Contents
- 1 M4Markets Basics
- 2 About M4Markets
- 3 Key Benefits
- 4 Why Choose M4Markets
- 5 Regulation And Safety
- 6 Regulation In Kenya
- 7 Client Fund Safety
- 8 Industry Awards
- 9 M4Markets: Legit Or Scam?
- 10 Trading Assets
- 11 Trading Instruments
- 12 M4Markets Account Types
- 13 Live Accounts
- 14 Demo Accounts
- 15 Spreads
- 16 Commissions
- 17 Leverage
- 18 Islamic Swap-Free Accounts
- 19 M4Markets Forex Bonuses
- 20 M4Markets Registration – How To Open A Trading Account
- 21 M4Markets Registration – How To Verify A Trading Account
- 22 M4Markets Payment Methods
- 23 M4Markets Deposit Methods
- 24 M4Markets Withdrawal Methods
- 25 M4Markets Trading Platforms
- 26 Trading Tools
- 27 Education
- 28 M4Markets Customer Support
- 29 Our Verdict
- 30 M4Markets Forex Broker Review FAQ
M4Markets Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA, DFSA, FSCA |
| 💰 Minimum Deposit | $5 |
| 💳 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 |
About M4Markets
M4Markets is an established, reputable forex broker. It has great trading conditions complete with ultra-fast trade execution, no slippage, and no requotes. It also has excellent educational resources, useful trading tools, and fantastic customer support.
Key Benefits
Why Choose M4Markets
M4Markets is a reliable and trusted Forex broker that offers traders an array of advantages. Here are some of the key benefits you can expect when using M4Markets as your Forex broker:
- Low Spreads & Commissions: M4Markets offers competitive spreads and low commissions, allowing traders to maximize their profits with minimal costs.
- Variety of Trading Platforms: M4Markets gives you access to multiple online trading platforms, including MetaTrader4 (MT4) and MetaTrader5 (MT5)
- Advanced Charting Tools & Analysis Software: The advanced charting tools available through MT4 and MT5 enable you to analyse market trends and find good trading opportunities.
- 24/5 Customer Support: M4 Markets provides excellent customer service. You can access round -the -clock customer support via email, live chat, and telephone.
Regulation And Safety
M4Markets is a regulated forex broker.
They are a regulated forex broker. The trade name M4Markets is used by two companies, both working together, and both belonging to the same Group. This business model, although it may seem complicated, enables them to offer their services in more countries, including Kenya. The M4Markets Group has licences from two financial 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 authority of Cyprus and as an EU member state, is responsible for ensuring that forex brokers 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 FSA is the the financial authority of the Seychelles and is responsible for the licencing, supervision and development of non-bank financial services. Licence no: SD035
Regulation In Kenya
Traders in Kenya can open a online trading account with the FSA-regulated business. The FSA-regulated business operates with slightly less regulatory oversight than the CySEC-regulated business. However, traders who register with the FSA-regulated business still benefit from the same strict security and client fund safety protocols as traders under the CySEC-regulated business.
Client Fund Safety
At M4Markets, they take data protection and client fund security very seriously. They understand that our clients need to feel secure when trading with them and have put in place a number of measures to ensure a good level of client fund protection.
- Data Protection: They use the latest encryption technology for all data transfers, meaning your personal information is kept safe from hackers and other malicious actors. Their platform also features two-factor authentication which adds an extra layer of protection against unauthorized access to your account or funds.
- Segregated Accounts: They operate based on a segregated account policy. All client funds are held in segregated accounts, with top-tier banks, separate from company funds. This means that M4Markets can never use your money for business purpose. It also means that you can always be sure your money is kept safe and secure.
- Regulatory Compliance: As mentioned, M4Markets is fully regulated by CySEC (Cyprus Securities & Exchange Commission). This means that they comply with all European law governing their activities, they adhere to strict regulatory standards regarding client fund management, and they treat customer fairly in order to maintain their status as a licensed broker.
Industry Awards
M4Markets is an award-winning forex broker. It has made a great impression in the industry and won the best newcomer broker at the Forex Awards 2021. Its other 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 offers traders easy access to the global financial markets. They provide good trading accounts, a nice range of trading platforms, and excellent trading conditions. This forex broker also offers competitive spreads and leverage up to 1:500 for retail clients.
