Verification & Transparency
How to read a Myfxbook report
A Myfxbook report packs a lot of information into one page. Knowing which numbers matter — and which can be misleading — lets you judge a trading system honestly. Start with our overview of what Myfxbook is.
The headline metrics
- Gain. Percentage growth, adjusted for deposits and withdrawals — more meaningful than raw balance.
- Drawdown.The largest peak-to-trough fall. Treat this as the system's risk signature.
- Profit factor. Gross profit ÷ gross loss; above 1.0 is profitable, but context matters.
- Balance vs equity. A big gap suggests large floating (unrealised) losses being held open.
Check the verification badges
- Track record verified — the data is from a real, connected account.
- Trading privileges verified — read-only authorisation, so the numbers are not hand-entered.
- Note the account age and broker.
Red flags hiding in the numbers
- Equity far below balance (open losers being averaged down).
- A short history with extreme gains.
- Frequent deposits propping up the balance.
- A perfectly smooth curve — often a sign of grid/martingale tail risk.
Pair this reading with the broader verification checklist and remember that live data outweighs any backtest.
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Frequently Asked Questions
How do I read a Myfxbook report?
Focus on the key metrics: gain, absolute gain, maximum drawdown, the time period, and the trade history. Together these reveal how the account performed and how much risk was taken.
What is the difference between gain and absolute gain on Myfxbook?
Gain is a compounded percentage that can be affected by deposits and withdrawals, while absolute gain measures the account's growth as if no money were added or removed — often a clearer view of performance.
What does drawdown mean on a Myfxbook report?
Drawdown on Myfxbook shows the largest peak-to-trough decline in the account. It is one of the most important risk indicators — high drawdown signals high risk regardless of the headline gain.
What is the most important metric on Myfxbook?
There is no single metric, but drawdown combined with the length of the track record is crucial. A high gain with low drawdown over several years is far more meaningful than a short, high-gain period.
How can a Myfxbook report be misleading?
Reports can be misleading if they cover a very short period, are run on a demo account, or use high leverage to inflate returns. Always check whether the account is verified and how long it has run.
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Important Disclaimer
This site is an independent research and review platform for educational purposes only.
Nothing on this website is financial advice. Trading involves risk, and performance varies by market conditions, strategy, and user decisions.