ForexEAWatch

Last updated: March 2026

How to Spot Fake Myfxbook Results

Myfxbook is the gold standard for verifying EA results. It connects directly to trading accounts and pulls data independently, making it far more reliable than vendor-provided screenshots or backtests. But even Myfxbook can be gamed. Here's how vendors do it and how to see through the manipulation.

Let's be direct: Myfxbook verification is still the best publicly available tool for checking EA performance. We use it ourselves for every review we publish. But "verified" doesn't mean "impossible to manipulate." Understanding the limitations of Myfxbook verification is part of being a smart EA buyer. The tricks described below range from outright fraud to gray-area tactics that are technically not violations of Myfxbook's terms but are designed to deceive.

What Myfxbook Verification Actually Means

When you see a "verified" badge on a Myfxbook account, it means one thing: Myfxbook has confirmed that the trade data displayed matches the actual trade data on the broker's server. This is done through investor password access or direct API connection to the broker. The trades shown are real trades that actually occurred.

What verification does NOT confirm:

  • × That the account is a live (real money) account versus a demo account
  • × That the trades were placed by an EA versus manually
  • × That this is the vendor's only account (they could have 20 other losing accounts)
  • × That the account hasn't been manipulated through deposits, withdrawals, or trade deletions
  • × That the same strategy will continue to perform in the future

Understanding these limitations is the first step toward reading Myfxbook data critically rather than taking it at face value.

Common Manipulation Tactics

Over the years, we've identified six primary ways that vendors manipulate Myfxbook accounts to present misleading results. Some of these are blatant fraud. Others are more subtle and require careful analysis to detect.

1. Demo Accounts Passed Off as Live

This is the most common trick and the easiest to pull off. A vendor creates a demo account with $10,000 or $100,000 in virtual funds, connects it to Myfxbook, and presents it as evidence of "live trading results." Demo accounts trade differently from live accounts in several ways: fills are always perfect (no slippage), there's no emotional component, and there's zero financial risk. An EA running on a demo with $100,000 virtual funds takes positions that no sane trader would risk with real money.

How to detect it: Myfxbook displays an account type indicator. Look for "Real" (shown in green) versus "Demo" (shown in orange/yellow). If the account page doesn't clearly show "Real" with a green badge next to the broker name at the top of the page, treat the results with extreme skepticism. Some vendors try to obscure this by only linking to specific Myfxbook widgets or charts rather than the full account page. Always navigate to the full account page yourself.

2. Survivorship Bias — Showing Only the Winner

A vendor runs the same EA on ten different accounts simultaneously with slightly different settings. After three months, seven accounts are losing and three are profitable. The vendor deletes or hides the seven losing accounts and promotes the three winners as "proof" that the EA works. This is textbook survivorship bias, and it's almost impossible to detect from the outside because you can't see accounts that have been deleted or set to private.

How to detect it: Look at the vendor's Myfxbook profile (not just the individual account). If they have a history of accounts that have gone private or disappeared, that's a warning sign. Also check forums — other users may have noticed accounts that were previously public and are now hidden. Ask the vendor directly: "How many accounts are you running this EA on?" If they refuse to answer, draw your own conclusions.

3. Hiding Drawdowns with Deposits

This is a sneaky one. The EA loses 30% of the account. Instead of letting the drawdown show on the equity curve, the vendor deposits additional funds to bring the balance back up. On a casual glance, the equity curve looks smooth and steadily rising. The actual trading performance was terrible, but the chart hides it because the deposits offset the losses.

How to detect it: On any Myfxbook account, go to the "Deposits/Withdrawals" tab. If you see frequent deposits — especially deposits that coincide with periods of poor performance — the equity curve is being artificially smoothed. A legitimate EA running on a funded account shouldn't need constant injections of capital. Also check the "Growth" chart versus the "Balance" chart. Growth percentages exclude deposit effects and show true trading performance.

