M4Markets Broker Review

Written by Richard Perry

Richard Perry

Richard Perry is a recognised expert in technical analysis and market strategy, with significant experience in currency and equity markets. He has set up his own shingle called Perry Market Analysis, providing consultancy analysis of major markets, including research via webinars, videos and written analysis.

, | Updated: January 8, 2026

M4Markets is a global forex and Contract for Difference (CFD) broker offering access to leveraged trading instruments through a multi-jurisdictional regulatory framework to over 35 million users across more than 50 countries. As a co-brand shared by a group of entities, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), and the Dubai Financial Services Authority (DFSA). While the Cyprus-based entity that runs the EU platform traces its corporate registration back to 2016, the global brokerage operations are generally regarded as having been established in 2019.

Building on this multi-layered regulatory foundation, the broker’s core offering centers on pricing precision, access to deep liquidity, and a robust compliance framework. To facilitate trades, the familiar MetaTrader 4 and MetaTrader 5 platforms are available on desktop, web, and mobile under the global FSA-regulated entity. In contrast, cTrader is offered through the DFSA and CySEC entities. This technology suite enables multi-asset portfolio construction under a single roof, with forex, commodities, and indices available for DFSA and CySEC clients. Meanwhile, the FSA-regulated branch has further expanded the product line to include shares and cryptocurrency CFDs.

However, these regional variations extend beyond just product and platform availability to the specific protections provided to traders. From a regulatory standpoint, the CySEC entity provides EU investors with coverage under an investor compensation fund of up to €20,000. In contrast, the Seychelles arm allows for significantly higher leverage, up to 1:1000, but does not provide a statutory compensation regime. This represents a critical trade-off between capital efficiency and security that traders must weigh carefully based on their location and risk profile.

The practical impact of these offerings is reflected in the market’s reception, as feedback from independent review sites paints a broadly positive picture. On Trustpilot, M4Markets holds approximately 4.6 stars out of 5 based on 171 public reviews, as of December 2025. Clients generally praise the broker’s fast order execution and responsive support team, while most critical comments focus on the relatively modest number of shares on offer and occasional delays in KYC approval during peak periods.

In this in-depth review, we put M4Markets under the microscope, assessing its strengths, weaknesses, and overall competitiveness across more than a dozen criteria-from pricing and execution quality to platform choice, funding methods, customer service, and educational support. Our goal is to equip prospective users with balanced, data-driven insights required to judge whether M4Markets suits their individual objectives and risk appetite. Trading leveraged derivatives is inherently high risk and can result in losses exceeding initial deposits. None of the information below constitutes investment advice.

The extremely low $5 entry point to the FSA entity’s Standard account makes M4Markets accessible to beginners who wish to test the waters with limited capital, while the Raw Spread and Premium tiers aim squarely at high-volume traders by offering spreads from 0.0 pips and commissions as low as $3.5 and $2.5 per side. The instrument line-up covers the most heavily traded markets but remains narrower than that of larger multi-asset brokers. Investors seeking exotic stocks or exchange-traded funds will need to look elsewhere. Still, for specialists in major FX pairs, gold, oil, or the main equity indices, the cost structure is competitive.

Key Pros and Cons

If you are looking for a quick snapshot of M4Markets, here are a few key pros and cons of trading with this broker.

Overall, M4Markets combines low-barrier entry with reasonably advanced pricing for higher-tier users, striking a balance that can appeal to both new traders and experienced algorithmic traders. The major strengths lie in consistent execution, transparent raw-spread accounts, and regulatory clarity inside and outside the EU. On the flip side, the product catalog and ancillary services (research, education) lag the market leaders, meaning long-term investors or those seeking broad diversification may find the offer too narrow. Traders who already use MetaTrader and focus on mainstream forex, gold, oil, and a few equity indices are likely to extract the greatest value from the broker.

Company Information

Beyond industry accolades, M4Markets further projects its brand through high-performance associations, most notably as the official partner of the Alpine Endurance Team. In today’s hyper-competitive CFD landscape, the broker’s success depends on its ability to maintain these institutional-grade execution standards while gradually expanding its instrument breadth and educational resources.

To provide a clearer picture of the broker’s operational foundation, we will now examine the corporate structure of these entities in greater detail, including their specific license numbers and registered addresses.

• Trinota Markets (Global) Limited , is regulated by the Seychelles Financial Services Authority (FSA), with office address at JUC Building, Office No.F4, Providence Zone 18, Mahe, Seychelles; License Number SD035.
• Harindale Ltd , is regulated by the Cyprus Securities and Exchange Commission (CySEC), with office address at Spyrou Kyprianou78, MAGNUM BUSINESS CENTER, 3076, Limassol, Cyprus; License Number 301/16.
• Oryx Finance Limited, is regulated by the Dubai Financial Services Authority (DFSA), with registered address at Unit 615, Level 6, Index Tower, DIFC, PO Box 507117, Dubai, DFSA Reference Number: F007051

Why Trade with M4Markets?

