Contents
- 1 M4Markets Basics
- 2 Our Opinion About M4Markets
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Regulations In Nigeria
- 6 Fund Safety
- 7 Trading Awards
- 8 M4Markets: Legit Or Scam?
- 9 M4Markets Trading Assets
- 10 Trading Instruments
- 11 M4Markets Account Types
- 12 Standard Account
- 13 Premium Account
- 14 VIP Account
- 15 Dynamic Leverage Account
- 16 Demo Account
- 17 Islamic Account
- 18 PAMM Account
- 19 M4Markets Registration – How To Open A Trading Account
- 20 M4Markets Registration – How To Verify A Trading Account
- 21 Forex Bonuses
- 22 M4Markets Payment Methods
- 23 M4Markets Deposits
- 24 M4Markets Withdrawals
- 25 M4Markets Trading Platforms
- 26 M4Markets Trading Tools
- 27 Education And Research
- 28 M4Markets Trading Hours
- 29 M4Markets Customer Support
- 30 Our Verdict
- 31 M4Markets Broker Review – FAQ
- 32 M4Markets Broker Review – Similar Brokers
M4Markets Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA, DFSA, FSCA |
| 💰 Minimum Deposit | $5 (2000 Naira) |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, and UnionPay. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, and UnionPay. |
| 📌Open an account | Start Trading with M4Markets |
Our Opinion About M4Markets
M4Markets is an established, regulated forex broker. They provide an excellent online trading experience, as well as excellent customer service, and a high level of trading support. They are very popular within the forex industry and they have won several awards in recognition of their excellent trading services.
When it comes to their trading products, M4Markets places a high value on speed and transparency. They have a simple business model built around three main account types – the Standard Account, the Premium Account, and the Raw Account. M4Markets aims to offer a good selection of instruments, including forex, stocks, indices, and cryptos. They also aim to offer competitive trading conditions, complete with high leverage, low spreads, and fast trade execution.
When it comes to their trading resources, M4Markets places a high value on technology. They give you access to two of the top online trading platforms – including the MT4 and MT5 trading platforms. They also provide helpful trading tools and calculators to help you plan your trades. As such, if you trade with M4Markets, then you should have all the tools you need to analyse the markets, plan your strategies, and manage your risk.
Key Benefits
Regulation And Safety
They are a regulated forex broker. The M4Markets Group consists of two companies, both using M4Markets as their trade name. This business structure, although complicated, allows them to operate in more countries, including Nigeria. The Group holds licences from two reputable regulatory authorities. These are:
M4Markets Subsidiary: Harindale Ltd (formerly ICC Intercectus Capital Ltd) is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the financial regulatory authority of Cyprus and as an EU member state, CySEC’s financial regulations and operations comply with the European MiFID II financial regulations. Licence no: 301/16
M4Markets Subsidiary: M4Markets is regulated as a Securities Dealer by the Seychelles Financial Services Authority. The FSA is established under the Financial Services Authority Act 2018. The regulator’s key responsibilities include the licencing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime. Licence no: SD035
Regulations In Nigeria
Traders in Nigeria can open an account with the FSA-regulated business. The FSA-regulated business operates with slightly less regulatory oversight. However, they still implement strict security and client fund safety protocols.
Fund Safety
M4Markets ensures that your funds are kept safe and secure. It has a segregated account policy, which means that your funds are kept separate from company funds. This is especially important for traders who only want to open accounts with reputable providers. It also has a negative balance protection policy, which means that your account balance can never fall below zero. This is especially important for traders who are new to the financial markets and still learning about risk management.
Trading Awards
M4Markets is an award-winning broker. Its most recent awards include:
- Best Deposits & Withdrawals Broker, Fazzaco
- Best CFD Broker MENA, Global Business Review Magazine
- Best Trading Conditions Broker Asia, International Business Magazine
- Most Transparent Broker, World Finance Awards
- Best Trading Conditions Broker Global, International Business Magazine
- Best Customer Experience Broker, Forex Broker Awards
- Best Forex Broker LATAM, Global Business Review Magazine
M4Markets: Legit Or Scam?
M4Markets is a legit forex broker. They have been providing trading services for several years and have a growing client base in Africa. They are registered with a well-known financial authority, apply good client fund safety measures, and have won awards for their trading services. In terms of their trading services, they offer multiple account options and a nice variety of trading instruments. They also have a good range of payment methods. In our opinion, they are a legit and reliable forex broker.
M4Markets Trading Assets
M4Markets offers a wide range of trading instruments including currencies, commodities, metals, indices, shares, and cryptocurrencies.
Trading Instruments
- Forex: M4Markets offers many currency pairs including major, minor, and exotic pairs. You can trade popular instruments including EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
- Shares: They offer CFDs on shares. You can trade many popular instruments across sectors such as technology, finance, transport, and energy.
