Overall Score47 / 100The Wikilix trust rating of MH Markets, out of 100, built from the five factors below.The licences it claims have not been checked on any official register.Regulation44%Identity39%Client terms47%Trading offer59%Service44%Score last calculated 2026/10/28
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: The licences it claims have not been checked on any official register.
47 out of 100 · 60% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.· Provisional
Do not trust
High risk
Fair
Good
Excellent
The licences it claims have not been checked on any official register.
We checked MH Markets on 2026-10-28 across its regulation, company record, client terms, trading offer and service, and could verify 60% of its record. It claims 2 licences on its site, but none has been checked on an official register yet. The score of 47 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.
Score last calculated 2026/10/28
Regulation
Is someone watching them?
44out of 100
Poor
Counts for 35% of the score93% checked
What we checked
Best licence in force50
ASIC 000455388 claimed, not checked on the register · Dec 13, 2025
SCA 20200000159 claimed, not checked on the register · Dec 13, 2025
Regulator protections40
ASIC: 4 of 5 protections (claim, unchecked) · Dec 13, 2025
Licence held by the onboarding entity50
No licence checked on a register yet · Dec 13, 2025
Extra licences in force20
2 claimed licence(s), none checked · Dec 13, 2025
What this measures
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
39out of 100
Poor
Counts for 15% of the score60% checked
What we checked
Registry-verified entity0
No registered entity recorded
Verified ageNot checked yet
No verified age
Transparency25
1 of 4 transparency checks met (entity, address, complaints, ownership)
Site integrity100
Website reachable and not redirecting · Sep 10, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
47out of 100
Poor
Counts for 15% of the score13% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal rails30
5 rail(s): 0 fee-free of 1 known, 3 instant of 5 known, minimum unknown · Dec 13, 2025
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
59out of 100
Fair
Counts for 20% of the score55% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account type67
4 of 6 pricing cells filled across 2 account type(s) · Dec 13, 2025
Instrument breadthNot checked yet
No instrument counts known
Platforms90
2 platform(s) (MetaTrader 4, MetaTrader 5) · Dec 13, 2025
Leverage vs regulated cap20
Maximum leverage 1:1000 · Dec 13, 2025
Minimum deposit91
Minimum deposit $50 · Dec 13, 2025
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
44out of 100
Poor
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels33
2 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Dec 13, 2025
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What Wikilix has recorded about MH Markets: its history, the licences it holds, its trading conditions and its fees.
MH Markets Expands Its Global Reach with Its Multi-Asset Offering
MH Markets is an award-winning global multi-asset forex and CFD broker that carved out a very successful niche in the financial trading market. The company has built a solid reputation as a trustworthy broker that supports the total financial needs of traders around the globe and has also established a strong reputation for delivering quality services to its customers through its offerings of forex, stocks, commodities, Indices, and metals.
With its strong values of trust, excellence, and a high level of industry expertise, MH Markets has positioned itself as one of the top Forex Brokers for traders seeking a dependable partner in the trading world.
MH Markets operates a website, , where traders can find a range of financial instruments, many advanced trading platforms, a variety of useful market research tools, and more to help traders of all skill levels enter the market with confidence, ability, and success.
MH Markets has Limited Background and History Information.
HM Markets has very limited company history information or founding details available; however, it claims to be the "leader in the forex and CFD markets" and is focused on being a global provider of good services in the financial industry. MH Markets does not provide specific details of its founding year or founder name(s), but indicates that it has many years of experience in the industry, builds trust between its clients and the company by providing top-notch customer service and support, and corroborates its claims of being one of the leading FX brokers in the forex and CFD markets.
MH Markets is based in Mauritius and is a globally focused company that serves the trading community worldwide. This global approach allows MH Markets to build a strong reputation as a solid player in the global forex and CFD brokerage market.
MH Markets Offers Many Features and Offerings
MH Markets is a truly multi-asset broker thanks to its broad range of instruments. The forex market offers more than 100 currency pairs for traders, as well as major indices such as the S&P 500, NASDAQ, and Russell 2000. There are stock options from major global companies such as Apple, Amazon, and Facebook, and several commodity options for traders, including Natural Gas and Crude Oil. Finally, gold and silver are available as precious metals.
MH Markets offers multiple account types to accommodate its clients' different trading styles; however, information about the accounts is not provided. MH Markets has made account registration easy and offers instant deposits via a variety of secure payment methods for a smooth onboarding experience.
With the inclusion of advanced trading tools, private/exclusive research reports, and an Economic Calendar that covers significant market events such as Earnings Announcements and Central Bank Meetings, traders have all the resources necessary to remain informed and make timely, educated trading decisions to maximize their success.
Instruments Supported
Asset Class
Examples
Forex
100+ currency pairs
Indices
S&P 500, NASDAQ
Stocks
Apple, Amazon, Facebook
Commodities
Natural Gas, Oil
Metals
Gold, Silver
Regulatory Compliance and Licensing
MH Markets states that it is "Licensed & Regulated," but specific details regarding the regulatory bodies, license numbers, or jurisdictions are not publicly disclosed. This lack of transparency means potential clients should exercise due diligence and verify regulatory claims directly through official channels.