With hundreds of CFD brokers crowding the retail space, traders often struggle to distinguish marketing claims from genuine competitive advantages. M4Markets carves out its niche by balancing three main pillars: accessible entry-level capital requirements, institutional-style raw spread execution via MetaTrader, and a multi-entity regulatory framework that offers a choice between high-leverage offshore environments or robust EU protections. This combination is particularly compelling for developing traders seeking low-barrier experimentation as well as professionals requiring cost-efficient scalability.

To put those selling points into context, we have broken the broker’s core offering into eight objective aspects, together with our assessment of what stands out.

Regulation

M4Markets operates through three primary legal vehicles. Harindale Ltd, headquartered in Limassol, Cyprus, is authorised and regulated by the Cyprus Securities and Exchange Commission under licence number 301/16 (issued on 27 April 2016). CySEC falls into the Tier-2 category of regulators, more stringent than purely offshore bodies but a notch below blue-chip authorities such as the UK Financial Conduct Authority or the Australian Securities and Investments Commission.

Under the European Securities and Markets Authority (ESMA) rules, the CySEC entity must provide Negative Balance Protection, restrict retail leverage to 1:30 on major FX pairs, hold client funds in segregated accounts, and contribute to the Investor Compensation Fund, with protection up to €20,000 per eligible client. Professional clients in Europe can opt out of retail protections to access higher leverage but will forgo compensation-fund cover and marketing restrictions.

The group’s global audience is primarily served by Trinota Markets (Global) Limited, which was incorporated in the Republic of Seychelles and regulated by the Financial Services Authority (FSA) under licence SD035, granted in 2019.

While the FSA is categorized as an offshore regulator with less stringent oversight than its Tier-1 counterparts, it provides a flexible environment for experienced traders. Specifically, while the jurisdiction does not mandate statutory investor compensation schemes, it permits significantly higher leverage, up to 1:1000, while maintaining strict client-fund segregation requirements. To mitigate the inherent risks of offshore registration, M4Markets ensures that all client capital is held in segregated accounts at major international banks.

The third entity from the group, Oryx Finance Limited, operates through a license issued by the Dubai Financial Services Authority on May 02, 2023. The company has been authorized to carry on authorised financial services with or for retail clients.

The DFSA generally restricts retail leverage to 1:30 on major FX pairs, and M4Markets adheres to this limitation. The regulator does not operate a compensation protection fund, similar to the UK’s FSCS or EU national schemes. Instead, the DFSA emphasizes prudential safeguards, such as capital adequacy requirements, risk controls, and robust conduct rules, to reduce the likelihood of failures and protect client interests indirectly. Concerning client fund segregation, the DFSA has strict rules, imposing mandatory client fund segregation. In addition, regulated entities must regularly report on client assets and allow supervisory reviews by the DFSA.

M4Markets provides Negative Balance Protection across all entities, albeit via contractual commitment in Seychelles rather than regulatory dictate. The Cyprus branch is also required to file quarterly capital-adequacy reports with CySEC, helping ensure the firm maintains minimum own funds relative to client deposits and market exposure. No disciplinary actions or fines have been published against either licence holder up to the time of writing.

In summary, the regulatory framework is adequate for most retail traders, but risk-averse investors may still prefer brokers with at least one Tier-1 licence. Those opting for the Seychelles entity should be fully aware that they waive access to a statutory compensation scheme and accept higher counterparty-risk exposure.

The table below provides a concise breakdown of M4Markets’ licenses:

KYC Procedure for Account Creation and Depositing

The onboarding process at M4Markets starts with filling in a registration form requiring your name, country of residence, telephone number, and email. Prospective customers should also set a strong password that is a minimum of six characters long and contains at least one uppercase, one lower case latin letter, and one digit. Retail traders should register as Individual clients and confirm they have read and understood the Client Services Agreement and all other necessary contractual documents.

Upon submitting the form, applicants enter a confirmation PIN sent to their registered email address. They are then redirected to the secure Client portal to complete full Know-Your-Customer (KYC) verification, select an account type, and upload identity documents. The portal automatically matches the user to the relevant regulatory entity based on residency, ensuring, for example, that EU residents are routed to the CySEC branch and offered ESMA-compliant leverage options.

