ASICAustraliaTier 1Licence number
000455388
View licence record- Licence holder
- Held by MH Markets
- Licence type and regime
- Straight Through Processing(STP)
Not checkedUpdated
At a glance
Regulation on record for MH Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 2
- From tier-1 or tier-2 authorities
- 2
- Found on an official register
- 0
MH Markets has 2 licences on record with Wikilix, issued by 2 authorities across 2 jurisdictions. 2 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for MH Markets, strongest authority first.
2 records
- ASICAustraliaTier 1
SCAUnited Arab EmiratesTier 2Licence number
20200000159
View licence record- Licence holder
- Held by MH Markets
- Licence type and regime
- Investment Advisory License
Not checkedUpdated
Protection
What this licence protects
ASIC's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
Frequently Asked Questions
Questions about the licences held by MH Markets
Answered from the register entries on this page.
Most Popular Questions
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.
MH Markets has 2 licence records with Wikilix, issued by 2 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
MH Markets holds licence records issued by ASIC, SCA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
2 of the licence records held by MH Markets come from tier-1 or tier-2 authorities (1 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by MH Markets has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
MH Markets has licence records in Australia, United Arab Emirates. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.