MOHICANS MARKETS (VU) LIMITED

MOHICANS MARKETS (VU) LIMITED, trading as MH Markets, is a retail forex and CFD broker incorporated in Vanuatu. The company was established on May 20, 2025, and operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC) with a Financial Dealers Licence. Its official website is mhmarkets.vu.

MH Markets positions itself as a global multi-asset broker, offering clients access to a variety of financial instruments including forex, commodities, indices, metals, and digital currencies via contracts for difference (CFDs). The broker emphasises fast execution, tight spreads, and round-the-clock customer support.

The broker holds an active VFSC licence, which is classified as a Financial Dealers Licence (Class A, B, C). This licence allows it to operate as a financial dealer in Vanuatu. However, the VFSC is not a major regulatory body, and its oversight is considered less stringent than that of regulators such as the FCA or ASIC. Traders should be aware that Vanuatu regulation may offer limited investor protection.

FXCanary's Scam Risk Score for this broker is 44 out of 100, indicating a guarded level of risk. This score reflects the broker's relatively short operating history (est. 2025), the light-touch regulatory environment, and a lack of publicly available independent reviews.

MH Markets offers trading on over 100 forex pairs, covering major, minor, and exotic currencies. In addition, it provides CFDs on indices (such as the S&P 500 and NASDAQ), commodities (including gold, silver, and oil), and a selection of digital currencies. The broker states it has established partnerships with top-tier liquidity providers to ensure competitive pricing.

The product range also includes energy and precious metals, allowing traders to diversify their portfolios. All instruments are available for trading during 24-hour market hours, with the exception of certain underlying market closures.

According to aggregated industry data, MH Markets offers three account tiers: Standard, Prime, and ECN. The Standard account requires a minimum deposit of $50 and offers commission-free trading with variable spreads. The Prime account, with a $100 minimum deposit, also has no commission but provides tighter spreads. The ECN account, requiring a $1,000 deposit, offers the lowest spreads from 0.1 pips and charges a commission of $6 per lot.

Maximum leverage is advertised as up to 1:1000 across all account types, which is high and carries significant risk. The minimum trade size is 0.01 lots, and hedging is allowed. Base currencies include USD, EUR, GBP, AUD, CAD, CHF, and NZD. A demo account is available for practice.

The broker supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available for desktop, web, and mobile devices. These platforms offer advanced charting, technical analysis tools, automated trading via Expert Advisors, and real-time market data.

MH Markets does not appear to offer its own proprietary platform. The focus on MT4 and MT5 ensures compatibility with a wide range of third-party tools and indicators. Customer support is available 24/7 via email, phone, and a web-based support system.

The broker lists no specific payment methods on its official website, but based on third-party sources, it likely supports bank transfers, credit/debit cards, and e-wallets. The minimum deposit is $50 for the Standard account. Withdrawal policies are not clearly stated, which is common for brokers operating under weaker regulatory regimes.

Traders are advised to verify the available payment methods and any associated fees directly with the broker before depositing funds. As the company is based in Vanuatu, transactions may be processed in multiple currencies.

MH Markets claims to provide 7*24 customer service to assist traders across different time zones. Support can be reached via email at support@mhmarkets.com and via phone at +97143648900 (Dubai). There is also a support request form on the website.

The broker uses a Zendesk-based ticketing system for handling inquiries. While the availability of round-the-clock support is a positive, the quality and responsiveness have not been independently verified due to the lack of user reviews.