Once in the secure Client Portal, traders can proceed with picking their account currency (EUR, USD, GBP, JPY, or ZAR). Going for a demo account first is also an option, with users having to pick between an MT4 or MT5 Demo Account. Next, they should choose an account type – Standard, Premium, or Raw Spread. During setup, traders also select their maximum leverage, with options ranging from 1:1 up to 1:500. They must also set their preferred currency and demo account balance (from $30 to $100,000).

M4Markets adheres to standard document requirements: one government-issued Proof of ID (Passport, National ID card, or Driving License) and one Proof of Address not older than three months (utility bill or bank statement). The broker utilizes an automated verification provider, which means that clear photos or scans are often approved within an hour. However, manual review may extend the process to one business day during peak times or if the submission is unclear.

In addition to Proof of ID and Proof of Address, applicants must also provide the required details to complete their Economic Profile. They should fill in a short appropriateness test covering their employment details, financial details, trading experience, and TIN details, where applicable.

Account Types

M4Markets offers a versatile range of account types tailored to different trading styles and capital levels. Below, we examine the primary offerings available under the broker’s Global and CySEC entities.

Global Entity Account Types

The global entity of M4Markets provides five main account types: Standard, Raw Spread, Premium, Dynamic Leverage, and Cent. While the first three support USD, EUR, ZAR, and JPY, the Dynamic Leverage account is restricted to USD, and the Cent account supports USD and JPY.

The Standard account requires only US $5, but note that this threshold is only eligible in selected payment providers. Typical spreads start from 1.1 pips on EUR/USD, charging no commissions (on forex, metals, energies, indices, and cryptos). Leverage is capped at 1:1000, and the minimum trade volume starts from 0.01 lots. Ideal for beginners, this account offers cost predictability with no commissions and a low entry barrier.

By contrast, the Raw Spread account reduces the minimum EUR/USD spread to 0.0 pips but adds a commission on forex and metals trades of $3.5 per side ($7.00 round-turn) per standard lot. The minimum funding level for this account type starts from $500. The minimum trade size is the same as the Standard account’s. However, leverage is lower, with the cap being on 1:500.

The Premium account requires a US $10,000 minimum deposit. Spreads remain raw (from 0.0 pips), but the commission on forex and metals falls to US $2.5 per side (US $5 round-turn). The maximum allowable leverage here is 1:500. Genuine high-volume traders are likely to recover the higher capital commitment through cost savings from commissions.

The Dynamic Leverage Account is a relatively new account option, offered by M4Markets, enabling traders to maximize their exposure to up to 1:5,000 and optimize their trading performance across various asset classes. Spreads start from 1.6 pips, with the minimum trade size being 0.01 lots. Similar to the Standard Account option, the Dynamic Leverage account charges no commissions.

The Cent Account is perfect for testing strategies in a live environment with minimal risk, as balances are denominated in cents. The trading conditions include a minimum deposit of $5, spreads from 1.6 pips, and leverage up to 1:1000. No commissions are charged across all asset classes.

An Islamic (swap-free) variant is available across all tiers upon request, enabling traders who adhere to Sharia Law to trade without incurring swaps or interest charges on the positions held active overnight.

Last but not least, a Demo Account is available for new traders, enabling them to learn and progress, as well as for experienced traders willing to test a new strategy.

CySEC Entity Account Types

Under the CySEC-regulated entity, traders can choose between Standard, Premium, and VIP accounts. Demo accounts and a specialized Professional tier are also available.

The Standard account serves as the entry-level option with a minimum deposit of €100. Unlike the commission-free structure often found in global entities, this CySEC-regulated account utilizes a raw spread model (from 0.1 pips) plus a commission of $60 per million USD volume on FX, commodities, and indices.

The Premium account tier of the CySEC-regulated entity requires a minimum deposit of €5,000. The pricing model is also based on a spread cost (from 0.1 pips) and a significant reduction in trading costs, with commissions lowered to $40 per million USD volume. Traders can enlarge their exposure up to 1:30. Similar to the other account tiers, the minimum trade size here is 0.01 lots.

The VIP account provides the most competitive pricing for high-volume traders, featuring a commission of just $20 per million USD volume. Additionally, VIP clients receive a complimentary VPS service to support automated trading strategies. Both EUR and USD are available as base currency options across all three account types.

The Professional Account at M4Markets has been designed for experienced traders who must meet two of three specific criteria to be eligible for a professional account status. These include 10 leveraged transactions of significant volume per quarter over the past year, at least one year of trading experience in the financial sector or in a role that requires knowledge of CFDs, and a financial instruments portfolio exceeding €500,000.

