WikiFX Review: Is Mohicans Markets A Solid Broker Or Just Another Scam?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of Mohicans Markets based on the facts.

What is WikiFX？

To explore whether Mohicans Market is a scammer or not, we evaluated Mohicans Markets from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of Mohicans Markets based on its general information and regulatory status

To understand Mohicans Markets better, we explore Mohicans Markets by analyzing main perspectives:

A. General Info of Mohicans Markets

B. Regulatory Status

A. General Info of Mohicans Markets

Mohicans Markets general info has been shown below:

(source: WikiFX)

About Mohicans Markets

Founded in 2021, Mohicans Markets is a foreign exchange and CFD broker providing trading services in foreign exchange, precious metals energy, indices, cryptocurrencies to its clients in 150 countries around the world.

Market Instruments

With Mohicans Markets, traders can get access to a wide range of trading instruments, including forex pairs, indices,

Account Types

There are three trading accounts are on offer: Standard, Standard Direct, and ECN account, with the minimum initial deposit for each account at $50, $500 and $1,000 respectively.

How to open an account？

Opening an account with Mohicans Markets is simple, just need you to fill out some basic information (your name, phone number and email address). They will approve your application, after approval, a new account will be registered.

Leverage

With Mohicans Markets, traders can enjoy the maximum leverage up to 1:400. Although traders can have the chance to make a fortune in the forex market thanks to leverage, it can also cause inexperienced traders serious losses.

Trading Platform

In terms of trading platforms available, Mohicans Markets offers its clients access to the leading MT4 and MT5 trading platforms, which is good news. With MT4 and MT5, you can download it on multiple devices, including PC, Apple computer, Mobile Phone and Tablet computer for to you trade anywhere, any time.

Trading Tools

Aside from the MT4 and MT5 trading platforms, Mohicans Markets also offers rich trading tools to assist traders in quickly acquainting themselves with forex trading. They include Copytrade, PAMM, VPS Dedicated Server, as well as Financial Calendar.

Customer Support

Mohicans Markets offers 24x5 customer support and they can be reached through three global offices in the United Kingdom, Australia and Dubai respectively. Mohicans Markets client service team supports multiple languages, and you can talk to them directly online. You can also follow this broker on some social media platforms including Facebook, Twitter, Instagram, Linkedin, Youtube.

B. Regulatory Status

The legitimate license of Mohicans Markets

Mohicans Markets is a regulated broker. It is regulated by ASIC with license number 001296777.

2. Exposure related to Mohicans Markets on WikiFX

On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.

One investor from HK complained that Mohicans Markets changed its name frequently. And this broker block clients withdrawal request, causing a massive financial loss to the investor.

3. Conclusion:

Although 5.07/10 maybe a decent score, we cannot consider Mohicans Markets is a reliable broker due to the complaint. We advise fellows to do more research before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

https://wikifx1.onelink.me/QUVu/ix7lutel