M4Markets vs Zenfinex

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

M4Markets vs Zenfinex Comparison Table 2024
M4Markets Zenfinex
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3.6
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M4Markets is ranked #38 among CFD brokers. Zenfinex is ranked #97 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. Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4.
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
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
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

Yes
Instruments
Forex, CFDs, Indices, Shares, Commodities, Cryptos Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
$5 $50
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA, CySEC FCA, SVGFSA
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 Yes
MetaTrader 5
Yes Yes
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) 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. Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders.
Social Trading
Yes Yes
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
  • Gold
  • Silver
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. Leveraged contracts for difference are available on multiple financial markets.
Leverage
1:1000 1:30 (UK), 1:400 (Global)
FTSE Spread
From 0.01 2.0
GBPUSD Spread<
Raw from 0.0 pips 0.3
Oil Spread
From 0.01 0.05
Stocks Spread
N/A 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. Ultra competitive spreads are available on forex pairs at Zenfinex.
Assets
50 50+
GBPUSD Spread
Raw from 0.0 pips 0.3
EURUSD Spread
Raw from 0.0 pips 0.1
EURGBP Spread
Raw from 0.0 pips 0.3
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 Zenfinex
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