Trading Fees and Other Costs

M4Markets follows a fully transparent pricing model across all account types. When evaluating whether M4Markets offers competitive trading conditions, traders should bear in mind two main types of costs:

• Trading costs – spreads, commissions, and overnight financing rates;
• Non-trading costs – account management fees, deposit and withdrawal fees, non-activity fees.

Let us now examine the trading and non-trading fees that are available at M4Markets.

Spreads

M4Markets structures its trading fees around the chosen account type. On the commission-free Standard account, wider spreads compensate for the absence of commission charges. Typical costs hover around 1.1 pips on EUR/USD during London–New York overlap hours, which sits in the mid-range compared with similarly structured competitors. By contrast, Raw Spread and Premium accounts reduce the bid-ask spread to near-interbank levels and add a commission, making effective costs more transparent and usually lower for active traders.

M4Markets offers the following spreads and commissions across its main account types as follows:

• Standard (global entity): Spreads from 1.1 pips + no commission
• Raw Spread (global entity): Spreads from 0.0 pips + a $3.5 commission per side on forex and metals
• Premium (global entity): Spreads from 0.0 pips + a commission of $2.5 per side on forex and metals
• Dynamic Leverage (global entity): Spreads from 1.6 pips + no commission
• Cent (global entity): Spreads from 1.6 pips + no commission
• Standard (CySEC entity): Spreads from 0.1 pips + a commission of $60 per million USD volume on forex, commodities, and indices
• Premium (CySEC entity): Spreads from 0.1 pips + a commission of $40 per million USD volume on forex, commodities, and indices
• VIP (CySEC entity): Spreads from 0.1 pips + a commission of $20 per million USD volume on forex, commodities, and indices

The table below offers a comprehensive overview of average spread costs for seven popular forex pairs across the broker’s main account types, under both the global FSA-regulated entity and the CySEC-regulated entity.

To illustrate real-world impact, consider a trader opening and closing one standard lot (100,000 units) of EUR/USD on the FSA-regulated Standard, Raw Spread, and Premium accounts. Let us assume that the trade is opened and closed at the same price, where one pip movement is equal to $10. As we pointed out in the table above, the average EUR/USD spread for the Standard account is 1.6 pips, and for the Raw Spread and Premium accounts is 0.4 pips. While the Standard account does not charge a commission, the Raw Spread account entails a commission of $3.5 per side, and the Premium account entails a commission of $2.5 per side. Let us calculate the trading costs associated with these three accounts.

Standard Account

• Spread – 1.6 pip
• TOTAL COST – 1.6 x $10 = $16.00 per side and $32.00 per round-turn

Raw Spread Account

• Spread – 0.4 pips
• Spread cost – 0.4 x $10 = $4.00 per side and $8 per round turn
• Commission – $3.5 per side and $7 per round turn
• TOTAL COST – (2x$4.00) + (2x$3.50) = $15.00 per round turn

Premium Account

• Spread – 0.4 pips
• Spread cost – 0.4 x $10 = $4.00 per side and $8.00 per round-turn
• Commission – $2.5 per side and $5.00 per round-turn
• TOTAL COST – (2x$4.00) + (2x$2.50) = $13.00 per round turn

M4Markets’ Premium account provides the most competitive pricing among the three account types. Opening and closing one standard lot of EUR/USD on a Premium account costs $13.00 ($8 spread + $5 commission), compared with $32.00 on the Standard account and $15.00 on the Raw Spread account. However, as we have already pointed out, the Premium account requires the highest minimum deposit of all three accounts.

Let us now compare M4Markets’ average Standard account spreads (FSA-regulated entity) with other similarly structured accounts of major forex brokers:

While M4Markets may offer other advantages such as account features, execution quality, or regulatory coverage, its Standard account is less competitive in terms of spread costs compared with these major peers. Traders prioritizing tight spreads may find the other account types supported by the broker more cost-effective.

Commissions

M4Markets operates a tiered pricing model where commissions vary based on the selected account type. Under the FSA-regulated entity, no commissions are charged on Standard, Dynamic Leverage, and Cent accounts, as trading costs are fully integrated into the spread. Conversely, the Raw Spread and Premium tiers offer direct market access with raw spreads, accompanied by a fixed commission per lot as follows:

The Raw Spread account charges a commission of $3.50 per side ($7.00 per round-turn) on forex and metals. Based on trading volume, the costs are:

This means that:

• Standard lot (100,000 units): $7.00 commission to open and close the position.
• Mini lot (10,000 units): $0.70 commission to open and close the position.
• Micro lot (1,000 units): $0.07 commission to open and close the position.

