Mwali International Services Authority (MISA (Comoros))
Regulatory authority for Comoros
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- Jurisdiction
- Comoros
- Authority type
- Tier three financial regulator
- Established
- Not confirmed
- Head office
- Not confirmed
- Official website
- mwaliregistrar.com
- Public register
- Register not confirmed
- Complaint information
- Complaint route not confirmed
- Compensation arrangement
- Not confirmed
- Retail forex and CFD remit
- Limited or indirect
- Regulatory framework rating
- C Weak or limited safeguards
- Connected broker records
- 4
- Official warnings recorded
- 0
About MISA (Comoros)
MISA (Comoros) is an authority in Comoros. We have confirmed responsibility for licensing, but its precise role in supervising retail forex and CFD providers requires review of the relevant licence and legal entity.
A registration authority on the island of Mohéli. It grants brokerage licences with minimal supervision and is treated as a red flag by most reviewers.
Registration with an authority is not always equivalent to prudential supervision or permission to provide leveraged trading services. Review the exact licence category, permissions and status.
What MISA (Comoros) does
Licensing
MISA (Comoros) reports responsibility for licensing. The scope can vary by firm type, permission and applicable law.
Powers and responsibilities
| Capability | What it means | Status |
|---|---|---|
| Licensing | Whether the authority grants or administers financial-services licences relevant to broker entities. | Confirmed |
| Supervision | Whether licensed firms are subject to ongoing reporting, monitoring or conduct requirements. | Not confirmed |
| Enforcement | Whether the authority can investigate, restrict, suspend, fine or otherwise act against firms. | Not confirmed |
| Public register | Whether users can search licensed entities, permissions, status and contact details. | Not confirmed |
| Warnings | Whether the authority publishes warnings about unauthorised firms, clones, scams or market conduct. | Not confirmed |
| Complaints | Whether it accepts complaints, refers disputes or publishes an external-resolution route. | Not confirmed |
| Client assets | Whether relevant rules address segregation, custody or handling of client money. | Not confirmed |
| Financial resources | Whether relevant licensees face capital, solvency or audit requirements. | Not confirmed |
The existence of a power does not establish how it was applied to a particular firm. Use dated enforcement and licence records for firm-specific conclusions.
MISA (Comoros) licence types
Licence names and permissions are jurisdiction-specific. The same authority may supervise firms under categories that do not all permit retail forex or CFD services.
- Licence or registration type
- Tier three financial-services licence
- Category code
- Not confirmed
- What this category covers
- A registration authority on the island of Mohéli. It grants brokerage licences with minimal supervision and is treated as a red flag by most reviewers.
- Retail forex and CFD relevance
- Limited or indirect
- Recorded permissions
- Not confirmed
- Common restrictions or limits
- Not confirmed
- View entities with this record
- 4 connected broker records
Do not convert every company registration, membership or representative status into “regulated”. The source category is preserved and its scope explained.
Brokers connected with MISA (Comoros) records
These records connect broker brands with legal entities found in MISA (Comoros) information. A brand can use more than one entity, and only the named licensed entity receives the recorded permissions.
| Broker | Entity | Licence | Status | Website match | Country relevance | Checked | |
|---|---|---|---|---|---|---|---|
 AAAFx 7.9/10 | AAAFx Global Ltd | Tier three licence BFX2025097 | Review pending | Not confirmed | Not confirmed | 26 August 2026 | View licence record |
 Alpari 7.9/10 | Parlance Trading Ltd | Tier three licence | Review pending | Not confirmed | Not confirmed | Not confirmed | View licence record |
 Octa 7.9/10 | Not confirmed | Tier three licence T2023320 | Review pending | Not confirmed | Not confirmed | Not confirmed | View licence record |
 FXCC 7.7/10 | Central Clearing Ltd | Tier three licence BFX202408 | Review pending | Not confirmed | Not confirmed | 26 August 2026 | View licence record |
This record comes from the broker's own published regulatory statement and has not yet been matched to the authority's register.
Client protections under MISA (Comoros)
Available protections depend on the licensed entity, licence category, client classification, product and account location. The items below describe confirmed framework features, not guaranteed outcomes.
- Client-money rules
- Not confirmed
- Capital requirements
- Not confirmed
- Negative balance protection
- Not confirmed
- Leverage restrictions
- Not confirmed
- Compensation scheme
- Not confirmed
- External dispute resolution
- Not confirmed
- Risk disclosures
- Not confirmed
- Reporting or audit
- Not confirmed
A compensation arrangement may have eligibility rules, exclusions and payment limits. It does not cover ordinary trading losses and may not cover clients of another entity in the same broker group.
How to complain about a MISA (Comoros)-regulated broker
Start with the legal entity shown on your account agreement. The complaint route depends on whether that entity is licensed, whether the service falls within the licence and whether you meet the relevant eligibility rules.
- Confirm the broker brand, legal entity, website and licence number.
- Submit a formal written complaint to the broker and retain the reference number and evidence.
- Check the authority's official complaint guidance and the firm's register entry.
- Escalate to the eligible ombudsman, dispute body, compensation arrangement or authority route.
- Report suspected crime, impersonation or unauthorised activity to the appropriate public authority.
We have not confirmed a public complaint-submission route for this authority. Check the official website and the broker's governing documents.
88 Forex Brokers does not decide disputes or provide legal advice. Deadlines and eligibility requirements may apply.
Warnings and enforcement
Warnings, investor alerts, clone notices and enforcement actions appear here as they are recorded, with the date, the subject and the source.
Resources
Updates
Material changes to licence status, warnings, enforcement records and the profile itself are listed here with the date.