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M4Markets Review 2022

Updated:
4.1
Trust
3.5
Fees
3.4
Platforms and Tools
4.9
Customer Support
4.7
Tradable Instruments
3.8
Account Types and Terms
4.9
Deposit and Withdrawal
5.0
Research
3.8
Education
4.0
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: This is a review of an MT5 Raw Spread account opened with M4Markets, the trade name of Trinota Markets (Global) Limited. We evaluated the usability of the account type, its trading conditions as well as the desktop and mobile versions of the MetaTrader 5 (MT5) platform.

Data was collected between the 23rd and 26th of September.

The Big Picture

M4Markets is an OTC derivatives broker serving retail traders and corporate clients. Having been founded in 2019, the relative newcomer to the financial industry is quickly asserting itself as a transparent and reliable broker. Traders seeking to exploit a particular market niche or develop a trading edge might just find what they are looking for in a partner like M4Markets.

Clients of M4Markets are treated to a selection of diverse account types catering to the needs of different types of traders – from very conservative ones to thrill-seeking risk-takers. The broker also offers first-rate customer support and globally renowned platforms.

With regard to M4Markets’ drawbacks, we found its research and educational materials to be somewhat lacking in breadth. Additionally, the broker has a single license by an offshore regulator, while its overall trading fees exceed the industry average.

On the whole, M4Markets is a trustworthy broker offering something for everybody, from newbies just making their first steps on the market to seasoned traders looking for diversity and efficiency.

M4Markets Key Takeaways for 2022

  • We evaluated M4Markets across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • M4Markets earned very high marks in the Account Types, Deposit and Withdrawal, Customer Support, and Platform and Tools categories. The broker’s customer service is very well balanced and made to serve the needs of different types of traders.
  • M4Markets scored average in the Tradable Instruments, Education, and Research categories. It offers a reasonable amount of CFDs and supporting content, though there is room for improvement.
  • The broker scored below average in the Trust and Fees categories. It holds only one license by a third-tier regulator (FSA in Seychelles), while its spreads and commissions vary greatly from one account type to another.
  • Beginners who are yet to learn how the market works as a whole are likely to appreciate M4Markets’ high transparency, whereas advanced traders can take advantage of its trader-oriented customer service.

Who is M4Markets For?

M4Markets’ service is suited for high-volatility traders with an affinity for instruments like energy commodities and indices. This is owing to a combination of commission-free trading and low spreads on instruments from these two asset classes on Raw Spread accounts.

With its easy-to-grasp video materials, integrated social trading platform, and many promotions, M4Markets’ service is also likely to appeal to newbies seeking all the help and benefits they can get early on in their careers.

T&Cs of M4Markets’ Raw Spread account type
T&Cs of M4Markets’ Raw Spread account type

M4Markets Pros and Cons

Pros Cons
  • Diverse account types
  • Competitive trading conditions on energy commodities and indices
  • Excellent customer support
  • Incorporates MT4 and MT5
  • Weak offshore regulation
  • No complex instruments
  • No written articles

 

broker

Trading CFDs involves significant risk of loss

 

About the Author

Plamen Stoyanov
Finance writer, analyst, and author of a book for beginner traders "Bulls, Bears and Sharks" with an experience of over 8 years in retail trading and more than 3 years in the finance area.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
M4Markets Main Features
☑️
Regulations
FSA(SC) (Seychelles)
🗺
Supported Languages
English, Chinese, Italian, Malaysian
💰
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
💵
Min Deposit
$5
💹
Max Leverage
1:1000 (FSA(SC))
🖥
Trading Desk Type
Dealing Desk, STP
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Trading CFDs involves significant risk of loss

M4Markets Full Review

Trust

3.5
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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M4Markets scored below average in the Trust category. Trinota Markets (Global) Limited is authorised by a third-tier regulator – the Financial Services Authority (FSA) of Seychelles. However, the broker has very high general transparency.

M4Markets Regulations

In our reviews, we examine the licences and regulations of each entity operated by a broker. This allows us to compare each entity’s different levels of protection. We rank licences by various regulatory bodies on a three-tier system, where Tier-1 licencing indicates the highest level of regulation.