The Premium account offers a reduced rate of $2.50 per side ($5.00 per round-turn) on forex and metals. The associated costs include:

This means that:

• Standard lot (100,000 units): $5.00 commission to open and close the position.
• Mini lot (10,000 units): $0.50 to open and close the position.
• Micro lot (1,000 units): $0.05 to open and close the position.

As for the CySEC entity, all account types incur commissions: $60 per million USD volume(Standard), $40 per million USD volume (Premium), and $20 per million USD volume (VIP) on forex, commodities, and indices.

Financing Charges

M4Markets applies overnight funding charges, or swaps, to positions held open beyond the daily market close. These rates are based on the interest rate differentials between the two currencies in a pair and can result in either a credit or a debit to the trader’s account. Swap values are quoted in points and are automatically converted into the account’s base currency within the MT4/MT5 platforms. To account for weekend market closures, a triple swap rate is charged on Wednesday nights for forex and metals.

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, and for forex minors and metals, it is five days. Note that there are specific symbols which are exempt from wap-free conditions. These include nearly 20 forex pairs, Platinum (XPTUSD), Palladium (XPDUSD, as well as all energies, indices, shares, and cryptos. The full range can be found on the M4Markets page dedicated to Swap-Free accounts.

Deposit Fees

M4Markets offers a versatile range of online payment solutions designed for security and speed, including global bank wires, credit/debit cards, e-wallets (such as Skrill and Neteller), and various local online banking options tailored to specific regions.

The broker maintains a transparent fee policy with zero internal deposit fees. For specific details regarding minimum deposit requirements for each account tier, supported base currencies, and a full list of regional payment providers, please refer to our dedicated Deposit Methods section.

Withdrawal Fees

M4Markets supports the same extensive range of payment methods for outgoing transactions, including bank wires, cards, and e-wallets. To minimize trader expenses, the broker charges no internal fees on withdrawals, ensuring that profits can be accessed cost-effectively.

In accordance with regulatory anti-money laundering (AML) standards, funds must typically be withdrawn using the same method used for the initial deposit. While M4Markets processes requests promptly, often within one business day, external factors such as intermediary bank procedures or regional holiday schedules may influence the final receipt time of the funds.

For specific details regarding minimum withdrawal amounts and a full list of regional payment providers, please refer to our dedicated Withdrawal Methods section.

Inactivity Fees

Accounts with no trading activity for a continuous period of at least three months are classified as dormant and may be subject to inactivity fees. As outlined in the Costs and Charges Policy of M4Markets, the broker reserves the right to apply a fixed monthly administration fee of 40 units of the account’s base currency, provided sufficient funds are available. Alternatively, the Company may charge a lower amount or close the account unilaterally.

Overall on Fees

M4Markets offers a versatile range of account types designed to suit traders of all experience levels, with trading fees tailored to different budgets and preferences through both spread-based and commission-based pricing structures. In terms of non-trading fees, the broker does not charge for deposits or withdrawals. However, inactivity fees apply to dormant accounts, which are subject to a monthly administration charge after 3 months of no trading activity.

Desktop Trading Platforms

M4Markets’ FSA-regulated entity relies on the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. By contrast, the CySEC- and DFSA-regulated entities make use of cTrader, leveraging its advanced functionalities. The following section takes a closer look at the key platform features M4Markets employs to support a seamless trading experience for its clients.

MetaTrader 4

M4Markets’ FSA-regulated entity supports the widely used MetaTrader 4 (MT4) platform, which is purpose-built for forex and CFD trading. The platform is suitable for both beginner and experienced traders, offering a robust set of analytical tools and advanced trading features. Opening a live MT4 account is quick and straightforward, and traders can also opt for a demo account to explore the platform in a risk-free environment.

Benefits and features

• Nine timeframes, 30 built-in technical indicators, and 31 analytical objects
• Four pending order types
• MT4 is available in over 40 languages.
• Accessible on Windows, macOS, Android, and via web browser
• Comprehensive MT4 user manual available for download from the broker’s website

MetaTrader 5

M4Markets offers the MetaTrader 5 (MT5) platform, providing a technologically advanced trading experience for both novice and professional investors. This multi-asset terminal expands beyond traditional forex to include CFDs on shares, indices, commodities, and cryptocurrencies. Key features include an upgraded interface with 21 timeframes, over 38 built-in technical indicators, and an integrated economic calendar for fundamental analysis. The platform supports advanced execution modes, including hedging and netting, along with six types of pending orders. Traders benefit from M4Markets’ ultra-low latency, one-click trading, and the ability to automate strategies using the powerful MQL5 programming language for Expert Advisors.

