M4Markets Review 2024 with Rankings By Dumb Little Man

By Wilbert S

February 12, 2024   •   Fact checked by Dumb Little Man

Overall Rating

Overall Ranking

Trading Terminals



Evaluation Criteria

The team at Dumb Little Man, made up of financial specialists, seasoned traders, and individual investors, employs an advanced algorithm for in-depth reviews of brokerage services. They focus on critical elements including:

  • User Experience
  • Earnings Potential
  • Reliability
  • Broker Expertise
  • Cost-Effectiveness

By integrating feedback from actual users, their evaluations offer a comprehensive and impartial view. Through detailed research, they identify M4Markets as a credible choice for those seeking a dependable financial ally. Nevertheless, Dumb Little Man advises prospective users to carefully examine their thorough review to grasp any potential drawbacks linked to the broker.

M4Markets Review

Forex brokers play a pivotal role in facilitating currency trading for individuals and institutions worldwide. M4Markets stands out among these brokers, offering the widely acclaimed MT4, MT5, and MT Mobile platforms. With a diverse range of assets including over 45 forex currency pairs, stock CFDs, commodities, indices, gold, and silver, M4Markets presents ample investment opportunities for traders.

In this comprehensive assessment, we delve into an in-depth exploration of M4Markets, shedding light on its distinctive features and potential limitations. Our objective is to furnish you with a thorough understanding of the broker’s offerings, including account types, deposit and withdrawal procedures, commission structures, and other critical particulars. Through a balanced approach, blending expert analysis with real trader feedback, we aim to arm you with the requisite knowledge to evaluate M4Markets as a potential partner for your trading endeavors.

What is M4Markets?

M4Markets is a reputable broker established in 2019, with headquarters in Seychelles and Cyprus. Serving over 4 million clients, M4Markets offers Forex/CFD trading services across various trading instruments, including currency pairs, cryptocurrencies, stocks, indices, commodities, energies, and metals. Traders can access a range of account options, including a free demo account, four real accounts, and an Islamic (swap-free) account. With the flexibility to choose base currencies such as USD, EUR, JPY, or ZAR, and the option to trade with dynamic leverage up to 1:5000M4Markets caters to diverse trading preferences.

Safety and Security of M4Markets

After conducting thorough research, including information from Dumb Little Man, it’s evident that M4Markets prioritizes the safety and security of its clients. As the owner of M4MarketsTrinota Markets (Global) Ltd is registered in Seychelles and regulated by two prominent authorities, the FSA (Financial Service Authority) and CySEC (Cyprus Securities and Exchange Commission). Additionally, the company’s operations are overseen by the DFSA and FSCA, ensuring a robust regulatory framework that safeguards the interests of M4Markets clients.

Pros and Cons of M4Markets


  • Low $5 minimum deposit.
  • Availability of MT4 and MT5 platforms.
  • Wide range of assets across seven groups.
  • Dynamic leverage up to 1:5000.
  • Four real accounts with swap-free option.
  • Various earning options: joint accounts, copy trading, referral program.


  • All instruments are CFDs.
  • Restricted cooperation with residents of certain countries.

Sign-Up Bonus of M4Markets

As of the current information available, M4Markets does not offer a traditional sign-up bonus. However, they provide a credit bonus scheme where clients can earn a 50% credit bonus each time they deposit to their verified live account. This bonus is available to all M4Markets clients trading on MT4/MT5, providing them with a boost in free margin to trade higher volume positions once credited to their account.

Minimum Deposit of M4Markets

M4Markets sets a highly accessible minimum deposit requirement of just $5. This low entry barrier enables traders of all levels to participate in the financial markets without significant upfront investment. With such a modest deposit requirement, M4Markets aims to democratize access to trading opportunities for individuals worldwide.