M4Markets is the trade name of Trinota Markets (Global) Limited. Here is what we found concerning the entity:

  • Trinota Markets (Global) Limited is authorised and regulated by the Financial Services Authority (FSA) of Seychelles under licence number (SD035). The company is a subsidiary of Trinota Markets Limited. FSA ranks as a Tier-3 regulator on our system.
Trinota Markets (Global) Limited’s licencing information on fsaseychelles.sc
Trinota Markets (Global) Limited’s licencing information on fsaseychelles.sc

We have summarised the essential aspects of Trinota Markets (Global) Limited in terms of regulation and safety in the table below:

Entity Features Trinota Markets (Global) Limited
Country/Region Seychelles, Mahe
Regulation FSA
Tier 3
Segregated Funds Yes
Negative Balance Protection Yes
Compensation Scheme No
Max. Leverage 1:1000

Why is it Important to Know Where Your Broker is Regulated?

We rank regulators on a three-tier system because of differences in their safety requirements and policies, subject to discrepancies in national legislation. In other words, a broker licensed by an offshore regulator may not necessarily be obliged to comply with the strictest industry regulations.

We have listed the most important safety features traders need to look out for in a safe broker:

  • Segregation of client funds. Keeping client funds in separate bank accounts from the ones the broker uses for its own capital is essential for reducing the risk of accounting errors and corporate misconduct. M4Markets ensures segregation of client funds.
  • Negative balance protection. Negative balance protection is a policy that effectively removes the risk of an account’s losses exceeding its balance. M4M has negative balance protection.
  • Compensation scheme. A compensation scheme protects the trader against the broker’s credit risk and other liabilities, should the company, for instance, become insolvent. M4Market does not have such a scheme nor private liabilities insurance.
  • Maximum leverage. More stringent regulators tend to cap the maximum leverage allowed in order to limit a trader’s market exposure. The FSA does not mandate such a cap from M4Markets, which is why retail traders can choose leverage as high as 1:1000.

Is M4Markets Safe to Trade With?

M4Markets has negative balance protection and relatively high stop-out levels on most account types – 40%. This combination reduces the underlying trading risk faced by clients of the broker, especially during losing streaks. Accordingly, the segregation of client funds reduces the danger of accounting errors.

The only perceivable threat, minor as it may be, stems from the absence of a compensation scheme, exposing traders to the company’s credit risk. Another point worth making is that the maximum leverage allowed exceeds the industry average. But this is something that can be managed by traders themselves by simply selecting lower leverage. Overall, M4Markets is indeed a safe broker to trade with, even though it is licensed by an offshore regulator.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

Since its foundation in 2019, M4Markets has been garnering a reputation among retail traders and professional clients as a stable and transparent partner. It employs over 50 people and has a very clear corporate structure. Visitors of m4markets.com can read about the people running the company from the Group Management section of the website.

Traders interested in signing up with the broker can also learn everything they need to know about its trading fees from the Spreads and Commissions section of the website. The same kind of transparency applies to M4Markets’ regulation information and legal docs. We found its Client Agreement very informative and detailed. All of this underscores the company’s reliability and stability.

In summary, our findings indicate that M4Markets can be regarded as having a good level of trust and stability due to the following factors:

  • It has negative balance protection segregated client funds.
  • Important information on the website is made clear and easily accessible.
  • The broker as a whole is very transparent.

Fees

3.4
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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M4Markets scored below average in the Fees category. Its spreads vary greatly, while its commissions exceed the industry average. The availability of swap-free trading makes its conditions more competitive. The broker also has low-to-medium non-trading fees.

M4Markets’ Standard account type offers commission-free trading, with equities being an exception and spreads starting from 1.1 pips. In contrast, the Raw Spread and Premium account types have spreads starting from 0.0 pips and fixed commissions. As a whole, the competitiveness of M4Markets’ trading costs depends mostly on the type of instrument being traded and the underlying account type.

Regarding its non-trading costs, the broker charges inactive accounts with an average maintenance fee compared to the broader industry. It is also worth pointing out that the broker does not charge anything for deposits or withdrawals.