Benefits and features

• 21 timeframes, 44 analytical objects, 38 built-in indicators, 6 pending order types
• Integrated Economic Calendar, deeper DOM analysis, and support for a more versatile range of instruments
• A multi-thread strategy tester
• Customizable alert system and embedded MQL5. Community Chat
• Accessible on Windows, MacOS, Android, and via web browser
• Support for EAs, Forex Signals, and Copy Trading

MetaTrader WebTrader

M4Markets’ MT4 and MT5 WebTrader platforms provide a seamless, browser-based gateway to global financial markets, eliminating the need for software downloads or installations. These web-accessible terminals offer the same robust performance as their desktop counterparts, ensuring high-speed execution and real-time market access across all operating systems. Designed for flexibility, the WebTrader allows investors to manage their portfolios securely from any device with an internet connection. By combining a user-friendly interface with advanced charting capabilities and analytical tools, M4Markets ensures that traders can respond to market volatility instantly while maintaining a professional and synchronized trading environment.

Benefits and features

• Full compatibility with Windows, Mac, and Linux systems.
• One-click trading and advanced technical analysis tools.
• Secure, encrypted data transmission for account safety.
• Real-time price quotes and history synchronization.
• No download required, accessible via any web browser.

cTrader

M4Markets has significantly bolstered its technological suite by integrating cTrader, an industry-leading platform renowned for its sophisticated charting tools and ECN-style execution. This strategic addition provides traders with a transparent and high-performance environment, featuring Level II pricing and ultra-fast order processing. Notably, cTrader serves as the exclusive platform supported by the broker’s entities regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Dubai Financial Services Authority (DFSA). By centralizing their regulated European and Middle Eastern operations on this advanced interface, M4Markets ensures that clients benefit from a robust, secure, and intuitive trading experience tailored to institutional-grade standards.

Benefits and features

• The only platform supported by M4Markets’ CySEC and DFSA-regulated entities.
• Direct market access with Level II pricing and ECN-style transparency.
• Advanced technical analysis tools with customizable chart types and indicators.
• High-speed order execution designed to minimize slippage for active traders.
• An intuitive, modern interface that simplifies complex trading operations.

Mobile Trading Platforms

M4Markets does not provide a proprietary trading platform, relying instead on industry-leading third-party solutions. As far as mobile trading is concerned, clients registered under the FSA-regulated entity can utilize the standard MetaTrader 4 and MetaTrader 5 mobile apps, available free on both the Apple App Store and Google Play Store. Meanwhile, traders operating under the Cyprus (CySEC) or Dubai (DFSA) jurisdictions utilize the cTrader mobile application, known for its sleek interface and advanced ECN trading capabilities.

The table below provides a detailed comparison of the features available across the MetaTrader and cTrader mobile applications:

Trading Instruments

M4Markets offers a focused yet sufficiently diverse instrument catalog for the most active CFD traders. The broker quotes nearly 50 currency pairs, covering majors, minors, and a few exotics such as USD/TRY and EUR/ZAR. In the metals space, traders can access gold, silver, platinum, and palladium against USD, while energy coverage includes US Crude (WTI) and UK Brent oil. Index CFDs span the key global benchmarks-US30, US500, NAS100, DE40, UK100, JP225, and a selection of Asian and European mid-caps.

Traders registered under the FSA-regulated entity also have access to share and crypto CFDs. Equity traders have access to approximately 130 share CFDs, primarily large-cap US names such as Apple, Tesla, and Microsoft, complemented by a selection of prominent European and British blue-chip stocks, alongside a select range of major European and British equities. Crypto CFDs round out the list with Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, tradable 24/7 except during brief maintenance windows.

Forex

The nearly 50-pair line-up provides ample cross combinations for both major and minor currencies, including Nordic and Eastern-European crosses like EUR/SEK and EUR/PLN. Spreads remain tight across the board, with majors going as low as 0.1 pips on Raw and Premium accounts during peak liquidity.

Leverage ranges between 1:50 and 1:1000 depending on the currency pair under the Seychelles licence and between 1:20 and 1:30 under the CySEC and DFSA licenses.

Commodities

When trading commodity CFDs, you are speculating on price movements rather than owning the underlying asset, taking positions based on expectations of global supply and demand dynamics. M4Markets offers some of the most highly traded commodities, which include Gold, Silver, Platinum, Palladium, Natural Gas, Brent Crude Oil (UKOIL), and WTI Oil (USOIL). All precious metals, including gold, silver, platinum, and palladium, are traded against the US dollar, with gold additionally available for trading against the euro. Agricultural products such as coffee or soybeans are not currently available, potentially pushing macro-oriented traders toward competitors with broader futures baskets.

