Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
M4Markets Pros & Cons
- Low entry barrier due to a minimum deposit of $5.
- MT4 and MT5 trading platforms are available.
- This broker offers several hundred assets across seven groups, providing a high-profit potential when combined with dynamic leverage up to 1:5000.
- Traders can expect optimal trading conditions by choosing from four real accounts (plus a swap-free trading option).
- The platform offers various alternative earning options, including joint accounts, copy trading, and a referral program.
- Trader costs are minimized, as some accounts have no trading commissions, and this broker does not charge withdrawal fees.
- Desktop and mobile versions of MT are available, and the copy trading service is presented as an integrated proprietary solution.
- This broker's website features an economic calendar, various calculators, signals, market sentiment indicators, and other tools.
- This broker has an extensive pool of financial instruments, but it's important to note that all of them are CFDs.
- This broker does not cooperate with residents of Cuba, Sudan, Syria, North Korea, and several other countries.
The M4Markets broker offers contracts for difference (CFDs) on currency pairs, cryptocurrencies, stocks, indices, commodities, energies, and metals. This broker provides a free demo account, four real accounts, and an Islamic (swap-free) account option. Spreads and commissions depend on the selected account, with minimum spreads starting from 0 pips and fees from $0. The initial minimum deposit is $5. Traders can use USD, EUR, JPY, or ZAR as the base currency for their accounts. Trading with dynamic leverage up to 1:5000 is available. This broker does not impose restrictions on trading styles and strategies, and traders can use expert advisors. Additional earning opportunities include a copy trading service, MAM and PAMM accounts, and a “Refer a Friend” program. Educational materials and basic analytical tools are also provided. Client support is available 24/7 and offered in 10 languages.
TU Expert Verdict
M4Markets is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
M4Markets User Reviews
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5-star
72%
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4-star
3%
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3-star
7%
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2-star
3%
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1-star
14%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of M4Markets have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of M4Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, M4Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
M4Markets Standard spreads M4Markets OANDA FOREX.com EUR/USD min, pips 0.4 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.2 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
M4Markets RAW/ECN spreads M4Markets OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with M4Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
M4Markets Non-Trading Fees M4Markets OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is M4Markets Safe?
We checked the M4Markets officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.7 /10M4Markets has a safety score of 8.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
M4Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 M4Markets Security Factors Foundation date 2019 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.3 /10M4Markets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Exclusive VIP account with enhanced trading conditions
- Standard account with balanced trading conditions
- Swap Free (Islamic) account
- No Cent account
- Micro lots are not available
M4Markets account types vs top competitors M4Markets Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoM4Markets accounts trading conditions
First, determine the account type that suits you. The “Standard” account is versatile in most aspects, with no commission and a moderate spread starting from 1.1 pips. The spread is higher only on the “Dynamic Leverage” account, starting from 1.6 pips, but there are no commissions. On the “Raw Spread” account, the commission is the highest at $3.5, but the spread starts from 0 pips. On the “Premium” account, the spread also starts from 0 pips, with lower commissions ($2.5), but the minimum deposit is significantly higher ($10,000 compared to just $500 on the “Raw Spread” account). Also, consider that the accounts differ in margin call and stop-out levels. There are no differences in terms of base currency, trade size, and available assets.
Account types:
Account Type Description Standard The minimum deposit is $5, the spread starts from 1.1 pips, no commission, maximum leverage of 1:1000, the margin call is at 100%, and the stop-out is at 20%. Raw Spread The minimum deposit is $500, the spread starts from 0 pips, $3.5 commission per lot, the leverage is up to 1:500, the margin call is at 100%, and the stop-out is at 40%. Premium The minimum deposit is $10,000, spread starting from 0 pips, $2.5 commission per lot, leverage is up to 1:500, margin call at 100%, and stop-out at 40%. Dynamic Leverage The minimum deposit is $5, spread starting from 1.6 pips, no commission, leverage is up to 1:5000, the margin call is at 100%, and the stop-out is at 30%. The optimal approach is to first open a demo account to familiarize yourself with the platform. Then, open a real account based on your capital, strategic preferences, and ambitions as a trader. Representatives of the Islamic religion can open a swap-free account.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7 /10M4Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
M4Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- USDT (Tether) supported
- Bank wire transfers available
- Bank card deposits and withdrawals
- Wise not supported
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are M4Markets deposit and withdrawal options?
