M4 Markets – Is It Secure enough to be Trusted?

Website URL: https://m4markets.com/

Founded:  2020

Regulations: Unregulated

Languages: English, Chinese (Simplified), Chinese (Traditional), Italiano, Bahasa Indonesia, Malay, and Vietnamese

Deposit Methods: Skrill, Neteller, STICPAY, Jeton Go, Union Pay, Local Wire Solutions, AliPay, Bank wire, PAYTAH, and China Union Pay

Minimum Deposit: $50

Free Demo Account: Yes

Number of Assets: 60+ trading instruments

Types of Assets: Forex, Commodities, and Indices

 Trading Accounts and Conditions:

There are three types of accounts offered by M4 markets and their conditions are:

• Standard Account: the minimum deposit amount is $50, spreads are from 1.1 pips, and leverage level is 1:500.
• VIP Account: the minimum deposit amount is $500, spreads are from 0.0 pips, and leverage level is 1:500.
• Elite Account: the minimum deposit amount is $10,000, spreads are from 0.0 pips, and leverage level is 1:500.

M4 Markets – Advantages:

There are no trading bonuses or incentives offered by this broker to the customers.

M4 Markets – Disadvantages:

• An Anonymous and Unregulated Broker:

M4 markets do not go over the bar standard, nor it has any uniqueness. Like other fishy brokers, the M4 market is also an offshore shady broker with an offshore license that does not meet the regulatory standards and rules of the well-known financial authorities like in Europe, the UK, and the USA. M4 market is actually the trade name of Trinota markets limited that is an offshore enterprise operated and based in the offshore area of Seychelles. It is regulated as the securities dealer by local financial services authorities (FSA) which lacks the ability to oversee the internationally operating brokers.

Moreover, you cannot match the regulatory standards with those of reputable and well-known financial authorities like the Financial Conduct Authority in the UK, the Australian Securities and Investment Commission in Australia (ASIC), and Cyprus Securities and Exchange Commission in Cyprus (CySEC). Whereas, the only requirement that Seychelles regulatory authority needs from all brokers is that the broker has to register a company on the Seychelles Island with a minimum share capital of $50,000 that is initially to be kept at any bank in the Seychelles Island. While once the license is granted, the broker can withdraw the capital amount and can use it for the daily operational expenses. Plus, all brokers have to incorporate the company domestically with two shareholders and two directors who are resident on the Island all the time. Whereas, in the case of a legit broker regulated in the EU or UK things are quite different.

For example, the FCA and CySEC regulated forex brokers have to maintain a minimum operational capital of 730,000 EUR, which serves as a guarantee for all the outstanding payments of the clients. Moreover, they have to keep the capital amount in the segregated accounts. Even the FCA regulated broker also insures the customer’s account that covers up to 85000 GBP of the customer’s funds.

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• Different Types of Fee Amounts:

If you look at the terms and conditions section on the website of M4 markets, it shows some worrying contradictions. For example, there is a clause explaining that the customer will not only have to pay the applicable withdrawal and deposit fee nut they will also have to bear the third party costs as well. The section has also some other similar types of clauses that confirm the presence of these fee amounts. The only difference is that other clauses mention it in other words and different light. Furthermore, the broker has not even explained the numerical value of these fee amounts anywhere on the website. This is what happens when you will choose to trade with an offshore-regulated broker.

• High Leverage:

M4 markets offer the leverage cap as high as 1:500 as compared to the industry standards. During trading, the leverage figure is considered to multiply the profits. Likewise, it can multiply the loss as well because it is too risky to trade with such high leverage levels. In addition to this, high leverage makes trading performance worse and turns trading into gambling. While the renowned and well-reputed regulatory authority explains that 70% of cases result in a financial loss with high leverage caps. Due to this fact, a legit broker will always offer a leverage cap not more than 1:300 which is a quite safe and secure level to trade and serves as a customer protection measure.

Conclusion 

M4 markets is an offshore license holder offering a variety of CFDs and cryptocurrencies, stocks, metals, and many other trading instruments with relatively competitive leverage level and spreads different types of accounts, and the most famous industry standard platform. According to these attractive claims, there is nothing wrong with this broker and everything seems normal. However, the face is that the scammers will always promise you the moons and the stars just to earn your trust and get you involved and invest money with them. While once, you submit your personal and banking details, the risk of fraud becomes long-term. With these details, they easily dry up your banking account or can make deals on your behalf. In addition to this, a legit and authentic license is the only proof and insurance against the scammer entities.

Therefore, always select the regulated brokers because they are strictly supervised and have to follow strict rules and regulations imposed by the regulatory bodies. Whereas, these regulators also have to follow the rules of the legal framework provided by the local governments. Hence, once a broker is being awarded the license from these regulators, it means they will also have to adapt to these legal frameworks as their own business’s rule of conduct. We don’t want your hard earned money to go to waste because of scammers like M4 Markets, so always be vigilant and take extra precautions especially when it comes to money matters. Always do your research and don’t just jump into the hype.

M4 markets

2.5

User Experience

3.2/10

Payment Options

2.2/10

Security

2.3/10

Support

2.1/10

Reputation

2.5/10

Pros

• None

Cons

• An anonymous and unregulated broker
• Different types of fee amounts
• High leverage