M4Markets Trading Fees

M4Markets’ Spreads

We tested M4Markets’ spreads during the most actively traded times – during the London open at 8 AM GMT and just after the U.S. open at 2.45 PM GMT. The test was conducted on the 23rd of September 2022.

Instrument Live Spread AM Live Spread PM
EURUSD 0 pips 0 pips
GBPJPY 0.7 pips 1 pip
Gold (XAUUSD) 11 pips 17 pips
Crude Oil 0.04 pips 0.04 pips
Apple NA 1.03 points
Tesla NA 1.24 points
Dow Jones 30 3 basis points 2.7 basis points
Germany 40 1.7 basis points 1.7 basis points

Our review of M4Markets’ Raw Spread account type revealed that the broker charges very low spreads on currency pairs and low-to-medium spreads on commodities. With regard to instruments from more complex asset classes, we found M4Markets’ spreads on CFD shares quite high, whereas the spreads on indices are low-to-medium compared to the broader industry.

M4Markets’ Swap Rates

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full contract (100,000 units) of the base currency.

Instrument Swap Long Swap Short
EURUSD Charge of $8.2 Credit of $2.62
GBPJPY Credit of $3.48 Charge of $16.2

M4Markets’ swap rates on FX Majors are low-to-medium compared to the broader industry. The broker also offers swap-free trading – Islamic Accounts – available on Standard, Raw Spread, and Premium account types.

M4Markets’ Commissions

The Raw Spread account type has a fixed commission of $3.5 per side (or $7 round turn) for currency pairs and metals. This commission is per traded lot (100,000 units), which is higher than the industry average. In other words, traders have to pay $3.5 to open a position (1 lot) and then another $3.5 to close it. M4Markets’ fixed commission for Forex and metals on Premium accounts is $2.5 per side.

There is also a commission of 0.05% per side (0.10% per round turn) for CFD shares. This commission is the same on all account types.

M4Markets’ Non-Trading Fees

The broker charges a $10 inactivity fee for accounts on which no trades have been placed for a period of 12 months. The fee is charged monthly until activity resumes or the account balance drops to zero.

There are no additional non-trading fees as the broker does not charge deposits or withdrawals.

Are M4Markets’ Fees Competitive?

The competitiveness of M4Markets’ fees varies on instruments from one asset class to another. The broker’s fees on energy commodities and indices on Raw Spread and Premium account types are indeed very competitive because instruments from the two asset classes have very low spreads and no commissions.

As a whole, M4Markets’ fees exceed the industry average, meaning that traders can gain maximum advantage only when trading instruments from certain asset classes.

Platforms and Tools

4.9
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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M4Markets was awarded a very high mark in the Platforms category. Its clients can choose between the globally renowned MetaTrader 5 (MT5) platform and its predecessor MetaTrader 4 (MT4).

MT5 builds on its predecessor’s legacy by expanding its assortment of tools, such as indicators and timeframes. M4Markets should be commended for listing the essential differences between the two platforms in detail, which is quite rare in the industry. M4Markats stands out with its efforts to inform traders about the usability of its services.

MT5 also has a mobile app version allowing traders constant access to markets even on the go.

Users of MT5 can take advantage of features such as one-click trading, automated trading in the form of Expert Advisors (EA), and trading signals provided by other traders. Clients of M4Markets can also take advantage of the broker’s social trading feature – M4Markets Copy Trader.     

M4Markets’ Desktop MT5 Platform

The desktop version of M4Markets’ MT5 platform
The desktop version of M4Markets’ MT5 platform

General Ease of Use

The platform is easy enough to navigate, with all important features being no more than several clicks away. Its design has a very familiar layout:

  • a menu with all essential options and settings can be found at the top of the platform;
  • account information can be accessed from the banner at the bottom;
  • charts are situated in the middle of the window;
  • a watch list of selected instruments and other important features are positioned on the left-hand side of the platform.

The general ease of use of MT5 is further enhanced by the inclusion of some handy features, such as a strategy tester and a built-in economic calendar.

Charts

MT5’s charts are fluid and flexible and can be populated with multiple indicators and other secondary tools. The efficacy of a platform’s chart is evaluated based on its capacity to illustrate price action behavior as clearly and concisely as possible.

