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Safely of funds
M4Markets is a CFD broker, which provides its clients with an opportunity to trade currency pairs, commodities, and various indices. The Seychelles-based company was founded in 2019. Its activity is regulated by the Financial Services Authority. The broker holds client funds in segregated accounts and provides negative balance protection.
Trading conditions
M4Markets offers floating spreads from 0.0 pip, with prices deriving from a deep pool of liquidity.
The broker's clients can trade by means of the popular MT4 and MT5 trading platforms. In 2022, the company developed Copy Trader, its own platform, where users can share information about the market and give advice to each other. Copy Trader enables traders to duplicate positions across multiple accounts.
Trading account types
- a standard account with the minimum deposit of $5 and the leverage of up to 1:1,000
- a VIP account with raw spreads, the minimum deposit of $500, and the leverage of up to 1:500
- a premium account, or an Elite account, which requires clients to deposit at least $10,000 and allows them to use the leverage of up to 1:500.
All trading accounts offer low spreads and the minimum lot size of 0.01. Funds can be deposited in the US dollar, euro, pound sterling, and the yen.
M4Markets also provides its clients with an opportunity to use a demo account.
The trading instruments are as follows:
- 50 currency pairs, including major, minor, and exotic ones
- CFDs on shares, namely ones of the most popular US and EU companies
- 14 indices
- 5 commodities, including various metals, primary commodities, etc.
- cryptocurrencies
Using standard accounts, traders do not have to pay any commission fees for trading currency pairs and various commodities. VIP and Elite accounts require a commission of up to $3.50. If clients trade stocks, a small fee will be charged regardless of what account type they use.
Funds can be deposited with the help of electronic payment systems such as Skrill, Neteller, FasaPay, and UnionPay, as well as via bank transfer. The same methods can be used for fund withdrawals.
The official website of M4Markets features an economic calendar, which is integrated into the MetaTrader platform.
Support service
Clients can contact company representatives from 7:00 am to 7:00 pm GMT by email, live chat, or using a feedback form. The Frequently Asked Questions section will also assist in resolving some difficulties.
Feedback from traders
Many traders criticize the broker for failing to honor its promises to provide favorable conditions and secure trading. They note difficulties in both depositing and withdrawing funds. Furthermore, there are a lot of comments where clients accuse M4Markets of being a scam.
Pros and cons
Advantages:
- regulated brokerage activity
- opportunity to trade with no commissions
- affordable deposit amount of $5
- egative balance protection
Disadvantages:
- negative feedback
- no training materials
