M4Markets vs PrimeXBT

M4Markets or PrimeXBT – which is better for UK traders 2024? Compare M4Markets and PrimeXBT in this detailed breakdown of their platforms, features and fees.

M4Markets vs PrimeXBT Comparison Table 2024

M4Markets	PrimeXBT
3.6	4.1
M4Markets is ranked #37 among CFD brokers.	PrimeXBT is ranked #33 among CFD brokers.
Review	Review
M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.	PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.
Pros
M4Markets is a low-cost broker, offering spreads from 0.0 pips and $0 commissions, plus an accessible $5 minimum deposit Execution speeds are fast, averaging 30 ms (we consider anything below 100 ms as fast and suitable for active traders) The broker offers a range of hands-off trading opportunities, including a copy trading service, plus MAM/PAMM accounts There’s a wide range of global payment methods available, with no deposit or withdrawal fees Reliable 24/5 customer support is available in 10 languages via live chat, telephone and email M4Markets holds multiple global licenses, including the CySEC and DFSA	The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active traders Beginners can access a crypto trading Academy with bite-size resources and YouTube videos The broker offers 24/7 customer support via live chat, as well as an extensive help centre
Cons
The educational resources trail the best brokers with only a small selection of eBooks and webinars offered The range of around 200 investments is slim compared to top brokers, who typically offer over 1000 M4Markets doesn't offer any rebate schemes or rewards for active traders	The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+ It’s a shame that there are no popular third-party platforms on offer such as MT4
Awards
Best Deposits & Withdrawals Broker, Fazzaco Most Transparent Broker, World Finance Awards Best Trading Conditions Broker Global, International Business Magazine	Best Crypto Trading App Best Platform For Margin Trading Most Trusted Crypto Asset Trading Platform Best Crypto And Forex Broker
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, Indices, Shares, Commodities, Cryptos	CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$5	$0
Payment Methods
FasaPay Mastercard Neteller PayRedeem Perfect Money Skrill STICPAY Visa Wire Transfer	Credit Cards Debit Card
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSA, CySEC
Mobile Apps
Yes	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
No	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
Yes (APIs)	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
M4Markets continues to deliver a user-friendly copy trading service to beginners looking to mirror other strategies and to experienced investors looking to become a mentors. The service easily synchronizes with your trading platform and is active 24/7.	PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started.
Social Trading
Yes	Yes
Trade Signals
Yes	No
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP JPY ZAR	USD EUR GBP
Commodities
Gold Silver Oil	Gold Oil Silver Natural Gas Copper Zinc
CFD
M4Markets offers CFD trading across forex, stocks, indices, commodities and cryptocurrencies. Traders can access powerful charting platforms with multiple order types and built-in indicators. There’s also a good selection of data-driven analysis tools supplied by reputable provider, Acuity.	PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.
Leverage
1:1000	1:1000
FTSE Spread
From 0.01	Variable
GBPUSD Spread<
Raw from 0.0 pips	Variable
Oil Spread
From 0.01	Variable
Stocks Spread
N/A	Variable
Forex
M4Markets offers 45+ currencies with zero pip spreads. The low latency and 30-millisecond execution speeds makes the broker a decent choice for forex traders. Additionally, there are no restrictions on trading strategies, including scalping.	PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies.
Assets
50	45+
GBPUSD Spread
Raw from 0.0 pips	Variable
EURUSD Spread
Raw from 0.0 pips	Variable
EURGBP Spread
Raw from 0.0 pips	Variable
Cryptocurrency
M4Markets offers a decent range of 15 crypto CFDs paired with USD. Traders can get started with as little as $5 and enjoy zero commissions on crypto trades. Spreads on BTCUSD average around 14.1 which is competitive and in line with the top low-cost crypto brokers.	Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes.
Spread
From 0.0 pips	0.05% BTC, 0.05% ETH
Coins
BTC ETH LTC XRP DOGE DASH XMR OMG NEO QTUM ZEC DOT SOL ETX AXS	BTC LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
M4Markets	PrimeXBT
Review	Review
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