We’re super excited to announce our brand new rebate service called PAYBACKFX. Some of you might know what a forex rebate service is but those who don’t – a forex rebate service allows you to get paid back for your own trades (with the same spreads and commissions!).

There are many forex rebate services out there, however, as with any of our existing services, we strive to provide a superior service which is a level above all. So what makes PAYBACKFX so great? Well, here are a few points:

• The reporting is completely real-time! That’s right, no need to wait 30-45 days just to see your profit.
• Completely transparent service, giving you complete reports on each and every rebate you are paid.
• We cover all withdrawal fees when withdrawing to your PayPal account – what you see in your account is what you get.
• The user interface is as simple as it gets – connect your account by simply completing a form.
• Highest rebate rates.
• Great support.
• Responsive platform which can be accessed from any of your devices.

As part of the launch of our new service, we’re giving away $1,000,000 bonus; $10 bonus for each account you connect – you can connect an unlimited number of accounts.

Please note the Promotion is limited to the first 100k accounts.

Currently the service supports 6 brokers and more brokers will be added very soon.

We would be happy to hear any feedback you may have, so do not hesitate to contact us.

Happy Monday,

The Myfxbook Team.

We’re happy to announce the first live contest (real funds) for 2016, sponsored by MaxFX:

Registration will be open until 15th of March and the contest will start on 1st of March and will run through 1st of April.

A minimal deposit of $500 is required to enter the contest. Total prizes of $10,000 will be given out as follows:

• 1st Prize equals to $6,000 funded in the Client’s MaxFX live account
• 2nd Prize equals to $3,000 funded in the Client’s MaxFX live account
• 3rd Prize equals to $1,000 funded in the Client’s MaxFX live account

Important to note that funds deposited by MaxFX as a Prize can be withdrawn any time after the completion of the Contest.

Good luck to all traders!

Registration: https://www.myfxbook.com/contests/live-forex-contest-maxfx/34/rules

 

Best Regards.

The Myfxbook Team.

We had much developments this year; This is what we have been up to:

• Working hard on our Android and iOS apps.
• Adding functionalities as requested by users.
• Adding more widgets.
• Supporting further brokers.
• Improving our current services and adding new ones.

We’ve wanted to take this opportunity to highlight 2 items:

Our android application has reached an important milestone – it has passed 100,000 downloads in just over 1 year! Not only that, but it is ranked number 4 when searching in Google Play for the term ‘Forex’. If you haven’t tried it out yet, click below to and download it to see why traders absolutely love it:

A new upcoming rebate service to be introduced in 2016 – just like with any of our services, we’re creating a new, state of the art service, unlike anything available now. As a promotion of the new rebate service, we’ll be giving out $1,000,000 (that is correct, one million USD) in bonuses!

The new rebate service will be available here: https://www.paybackfx.com

Stay tuned for more details!

 

We wish you a lovely holiday season and a Happy New Year!

The Myfxbook Team.

Our first ever live forex contest has ended and winners are:

1		Contest – fnb2832	218.78%	$10,000
2		Contest – WasimKhattak	87.29%	$5,000
3		Contest – MPRC	80.63%	$2,000

As this was a contest with live funds deposits by the competitors, it was very interesting to see the difference in trading behavior vs demo accounts. As expected, returns weren’t as high as with demo accounts but nevertheless, were impressive.

Looking at the contest’s analysis which can be seen here https://www.myfxbook.com/contests/live-forex-contest-fidelis-capital/32/analysis we can see that 7.1% of accounts were profitable, 32.9% of account were losing and 60% of accounts didn’t trade. Winners had a 66% winning rate vs 56% of losing traders, while avg pip win of winners was 350 pips vs 80 pips of losing trades (almost x5 times larger).

Hope you had a good time competing against the rest!

Have a great week ahead,

The Myfxbook Team.

The recent contest by FX Primus has ended and the top 15 traders (or winners) to collect the $3,500 in prizes are:

1st place – Contest – foralios
2nd place – Contest – emanov
3rd place – Contest – Mingzi11
4th place – Contest – hongyun
5th place – Contest – wizii
6th place – Contest – lndunilk98745
7th place – Contest – salubaba
8th place – Contest – Labonin
9th place – Contest – anggwa
10th place – Contest – kapilah1
11th place – Contest – pathirana
12th place – Contest – charakanm254
13th place – Contest – maybaba65
14th place – Contest – BlackHeart
15th place – Contest – snipertrader

Contest analysis has been performed and can be seen below (click the image for full size):

Only 4.7% of forex traders ended up in profit, while majority (61.3%) lost and 34% haven’t traded.

The top traders were spread out quite evenly; the winners had almost and identical trade profitability vs losing accounts while avg trade was x3 larger vs losing accounts.

 

Wishing you a prfitable week ahead!

The Myfxbook team.

 

We’re excited to announce another trading contest, sponsored by Tradeo. Total prizes are $5,000 and you will be competing with a demo account with a balance of $50k and a leverage of 200:1.

Top traders will receive the following prizes:

1st place: $2250

2nd place: $1000

3rd place: $550

4th-5th places: $250

6th-10th places: $140

For the full Terms and Conditions and to sign up, please go here:

https://www.myfxbook.com/contests/forex-contest-tradeo/33/rules

We’re super excited to announce the first ever, live forex trading contest. The contest is sponsored by Fidelis Capital Markets who will give away $17,000 in total prizes to the top traders!

To compete, you must open a live account with a minimal balance of $500. Contestants will compete with a leverage of 200:1. The prizes will be as follows:

1st place – $10,000

2nd place – $5,000

3rd place – $2,000

To sign up, please go here: https://www.myfxbook.com/contests/live-forex-contest-fidelis-capital-markets/32/rules

Have a great week,

The Myfxbook Team.

We’re happy to announce yet another trading contest which will begin on September 20th.

The contest is sponsored by FXPRIMUS, who will give away $3,500 in total prizes to the top 10 traders:

1st place is awarded with 1200 USD

2nd place is awarded with 600 USD

3rd place is awarded with 300 USD

4th and 5th place is awarded with 200 USD

6th–10th place is awarded with 100 USD

 

Traders will compete with a $100k demo account and a 500:1 leverage. Registration opens today so hurry up and reserve your spot here:

https://www.myfxbook.com/contests/forex-contest-fx-primus/31/rules

 

Wishing your profitable trading,

The Myfxbook Team.

We’re happy to announce a new demo trading contest with total prizes of $10,000, sponsored by GDMFX:

The top 3 traders will recieve the following prizes:

• 1st place is awarded with 5000 USD
• 2nd place is awarded with 3000 USD
• 3rd place is awarded with 2000 USD

You will be competing with a $10,000 demo account and 1:200 leverage.

Registration is now open, so hurry up and sign up here: https://www.myfxbook.com/contests/forex-contest-gdmfx/30/rules

Best Regards,

The Myfxbook Team,

The recent contest held by Fidelis Capital Markets has ended and 3 traders have outperformed the others;

1st place – Contest – man666 winning a $3,000 funded Fidelis Capital Markets live account.

2nd place – Contest – gabriele2274 winning a $1,500 funded Fidelis Capital Markets live account.

3rd place – Contest – Kethner winning a $500 funded Fidelis Capital Markets live account.

Analyzing performance data we can see the following:

– 43% of the accounts were margin called

– Less than 8% of accounts remained profitable

– Both winning and losing accounts profitability was almost identical: 67%/66% wins and 33%/34% losses.

For the full analysis, click the above image or go here: https://www.myfxbook.com/contests/forex-contest-fidelis-capital-markets/28/analysis

Have a great weekend,

The Myfxbook Team.