What Is MyFXBook and What Does Verification Prove?
MyFXBook connects directly to a live trading account and publishes its results. Here is what verification proves, what it does not, and how to audit any track record.
MyFXBook is an independent analytics platform that connects to a trading account through broker credentials and publishes its results automatically. A verified track record indicates that the history displayed by MyFXBook matches the trading history received through the connected broker account at the time of verification.
This provides stronger evidence than a screenshot or manually prepared statement, but investors should still review the tracking period, account type, leverage, deposits, withdrawals, open positions and publicly available history.
What MyFXBook verification does — and does not — prove
| Status | What it supports | What it does not prove |
|---|---|---|
| Verified track record | The displayed history matches information received through the connected broker account | Future returns, safety or low risk |
| Verified trading privileges | The account publisher has the access required to perform MyFXBook's verification action | Profitability or real/demo status by itself |
| Real account label | MyFXBook currently displays the account as using real funds | That the strategy is safe or suitable for every investor |
| Public history | Visitors can inspect the history made publicly available on the account page | That future results will match historical performance |
What 'verified' actually means
- Verified track record — Indicates that the trading history displayed by MyFXBook matches the history received through the connected broker account at the time of verification. It provides stronger evidence of historical trading activity than a screenshot or manually prepared spreadsheet. It does not guarantee future performance, profitability or a specific level of risk.
- Verified trading privileges — Confirms that the account publisher has access to the master trading credentials or can perform MyFXBook's required verification action. This status does not, by itself, determine whether the account is real or demo.
- No verification badge — Manually prepared or uploaded statements; treat with additional caution.
The numbers worth checking
- Tracking duration — how long the account has been live
- Account type — whether MyFXBook currently displays it as real or demo
- Maximum drawdown, and at what leverage it was measured
- Profit factor — gross profit divided by gross loss
- Number of trades — a handful of trades tells you little
- Deposits and withdrawals — large injections can flatter percentage figures
- Open positions and how much of the history is publicly visible
Learn to read the tabs in How to read MyFXBook. Sonic AI's live account is linked from Proof and Performance.
Sources and methodology
MyFXBook's definitions of track record verification and trading privileges are based on its official account verification documentation. Sonic AI performance figures should be checked against the linked public MyFXBook account and dated according to the latest review.
Frequently asked questions
MyFXBook's verified track record indicates that the displayed trading history matches the history received through the connected broker account. This provides stronger evidence than a screenshot or manually prepared spreadsheet, but investors should still review the account type, tracking period, deposits, withdrawals, leverage, open positions and whether the relevant history is publicly visible.
No. Verified trading privileges confirm that the person who added the account has access to the master trading credentials or can perform the verification action required by MyFXBook. Whether an account is marked as real or demo should be checked separately in the account details shown by MyFXBook.
It shows the account's leverage setting and the resulting drawdown for that account. If you trade at a different leverage, your own drawdown will differ proportionally.
The Sonic AI Research Desk documents how the XAU/USD strategy behaves in live markets, using the linked public MyFXBook account as its source for Sonic AI historical performance figures. Market data, broker terms and illustrative calculations are sourced and labelled separately.
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