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MH Markets

Low riskForex / CFD broker
🇦🇺 Australia · 2-5 years · since 2022-05-16 · Mohicans Markets (Ltd)
ASICFSCA
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
2
Licenses ›
1
Withdrawal issues ›
$50
Min. deposit ›
1:2000
Max leverage ›
3
Account types ›
18/100
Scam risk ›
0
Clone sites ›
Accounts: PRIME · USD 100ECN · USD 1,000STANDARD · USD 50
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX7.38/10
Trustpilot—/5
Forex Peace Army—/5
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MH Markets operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
18
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints3012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMohicans Markets (Ltd)
Headquarters🇦🇺 Australia
Founded2022-05-16
Years operating2-5 years
Employees0
Official websitemhmarkets.com
Trading conditions
Avg execution speed553.5 ms C
Avg slippage-11.5 AA
Swap ratingAA
Trading cost ratingD
Monitored traders315
Monitored orders141,304
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, Port Louis, 11328, Republic of Mauritius

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
ASICForex Execution License (STP)455388AustraliaRegulated
FSCADerivatives Trading License (EP)55437South AfricaRegulated

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
PRIME1:2000USD 100----✓
ECN1:2000USD 1,000----✓
STANDARD1:2000USD 50----✓

Review analysis AI

MH Markets presents a mixed risk profile. It holds dual regulation from ASIC (Australia) and FSCA (South Africa), which are positive signals, but the broker's address in Mauritius and very high leverage of 1:2000 elevate caution. Our FXCanary Scam Risk Score of 18/100 indicates low risk, but traders should verify the broker's operational history and ensure their own risk management before trading.

Best for
  • Traders comfortable with high leverage (up to 1:2000)
  • Those seeking low minimum deposits starting at $50
  • Traders who prefer multiple account tiers with flexible entry points
Not for
  • Risk-averse traders who prefer low leverage under 1:100
  • Traders requiring detailed regulatory oversight from a top-tier jurisdiction only
  • Those needing clear, publicly available information on trading platforms and fees
Period:

Real user reviews

Where MH Markets operates

Active across 18 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇭 Thailand
🇻🇳 Vietnam
🇦🇪 United Arab Emirates
🇮🇳 India
🇺🇸 United States
🇰🇭 Cambodia
🇮🇩 Indonesia
🇭🇰 Hong Kong
🇨🇴 Colombia
🇳🇱 Netherlands
🇵🇰 Pakistan
🇧🇷 Brazil
🇵🇭 Philippines
🇹🇷 Turkey
🇮🇹 Italy
🇪🇬 Egypt
🇯🇵 Japan 1 complaint
🇵🇱 Poland
🇦🇺 Australia Licensed 1 complaint
🇿🇦 South Africa Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What MH Markets says about itself as stated by the broker · not independently verified by FXCanary

About MH Markets

According to its website, MH Markets is 'the world’s leading forex and CFD broker'. The broker claims to provide comprehensive trading services including CFDs on foreign exchange, commodities, precious metals, indices, and more.

Account Types

MH Markets advertises three account tiers: PRIME (minimum deposit $100), ECN (minimum deposit $1,000), and STANDARD (minimum deposit $50). All accounts offer a maximum leverage of 1:2000.

Regulatory Status

The broker states it is regulated by two authorities: the Australian Securities and Investments Commission (ASIC) with a Forex Execution License, and the Financial Sector Conduct Authority (FSCA) of South Africa with a Derivatives Trading License.

Social Media Presence

MH Markets maintains active profiles on Facebook, Instagram, LinkedIn, and YouTube, as listed on its website.

About MH Markets

Who Is MH Markets?

MH Markets is an online forex and CFD broker founded on 16 May 2022, with its registered office in Port Louis, Mauritius (Suite 803, 8th Floor, Hennessy Tower). Despite its Australian registration, the address in a well-known offshore jurisdiction suggests a global operational base.

The broker presents itself as a multi-asset trading platform, offering CFDs on forex, commodities, indices, and other instruments. It targets both retail and experienced traders by providing three account tiers with varying entry requirements.

Regulation and Licensing

According to official records, MH Markets holds two regulatory licences: an ASIC Forex Execution Licence (STP) in Australia, and an FSCA Derivatives Trading Licence (EP) in South Africa. Both licences are classified as 'Regulated' in their respective categories.

While ASIC oversight provides a degree of client protection, the FSCA’s regulatory framework is generally considered less stringent. Traders should be aware that the Australian licence is for forex execution only, and the broker’s physical address in Mauritius may introduce jurisdictional complexities.

Account Tiers and Trading Conditions

MH Markets offers three account types: STANDARD (minimum $50), PRIME (minimum $100), and ECN (minimum $1,000). All accounts share a maximum leverage of 1:2000, which is significantly higher than many regulated brokers.

The high leverage is a double-edged sword – it magnifies both potential gains and losses. The broker does not specify spreads or commissions in the available data, but the ECN account likely offers raw spreads with a commission, while STANDARD and PRIME may include spread markups.

Available Instruments and Platforms

The broker’s website indicates coverage of forex, commodities, precious metals, indices, and more. However, detailed instrument lists were not available in our sources.

Information about supported trading platforms is also absent from the known facts. Most brokers in this segment offer MetaTrader 4 or 5, but this has not been confirmed for MH Markets.

Deposits, Withdrawals, and Support

Minimum deposits range from $50 (STANDARD) to $1,000 (ECN). Funding methods and withdrawal policies are not specified in available data. The broker maintains a social media presence on Facebook, Instagram, LinkedIn, and YouTube, suggesting active communication efforts.

Customer support channels, languages, and response times remain unverified. Traders should consult the official website for the most current information on payment options and support availability.

Overview compiled by FXCanary from regulatory records and public data. full MH Markets review