M4Markets Review 2023

3.6 / 5
M4Markets is #44 in our CFD broker rankings.

M4Markets will serve active investors looking for highly leveraged trading on the reliable MetaTrader 4 and MetaTrader 5 platforms. The $5 minimum deposit and straightforward sign-up process makes it quick and easy to start trading.

- Daytrading Review Team

M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Clients can speculate on popular financial markets with ultra-tight spreads from 0.0 pips and very high leverage up to 1:5000. There are no hidden fees and funds are held in segregated accounts alongside negative balance protection.

MT4, MT5
Forex, CFDs, Indices, Shares, Commodities, Cryptos
50% deposit bonus up to $10,000
Neteller, Wire Transfer, FasaPay, Skrill, UnionPay
and 6 more
Forex Trading

Buy and sell over 50 currencies with zero pip spreads available via deep liquidity pools. M4Markets offers very low latency with execution speeds averaging 30ms. There are no restrictions on forex trading strategies.

Stock Trading

M4Markets offers trading on US and EU shares, including Amazon, Apple, JP Morgan and Pfizer. Stocks are available as CFDs, meaning you can bet on rising and falling prices. 13 indices are also available, offering diversified access to major global economies.

CFD Trading

M4Markets offers CFD trading on popular asset classes, including stocks, indices, currencies, commodities and cryptocurrencies. Leverage up to 1:5000 is available, which is among the highest of any broker we have evaluated.

Crypto Trading

M4Markets offers crypto CFDs on leading digital tokens like Bitcoin and Ethereum. Clients can go long or short on cryptocurrencies 24/7 using the popular MT4 and MT5 platforms.

Copy Trading

M4Markets clients can use the Copy Trader app to mirror successful trading strategies in their accounts. You can access the social trading feed around the clock and learn from experienced traders and mentors.


  • Best Deposits & Withdrawals Broker, Fazzaco
  • Most Transparent Broker, World Finance Awards
  • Best Trading Conditions Broker Global, International Business Magazine

✓ Pros

  • Low fees with spreads from 0.0 pips and commissions from $0
  • Wide range of payment methods with no deposit or withdrawal fees
  • Access to reliable and powerful trading platforms MT4 and MT5
  • Smooth sign-up process that takes <5 minutes
  • 24/7 customer support available in 10 languages
  • PAMM / MAM account for hands-off trading
  • Accessible starting investment of $5
  • Fast execution speeds of 30ms
  • Regulated by the CySEC

✗ Cons

  • Education trails the best brokers
  • Traders from the US not accepted
  • Slim range of investments

M4Markets is a global CFD broker specialising in trading forex, commodities and indices on MT4 and MT5. The regulated brokerage also offers mobile investing alongside deposit bonuses. Our review covers the registration and login process, withdrawal fees, account options and more. Sign up and start trading today.

M4Markets Details

M4Markets, a trading name of Trinota Markets Global Limited, was established in 2019. The broker offers global services from its head office in the Seychelles and is licensed by the Financial Services Authority (FSA).

2022 also saw M4Markets secure a license from the Cyprus Securities & Exchange Commission (CySEC). This means European traders can sign up and speculate on the broker’s suite of trading instruments. The company behind M4Markets bought CySEC-regulated ICC Intercertus Capital Ltd, which will trade under the name Harindale Ltd, which will operate as M4Markets Europe.

The company strives to provide cutting-edge technology and ultra-fast executions in a fair and safe trading environment.


M4Markets offers the industry-recognised MetaTrader 4 and MetaTrader 5 terminals. You can download both platform options to desktop devices or trade through major web browsers.

MetaTrader 4

Perfect for beginners, the customisable MT4 platform offers:

MetaTrader 5

Aimed at experienced traders, the MT5 platform offers additional analysis and execution tools:


M4Markets offers clients trading opportunities in the following:

M4Markets Fees

The broker provides commission-free trading under the Standard account for forex and commodities. The Raw and Premium accounts are subject to commissions up to $3.50 and $2.50 per side. A small commission is charged for equities trading across all three accounts.

Spreads vary with market conditions. The Standard account offers spreads from 1.1 pips. Both the VIP and Elite accounts offer highly competitive raw spreads from zero pips across forex, commodities and indices.

The broker does charge swap rates for positions held overnight, further details of which can be found on the company website. Non-trading fees such as inactivity charges should also be considered.

Leverage Review

Forex leverage offered by the broker varies by account type. The Standard account offers leverage up to 1:1000. Note this is very high vs other brokers, especially for inexperienced traders. Although high leverage can increase profit potential, it also magnifies losses so ensure you have risk management strategies in place.

The Raw and Premium accounts offer forex leverage up to 1:500. Maximum leverage on commodities and indices is offered at 1:100 across all accounts except the High Leverage account (up to 1:1000 / 1:500).

Mobile Apps

Both MT4 and MT5 are available as mobile applications, compatible with iOS and Android devices. The apps provide real-time quotes, full trading history, and access to all analytical functions so you can trade on the go. The same tight spreads and high leverage ratios are available to mobile traders as they are on the desktop platform. Built-in customer support and the full range of payment options are also available in the mobile apps.

M4Markets MetaTrader 4 mobile trading
MT4 App

M4Markets also introduced a new social trading platform in 2022 – Copy Trader. The easy-to-use social trading application connects aspiring investors with experienced traders. Users can share market insights, swap tips and replicate positions across accounts. The free mobile app is a great tool for amateurs looking to find trading mentors and explore new markets.

M4Markets social trading platform
Copy Trader


Minimum deposit requirements vary by account option, the lowest found with the Standard solution at $5. The broker accepts deposits in all currencies but they must be converted into one of the following; USD, GBP, EUR, JPY, and ZAR.

