Forex MetaTrader 4 Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

MetaTrader 4 Trading Conditions

Registered Region Hong Kong

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email service@usgmk.com

Contact Number N/A

Website www.mtr4.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments: forex, commodities, indices, stocks, cryptocurrencies
Multiple account types catering to different trader preferences
Leverage options up to 1:500 for capital efficiency
User-friendly interface with robust market analysis tools
Supports automated trading strategies through expert advisors (EAs)

Cons

No regulation by recognized financial authorities
Numerous complaints regarding fund withdrawals
Limited customer support available only via email
Lack of transparency about operations and fees
Concerns regarding potential scams and frozen withdrawals

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MetaTrader 4	Fidelity	SCFH	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Hong Kong	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MetaTrader 4 Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and experienced traders	Offers straightforward trading experience with a standard spread	No minimum deposit required
Micro Account	Novice traders	Allows for smaller trade sizes with micro-lots	Suitable for small-capital practice
ECN Account	Experienced traders	Direct access to liquidity providers, faster execution	Ideal for scalping and expert advisor (EA) trading strategies
Pro Account	Professional traders	Tighter spreads and lower commissions, higher leverage options	Requires larger trading volumes

Account Opening Process

To open an account with MetaTrader 4, traders need to follow these steps: submit personal information, employment details, and financial background. Identity verification is required, including providing a valid ID and proof of address. Traders should also be aware that they can upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.5	$0 (ECN: $3-7/lot)	Variable spreads on major pairs
CFDs (Indices)	Varies	$X per lot	Depends on specific index
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

Traders should be aware of potential fees associated with MetaTrader 4, including: deposit and withdrawal fees, inactivity fees, platform usage fees (if applicable), overnight interest (swap rates), and currency conversion fees. It is essential to review these costs to fully understand the financial implications of trading on this platform.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MetaTrader 4 User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

Hong Kong

★ ★ ★ ★ ★

I’ve been trying to withdraw my funds for weeks now, but every time I contact support, I get no response. It feels like a scam and I regret investing here.

Jane Smith

New York

★ ★ ★ ★ ★

The trading platform is user-friendly and offers a wide variety of instruments. I appreciate the automated trading feature, which has helped me manage my trades effectively.

David Lee

Los Angeles

★ ★ ★ ★ ★

I deposited money and started trading, but when I wanted to withdraw my funds, my account was suddenly suspended. Customer support is unresponsive. Very disappointed.

Emily Chen

Toronto

★ ★ ★ ★ ★

MetaTrader 4 has been great for my trading needs. The execution speed is fast, and I love the advanced charting tools available. Overall, a solid platform for both beginners and experienced traders.

Hong Kong Market