MISA regulated forex brokers
Mwali International Services Authority · 🇰🇲 Comoros (Mohéli)
The Mwali International Services Authority (MISA) is the financial regulator for Comoros (Mohéli), established in 2016. ForexLicenses.com classifies it as tier 4 (light / offshore). We currently match 1 broker in our database to an MISA licence.
MISA issues international brokerage licences from the island of Mohéli in the Comoros. The regime has minimal capital and supervisory requirements, and a MISA licence should be treated as offering very limited practical protection.
Key rules for retail clients
- Tier
- Tier 4 — Light / offshore
- Compensation
- No compensation scheme
- Leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Minimal
- Complaints
- None
Brokers licensed by the MISA 1
Frequently asked questions
How do I check if a broker is MISA regulated?
Search the firm's name or licence number on the MISA official register (https://mwaliregistrar.com/list-of-entities), confirm the status is current and that the website domain you're using is listed, then check the MISA warning list for clones.
Does the MISA offer investor compensation?
No compensation scheme
What leverage do MISA-regulated brokers offer?
No statutory cap
Is negative balance protection required by the MISA?
It is not a regulatory requirement under the MISA, though some brokers offer it contractually.