Leverage for commodities is capped at 1:200 for gold and 1:100 for silver, USOIL, UKOIL, and Natural Gas under the FSA-regulated entity. Under the CySEC-regulated entity, the limits are lower: 1:20 for gold and 1:10 for all other supported commodities.

Indices

Thirteen global equity indices cover the United States, Europe, and Asia-Pacific. Some of the supported instruments under this asset class include AUS200, DE30, UK100, JP225, and HK50. Contract sizes follow industry norms (1 contract = $1 per index point on US500), which simplifies risk management. Weekend trading is not offered, so exposure must be managed around official market hours.

Traders under the FSA-regulated entity can access leverage of up to 1:100 on all indices, except for HK50, which is capped at 1:50. For the EU (CySEC) entity, leverage is limited to 1:20 on indices such as AUS200, DE30, and JP225, and 1:10 on indices including ES35, HK50, and INDIA50.<

Share CFDs

Under the FSA-regulated entity, M4Markets offers a decent range of share CFDs, focusing on leading US, UK, and EU stocks like Apple, Microsoft, Alibaba, and others, totaling over 130 instruments. These CFDs enable traders to speculate on price movements without owning underlying shares, available primarily on the MT5 platform under the FSA entity.

Leverage for share CFDs is capped at 1:10. Spreads remain competitive with low minimum lot sizes (0.01).

Cryptocurrencies

Crypto traders can speculate on fifteen coins with up to 1:33 leverage under the FSA entity. Some of the most popular instruments under this category include BTCUSD, ETHUSD, and LTCUSD. Spreads are competitive, and M4Markets charges no commissions on crypto across all account types, including Standard, Raw, Premium, Dynamic Leverage, and Cent.

What You Cannot Trade

• Exchange-traded funds (ETFs)
• Bonds or interest-rate futures
• Options or listed derivatives
• Physical equities for buy-and-hold investing

Trade Execution

Trinota Markets (Global) Limited, the FSA-regulated entity of the broker, operates through a fully automated No Dealing Desk (NDD) execution model, routing client orders directly to a pool of liquidity providers that reportedly includes tier-one banks and non-bank market makers. Internal latency tests conducted by the broker show a minimum execution speed of 30 milliseconds.

Under M4Markets’ CySEC entity, a VPS service is offered. It is free for clients maintaining a balance of $5,000 or achieving a monthly trading volume of 15 lots. Accounts below these thresholds can access the service for a monthly fee of $30. This setup is especially advantageous for algorithmic traders and those using systematic trading strategies that require consistent execution.

M4Markets maintains a structured process for addressing client grievances through its Compliance Department. Clients are initially encouraged to resolve issues via Customer Support (email or live chat). If the initial outcome is unsatisfactory, they can formally escalate the matter by submitting a Complaint Form to compliance@m4markets.com (FSA entity) and complaints@m4markets.eu (CySEC entity). The broker acknowledges formal complaints within seven business days (under FSA) and five business days (under CySEC).

The FSA entity provides a final response typically within 30 days, though complex cases may extend to a maximum of 60 business days. If a resolution isn’t reached, clients may refer the case to the Financial Services Authority (FSA) in Seychelles. If clients registered under the CySEC entity are not satisfied with the broker’s assessment and decision, they can refer their complaint to the Financial Ombudsman, provided specific conditions are met. For further information, refer to the relevant Complaints Handling Policy documents.

Deposit Methods

M4Markets’ Seychelles entity supports account currencies in USD, EUR, ZAR, and JPY, allowing many users to fund in their domestic denomination and avoid FX conversion fees. Deposits can be made via bank wire, Visa, Mastercard, Maestro, Skrill, Neteller, Local Online Banking, SticPay, UnionPay, and an increasingly popular crypto gateway (BTC, ETH, USDT). Minimum deposit amounts vary by channel: $5 for cards and e-wallets on the Standard account, US $50 via crypto and bank transfer. Premium-tier minimums override these channels, mandating the higher US $10,000 total.

Funding is fee-free on the broker’s side. Instant processing is available for e-wallets and cards. Crypto deposits are credited after one blockchain confirmation (usually within 10–30 minutes). Bank wires may take 1–3 business days, depending on the sender’s bank. The table below provides information on all supported methods, along with the minimum required amounts and the processing time.

For the broker’s CySEC entity, several additional local payment methods are available, including Sepaga, iDEAL, Przelewy24, GiroPay, Klarna, Rapid Transfers, Paysafecard, and Blik. Except for Sepaga, which has a minimum deposit of $50, all other methods require a minimum of $5. Sepaga payments are processed within 1–3 business days, GiroPay within one business day, and all other methods are instant.

