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MH Markets Review 2026

Logo MH Markets
Top Brokers Overview — United States
5.3 /10
Moderate risk
How we tested MH Markets

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

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.

MH Markets, part of Mohicans Markets, is a network of licensed brokerage companies. Its global headquarters are in Dubai, United Arab Emirates (UAE). The broker operates under a Financial Services Commission (FSC), Mauritius license No. GB20026131 and a Securities and Commodities Authority (SCA), UAE license No. 20200000159. Regulation by the Australian Securities and Investments Commission (ASIC), Vanuatu, and Saint Vincent and the Grenadines is also stated for other Mohicans Markets entities. MH Markets provides access to trading more than 100 Forex pairs, as well as contracts for difference (CFDs) on stocks, indices, and commodities, including metals and energy. Traders can choose account types and leverage, floating or fixed, along with trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

TU Expert Verdict

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

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.

MH Markets provides access to trading more than 100 Forex pairs and CFDs on stocks, indices, and commodities through MetaTrader 4, MetaTrader 5, and TradingView. The broker offers Standard, ECN, VIP, Demo, and managed account options with floating or fixed leverage settings and supports a minimum deposit of $50. Regulation is provided by the Financial Services Commission in Mauritius, the Securities and Commodities Authority in the United Arab Emirates, and ASIC for some entities, while clients can benefit from negative balance protection and use additional tools such as a proprietary social trading platform and PAMM investing.

Drawbacks include a narrow selection of available assets, no Cent account or micro lots, a withdrawal fee of 3% or $10, and customer support that is often slow to respond and unable to resolve all inquiries directly. MH Markets may not be suitable for traders seeking a wide range of instruments, quick withdrawals, or immediate client service but can appeal to those prioritizing choice in account type and platform.

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MH Markets User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
6 /10
1 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    100%
  • 2-star
    0%
  • 1-star
    0%
chathurarohan599
PRO
17 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.

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    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, OANDA and FOREX.com, 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 OANDA FOREX.com
    EUR/USD min, pips 0.1 0.7
    EUR/USD max, pips 0.5 1.2
    GPB/USD min, pips — 0.1 0.9
    GPB/USD max, pips — 0.5 1.4

    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 OANDA FOREX.com
    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 3.5 5
    EUR/USD avg spread 2 0.15 0.2
    GBP/USD avg spread 2 0.2 0.4

    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 FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 3 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 10 0-15 0
    Inactivity fee ($, per month) 0 0 15

  • Is MH Markets Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    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
    ASICASIC 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)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:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    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.

    • Exclusive VIP account with enhanced trading conditions
    • Demo account
    • Tight spread ECN account
    • No Cent account
    • No Swap Free account
    MH Markets account types vs top competitors
    MH Markets Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    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:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    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 card deposits and withdrawals
    • USDT (Tether) supported
    • No deposit fee
    • Low minimum withdrawal requirement
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • Withdrawal fee applies
    • Only major base currencies available

    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 Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    Yes
    No
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    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:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    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
    • Indices trading
    • Copy trading platform
    • Crypto trading not available
    • Limited asset selection

    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 Trading.com Plus500
    Currency pairs 40 69 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 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    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
    No
    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 Trading.com Plus500
    Bonds
    No
    No
    No
    ETFs
    No
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    Yes
    No
    No

  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at MH Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    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 Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $50 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 30 20
    KYC time (days) 2 2 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:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    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.

    • Trading bots (EAs) allowed
    • MetaTrader is available
    • Strategy (EA) Builder is available
    • Trade directly from TradingView
    • No access to Free VPS
    • No access to a proprietary platform
    • No access to API

    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 Trading.com Plus500
    MT4
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    Yes
    Yes
    Yes
    Proprietary platform
    No
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    Yes
    Yes
    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 Trading.com 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
    Yes
    No
    API
    No
    No
    No
    Free VPS
    No
    No
    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:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    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
    • Indicators supported
    • 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 Trading.com Plus500
    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 50,000 10,000,000
    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 4.8 4.7
    Google Play score 4.9 4.7 4.4
    Mob. 2FA
    No
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes

  • Customer Support

    Score:
    We evaluated Customer Support at MH Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    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

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

FAQs

How are trading commissions and non-trading fees structured at MH Markets?

MH Markets is assessed as having medium overall fees, with low Forex trading fees, tight EUR/USD spreads, and no charges for deposits or account inactivity. For RAW/ECN accounts, the broker charges a $2 commission per lot with an average spread of 2 pips on EUR/USD and GBP/USD, while non-trading fees include a 3% withdrawal fee or a minimum of $10.

What account types does MH Markets provide and how do their conditions differ?

MH Markets offers Demo, Standard, ECN, Prime (VIP-type), PAMM, and Managed accounts, but does not provide Cent or Micro accounts. The Standard account has a $50 minimum deposit, ECN requires $1,000, Prime starts at $100, and swap-free conditions can be activated via customer support after confirmation of Islamic faith, although exact spread values for ECN and Prime are not specified in the review.

What do user reviews and feedback indicate about MH Markets’ overall user satisfaction?

MH Markets has a user satisfaction score of 6/10 based on a single review, which is rated 3 out of 5 stars. According to user reviews, this suggests a mixed overall impression, without a clear tilt toward strongly positive or strongly negative experiences.

What feedback is available on the MH Markets mobile trading apps?

MH Markets supports mobile trading on iOS and Android, with reported Google Play and App Store ratings of 4.9 and 4.8 respectively and more than 10 million total downloads. The apps support indicators and mobile alerts but do not currently offer mobile two-factor authentication, and the review does not provide additional qualitative user feedback beyond these ratings.

What feedback is there on MH Markets customer support responsiveness and contact options?

Customer support at MH Markets is available 24/7 via online chat, phone, email, feedback form, user account, and social networks such as Facebook, Instagram, LinkedIn, and X, with official contact details listed on the website. However, the review notes a safety score of 4.2/10 for support, citing delays in replies, limited depth of assistance, lack of WhatsApp and Telegram channels, and unspecified holiday hours, which may be inconvenient for users who rely heavily on prompt support.

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