MYFX Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Pro
Forex0.30 PipsAUD$1.50 Per Lot
OtherNo Rebates Paid
Payment Options
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5 or IC Markets)
  Standard
Forex 0.30 Pips
Other No Rebates Paid
Payment Options
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5 or IC Markets)
  Pro
Forex AUD$1.50 Per Lot
Other No Rebates Paid
Payment Options
Monthly Cash Back - Real Time Reports
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. Real-time reports delivered to your profile dashboard update every 10 minutes (MT4) or once daily (MT5 or IC Markets)

What are MYFX Markets rebates?

Forex rebates reduce the spread or transaction cost paid by a trader on every trade, whether it’s a win or a loss. Rebate payment are offered in 3 forms including spread and commission reductions, daily trading account deposits, and monthly cash payments via bank wire, Paypal, Skrill and others.

How do MYFX Markets rebates work?

When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.

How much MYFX Markets rebates can I earn?

Use our forex rebate calculator to estimate your MYFX Markets rebate earnings:

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Which MYFX Markets rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. Our clients can rest assured they are getting the highest rebates possible combined with the best possible customer support and consistent, timely and accurate rebates.

Will my MYFX Markets spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at MYFX Markets.

How can it be better to work through a 'middle-man' than just working directly with MYFX Markets?

MYFX Markets rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are MYFX Markets rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. MYFX Markets rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

MYFX Markets Web traffic

Websites
myfxmarkets.com
Organic monthly visits 7,100 (100%)
Organic traffic rank 397 out of 1761 (Forex Brokers)
Paid monthly visits 0 (0%)
Total monthly visits 7,100
Bounce rate 46%
Pages per visit 2.42
Average visit duration 00:03:32

MYFX Markets Profile

Company Name MYFX MARKETS LLC
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2013
Headquarters Saint Vincent and the Grenadines
Office Locations Australia, New Zealand
Account Currency AUD, JPY, USD
Support Languages Chinese, English, Japanese
Funding Methods Bank Wire, Bitcoin, BPAY, Credit Card
Financial Instruments Forex, Oil/Energies, Cryptocurrencies
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

MYFX Markets Account types

  Standard Pro
Commission-AUD$7.00 Per Lot
Maximum leverage500:1
Mobile PlatformMT4 Mobile
Trading PlatformMT4
Spread TypeVariable Spread
Minimum Deposit2001000
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Maximum leverage 500:1
Typical Spread 0.6-1.8
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Pro
Commission AUD$7.00 Per Lot
Maximum leverage 500:1
Typical Spread 0.1- 1.0
Trading platform MT4
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

MYFX Markets Regulation / Money Protection

2.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
MYFX Markets LLC 500 : 1

MYFX Markets Overall rating

2.8
Ranked 176 out of 1761 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Real customer rating 3
Popularity
2.1
3
Regulation
2.0
2
Pricing rating
3.0
1
Features
Not rated
1
Customer Support
Not rated
1

MYFX Markets Promotions

No promotions available at the moment.

MYFX Markets Real customer rating

4.0

MYFX Markets reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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