M4Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
M4Markets Deposit and Withdrawal Methods vs Competitors M4Markets Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC YesNoNoWhat are M4Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. M4Markets supports the following base account currencies: USD, EUR, JPY, ZAR.
What are M4Markets's minimum deposit and withdrawal amounts?
The minimum deposit on M4Markets is $5, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact M4Markets’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10M4Markets offers a limited selection of trading assets compared to the market average. The platform supports 120 assets in total, including 50 Forex pairs.
- Copy trading platform
- Crypto trading
- 50 supported currency pairs
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by M4Markets with its competitors, making it easier for you to find the perfect fit.
M4Markets Plus500 Trading.com Currency pairs 50 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 120 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products M4Markets offers for beginner traders and investors who prefer not to engage in active trading.
M4Markets Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at M4Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with M4Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at M4Markets is $5. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
M4Markets account opening M4Markets Plus500 Trading.com Online Registration YesYesYesMinimum deposit $5 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 3 2 Is M4Markets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start collaborating with this broker, you need to register on its official website. Then, you'll need to open a real account, make a minimum deposit, and download the trading platform. Once you log into the platform, you can start trading. The experts at TU have prepared the below step-by-step guide for your convenience. TU experts will walk you through each stage of registration and describe the features of the M4Markets user account.
Go to this broker's website. In the top right corner, select your preferred language. Click on “Open Account”.
Choose the account type (individual or corporate) and your salutation. Enter your first and last names, and date of birth. Specify the country of your residence. Next, provide your contact details, including your phone number and email address. Create a password and enter it twice. Agree to the terms and conditions by ticking the checkboxes at the bottom. Click “Continue”.
You will receive an email with a PIN code to the provided email address. Enter the PIN code in the corresponding field on the website. Alternatively, you can click on the “Confirm Email” button in the email.
Click on the link at the top of the screen (message prompting verification). On the following page, the required documents will be listed on the right side. Upload their scanned copies/photos, following the on-screen instructions. Wait for the managers to verify the information.
In the top part of the screen, click on the “Open Real Account” button. Choose the account type and its specifications.
Click on the “Deposit” button in the top menu. Choose a suitable deposit method and follow the on-screen instructions to fund your account.
Go to the “Downloads” section. Select the appropriate trading platform and its version (desktop or mobile). Download the distribution file, install the platform, log in, and start trading.
Your M4Markets user account also provides access to:
- Traders can open/close demo and real accounts, with detailed information available for each account.
- In the corresponding sections, traders can deposit/withdraw funds and track transaction status.
- The “Profile” section allows traders to update personal information and set security parameters.
- A separate section provides distributions of available trading platforms which are MT4 and MT5.
- Access to joint accounts and copy trading service is available through the user account.
- There is a section dedicated to participants of the “Refer a Friend” referral program.
- Educational materials, a section for contacting technical support, and a LiveChat are also available.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria8.7 /10M4Markets received a score of 8.7/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Trading bots (EAs) allowed
- API access for automated trading
- One-click trading
- Free VPS for uninterrupted trading
- Strategy (EA) Builder is not available
- No TradingView integration
- No access to a proprietary platform
Supported trading platforms
M4Markets supports the following trading platforms: MT4, MT5, cTrader. This selection covers the basic needs of most retail traders. We also compared M4Markets’s platform availability with that of top competitors to assess its relative market position.
M4Markets Plus500 Trading.com MT4 YesNoNoMT5 YesNoYescTrader YesNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey M4Markets’s trading platform features
We also evaluated whether M4Markets offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 68 Tradable assets 120 Additional trading tools
M4Markets offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
M4Markets trading tools vs competitors M4Markets Plus500 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesNoYesAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria3.5 /10M4Markets supports mobile trading, offering dedicated apps for both iOS and Android. M4Markets received 3.5/10 in this section, which suggests limited user interest or weak performance of the apps.
