✔️ Information reviewed and updated in March 2024 by Pedro Martínez González

Comments about FairMarkets

Analysis on My Forex Trade

➡️ In this section we will analyze MyForexTrade (also called with the name: myforex-trade.com), is a Forex, Cryptocurrency and CFD broker. Is My Forex Trade really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.✅

Now, you can find the following: opinions about My Forex Trade ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is My Forex Trade a safe site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.

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️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?

  • My Forex Trade does not mention which company it belongs to.
  • Regarding your location, according to the website the company is based in the United States, although there is no valid information to corroborate this, we believe that it is false information.
  • If we analyze your security, we note that My Forex Trade does not have any kind of regulation.

ATTENTION: My Forex Trade is a broker NOT REGULATED.

📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌

 

Account types | Investment platform

 

Now we go on to analyze the account types offered by My Forex Trade, in this case, we did not find information that indicates the existence of different types of account.

La platform to operate What My Forex Trade offers is: MetaTrader 5.

 

Resources | Website

 

Here we will examine the different resources and aids for the trader that My Forex Trade provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.

My Forex Trade Website
My Forex Trade Website

My Forex Trade provides the following aids or resources to traders or interested parties: a brief explanation about the services it offers, live charts, FAQ section, not much more.

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Another insights about MyForexTrade

 

🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻

  • 🌏 Website: myforex-trade.com
  • 📞 Telephone number: (888)234-5686
  • 📧 Email: support@MyForexTrade.com

Maybe you wonder why we review My Forex Trade. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.

You're a representative of this company? We recommend you leave a comment responding to customer concerns.

Valuation on MyForexTrade

Ending with this section, in our opinion: Do we believe that the company My Forex Trade is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ Analysis of 2022 ⭐

❌ After having examined it, we advise you to exercise caution, since it is an illegal company, clearly established to take money from people through deception and cheating. It is not very transparent, since it does not offer legal information, it does not show data about its registration and it also lacks regulation (unregulated company). ❌


A pocas palabras: It doesn't seem like a good idea, we suggest using caution.

ATTENTION!: in March 2022 FCA added to MyForexTrade to your list fraudulent financial companies, for acting without authorization. WE SUGGEST EXTREME CAUTION

➡️ Link to the ⚠️ FCA March 2022 warning


Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?

📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, too leave a comment on our website with your experience with this broker.

 

🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻

 

[democracy id = ”3892 ″]

 

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «My Forex Trade: Rating and Reviews»

  1. Celia Saldana Reply

    FCA warned about them, this company is fraudulent

    • Recommended-brokers.com Reply

      Hello Celia Saldaña, thanks for commenting on My Forex Trade. This broker is a SCAM. The FCA (UK Financial Regulator) has already warned about them, for fraud and not being regulated (See FCA link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

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