4. Deleting Bad Trades

Some brokers allow traders to request deletion of specific trades from their account history. While this is rare with mainstream brokers, certain offshore brokers are more accommodating. If a vendor can delete losing trades from the account, the Myfxbook data will only reflect the remaining (profitable) trades.

How to detect it: Look for gaps in the trade history. If there are periods where no trades appear despite the EA supposedly running 24/5, trades may have been deleted. Also examine whether the trade numbering sequence has gaps — trade #1001 followed by #1005 with numbers #1002-1004 missing, for instance. Check the "History" tab and look for suspicious gaps in the timeline.

5. Strategy Switching — Manual Trades Alongside the EA

This tactic involves running the EA on an account while also placing manual trades on the same account. If the vendor is a competent manual trader, their profitable manual trades boost the overall account performance. Myfxbook displays all trades on the account — it cannot distinguish between EA-generated trades and manually placed trades. The result is that the EA gets credit for the vendor's manual trading skill.

How to detect it: Analyze the trade patterns. EA-generated trades typically show consistent characteristics: similar lot sizes, entries at specific technical levels, consistent holding times, and trades placed at all hours (including while the vendor would be sleeping). If you see a mix of highly consistent automated-looking trades and irregular manual-looking trades with different lot sizes, holding periods, and entry logic, strategy switching may be at play. Also look at the "Magic Number" column if available — EAs assign consistent magic numbers to their trades, while manual trades have a magic number of 0.

6. Short Track Records

Three months of positive results does not validate a trading strategy. Almost any approach — including random entries — can produce positive results over a short sample if market conditions happen to align. Vendors often launch a Myfxbook account, get lucky with three months of gains, and immediately start marketing the EA as "proven." When the inevitable drawdown comes, they either abandon the account or set it to private and start a new one.

How to detect it: Check the account age. Anything under 6 months is statistically unreliable. Ideally, you want to see at least 12 months of live data that includes different market conditions — trending, ranging, high-volatility, and low-volatility periods. An EA that only has results from a single market environment hasn't been tested; it's been lucky.

How to Verify a Myfxbook Account — Step by Step

When evaluating an EA's Myfxbook data, follow this sequence. Each step filters out a specific type of manipulation.

  1. Step 1: Check Live vs Demo. Navigate to the full Myfxbook account page (not a widget or embedded chart). Look at the account type badge next to the broker name. If it says "Demo" or doesn't clearly say "Real," stop here. Demo results are not evidence of a working strategy.
  2. Step 2: Check the Verification Badge. Look for the green "Verified" or "Track Record Verified" badge. If the account is unverified, the data could be fabricated or from a different account entirely. Unverified accounts are worthless as proof.
  3. Step 3: Examine Trading Consistency. Click through to the detailed trade history. Are the lot sizes consistent? Do trades follow predictable patterns (which you'd expect from an EA)? Or is there a mix of different lot sizes and erratic timing that suggests manual intervention?
  4. Step 4: Check Deposits and Withdrawals. Go to the "Deposits/Withdrawals" tab. A single initial deposit followed by no further activity is ideal. Multiple deposits, especially ones that coincide with drawdown periods, are a red flag. Heavy withdrawals during profitable periods followed by re-deposits during losses can also indicate manipulation.
  5. Step 5: Analyze Monthly Returns. Look at the monthly return percentages. Are they suspiciously consistent? Real trading produces variable monthly results. If an EA shows exactly 8-10% every single month with no variation, be skeptical. Conversely, if there are no negative months over a long period, that's also unrealistic for most strategies.
  6. Step 6: Check Account Age. Look at the start date. Calculate how many months of data are available. Anything under 6 months is too short to draw conclusions. 12+ months across varying market conditions is the minimum we consider meaningful for a review.
  7. Step 7: Review the Equity Curve. Is the equity curve suspiciously smooth, or does it show natural ups and downs? All legitimate trading accounts have drawdown periods. A perfectly smooth upward curve either indicates an extremely low-risk strategy (check if the returns match this) or data manipulation.

