Brokers  /  MH Markets

MH Markets

Low risk
🇦🇺 Australia · 2-5 years · since 2022-05-16 · Mohicans Markets (Ltd)
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Independent ratingshow third parties score this broker
WikiFX7.38/10
Trustpilot/5
Forex Peace Army/5
18
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints3012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMohicans Markets (Ltd)
Headquarters🇦🇺 Australia
Founded2022-05-16
Years operating2-5 years
Employees0
Official websitemhmarkets.com
Trading conditions
Avg execution speed553.5 ms C
Avg slippage-11.5 AA
Swap ratingAA
Trading cost ratingD
Monitored traders315
Monitored orders141,304
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, Port Louis, 11328, Republic of Mauritius

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
ASICForex Execution License (STP)455388AustraliaRegulated
FSCADerivatives Trading License (EP)55437South AfricaRegulated

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
PRIME1:2000USD 100----
ECN1:2000USD 1,000----
STANDARD1:2000USD 50----

Review analysis AI

Across 22 recent Trustpilot reviews, 9% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
United States14
United Kingdom6
Japan1
Australia1

Real user reviews

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About MH Markets

MH Markets is a forex and CFD broker based in Australia, with records dating to 2022-05-16. It reports oversight from ASIC, FSCA.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

Overview compiled by FXCanary from regulatory records and public data. full MH Markets review