Investigation Report

Following multiple user reports and our internal investigation, we have flagged MH Markets as a high-risk entity and potential fraud operation. The broker claims to be regulated, but our checks with the stated regulatory bodies show their licenses are either fake or belong to an unrelated cloned company (a "Clone Firm" scam).

Many traders have reported extreme difficulty in withdrawing their funds. Requests are met with silence, impossible trading volume requirements, or demands for unexpected "tax payments" prior to release.

Key Warning Signs

  • Fake Regulation: Falsely claims to be licensed by the FCA and ASIC. The registration numbers provided on their site belong to legitimate, unrelated companies.
  • Withdrawal Refusals: Dozens of verified reviews confirm that withdrawal requests are completely ignored or rejected under false pretenses.
  • Aggressive Boiler-Room Tactics: "Account managers" routinely contact clients directly via WhatsApp, pushing them to deposit more funds to "recover" artificial losses.
  • Unrealistic Bonuses: Offers 200% deposit bonuses that lock your initial capital with impossible volume requirements.

What to do if you've been scammed

If you have already deposited money with this broker, follow these steps immediately:

  1. Stop Depositing: Do not pay any "fees", "taxes", or "insurance" to get your money back. This is part of the scam.
  2. Contact Your Bank: If you deposited via credit/debit card recently, contact your bank and request a chargeback for fraud.
  3. Report to Authorities: File a report with your local financial regulator (like the SEC, FCA, or ASIC) and your local cybercrime police unit.
  4. Beware of Recovery Agents: Be extremely careful of companies claiming they can recover your money for an upfront fee. These are often secondary scams run by the same people.