Red Flags in Myfxbook Data

Beyond the verification steps above, watch for these specific patterns in the data itself.

  • • Suspiciously smooth equity curves. Real trading produces choppy equity curves with visible drawdowns. If the curve looks like a 45-degree straight line, something is off. Either the account has been manipulated, or the strategy is holding losing trades open (which means the drawdown is hidden in floating losses, not closed losses).
  • • No losing months ever. Over a 12-month period, even exceptional EAs should have at least one or two negative months. Consistent positive months without exception is either extremely rare skill or (far more likely) selective data presentation.
  • • Huge deposits during drawdowns. If the balance drops 20% and then a deposit appears that brings it back to break-even, the vendor is hiding the drawdown. Check the "Growth" percentage chart, which strips out deposit effects, to see the real performance.
  • • Very low number of trades. An EA with 15 trades over 6 months doesn't have enough data to be statistically significant. You need at least several hundred trades to draw any reliable conclusions about a strategy's viability. Low trade counts can also indicate that losing trades have been deleted.
  • • Closed periods or private stretches. If a Myfxbook account was public, then went private for two months, then came back public, what happened during those two months? Usually: a drawdown the vendor didn't want visible. Historical data during private periods is not shown to other users.
  • • Extremely high win rate with tiny average wins. A 95% win rate sounds impressive until you see that the average win is $5 and the average loss is $200. This is the hallmark of a martingale or grid strategy that wins often but loses catastrophically when it does lose. The equity curve will look great right up until it doesn't.

What Good Myfxbook Results Look Like

Understanding what legitimate EA performance actually looks like helps you calibrate your expectations and recognize fakes more easily.

Characteristics of Legitimate Myfxbook Results

  • ✓ Consistent but not perfect. Monthly returns vary. Some months are up 5%, others up 2%, occasionally one is down 3%. This variation is normal and healthy.
  • ✓ Occasional losing months. One or two losing months per year is realistic. Three or four is still acceptable depending on the strategy. Zero losing months over more than a year is suspicious.
  • ✓ Reasonable drawdown. Maximum drawdown of 15-30% is common for legitimate EAs. Drawdown under 5% over a long period usually means the EA is barely trading or the position sizes are too small to be meaningful.
  • ✓ Long track record. 12+ months minimum, with results spanning different market conditions. The best EAs have 2-3+ years of continuous live data.
  • ✓ Sufficient trade count. At least 200-500+ closed trades for statistical significance. More trades give higher confidence in the strategy's edge being real rather than random.
  • ✓ Clean deposit/withdrawal history. Ideally one initial deposit and no further capital injections. Withdrawals of profits are normal and expected. Frequent deposits are not.

Our Verification Process

At ForexEAWatch, every EA we review goes through a Myfxbook verification process that goes beyond what a casual buyer would typically check. Here's what we do:

  • • We verify the account is live (real money), not demo.
  • • We check the full deposit/withdrawal history for anomalies.
  • • We analyze trade patterns for consistency (automated vs manual trading indicators).
  • • We compare vendor claims against actual Myfxbook data — does the marketing match reality?
  • • We run our own independent forward test to confirm the Myfxbook results are reproducible.
  • • We monitor the account over time for any changes (going private, deleted trades, sudden performance shifts).

If we detect any manipulation during this process, we flag it in the review and adjust our score accordingly. Vendors who fake results receive the lowest possible ratings. For more on our full testing methodology, see how we test.

Myfxbook is a powerful tool, but it's only useful if you know how to read it properly. Take the time to check every data point before trusting any EA's claimed performance. If you're new to evaluating EAs, our complete scam red flag guide provides broader context on how to protect yourself, and our best forex EAs for 2026 list only includes EAs that have survived this verification process.