MT4Quotes

MT4Quotes is a brokerage firm registered in Saint Vincent and the Grenadines, having been established on June 24, 2019. It operates as an offshore entity with no oversight from any recognised financial regulator. The broker provides a range of trading instruments including forex, commodities, indices, stocks, ETFs, and cryptocurrencies.

Despite its presence in the market for several years, MT4Quotes does not hold a licence from any major regulatory body, which places the firm in a high-risk category for traders. Its registration in Saint Vincent and the Grenadines, a jurisdiction known for minimal regulatory requirements, further underscores the absence of external oversight. As such, traders should approach this broker with caution and be aware of the potential risks associated with unregulated entities.

MT4Quotes offers two account types: Mini ECN Classic and Mini ECN Premium. The Mini ECN Classic requires a minimum deposit of just $1, while the Mini ECN Premium requires a minimum deposit of $10. Both accounts provide a maximum leverage of 1:500, which is notably high and can amplify both gains and losses significantly.

The low minimum deposits make these accounts accessible to traders with limited capital. However, the high leverage combined with the lack of regulatory protection creates a potentially dangerous environment for inexperienced traders. The broker markets these accounts as suitable for clients looking to trade with small amounts, but the risks should not be underestimated.

The broker claims to offer trading in a wide variety of financial instruments, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies. However, specific details about the number of instruments or trading platforms are not publicly available from independent sources.

Given the lack of verification, traders are advised to confirm the exact offerings directly with the broker. The absence of clearly stated platform information (such as MetaTrader 4 or 5, which might be inferred from the broker's name) means that potential clients should exercise due diligence before committing funds.

MT4Quotes provides limited information regarding deposit and withdrawal methods. The known facts only indicate minimum deposit thresholds of $1 and $10 for the two account types. There is no mention of accepted payment methods, processing times, or any associated fees.

This lack of transparency is a red flag. Without clear information on how to fund an account or withdraw profits, traders may face unexpected difficulties or delays. It is advisable to seek a broker that offers detailed and straightforward policies on financial transactions.

The most significant issue with MT4Quotes is its complete lack of regulation. It is not authorised by any major financial authority, such as the FCA, CySEC, or ASIC. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not regulate forex brokers or offer investor protection schemes.

For traders, this means there is no recourse in case of dispute, fraud, or insolvency. The absence of regulation also means that the broker is not required to adhere to standards such as segregated client accounts or negative balance protection. As a result, the safety of client funds is entirely dependent on the broker's internal policies, which are not independently verified.

Given the unregulated status and high leverage offerings, MT4Quotes presents a severe risk to traders. The FXCanary Scam Risk Score of 75/100 reflects this assessment, indicating a high likelihood of potential issues. Traders with limited capital may be particularly vulnerable to the allure of low deposits and high leverage, but the risks of losing money are substantial.

In FXCanary's view, only experienced traders who fully understand and accept the risks of trading with an unregulated offshore broker should consider MT4Quotes. Even then, depositing only what they can afford to lose is strongly recommended. The broker's opacity and lack of independent reviews further necessitate extreme caution.