MH Markets
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Quick Verdict
Reviewed by FX Advisor Pro Research Team · Last checked August 2026
MH Markets is a multi-asset CFD broker whose legal entity is Mohicans Markets Ltd, licensed by the Mauritius FSC, with low entry deposits, MT4 and MT5 and three account types. Independent scores are mixed: BrokersView gives 8.3 and WikiFX 7.35 out of 10, while Traders Union gives 5.4 and Trustpilot shows 2.6 out of 5 with many complaints about blocked withdrawals. Check which legal entity your account would be with, read the bonus and withdrawal terms before you deposit, and try a small withdrawal early.
Pros
- Standard account opens from $50, Prime from $100 and ECN from $1,000
- Spreads from 0.8 pips (Standard, no commission), 0.5 pips (Prime, no commission) and 0.0 pips (ECN, plus commission)
- MT4 and MT5 plus an MT4 web platform; 100+ forex pairs and CFDs on indices, stocks, metals, energies and futures
- Publishes its Mauritius FSC licence number (GB20026131); WikiFX scores it 7.35 and BrokersView 8.3 out of 10
- Withdrawal requests made before 16:00 (GMT+2) are processed the same day, according to the broker
Cons
- Trustpilot TrustScore is 2.6 out of 5 from 32 reviews; 47% are one-star, mostly about blocked withdrawals and closed accounts
- The broker's own regulation page lists only an offshore (Mauritius) licence; the ASIC, UAE and South African licences quoted by reviewers belong to other group entities and may not cover your account
- The ECN commission is not published on the broker's site and reviewers quote different amounts ($2 to $7 per lot)
- Leverage of up to 1:2000 is subject to regulatory limits and the broker can change it at any time
- No negative balance protection statement on the broker's pages; its risk warning says you can lose more than you deposit
- Published terms differ between pages and reviewers (leverage, withdrawal fees and cut-off times), and the brand name differs from the legal entity (Mohicans Markets Ltd)
Regulatory Status & Safety
MH Markets' regulation page names one licensed entity: Mohicans Markets (Ltd), regulated by the Financial Services Commission of Mauritius (FSC) under an Investment Dealer Licence (Full-Service Dealer, excluding Underwriting), number GB20026131, with a registered office in Port Louis. The site says clients are assigned to a licensed entity based on where they live, but names no other licence, and it names a Cyprus company (Edge Token Technology (CY) Limited) that it says is not regulated and offers no trading services. Review sites list more: BrokersView, FastBull and WikiFX show Mohicans Markets Capital Pty Ltd with an Australian licence (AFSL 455388), WikiFX shows a South African FSCA licence (55437), and BrokersView lists Vanuatu and St Vincent entities. Traders Union and WikiFX also list the UAE company MH Markets Financial Services LLC (SCA licence 20200000159), but FastBull says the SCA lists it only for financial consultation and introduction, not for executing derivatives or spot forex, and WikiFX marks its status 'Exceeded'. None of these extra licences appear on MH Markets' own regulation page, and we have not checked any of them on the regulators' registers, so confirm the exact entity and licence in your client agreement before you deposit. The site is not offered to residents of the United States or of jurisdictions on the FATF high-risk list.
Trading Conditions
| Execution Model | Market execution on Standard and Prime; ECN (direct liquidity) on the ECN account. The broker does not say whether it uses a dealing desk |
|---|---|
| Spreads (EUR/USD) | Standard: from 0.8 pips. Prime: from 0.5 pips. ECN: from 0.0 pips (all from MH Markets' account types page, which gives starting values, not averages). Reviewers warn that a 'from' spread is a minimum quote, spreads can widen when markets move fast, and negative Trustpilot reviews mention slippage. Check live spreads on a demo account before you fund. |
| Commission Structure | Standard and Prime: no commission. ECN: a commission per trade, but the amount is not stated on the broker's website. Reviewers quote different figures: FastBull about $7 round turn per standard lot, Traders Union $2 per lot, BrokersView $6 on an Islamic account. Confirm the current figure in your client area before trading. |
| Swap / Islamic Accounts | Swap rates are not published in the sources we read, and BrokersView rates MH Markets' swap rates 'Poor'. The account types page mentions swap-free options in its description without giving terms; BrokersView lists an Islamic account (minimum $1,000, $6 commission). Ask the broker for current swap and swap-free terms. |
| Min. Deposit & Leverage | $50 · 1:2000 |
User Reviews & Public Reputation
Trustpilot shows a TrustScore of 2.6 out of 5 ('Poor') from 32 reviews: 34% five-star and 47% one-star. Positive reviews praise execution speed, tight spreads, account managers and smooth deposits and withdrawals. Negative reviews describe withdrawals blocked or profits withheld after accounts turned profitable, accounts closed for 'abnormal' or arbitrage-like trading, requests for extra documents, slow support, slippage and swap calculations. MH Markets replies to negative reviews with similar templated messages that deny restricting accounts for profitability and point to its terms and compliance team, and Trustpilot notes the company has not invited customers to review recently, so the sample may not be representative. WikiFX scores the broker 7.35 out of 10 (July 2026) with 137 user comments (130 positive, two exposure reports about account closures and execution), BrokersView scores it 8.3 and Traders Union 5.4 ('moderate risk', with support rated 4.2 out of 10). These are individual allegations and third-party scores that we have not verified, and we have not tested deposits or withdrawals ourselves.