We have summarized the most important tools and features of MT5 below:

  • Trading indicators. The platform consists of 38 trading indicators, which can be separated into several categories – trend-based, volume-based, oscillators, and others. These are used to gauge market sentiment and estimate probable future price action behavior.
  • Drawing tools. There are also 21 different drawing tools, such as lines, channels, and Fibonacci retracement levels. These are used to contextualize the emergence of certain patterns – rebounds and breakouts – and estimate the probability of where the underlying price action might go next.
  • MT5 has an impressive 21 different timeframes, affording traders a multifaceted overview of price action behavior from different angles. This wide range of timeframes means that the platform can be used by position, intraday, and day traders.
  • Chart types. There are 3 chart types currently available on MT5. Price action can be represented as a line, using bars and candlesticks.

Orders

Here is a list of the order types currently available on M4Markets’ MT5 platform:

  • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled.
  • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
  • Stop-loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

M4Markets’ Mobile App

The primary function of MT5’s mobile app is to afford quick and easy access to a trader’s account on the go. This is vitally important when urgent corrections need to be made, for instance, when a margin call is issued on a losing trade. Where the app falls short of the desktop version, however, is with regard to its flexibility. Except for tablets, apps are usually run on smaller-screened smartphones, which do not accommodate the execution of probing technical analyses.

General Ease of Use

Arguably, the app’s biggest advantage is its design’s simplicity. Traders can navigate between the different sections of the app fairly quickly. This simplicity makes order execution and termination very easy, which is imperative in such a fast-paced environment.

A watch list of selected instruments (on the left), a chart section (in the middle), and an orders execution window (on the right)
A watch list of selected instruments (on the left), a chart section (in the middle), and an orders execution window (on the right)

Charts

Here is a breakdown of the features available on MT5’s mobile app:

  • Trading indicators. Unlike the desktop version, the mobile app has 30 trading indicators. These indicators fall into several categories, the most popular of which are trend-based, volume-based, and oscillators. They are used to gauge market sentiment.
  • Drawing tools. There are 21 drawing tools, the same as the desktop version, including trend lines, channels, and Fibonacci retracement levels. However, it is more difficult to use those on small-screen devices.
  • The app consists of only 9 timeframes compared to the 21 available on MT5’s desktop version. This diminishes the usability of the former.
  • Chart types. There are 3 chart types, similar to the desktop version. Price action can be represented as a line, using bars and candlesticks.

Orders

Finally, here is a list of the order types available on the app:

  • Market orders. The most popular order type in the industry, market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling.
  • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
  • Stop-loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction.

Tradable Instruments

3.8
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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M4Markets scored average in the Tradable Instruments category. The broker offers over 120 instruments available on all account types, including FX pairs, commodities, shares, and indices. However, it does not provide access to more complex instruments like bonds, options, or ETFs.

M4Markets’ assortment of instruments affords access to some of the most widely traded markets. These include highly volatile assets such as cryptocurrencies, shares, certain commodities, indices, and more conventional instruments like currency pairs. This means that conservative and aggressive traders alike can make use of M4Markets’ array of tradable instruments.

What are CFDs?

Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What Can You Trade With M4Markets?

Here is a breakdown by category of the over 120 instruments available on a Raw Spread account with M4Markets:

  • 48 Currency Pairs
    • Majors and Minors
  • 9 Commodities
    • Metals and Energy
  • 56 CFD Stocks
    • S. and EU
  • 13 Indices
    • S., EU, and Asia
  • 5 Cryptocurrencies
    • Majors

By category and compared to the broader industry, the broker offers an average amount of currency pairs and commodities, a low amount of cryptocurrencies and stocks, and a high number of indices. Given that M4Markets charges low-to-medium spreads and no commissions for trading indices on a Raw Spread account, the high number of instruments from this asset class available is another advantage to retail traders.

