MH Markets Review 2026

Item: MH Markets
Rating: 5.49
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 20, 2026

Top Brokers Overview — United States

Min. deposit $50
Fees 7 /10
Account types 7.1 /10
Regulation 8.5 /10

5.5 /10

Moderate risk

MH Markets User Reviews 6.0
Commissions and Fees 7.0
Regulation and Safety 8.5
Account Types 7.1
Deposit and Withdrawal 6.5
Markets and Tradable Assets 5.5
Trading Account Opening 8.0
Trading platforms & tools 7.0
Mobile Apps 7.0
Customer Support 4.2

MH Markets Pros & Cons

Regulated operations and multiple industry awards.
Minimum deposit is $50.
Floating or fixed leverage.
Three live account types and demo accounts with virtual funds.
Floating spreads across all account types.
A proprietary social trading platform.
PAMM accounts for passive income.

The website does not specify the trading commission for ECN accounts.
Customer support does not answer all questions and redirects users to a manager.

TU Expert Verdict

MH Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

MH Markets User Reviews

Score:

6 /10

1 total

5-star

0%
4-star

0%
3-star

100%
2-star

0%
1-star

0%

chathurarohan599

PRO

3 weeks ago

UAE

I chose MH Markets because it holds licenses and allows opening multiple account types. Document verification is standard and was completed quickly, and I uploaded my personal data through the user account. Card deposits were commission-free, and the funds were credited almost immediately. The account currency is USD, so it is important to factor in potential conversion in advance. I trade through MT5, execution is stable, and conditions generally match what is stated. The MH Academy section helped me understand the basics of trading. However, online customer support is almost useless, and you need to speak by phone to clarify all trading conditions.

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Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of MH Markets have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee

Withdrawal fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of MH Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, MH Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

MH Markets Standard spreads
	MH Markets	ZForex	OANDA
EUR/USD min, pips		0.1	0.1
EUR/USD max, pips		0.4	0.5
GPB/USD min, pips	—	0.2	0.1
GPB/USD max, pips	—	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

MH Markets RAW/ECN spreads
	MH Markets	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2	7	3.5
EUR/USD avg spread	2	0.1	0.15
GBP/USD avg spread	2	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with MH Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

MH Markets Non-Trading Fees
	MH Markets	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	3	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	10	0-15
Inactivity fee ($, per month)	0	0

Is MH Markets Safe?

Score:

8.5 /10

MH Markets has a safety score of 8.5/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection

Track record of less than 8 years

MH Markets Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
ASIC	Full Name Australian Securities and Investments Commission	Country of regulation Australia	Investor Protection Fund No specific fund but has stringent consumer protection	Regulation Level Tier-1
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation ESCA (UAE)	Full Name Emirates Securities and Commodities Authority	Country of regulation United Arab Emirates	Investor Protection Fund Varies depending on the case, no fixed limit.	Regulation Level Tier-2

MH Markets Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

7.1 /10

MH Markets offers the following account options: Demo, Standard, ECN/Raw spread, VIP, Managed.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Low minimum deposit
Standard account with balanced trading conditions
Demo account

No Swap Free account
No Cent account

MH Markets account types vs top competitors
	MH Markets	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	Yes	No	No
Managed	Yes	No	No

MH Markets accounts trading conditions

MH Markets offers accounts for different trading styles and experience levels. They differ by minimum first deposit and spread conditions. Each client can open up to 10 trading accounts on MT4 and MT5. Accounts support a swap-free option, which is activated through customer support after confirmation of Islamic faith.

Account types:

Account Type	Description
Standard	An account for regular trading and beginners. Minimum deposit is $50.
ECN	An account for professional trading. The first deposit starts at $1,000. The broker states ultra-low spreads, but exact values are not specified.
Prime	A specialized account for high-volume trading. Ultra-low spreads are stated, but they are not listed in instrument specifications. Minimum deposit is $100.
PAMM	Accounts managed by experienced traders. Investors fund them and receive profits or losses based on the deposited amount. The account manager receives a commission if trades are successful and generate income for investors.
Demo	A virtual account for learning and testing, including trading conditions, strategies, and expert advisors (EAs). The validity period is six months, with an option to extend.

Deposit and Withdrawal

Score:

6.5 /10

MH Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

MH Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank wire transfers available
PayPal supported
Low minimum withdrawal requirement
USDT (Tether) supported

Only major base currencies available
Limited deposit and withdrawal flexibility, leading to higher costs
Withdrawal fee applies

What are MH Markets deposit and withdrawal options?

MH Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller, USDT, Ethereum.

MH Markets Deposit and Withdrawal Methods vs Competitors
	MH Markets	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	Yes	No	Yes
Wise	No	No	No
BTC	No	Yes	No

What are MH Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. MH Markets supports the following base account currencies: USD.

What are MH Markets's minimum deposit and withdrawal amounts?

The minimum deposit on MH Markets is $50, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact MH Markets’s support team.

Markets and Tradable Assets

Score:

5.5 /10

MH Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 40 Forex pairs.

40 supported currency pairs
Copy trading platform
Indices trading

Futures not available
Crypto trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by MH Markets with its competitors, making it easier for you to find the perfect fit.

	MH Markets	ZForex	Plus500
Currency pairs	40	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	100	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products MH Markets offers for beginner traders and investors who prefer not to engage in active trading.

