Refer a Friend: $5 per Standard Lot Your Friend Trades
by M4Markets
M4Markets pays referring clients $5 for every standard lot of FX or metals their referred friend trades, with lower rates on Raw Spread and Premium accounts.
Researched and rated by the BrokerBonuses editorial team · Last verified 2026-06-07 · How we rate
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Value rating breakdown
Availability
Checking availability…All countries except those restricted
The catch
Reward is credited to the client's Wallet and can only be moved to a trading account; per T&C clause 9 it is NOT redeemable in cash and cannot be transferred to another account holder. It therefore behaves as non-cashable trading credit: the $5/lot reward itself can never be withdrawn, and only profits generated by trading that credit could potentially be cashed out.
How to claim
- Open and verify a live M4Markets MT4/MT5 account (complete KYC/economic profile)
- Go to the 'Refer a Friend' section in the Client Area
- Use the auto-generated referral link or create a custom one
- Share the link by email or social media
- Earn rewards automatically as each referred friend trades, credited to your Wallet
Full review
The M4Markets Refer a Friend program rewards existing verified clients for bringing in new traders. You share a referral link from your Client Area, and once your friend opens a live MT4 or MT5 account and starts trading, you earn a rebate on their FX and metals volume.
The rate is $5 per lot on a Standard account, $2.60 per lot on a Raw Spread account, and $2 per lot on a Premium account. There is no cap on how many people you can refer or how much you can earn. The catch is in how the reward behaves.
It is paid into your Wallet and can be moved to a trading account, but the terms state plainly that it is not redeemable in cash and cannot be transferred to another account holder. In practice that means the reward is tradeable credit rather than withdrawable money, and your earnings depend entirely on whether your friends actually trade.
You only get paid as they complete lots, so a referral who registers but never trades earns you nothing. Eligibility is limited to direct clients who have completed KYC. Clients introduced by IBs, and IBs themselves, are excluded, and you cannot refer yourself or count the same friend twice.
The promotion is not available to residents of the USA, Canada, Cuba, Sudan, Syria, and North Korea. M4Markets is the trade name of Trinota Markets (Global) Limited, regulated by the Financial Services Authority of Seychelles under license SD035.
Pros
- +$5 per standard lot with no cap on referrals or total earnings
- +Low $5 minimum deposit to open a qualifying account
- +Reward accrues automatically as referred friends trade
Cons
- −Reward is not redeemable in cash, only usable as trading credit
- −You earn nothing unless your referred friends actually trade
- −IB-referred clients and IBs are excluded
- −Not available in the USA, Canada, and several sanctioned countries
- −Anti-abuse rules void lots from scalping-style trading: positions entered/exited with latencies, and hedging closed in under 2 minutes, can be disqualified (page 4)
- −Company can withhold or claw back both the credit reward and any profits at its sole discretion under a broad, non-exhaustive 'abusive behaviour' definition (clause 13a)
Per-lot referral reward with M4Markets
Now you know the terms. Claim it on the broker's own site.
Sources & verification
We research every bonus from the broker's official pages and re-check it on a 60-day schedule.
Confirmed against official sources: type, Bonus amount, Account type, Withdrawal terms, Turnover requirement, Minimum deposit, Restricted countries, Time limit, status.
Broker regulation: FSA Seychelles (license SD035), CySEC (license 301/16), DFSA (license F007051).
- Bonus terms and conditions: m4markets.com ↗
- M4Markets official site: m4markets.com ↗
Last verified 2026-06-07. Next review within 60 days.