MyFxBook is an independent platform that connects directly to a trading account and publishes its results. The advantage: the numbers aren't written by the owner — they are pulled automatically by the system. This makes manipulation much harder.
When you open a MyFxBook account, first check whether it is verified. There are two markers: "Tracking verified" (the connection is authentic) and "Trading privileges verified" (confirms whether the account can actually trade). Both matter.
Next, check the duration. A 3-month account says almost nothing — it could have been luck. Look for years of history that include difficult market periods too.
Look at the drawdown, not just the profit. MyFxBook shows the maximum drawdown; compare it with the return to understand the real risk profile.
Note the account type: is it real or demo? Demo results don't carry the same weight, because they aren't subject to real slippage and psychology. Finally, watch for unusual patterns — e.g. huge gains with no losses, which often hide dangerous techniques like martingale.
The point of transparency is not for someone to tell you "trust me." It is for you to be able to check for yourself.
