Wikilix
Licence record
Bancara logo

Bancara MISA licence CL20250609

Wikilix check
Ended
Issuing authority
Moroni International Services Authority
Jurisdiction
Comoros
Licence type
Retail Forex License
Last checked
Sep 25, 2026

This is Wikilix's record of a licence issued by Moroni International Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Nov 4, 2026

Licence Verification Record

Moroni International Services Authority CL20250609

Wikilix read the MISA register on Sep 25, 2026. This is what it said.

Holder
Bancara LTD logoBancara LTD
Issuing authority
Moroni International Services Authority logoMoroni International Services Authority
Jurisdiction
Comoros flagComoros
Licence type
Retail Forex License
Register status
Could not be confirmed on the Mwali register
Not found on register

Checked Sep 25, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/bancara/licenses/moroni-international-services-authority/cl20250609Fields on file 6 / 11

Open BancaraAll Bancara licencesAbout MISA
Our check
Checked

What we checked

This licence is no longer in force, or the register did not carry it when we looked.

Wikilix check
Ended
Authority strength
Tier 4
Jurisdiction
Comoros
Last checked
Sep 25, 2026
Register says
Could not be confirmed on the Mwali register

Finding

Claimed Mwali crypto asset provider registration held by Bancara LTD. Mwali is a disavowed offshore registrar, not a crypto supervisor. Client protection: None.

Verification note

Published by the broker on its own Regulation and Licensing page and repeated in the Contracting Entity Schedule of its Terms and Conditions, in both cases as a Brokerage and Clearing House licence held by BANCARA LTD. The authority operates no public licence lookup, and the broker publishes no certificate, no verification link and no issue or expiry date, so the entry could not be confirmed against the authority itself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
CL20250609
Licence type (Wikilix classification)
Retail Forex License
Register status
Could not be confirmed on the Mwali register
The authority

About MISA

Moroni International Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Comoros.

Full name
Moroni International Services Authority
Jurisdiction
Comoros
Strength
Tier 4Minimal supervision. A registration here says little about client protection.
Established
2014
Oversight
A government or statutory body
Firms we track under it
20 firms
Regulates
Forex
Licences it issues
International Brokerage Licence
Typical cost of a licence
USD 3000-7000
Public register
No public register published
Transparency
Low

MISA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

MISA's own rules for the firms it authorises.

  • No compensation scheme
  • No complaints route
This licence is not in force, so these protections do not apply to it. They describe MISA's regime for the firms it currently authorises.
The holder

Who holds this licence

The licence above is recorded against Bancara. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Bancara logo
Broker
Bancara LTD
Based in
Comoros
Wikilix score
39.1the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • BANCARA LTDComoros
  • ISLAND CAPITAL LTD.Vanuatu · International Company · Reg. 700627 · Jun 6, 2022
  • ALTUS INVESTIUM LTDAustralia · Australian Public Company · Reg. ACN 169 233 078 / ABN 87 169 233 078 · Apr 24, 2014
  • MAGAUTA CAPITAL (PTY) LTDSouth Africa
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Bancara holds

3 other licences are on record for Bancara.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Licence CL20250609 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
Bancara holds this MISA licence. A licence on record means the authority published an entry; it is not an endorsement.
No. This licence is no longer in force, or the MISA register did not carry it when we looked. It is kept on record because a closed registration is part of a firm’s history.
Wikilix rates MISA tier 4, the lowest band. A registration here says little on its own about client protection.
Yes, MISA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
Bancara has 3 other licences on record with Wikilix, across 3 jurisdictions. They are listed further down this page.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.