What Is Myfxbook? Definition and How It Works

Myfxbook is an online analytics and community platform for forex traders, launched in 2009. A trader links a MetaTrader 4 or MetaTrader 5 account to it, and the platform publishes that account's statistics on a public page that can be shared or embedded elsewhere. It is one of the oldest third-party trading trackers, and its public pages are a common form in which trading results are circulated.

How it works

An account is connected either with the MT4 investor password or with an Expert Advisor installed in the terminal. From there the platform reads the account continuously and derives the usual statistics — gain, drawdown, profit factor, monthly returns, per-symbol breakdowns — onto a public "system" page.

Alongside the tracking, the site hosts community features and market tools: forums, an economic calendar, position-size and pip calculators, aggregated market sentiment, and broker comparison pages. Public pages can be embedded on other sites through widgets and forum signature images, so a page is often encountered indirectly — as a link or a banner attached to a claim made somewhere else.

Verification is tiered: a connected account can be shown as tracked, and separately as having had its trading privileges or its broker data confirmed. Which tier a given page carries is stated on the page itself.

Why it matters

Signal sellers, EA vendors and managed-account offers frequently support a claim with a link to a tracker page, and Myfxbook is one of the platforms those links point to, so knowing how to read one is a practical skill. The habit is the same on any tracker: check the verification state before reading a single number, then read drawdown before gain, then check how long the history actually is.

What the data shows

We cannot see inside another platform's database, so the only distribution we can quote is our own. Across the public accounts on ShowMyTrades with trading history (August 2026): median time-weighted return +3.2%, median deepest drawdown 9.7%, median profit factor 1.28, median 171 closed trades per account, median win rate 68.8%. Those public pages have been visited 94,710 times.

Two of those figures are worth holding together, because they are the ones a tracker page tends to be quoted for. A 68.8% median win rate sits alongside a median profit factor of 1.28: most trades close green, and the aggregate edge is still thin. Any tracker page, on any platform, can be read selectively by quoting the first number without the second.

Where you see it on ShowMyTrades

ShowMyTrades is a tracker of the same kind, so most of what this entry describes has a direct counterpart here, under our own names. Where the two differ, and where Myfxbook is the better tool, is laid out row by row in ShowMyTrades vs Myfxbook.

The connection step. The picker offers MetaTrader 4 with EA and MetaTrader 5 with EA, the two Direct Connection options that use the investor password alone, cTrader through OAuth2 authorisation, and TradeLocker through its REST API. Between them those four routes carry the 10,000+ accounts connected here, across 703 distinct broker servers.

The verification state. Two named badges in the Certifications group of the account header, rather than a single word: Track Record, granted when the read-only feed is in place, and Trading Privileges, granted when ownership has been proved. Of 10,000+ published accounts, 65 carry the first and 264 the second. Which badge a page carries is the thing to read; see verified track record.

The embeds. Seven widget formats, from Stats Card and Equity Curve to the full Complete Dashboard, which carries the verification badges into the embed itself. Accounts running on a VPS can additionally publish the terminal's live state.

Common misunderstandings

• "Verified" does not mean one thing across platforms. Each tracker defines its own tiers. Read which specific badge a page carries rather than trusting the domain it sits on.
• A signature image is not a live record. A banner pasted into a forum post is an image; the link under it is the record. Click it.
• Being listed anywhere is not an endorsement. Trackers publish what traders connect. Nobody vetted the strategy.
• The same account can show different numbers on two platforms. Time-weighted return, absolute gain and deposit handling are computed differently by different vendors, and a drawdown figure may be measured on equity or on closed balance only. Compare like with like before concluding one of them is wrong.

If you are about to trust a track record on any platform, run it through the checklist first: how to verify trading performance claims.

Related terms