M4Markets Account Types

After extensive testing by our team of experts at Dumb Little Man, M4Markets offers the following trading accounts:

Standard Account

  • Minimum deposit: $5
  • Spread starts from: 1.1 pips
  • No commission
  • Maximum leverage: 1:1000
  • Margin call: 100%
  • Stop-out: 20%

Raw Spread Account

  • Minimum deposit: $500
  • Spread starts from: 0 pips
  • Commission: $3.5 per lot
  • Maximum leverage: 1:500
  • Margin call: 100%
  • Stop-out: 40%

Premium Account

  • Minimum deposit: $10,000
  • Spread starts from: 0 pips
  • Commission: $2.5 per lot
  • Maximum leverage: 1:500
  • Margin call: 100%
  • Stop-out: 40%

Dynamic Leverage Account

  • Minimum deposit: $5
  • Spread starts from: 1.6 pips
  • No commission
  • Maximum leverage: 1:5000
  • Margin call: 100%
  • Stop-out: 30%

M4Markets Customer Reviews

M4Markets garners mixed customer reviewsWhile some traders express frustration over issues with withdrawals, alleging the broker’s reluctance to release profits, others praise its trading environment, particularly for major currency pairs like USD/JPY and EUR/USD where spreads are tight. Additionally, positive feedback highlights M4Markets‘ provision of an Islamic account option, educational resources including eBooks and webinars, and the availability of both MT4 and MT5 platforms. Despite varying experiences, the broker appears to offer diverse features catering to different trading preferences.

M4Markets Fees, Spreads, and Commissions

M4Markets employs floating spreads across its account types, with variations in spread starting points. For instance, the “Standard” account features spreads starting from 1.1 pips, while the account with dynamic leverage starts from 1.6 pips, and others begin from 0 pips. Commissions are solely applicable to the “Raw Spread” and “Premium” accounts, with rates of $3.5 and $2.5 respectively. Withdrawal fees may vary, either fixed or dynamic, depending on factors such as the withdrawn amount and chosen method, but like many brokers, M4Markets typically does not charge any withdrawal fees.

Deposit and Withdrawal

After rigorous testing by a trading professional at Dumb Little Man, it’s found that M4Markets allows traders to transition from demo to real accounts, enabling them to access genuine trading opportunities with the potential for real profits. Clients can initiate withdrawals by submitting requests through their user accounts on the website. Withdrawal channels include bank transfer, Visa, Mastercard, Skrill, Neteller, Perfect Money, FasaPay, and PayRedeem, with no withdrawal fees imposed by M4Markets regardless of the chosen channel or withdrawn amount. However, traders should note that fees may be applicable by other parties involved in the withdrawal process, such as banks.

How to Open an M4Markets Account

  1. Visit the broker’s website and select your preferred language in the top right corner.
  2. Click on “Open Account” and choose the account type (individual or corporate).
  3. Fill in your personal details, including your name, date of birth, country of residence, phone number, and email address.
  4. Create a password and agree to the terms and conditions.
  5. Verify your email by entering the PIN code received or clicking the confirmation link in the email.
  6. Upload the required documents for verification and wait for approval.
  7. Click on “Open Real Account” and choose your preferred account type and specifications.
  8. Deposit funds by clicking on the “Deposit” button in the top menu and selecting a suitable deposit method.
  9. Download the trading platform from the “Downloads” section, install it, log in, and start trading.

M4Markets Affiliate Program

M4Markets offers an affiliate program called “Refer a Friend,” which is an ongoing promotion regularly extended for another year. Under this program, traders can generate a referral link in their user accounts and freely share it online. When someone clicks on the link and becomes their referral, the referring trader earns $5 for each traded lot brought in by the referee. There are no limits to the number of payouts from referees or the number of referrals, providing traders with ample opportunities to earn through referrals.

M4Markets Customer Support

Based on the experience of Dumb Little Man, M4Markets provides Customer Support through various channels. Clients can request a callback on the website, reach out via email, or utilize the LiveChat feature available on both the website and user account. Additionally, M4Markets maintains official profiles on social platforms including Facebook, Instagram, LinkedIn, Twitter, and YouTube, offering another avenue for contacting support. Following at least one of these profiles is recommended to stay updated with the latest company news and announcements.

Advantages and Disadvantages of M4Markets Customer Support

Technical support available to non-clients.

Prompt communication through all channels.

24/7 availability of managers.

Multilingual client service specialists.

Comprehensive assistance via various communication channels.
Lack of a dedicated mobile app for customer support.

Limited availability of support staff during peak hours.

Occasional delays in response times.

M4Markets vs Other Brokers

#1. M4Markets vs AvaTrade

M4Markets offers a diverse range of assets with competitive spreads and commissions, along with comprehensive customer support. In contrast, AvaTrade boasts a larger customer base and longer operational history, providing a full online trading experience with over 1,250 financial instruments. 

