M4Markets is a forex and CFD brand founded in 2019. International clients deal with Trinota Markets (Global) Limited, licensed by the Seychelles FSA as a securities dealer, and clients in the European Economic Area with Harindale Ltd, a CySEC-licensed Cyprus investment firm formerly named ICC Intercertus Capital Ltd. Oryx Finance Ltd, licensed by the Dubai Financial Services Authority, markets the brand in the UAE.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Financial Services Authority Seychelles (FSA) | SD035 | Trinota Markets (Global) Limited | Authorised Checked 26 Oct 2026 | Register entry for Trinota Markets (Global) Limited (opens in a new tab) 2 |
| Cyprus Securities and Exchange Commission (CySEC) | 301/16 | Harindale Ltd | Authorised Checked 26 Oct 2026 | Register entry for Harindale Ltd (opens in a new tab) 1 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
M4Markets’ two client-facing companies are on their regulators’ registers: Trinota Markets (Global) Limited is listed by the Seychelles FSA as a securities dealer and Harindale Ltd is a CySEC-licensed Cyprus investment firm permitted to deal on its own account. We could not check the DFSA licence of Oryx Finance Ltd, which its own site calls a marketing and introducing entity although the other sites call it a securities dealer. EU clients have segregation, negative balance protection, the Investor Compensation Fund and the Cyprus ombudsman. International clients’ money may be passed to liquidity providers as margin, their agreement both promises negative balance protection and makes them liable for deficits, and they have no compensation scheme or independent dispute body; the insurance M4Markets advertises is not described in detail. M4Markets does not say who owns the ORYX group behind it. CySEC settled with Harindale, then trading as Axiance, for EUR 100,000 in 2022 over retail CFD restrictions, Brazil’s CVM ordered the companies to stop offering services in Brazil in 2026, and Japan and Malaysia list the brand as unauthorised.
Both client-facing companies are on their regulators’ registers: Harindale Ltd on CySEC’s register under licence 301/16 with the trade name M4Markets and the domain www.m4markets.eu, and Trinota Markets (Global) Limited on the Seychelles FSA’s list of securities dealers with the trade name M4MARKETS and the website www.m4markets.com. The FSA list does not show licence numbers.
The international footer names the companies that share the brand, each site says which company operates it and shows a notice when a visitor moves between the Seychelles, EU and UAE sites, and each agreement names its contracting company and regulator.
CySEC authorises Harindale Ltd to deal on own account in financial instruments 1 to 10, which include CFDs, matching its execution policy, under which it acts as principal; the FSA lists the Seychelles company as a securities dealer.
Both registers show the companies as current, with no suspension or restriction. CySEC’s only decision about Harindale is the 2022 settlement, which imposed no restriction.
The footers, agreements and company information give the companies’ full names, registration numbers and registered addresses, which match CySEC’s register and GLEIF.
Reduced the enforcement dimension by 10 points (moderate severity, 0.7 years before the review).
Reduced the enforcement dimension by 5 points (moderate severity, 4.3 years before the review, counted at half weight).
Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).
Reduced the enforcement dimension by 1 points (low severity, 5.8 years before the review, counted at half weight).
Not met We found no complaint statistics published by M4Markets, or by a regulator or ombudsman for its companies.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 12
Both client-facing companies are on their regulators’ registers: Harindale Ltd on CySEC’s register under licence 301/16 with the trade name M4Markets and the domain www.m4markets.eu, and Trinota Markets (Global) Limited on the Seychelles FSA’s list of securities dealers with the trade name M4MARKETS and the website www.m4markets.com. The FSA list does not show licence numbers.
Regulatory claims on the website are accurate 1278910
The CySEC and FSA licences M4Markets states match the registers. We could not check the DFSA licence of Oryx Finance Ltd, which the international and EU sites call a securities dealer while its own UAE site calls it a marketing and introducing entity.
Clients can tell which regulated entity serves them 1011121314
The international footer names the companies that share the brand, each site says which company operates it and shows a notice when a visitor moves between the Seychelles, EU and UAE sites, and each agreement names its contracting company and regulator.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Ultimate ownership can be identified 13151618
The EU site says M4Markets is the trade name of the ORYX group without saying who owns it, Harindale’s Pillar III disclosures do not name its shareholders, and GLEIF reports unnamed natural-person owners for Harindale and non-public parent data for the Seychelles company. We found no official record that names who owns M4Markets.
