Home Forex Brokers MYMA FXFP

MYMA FXFP

6.2 / 10 Overall Score

Website: https://www.mymafx.com/
Jurisdiction: United Kingdom
Operating Since: 2-5 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: MYMA FXFP LTD
Phone: 9.72E+11
Email: support@mymafxfp.com
Address: —

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# MYMA FXFP Company Overview

## Company Overview

MYMA FXFP company is a foreign exchange broker that specializes in providing forex trading services. The company was established in November 2021 and positions itself as a provider of trading services catering to both retail and institutional traders. Despite its claims of having over five years of experience, the actual founding date raises questions about its credibility and operational history.

MYMA FXFP operates under the ownership of MYMA FXFP Ltd., but there is limited transparency regarding its ownership structure, and it does not appear to be affiliated with any well-known financial institutions. The company claims to be headquartered at 71-75 Shelton Street, London, England, WC2H 9JQ. However, this address has raised concerns among industry analysts due to a lack of verification from recognized regulatory bodies.

The global business scope of MYMA FXFP primarily focuses on forex trading, metals, indices, energies, and commodities. Although the company markets itself as a global broker, its effectiveness in various regions remains uncertain due to its unregulated status.

## Corporate Development

Since its inception in late 2021, MYMA FXFP has made attempts to establish itself in the competitive forex market. However, its lack of regulatory oversight and transparency has hindered its reputation. The company claims to fill the gap between retail and institutional traders, but concrete milestones are not well-documented, and its expansion journey has been limited.

To date, MYMA FXFP has not received any notable awards or recognitions that would validate its claims of reliability and trustworthiness in the trading industry.

## Regulation and Compliance

MYMA FXFP operates without any valid regulatory oversight, which is a significant concern for potential investors. The broker claims to be registered with multiple regulatory bodies globally but fails to provide specific details about these affiliations. A search of the UK's Financial Conduct Authority (FCA) register yielded no results for MYMA FXFP, indicating that it is not authorized to provide investment services in the UK.

The absence of a regulatory license means that MYMA FXFP does not adhere to the legal standards and requirements set forth by recognized financial authorities. Consequently, clients' funds are not guaranteed, and there are no segregated accounts to protect investors in case of insolvency. MYMA FXFP does not participate in any investor compensation schemes, leaving clients without recourse in the event of financial loss.

Moreover, the broker lacks robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring the integrity and security of financial transactions. Without these safeguards, clients are exposed to higher risks of fraud and potential loss of funds.

## Global Presence and Market Coverage

MYMA FXFP primarily serves clients in various global markets, with a focus on retail traders. However, the specific operational regions and the distribution of its regional offices remain unclear, raising questions about its accessibility and support for clients in different locations. The lack of regulatory oversight may pose challenges for individuals in jurisdictions with strict financial regulations.

## Reputation and Industry Standing

The perception of MYMA FXFP within the forex and financial community is predominantly negative due to its unregulated status and lack of transparency. Publicly available reviews and ratings indicate skepticism from potential clients regarding the broker's credibility and operational integrity. The company has faced criticism for its claims of being regulated and for the ambiguity surrounding its operational history.

## Summary

In summary, MYMA FXFP company presents itself as a forex broker with various trading options and attractive features. However, its unregulated status and lack of transparency raise significant concerns. Potential clients should exercise caution and thoroughly research before engaging with the platform, as the absence of regulatory oversight poses considerable risks to client funds and overall trustworthiness.

Account Types

# MYMA FXFP Account Types

MYMA FXFP offers a variety of trading accounts tailored to meet the diverse needs of traders. Below are the details of the available account types:

| Account Type       | Minimum Deposit | Spreads/Commission         | Leverage     | Trading Instruments      | Base Currencies Supported | Execution Model | Unique Features                  |
|--------------------|-----------------|-----------------------------|--------------|--------------------------|---------------------------|------------------|----------------------------------|
| **Standard Account**| $50             | From 2.5 pips, $5 per lot  | Up to 1:500  | Forex, Metals, Indices   | USD, EUR, GBP             | Market Maker     | Swap-free options available      |
| **Premium Account** | $50             | From 2.0 pips, Zero        | Up to 1:500  | Forex, Metals, Indices   | USD, EUR, GBP             | Market Maker     | Swap-free options available      |
| **Trader Account**  | $100            | From 1.5 pips, Zero        | Up to 1:500  | Forex, Metals, Indices   | USD, EUR, GBP             | Market Maker     | Swap-free options available      |
| **ECN Classic Account** | $5,000      | From 0.2 pips, $7 per lot  | Up to 1:500  | Forex, Metals, Indices   | USD, EUR, GBP             | ECN              | Swap-free options available      |
| **Raw ECN Account** | $5,000          | From 0.0 pips, $5 per lot  | Up to 1:500  | Forex, Metals, Indices   | USD, EUR, GBP             | ECN              | Swap-free options available      |

