M4Markets is an offshore forex and CFD broker regulated in the Seychelles, with a separate CySEC entity for European clients and a DFSA-licensed arm in Dubai. It offers a 50% credit bonus that adds tradable margin on deposits and a refer-a-friend scheme that pays $5 for every standard lot a referred friend trades. The credit bonus carries a steep per-lot conversion requirement before it becomes withdrawable, so the headline percentage is conditional on very active trading.
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.
M4Markets
M4Markets adds a 50% credit bonus to each deposit on an MT4/MT5 Bonus account, and the credit converts to withdrawable cash as you trade FX or metals.
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.
Profile checked against official sources on · How we rate
M4Markets launched in 2019 as the trade name of Trinota Markets (Global) Limited, a Seychelles FSA-licensed securities dealer (SD035). The group added a CySEC-licensed Cyprus entity, Harindale Ltd (licence 301/16), for European clients around 2022, and a DFSA-licensed Dubai arm, Oryx Finance Ltd, in 2023. Both the Seychelles and Cyprus licences verify on their regulators' public registers.
As with most multi-entity brokers, the promotions run through the offshore arm: both bonus programs are governed by Seychelles law under Trinota Markets, regardless of where the client sits. EU clients under the CySEC entity are outside the bonus programs entirely.
Trading runs on MetaTrader 4 and 5. The Standard account opens from $5 with spreads from 1.1 pips and no commission; Raw Spread needs $500 and quotes from 0.0 pips plus $7 round-turn; Premium starts at $10,000 with $5 commissions. Dynamic Leverage accounts reach 1:5000 and Cent accounts suit tiny sizes, but neither qualifies for the credit bonus, which requires the dedicated Bonus variants of Standard, Raw Spread or Premium.
The headline offer adds 50% of each deposit as trading credit, from a $50 minimum up to a $10,000 lifetime cap per client. The credit works as margin immediately, but converting it into withdrawable balance is a grind: each standard lot of forex or metals traded converts just $2 on Standard accounts or $1 on Raw Spread and Premium, and each qualifying trade must stay open at least three minutes. A $500 bonus therefore needs roughly 250 to 500 lots to convert fully, tens of millions in notional volume.
Two clauses do the real damage. If account equity falls to the level of the credit, the bonus cancels automatically and instantly, which can trigger a stop-out at exactly the wrong moment; M4Markets explicitly disclaims liability for that. And internal transfers between accounts count as withdrawals, stripping the bonus. The terms also give the broker wide discretion to claw back the bonus and any profits for what it deems abusive trading, including hedged positions closed within two minutes and latency-based entries.
The refer-a-friend program is simpler: $5 per standard lot the referred friend trades on Standard accounts ($2.60 on Raw Spread, $2 on Premium), uncapped, paid to your wallet. The reward can be moved to a trading account and traded, but the terms state it is not redeemable in cash, so it too is trading credit rather than money. M4Markets also runs a gamified loyalty program (M4 Coins redeemable for physical prizes, earned at roughly 100 coins per $100,000 of volume) and rotating sponsorship promotions.
The credit bonus excludes the United States, Cuba and North Korea; the referral program also excludes Canada, Sudan and Syria. Introducing brokers and their referred clients are excluded from the referral scheme, and MAM/PAMM accounts from the bonus. Verification and an activated live account are prerequisites for both.
Complaints run through a documented internal process, but decisions are final under Seychelles law, with no external ombudsman. The sensible framing: the 50% credit is useful margin for a strategy you were running anyway, the conversion mechanics are not worth chasing, and the equity-trigger clause means you should never let a drawdown approach the credit amount with positions open.
Yes, across three entities: Trinota Markets (Global) Limited under the Seychelles FSA (SD035), Harindale Ltd under CySEC (301/16) for EU clients, and Oryx Finance Ltd under Dubai's DFSA. The bonuses run through the Seychelles entity under Seychelles law, so bonus claimants get the offshore protection tier.
Each deposit of $50 or more to a Bonus-type Standard, Raw Spread or Premium account is matched at 50%, up to $10,000 lifetime. The credit is usable as margin immediately, and converts to withdrawable balance at $2 per standard lot traded on Standard accounts or $1 on Raw Spread and Premium, with each trade held at least three minutes.
Only the portion you have converted through trading volume, at $1 to $2 per standard lot. Realistically, most claimants should treat the credit purely as extra margin. Note that any withdrawal or internal transfer strips the unconverted bonus, and equity falling to the credit level cancels it automatically.
You earn $5 for every standard lot of forex or metals your referred friend trades on a Standard account ($2.60 Raw Spread, $2 Premium), with no cap. The reward lands in your wallet and can be traded, but the terms state it is not redeemable in cash. IBs and their clients are excluded.
The credit bonus excludes the US, Cuba and North Korea. The referral program additionally excludes Canada, Sudan and Syria. Errante-style EU restrictions apply too: clients onboarded under the CySEC entity receive no bonuses.
The equity trigger: if your account equity drops to equal the bonus credit, the credit cancels instantly and automatically, removing margin at your weakest moment and potentially causing a stop-out the broker explicitly disclaims responsibility for. Size positions so a normal drawdown never approaches the credit amount.