Verdict: M4Markets may be preferable for its accessible trading environment and comprehensive customer support.

#2. M4Markets vs RoboForex

M4Markets distinguishes itself with its user-friendly interface, multilingual support, and diverse account types catering to various trading preferences. On the other hand, RoboForex offers a wide selection of trading platforms and innovative technologies, including ContestFX for demo account competitions.

Verdict: M4Markets may appeal more to traders seeking simplicity and personalized assistance, whereas RoboForex suits those seeking advanced trading tools and contest opportunities.

#3. M4Markets vs FXChoice

M4Markets prioritizes accessibility and flexibility with its low minimum deposit and dynamic leverage options, making it suitable for traders of all levels. Conversely, FXChoice targets experienced traders with its professional ECN accounts and tight market spreads, albeit with limited account options for beginners. 

Verdict: M4Markets may be preferred by traders seeking a more inclusive trading environment with lower entry barriers and a broader range of account types.

>> Also Read: AvaTrade Review 2024 By Dumb Little Man: Is It The Best Overall Broker?

Choose Asia Forex Mentor for Your Forex Trading Success

If you aim to build a successful career in forex trading and desire significant financial gains, Asia Forex Mentor presents the ideal option for top-notch forex, stock, and crypto trading education. Led by Ezekiel Chew, a respected figure in trading institutions and banks, Asia Forex Mentor stands out. Ezekiel’s consistent seven-figure trades set him apart from other educators. Here’s why we recommend it:

  • Comprehensive CurriculumAsia Forex Mentor offers a thorough educational program covering stock, crypto, and forex trading, equipping aspiring traders with essential knowledge and skills.
  • Proven Track Record: The credibility of Asia Forex Mentor is solidified by its impressive history of producing profitable traders across various market sectors.
  • Expert Mentor: Students benefit from the guidance of an experienced mentor like Ezekiel, who excels in stock, crypto, and forex trading, providing personalized support.
  • Supportive Community: Joining Asia Forex Mentor provides access to a supportive community of traders pursuing success in various markets, fostering collaboration and peer learning.
  • Emphasis on Discipline and Psychology: The program emphasizes the importance of discipline and psychology in trading, providing crucial psychological training.
  • Constant Updates and Resources: Continuous access to valuable resources keeps traders updated with the latest trends, strategies, and market insights.
  • Success StoriesAsia Forex Mentor boasts numerous success stories where students achieve financial independence through their comprehensive trading education.

Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.





#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!

Conclusion: M4Markets Review

In conclusion, based on the assessment by our team of trading experts at Dumb Little Man, M4Markets emerges as a reputable forex broker with several notable strengths. The broker offers a diverse range of trading assets, competitive spreads, and dynamic leverage options, making it an attractive choice for traders of all levels. Additionally, its commitment to 24/7 customer support and transparent fee structure are commendable. 

However, it’s essential for potential investors to consider the limitations, such as the lack of a dedicated mobile app for customer support and occasional delays in response times. While M4Markets presents a promising option for traders seeking a reliable brokerage service, it’s crucial to weigh both the advantages and disadvantages before making a decision.

>> Also Read: ATC Brokers Review 2024 with Rankings By Dumb Little Man

M4Markets Review FAQs

Are my funds safe with M4Markets?

Yes, M4Markets prioritizes the safety and security of clients’ funds. The broker is regulated by reputable authorities such as the Financial Service Authority (FSA) and Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with stringent regulatory standards. Additionally, client funds are kept in segregated accounts with trusted financial institutions to further safeguard against any potential risks.

What trading platforms does M4Markets offer?

M4Markets provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces and comprehensive trading tools. These platforms are available for desktop, web, and mobile devices, allowing traders to execute trades and manage their accounts conveniently from anywhere.

Does M4Markets offer educational resources for traders?

Yes, M4Markets understands the importance of education in trading success and offers various educational resources to empower traders. These include webinars, tutorials, market analysis, and trading guides covering a wide range of topics, from basic trading concepts to advanced strategies. Additionally, the broker provides personalized support and mentorship to help traders improve their skills and achieve their trading goals.

Dumb Little Man Recommends – Top 3 Best Forex Brokers in 2024

Wilbert S

Wilbert is an avid researcher and is deeply passionate about finance and health. When he's not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst others.

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