Wikilix
Licence record

SCA licence 20200000159

Holder
MH Markets
Jurisdiction
United Arab Emirates
Licence type
Investment Advisory License

This is Wikilix's record of a licence issued by Securities and Commodities Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Jul 27, 2026

Licence Verification Record

Securities and Commodities Authority 20200000159

Recorded from the firm's own disclosure. Not yet checked against the register.

Issuing authority
Securities and Commodities Authority
Holder
Mohicans Markets (Ltd)
Jurisdiction
United Arab Emirates
Licence type
Investment Advisory License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/securities-and-commodities-authority0/mh-markets/20200000159Fields on file 2 / 11

Open MH MarketsAbout SCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
United Arab Emirates
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
20200000159
Licence type (Wikilix classification)
Investment Advisory License
The authority

About SCA

Securities and Commodities Authority is the authority that issued this licence, and the jurisdiction it applies in is United Arab Emirates.

Full name
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2000
Firms we track under it
13 firms
Licences it issues
Brokerage licence incl. CFDs
Typical cost of a licence
Not specified
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

SCA's own rules for the firms it authorises.

  • Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
  • Complaints routeSCA complaints
  • Maximum leverage1:100
This describes the authority's regime, not how MH Markets applies it.
The holder

Who holds this licence

The licence above is recorded against MH Markets. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Mohicans Markets (Ltd)
Based in
Mauritius
Wikilix score
43.9the firm’s overall score, not a rating of this licence

Wikilix has flagged MH Markets as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences MH Markets holds

One other licence is on record for MH Markets.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.
Licence 20200000159 was issued by Securities and Commodities Authority (SCA), the financial authority for United Arab Emirates.
MH Markets holds this SCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
MH Markets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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