Trading Assets
M4Markets offers you access to a wide range of trading instruments. You can trade currencies, commodities, metals, indices, shares, and cryptocurrencies.
Trading Instruments
- Forex: M4Markets has many currency pairs including major, minor, and exotic pairs. You can trade many forex instruments including EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
- Shares: They have plenty of CFDs on shares. You can trade many different stocks across sectors such as technology, banking, healthcare, transport, and energy.
- Indices: They have many CFDs on indices available for trading. You can choose from many different indices across the American, European, and Asian markets.
- Commodities: They have plenty of CFDs on energies. You can trade all of the most common energy instruments including US Brent and Crude oil.
- Cryptocurrencies: They also have CFDs on cryptocurrencies. You can choose from Bitcoin, Litecoin, Ripple, Ethereum, and many more.
M4Markets Account Types
M4Markets has a great selection of trading accounts. At the moment, they are offering three main account types. These are the Standard Account, the Raw Spreads Account, and the Premium Account.
| 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 |
Live Accounts
As part of our M4Markets broker review, we checked their live account and what trading conditions are available. In our opinion, the best account option for new forex traders in Kenya is their Standard account. It has an average spread of 1.2 pips on forex pairs. It also has zero commission trading on some instruments. The account also comes with high leverage of up to 1:500, and access to the MetaTrader forex platforms. The M4Markets minimum deposit for this account is $100.
Demo Accounts
M4Markets also offers a demo trading account. In our opinion, this is one of the best forex trading tools. With the M4Markets demo account you can develop your trading skills and test new forex trading strategies. You can also get a feel for the trading platforms and what it’s like to trade on the financial markets. With the demo account, you can also learn to trade using virtual money. This is very important for new traders because it means you can practise trading without any of your own money.
Spreads
At M4markets, spreads are variable and depend on market conditions. They generally start from 1.2 pips for major currency pairs such as EUR/USD. This makes them an attractive option for traders looking to keep their trading costs down.
Commissions
In addition to spreads, some brokers also charge commission on trades placed through them. At M4Markets, the commissions vary depending on your account type. However, if you trade on the M4Markets Standard Account, or alternatively on the M4Markets Premium Account, then there are no commission fees whatsoever!
Leverage
With the M4Markets leverage of up 1:500, even small capital investments can be leveraged significantly allowing greater profits when compared against traditional investing methods. Additionally, margin requirements are kept low so that even those who don’t have large amounts of capital available still have access great investment opportunities.
Islamic Swap-Free Accounts
All of the M4Markets accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.
M4Markets Forex Bonuses
If you’re looking for a forex bonus, then M4Markets could be the right broker for you. They have plenty of forex bonuses and special offers. Their promotions typically include no deposit bonuses, welcome bonuses, and deposit bonuses. They often introduce new offers and they are always adding new deals to their website. At the moment, M4Markets is offering a 50% credit bonus up to $5000. T&Cs Apply.
M4Markets Registration – How To Open A Trading Account
As part of our M4Markets review, we looked at their registration process. If you live in Kenya, then you can open a M4Markets forex trading account under the FSA-regulated business entity. Signing up for a trading account is quick and easy.
To get started, simply to to their website, fill in the online registration form, and choose your login details. This will enable M4Markets to start creating your account. Next, complete their quick online trading quiz. This will show them that you have some knowledge of forex trading, and are eligible to use their service. Next, complete their account verification process and submit copies of the requested documents. 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 also looked at their account verification process. To verify your trading account, you’ll need to send M4Markets a proof of ID and a proof of address. This is so that they can check your identity and carry out the required regulator checks. The account verification process is quite quick and simple. You can send them photocopies of your Passport or Driving License. You can also send them photocopies of a utility bill or a bank statement registered in your name. After you have provided these documents, they will approve your account, and you can start trading.
M4Markets Payment Methods
As part of our M4Markets broker review, we have checked what payment options they offer. M4Markets has an easy online registration process, with low minimum deposits, and a good range of payment methods. As such, it is fairly easy to set up and fund your trading account. They also offer a good choice of withdrawal methods, with low withdrawal fees, and fast transactions. As such, it is also fairly easy to close your account and withdraw money if needed. More details below.
