| Updated: M4Markets is a premier multi-asset broker providing institutional-grade liquidity and execution to a global clientele. To ensure a secure and compliant trading environment, the group maintains a robust regulatory framework with oversight from the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), and the Financial Services Authority of Seychelles (FSA).
The scope of tradable instruments is strategically tiered across these jurisdictions to align with regional regulatory standards. Clients under the FSA (Global) entity have access to the full suite of nearly 250 instruments across five asset classes: forex, commodities, indices, stocks, and cryptocurrencies. Trading for CySEC and DFSA (EU/Middle East) clients is focused on core liquid markets, including forex, commodities, and indices, adhering to stricter retail investor protection mandates.
All instruments are delivered via Contracts for Difference (CFDs) across a range of account types designed for different trading styles. These range from entry-level commission-free structures to professional-grade raw spread environments. The following sections provide a detailed analysis of the spreads, commissions, and non-trading fees associated with each.
M4Markets Trading Costs
M4Markets offers a diverse range of account types under its FSA-regulated (Seychelles) entity, catering to a wide spectrum of trading capital and strategy requirements. Entry-level traders can access the Standard and Cent accounts with a minimum deposit of only $5, featuring commission-free trading with spreads starting from 1.1 pips and leverage up to 1:1000. For high-volume and professional traders, the Raw Spread account requires a $500 deposit and offers institutional-grade spreads from 0.0 pips with a $3.50 per side commission, while the top-tier Premium account reduces commissions to $2.50 per side for those depositing $10,000 or more. Additionally, the specialized Dynamic Leverage account provides responsive leverage up to 1:5000 that automatically adjusts based on trade volume, designed for advanced capital efficiency.
In contrast, the CySEC-regulated (Cyprus) entity provides a more streamlined account structure focused on European retail and professional standards. Retail traders can choose between Standard, Premium, and VIP accounts, with minimum deposit requirements starting at €100 for Standard and scaling up to €5,000 for Premium and €10,000 for VIP. Under CySEC mandates, leverage is strictly capped at 1:30 for retail clients across all accounts to ensure investor protection. While spreads across these accounts can start as low as 0.1 pips, the primary differentiation lies in the commission structure, with the VIP account offering the most competitive rates at $20 per million USD volume compared to the $60 charged on the Standard tier and the $40 charged on the Premium tier.
The DFSA-regulated entity operates under a framework that largely aligns with CySEC’s regulatory standards, offering an identical selection of account types, minimum deposit thresholds, and core trading conditions. This consistency ensures that clients within the Middle East and Europe benefit from a standardized high-protection environment, particularly regarding retail leverage limits and margin requirements.
For the purposes of the current cost analysis, we will consider in detail the trading costs associated with M4Markets’ Standard and Raw Spread accounts, available under the FSA-regulated entity.
M4Markets Forex Trading Costs with Standard Accounts
M4Markets’ Standard account offers a minimum deposit threshold of $5 and a minimum trade volume of 0.01 lots, making it ideal for beginner traders looking for accessible trading conditions. This account type uses a spread-only pricing model, where all trading costs are factored into the spread with no additional commissions. The maximum allowable leverage under the Seychelles entity is 1:1000.
To demonstrate the trading expenses in a practical scenario, consider a position on the liquid EUR/USD pair featuring an average standard spread of 1.6 pips. When trading a standard lot (100,000 units), the value of each pip is $10, meaning the cost to open the trade is $16.00, or $32.00 for a complete round-trip (opening and closing). For those utilizing micro lots, the minimum trade size of 0.01 lot (1,000 units) reduces the pip value to $0.16. In this case, the 1.6 pip spread results in an entry cost of $0.16, totaling $0.32 for a full round-trip trade.
| Average Spread Costs for Standard Accounts at M4Markets | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 1.6 | $0 | $0.1600 | $16.00 |
| USD/JPY | 2.25 | $0 | $0.1438 | $14.38 |
| EUR/GBP | 2.3 | $0 | $0.3109 | $31.09 |
| GBP/USD | 1.9 | $0 | $0.1900 | $19.00 |
| AUD/USD | 1.8 | $0 | $0.1800 | $18.00 |
| USD/CAD | 1.8 | $0 | $0.1307 | $13.07 |
| USD/CHF | 2.1 | $0 | $0.2648 | $26.48 |
| USD/CNH | 4.7 | $0 | $0.0673 | $6.73 |
| NZD/USD | 1.8 | $0 | $0.1800 | $18.00 |
*For simplicity purposes, average costs were calculated for $100,000 and $1,000 trades without leverage. All spread costs are listed in US dollars and reflect your expenses upon opening a position (i.e., a single direction of a trade).
M4Markets Forex Trading Costs with Raw Spread Account
M4Markets’ Raw Spread account requires a minimum deposit of $500 and shares the same minimum trade volume as the Standard account at 0.01 lots. This account utilizes a combination of raw market spreads and a fixed commission. Spreads with this account can drop to 0.0 pips, while the commission on forex and metals is set at $3.50 per side ($7.00 per round-trip).
To work out the total cost for an equivalent EUR/USD trade on the Raw Spread account, we must combine the spread and the commission. For a standard lot (100,000 base currency units), a 0.4 pip spread equates to $4.00 spread costs per side. When the $3.50 commission is added, the total trading cost per side is $7.50, or $15.00 per round-trip. This totals a significant saving compared to the $32.00 total cost on the Standard account for identical volume.
