Thinking of MyFXMarkets? “Must-Read” Pros & Cons of the Service

September 17, 2016

You should read this before start trading with MyFXMarkets.

Thinking of MyFXMarkets? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

MyFXMarkets does not have a Dealing Desk, and any kinds of trading activities are allowed on its MetaTrader4.

The minimum spread start from 0.6 pips and there is no hidden or extra commissions. The trading cost is much lower as a STP broker(No Dealing Desk).

Cons

The broker is registered in Republic of Mauritius, but no licenses are acquired for any major financial authorities.

MyFXMarkets does not run any Bonus Promotions often.

No Company News are published and No trading tools are provided.

Sometimes there is no response from the support team, and you could have hard time reaching to them.

Is MyFXMarkets suited for you?

MyFXMarkets is a bit quiet Forex broker with no promotions or other advertisement.

No Bonus Promotions or No regular company news released by MyFXMarkets, some traders might think that the broker isn’t active anymore though, there are surely traders trading with the broker for a long time.

The main advantage of MyFXMarkets is the “STP(Straight Through Processing) High Speed Execution” and “The low cost of trading”.

Once you understand their general conditions and rules, you may find it very preferable broker.

MyFXMarkets is recommended for traders who know how to trade and make profits, on their own ways.

MyFXMarkets may not be recommended for traders who like exciting bonus promotions or constant support and communication from the brokers.

“Fair” and “Low Cost” trading environment is already there with MyFXMarkets, so you may just need to understand it and trade on your own.

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