MH Markets

MH Markets Information

MH Markets was registered in Mauritius and has a global presence. It mainly focuses on trading services in forex, commodities, indices, cryptocurrencies, shares. It offers a demo account for practicing and 3 tiered live accounts.

In addition, traders can enjoy top-notch trading experience with the industry-leading MetaTrader 4 and 5 platforms. And the broker allows for social trading so investors can quickly start to win profit by following and interacting with successful predecessors within communication communities.

Furthermore, you can also win bonus by participating the broker's promotion programs such as trading bonus, cashback rewards and loyalty gift promo.

Another good thing is that the company is currently regulated by ASIC and SCA, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection. However, you should be cautious because the VFSCregulation status is exceeded.

Pros and Cons

Is MH Markets Legit?

MH Markets is currently being well regulated by Australia Securities & Investment Commission (ASIC) and SCA (Securities and Commodities Authority) with license no. 000455388 and 20200000159 respectively.

However, one crucial point to note is that the broker currently exceeds the scope of its SCA regulation, suggesting that it might be engaging in financial activities beyond what is legally permitted by the SCA.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	ASIC	Regulated	MOHICANS MARKETS CAPITAL PTY LTD	Straight Through Processing (STP)	000455388
	SCA	Exceeded	MH Markets Financial Services LLC	Investment Advisory License	20200000159

What Can I Trade on MH Markets?

Account Type

Except for a demo account to familiarize yourself before commiting actual trading, the broker offers 3 tiered accounts with different trading conditions to suit for the needs of different client groups:

Leverage

While the broker offers leverage up to 1000x, traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.

Trading Platform

MH Markets claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

You can reach the platform on web, or download app from Windows, mobiles phones and Mac.

Deposit and Withdrawal

Per its website info, MH Markets enables payment through bank/wire transfers, credit cards, local banking, and QR payments.

Promotion Programs

To encourage customers to be actively in trading, MH Markets' promotion programs offer incentives such as deposit bonuses, monthly cashback rebates, and luxury gifts based on trading volume and deposit levels.

• Deposit Bonus: traders can get a 10% bonus on deposits from $500 to $200,000. Bonus withdrawal requires trading volume of 25x the bonus within 90 days.

• Cashback Rebate: investors can earn up to $5 per lot based on net deposit levels. Cashback is capped (e.g., up to $40,000 for Level 3) and calculated monthly. The rebate only applies to Standard/Prime/ECN accounts.

• Gift Program: you can receive gifts like iPhones, MacBooks, or gift cards by meeting specific net deposit and trading volume thresholds set by the broker. Gifts can be selected by tier, and higher-tier rewards may be split into lower-tier items if criteria are met.