Trading with micro lots follows a proportional fee structure. For a minimum order of 0.01 lot, the commission is scaled down to $0.035. Assuming the 0.4 pip spread remains constant, the total spread cost for a complete round-trip trade on a micro lot is $0.08. When combined with the round-trip commission of $0.07, the total trading costs equal $0.15.
| Average Spread Costs for Raw Accounts at M4Markets | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission per Side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.4 | $3.50 / $0.035* | $0.0750 | $7.50 |
| USD/JPY | 0.65 | $3.50 / $0.035 | $0.0765 | $7.65 |
| EUR/GBP | 1.1 | $3.50 / $0.035 | $0.1835 | $18.35 |
| GBP/USD | 0.7 | $3.50 / $0.035 | $0.1050 | $10.50 |
| AUD/USD | 0.6 | $3.50 / $0.035 | $0.0950 | $9.50 |
| USD/CAD | 0.6 | $3.50 / $0.035 | $0.0784 | $7.84 |
| USD/CHF | 0.9 | $3.50 / $0.035 | $0.1481 | $14.81 |
| USD/CNH | 3.4 | $3.50 / $0.035 | $0.0836 | $8.36 |
| NZD/USD | 0.6 | $3.50 / $0.035 | $0.0950 | $9.50 |
*The second value corresponds to the commission charged per micro lot each way. The cost per lot includes the combined spread and commission expenses.
Overnight Funding Costs at M4Markets
In the foreign exchange market, a swap rate, also known as a rollover fee or overnight interest, refers to the cost or credit associated with holding a trading position open beyond the daily market close. Since currencies are traded in pairs, you are effectively borrowing one currency to purchase another. The swap is calculated based on the interest rate differential between the two central banks. Depending on whether your position is long or short and the current interest rate environment, this can result in either a daily deduction from your account or a positive interest credit.
M4Markets maintains a transparent and competitive swap policy, with rates quoted in points and automatically converted into the account’s base currency. For major pairs like EUR/USD or GBP/USD, the broker applies market-standard rates derived from institutional liquidity providers. Traders can view these live rates directly within the MT4/MT5 Market Watch section by selecting “Specification” for the relevant instrument.
A critical aspect of the M4Markets policy is the application of triple swap rates to account for weekend market closures. For forex and metals, the triple rate is applied on Wednesday nights, while for indices and cryptocurrencies, it is typically charged on Fridays. It is important to note that the rates displayed in the broker’s official swap tables are indicative and reflect the most current market data available. These rates are subject to change to reflect real-time market volatility.
| M4Markets Swap Rates on Popular Forex Pairs (standard lot size) | ||||
|---|---|---|---|---|
| Forex Pair | Base Currency | Volume in Lots | Long Swaps (in points) | Short Swaps (in points) |
| EUR/USD | USD | 1 | -12.25 | 3.34 |
| USD/JPY | USD | 1 | 8.47 | -24.04 |
| EUR/GBP | USD | 1 | -10.46 | 2.37 |
| GBP/USD | USD | 1 | -1.7 | -3.06 |
| AUD/USD | USD | 1 | -1.73 | -0.61 |
| USD/CAD | USD | 1 | 3.51 | -13.02 |
| USD/CHF | USD | 1 | 5.19 | -15.95 |
| USD/CNH | USD | 1 | 31.95 | -165.22 |
| NZD/USD | USD | 1 | -3.73 | 0.52 |
*Swap rates are indicative and subject to change.
Swap-Free Trading Costs at M4Markets
Designed to align with the ethical and religious requirements of Sharia-compliant trading, M4Markets offers a specialized Islamic account environment. This structure ensures that Muslim traders can access global financial markets without compromising their principles, providing a seamless balance between religious compliance and professional performance. These accounts provide identical execution quality with an average speed of 30 ms and are specifically optimized for use on the sophisticated cTrader platform within CySEC and DFSA jurisdictions.
Islamic accounts incur no swaps but are charged a fixed administration fee if a position is held beyond a predefined grace period. The swap-free period for forex majors is seven days, while for forex minors and metals, it is limited to five days. It is important to note that there are specific symbols that are exempt from swap-free conditions entirely. These exemptions include nearly 20 forex pairs, Platinum (XPTUSD), and Palladium (XPDUSD), as well as all energies, indices, shares, and cryptos. For traders requiring the full list of excluded instruments and detailed fee structures, the complete range can be found on the M4Markets page dedicated to Swap-Free accounts.
M4Markets Non-Trading Costs
Non-trading fees at M4Markets are structured to support an affordable and transparent trading environment, with no costs associated with account opening services or standard deposit and withdrawal transactions.
However, clients should remain mindful of maintenance-related charges, such as inactivity fees and specialized VPS hosting costs. A monthly charge of 40 currency units is applied to accounts that remain dormant without any trading activity for three consecutive months. The broker offers a VPS hosting fee for traders who maintain an account balance of $5,000 or whose monthly trading volume exceeds 15 lots. A monthly VPS hosting fee of $30 applies to accounts that do not comply with these conditions.
| M4Markets Non-Trading Costs at a Glance | |
|---|---|
| Deposit Fees | No internal deposit fees |
| Withdrawal Fees | No internal withdrawal fees |
| Account Opening Fees | None |
| Inactivity Fees | A monthly inactivity fee of 40 currency units is applied to accounts that remain without any trading activity for three consecutive months. |
| VPS Hosting |
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Closing Thoughts on M4Markets Fees
M4Markets establishes a competitive trading environment by balancing high-speed execution with a transparent, tiered cost structure. By offering both commission-free accounts for retail beginners and raw-spread environments for professionals, the broker effectively caters to diverse capital requirements across its CySEC, DFSA, and FSA entities. While trading costs are significantly reduced for high-volume users, the broker maintains accessibility through low minimum deposits and a zero-fee funding policy.
Ultimately, M4Markets is a robust choice for cost-conscious traders. Its clear disclosure of swap-free account conditions, inactivity fees, and performance-based VPS hosting ensures that clients can manage their portfolios with full financial predictability.