Deposits, Withdrawals & Fees
Deposits: bank and wire transfers, credit cards, local banking and QR payments, depending on your region (from the broker's site); Traders Union and BrokersView also list PayPal, Skrill, Neteller and crypto (USDT, Ethereum). Deposits are described as instant with no deposit fee, with a $50 minimum for deposits and withdrawals and a USD base currency (Traders Union). Withdrawal requests received before 16:00 (GMT+2) are processed the same day and later ones the next business day; funds arrive within 1 working day for most methods and 3 to 5 working days for international bank wires (the broker's statements, and two FAQ answers give different cut-off times). Traders Union lists a withdrawal fee ('3% or $10') while BrokersView says there are no internal withdrawal fees, so confirm before you withdraw. The sources we read do not describe client-fund segregation.
Red Flags & Controversies
1) Trustpilot shows 2.6 out of 5, with 47% one-star reviews that mainly describe blocked withdrawals, withheld profits and closed accounts (individual allegations, not verified). 2) The broker's own regulation page shows one offshore licence (Mauritius FSC) and says clients are assigned to an entity by country; the UAE entity is listed by the SCA only for consultation and introduction (per FastBull), and the brand name differs from the legal entity name. 3) Bonus: the 10% Trading Bonus page shows a $500 minimum deposit, an example that needs 25 lots traded before withdrawal and a validity window of 1 July to 30 September 2026, which has ended, and bonus disputes appear in negative reviews, so read the full promotion terms and check whether a new period is running. 4) The risk warning says losses can exceed your deposit, and we found no negative balance protection statement on the broker's site (Traders Union says it exists, so confirm). 5) Marketing claims such as '14.5k happy users' and a list of about 40 award events come from the broker, and several entries are event names rather than awards it won. 6) Published terms conflict: leverage is 1:2000 on the broker's site but 1:1000 on a review site, and the ECN commission, withdrawal fee and cut-off times differ between sources, so rely on your account agreement. 7) Clients in the United States and in FATF high-risk or sanctioned jurisdictions are not accepted.
Safety & Regulation
Platforms & Funding
Trading Platforms
Funding Methods
Questions about MH Markets?
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Frequently Asked Questions about MH Markets
What is the minimum deposit to open an account with MH Markets?
MH Markets' minimum deposit is $50. Minimums can vary by account type, so confirm the exact figure for the specific account you're opening on MH Markets' own site before funding.
How does leverage work at MH Markets?
MH Markets offers leverage up to 1:2000. Leverage lets you control a larger position than your deposit alone would allow, but it magnifies losses as well as gains — higher leverage means a smaller adverse price move can wipe out a larger share of your margin. See our full guide to leverage and margin for how this actually plays out.
Is MH Markets a regulated broker?
Yes — MH Markets is regulated by FSC (Mauritius, offshore). Always verify the current license status directly on the relevant regulator's public register before depositing, since broker licensing can change.
What trading platforms does MH Markets support?
MH Markets supports MT4, MT5, MT4 WebTrader, Social Trading.
What are MH Markets' typical spreads?
Standard: from 0.8 pips. Prime: from 0.5 pips. ECN: from 0.0 pips (all from MH Markets' account types page, which gives starting values, not averages). Reviewers warn that a 'from' spread is a minimum quote, spreads can widen when markets move fast, and negative Trustpilot reviews mention slippage. Check live spreads on a demo account before you fund.
What is MH Markets' Trustpilot rating?
MH Markets has a Trustpilot score of 2.6 out of 5 from 32 reviews at the time of our research. Trustpilot scores change over time — check the live page for the current figure.
Does MH Markets accept cryptocurrency deposits?
Yes — based on our research, MH Markets accepts cryptocurrency as a funding method.
What is a pip, and how does it affect trading costs at MH Markets?
A pip is typically the smallest standard price move in a currency pair — usually the fourth decimal place (0.0001). With MH Markets' spreads from 0.0 Pips, that cost is deducted the moment you open a trade, before it's moved in your favor at all. See our full guide to pips and spreads for the mechanics.