Desk file · 2026 edition · record confidence: high
M4Markets
We opened the file on M4Markets the way we open every file: register first, marketing never. Trading since , with no head office we were able to confirm from a primary source, and carrying 3 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| CySEC | 301/16 | Cyprus | T2 | Harindale Ltd | cysec.gov.cy |
| DFSA | F007051 (Prudential Category 4) | United Arab Emirates (DIFC) | T2 | Oryx Finance Limited | dfsa.ae |
| FSA Seychelles | SD035 | Seychelles | T3 | Trinota Markets (Global) Limited | m4markets.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- M4Markets' licences page names three entities: Trinota Markets (Global) Limited under Seychelles FSA licence SD035, Harindale Ltd under CySEC licence 301/16, and Oryx Finance Limited under DFSA licence F007051 in the DIFC.
- The DFSA authorisation for Oryx Finance Limited is a Prudential Category 4 securities dealer licence.
- M4Markets states client funds are held in segregated accounts.
- The Financial Services Authority of Seychelles published a scam alert about a fraudulent website misusing the M4Markets name and FSA licence number SD035 (https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-fraudulent-company-the-fraudulent-company-and-unauthorized-use-of-website-the-unlawful-websites).
- The Seychelles entity serves the group's non-EU international clients while the Cyprus entity covers EU clients.
- CySEC published a warning on 14 August 2026 stating that m4-platform.com and m4-markets-latam.vercel.app do not belong to an entity authorised to provide investment services; the notice names websites and should not be conflated with Harindale Ltd's CySEC licence 301/16 (https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=3ff7e207-48bb-4f68-92c5-5d9f407f6d0e).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- founding year
- headquarters
- minimum deposit
- maximum leverage
- EUR/USD spread
- negative balance protection
- exact account tier names
| Founded | |
| Head office | not verified |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.