micro account is an account type with a small lot size, making it ideal for those with limited capital or those who want to try trading on a trial basis

For beginners or those who don't have a specific trading style in mind, a Standard account is recommended. For those who aim for short-term trading such as scalping, a Pro account is recommended. For those who want to trade with a small amount of margin, a Micro account is recommended

How to open an account with MYFXMarkets

This guide explains how to open an account with MYFXMarkets

① Access the official website

Go to the official MYFXMarkets website and tap "Open an account."

You can also access it from here

② Enter your name, email address, etc

After entering the information, check the box that says "I am a human" and tap "Register"

③ Authenticate your email

You will receive an email from MYFXMarkets to the email address you registered. Click "Confirm" in the email body

④ Enter your personal information

Enter more detailed information, such as your phone number, address, and transaction history

⑤ Select your account type and leverage

Select your currency, account type, and leverage

⑥ Submit identity verification documents and address verification documents

I will upload my identity verification document and proof of address document

The following documents can be used for identity verification and address verification:

Examples of identity verification documents

  1. passport
  2. driver's license
  3. My Number Card

Examples of documents for verifying address

  1. Utility bill
  2. Bank statement
  3. Resident record

*Proof of identity must be within its validity period, and proof of address must have been issued within the last three months

After selecting the file, click Upload

MYFXMarkets will review your application, and if there are no issues, your account will be activated in about one business day

MYFXMarkets deposit and withdrawal methods

MYFXMarkets supports the following deposit and withdrawal methods:

You can scroll horizontally
Payment MethodsDeposit feeReflection guideline
Domestic bank transfer within Japanfree※1-3 business days
International bank transferfree※1-3 business days
Credit card / Debit cardfreeImmediately
Cryptocurrencyfree※Immediately
bitwalletfreeImmediately

*MYFXMarkets does not charge any fees, but the other party may charge fees

You can scroll horizontally
Withdrawal methodsWithdrawal feesReflection guideline
Domestic bank transfer within Japan2,000 yen1-3 business days
International bank transfer2,000 yen1-3 business days
Credit card / Debit card2,000 yen1-3 business days
Cryptocurrency3.5–30 USDT1-2 business days
bitwalletfree1-2 business days

Credit cards and bitwallet are recommended because there are no deposit fees, but bitwallet is especially recommended because there are no withdrawal fees either

Frequently Asked Questions about MYFXMarkets

Q. Is using MYFXMarkets illegal?

A. No

Using MYFXMarkets is not illegal

Q. Can Japanese people use MYFXMarkets?

A. Yes

Japanese citizens residing in Japan can also use MYFXMarkets

Q. Has MYFXMarkets received a warning from the Financial Services Agency?

A. Yes

In January 2020, the company received a warning from Japan's Financial Services Agency for "soliciting over-the-counter derivative transactions via the internet."

Q. Is it dangerous to use MYFXMarkets?

A. No

MYFXMarkets has received a warning from Japan's Financial Services Agency, but this warning is for soliciting Japanese citizens without proper authorization. Other major overseas forex brokers have received similar warnings. Therefore, this does not mean that MYFXMarkets is dangerous

Q. What is the maximum leverage offered by MYFXMarkets?

A. It depends on the account type, but the maximum leverage is 1,000 times

However, leverage is limited by your margin balance

Q. Have there been any cases of withdrawal refusals at MYFXMarkets?

Several posts regarding withdrawal refusals by A.MYFXMarkets have been found

However, while the likelihood of a user violating the terms of service is high, the likelihood of a malicious withdrawal refusal is low

Here you can find a detailed explanation of cases where MYFXMarkets has refused withdrawals.

Q. Does MYFXMarkets support inquiries in Japanese?

A. Yes

MYFXMarkets offers support in Japanese, and you can contact us via email, chat, or LINE

Q. Is MYFXMarkets running any bonus campaigns?

A. Yes

MYFXMarkets offers deposit bonuses and promotional campaigns

You can find more details about the bonus campaign currently running at MYFXMarkets here

Q. Can I open a corporate account with MYFXMarkets?

A. Yes

You can open a corporate account by submitting the necessary documents

Q. Is it possible to open multiple accounts with MYFXMarkets?

A. The general rule is one account per user, but it is possible to open multiple accounts by creating sub-accounts within a main account

Q. Is scalping prohibited at MYFXMarkets?

A. No

MYFXMarkets does not prohibit scalping

Q. Is hedging prohibited on MYFXMarkets?

A. Hedging is only possible within the same account

Hedging with other accounts or other brokers is prohibited

Q. Is automated trading possible on MYFXMarkets?

A. Yes

Automated trading is available at MYFXMarkets

Q. Is demo trading available on MYFXMarkets?

A. Yes

At MYFXMarkets, you can practice trading by opening a demo account

Q. Can I change my account type at MYFXMarkets midway through my account?

A. No

MYFXMarkets does not allow you to change your account type midway through your account

If you wish to use a different account type, you will need to open a new account from your sub-account

Q. What is the stop-loss level at MYFXMarkets?

A. 20% for all account types

Q. Are there any withdrawal fees at MYFXMarkets?

A. Withdrawals via bitwallet are free, however, withdrawals via domestic bank transfers within Japan, international bank transfers, and credit cards incur fees

You can find detailed information about MYFXMarkets' withdrawal fees here

summary

MYFXMarkets is a mid-sized overseas forex broker founded in 2014, which began offering services to Japan in 2020

It boasts a maximum leverage of 1,000x and is known for having narrower spreads compared to its competitors.

We also offer our own unique signaling tools, allowing even beginner traders who can't read charts or traders who don't have time to analyze market information to trade

We also focus on providing support in Japanese, and you can contact us via email, chat, or LINE

We have Japanese staff members, so they are native Japanese speakers

While we have confirmed instances of withdrawal refusals, it is highly likely that these were due to transactions that violated the terms of service, and the possibility of malicious withdrawal refusals is considered low.

However, the deposit bonus is weaker compared to other companies, and the time it takes for the bonus to be credited is also slow, so improvements are expected in the future

Furthermore, the bonus cushioning feature has been discontinued without prior notice in the past , it's safer to check the bonus terms and conditions before using the bonus.

While there are still relatively few Japanese users, this overseas forex broker is focusing on promotions targeting Japan, and it is expected to expand its services further in the future, making it a promising platform for the future

Overseas Forex Account Opening Bonus & Deposit Bonus Comparison Ranking! [Latest January 2026] Broker List

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