Payment methods include:

Note, minimum deposit amounts are subject to payment method requirements.


M4Markets does not charge a fee for withdrawals but payments must be processed back to the original deposit method. All withdrawals are subject to a processing time of up to one business day. This is fast and means traders can get hold of profits promptly vs other forex brokers.

Demo Account

The broker offers a demo account on the MT4 platform. Virtual funds, real-time data, and live trading conditions are offered to become familiar with the platform and test strategies risk-free. Registration is required via a simple online form available from the broker’s website.

M4Markets Bonuses

As of 2023, M4Markets promoted a 50% deposit bonus up to $10,000 on all account types except High Leverage account. Traders simply need to deposit using one of the available payment options and the broker will automatically credit accounts with bonus funds. This is a great way to boost trading capital and explore new markets.

Note, always check bonus terms and conditions before signing up.

Regulation Review

M4Markets is regulated as a securities dealer by the Seychelles Financial Services Authority (FSA). The broker’s European trading entity also holds a license with the Cyprus Securities & Exchange Commission (CySEC).

The firm does offer Negative Balance protection, which brings them in line with the likes of the FCA.

Additional Features

The broker offers minimal additional features on its website. There is no education platform or training tools. An economic calendar is, however, integrated with the MetaTrader platforms. An extensive FAQ section is also available covering various topics such as registration and investing queries.

M4Markets news events
M4Markets economic calendar

Trading Accounts

M4Markets offers three different account types. All accounts present low spreads, 0.01 minimum lot trade size, and varying leverage to suit the needs of clients with diverse investment experience. All account currencies use USD, GBP, EUR, JPY, and ZAR.

To open an account, an online form needs to be completed with identity documents and proof of residency to comply with M4Market’s AML and KYC policies.

Opening Hours

M4Markets follows standard office hours and 24-hour trading Monday to Friday. With that said, timings vary by instrument – visit the broker’s website for full details.

Customer Support

The broker offers a range of customer support options available 7 AM – 7 PM GMT:

The website also offers a comprehensive FAQ page.


M4Markets assures a safe and transparent trading environment. Client funds are held in segregated accounts. The broker also offers negative balance protection. Member areas and portal access are password-protected, with email verification steps for live account registration. The MetaTrader platforms also promise high-tech encryptions with secure logins and industry-standard data privacy.

M4Markets Verdict

M4Markets provides investing opportunities across the established MT4 and MT5 platforms. Traders also benefit from low minimum deposit requirements, bonuses and negative balance protection. The only major drawback is the relatively narrow product range. Still, the 1:5000 leverage and $5 Standard account requirement may attract beginners.

Accepted Countries

M4Markets accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use M4Markets from United States, Japan, Cuba, Canada, Iran, Sudan, Cyprus.

Payment Methods

M4Markets Details

Minimum Trade 0.01 Lots
Regulated By FSA, CySEC
Account Types
  • PAMM
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning Yes
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes (APIs)
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
  • Gold
  • Oil
  • Silver

CFD Trading Details

FTSE Spread From 0.01
GBPUSD Spread Raw from 0.0 pips
Oil Spread From 0.01
Stocks Spread N/A
Leverage 1:1000

Forex Trading Details

GBPUSD Spread Raw from 0.0 pips
EURUSD Spread Raw from 0.0 pips
EURGBP Spread Raw from 0.0 pips
Assets 50

Cryptocurrency Trading Details

Crypto Spread From 0.0 pips
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • AXS
  • BTC
  • DASH
  • DOGE
  • DOT
  • ETH
  • ETX
  • LTC
  • NEO
  • OMG
  • QTUM
  • SOL
  • XMR
  • XRP
  • ZEC

Top 3 Alternatives to M4Markets

Compare M4Markets with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of day trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets
  3. ForexChief – ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
    Go to ForexChief

M4Markets Comparison Table

Compare M4Markets With Similar Brokers
M4Markets IG Group Kwakol Markets ForexChief
Rating 3.6 4.4 4.5 3.3
Markets Forex, CFDs, Indices, Shares, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account Yes Yes Yes Yes
Minimum Deposit $5 $0 $1 $10
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus 50% deposit bonus up to $10,000 $100 No Deposit Bonus
Education No Yes No No
Platforms MT4, MT5 MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, AutoChartist MT4, MT5
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:1000 1:1000
Payment Methods 11 6 4 12
Visit Visit Visit Visit
Review IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by M4Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare M4Markets Trading Instruments
M4Markets IG Group Kwakol Markets ForexChief
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes No No
Options No Yes No No
ETFs No Yes No No
Bonds No Yes No No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

M4Markets vs Other Brokers

Compare M4Markets with any other broker by selecting the other broker below.


Customer Reviews

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M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Clients can speculate on popular financial markets with ultra-tight spreads from 0.0 pips and very high leverage up to 1:5000. There are no hidden fees and funds are held in segregated accounts alongside negative balance protection.


Is M4Markets regulated?

Yes, M4Markets is the trading name of Trinota Markets Global Limited, regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA), license SD035. M4Markets is also regulated by the CySEC for European traders.

What are the minimum deposit requirements for an M4Markets live account?

The minimum deposit requirement for the Standard and Dynamic High Leverage account is $5, the Raw Spread account is $500, for the Premium, traders need $10,000.

Does M4Markets offer a demo account?

Yes, a demo account is offered on trading platforms with virtual funds to test strategies risk-free. Head to the M4Markets website to register for a demo account.

What trading platforms does M4Markets offer?

The broker offers the industry-renowned MetaTrader 4 and MetaTrader 5, both available for desktop and mobile trading.

Does M4Markets offer negative balance protection?

Yes, the broker offers negative balance protection for all retail clients.