# MYMA FXFP Broker Account Opening Process

To open an account with MYMA FXFP, follow these steps:

1. **Visit the Registration Page**: Go to the official MYMA FXFP website and locate the “Open Account” button on the homepage.
2. **Complete the Registration Form**: Fill out the application form with your personal information.
3. **Verify Your Email**: After registration, you will receive an email with a verification link. Click on it to verify your email address.
4. **KYC Verification**: Upload identity documents and proof of residence for Know Your Customer (KYC) verification.
5. **Log in**: Use your credentials to log into your account once verification is complete.
6. **Deposit Funds**: Proceed to deposit funds into your trading account using the available methods.
7. **Download Trading Platform**: Download the MetaTrader 5 platform to start trading.

Optional steps for demo or professional accounts may vary and are not specified.

Deposit & Withdrawal

# MYMA FXFP Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## MYMA FXFP Minimum Deposit Requirements

### MYMA FXFP Minimum Deposit Explained

The minimum deposit requirement for MYMA FXFP varies depending on the type of trading account selected:

- **Standard Account:** $50
- **Premium Account:** $50
- **Trader Account:** $100
- **ECN Classic Account:** $5,000
- **Raw ECN Account:** $5,000

### Account-Type Comparison

| Account Type       | Minimum Deposit | Spread         | Commission      | Leverage     |
|--------------------|------------------|----------------|------------------|--------------|
| Standard           | $50              | From 2.5 pips  | $5 per lot       | 1:500        |
| Premium            | $50              | From 2.0 pips  | Zero             | 1:500        |
| Trader             | $100             | From 1.5 pips  | Zero             | 1:500        |
| ECN Classic        | $5,000           | From 0.2 pips  | $7 per lot       | 1:500        |
| Raw ECN            | $5,000           | From 0.0 pips  | $5 per lot       | 1:500        |

### Regional Differences

MYMA FXFP's minimum deposit requirements are consistent across regions, with the same amounts applicable to all users.

### Advantages

1. **Low Entry Barrier:** The minimum deposit for standard and premium accounts is as low as $50, making it accessible for new traders.
2. **Variety of Account Types:** Multiple accounts cater to different trading needs and strategies.
3. **High Leverage:** Up to 1:500 leverage allows traders to maximize their market exposure.
4. **No Commission on Certain Accounts:** Trader and premium accounts offer zero commission, reducing trading costs.

### Disadvantages

1. **High Minimum for ECN Accounts:** The minimum deposit for ECN accounts is relatively high at $5,000, which may deter some traders.
2. **Variable Spreads:** Spreads can be higher for standard and premium accounts, affecting profitability.
3. **Limited Regulation:** MYMA FXFP is not regulated, which may raise concerns for some traders regarding fund safety.
4. **Withdrawal Restrictions:** Withdrawal methods may be limited to the original deposit method, complicating the process for some users.

### Competitor Comparison

Compared to other brokers, MYMA FXFP's minimum deposit for standard accounts is competitive. However, many regulated brokers offer lower minimum deposits and additional security features.

## MYMA FXFP Deposit Methods

### MYMA FXFP Deposit Methods Comprehensive Guide

MYMA FXFP supports a variety of deposit methods to facilitate easy funding of trading accounts:

- **Bank Transfer**
  - **Processing Time:** 1-5 business days.
  - **Fees:** Typically free, but check with your bank for any intermediary fees.
  - **Availability:** Widely available.
  - **Limits:** Minimum deposit of $50.
  - **Pros:** Secure and reliable.
  - **Cons:** Slower processing time.

- **Credit/Debit Card**
  - **Processing Time:** Instant to 1 business day.
  - **Fees:** No fees from MYMA FXFP; card provider fees may apply.
  - **Availability:** Commonly accepted.
  - **Limits:** Minimum deposit of $50.
  - **Pros:** Fast processing.
  - **Cons:** May incur fees from card providers.

- **E-Wallets (e.g., Skrill, Neteller)**
  - **Processing Time:** Instant.
  - **Fees:** Generally free from MYMA FXFP.
  - **Availability:** Popular among traders.
  - **Limits:** Minimum deposit of $50.
  - **Pros:** Quick and easy transactions.
  - **Cons:** May require account verification.

- **Cryptocurrencies**
  - **Processing Time:** Varies by network; typically instant.
  - **Fees:** Blockchain fees may apply.
  - **Availability:** Limited compared to traditional methods.
  - **Limits:** Minimum deposit of $50.
  - **Pros:** Anonymity and lower transaction fees.
  - **Cons:** Price volatility and regulatory concerns.

