M4Markets is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
M4Markets accepts clients from all over the world, excluding USA, Canada, Iran, Cuba, Sudan, Syria and North Korea.
Forex broker offers the following underlying assets for trading.
|50+ Currency Pairs||Based on major and minor world currencies.|
|14 Indice CFDs||Based on baskets of different blue-chip stocks.|
|6 Metal CFDs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|50+ Stock CFDs||Based on shares of US, UK and EU companies.|
With low spreads, a low minimum deposit requirement, and some of the highest trading leverage available anywhere in the world, M4Markets is a forex broker that probably ticks many boxes for new and aggressive traders.
To be able to offer such attractive trading conditions, M4Markets has chosen to incorporate in the Seychelles, a popular offshore jurisdiction for forex & CFD brokers. And while forex brokers like M4Markets are technically regulated there by the Seychelles Financial Services Authority (SFSA), the oversight there is much weaker than what is common in “onshore” jurisdictions like Australia or Europe. As a consequence, traders should always take precautions and do their own research before trading with offshore-based forex brokers.
In terms of the instruments that can be traded, M4Markets offers a pretty standard selection of forex pairs, major stock indices and single stocks of popular companies from the US and Europe, as well as a few commodity CFDs. This means that although the most commonly traded assets are covered, there are also several asset classes missing. For example, cryptocurrencies, government bonds, and ETFs are all unavailable from M4Markets.
All of the assets that are offered by this broker are traded on either the MetaTrader 4 (MT4) or the MetaTrader 5 (MT5) platforms. These are both well-known trading platforms, originally developed as a Windows-based software for use on desktop computers. Today, however, the MetaTrader platform is also available as a web-based version that can be used on Macs and any other type of computer, as well as in mobile versions for Apple and Android phones.
Looking at the account options that are available from M4Markets, we believe it should be easy to find an account suitable for most traders. In addition to a demo account and a special swap-free Islamic account, the main types of trading accounts offered by this broker are: an STP-style and commission-free Standard account, an ECN account with tight spreads and commissions called Raw Spread, and a Premium ECN account with a minimum deposit of USD 10,000 and lower commissions.
As would be expected, the best trading conditions for traders that can afford it are on the Premium and Raw Spread accounts. For new traders without much capital, however, the commission-free Standard will usually be the best choice. All of the trading accounts can be denominated in either USD, EUR, GBP or JPY.
When it comes time to fund the account, clients with M4Markets can choose between making deposits with international bank wire transfer, local bank transfer in several countries, or the e-wallet services Skrill, Neteller, Perfect Money, VLoad, Fasapay, and others. Further, we are also happy to see that M4Markets accepts crypto deposits via the BitWallet payment processor.
It’s also great to see that all funding methods are accepted free of charge by the broker, and most are credited to the trading account nearly instantly.
Switching over to customer support, M4Markets can be reached via email, live chat or a UK phone number. Unfortunately, working hours for the support team cannot be found anywhere on the broker’s website, which makes us doubt that 24 hour live support is really available here. However, the website does feature an extensive FAQ section, which should provide answers to most common questions about things like account opening, deposits & withdrawals, and trading.
In summary, we believe M4Markets has the potential to attract many forex traders who want to enjoy higher leverage than what is otherwise available in their home countries. The broker’s low spreads and commissions also help make M4Markets an attractive choice, although we wished that some more trading instruments were available to choose from.