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Suspicious Clone
Score
1.59 /10
Danger
MH
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.59
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The China Hong Kong CGSE regulation (license number: 156) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
Expose| MHReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE (Suspicious Clone) |
| Market Instruments | Forex, Metals, Commodities |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Tel: +852 31037916 |
| Email: info@mhgold.com | |
| Address: West Wing 2/F, 822 Lai Chi Kok Road, Cheung Sha Wan, Kowloon, Hong Kong | |
MH, established in 2016 in Hong Kong, is regulated by the CGSE, but has been suspected of having a cloned license. It offers trading products in Forex, Metals, and Commodities.
Pros and Cons
| Pros | Cons |
| / | Suspicious clone CGSE license |
| Lack of transparency | |
| Limited tradable asset classes |
Is MH Legit?
MH claims to be regulated under the China Hong Kong CGSE regulation with license number 156, but there are doubts about the authenticity of this claim. This regulation sets standards for brokers, including licensing, compliance, transparency, risk management, and investor protection. However, investors should be cautious and verify MH's regulatory status before investing, as there are concerns about its legitimacy.
| Regulatory Status | Suspicious Clone |
| Regulated by | The Chinese Gold & Silver Exchange Society (CGSE) |
| Licensed Institution | 金點貴金屬有限公司 |
| Licensed Type | Type AA License |
| Licensed Number | 156 |
What Can I Trade on MH?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
1
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