Can Myfxbook results be faked, and how do I verify an EA's track record?
Updated August 27, 2026
Short answer
Yes, and the outright fakes are the easy ones to catch. The harder problem is a record that's completely real and still tells you almost nothing, because it's a demo account, or a cent account, or a date range chosen after the fact, or a page with the trade history switched off. Myfxbook's two verification badges cover narrower ground than people assume: one says the numbers match what the broker reports, the other says whoever posted it holds the master password. Neither says the account is real money, and neither says you're seeing all of it.
The fakes are the boring case
Yes, a Myfxbook page can be fabricated. The known route is running your own MetaTrader server, which is software you can buy, dressing it up as a broker, and connecting a tracker to it. Every trade on it is whatever you decide.
But that’s rare next to the thing that happens constantly, which is a completely genuine record answering a different question from the one you’re asking. Nobody edited anything, the numbers came from a real broker, and the page still isn’t evidence that the EA does what the seller says. That’s the case worth learning to read.
What the two badges actually say
Myfxbook has two verifications and they’re not degrees of the same thing. From their own documentation:
Track record verified “indicates to users that the account’s trading history shown on Myfxbook matches the account’s trading history provided by the broker on the trading platform.”
Trading privileges verified “confirms that the individual who added the trading account possesses the master password, signifying ownership or the ability to execute trades on the account.”
Read those twice. The first is about the data matching and says nothing about who owns the account. The second is about who holds the password and says nothing about whether the numbers are right.
Neither says the account holds real money, either. A demo account can carry both badges quite legitimately, because the trades really did happen on that server and the poster really does hold the password. Verification is about provenance, not consequence.
Seven ways a real record misleads
Demo dressed as live. Account type is a field on the page, so start there. If it’s absent or ambiguous, the tell is withdrawals. Nobody withdraws from a demo account. A two year history with money going out at some point is doing something a demo can’t imitate.
Cent accounts. Balance denominated in cents, so a “$50,000 account” is $500 of real exposure. Percentages come out identical, which is the point. The strategy might be fine, but you’re looking at a size the broker’s execution treats very differently from the size you’d trade.
The date range. Most tracker pages let you set a custom analysis period, and the range often lives in the URL. So the link you were sent can start the day after the bad quarter. Always reset it to the full history yourself. If the page opens on something like “last 3 months” and the account is two years old, ask why that’s the view you were given.
Hidden history. Privacy settings can switch off the trade list, the open positions, or both, leaving a public page that shows a lovely equity curve and no trades. There’s no innocent reason to publish performance while hiding the positions producing it. Hidden open trades in particular are how a large floating loss stays invisible.
Restarted history. An account that disappears and reappears has no continuity you can check. Look at when the record actually starts, not the age of the profile, and be suspicious of one that begins conveniently after a rough patch elsewhere.
Deposits and drawdown. Myfxbook’s Gain uses a time weighted calculation, relating each trade’s profit to the balance when the trade opened, specifically so mid-trade deposits can’t flatter it. Good. But percentage drawdown is measured against equity, and equity rises when you deposit. Money added while a position is underwater makes that floating loss a smaller share of the account, and the published drawdown softens. Read the deposit column against the drawdown chart and see whether the two line up suspiciously well.
One account out of many. A record shows you one account and cannot show you the four that were closed. Where a vendor runs several EAs, ask which of their published accounts stopped and when, and note whether the answer is specific.
Glance at the broker name field too. A recognised broker is something anyone can follow up. A generic entry like “Other (MT4)” means the server isn’t one of the listed ones, and that’s the door the outright fakes come through.
The number nobody looks at
Balance and equity, side by side.
Balance is closed trades. Equity is balance plus whatever the open positions are worth right now. A big gap between them is unrealised loss sitting on the account today, and it’s the most informative thing on the page, because it’s exactly the part a smooth closed-trade record keeps out of view.
Drawdown works the same way. Myfxbook computes it three ways (end of day, intraday and growth based) and shows the highest, which is more honest than most, but a grid system’s closed-trade view will still look mild against what it was carrying. Read the chart, not the headline percentage.
The order I’d go in
- Reset the date range to the full history before you read a single number.
- Account type. Real or demo, and cents or not.
- Both badges, understood as the narrow claims they are.
- Broker name, and whether it’s a firm you can look up.
- Start date and total trade count. Under a year, or under a couple of hundred trades, and you’re reading noise.
- Trade history and open positions visible, or hidden.
- Balance against equity, today.
- Deposits and withdrawals column, read alongside the drawdown chart.
- The trade list itself, looking for stacked same-direction entries, stepping lot sizes and baskets closing on the same second.
- Gain next to maximum drawdown. Never one without the other.
There’s a stripped down version of this ordered for speed on the ten minute audit page.
What an investor password gets you that the page can’t
Every MT4 and MT5 account has a read-only investor password. With it you log the account into your own terminal and you can see everything and change nothing.
Different level of evidence, for three reasons. You see the open positions and the floating loss live, not filtered by privacy settings. You see the server name in the terminal, which you can compare against the broker’s published server list, so a home-made server becomes obvious. And you see the account as it is now rather than as it was last synced.
It costs the vendor nothing, so a refusal is a data point and a vague refusal is a bigger one.
Two caveats to keep it honest. It proves the account exists and shows you its state, but not that this is the account whose settings you’re being sold, and not that it’s the only one they ran. And when the login lands you on an unfamiliar server name, go and check the broker’s own website for their server list rather than assume.
Where this ends
None of this tells you an EA will make money, and it can’t. It separates “I checked what could be checked” from “I read a page and felt persuaded”, which are very different places to be standing before you spend anything. If the record survives all of it, the honest next step is a small live account of your own compared week by week against theirs, covered on the backtest versus live page.