Withdrawal Methods

Withdrawals must be made to the original funding source in line with anti-money-laundering regulations. Card withdrawals are processed as refunds up to the total deposited amount, with profits sent via bank wire or selected e-wallet. Internal processing times average 24 hours on business days. The broker does not charge withdrawal fees, but external banking or blockchain fees apply, particularly on SWIFT wires.

E-wallet withdrawals (Skrill, Neteller, Sticpay, etc.) and Bitwallet withdrawals reach the client account almost instantly once processed. Bank-wire, Visa, and Mastercard withdrawals generally arrive within 1–5 working days. Transactions via Local Online Banking, UnionPay, Local Depositor, Boleto Rapido, and PIX are processed within one business day. The minimum withdrawal is $10 for e-wallets and $50 for bank wires, Visa, and Mastercard. Crypto withdrawals require network confirmation and carry variable miner fees that the client pays.

Customer Support

M4Markets operates a 24/5 multilingual support desk via live chat, a Callback request form, email, and telephone.

1. Live-chat response times averaged under one minute during our testing across four different time zones, with agents providing clear, technically sound answers.
2. A dedicated phone number is available (+248 463 2013), which clients can use to get in touch with a support agent instantly.
3. Meanwhile, the Callback request form requires filling in specific information, including name, email, contact number, country of residence, reason for callback, and preferred time to get in touch.
4. Email queries receive acknowledgment instantly and substantive replies within two working hours on average.
5. Additionally, the broker’s FAQ section contains around 60 articles covering platform installation, funding procedures, and basic trading concepts. While the content is concise and navigable, it lacks the multimedia flair (screenshots, video walkthroughs) found at larger competitors.

Research and Educational Materials

M4Markets offers several tools and resources, which both new and experienced traders will find useful. Generally, they include the following:

• Economic Calendar
• Forex Calculators
• Trading eBooks
• Glossary
• Video Courses
• Newsfeed
• Podcasts

Research

M4Markets’ Economic Calendar provides access to over 1,000 key economic events from 55 countries worldwide, covering major indicators like GDP, interest rates, and employment data. It categorizes events by impact level (low, medium, high) with concise descriptions, forecasts, actual results, and historical outcomes to aid trading decisions. Integrated into MT4/MT5 platforms, it supports filtering by asset impact, on-chart events, and reminders for volatility preparation.

Under the ‘Forex Calculators’ section, traders will find five types of handy tools, including Currency Converter, Margin Calculator, Pip Calculator, Swaps Calculator, and Profit and Loss Calculator.

Education

The educational centre houses seven eBooks dedicated to Forex, Trading Commodities, CFDs, Trading Psychology, Fundamental Analysis, Technical Analysis, and Trading Strategies. The Glossary provides concise definitions of the concepts, indicators, and market mechanisms, organized in alphabetical order. The broker’s Video Library spans various courses designed for beginner and expert traders. Traders can explore markets, trading, and key terminology in one place through the News Feed section, delivering timely explanations, real user insights, and platform highlights to help traders of all levels stay informed and trade with confidence. Each episode under the Podcast section explores essential topics, from market analysis and trading strategies to innovation, regulation, and investor education, offering insights designed to inform, inspire, and support traders at every stage in today’s fast-moving financial markets.

Security and Money Guarantees

Client funds are held in segregated trust accounts separate from the broker’s own operating capital, meeting CySEC and FSA requirements. EU retail clients benefit from the Investor Compensation Fund, which can reimburse up to €20,000 per qualified claimant if the firm defaults.

Negative-balance protection applies across all entities, contractually limiting losses to the deposited amount.

No public security breaches or data-leak incidents have been reported. However, offshore clients lack access to a statutory compensation scheme, and the broker does not carry excess-loss insurance.

Conclusion

M4Markets distinguishes itself by pairing accessible entry requirements with institutional-grade pricing through its MetaTrader and cTrader ecosystems. The broker’s account tiers are thoughtfully structured to accommodate a broad spectrum of market participants, though the platform is arguably most effective for high-frequency forex and gold traders. These clients benefit significantly from ultra-low round-turn costs, rapid execution speeds, and the flexibility of high leverage offered under its offshore regulatory framework.

While the core trading environment is robust, there remains room for expansion in instrument depth, specifically regarding a wider selection of global Equities and ETFs. Additionally, intermediate and advanced traders would benefit from a more comprehensive suite of proprietary research and educational resources.

However, when evaluating the total offering-tight raw spreads, a reliable “Zero Fees” funding policy, and prompt withdrawal processing, M4Markets emerges as a highly competitive choice for cost-conscious retail traders who prioritize technical performance and regulatory transparency.

Written by R. Perry