ForexTB vs M4Markets

ForexTB vs M4Markets Comparison Table 2024
ForexTB M4Markets
3.6
3.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

ForexTB is a CySEC-regulated multi-asset broker offering CFDs on more than 300 instruments through an intuitive web-based platform or MetaTrader 4. Competitive spreads are available to top-tier account holders with zero commissions. This broker also offers some attractive extra features including daily trading signals and comprehensive educational content.

M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

Bonus Offer
50% deposit bonus up to $10,000
Comment by Reviewer
"ForexTB is best for CFD traders with larger amounts of capital who can access the VIP account and more competitive pricing." "M4Markets will serve active investors looking for highly leveraged trading on powerful third-party platforms. Other investment opportunities are also available, including copy trading and MAM/PAMM accounts."
Pros
  • Full range of investments including stocks, indices, forex, cryptos, commodities and ETFs
  • CFD trading tips, webinars and glossary
  • Daily signals and financial news
  • Automated trading supported
  • Rich education centre
  • Free demo account
  • MT4 trading platform
  • Trading Central
  • M4Markets is a low-cost broker, offering spreads from 0.0 pips and $0 commissions, plus an accessible $5 minimum deposit
  • Execution speeds are fast, averaging 30 ms (we consider anything below 100 ms as fast and suitable for active day traders)
  • The broker offers a range of hands-off trading opportunities, including a copy trading service, plus MAM/PAMM accounts
  • There’s a wide range of global payment methods available, with no deposit or withdrawal fees
  • Reliable 24/5 customer support is available in 10 languages via live chat, telephone and email
  • M4Markets holds multiple global licenses, including the CySEC and DFSA
Cons
  • Withdrawal fees on some methods
  • Limited customer support hours
  • Fairly wide spreads on some assets
  • Lack of copy trading
  • $20 inactivity fee
  • The educational resources trail the best brokers with only a small selection of eBooks and webinars offered
  • The range of around 200 investments is slim compared to top brokers, who typically offer over 1000
  • M4Markets doesn't offer any rebate schemes or rewards for active traders
Awards
  • Best Deposits & Withdrawals Broker, Fazzaco
  • Most Transparent Broker, World Finance Awards
  • Best Trading Conditions Broker Global, International Business Magazine
Instruments
Forex, ETFs, CFDs, Indices, Shares, Commodities, Cryptocurrencies Forex, CFDs, Indices, Shares, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$250 $5
Trading Platforms
  • MT4
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FSA, CySEC
Margin Trading
Yes No
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes (APIs)
Copy Trading
No Yes
Copy Trading Platform
M4Markets continues to deliver a user-friendly copy trading service to beginners looking to mirror other strategies and to experienced investors looking to become a mentors. The service easily synchronizes with your trading platform and is active 24/7.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$20
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • RUB
  • USD
  • EUR
  • GBP
  • JPY
  • ZAR
Stock Exchanges
Commodities
CFD Trading
ForexTB CFDs are available on forex, commodities, indices, stocks, ETFs and cryptocurrencies, covering 300+ markets in total. The leverage available varies by instrument to a maximum of 1:30 as per EU regulations. Spreads are variable, with no raw spread account available. M4Markets offers CFD trading across forex, stocks, indices, commodities and cryptocurrencies. Day traders can access powerful charting platforms with multiple order types and built-in indicators. There’s also a good selection of data-driven analysis tools supplied by reputable provider, Acuity.
Leverage
1:30 (Retail), 1:400 (Professional) 1:1000
FTSE Spread
$0.02 From 0.01
GBPUSD Spread
1.8 pips Raw from 0.0 pips
Oil Spread
$0.08 From 0.01
Stocks Spread
Variable N/A
Forex Trading
ForexTB offers CFDs on 50 forex pairs, most of which are crosses with USD, EUR, GBP or AUD. Spreads are wide for basic account holders, who are offered 3 pips on EUR/USD, but the top VIP members are offered the more competitive 1.6 pips on the same pair. All accounts are commission free, with no raw spread option. M4Markets offers 45+ currencies with zero pip spreads. The low latency and 30-millisecond execution speeds makes the broker a decent choice for forex day traders. Additionally, there are no restrictions on trading strategies, including scalping.
GBPUSD Spread
From 2.0 Raw from 0.0 pips
EURUSD Spread
From 1.6 Raw from 0.0 pips
EURGBP Spread
From 1.8 Raw from 0.0 pips
Assets
50 50
Cryptocurrency
ForexTB traders can dip into cryptocurrency markets with around 25 crypto CFDs, paired with USD, EUR and GBP. The tokens available include Bitcoin, Ethereum, Dash, and Litecoin. This is not the widest range of cryptos, but the chance to trade with 1:3 or 1:5 leverage may attract traders. M4Markets offers a decent range of 15 crypto CFDs paired with USD. Traders can get started with as little as $5 and enjoy zero commissions on crypto trades. Spreads on BTCUSD average around 14.1 which is competitive and in line with the top low-cost crypto brokers.
Spread
Floating From 0.0 pips
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • DSH
  • BCH
  • ADA
  • DOGE
  • XLM
  • DOT
  • BNB
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DASH
  • XMR
  • OMG
  • NEO
  • QTUM
  • ZEC
  • DOT
  • SOL
  • ETX
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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