Forex Commodities
EURUSD | USDJPY | GBPUSD | AUDUSD | USDNOK | EURJPY Gold | Crude Oil | Brent Oil | Natural Gas | Silver | Palladium
Stocks Indices
Alphabet | Apple | Tesla | Coca-Cola | Lufthansa | BMW | BNP Germany 30 | Dow Jones 30 | Nasdaq 100
Cryptocurrencies
Bitcoin | Ethereum | Litecoin | Ripple

Trading CFDs involves significant risk of loss

Customer Support

4.7
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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M4Markets was awarded a very high mark in the Customer Support category. The broker offers 24/5 support available in 7 different languages. The support team can be contacted via live chat, email, and phone.

The website contains a dedicated FAQ section intended to answer most general questions. Clients of the company with more specific queries can send an email, call or request a call back from M4Markets’ support team or contact them via the live chat. The response time is very low, but the quality of the service is generally high.

M4Markets’ Customer Support Test

When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

We conducted our test on the 26th of September via the live chat available at the bottom-right corner of the main page. An agent connected almost instantaneously and responded to our general query regarding M4Markets’ commissions. Initially, he sent us a link to the ‘Spreads and Commissions’ section of the website, but then we inquired further about instruments from specific asset classes.

The agent was thorough enough to make sure that he did not provide us with false information, and it took him a short while to double-check his answer, which is quite important. Overall, we found M4Markets’ support team reliable and helpful.

Our conversation with M4Markets’ support team
Our conversation with M4Markets’ support team

Deposit and Withdrawal

5.0
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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M4Markets scored very high in the Deposit and Withdrawal category. The broker works with many payment processors affording its clients plenty of options for transactions to and from their accounts. Deposits and withdrawals are processed very quickly, and the broker does not charge anything for them, though third-party fees may apply.

M4Markets Deposit Methods

Method Min. Amount Base Currency Fees Processing Time
Sepaga 5 EUR, USD, GBP 0% Instant
fasapay 5 USD 0% Instant
Skrill 5 EUR, USD, GBP, AUD 0% Instant
Neteller 5 EUR, USD, GBP, AUD 0% Instant
Local Online Banking 15 MYR, IDR, VND, THB, ZAR 0% 1 Business Day
Perfect Money 10 EUR, USD 0% Instant
PayRedeem 50 EUR, USD 0% Instant
Sticpay 5 USD, EUR, JPY 0% Instant
bitwallet 50 USD, EUR, JPY 0% Instant
PayRetailers 5 CLP, COP, USD, MXN 0% Instant
UnionPay 100 CNY 0% Instant
Local Depositor 5 USD, MYR, IDR 0% Instant

M4Markets Withdrawal Methods

Method Min. Amount Base Currency Fees Processing Time
Bank Wire 100 USD, EUR, GBP 0% 1 Business Day
Sepaga 50 USD, EUR, GBP 0% 5 Business Days
Visa/Mastercard 50 USD, EUR, GBP 0% 1 Business Day
fasapay 10 USD USD, IDR 0% 1 Business Day
Skrill 10 EUR, USD, GBP, AUD 0% 1 Business Day
Neteller 10 EUR, USD, GBP, AUD 0% 1 Business Day
Local Online Banking 15 USD VND, THB, ZAR, NGN, TZS 0% 1 Business Day
Perfect Money 10 USD EUR, USD 0% 1 Business Day
PayRedeem 10 USD USD, EUR, JPY 0% 1 Business Day
Sticpay 10 USD USD 0% 1 Business Day
bitwallet 50 USD USD 0% 1 Business Day
PayRetailers 10 USD USD 0% 1 Business Day
UnionPay 100 CNY CNY 0% 1 Business Day
Local Depositor 5 USD USD, MYR, IDR 0% Instant
Klarna 50 EUR 0% 1 Business Day
Rapid 50 EUR 0% 1 Business Day

The company’s clients can choose from multiple payment options – credit and debit cards, wire transfers, e-wallets, and others. Almost all deposits are processed instantaneously, while almost all withdrawals take up to one business day to complete. The broker does not charge a servicing fee for either, though third-party fees may apply.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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M4Markets scored high in the Account Types category. The broker has three main account types with relatively low minimum deposit requirements, making them accessible to a wide range of traders. There is a fine balance between the conditions of the three account types, all of which afford swap-free trading.

M4Markets’ three account types – Standard, Raw Spread, and Premium – are designed to cater to the needs of both conservative and aggressive traders. It is also worth pointing out that account creation is a fast and straightforward process.

