M4Markets vs SpeedTrader

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

M4Markets vs SpeedTrader Comparison Table 2024
M4Markets SpeedTrader
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3.6
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3
M4Markets is ranked #38 among CFD brokers. SpeedTrader is ranked #118 among UK brokers.
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. SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.
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
  • Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST
  • Two powerful platforms with level 1 price data, live news streams, advanced charting and more
  • Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000
  • Competitive fees at $0.0009 per share and $0.25 per options contract
  • Reliable 24/7 customer support via live chat, telephone and email
  • Multiple routing options
  • Short selling aids
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
  • Only US stocks available, with no forex, commodities or cryptos
  • Not suitable for beginners with a $30,000 minimum deposit
  • Mobile trading is limited to iPhone and iPad users
  • Demo account valid for 14 days only
  • $30 inactivity fee every quarter
  • $35 withdrawal fee
  • No APIs
Awards
  • Best Deposits & Withdrawals Broker, Fazzaco
  • Most Transparent Broker, World Finance Awards
  • Best Trading Conditions Broker Global, International Business Magazine
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, Indices, Shares, Commodities, Cryptos Stocks, options, bonds, mutual funds
Demo Account
Yes Yes
Minimum Deposit
$5 $30,000
Payment Methods
Minimum Trade
0.01 Lots 1 Share
Regulator
FSA, CySEC FINRA, SIPC
Mobile Apps
Yes Yes
iOS App Rating
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Android App Rating
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Margin Trading
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes (APIs) No
Copy Trading
Yes No
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.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • ZAR
Commodities
  • Gold
  • Silver
  • Oil
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.
Leverage
1:1000
FTSE Spread
From 0.01
GBPUSD Spread<
Raw from 0.0 pips
Oil Spread
From 0.01
Stocks Spread
N/A
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.
Assets
50
GBPUSD Spread
Raw from 0.0 pips
EURUSD Spread
Raw from 0.0 pips
EURGBP Spread
Raw from 0.0 pips
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.
Spread
From 0.0 pips
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • DOGE
  • DASH
  • XMR
  • OMG
  • NEO
  • QTUM
  • ZEC
  • DOT
  • SOL
  • ETX
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
M4Markets SpeedTrader
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