Myfxbook vs FX Blue: how to check a forex EA’s real results
Myfxbook is the better tool for checking someone else’s EA, because its “Track Record verified” badge confirms that the history matches the broker’s records. FX Blue is a strong free tool for analysing and publishing your own accounts. On either one, look past the gain figure. Check equity drawdown, account age, deposits and withdrawals, and lot sizes.
A track record on an independent site is the best evidence an EA seller can offer, and also the easiest to misread. A 300% gain can come from a cent account, a lucky month or a martingale that hasn’t failed yet. This guide compares Myfxbook vs FX Blue for checking results, explains what the verification badges actually prove, and lists the numbers to check before you trust any track record.
Myfxbook vs FX Blue at a glance
| Feature | Myfxbook | FX Blue |
|---|---|---|
| Main use | Public track records and comparing trading systems | Analysing and publishing your own trading |
| Verification | “Track Record verified” and “Trading Privileges verified” badges | No equivalent verification badge that we could confirm |
| How accounts connect | Account number, investor (read-only) password and server | The FX Blue Publisher EA uploads history from the terminal, every five minutes by default |
| Cost | Free to use; some owners charge for premium access to their stats | FX Blue Live is free |
| Best for | Checking someone else’s EA or signal | Deep analysis of your own accounts |
What Myfxbook’s verification badges prove
- Track Record verified means the trading history shown on Myfxbook matches the history held by the broker. It rules out edited trades.
- Trading Privileges verified means the person who added the account has the master (trading) password, which suggests they control the account rather than borrowing someone else’s results.
What the badges don’t prove: that the account is the seller’s only account, that it uses the EA being sold, that it isn’t a cent account, or that the results will continue. A verified record is necessary, not sufficient.
How to read an EA’s track record: 9 checks
- Both badges, and the broker name. No verification means the history could have been edited.
- Real or demo. Demo accounts don’t face real slippage or requotes.
- Account age. At least six months, ideally twelve or more through different market conditions.
- Drawdown next to gain. A high gain with a drawdown close to the account size is a high-risk account, whatever the return.
- Deposits and withdrawals. Repeated deposits after losing months can keep an account alive and flatter the gain figure.
- Lot sizes over time. Lots that rise after losses point to martingale. See how martingale and grid EAs show up in a history.
- Trades open at once. Many same-direction trades at even price steps mean a grid.
- Monthly returns. A believable record has some losing months. A perfectly smooth one deserves extra scrutiny.
- Currency units. Cent accounts show balances in cents, which makes results look a hundred times larger.
Red flags of a misleading track record
- Screenshots instead of a link to a live, verified account.
- Parts of the statistics hidden, such as trading history or the equity chart.
- A new account started soon after an older one stopped updating.
- Only one account shown when the seller runs several. You may be seeing the survivor.
- A large gain over a few weeks, which says more about risk than skill.
Other ways to verify an EA
- Investor password. Ask the seller for read-only access and watch the account in your own MetaTrader. It’s the most direct check of all.
- MQL5 Signals. Signals can only be created from real accounts; demo, contest and cent accounts aren’t allowed.
- Broker statements. MetaTrader 5’s built-in reports show profit factor, recovery factor, Sharpe ratio and maximum drawdown, and can be exported as HTML or PDF.
Publishing your own results
To share your own EA’s results, connect the account to Myfxbook with its investor password and request verification, or run the FX Blue Publisher EA in your terminal (it needs WebRequest allowed in the platform settings). Use the investor password, never the master password, wherever a site only needs to read the account. When you compare a live record with your tests, our MT5 backtesting guide explains why live results usually trail backtests.
Myfxbook and FX Blue FAQ
Can Myfxbook results be faked?
A verified track record can’t be edited, but it can still mislead: demo or cent accounts, a carefully chosen account among many, or a strategy that hasn’t hit its bad run yet. Unverified records can be manipulated much more easily.
What does “Track Record verified” mean on Myfxbook?
That the trading history on Myfxbook matches the history provided by the broker.
Is FX Blue safe to use?
FX Blue’s Publisher EA runs in your own terminal and uploads your account history. Download it from FX Blue’s own site and allow only the web addresses it needs.
Which is better, Myfxbook or FX Blue?
For judging someone else’s EA, Myfxbook, because of its verification badges. For analysing your own trading in depth, many traders prefer FX Blue. They can be used side by side.
How long should a track record be before I trust it?
Six months at the very least, and preferably twelve or more across different market conditions. See our checklist for choosing the best forex EA.
Risk warning. Past results, verified or not, do not guarantee future performance. Trading forex and CFDs on margin carries a high risk of losing money.
Sources, checked 6 November 2026: Myfxbook verification help · Myfxbook premium access · FX Blue Live · FX Blue Publisher EA · MQL5 Signals rules · MT5 trading reports