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Licence record
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Covenance MISA licence BFX2025087

Wikilix check
Limited
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.

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Licence intelligence

RecordModified Nov 7, 2026

Licence Verification Record

Moroni International Services Authority BFX2025087

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

Holder
Covenance Global logoCovenance Global
Issuing authority
Moroni International Services Authority logoMoroni International Services Authority
Jurisdiction
Comoros flagComoros
Licence type
Retail Forex License
Register status
Claimed active by the broker; MISA is a disowned regulator and the entry could not be confirmed on a working 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/covenance-global/licenses/moroni-international-services-authority/bfx2025087Fields on file 5 / 11

Open CovenanceAll Covenance licencesAbout MISA
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 4
Jurisdiction
Comoros
Last checked
Sep 25, 2026
Register says
Claimed active by the broker; MISA is a disowned regulator and the entry could not be confirmed on a working register.

Finding

An offshore registration from a Comoros body that the Central Bank of the Comoros has publicly declared fabricated and not authorised to license financial firms. It is not genuine financial regulation. Client protection: None. No client-money protection, no compensation scheme, no recognised supervision.

Verification note

Claimed in the footer of every page on covenanceglobal.com as an International Brokerage and Clearing House licence issued to Covenance Ltd. by the Mwali International Services Authority. The issuing authority operates no public licence lookup, so the claim could not be confirmed against an authoritative record, and no effective or expiry date is published anywhere on the broker's own site.

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
BFX2025087
Licence type (Wikilix classification)
Retail Forex License
Register status
Claimed active by the broker; MISA is a disowned regulator and the entry could not be confirmed on a working 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 describes the authority's regime, not how Covenance applies it.
The holder

Who holds this licence

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

Covenance logo
Broker
Covenance Global
Based in
Comoros
Wikilix score
29.1the 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.

  • Covenance Ltd.Comoros · Reg. HT00725069
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.
Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
Licence BFX2025087 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
Covenance holds this MISA licence. A licence on record means the authority published an entry; it is not an endorsement.
We have checked this entry against the MISA register; the date and the register’s own wording are shown on this page.
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.
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