	MH Markets	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	Yes	No	No
Managed accounts	Yes	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with MH Markets in 30 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at MH Markets is $50.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fully online account opening process
Low minimum deposit requirement

Registration process may take longer than expected
Account approval may require extra time depending on the documentation.

MH Markets account opening
	MH Markets	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$50	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	30	8	5
KYC time (days)	2	1	3

Is MH Markets available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Opening an account with MH Markets is completed on the broker’s website. The process follows a standard procedure and requires personal details and financial information.

To open an account:

Go to the MH Markets website and click “Register” at the top of the screen.
Complete the registration form with personal details and answer questions about financial status, trading experience, and the purpose of opening an account.
Confirm the email address and log in to the user account.
Select the account type, trading platform, and leverage type and amount.
Upload documents to complete Know Your Customer (KYC) verification.

Features of MH Markets user account allow traders to:

Open new accounts.
View the history of active accounts.
Deposit and withdraw funds.
Track open positions, stop-loss levels, and take-profit levels.
Connect to the social trading platform.
Enable and manage two-factor authentication (2FA) via Google Authenticator.

Trading platforms & tools

Score:

7 /10

MH Markets received a score of 7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

Strategy (EA) Builder is available
MetaTrader is available
Trading bots (EAs) allowed
Trade directly from TradingView

No one-click trading
No access to API
No access to cTrader and its advanced tools.

Supported trading platforms

MH Markets supports the following trading platforms: MT4, MT5, TradingView, WebTrader. This selection covers the basic needs of most retail traders. We also compared MH Markets’s platform availability with that of top competitors to assess its relative market position.

	MH Markets	ZForex	Plus500
MT4	Yes	No	No
MT5	Yes	Yes	No
cTrader	No	No	No
TradingView	Yes	No	Yes
Proprietary platform	No	No	Yes
NinjaTrader	No	No	No
WebTrader	Yes	No	Yes

Key MH Markets’s trading platform features

We also evaluated whether MH Markets offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	No
Trading bots (EAs)	Yes
One-click trading	No
Scalping	Yes
Supported indicators	38
Tradable assets	100

Additional trading tools

MH Markets offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

MH Markets trading tools vs competitors
	MH Markets	ZForex	Plus500
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	No	No
API	No	No	No
Free VPS	No	Yes	No
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	Yes	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

7 /10

MH Markets supports mobile trading, offering dedicated apps for both iOS and Android. MH Markets received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.

Solid iOS user feedback, with a rating of 4.8/5
Mobile alerts supported
Strong Android user ratings, currently at 4.9/5

Mobile 2FA not supported

We compared MH Markets with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	MH Markets	Plus500	Trading.com
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	10,000,002	10,000,000	50,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	4.8	4.7	4.8
Google Play score	4.9	4.4	4.7
Mob. 2FA	No	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

4.2 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

MH Markets customer support is available 24/7 and responds to traders’ questions through key communication channels. Requests can also be submitted directly through the user account.

24/7 support
Several convenient contact methods
The official phone number and email are listed on the website

No support via WhatsApp and Telegram messengers
Support hours on holidays are not specified

MH Markets communication methods:

Online chat on the website.
By phone.
Email.
Feedback form.
Via the user account.
Facebook, Instagram, LinkedIn, X.

Contacts
Registration address	Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, Port Louis, 11328, Republic of Mauritius
Regulation	FSC, SCA (GB20026131, 20200000159)
Official site	https://mhmarkets.com/global/en
Contacts	support@mhmarkets.com +971 4 364 8900

Best MH Markets Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How safe is trading with MH Markets in terms of regulation and investor protection?

MH Markets has a safety score of 8.5/10, which corresponds to a high security level in this review. It is regulated by ASIC (Tier-1), ESCA in the UAE (Tier-2), and the FSC in Mauritius (Tier-3), and offers negative balance protection and KYC verification, but there is no specific investor compensation fund mentioned and its track record is less than 8 years.

What types of trading accounts does MH Markets offer and how do they differ?

MH Markets provides Demo, Standard, ECN, Prime (VIP-type), PAMM, and Managed account options, each with different minimum deposits and spread conditions. For example, the Standard account starts from $50, ECN from $1,000, and Prime from $100, while swap-free conditions can be activated via customer support after confirmation of Islamic faith; however, there is no Cent or Micro account and micro lots are not available.

What do user reviews say about MH Markets overall?

MH Markets has a user satisfaction score of 6/10 based on a single review, which is rated 3 out of 5 stars, indicating a mixed impression. According to user reviews, there are no strongly positive or strongly negative ratings reported in this section.

What feedback is available on MH Markets mobile trading apps?

MH Markets supports mobile trading on both iOS and Android, with strong user ratings of 4.8/5 in the App Store and 4.9/5 on Google Play, and offers mobile indicators and alerts. The section notes that mobile two-factor authentication (2FA) is not supported, despite the high download count and generally positive app feedback.

How effective is MH Markets customer support based on available feedback?

Customer support at MH Markets is available 24/7 via online chat, phone, email, feedback form, user account, and social networks, but the review notes delays in replies and limited depth of assistance. The safety score for customer support is 4.2/10, and it is mentioned that response speed was below expectations and that support hours on holidays are not specified.