- Indices: M4Markets has lots of indices available for trading. You can choose from many popular indices across the American, European, and Asian markets.
- Commodities: They offer CFDs on energies. You can trade all of the most common instruments including US Brent and Crude oil.
- Cryptocurrencies: M4Markets has a great choice of crypto CFDs. You can choose from Bitcoin, Litecoin, Ripple, Ethereum, and many more.
M4Markets Account Types
M4Markets offers four main account types – the Standard Account, the Premium Account, the VIP Account, and the Dynamic Leverage Account. It also offers demo accounts and Islamic accounts.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Standard | From 1.2 pips | $100 | 1:500 | $0 |
| Premium | From 0.8 pips | $5,000 | 1:500 | $0 |
| VIP | From 0.0 pips | $10,000 | 1:500 | $4 per side |
| Leverage | From 1.2 pips | $5 | 1:500 | $0 |
Standard Account
This is their best option for new traders. It comes with an average spread of 1.2 pips and zero commission trading on some instruments. It also comes with high leverage of up to 1:500. The minimum deposit for this account is $100 and the minimum trade volume is 0.01.
Premium Account
This is their best option for intermediate traders. It comes with raw spreads from 0.8 pips but they charge a small commission on some trading instruments. It also comes with leverage of up to 1:500. The minimum deposit for this account is $5,000 and the minimum trade volume is 0.01.
VIP Account
This is the best choice for expert traders. It comes with raw spreads from 0.0 pips but they charge a small commission on some trading instruments. It also comes with leverage of up to 1:500. The minimum deposit for this account is $10,000 and the minimum trade volume is 0.01.
Dynamic Leverage Account
M4Markets also offers a dynamic leverage account. It comes with leverage up to 1:5000 on FX Majors and a diverse range of assets such as currencies, metals, indices, and more. Plus, they automatically adjust leverage to decrease as your trading volume increases. Keep in mind that while leverage can amplify profits, it can also magnify losses. So trade wisely and take advantage of their features. With a minimum deposit of just $5, you can start trading on the dynamic leverage account today.
Demo Account
M4Markets also offers a demo trading account. With a demo account you can work on your online trading skills and try out new trading strategies. You can also get a feel for the financial markets and what online trading is all about. With the M4Markets demo account, you can learn to trade using virtual money. This is very helpful for new traders because it means you do not have to risk any of your own capital.
Islamic Account
All of the M4Markets accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.
PAMM Account
M4Markets does offer a PAMM service. PAMM accounts allow Nigerian traders to invest in trading strategies executed by experienced account managers. This service can be very helpful for new forex traders, as it means they can benefit from a fully-managed investment portfolio, as well as live investment updates.
M4Markets Registration – How To Open A Trading Account
As part of our M4Markets review, we looked at their registration process. If you live in Nigeria, then you can open a trading account under the FSA business entity. Signing up for an account is easy. To get started, visit their website, complete the registration form, and provide your personal details. Then, when asked, give them your chosen login details. Next, complete the online trading quiz. This will show them that you have some knowledge of forex trading, and are eligible for the service.. Next, complete their KYC process, submit copies of your documents, and select your preferred account type. This will enable them to confirm your identity and activate your account.
M4Markets Registration – How To Verify A Trading Account
As part of our M4Markets broker review, we looked at their account verification process. To open a live trading account you’ll need to send them a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Forex Bonuses
If you’re looking for a good deal, M4Markets usually has a great selection of forex bonuses. Their promotions typically include no deposit bonuses, welcome bonuses, and deposit bonuses. Their offers change regularly and they are always adding new offers to their online blog.
M4Markets Payment Methods
As part of our M4Markets broker review, we looked at what payment options are available. M4Markets has an easy registration process, with low minimum deposits, and a good range of deposit methods. As such, funding your account is generally very quick and easy. They also offer a good choice of withdrawal methods, with low withdrawal fees, and fast transactions. As such, withdrawing money from your account is also generally very quick and hassle-free. More details below.
M4Markets Deposits
M4Markets accepts a wide range of payment options including debit cards, credit cards, bank transfer, Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, and UnionPay. The minimum deposit varies for each payment method, as does the deposit fee. For example, deposits made via bank transfer are free, and processed within 1-3 working days. Whereas, deposits made via debit card are free, and processed instantly.
M4Markets Withdrawals
M4Markets accepts a wide range of withdrawal options including debit cards, credit cards, bank transfers, Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, and UnionPay. The withdrawal time varies for each payment method, as does the withdrawal fee. For example, withdrawals made via bank transfer are free, and processed within 1-3 working days. Whereas, withdrawals made via debit card are free, and processed within 1 business day.