Financial statements are available 1819
Harindale Ltd publishes Pillar III disclosures for 2021 to 2025; those for 2025 say they are audited and show own funds of EUR 807,403 and a capital ratio of 107.65%. We found no financial statements for the Seychelles company, which serves international clients.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 121420
Harindale’s agreement keeps client funds in segregated accounts. The Seychelles agreement places client money in segregated accounts with approved banks or payment providers but lets the company pass it to liquidity providers and other parties, including as margin, where it may not be separable from others’ money.
Retail clients have negative balance protection 11121420
Harindale’s agreement gives negative balance protection. For international clients the support centre and the agreement’s definition promise it, but the agreement’s risk section says clients are liable for any deficit after liquidation and the home page warns of unlimited losses greater than the amount deposited.
An investor compensation scheme applies 12212223
Eligible clients of Harindale Ltd are covered by the Investor Compensation Fund, of which it is a member. No compensation scheme covers clients of the Seychelles company; the fund insurance of up to USD 1 million that M4Markets advertises for them is not a compensation scheme and its terms are not published.
Banking and custody arrangements are disclosed 121424
The agreements refer to segregated accounts with reliable institutions or approved banks and payment providers, and the EU funding page names only the authorities that supervise its payment providers; neither names the banks that hold client money.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 18 points.
Warning lists and enforcement records have been searched 3427282930
We searched CySEC’s board decisions, the FCA’s list, the CVM’s declaratory acts, the Indian and Malaysian alert lists and Japan’s FSA lists, and ran web searches for other regulators’ actions. We found a CySEC settlement (2022), a CVM stop order (2026), a Japan FSA warning (2025) and a Malaysian alert (2021); FSA Seychelles notices about look-alike sites concern impostors.
Warned by Japan’s Financial Services Agency for soliciting derivatives business without registration 28
29 Jan 2025. Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).
Listed on the Securities Commission Malaysia Investor Alert List 29
1 Jan 2021. Reduced the enforcement dimension by 1 points (low severity, 5.8 years before the review, counted at half weight).
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
Independent complaint outcomes show no adverse pattern
We found no published ombudsman or dispute-body decisions about M4Markets’ companies.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Costs are disclosed before account opening 2634353637
M4Markets publishes spreads, commissions per account, a swap rate table with the mark-up it applies, its currency conversion approach (market rate, no extra fee) and inactivity fees (40 units a month after three months for international clients, 10 units a month after a year in the EU).
An order execution policy is published 6123338
Harindale’s execution policy says it is principal and sole execution venue and sets out the execution factors, and conflicts policies are published, but no policy names the liquidity providers. The Seychelles company has no separate execution policy; its agreement says it acts as principal or agent and is the counterparty.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Marketing claims are accurate and attributable 810112140
M4Markets lists awards mostly from business magazines and expos, claims 35 million users without a source, advertises fund insurance without naming the insurer or its terms, and calls its DFSA company a securities dealer while that company calls itself a marketing and introducing entity.
An address and working contact channels are published 121215164142
Addresses, phone numbers and emails are published. The Cyprus address matches CySEC’s register and GLEIF, and the Seychelles office matches the FSA’s register; the agreement and GLEIF give CT House as the Seychelles registered address.
Material changes are communicated 121419
The Seychelles agreement says amendments are notified in writing or on the website after the FSA approves them, and the documents carry dates, but we found no notices of changes, and the EU agreement in use dates from December 2023 while the EU policies date from 2025.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Financial Services Authority Seychelles (FSA) · Reference SD035 2
Securities dealer
Listed by the FSA as a securities dealer with the trade name M4MARKETS and the website www.m4markets.com; the licence number is M4Markets’ own (the register shows none).
Cyprus Securities and Exchange Commission (CySEC) · Reference 301/16 1
Reception and transmission of orders, execution of orders on behalf of clients and dealing on own account in financial instruments 1 to 10; ancillary services including safekeeping, granting credit for transactions and foreign exchange connected to investment services.
Licence granted 27 April 2016. Approved trade name M4Markets and domain www.m4markets.eu.
