Trading & signals glossary

What is Myfxbook?

Myfxbook is a platform that connects to a trading account (MetaTrader or cTrader) and publishes its results automatically: returns, drawdown and every trade. A Myfxbook-linked account shows the results of a real, connected account, not screenshots someone can cherry-pick or edit.

How it works

The trader connects the account with read-only access (the investor password), and Myfxbook pulls in the trades.

The account can be marked as verified: the track record and, separately, the trading privileges, which confirm nobody else is trading it.

The public profile shows the equity curve, drawdown and stats the trader can’t edit.

  1. Account

    the trader’s MetaTrader or cTrader

  2. Connection

    read-only access

  3. Verification

    track record and privileges

  4. Public profile

    equity curve and trades

Example: checking out a channel

  1. A channel claims “+2,000 pips a month” and links to a Myfxbook.
  2. The profile shows whether the account is live or demo, and whether the track record is verified.
  3. Look at the max drawdown and how long the account has been connected.
  4. Then compare it with the signals the channel posts: do the dates and instruments match?

Our data · Verpips

What we see in signal channels

2 of 269
channels that link a verifiable account
1%
of the directory

2 of 269 channels that link a verifiable account

Only 2 of the 269 channels in our directory link to a verifiable account (Myfxbook or similar) in their posts or channel profile. The rest show their results with screenshots or “target hit” posts.

Verpips data as of Oct 7, 2026, measured against the real price. See how we measure and the channel directory.

Types and variations

Verified track record
Myfxbook confirms the history belongs to that account.
Verified trading privileges
It also confirms only the stated trader is trading it.
FX Blue and similar
Other platforms that publish results by connecting to the account.

Why it matters when choosing a signal channel

It’s the closest thing to an audit a channel can show on its own. But it doesn’t tell you whether the signals posted on Telegram are the same trades that account is taking.

Common traps

  • Linking a demo account.
  • Linking a different account from the one being advertised, or the one good account out of several.
  • Showing a Myfxbook without a verified track record.

Key takeaways

  • ✓Myfxbook publishes the results of a connected account.
  • ✓Check whether it’s live or demo, and whether it’s verified.
  • ✓Make sure it matches what the channel posts.
  • ✓Few channels link one.

FAQ: myfxbook

Is Myfxbook legit?

What it shows is what that connected account did. Check whether it’s verified, whether it’s a live account, and whether it matches what the channel advertises.

Is a channel with a Myfxbook better?

It’s more transparent, but that doesn’t mean it makes money: look at its results and its drawdown.

Channel by channel

See these numbers for each channel, not as an average.

With a free account you see each channel’s result in R, its drawdown, and what it announced versus what actually happened.

Sign up freeI have an account