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CFDs (Contracts for Difference) are financial derivatives that allow traders to speculate on the price movements of various assets, such as stocks, commodities, and indices.

Forex trading, or foreign exchange trading, is the process of buying and selling currencies on the foreign exchange market.

MYFX Markets offers more than 55 pairs.

MyFXMarkets provides you with the opportunity to trade the five leading cryptocurrency pairs, which include Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum.

Cryptocurrencies pose a higher inherent risk compared to traditional Forex. This heightened risk stems from their status as a relatively new asset class, which tends to exhibit more pronounced reactions to price fluctuations. Consequently, when trading cryptocurrencies, your potential returns and losses are amplified, even with leverage held constant.

Cryptocurrencies are traded on various global exchanges, many of which are unregulated and often based in offshore jurisdictions. In contrast, CFD assets are traded on the MYFX Markets platform, where liquidity providers furnish CFDs to traders.

Cryptocurrency, a form of decentralized digital currency secured through encryption, functions on a global network of interconnected computers, allowing for seamless transfers to any recipient. Presently, numerous cryptocurrencies exist in the market, with Bitcoin being the pioneer and most renowned since its inception in 2008. These alternative digital currencies are commonly referred to as "altcoins."

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Copyright © 2024 MYFX Markets
MYFX Markets Pty Ltd registered address is U801 and U802, 6 Glen street, Milsons Point, NSW 2061, Australia, ABN 64 602 904 987 provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. FX products are leveraged products and trading FX therefore involves a high level of risk that may not be suitable for everyone. MYFX Markets recommends that you ensure that you fully understand the risks involved before making any decision concerning MYFX Markets’ products. Independent advice should be sought if necessary.

Warning: FX market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.

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MYFX Markets is not under the supervision of the JFSA, it is not involved with any acts considered to be offering financial products and solicitation for financial services, and this website is not aimed at residents in Japan.
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