Dubai Financial Services Authority (DFSA) · Reference F007051 7
Prudential Category 4, according to M4Markets; the 2024 register copy showed arranging deals in investments and dealing as principal on a matched principal basis only
Not verified: the DFSA’s website refuses our requests and the newest archived copy of its register entry (2 December 2024) is older than 12 months. That copy listed Oryx Finance Ltd, trading name M4Markets, under F007051, licensed on 2 May 2023.
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
On 23 February 2026 the CVM’s markets and intermediaries department said it had found signs that Trinota Markets (Global) Limited, Harindale LTD and Oryx Finance Limited were using m4markets.com to seek clients resident in Brazil without CVM authorisation. By Ato Declaratório CVM 24.852 of 20 February 2026 it ordered them to suspend immediately any public offering of securities intermediation services, with a daily fine of R$1,000 for non-compliance.
On 29 January 2025 Japan’s Financial Services Agency warned Trinota Markets (Global) Limited, of Mahe, Seychelles, for soliciting over-the-counter derivatives trading over the internet without registration in Japan, under the service name “M4Markets”. The entry gives the month; the date of 29 January 2025 comes from another entry on the list that refers to this warning. The entry was still on the list updated on 23 October 2026.
On 18 July 2022 CySEC’s board agreed a settlement of EUR 100,000, which was paid, with ICC Intercertus Capital Limited for a possible violation, between January 2020 and May 2021, of Article 42 of Regulation (EU) No 600/2014 as applied by paragraph 5 of CySEC Directive DI87-09, which prohibits taking part in activities that circumvent the restrictions on CFDs offered to retail clients. CySEC announced it on 10 August 2022. The company, identified by the same LEI, was later renamed Harindale Ltd and is now M4Markets’ EU company; at the time of the conduct it traded as Axiance.
The Securities Commission Malaysia’s Investor Alert List includes “M4Markets”, with the website www.m4markets.com, for carrying on unlicensed capital market activities. The list records the entry under the year 2021 without a specific date; we use 1 January 2021. The entry was still on the list when we checked on 26 October 2026.
Firms can respond to their profile and to any finding. No response has been published for M4Markets. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 26 Oct 2026 | Trust score 80 out of 100 Strong | 1.2 | Current |
No corrections have been made to this profile.
Lists licence 301/16 granted on 27 April 2016, company registration 346662, the address Spyrou Kyprianou 78, Magnum Business Center, 3076 Limassol, the email support@m4markets.eu, the approved trade name M4Markets, the previous name ICC Intercertus Capital Ltd and the approved domain www.m4markets.eu. Authorises reception and transmission of orders, execution of orders and dealing on own account in financial instruments 1 to 10, with ancillary services including safekeeping, granting credit and foreign exchange, cross-border services to EEA states except Belgium, and services to eleven countries outside the EU, including the United Arab Emirates and Malaysia. No suspension or restriction is shown.
The FSA’s register of capital markets licensees lists Trinota Markets (Global) Limited among securities dealers, with the trade name M4MARKETS, the address JUC Building, Office No. F4, Providence Zone 18, Mahe, the email info@m4markets.com and the website www.m4markets.com, and lists Marios Antoniou as a securities dealer accredited with the company. The register does not show licence numbers.
Announced on 10 August 2022 (board decision of 18 July 2022): CySEC reached a settlement of EUR 100,000, which was paid, with ICC Intercertus Capital Limited (LEI 549300C7ANWSAJCH4Y03, now Harindale Ltd) for a possible violation, from January 2020 to May 2021, of Article 42 of Regulation (EU) No 600/2014 as applied by paragraph 5 of Directive DI87-09, the prohibition on taking part in activities that circumvent the restrictions on CFDs for retail clients. No judicial review is recorded.
On 26 October 2026 we searched CySEC’s board decisions (all 1,173 to 2 October 2026 and the latest page, to 16 October 2026), the FCA’s list of investment firms, the CVM’s declaratory acts dataset (downloaded on 26 October 2026), the Reserve Bank of India’s alert list (19 November 2025), Bank Negara Malaysia’s Financial Consumer Alert List and the Securities Commission Malaysia’s Investor Alert List (both read on 26 October 2026) and Japan’s FSA lists (23 October 2026) for M4Markets, Trinota Markets, Harindale, its former name ICC Intercertus Capital and Oryx Finance, and ran web searches for actions by the FCA, Consob, the CNMV, the AMF, the FSMA, the DFSA and the FSA Seychelles. We found the CySEC settlement of 2022, the CVM stop order of 2026, the Japan FSA warning of 2025 and the Malaysian entry of 2021. The FSA Seychelles’ notices about m4-platform.com (2024) and m4market.in (2023) concern impostors, and a Consob order about mt4markets.com concerns another firm.