### Supported Currencies and Recommended Methods

MYMA FXFP primarily supports USD, EUR, and GBP. For the fastest and most cost-effective deposits, credit/debit cards and e-wallets are recommended due to their instant processing times.

## MYMA FXFP Deposit Process

### MYMA FXFP Deposit Steps Explained

1. **Log in to your MYMA FXFP account.**
2. **Navigate to the "Deposit" section.**
3. **Select your preferred deposit method.**
4. **Enter the deposit amount and any required payment details.**
5. **Confirm the transaction.**

### Mobile vs Web Differences

The deposit process is generally similar across mobile and web platforms. However, the mobile interface may have simplified navigation for quicker access to deposit options.

### KYC Notes and Common Issues with Solutions

To comply with KYC regulations, users may need to verify their identity by submitting documentation. Common issues include:

- **Delayed Verification:** Ensure documents are clear and legible.
- **Payment Rejections:** Double-check payment details and ensure sufficient funds.

### Typical Fund Crediting Times

Deposits via credit card and e-wallets are credited instantly, while bank transfers may take up to 5 business days, depending on the bank.

## MYMA FXFP Withdrawal Methods

### MYMA FXFP Withdrawal Methods Overview

MYMA FXFP offers several withdrawal channels:

- **Bank Transfer**
  - **Processing Time:** 1-5 business days.
  - **Fees:** Generally free, but intermediary fees may apply.
  - **Currencies:** USD, EUR, GBP.
  - **Limits:** Minimum withdrawal of $50.
  - **Pros:** Secure and reliable.
  - **Cons:** Slower than other methods.

- **Credit/Debit Card**
  - **Processing Time:** 1-3 business days.
  - **Fees:** No fees from MYMA FXFP; card provider fees may apply.
  - **Currencies:** USD, EUR, GBP.
  - **Limits:** Minimum withdrawal of $50.
  - **Pros:** Faster processing.
  - **Cons:** Limited to the amount deposited via card.

- **E-Wallets (e.g., Skrill, Neteller)**
  - **Processing Time:** Instant to 1 business day.
  - **Fees:** Generally free from MYMA FXFP.
  - **Currencies:** USD, EUR, GBP.
  - **Limits:** Minimum withdrawal of $50.
  - **Pros:** Quick and easy.
  - **Cons:** May require prior deposit through the same method.

- **Cryptocurrencies**
  - **Processing Time:** Varies by network; typically instant.
  - **Fees:** Blockchain fees may apply.
  - **Currencies:** Various cryptocurrencies.
  - **Limits:** Minimum withdrawal of $50.
  - **Pros:** Anonymity and lower fees.
  - **Cons:** Regulatory concerns.

### Recommended Options by Cost and Speed

For the quickest and most cost-effective withdrawals, e-wallets are recommended due to their instant processing times and lack of fees.

## MYMA FXFP Withdrawal Process

### MYMA FXFP Withdrawal Steps Explained

1. **Log in to your MYMA FXFP account.**
2. **Go to the "Withdrawal" section.**
3. **Select your preferred withdrawal method.**
4. **Enter the withdrawal amount and confirm.**
5. **Track the status of your withdrawal in your account dashboard.**

### ID Verification Requirements

To process withdrawals, users may be required to verify their identity if not previously completed. This typically involves submitting identification and proof of address.

### Expected Fund Arrival Time

Withdrawal times vary by method, with e-wallets being the fastest (instant to 1 day) and bank transfers taking up to 5 business days.

### Typical Delay Reasons and Fixes

- **Incomplete Verification:** Ensure all required documents are submitted.
- **Bank Processing Times:** Allow for additional time when using bank transfers.

## FAQs – MYMA FXFP Deposits & Withdrawals

### What is the minimum deposit for MYMA FXFP?

The minimum deposit for MYMA FXFP varies by account type, starting from $50 for standard and premium accounts.

### How long do withdrawals take?

Withdrawal times vary by method, with e-wallets being instant and bank transfers taking up to 5 business days.

### Are there fees for deposits or withdrawals?

MYMA FXFP does not charge fees for deposits or withdrawals, but third-party fees may apply depending on the payment method used.

### Can the same method be used for both?

Yes, withdrawals must be made using the same method as the deposit. Profits can be withdrawn using any previously used method.

### Are crypto or local methods supported?

Yes, MYMA FXFP supports cryptocurrency deposits and withdrawals, along with various traditional payment methods.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

MYMA FXFP

MYMA FXFP

Score Breakdown

Company & Contact

In-Depth Broker Review

Subscribe to our Newsletter