Overview Of MYMA FXFP
Founded In 2021 And Headquartered In The United Kingdom, MYMA FXFP Is An Unregulated Trading Platform Offering Forex, Precious Metals, Indices, Energy And Commodities Trading. Despite The Lack Of Regulatory Oversight, It Offers Leverage Of Up To 1:500 And Offers Multiple Account Types To Meet The Diverse Needs Of Traders. The Platform Supports Multiple Deposit And Withdrawal Methods, Runs On MetaTrader 5 And Offers 24/7 Customer Support. Educational Resources Include A Market Overview And An Economic Calendar. Bonus Offers Include A 35% Trading Bonus Program On First Deposits Up To 2500 Dollars.
Is MYMA FXFP Legal?
MYMA FXFP Is Not Regulated. It Is Important To Note That This Broker Does Not Have Any Effective Regulation, Which Means It Operates Without The Supervision Of A Recognized Financial Regulator.
Pros And Cons
Pros
Wide Range Of Tradable Assets
Leverage Up To 1:500
Deposit Bonus Scheme Available
Cons
Lack Of Regulatory Oversight
Lack Of Regulatory Compliance May Affect Trust
Trading Instruments
1. Forex/Currencies: Trade Over 40 Currency Pairs With Extremely Low Spreads And Immediate Execution To Benefit From The High Liquidity Of The Forex Market.
2. Precious Metals: Accessible To Trade In Gold And Silver, Not Only As Commodities But Also As A Popular Investment Tool For Online Traders.
3. Indices: Choose From Over 90 Cash And Forward Index Instruments Including The UK 100, US 30 And Germany 30 To Trade A Basket Of Top Stocks Representing Various Economies.
4. Energy: Invest In The World's Leading Oil Markets And Explore Trading Opportunities In The Gas Market To Diversify Your Portfolio.
5. Commodities: Speculate On Price Fluctuations In A Wide Range Of Commodities, Including Agricultural Products And Energy Resources, Through Contracts For Difference (CFDs), Providing Potential Profit Or Loss Based On The Price Of The Underlying Instrument.
Account Type
1. Original ECN: Features Ultra-low Spreads From 0.0 Pips With A $5 Commission Fee Per Lot Traded. Minimum Deposit Requirement Is $5000 With Leverage Up To 1:500. Forex, Precious Metals And Indices Trading Is Supported And No Swap Transaction Options Are Available. Scalp Trading, Hedging And Robot Trading Are Allowed.
2. Classic ECN: Offers Spreads From 0.2 Pips And A Commission Fee Of $7 Per Lot Traded. Minimum Deposit Requirement Is $5000 And Leverage Up To 1:500. Similar To The Original ECN, Supports Forex, Precious Metals And Indices Trading And Offers No Swap Transaction Options Allowing Scalping, Hedging And Robot Trading.
3. Trading Account: Offers Spreads From 1.5 Pips With Zero Commission Fees. Minimum Deposit Requirement Is $100 And Offers Leverage Up To 1:500. Supports Forex, Precious Metals And Indices Trading And Offers No Swap Transaction Options Allowing Scalping, Hedging And Robot Trading.
4. Premium Account: Has A Spread From 2.0 Pips And Zero Commission Fees. Minimum Deposit Requirement Is $50 And Offers Leverage Up To 1:500. Similar To Other Account Types, Supports Forex, Precious Metals And Indices Trading And Offers No Swap Transaction Options Allowing Scalping, Hedging And Robot Trading.
5. Standard Account: Offers A Starting Spread Of 2.5 Pips And A Commission Fee Of $5 Per Lot Traded. Minimum Deposit Requirement Is $50 And Leverage Up To 1:500. Supports Forex, Precious Metals And Indices Trading With Interest Free Trading Options And Allows Arbitrage, Hedging And Robot Trading.
How To Open An Account
To Open An Account With MYMA FXFP, Follow The Steps Below.
- Visit The MYMA FXFP Website. Look For The "Open Account" Button On The Homepage And Click.
- Register On The Registration Page Of The Website.
- Receive Your Personal Account Login Information From An Automated Email
- Login
- Continue To Deposit Funds Into Your Account
- Download The Platform And Start Trading
Leverage
MYMA FXFP Offers Up To 1:500 Leverage On All Account Types, Enabling Traders To Amplify Their Trading Positions With Relatively Little Capital.
Spreads And Commissions
MYMA FXFP Offers Competitive Spreads With Starting Spreads As Low As 0.0 Pips For Original ECN Accounts And Commissions Starting At $5 Per Lot Traded. Classic ECN Accounts Have Spreads Starting At 0.2 Pips And Commissions Starting At $7 Per Lot Traded, While Trader Accounts Have Spreads Starting At 1.5 Pips With No Commissions. Premium And Standard Accounts Have Spreads Starting At 2.0 And 2.5 Pips Respectively With No Commissions.
Deposit And Withdrawal Methods
MYMA FXFP Offers A Variety Of Deposit And Withdrawal Methods, Including Bank Telegraphic Transfer, Credit Cards (Visa, Mastercard, Maestro), And Digital Methods Such As Paytrust And Fastpay. Bank Transfers Support Multiple Currencies With No Processing Fees And Take 1-5 Business Days, While Credit Card Transactions Are Instant And No Processing Fees. Digital Methods Provide Instant Transactions With Support For Multiple Currencies With No Processing Fees. Local Withdrawals Can Be Made In Specific Countries With A Processing Time Of Up To 1 Hour And No Processing Fees.
Trading Platform
MYMA FXFP Offers A MetaTrader 5 (MT5) Trading Platform For Desktop, Android And IOS Devices. Users Can Download MT5 Directly From The MYMA FXFP Website For A Seamless Trading Experience On Different Devices And Operating Systems.
Customer Support
For Immediate Assistance, MYMA FXFP Offers 24/7 Customer Support On + 44 752 0644 115, Email: Support@mymafxfp.com, And Live Chat. Their Professional Team Is Always Ready To Answer Any Questions Or Provide Professional Assistance. In Addition, You Can Also Contact Them Through Their Physical Address At Sardarpura Osho Tower 201 342001, Jodhpur, Rajasthan, India.
Educational Resource
Market Overview: This Resource Helps Traders Understand Market Adaptability And Decision Making By Evaluating Information From Suppliers And Buyers, Helps Evaluate Market-specific Offers, And Supports An Informed Decision-making Process.
Economic Calendar: The Economic Calendar Helps Investors And Traders Plan Trades And Portfolio Reconfigurations By Providing Forecasts Of Future Financial Events And Reports Of Past Economic Events. It Enables Traders To Predict Market Movements And Find Chart Patterns And Indicators Influenced By Economic Events, Facilitating Strategic Trading Decisions.
Bonus
MYMA FXFP Offers A Deposit Bonus Program That Includes Both Types Of Trading Bonuses And Non-trading Bonuses. Clients Can Receive A 35% Trading Bonus On Their First Deposit, With A Maximum Bonus Amount Of $2,500. This Bonus Automatically Takes Effect When Clients Deposit Funds Into Their Trading Account, Effectively Increasing Their Trading Capital. For Example, Depositing 100 Dollars Will Receive A 35 Dollars Bonus, With A Total Trading Capital Balance Of $135, While Depositing $10,000 Will Receive A Maximum $2,500 Bonus, Resulting In A Trading Capital Balance Of $12,500.
