MHMarkets is a foreign exchange broker founded in Australia, mainly providing investors with foreign exchange, precious metals, energy, index trading services, the company's official website supports simplified Chinese, traditional Chinese, English, Vietnamese, Burmese as the language of use. In addition, the MHMarkets official account registration page is also available in simplified Chinese, Traditional Chinese, English, Vietnamese and Burmese.
Company background:
According to the MHMarkets website, the company is incorporated in Australia. A search on the Australian Securities and Investments Commission (ASIC) website revealed that the information that the company was incorporated in Australia was true and that the company had an ABN number on the Australian Business Registry. In addition, according to the domain name registration information of the website queried by Whois, the company's official website domain name was registered on May 30, 2021, and the domain name registration time has been more than 2 years ago.
Account Registration:
MHMarkets official website provides investors with real account, demo account registration links. The way to register a real account is: Click "Register" in the upper right corner of MHMarkets official website, or "Open Account" on the left of the home page of MHMarkets official website to enter the registration page, and select or fill in the Email, name, phone number, password, Email verification code and other information as required to complete the real account registration. The registration method for the demo account is: Click "Register" in the upper right corner of MHMarkets official website, or "Open Account" on the left side of the home page of MHMarkets official website to enter the registration page, and select "Apply for Demo Account". Select or fill in the required trading software, account type, guarantee you (leverage) ratio, phone, Email, Email verification code, name and other information to complete the demo account registration. In addition, the MHMarkets official website account registration page supports simplified Chinese, Traditional Chinese, English, Vietnamese, Burmese.
Account Type:
According to the MHMarkets website, the company provides investors with three different types of trading accounts: STD Account, STP Account and ECN Account. The MHMarkets website also provides the difference between the minimum deposits and spreads for these three trading accounts.
Trading Products:
According to the MHMarkets website, the company provides investors with foreign exchange, precious metals, energy, index trading services. However, the official website of MHMarkets only provides foreign exchange, precious metals, energy, specific trading products covered by the index, and the spread of specific trading products, and does not provide information on the commission, minimum trading unit, maximum trading unit, and overnight interest of specific trading products covered by foreign exchange, precious metals, energy, and index.
Margin ratio:
While MHMarkets shows margin (leverage) ratios for different account types in the "Account Types" section on its website, MHMarkets does not provide margin (leverage) ratios for FX, precious metals, energy, and specific trading products covered by the index.
Trading Hours:
The MHMarkets website does not provide information on trading hours for FX, precious metals, energy, and specific trading products covered by the index.
Deposits and Withdrawals:
The MHMarkets website does not provide information on the channels and methods of deposit and withdrawal it supports, nor does it provide information on the currencies in which it supports deposit and withdrawal, as well as the fees and times of deposit and withdrawal.
Trading Software:
MHMarkets website information shows that the company offers investors MetaTrader4 (MT4), MetaTrader5 (MT5) two types of trading software. The MT4 and MT5 software from MHMarkets supports tablet (Winodws/MacOS), Web and mobile (IOS/Android) versions. However, the Android version of MT4, MT5 software in some countries or regions, there is no download installation or download installation speed is slow.
Other services:
According to the MHMarkets website, the company provides investors with economic calendars, PAMM accounts, copy trading and VPS services. Among them, the economic calendar can help investors understand the events that have happened or are about to happen in the financial market, PAMM accounts can allow investors to manage multiple other sub-accounts through one main account, copy trading can allow investors to copy or use others' trading strategies or trading methods, and VPS can help investors reduce or avoid trading risks caused by network problems.
Regulatory information:
MHMarkets is regulated or authorised by the Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC) and MWALI International Services Authority (MISA). It holds a Currency Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Although the Vanuatu Financial Services Commission (VFSC) website does not have regulatory or authorisation information on the company, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), whose primary mission is to detect, prevent and deter money laundering and the financing of terrorism, does not regulate or authorise brokers. However, a search on the websites of the Australian Securities and Investments Commission (ASIC) and the MWALI International Services Authority (MISA) showed that the regulatory or authorisation information obtained by the company from ASIC and MISA was true. The information that the company holds a Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Money Services Business (MSB) license is also true.
Summary:
MHMarkets is a normal broker. Although the Vanuatu Financial Services Commission (VFSC) website has no regulatory or authorisation information on the company, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), whose primary mission is to detect, prevent and deter money laundering and terrorist financing, does not regulate or authorise brokers. However, a search on the websites of the Australian Securities and Investments Commission (ASIC) and the MWALI International Services Authority (MISA) showed that the regulatory or authorisation information obtained by the company from ASIC and MISA was true. The information that the company holds a Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Money Services Business (MSB) license is also true. In addition, a search on the Australian Securities and Investments Commission (ASIC) website revealed that the information that the company was incorporated in Australia was true and that the company held an ABN number from the Australian Business Registry. Judging by this, MHMarkets is a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
