M4markets Reseña

On-line since: 2019
Country of origin: Republic of Seychelles
Regulation: Financial Services Authority of Seychelles (FSA)
Payment options: bank transfer, Skrill, Neteller, FasaPay, UnionPay
Minimum account size: $5
Minimum lot size: 0.01 lot
Leverage: -
Spreads: variable

About the company:

M4Markets is a CFD broker that assists its clients to trade currency pairs, commodities, and indices. The company was established in 2019. The main office is located in Seychelles. M4Markets is a regulated broker supervised by the Financial Services Authority of Seychelles (FSA). Notably, M4Markets' client funds are held in segregated accounts, i.e. they are stored separately from the brokerage company's capital. Moreover, the broker gives traders protection against negative balance (NBP). Therefore, it guarantees that trading losses do not exceed the deposit amount.

Trading conditions

M4Markets offers its clients variable spreads from 0.0.

Moreover, clients can use both MT4 and MT5 popular trading platforms. In 2022, the broker launched a new platform, Copy Trader. It allows users to share various information with each other, including giving advice to each other and copying positions in different accounts.

M4Markets offers its clients three types of trading accounts: Standard, VIP, and Elite. A standard account is suitable for beginners and traders who do not plan to generate considerable profits immediately. The minimum deposit is only $5 and the leverage is up to 1:1000. A VIP account (unprocessed spreads) is designed for more experienced traders. The minimum deposit is $500, while the leverage amounts to 1:500. Elite is a premium account. Therefore, the minimum deposit amount must be at least $10,000. However, the leverage is the same as in the VIP account. Notably, all M4Markets accounts have low spreads and a minimum lot size of 0.01.

Clients can deposit funds in USD, EUR, GBP, or JPY. Moreover, they can trade using a demo account.

The list of M4Markets trading instruments is impressive: 50 currency pairs, CFDs on shares, 14 indices, 5 commodities (metals, commodities, etc.), and cryptocurrencies.

As for commissions, they are not charged on the Standard account for currency pairs or commodity trading. The holders of VIP and Elite accounts are charged a commissions of no more than $3.50. In case of stock trading, the trader’s commission on all three accounts is fixed and small.

Customers can make deposits and withdraw funds via Skrill, Neteller, FasaPay, UnionPay, or bank transfer.

Customer Service

The customer support center is available from 07:00 am to 7:00 pm GMT. Clients can contact it via email or live chat. For more information, they can also use the feedback form. Moreover, there is a Frequently Asked Questions section on the broker’s website. It contains the key points regarding trading conditions, depositing and withdrawing funds, etc.

Traders’ reviews

Traders’ reviews mostly include negative comments. Traders mainly complain about the difficulties in depositing and withdrawing funds and the inability to contact the company’s managers.

Pros and cons

Advantages:

• regulated broker
• commission-free trading available
• minimum initial deposit is only $5
• negative balance protection

The major disadvantage is that clients accuse the company of fraud. Moreover, it has a lot of negative reviews on the Internet.