Gives Harindale Ltd’s CIF licence 301/16, registration HE 346662 and registered office at Spyrou Kyprianou 78, Magnum Business Center, Limassol, and lists its investment services (reception and transmission, execution and dealing on own account) and financial instruments, including CFDs.
Says the company acts as principal and is the sole execution venue for client orders, which are executed over the counter, sets out the execution factors and how it monitors execution, and does not name its liquidity providers.
The DFSA’s website refuses our requests and the newest Internet Archive copy of this entry is from 2 December 2024, older than the 12 months we accept, so we do not rely on it to verify the licence. It listed Oryx Finance Ltd, trading name M4Markets, DFSA reference F007051, licensed on 2 May 2023 for arranging deals in investments and dealing in investments as principal on a matched principal basis only, with endorsements for retail clients and client assets, and named Marc Oliver Joppeck, Avgoustinos Athiainitis and Michael Christoforou among its authorised individuals.
Says Trinota Markets (Global) Limited is regulated as a securities dealer by the Seychelles FSA (SD035), Harindale Ltd is authorised and regulated by CySEC (301/16) and Oryx Finance Limited “is regulated as a Securities Dealer” by the DFSA (F007051, Prudential Category 4), and that client funds are held in segregated accounts.
Describes the group’s CySEC, FSA Seychelles (SD035) and DFSA (F007051, Prudential Category 4) licences, calling Oryx Finance Limited a securities dealer regulated by the DFSA.
Says Oryx Finance Ltd, founded in 2022, is authorised and regulated by the DFSA under licence F007051, Prudential Category 4, and that m4markets.ae is operated by Oryx Finance Ltd, which “serves as a marketing and introducing entity within the United Arab Emirates”, at Central Park Office Tower, Level 1, Office 42, DIFC. Its risk warning gives a 73% retail loss figure.
The footer says M4Markets is a co-brand shared by Trinota Markets (Global) Limited (8425037-1, FSA securities dealer licence SD035, JUC Building, Office No. F4, Providence Zone 18, Mahe), Oryx Finance Ltd (DFSA F007051, Prudential Category 4), Harindale Ltd (CySEC 301/16) and VHTM Services Limited (Spyrou Kyprianou 78, Magnum Business Center, Limassol). Its risk warning says transactions can result in unlimited losses greater than the amount deposited. The page advertises a USD 5 minimum deposit, leverage up to 1:5000, a credit bonus of up to USD 10,000, a fund insurance policy of up to USD 1,000,000 “underwritten through Lloyd’s”, an “Audited by” Deloitte logo, “35 million+ users globally” and “millions of investors from over 100 countries”, and that M4Markets is regulated by the FSA, CySEC and the DFSA.
Agreement with Trinota Markets (Global) Limited (8425037-1, FSA SD035), registered address CT House, Office 9A, Providence, and head offices at JUC Building, Office F4, Providence Zone 18; M4Markets is its trade name. The company deals as principal or agent and is the contractual counterparty. Client money is placed in segregated client accounts with approved banks or payment providers, but may be passed to liquidity providers and other parties, including as margin, possibly in omnibus accounts (14). Negative balance protection is defined as adjusting a negative balance to zero, while the risk section says clients will be liable for any deficit after liquidation, and trading with high leverage around news may be treated as abuse of the protection. Support functions are outsourced to the affiliated Excedo Support Services Limited and VH TM Services Limited (Limassol) may process payments. Inactive accounts pay a monthly fee under the costs policy. Complaints go to complaints@m4markets.com under the complaint policy. Amendments are notified in writing or on the website after FSA approval. Dated August 2026; we use 1 August 2026.
The footer says m4markets.eu is operated by Harindale Ltd, authorised and regulated by CySEC under licence 301/16, which serves residents of the EEA, and that M4Markets is the trade name owned and used by the ORYX group. It warns that 80% of retail investor accounts lose money when trading CFDs with this provider, and says client funds are in segregated accounts and negative balance protection applies.
