M4Markets Review 2023 - Verified Customer Reviews

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M4Markets Review

Updated February 17, 2023
Score breakdown
Pricing: 4.6
Regulation: 5
Popularity: 4
User Rating: 0 (0)

M4Markets overall score rank: 16 out of 66

M4 Markets forex broker review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


  • Tight spreads, from 0 pip, low trading commissions
  • Fast execution speeds and low latency times
  • Regulated in the EU and Seychelles
  • High leverage ratio up to 1000:1 (Seychelles only)

Regulations and Money Protection


Entity Name License & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection
Trinota Markets (Global) Limited Seychelles FSA License ✔️
segregated client money
Harindale Ltd Cyprus CySEC License ✔️
up to €20,000


  • Seychelles regulation: Trinota Markets (Global) Limited will be the counterparty for international customers. This entity, trading as M4Markets, is registered in Seychelles as a non-banking financial services company and is regulated by the Financial Services Authority of Seychelles (FSA) with a Securities Dealer License, number SD035.

  • European regulation: Harindale Ltd (also trading as M4Markets) is a company registered as a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license 301/16. Harindale Ltd's CySEC license allows M4Markets to carry out brokerage activities in Europe, as an intermediary in the financial markets, respecting the MiFID obligations.

Client Money Protection

  • M4Markets complies with the highest safety standards for clients' funds and employs strict policies and procedures. For this reason, M4Markets clients' funds are kept in top-tier international banks, fully segregated from the company's funds. M4Markets holds the client's money separately from the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation Scheme

  • Only Harindale Ltd is a member of the Investor Compensation Fund (ICF), a fund for retail clients of CIF firms, regulated by CySEC's directive DI87-07. If Harindale Ltd is unable to meet its obligations, clients might be entitled to compensation (up to the value of €20,000) per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

Negative Balance Protection

  • For customers of Trinota Markets (Global) Limited and Harindale Ltd, there is a default NBP mechanism in place, protecting traders from any losses bigger than their original investments. This means that in case of extreme market volatility, and without an adequate stop loss in place, a losing trading position cannot cause a negative account balance.

Accounts, Instruments and Platforms

Accounts Instruments Platforms Social trading Maximum Leverage
✔️Raw Spreads
✔️Islamic Accounts
✔️MT 4
✔️MT 5
✔️M4M Copytrader 30:1 Europe

1000:1 Rest of World

Account types and currencies

  • M4Markets has three types of trading accounts available; Standard, Raw Spreads and Premium offered with both the MT4 & MT5 trading platforms. M4Markets also offers swap-free accounts for traders of Islamic belief.

  • M4Markets allows for social trading, including copy trading, through the M4M Copytrader platform.

  • M4Markets has PAMM accounts, suitable for money managers.

  • M4Markets' maximum leverage is 30:1 for accounts opened within Europe, and up to 1000:1 for accounts opened globally (subject to the jurisdiction and regional restrictions).

  • Currently, M4Markets trading accounts are available in EUR, GBP, JPY, USD and ZAR.

Financial instruments

Trading with M4Markets can be done via the MetaTrader 4 and the next-gen MetaTrader 5, both available for web browsers, desktop terminals and mobile devices. M4Markets offers an excellent selection of more than 220 financial instruments from 5 asset classes for trading, including forex, indices, stocks, energies and cryptocurrencies.

  • FX market - 50+ currency pairs (including Minor and Exotic crosses).

  • Indices - 13 CFDs of the most popular indices, including US100, DE40, UK100, SWI120 and EU50.

  • Stocks - 140+ stocks CFDs from worldwide top companies and banks, including COMMERZBANK, BNP, TESLA, AMAZON, APPLE, NETFLIX and ZOOM.

  • Commodities - 9 commodities CFDs; 6 metals (Gold and Silver vs USD and EUR included) and 3 energies (UK Oil, US Oil and Nat Gas).

  • Cryptocurrencies - 5 crypto CFDs vs the USD offered, including BTC/USD, ETH/USD and XRP/USD.



Standard Raw Spread Premium
Spread EUR/USD from 1.1 pip from 0.0 pip from 0.0 pip
Commissions (1 lot) ❌*
Shares 0.10%
from 7$*
*Indices, Energies, Cryptos $0
Shares 0.10%
from $5*
*Indices, Energies, Cryptos $0
Shares 0.10%
Minimum Deposit from $5 from $500 from $10,000


M4Markets offers competitively priced accounts, with low spreads and low trading commissions, even asset classes with 0 trading commissions. M4Markets' spreads across the whole range of accounts are variable, starting at 0.0 pip for the Raw Spread and the Premium accounts.

With the Standard account the spread for the most traded pair, the EUR/USD, starts at 1.1 pip and no commissions, and we consider this account to be best suited for traders looking to trade only with the bid/ask prices.

