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How do I set up a MyFXbook AutoTrade account?

Please find the below Q&A regarding MyFXBook AutoTrade Account.
How do I set up a MyFXbook AutoTrade account?
First, you need to establish an account with Axi. Once your account is live and funded with a minimum $1000 USD you will need to connect your account with AutoTrade by following this link. ( https://www.myfxbook.com/autotrade/open-live-account/axitrader ) You will need both your master and investor password handy (they can be found in your “Live Account is Ready” email from Axi).

 

Is there a minimum amount I need in my account to use AutoTrade?
There is a minimum deposit amount of $1000 USD.

 

Can I connect my existing account Axi account?
No, you need to open a sub-account of your existing account to connect to AutoTrade. You can set up a sub-account via the client request panel. The account needs to be under the correct server. You can then deposit funds to the new account or transfer funds from an existing account. If you prefer, you can contact us for assistance.

 

Can I set up a Myfxbook for free?
Yes, although once you start to trade using the live AutoTrade service, a part of the spread you pay on your trades will be paid to the AutoTrade provider (up to half a pip per profitable trade).

 

Can I use a pro account to connect to Myfxbook AutoTrade?
No. You can only connect to Myfxbook with a standard account.

 

Can I use a demo account?
Yes, you can use a demo account. You can set up a Myfxbook demo account by clicking on the “Open Demo Account” button at the top of the AutoTrade page on the Myfxbook website.

 

Can I still trade in my account if it is following a provider in AutoTrade?
Yes, you may still place trades in your account.

 

How long will it take to approve my account for trading once it is added to Myfxbook?
Once your Axi account is set up you can apply for a Myfxbook AutoTrade account. Once you apply for an AutoTrade account it can take up to 48 hours for Myfxbook to approve your account.

 

Need more info?
Please visit the Myfxbook AutoTrade help section here. http://www.myfxbook.com/autotrade/faq

Additional Information