Parameters of M4Markets’ Raw Spread Account type
Parameters of M4Markets’ Raw Spread Account type

Why is Choosing the Right Account Type Important?

Ideally, the account should correspond to a trader’s goals, means, and needs on the market. Some account types are designed to cater to the needs of more aggressive traders who like to take bigger risks looking to score bigger profits. In contrast, more cautious traders need an account type to reflect their more pragmatic approach to trading.

What Account Types Does M4Markets Offer?

Account Type Standard Raw Spread Premium
Spreads From 1.1 pips 0.0 pips 0.0 pips
Commission* 0.10% Shares $7 FX, Metals
0.10% Shares

$5 FX, Metals

0.10% Shares

Max. Leverage 1:1000 1:500 1:500
Min. Deposit $5 $500 $10,000
Margin Call 100% 100% 100%
Stop Out Level 20% 40% 40%
Base Currency USD, EUR, GBP, JPY USD, EUR, GBP, JPY USD, EUR, GBP, JPY
Swap-Free Available Available Available

*Round turn commission

The Standard account is the most affordable of the three, with its $5 minimum deposit requirement. It offers commission-free trading, except for CFD shares which are liable for a 0.10% round turn commission and spreads starting from 1.1 pips. What is worth pointing out is that the max. leverage allowed is relatively high, whereas the stop-out level is low. This makes the account type less suitable for inexperienced traders who cannot truly appreciate the risk of high market exposure. It is, however, appropriate for high-risk takers looking to take advantage of the higher leverage.

The Raw Spread and Premium account types, which have varied commissions and raw spreads starting from 0.0 pips, are intended for a wider range of traders, including professionals. However, the minimum barrier to entry is $500 on a Raw Spread account. These account types offer excellent conditions on instruments from some asset classes like indices.

What is CFD Leverage?

The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

M4Markets Account Opening Process

We have summarised the process of opening a live trading account with M4Markets in these few steps:

  • Step 1. Click the ‘Open Account’ button on the top-right corner of the main page and fill in your personal details.
  • Step 2. Confirm your email address by copying the PIN that will be sent to your email and pasting it onto the confirmation form on the website.
  • Step 3. Verify your account by providing proof of your id, address, and economic profile details.
  • Step 4. Configure the settings of your live account by selecting a platform (MT4 or MT5 ) and account type (Standard, Raw Spread, or Premium).
M4Markets’ registration form during account creation
M4Markets’ registration form during account creation

Why is a Demo Account Important?

Demo accounts serve a twofold purpose. Potential clients of the broker can use its practice account to test its services and conditions before they move to open live accounts for themselves. Additionally, traders can use demo accounts to tweak the parameters of their strategies and upgrade them accordingly to the ever-changing market sentiment in a safe environment.

M4Markets Supported Countries

M4Markets does not offer its services to residents of certain jurisdictions such as the USA, Canada, Cuba, Sudan, Syria, and North Korea.

Trading CFDs involves significant risk of loss

Research

3.8
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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M4Markets scored average in the Research category. It offers a relatively narrow assortment of supporting tools like video breakdowns of the most important market movers and no articles or third-party resources. Even still, the content that is rich and informative.

The research materials and supporting tools are very practical and effective in achieving their goals – to provide a focused examination of key market developments and to underscore their essential causes. However, M4Markets’ research content lacks scope and diversity, as no attention is paid to market outliers that do not have a direct impact on current trading opportunities.

M4Markets Forex Calculators
M4Markets Forex Calculators

Research Tools

Here is a categorization of M4Markets’ research materials and secondary content:

  • Economic calendar. A pretty common feature across the industry, the economic calendar informs traders of upcoming economic releases and other potential trading events. Newbies and experienced traders use economic calendars to prepare for such upcoming events by discerning which instruments are likely to be impacted and to what degree.
  • Forex calculators. These calculators help traders determine the optimal size of their positions under changing market conditions. There are currency, margin, pip, swaps, and profit & loss calculators.
  • Financial news. M4Markets’ research team breaks down the most important financial news daily. Each breakdown is presented in video format, and it contains a brief analysis of the underlying market movers and a technical outlook of several tradable instruments supported by charts and graphs.  
M4Markets’ daily financial news
M4Markets’ daily financial news

Education

4.0
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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M4Markets performed average in the Education category. The broker provides two books and a few videos on its Youtube channel as well as several built-in videos of MT4 and MT5. The educational content presents a good basis for beginners, but it does not delve much deeper than the basics of trading.