- Supports mobile 2FA
- Mobile alerts supported
- Weak user feedback on iOS
- Indicators not supported
We compared M4Markets with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
M4Markets Plus500 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 50,000 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 0 4.4 4.7 Mob. 2FA YesYesYesMob. Indicators NoYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at M4Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.4 /10Customer support at M4Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. M4Markets provides basic support functionality but does not stand out in overall service performance.
InformationTechnical support is crucial for any company. For brokers, it is especially important because traders often encounter disputed or problematic situations. Whether it's a technical glitch, an unclear aspect of deposit or withdrawal, or something else, occasionally users need to receive prompt and competent assistance. If the client service is not satisfactory in terms of speed or quality, traders can easily become disappointed and switch to a competitor. To prevent this, M4Markets offers various communication options with their technical support such as a call center, email, and LiveChat. All channels operate 24/7, and the specialists are proficient in multiple languages, with their expertise confirmed.
- You can contact technical support even if you are not a client of this broker.
- Communication through all channels is quite prompt.
- Managers are available 24/7.
- Client service specialists are ready to assist in 10 languages.
- This broker does not cooperate with residents of Cuba, Sudan, Syria, North Korea, and several other countries.
If you intend to work with M4Markets or are already a client of this broker, you can contact support using the following methods:
- Request a callback on the website.
- Email.
- LiveChat on the website and in the user account.
This broker has official profiles on various social platforms, such as Facebook, Instagram, LinkedIn, Twitter, and YouTube. You can also contact support through any of these platforms. It is recommended to follow at least one profile to stay current with the latest company news.
Contacts Foundation date 2019 Registration address JUC Building, Office No. F4, Providence Zone 18, Mahé, Seychelles Regulation FSA, CySEC, DFSA, FSCA Licence number:
SD035, 301/16, F007051, 49648Official site https://www.m4markets.com/ Contacts support@m4markets.com +248 463 2013
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FAQs
What trading commissions and non-trading fees does M4Markets charge?
M4Markets is assessed as having low overall fees, with a fees score of 8/10, and offers tight Forex spreads, particularly on EUR/USD, plus no inactivity, deposit, or withdrawal fees. On Standard accounts, trading costs are built into floating spreads (e.g., EUR/USD typically 0.4–1.1 pips, GBP/USD 0.5–1.2 pips), while RAW/ECN accounts use market-based spreads (around 0.2 pips on EUR/USD and GBP/USD) plus a $3.5 commission per lot.
What account types and trading conditions are available at M4Markets?
M4Markets offers Demo, Standard, Raw Spread (ECN), Premium, Dynamic Leverage, Swap Free (Islamic), and VIP accounts, but does not provide Cent or Micro accounts and micro lots are not available. Minimum deposits and conditions vary, from $5 on Standard and Dynamic Leverage accounts (spreads from 1.1 and 1.6 pips respectively, no commission) to $500 on Raw Spread and $10,000 on Premium (both with spreads from 0 pips and commissions of $3.5 and $2.5 per lot, respectively), with leverage up to 1:5000 on Dynamic Leverage.
What do user reviews say about M4Markets overall?
M4Markets has a user satisfaction score of 8.3/10 based on 29 reviews, with 72% of ratings at 5 stars and 14% at 1 star, indicating mostly positive but not unanimous feedback. According to user reviews, there is a mix of very favorable experiences and some critical opinions reflected in the smaller share of low-star ratings.
Which markets and tradable assets can you access with M4Markets?
M4Markets provides access to 120 tradable assets, including 50 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, but does not offer options, bonds, or ETFs. For more passive approaches, the broker supports copy trading and PAMM investing, while managed accounts are not available.
What feedback is there on the M4Markets mobile apps and their key features?
M4Markets offers mobile trading apps for iOS and Android with support for mobile alerts and two-factor authentication, but this section rates them 3.5/10, suggesting limited user interest or weaker performance. The listed App Store and Google Play scores are both 0, and the apps do not support mobile indicators, while user feedback on both platforms is described as weak.
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