Trading Conditions and Platform Technology
MH Markets provides competitive trading opportunities for both new and experienced traders through its secure, user-friendly trading environment. The leverage offered by MH Markets is up to 1:2000, allowing traders to significantly increase their market exposure. The minimum stop-out level of 30% is set as the primary risk management level for traders. The recommended initial deposit is $ 1,000, and MH Markets does not specify a minimum deposit amount.
Though MH Markets claims to offer ultra-low, tight spreads, they do not provide specific spread figures, making it difficult to quantify the cost of trading with them (e.g., example spread figures) and to compare with other regulated brokers.
MH Markets provides 24/7/365 trading available in accordance with the major international trading times. In addition, they offer some types of trading in Dubai (e.g., FX) without commissions. There are many other instruments available for trading on the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, both of which are well-known for their charting capabilities, automated trading options, and rich interfaces that simplify the trading experience. It can therefore be assumed that both platforms also offer mobile trading applications, allowing traders to manage their trades even when away from their computers, as well as additional resources such as market updates and risk management tools.
Enhanced analytics, more timeframes, economic calendar integration
Mobile Apps
Implied availability for trading on the go
Fee Structure
MH Markets promotes a transparent fee structure with multiple secure payment methods for deposits, all processed instantly and without hidden fees. However, specific details regarding deposit fees, withdrawal fees, inactivity fees, or commissions are not publicly disclosed. The broker highlights ultra-low spreads as a key advantage, contributing to cost-effective trading.
Below is a summary of the available fee information:
Fee Type
Details
Deposit Fees
No hidden fees, multiple secure methods, instant processing
Withdrawal Fees
Limited information available
Commission
No commissions mentioned for some offerings
Inactivity Fees
Not specified
Spreads
Ultra-low, tight spreads (exact figures not provided)
User Experience and Market Reputation
The Good and the Guilty of MH Markets MH Markets has received high praise from customers for its customer service; customers have praised its fast responses to technical assistance requests and general questions submitted through the company's website. Customers have also told MH Markets they enjoy the efficiency of the company's trading platform and benefit from its competitive spreads across MH Markets' offerings, which provide a wide variety of options, allowing them to easily diversify their portfolios.
Unfortunately, MH Markets warns customers to be aware that there are scam artists trying to impersonate MH Markets and sell imitational or counterfeit products and/or services, and that, therefore, customers should verify that they are on an official MH Markets site (the official website for MH Markets is ) and only use the official means to communicate with MH Markets.
Current Information Regarding MH Markets
Currently, MH Markets has created a regular daily analysis report service scheduled to run through September 2025. This daily analysis service provides traders with an updated view of current market trends and offers insight into upcoming major economic events. Additionally, to enhance customer protection, MH Markets has created a "Scam Alert Page" to warn customers about fake websites and fraudulent activity impersonating MH Markets.
No material changes in products or marketing strategies have been announced for the year 2024-2025 at this time.
Final Comments
As long as MH Markets maintains its focus on establishing client trust, providing valuable market research, and creating an environment to safely trade, then there is the potential for traders to work with a forex and CFD broker that gives massive leverage and incredibly low spreads for their trading positions through multiple channels and both MetaTrader 4 and MetaTrader 5. As usual, candidates must verify all necessary regulatory and security-related information through official methods before determining whether to trade with MH Markets.
MH Markets is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.
0 of 2 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
2
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
0
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
2
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The strongest of 2 licences on file
Licence Verification Record
Australia Securities & Investment Commission000455388
Recorded from the firm's own disclosure. Not yet checked against the register.
Jurisdiction
Australia
Authority strength
Tier 1
Licence type
Straight Through Processing(STP)
Not yet checked on the register
Client protection under this licence
No compensation schemeNo mandatory insurance (but strict fund segregation)
Negative balance protection
Complaints routeAFCA
Maximum leverage1:28
These are the rules ASIC sets for the firms it licenses. They are not a statement about how MH Markets applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Details
Websites
Global Domains
One domain on record. All active and served over HTTPS.
1 domain
mhmarkets.com/global/enMain siteActiveHTTPS
Peer comparison
Brokers worth comparing
4 other brokers on the record share what MH Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
MH Markets provides live chat support available during business hours.
MH Markets offers a maximum leverage of up to 1000. This high leverage level allows traders to control larger positions with a smaller amount of capital, but it also increases risk.
The minimum deposit amount for MH Markets is 50 USD for standard accounts. Different account types may have higher minimums, such as 100 USD for Prime accounts and 1000 USD for ECN accounts. Deposits must be made in USD.
MH Markets supports deposits and withdrawals via credit/debit cards, bank/wire transfers, e-wallets, QR payments/local banking, and cryptocurrency (Tether USDT). Processing times vary from instant for cards and e-wallets to several days for wire transfers and crypto. Withdrawal fees apply only to wire transfers, typically around $20.
MH Markets offers MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are available for desktop use and provide advanced charting, automated trading, and multi-asset trading capabilities. These platforms are developed by MetaQuotes Software Corp and are widely used in the industry.
Mohicans Markets (Ltd), also known as MH Markets, holds licenses from ASIC in Australia and the Securities and Commodities Authority in the UAE. ASIC is a tier 1 regulator with high transparency and strict fund segregation, while the UAE regulator provides medium transparency and a deposit guarantee scheme. However, the broker is flagged as a suspicious clone, so users should exercise caution.
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