With an M4Markets Raw Spread account the EUR/USD minimum spread is 0.0 pip (typically 0.2 pip) and following an ECN pricing model, there are trading commissions to add. For 1 standard lot (100,000 units) EUR/USD M4Markets charges a trading commission of $7 ($3.5 per side), which we consider to be in line with other top brokers.

The M4Markets Premium account is offered with similar variable spreads and for 1 standard lot (100,000 units) EUR/USD the broker charges a below-average trading commission of $5 ($2.5 per side). The Premium account is recommended for more experienced traders looking for access to deep liquidity, fast executions and competitive pricing.

Rollover Rates

M4Markets swap rates, as of 17-02-2023, for 1 lot EUR/USD (100,000 units) are -11.33 points for holding overnight a long 1 lot contract and +2.42 points for holding overnight a short 1 lot contract. We consider M4Markets swap rates to be average, compared with the rollover rates offered by other top forex brokers.

Deposits/Withdrawals and Other Fees

  • Deposit fees - Trading accounts can be opened in 5 base currencies and maintained via 13 different funding methods, including cards, bank wires and e-payments such as Neteller, Skrill and Sticpay. Deposited funds are available almost instantly and M4Markets does not charge any fees for deposits.

  • Withdrawals fees - Same policy applies for withdrawals (processing times vary from instant to 1 working day). M4Markets does not charge any additional fees for withdrawals, however, withdrawals may incur fees charged by the payment provider, and are not covered by M4Markets. For more information, please visit the M4Markets deposit and withdrawals web page.

  • Inactivity fee - M4Markets does not charge an inactivity fee or any account maintenance fees.



Deposit/Withdrawals Fees Non-expiring demo account Customer
Financial news
Forex calculators
Bank Wire
❌ - after 30 days of inactivity Multi-language
24/5 Support
Live Chat

With its competitively priced range of trading accounts, planned to suit every type of trader and trading strategy (with a highlight for the raw Spread account), the generous 50% credit bonus (up to $10,000 and subject to jurisdiction), together with a complete range of instruments available for trading, M4Markets enjoys good popularity with the trading community. In fact, quite above average.

  • Trading accounts - The M4Markets Raw Spread account is a popular choice with traders looking to save on trading costs, with lower spreads and a competitive commission of $7.00 per lot traded. Extra points for M4Markets' policy of no fees on deposits or withdrawals.

  • Forex education - M4Markets also gets extra popularity points for its great range of forex education materials, available through the "Resources" tab on its website. M4Markets clients can enrol in free trading webinars, learn something new with several ebooks, follow the markets with M4Markets financial news and make informed decisions with the broker's suite of calculators.

Funding Methods Bank Wire, Debit & Credit Cards, China Union Pay, Fasapay, Neteller, Perfect Money, Skrill, PayRedeem, Sticpay, Bitwallet, Pay Retailers, Local Online Banking, Sepaga, Local Depositor
Support Languages English, Chinese (Simplified & Traditional), Vietnamese, Malay, Indonesian, Spanish, Portuguese, Farsi, Arabic, Korean

  • Minimum deposit - Opening a trading account with M4Markets is extremely easy and can be done online, taking around 10 minutes to complete all the required forms. The minimum deposit requirement to open a live account with M4Markets varies, from $5 for the Standard account, $500 for the Raw Spread and $10,000 for the Premium account.

  • Customer support - M4Markets' multi-language customer support service is available 24 hours, 5 days a week, in 10 languages. M4Markets' support is available via phone call, email and live chat directly from the broker's website.

Broker Profile

M4Markets is a multi-regulated global investment services provider providing trading solutions for active day traders, scalpers and beginners. This Cyprus-based broker offers its clients low-cost trading environments with raw spreads starting from 0.0 pips and commissions starting from $0, low latency connectivity and superior liquidity.

M4Markets offers a technologically advanced trading environment with two trading platforms (MT4 & MT5), two copy trading systems and ultra-low latency in execution. Clients can access a wide range of markets, while there is also a wide range of funding methods available.

As a multi-regulated broker, M4Markets also offers fund protection with negative balance protection and safe-keeping client funds in segregated accounts. Financial muscle is also offered by the off-shore entity, Trinota Markets (Global) Limited. This entity is authorized and regulated as a Securities Dealer by the Seychelles Financial Services Authority, with license number SD035.

Overall, on our M4Markets review, the broker scores top marks regarding retail client money safety, for its range of accounts with competitive pricing, and low initial deposit of just $5, merged with an always welcomed 0-fee policy for deposits and withdrawals. Also a positive note for the excellent trading conditions, with fast executions and connection speeds, and a generous bonus of 50% on every deposit (up to a max of $10,000) for clients signing up with the Seychelles FSA-regulated entity.

Data supplied in partnership with CashBackForex - Forex Rebates places M4Markets in the top 10 brokers for popularity with traders opening an account in 2023.

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