Mohicans Markets-Overview of Minimum Deposit, Leverage, Spreads

Let's start here:

Mohicans Markets, a relatively new broker, has caught the eye of many investors. They offer a wide range of trading instruments, different types of trading accounts, and even a demo account. Their spreads start from an impressive 0.0 pips. While this suggests a promising trading environment, it's important to verify if this is indeed the case with Mohicans Markets. Let's dive in and learn more.

Mohicans Markets Information

Founded in 2021, Mohicans Markets is a foreign exchange and CFD broker providing trading services in foreign exchange, precious metals energy, indices, cryptocurrencies to its clients in 150 countries around the world.

Pros and Cons

Mohicans Markets, though relatively new, provides an extensive selection of trading instruments and supports the MT5 platform. While it offers a friendly minimum deposit for the Standard account, its regulatory framework is weak, and there's room for improvement in providing deposit and withdrawal details. Nevertheless, the broker compensates with advanced trading tools like Copytrade, PAMM, and VPS services to elevate the trading experience.

Is Mohicans Markets legit？

Mohicans Markets is registered with the ASIC in Australia under regulatory number 659247177, holding a license of Common Business Registration. The Common Business Registration (CBR) is a single registration that allows businesses to comply with multiple regulatory requirements in Australia.

Registered Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	MOHICANS MARKETS PTY LTD	Common Business Registration	659247177

Mohicans Markets Minimum Deposit

When it comes to opening a real trading account on the Mohicans Markets platform, like the standard account, only requires $50 minimum deposit. This is quite appealing because many reputable brokers typically require around $100 to begin your real trading journey. Therefore, this broker's lower minimum deposit can certainly catch the attention of investors.

Here's a comparison table of Mohicans Markets' minimum deposit with other brokers:

Broker	Minimum Deposit
	$50
	$100
	$1 USD
	$100

Market Instruments

With Mohicans Markets, traders can get access to a wide range of trading instruments, including forex pairs, indices, energy, precious metals, index CFDs, digital currencies.

Trading Assets	Available
Forex Pairs
Indices
Energy
Precious Metals
Index CFDs
Cryptocurrencies
Futures
Stocks

Account Types

Regarding live accounts, three options are on offer: STD, ECN, and PRIME, classified based on trader types.

The Standard account asks for a moderately low deposit from $50, allowing trading on both MT4 and MT5, and come with a generous leverage up to 500:1. Overall, this account fits beginners more.

The ECN account is more suitable for experienced traders, requiring a muchhigher minimum deposit of $1,000, and it also allows trading on MetaTrader 4 &5, offering the same leverage up to 500:1 as the STD account.

The Prime account targets experienced traders as well. However, it only requires $100 to start real trading, providing access to MetaTrader 4&5 trading yet with a higher leverage option up to 1000:1.

Mohicans Markets Demo Account

Certainly, Mohicans Markets recognizes the importance of providing accessible opportunities for traders at all levels of experience. To this end, the platform offers demo accounts that mirror the conditions of their live counterparts across various account types, allowing beginners to practice trading with virtual money in a realistic market setting, improving their trading skills.

How to open an account？

Opening an account with Mohicans Markets is simple：

1. Go to the Mohicans Markets website at https://www.mohawksmarkets.com/, then, click on the “Register” button.

2. You will be asked to provide some basic information, such as your name, email address, phone number, and country of residence.

1. You will also be asked to create a username and password.
2. Once you have submitted your information, your account will be created.
3. You will then be able to fund your account and start trading.

Leverage

With Mohicans Markets, traders can enjoy the maximum leverage up to 1:400. Although traders can have the chance to make a fortune in the forex market thanks to leverage, it can also cause serious losses, especially to inexperienced traders.

Spreads & Commissions

Spreads differ based on the type of account you have. The STD account has the widest spreads, starting at 11 pips for the EUR/USD pair. Meanwhile, the STP account provides narrower spreads, beginning at 11 pips, and the ECN account offers the tightest spreads, starting from 0 pips.

Trading Platforms

When it comes to trading platforms, Mohicans Markets provides its clients with access to multiple popular trading platforms, MetaTrader 4 & MetaTrader 4 Web, MetaTrader5 and MetaTrader5 Web. These platforms are versatile, allowing you to download them on various devices like PCs, Apple computers, mobile phones, and tablets, enabling you to trade whenever and wherever you prefer. MT5 supports more than 30 languages for your convenience.

Trading Tools

In addition to MT5 trading platform, Mohicans Markets provides a range of helpful trading tools to help traders get comfortable with forex trading quickly. These tools include Copytrade, PAMM, VPS Dedicated Server, and an Economic Calendar.

Customer Support

Mohicans Markets offers 7/24 customer support and they can be reached through three global offices in the United Kingdom, Australia and Dubai respectively. Mohicans Markets client service team supports multiple languages, and you can talk to them directly online. You can also follow this broker on some social media platforms including Facebook, Twitter, Instagram, Linkedin, Youtube.

Contact Channel	Details
Telephone	+971 588471924
Email	service@mhmarkets.net
Offices	Dubai, United Kingdom, Saint Vincent
Online Chat	7/24
	https://www.facebook.com/mhmarkets.en
	https://www.instagram.com/mohicansmarkets/
	https://www.linkedin.com/company/mhmarkets
	https://www.youtube.com/channel/UCTFYE8rfwSNGmvRzfKmryWA

Conclusion

In conclusion, Mohicans Markets offers traders a wide array of trading instruments, bolstered by the support of the MT5 platform, although it's important to note that this broker is relatively new to the market. Notably, they extend a welcoming minimum deposit option for their Standard account, yet the absence of detailed deposit and withdrawal information is a concern. On a positive front, they provide access to demo accounts for skill honing, coupled with an arsenal of advanced trading tools like Copytrade, PAMM, and VPS services to enhance the overall trading experience. However, it's worth mentioning that the broker falls short in providing strongly regulated trading environment, as its regulatory oversight is comparably weaker.

FAQs

What is the maximum leverage offered by Mohicans Markets？

Mohicans Markets offers leverage of of up to 1:400

What live accounts can I choose from with theMohicans Marketsplatform？

Mohicans Markets makes three real trading accounts available, STD, STP and ECN accounts.

What does Mohicans Markets have on offer？

Mohicans Markets provides access to forex pairs, indices, energy, precious metals, index CFDs, digital currencies.

What trading platfrom does Mohicans Markets offer？

Mohicans Markets provides both MT4 & MT5 trading platforms.

Does Mohicans Markets provide traders with educational resources？

Unfortunately, Mohicans Markets does not provide any educational and research tools for its clients.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.