Agreement with Harindale Ltd (CySEC 301/16), trading as M4Markets. Client funds are placed in segregated accounts with reliable institutions, possibly omnibus accounts (18). The company provides negative balance protection, so clients cannot lose more than their account balance (18.8), and refers to the Investor Compensation Fund. Accounts inactive for a year may be charged 10 units a month (19). Complaints may be taken, depending on their value, to the Financial Ombudsman of Cyprus (31). Dated December 2023; we use 1 December 2023.
Harindale Ltd (HE 346662, LEI 549300C7ANWSAJCH4Y03, created 1 September 2015, validated against the Cyprus registry) gives its legal and head office address as Spyrou Kyprianou 78, Magnum Business Center, Limassol, and records ICC Intercertus Capital Limited as its previous legal name. The record says the company has no parent company because it is owned by natural persons, whom it does not name.
Trinota Markets (Global) Limited (8425037-1, LEI 2138001OS5PJBHEPBX71, created 28 January 2020) gives its legal and head office address as CT House, Office 9A, Providence, Mahe, and records Trinota Markets Limited as its previous legal name. The record says its parent information is not public.
Oryx Finance Ltd (DIFC 6189, LEI 984500ME00TB649A4630, created 13 October 2022, last updated 7 October 2026) gives its address as Unit OT 01-42, Level 1, Central Park Offices, Dubai International Financial Centre. The record gives “Axiance MENA” as its trading name and reports no consolidating parent.
Says the information is audited by the external auditors and published with the audited financial statements. The company had five employees in Cyprus. Its board: executive directors Michael Christoforou and Avgoustinos Athiainitis, non-executive director Marc Oliver Joppeck and independent non-executive directors Nikolas Kelepeniotis and Chrysoula Kitti Savva. At 31 December 2025 own funds were EUR 807,403 against a EUR 750,000 permanent minimum requirement, a total capital ratio of 107.65%. It does not name the shareholders.
Lists Harindale Ltd’s client services agreement, company information, complaints, conflicts of interest, order execution, client categorisation and Investor Compensation Fund documents, costs and charges, key information documents and Pillar III reports for 2021 to 2025. We found no complaint statistics among them.
The FAQs say M4Markets offers negative balance protection for all retail clients, so it is not possible to lose more than the amount deposited, and that under FSA rules client funds are held in segregated accounts.
Says clients of Trinota Markets (Global) Limited have benefited since 15 June 2026 from a fund insurance policy of up to USD 1 million, “underwritten through Lloyd’s”, on top of existing safeguards. It does not name the insurer, the insured events or the policy terms, and refers clients to support for details.
Explains that Harindale Ltd is a member of the Investor Compensation Fund for clients of Cyprus investment firms and which clients and claims are covered.
Describes the Investor Compensation Fund for clients of Cyprus investment firms that are its members, which secures covered claims of non-professional clients against members.
Lists deposit and withdrawal methods with minimum amounts, currencies, fees and processing times and the authority supervising each payment provider (such as the Central Bank of Cyprus, the Central Bank of Ireland and De Nederlandsche Bank), without naming the providers or the banks holding client money.
Lists deposit and withdrawal methods with minimum amounts, currencies, fees (none charged by M4Markets) and processing times (withdrawals usually within 24 working hours, arriving in up to five business days). Withdrawals go back to the deposit method, and a 3% fee applies if funds are withdrawn without trading after a deposit.
Sets out spreads, commissions on forex and metals CFDs (USD 3.5 per side on Raw Spread and USD 2.5 on Premium, none on Standard and Dynamic Leverage), swaps with a mark-up of up to 90% on the rates from its execution venues, automatic conversion at the market rate with no extra fee, no deposit or withdrawal fees, a chargeback investigation fee of at least 150 units and an inactivity fee of 40 units a month after three months without activity, with worked examples.
Market alert published on 23 February 2026: the CVM’s markets and intermediaries department found signs that Trinota Markets (Global) Limited, Harindale LTD and Oryx Finance Limited were using m4markets.com to seek clients resident in Brazil without CVM authorisation. By Ato Declaratório CVM 24.852 it ordered them to suspend immediately any public offering of securities intermediation services, with a daily fine of R$1,000 for non-compliance.
