MyFXBook
Definition
MyFXBook is a public trading-account verification service that auto-imports trade-by-trade history from supported brokers via investor-password read-only access. It is the editorial-preferred verification platform for EA buyers because of its trade-level auditability and multi-year track-record visualisation.
In-depth: MyFXBook
MyFXBook (myfxbook.com) launched in 2009 and has become the de facto standard for retail forex track-record verification. The service ingests trade data via MT4/MT5 investor-password access — a read-only credential that grants visibility into closed trades, balance, and equity without ability to open or modify positions. The investor password mechanism is the verification's foundation: the trader cannot retroactively edit the published trades because MyFXBook fetches them directly from the broker server.
The public profile displays trade-by-trade history, equity curve, drawdown timeline, win rate, profit factor, monthly returns, and per-pair attribution. Verification badges signal which checks have passed: "Verified" indicates the investor-password link is active, "Verified Trading Privileges" confirms the account is using the trading credentials it claims. Buyers checking an EA's MyFXBook account should confirm both badges are present and that the account is set to public (not private).
Limitations to internalise: MyFXBook verifies the account, not the EA running on it. A vendor can publish a MyFXBook URL that legitimately shows strong returns but the vendor is hand-trading the account, not running the EA being marketed. The buyer must cross-reference trade timestamps with the EA's claimed signal generation logic — if the EA claims M1 XAUUSD scalping but the MyFXBook account shows hourly EURUSD trades, the verification is for a different system than what the vendor is selling.
MyFXBook accounts can be hidden or removed by the vendor at any time. Buyers should screenshot the verification page at the time of purchase as evidence if the account later disappears. Vendors who hide verification mid-deployment often have something to hide. Re-verify the link at each new capital deployment decision (initial purchase, increased allocation, broker change, EA version upgrade).
For the EA-buyer evaluation framework, MyFXBook plays the same role as audited financial statements in equity investing: it is the diligence floor, not the conclusion. Future performance depends on regime continuity, broker condition similarity, and ongoing vendor maintenance — none of which the MyFXBook history alone guarantees.