M4Markets Trading Platforms
M4Markets offers access to MT4 and MT5 – two of the best online trading platforms available on the market. The platforms are available on desktop and mobile. This means that you can trade whenever you want, wherever you want.
MetaTrader4 (MT4) is one of the world’s top online trading platforms. It has a very user-friendly interface and comes with many handy, built-in trading tools. You can use it to trade all of the most popular and liquid trading instruments including forex, stocks, and indices. The MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to work on your market analysis and create trading strategies.
MetaTrader5 (MT5) is also a popular online trading platform for new traders. It has an easy-to-use interface and comes with lots of helpful trading tools. You access and trade all of your favourite markets including forex, shares, and crypto. It is very easy to navigate. The MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly more functionality than MetaTrader4 and offers you more analysis tools.
M4Markets Trading Tools
- Economic Calendars – They offer a free economic calendar to help you monitor market news. The calendar covers many important economic data releases from around the world. It also includes detailed explanations and forecasts. As such, it makes tracking news and predicting price movements easier.
- Trading Calculators – They have a range of trading calculators that you can use to plan your trades, manage your risk, and implement more effective trading strategies. The available trading calculators include a pip calculator, a Fibonacci calculator, a currency calculator and a pivot calculator.
Education And Research
At M4Markets you can find a wide selection of online training materials to help you improve your trading. If you want to learn different trading techniques, then you can join one of their free online trading webinars. And if you want help with your research, then you can take advantage of their free online market analysis.
M4Markets Trading Hours
M4Markets operates during standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.
M4Markets Customer Support
The customer support team is available 24/5 via live chat, email, or phone. You can also get in touch with them using the contact us form on their website. They are a helpful team and offer great customer service. It’s worth noting that customer support is only available during usual market hours.
Our Verdict
M4Markets is a reputable and trustworthy forex broker. The company was founded in 2021 and is becoming a well-known name in the forex industry. They provide easy account access, a wide range of trading resources, and helpful customer support. They also provide a secure trading environment and a good level of client fund security.
M4Markets values fair and transparent trading. When it comes to their trading services, they have built their account model around these values. They use a fair pricing model to ensure all Nigerian traders can benefit from great online trading conditions. They also offer regular trading bonuses to ensure Nigerian traders can also benefit from better market access and higher initial trading capital.
M4Markets also values education and support. When it comes to their trading technology, they have two of the best online trading platforms in the industry. They provide customers with helpful tools, news, and market analysis, enabling Nigerian traders to navigate the markets more successfully. They also provide free educational content and detailed articles to help more Nigerian traders improve their skills and learn to trade profitably..
If you’re new to online forex trading and want to know where to start, or if you’re a seasoned Nigerian trader looking for a better platform to work with, check out M4Markets today. Either way, you won’t be disappointed.
M4Markets Broker Review – FAQ
Yes, in our opinion, M4Markets is a good forex broker. The broker has a variety of different account types, some of which have low minimum deposits. They offer a nice selection of trading assets, including forex, stocks, and, indices. They also offer good trading conditions and fair pricing, enabling you to benefit from a good trading environment. In our opinion, they are a good forex broker and a great choice for traders in Nigeria.
Yes, M4Markets is a legit forex broker. They offer great trading products and have a growing audience in Africa. They are registered with two well-known financial institutions, apply strict client fund safety measures, and have won many awards for their services. M4Markets has a good choice of trading instruments and trading bonuses. In our opinion, they are a legit forex broker and a great choice for traders in Nigeria.
Yes, M4Markets in Nigeria is a registered forex broker. They are registered with the CySEC in Cyprus, and the FSA in the Seychelles. Traders in Nigeria can open an account with the FSA-regulated business. The FSA-regulated business operates with slightly less regulatory oversight. However, they still implement strict security and client fund safety protocols.
Yes, M4Markets in Nigeria is good for beginners. M4Markets offers fair trading conditions, low minimum deposits, and fast trade execution. They also offer helpful trading resources and educational materials. For example, beginner traders, who may need more help with their trading, get access to a library of trading articles. This gives them access to expert insights and increases their chances of trading profitably.
M4Markets in Nigeria is a good forex broker. They have great trading bonuses, helpful trading tools, and many educational resources. They also have great account types, helpful customer support, and good client fund security. However, if you want to look at other options before deciding, there are also other brokers operating in Nigeria. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Ready to get started? Register for an online trading account with M4Markets here.
M4Markets Broker Review – Similar Brokers
M4 Markets is a great choice for forex traders. However, if you want to see some alternatives, there are also many other brokers in Nigeria. Here are some similar companies.
Looking for more information? Check out our forex broker reviews.