The broker’s two educational books – “Introduction to Forex” and “Introduction to Fibonacci” – differ in their breadth and structure. The former serves the purpose of an exhaustive glossary, whereas the latter represents a systematic examination of concepts connected to the Fibonacci theory of trading. Traders of different experience levels can use the latter to develop their edges in this aspect.

The broker also has several educational videos on its Youtube channel, but only in Vietnamese and Spanish. There is also one webinar on how to use the Fibonacci retracement levels available on the website. As a whole, M4Markets’ educational materials, similar to its research content, are informative enough, but their scope is limited.

Part of M4Markets’ educational book
Part of M4Markets’ educational book

The Bottom Line

M4Marekts is a derivatives broker offering OTC trading solutions to retail and professional traders. Having been founded 3years ago, it is trying to build a reputation for itself as a trustworthy partner. The broker offers a combination of commission-free trading with low spreads on some of the most popular instruments on the market.

M4Markets has several account types that complement each other very well, affording traders the freedom to choose the optimal conditions for themselves. Users can trade with more than 120 instruments from different asset classes and take advantage of M4Markets’ excellent customer support. Available to them are also two of the most renowned platforms in the world – MetaTrader 4 and MetaTrader 5.

The broker is nevertheless authorized by a weak offshore regulator (FSA), which does not guarantee compliance with the strictest industry regulations. Additionally, its fees are generally not the most competitive in the industry. We also found M4Markets’ research and educational materials, though very informative in their own right, lacking in scope. Despite this, the broker, with its multiple perks, is equally suitable for inexperienced and experienced traders.

FAQ

Where is М4Маrkets based?
Trinota Markets (Global) Limited is based in Seychelles, Mahe.

Is М4Markets safe?
Yes. Even though Trinota Markets (Global) Limited is authorized by a Tier-3 offshore regulator (FSA), it has negative balance protection and segregated funds.

How does M4Markets make money?
Via the spreads and commissions, it charges for order execution.

Is М4Markets good for beginners?
Yes, it has quality educational and research materials.

How do I deposit into a М4Markets account?
Deposits can be processed using bank cards, wire transfers, and e-wallets.

What is the minimum deposit for М4Markets?
The minimum deposit requirement is $5 on a Standard account.

How do I withdraw money from М4Markets?
Using one of the payment processors. The full list of options can be accessed here.

How long does it take to withdraw money from a М4Markets account?
Almost all payments are processed within the same business day, with the exception of Sepaga transactions, which may take up to 5 business days to complete.

What is М4Markets’ maximum leverage?
The maximum leverage is 1:1000 on a Standard account.

How do I open an account with М4Мarkets?
Click the ‘Open Account’ button on the main page’s top-right corner and follow the instructions.

Which platforms does М4Markets offer?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Does М4Markets offer a demo account?
Yes.

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Trading CFDs involves significant risk of loss

See M4Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2019
Regulations
FSA(SC) (Seychelles)
Publicly Traded
No
Number Of Employees
50
Trading Desk Type
Dealing Desk, STP
Trading platforms
MT4, MT5
Restricted Countries
United States, Canada, Cuba, North Korea, Syria, Sudan
Supported Languages
English, Chinese, Italian, Malaysian
Min Deposit
$5
Max Leverage
1:1000 (FSA(SC))
Deposit Options
Wire Transfer, Skrill, Neteller, FasaPay, Online Pay, PerfectMoney, E-wallets, Local Deposit, Union Pay
Withdrawal Options
Wire Transfer, Skrill, Neteller, FasaPay, Klarna, Local Deposit, Online Pay, Rapid Transfer, PerfectMoney, E-wallets, Visa, Union Pay, Mastercard
Time to Withdrawal
1
Time to Open an Account
9
Cryptocurrencies
Bitcoin, Litecoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No

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