Lists Trinota Markets (Global) Limited, at Eden Plaza, Eden Island and JUC Building, Office F4, Providence Zone 18, Mahe, warned in January 2025 for soliciting over-the-counter derivatives trading over the internet without registration in Japan; the service named is “M4Markets”. The entry for Smarttool Trading SC Limited, warned in January 2026, gives the date of the Trinota warning as 29 January 2025 and says the two share the same or a very similar address, relationship unknown.
Checked on 26 October 2026. Includes an entry dated 2021 for “M4Markets”, with the website www.m4markets.com, for carrying on unlicensed capital market activities.
Notice of 28 November 2024 that the website m4-platform.com and a company called “M4Markets Broker” falsely claim to be associated with an FSA licensee and regulated under licence SD035; the FSA says that entity is unknown and unlicensed. It concerns an impostor, not Trinota Markets (Global) Limited.
Complaints go on the form to complaints@m4markets.com or by post to JUC Building, Office F4, Providence Zone 18, Mahe; they are acknowledged within two business days with a reference number and answered within 21 business days, or 90 for complicated complaints. Clients who are not satisfied can refer the complaint to the Seychelles FSA, the regulator; no independent dispute body is named. Dated November 2025; we use 1 November 2025.
Complaints go on the form to complaints@m4markets.eu or to the Limassol office, are acknowledged in writing within five days and answered within two months. Clients who are not satisfied can refer complaints of up to EUR 170,000 to the Financial Ombudsman of Cyprus, whose contact details are given.
Lists Trinota Markets (Global) Limited’s client services agreement, complaint handling policy, conflicts of interest policy, privacy policy, AML policy, costs and charges policy, key facts statement and cancellation and refund policy. It lists no separate order execution policy and no complaint statistics.
Compares Standard, Raw Spread, Premium, Dynamic Leverage and Cent accounts: minimum deposits of USD 5 to USD 10,000, spreads from 0.0 to 1.6 pips, commissions on forex and metals of USD 7 (Raw) and USD 5 (Premium), maximum leverage of 1:500 to 1:5000, a margin call at 100% and stop-out levels of 20% to 40% depending on the account.
Explains how overnight swaps are calculated, including an admin fee, says they are tripled on Wednesdays and publishes a table of long and short swap rates by symbol.
Compares Standard, Premium and VIP accounts: minimum deposits of EUR 100, EUR 5,000 and EUR 10,000, spreads from 0.1 pips, commissions of USD 60, 40 and 20 per million USD traded, retail leverage up to 1:30, a margin call at 100% and a stop-out at 50%. It says funds are held in segregated accounts and clients cannot lose more than their deposit.
Sets out spreads, commissions of USD 60, 40 and 20 per million USD traded, swaps with a mark-up of up to 60% on the rates from its execution venues, automatic conversion at market prices with no extra fee, no deposit fees and an administration fee of 10 units a month for accounts dormant for a year.
Describes how the Seychelles company identifies and manages conflicts of interest, including the review of its execution venues, hedging and liquidity providers, which it does not name.
Gives the margin requirement and maximum leverage for each instrument, for example 1:1000 on major forex pairs on the Standard account, and says lower maximums apply to Raw Spread and Premium accounts.
Says M4Markets was founded in 2019 and has entities regulated by CySEC, the DFSA and the FSA, and lists group awards from 2021 to 2026 given mostly by business magazines and expos, such as Best Multi-Asset Broker (World Business Stars Magazine) and Most Transparent Broker (Wealth Expo Medellin).
Gives the office JUC Building, Office No. F4, Providence Zone 18, Mahe, a Seychelles phone number, an email address, live chat and a callback form.
Gives the office Magnum Business Center, 78 Spyrou Kyprianou Avenue, 3076 Limassol, an email address, live chat and a callback form.
An Internet Archive copy taken on 3 October 2022, used only for the company’s history. The footer said the site was operated by Harindale Ltd, “formerly named ICC Intercertus Capital Ltd and trading as Axiance” (HE346662), and that M4Markets was the trade name used by the ORYX group of companies.
Records Ato Declaratório 24.852 of 20 February 2026, published in the official gazette on 23 February 2026, against Harindale Ltd, Oryx Finance Limited and Trinota Markets (Global) Limited.
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