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Licence record

FNmarkets: MISA licence BFX2024210

Issuing authority
Moroni International Services Authority
Jurisdiction
Comoros
Licence type
Retail Forex License
Last checked
Sep 24, 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 Sep 24, 2026

Licence Verification Record

Moroni International Services Authority BFX2024210

Wikilix read the MISA register on Sep 24, 2026. This is what it said.

Holder
FNmarkets
Issuing authority
Moroni International Services Authority
Name on the register
FNmarkets LTD
Jurisdiction
Comoros
Licence type
Retail Forex License
Effective
Nov 20, 2024
Expires
Nov 20, 2025
Register status
Listed Active (verify record shows a one-year term to 20 Nov 2025)
Permissions
Foreign exchange trading · Futures trading · Financial derivatives trading · Options trading

Checked Sep 24, 2026

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

wikilix.com/brokers/fnmarkets/licenses/moroni-international-services-authority/bfx2024210Fields on file 10 / 11

Open FNmarketsAll FNmarkets 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 24, 2026
Register says
Listed Active (verify record shows a one-year term to 20 Nov 2025)

Finding

An offshore brokerage registration for FNmarkets LTD, confirmed on the Mwali registrar list. MISA is an autonomous-island registrar, not a recognised financial supervisor, and gives little real protection. Client protection: Minimal; an offshore registration rather than genuine financial supervision.. Effective: 20 Nov 2024. Expires: 20 Nov 2025.

Exhibit

Register screenshot, captured Sep 24, 2026

Verification note

In-force offshore brokerage licence issued in the Comoros. The authority applies a low-cost registration regime with no client-money segregation requirement, no compensation scheme and no public licensee lookup, so the permission is genuine but carries very little practical protection for a client.

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
BFX2024210
Issued to
FNmarkets LTD
Licence type (Wikilix classification)
Retail Forex License
Register status
Listed Active (verify record shows a one-year term to 20 Nov 2025)
Effective from
Expires
Permissions
Foreign exchange tradingFutures tradingFinancial derivatives tradingOptions trading
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
  • Negative balance protection
  • No complaints route
  • Maximum leverage1:997
This describes the authority's regime, not how FNmarkets applies it.
The holder

Who holds this licence

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

Broker
FNmarkets
Named on the register
FNmarkets LTD
Based in
Comoros
Wikilix score
34.8the firm’s overall score, not a rating of this licence

Recorded companies

The name this register printed matches FNmarkets LTD below.

  • FNmarkets LTDMatches the registerComoros
  • FNmarkets (Mauritius) LtdMauritius · Reg. C224178 · Jul 21, 2025
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.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
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.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences FNmarkets holds

One other licence is on record for FNmarkets.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions

Not long, and the founding date is not reliably documented. The earliest date confirmed for the operation is its Comoros licence, effective 20 November 2024, and the Mauritius company was incorporated on 21 July 2025. There is no verifiable record of the brand before late 2024.

There is no external body to appeal to. The Comoros authority behind the forex licence operates no complaints mechanism, no ombudsman and no compensation scheme, and the Mauritius licence does not cover the forex service, so its complaints route does not apply. Any dispute would have to be pursued directly with the company.

The published contact points are the email address support@fnmarketsglobal.com and a United Kingdom telephone number, +44 07882 967220. The registered address given for the Comoros company is Bonovo Road, Fomboni, Island of Moheli, Comoros Union.

Nothing on record says that it is. The Comoros authority that licenses the forex service does not require client funds to be segregated, and no commitment to segregation is published by the operator. A client should assume deposits sit alongside company money unless the broker states otherwise in writing.

This could not be established. No restricted-country list, accepted-country list or eligibility clause is on record for this operator, so there is no reliable statement of which jurisdictions it will and will not onboard.

Yes. The Islamic account is the swap-free tier, with variable spreads from 0.8 pips, the same 50 USD minimum deposit and the same 1:500 maximum leverage as the other accounts.

This is not published. Neither the processing time for any payment channel nor the withdrawal fee, minimum or maximum is on record, so the cost and the timing of taking money out cannot be established before an account is funded. That is worth weighing before depositing.

Cards, mobile wallets and cryptocurrency are accepted, including Visa, Mastercard, Apple Pay, Google Pay, Sticpay, Volet and crypto transfers. Deposits are stated to carry no broker charge.

MetaTrader 5 only, running on a single live server. There is no MetaTrader 4 option and no proprietary platform.

It depends on the account. The Raw account quotes variable spreads from 0.0 pips and charges a commission of 7 USD per lot. The Standard and Islamic accounts quote from 0.8 pips and charge no commission. No account-keeping or inactivity fee is applied.

Up to 1:500 on every account. That is several times the retail limit imposed by regulators in the United Kingdom, the European Union and Australia, and it is available because the offshore licence sets no cap. Leverage at that level magnifies losses as much as gains.

50 USD. The same minimum applies to all three accounts, Standard, Raw and Islamic.

The brand runs through two companies. FNmarkets LTD, registered in the Comoros, holds the forex licence. FNmarkets (Mauritius) Ltd, incorporated on 21 July 2025 under number C224178, holds a Mauritius securities licence. The Mauritius entity reports that it has no corporate parent and is held by natural persons, who are not named publicly.

There is no evidence that FNmarkets is a scam. It is a licensed operation with two named companies behind it, one of which is confirmed on an official corporate registry. The concern is not fraud but recourse: the licence covering its trading service requires no segregation of client money and funds no compensation scheme, so a client who runs into trouble has very little to fall back on.

Only offshore. FNmarkets LTD holds an in-force brokerage licence issued in the Comoros by the Mwali International Services Authority, number BFX2024210, valid to 20 November 2026 and covering foreign exchange dealing. There is no licence from a regulator in the United Kingdom, the European Union, Australia or any comparable retail market.

Licence BFX2024210 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
FNmarkets holds this MISA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the MISA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
The MISA register prints it under FNmarkets LTD, not FNmarkets. Licences are often held by a subsidiary rather than the trading brand, which is why searching a register for the brand alone can return nothing.
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.
This page links straight to the MISA register. Search it for BFX2024210, and for the name FNmarkets LTD rather than the trading brand.
FNmarkets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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