M4Markets Deposit Methods
M4Markets offer many deposit methods including debit card, credit card, and bank transfer. If needed, they also have other funding methods including Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, UnionPay. The M4Markets minimum deposit varies for each payment method, as does the deposit time and the deposit charge. For example, deposits made via bank transfer are free, and processed within 1-3 working days.
M4Markets Withdrawal Methods
M4Markets accepts a wide range of withdrawal methods including debit cards, credit cards, and bank transfers. If preferred, they also offers other withdrawal options such as Skrill, FasaPay, Neteller, Perfect Money, Vload, Sticpay, Bitwallet, and UnionPay. The withdrawal time varies for each payment method, as does the withdrawal charge. For example, withdrawals made via bank transfer are free, and processed within 1-3 working days.
M4Markets Trading Platforms
M4Markets has two of the best trading platforms on the market – MetaTrader (MT4) and MetaTrader (MT5). The platforms are they free to download. They are also available on all devices including desktop, tablet, and mobile. MT4 and MT5 are both very easy to use. The user interfaces are intuitively designed and easy to navigate. The platforms provide you with access to the global financial markets, allowing you to easily trade currencies, commodities, stocks and indices. They also feature many advanced charting tools as well as many differed order types. As such, the M4Markets trading platforms are suitable for both beginner and experienced traders alike.
Trading Tools
M4Markets offers a small selection of free trading tools. They have some helpful options for beginners including a free economic calendar and free forex calculators.
- Economic Calendars: They provide access to a free economic calendar. This tool is designed to help you monitor market news and stay on top of economic data release. The calendar covers all major markets. As such, it can make understanding price trends much easier.
- Trading Calculators: They provide access to a small range of trading calculators. These tools are designed to help you plan and manage trades. Their available trading calculators include a pip calculator, a Fibonacci calculator, a currency calculator and a pivot calculator.
Education
M4Markets has many useful education resources. If you want to learn more about forex trading, then you can take part in their free webinars. And if you want help staying on top of price trends, then you can use their free market analysis.
M4Markets Customer Support
M4Markets offers great customer support. The team is available 24/5 via live chat, email, or phone. You can also contact them using the form on their website.
Our Verdict
M4Markets is a reliable, trustworthy forex broker that offers excellent online trading services. It has great account options, industry-leading trading platforms, and cutting-edge technology. It also has helpful educational resources and great trading support.
M4Markets Forex Broker Review FAQ
Yes, in our opinion, M4Markets is a good forex broker. The broker has a nice selection of trading accounts and trading instruments. You can trade many different financial markets including forex, stocks, and, indices. They also have fair trading conditions and competitive pricing, enabling you to benefit from a low-cost trading environment. In our opinion, they are a good forex broker and a suitable choice for traders in Kenya.
Yes, M4Markets is a legit forex broker. They are fairly new to the industry but they have already earned a great reputation. They are regulated by two well-known financial institutions, apply strict client fund safety measures, and offer a high level of data protection. In terms of their trading services, they offer good choice of trading account and trading instruments. In our opinion, they are a legit forex broker and a great choice for traders in Kenya.
Yes, M4Markets in Kenya is a registered forex broker. They are licensed by CySEC in Cyprus, and the FSA in the Seychelles. Thanks to this high level of regulatory oversight, traders in Kenya can benefit from comprehensive client fund security measures, as well as robust data security protocols. They can also benefit from access to good trading conditions, fair pricing, and a secure online trading environment.
Yes, M4Markets in Kenya is good for beginners. M4Markets offers fair trading conditions, low trading costs, and fast trade execution. They also offer helpful trading resources and educational materials. This means that M4Markets is able to provide a good trading environment for beginners, as well as extensive trading support.
M4Markets in Kenya is a great forex broker. They have good trading conditions, great trading bonuses, and great trading platforms. They also have nice trading tools, helpful customer support, and good client fund security. However, if you want to look at all your options before deciding, there are also many other forex brokers operating in Kenya. We recommend looking at HotForex, FXTM, FXPro, FXPesa, and Instaforex.
Ready to get started? Register for an online trading account with M4Markets review.