Independent rating of Forex broker M4Markets

About company. Security

M4Markets (Trinota Markets Global Limited) is a CFD broker, offering foreign exchange, commodities, and indices trading. M4Markets was established in 2019. The main office is located in Seychelles. The company is regulated by the Financial Services Authority of Seychelles (FSA). The broker assures customers that their funds are stored in segregated accounts, providing protection against a negative balance.

Trading conditions

M4Markets offers its clients low spreads from 0.0 pip and zero commission. Spreads are variable and prices depend on a large pool of liquidity. The broker offers seamless ultra-fast order execution without any requotes and rejections.

Clients can use both MT4 and MT5 trading platforms after downloading and installing them on their devices, as well as trade using them via web browsers.

In 2022, M4Markets launched a new platform for social trading - Copy Trader. Using this platform, clients can share valuable information about the market and give each other recommendations. This platform allows copying trades on different accounts.

Trading account types:

• Standard (minimum deposit is $5 with maximum leverage of 1:1,000)
• Raw spread or VIP (minimum deposit is $500 with maximum leverage of 1:500)
• Premium or Elite (minimum deposit is $10,000 with maximum leverage of 1:500)

All of these accounts have low spreads and a minimum lot size of 0.01. The difference lies in the leverage and the minimum deposit. Clients can use USD, EUR, GBP, and JPY.

Clients can test their trading strategies using a risk-free demo account, which is available on the MT4 platform.

M4Markets offers the following trading instruments:

• 50 currency pairs (major, minor and exotic pairs)
• CFD on shares (EU and US stocks)
• 14 indices (including UK100, US30, and NAS100)
• 5 commodities (metals, energy, etc.)
• cryptocurrencies (BTC, ETH, etc.)

The broker does not charge commissions on the Standard account for currency pair and commodity trading. However, using the VIP and Elite accounts, the client is charged a commission of up to $3.50 for each side. As for stock trading, the commission on all 3 trading accounts is small.

Company clients can make deposits via Skrill, Neteller, FasaPay, UnionPay, and wire transfers. The last two of them take 1 business day to credit funds to the account. The rest of the payment methods instantly transfer funds. The same applies to withdrawals.

M4Markets does not provide clients with educational materials or tutorials on the website. Although it has published an economic calendar integrated with the MetaTrader platform. There is also a frequently asked questions section on the website, where everyone can find solutions to the most common issues.

Support service

The customer support center is available from 7:00 a.m. to 7:00 p.m. GMT. One can contact the company's managers using the feedback form. The website provides the Seychelles office address and e-mail. Live chat is available, too. For basic information on trading conditions, clients can visit the FAQ section, which contains detailed answers to the most common questions.

Traders' review

The company has a lot of negative reviews on the Internet. Traders mainly complain about the problems with depositing and withdrawing funds, accusing the company of fraud.

Pros and cons

Pros:

• regulated broker
• demo account
• no commission for withdrawals
• minimum deposit is only $5
• negative balance protection

Cons:

• a lot of negative reviews from clients
• no training materials for beginners on the website