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Licence record

Nexcbit Market: MISA licence BFX2026010

Issuing authority
Moroni International Services Authority
Jurisdiction
Comoros
Licence type
Retail Forex License
Last checked
Sep 29, 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 29, 2026

Licence Verification Record

Moroni International Services Authority BFX2026010

Wikilix read the MISA register on Sep 29, 2026. This is what it said.

Holder
Nexcbit Market
Issuing authority
Moroni International Services Authority
Name on the register
Nexcbit Market Global Ltd
Jurisdiction
Comoros
Licence type
Retail Forex License
Effective
Jan 21, 2026
Expires
Jan 21, 2027
Register status
Claimed licence BFX2026010 does not appear on the Mwali authorised brokerage register; a Comoros MISA registration gives no real protection even if genuine.
Permissions
Forex Trading License (EP) · International Brokerage and Clearing House

Checked Sep 29, 2026

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

wikilix.com/brokers/nexcbit-market/licenses/moroni-international-services-authority/bfx2026010Fields on file 9 / 11

Open Nexcbit MarketAll Nexcbit Market 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 29, 2026
Register says
Claimed licence BFX2026010 does not appear on the Mwali authorised brokerage register; a Comoros MISA registration gives no real protection even if genuine.

Finding

An offshore company registration from the Mwali/Comoros registrar, not supervision by a financial regulator. The Comoros central bank has publicly disavowed MISA licences. Client protection: None. Offshore registration that does not protect client deposits..

Verification note

Offshore Comoros authorisation issued to Nexcbit Market Global Ltd, in force 21 January 2026 to 21 January 2027. The authority operates a light-touch framework with no compensation scheme and no client-money insurance, so the licence confers no meaningful deposit protection.

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

About this MISA licence

What this authorisation is, what it establishes, and what it leaves open.

Issued on the same day the holding company was incorporated, this Comoros authorisation is the only financial licence Nexcbit Market holds. The Mwali International Services Authority (MISA) records International Brokerage and Clearing House licence BFX2026010 in the name of Nexcbit Market Global Ltd, an international business company of the Autonomous Island of Mwali (Moheli), Union of the Comoros, with a term running from 21 January 2026 to 21 January 2027. Nexcbit Market is recorded as the brand operating under it.

MISA is an offshore authority of an autonomous island rather than a national financial regulator of the kind that supervises retail forex in a major market. The licence category it grants here permits foreign exchange trading, futures trading, financial derivatives trading and options trading. It is a permission to conduct that business, granted on application and annual fee, and it is not comparable to authorisation by a statutory conduct regulator.

What the entry establishes is narrow. It shows that a licence of this category exists in this entity's name for this period. It says nothing about the firm's solvency, its execution quality or its treatment of client withdrawals, and it does not extend to any entity other than the named holder. A reader should not read the word licence here as implying the supervision, capital requirements or dispute machinery that phrase carries in an onshore jurisdiction.

The certificate consulted for this check printed the authority, the licence number, the Comoros jurisdiction, an active status, the 21 January 2026 to 21 January 2027 term, the licensed entity and the authorised activities. It printed no capital requirement, no client-money rule, no compensation arrangement and no complaints route, and MISA maintains no public register a client can search independently.

Confirming this licence directly is therefore difficult: the authority publishes no searchable public lookup, so a prospective client cannot check the entry the way an FCA or ASIC record can be checked. The answer would change if the term lapses on 21 January 2027 without renewal, if the authority withdraws the permission, or if the holding entity changes its name.

Written from what the issuing authority's own register published when we last read it. It describes a record, not the firm's conduct, and it is not advice.
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
BFX2026010
Issued to
Nexcbit Market Global Ltd
Licence type (Wikilix classification)
Retail Forex License
Register status
Claimed licence BFX2026010 does not appear on the Mwali authorised brokerage register; a Comoros MISA registration gives no real protection even if genuine.
Effective from
Expires
Permissions
Forex Trading License (EP)International Brokerage and Clearing House
Registered address
Bonovo Road, Fomboni, Island of Moheli, Comoros Union
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 Nexcbit Market applies it.
The holder

Who holds this licence

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

Broker
Nexcbit Market
Named on the register
Nexcbit Market Global Ltd
Based in
Comoros
Wikilix score
24.4the firm’s overall score, not a rating of this licence

Wikilix has flagged Nexcbit Market as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

The name this register printed matches Nexcbit Market Global Ltd below.

  • Nexcbit Market Global LtdMatches the registerComoros · International Business Company · Reg. HV00126490 · Jan 21, 2026
  • Nexcbit Markets LtdReg. 2025-00633
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

Under a year. The operating company was incorporated on 21 January 2026 according to its own AML policy, and its Comoros licence was issued the same day. There is no trading record across a full market cycle and no evidence of how the firm behaves under stress.

By email at support@nexcbitmarkets.com, through the live chat widget, via a contact form, or on WhatsApp. Support is stated to run around the clock in English. The contact page shows no usable telephone number, displaying a placeholder string where the number should be, and the compliance officer is reachable at admin@nexcbitmarket.com.

Its AML and KYC policy states that client funds are held in accounts segregated from the company's own operating funds and used only for margin, settlement and authorised withdrawals. That commitment appears only in that policy document. The terms and conditions, which are the binding client agreement, contain no client money clause at all.

The broker says it does not serve residents of the United States, the United Arab Emirates, India, Cuba, Iran, Iraq, Israel, Myanmar, North Korea, Sudan, Syria, China or Singapore, nor jurisdictions under FATF, OFAC or EU and UN sanctions. Its three published lists do not agree with one another, and the registration form offers all 239 jurisdictions including every restricted one, so the stated policy is not enforced at signup.

Yes. Clause 51 of the terms imposes a minimum holding period of more than 120 seconds on every position, and allows the company to review, cancel, reverse or adjust profits from any trade closed inside that window. This matters because the same site markets raw spreads from 0.0 pips and 25 millisecond execution, conditions that appeal to exactly the short-term traders the clause targets.

The account pages say yes and the terms say no. Every tier is advertised with expert advisors allowed and copy trading available, but clause 26 of the terms and conditions prohibits expert advisors, bots, automated software, scripts, APIs and copy trading software unless the company approves them in writing, and allows it to cancel profits generated that way. Get written permission before running anything automated.

MetaTrader 5 only, on the Nexcbitmarket-Trade server, with Windows, web, Android and iOS builds plus a demo carrying USD 50,000 in virtual funds. TradeLocker is advertised as coming soon and is not yet available.

The broker states withdrawals are processed and approved within 24 to 48 hours by a team operating around the clock. This is the broker's own commitment and no independent record of actual payout performance exists. The Withdrawals clause of the terms and conditions is blank, so nothing in the contract obliges the company to meet that timeframe.

Cryptocurrency only: Bitcoin, Ethereum and USDT. No card or bank option is offered on the funding pages or in the FAQ, despite the AML policy mentioning both. Because crypto transfers cannot be reversed, there is no chargeback route if a withdrawal is later refused.

The accounts page gives no commission and spreads from 1.8 pips on Standard, USD 2 per lot and 1.8 pips on Pro, and USD 10 per lot with spreads from 0.0 pips on Prime. Be aware the homepage and about page advertise a different figure of USD 3 per side, so the published cost of trading is not consistent across the site.

Up to 1:3000 on all three account tiers. That is far above the caps applied to retail clients in the United Kingdom, the European Union and Australia, and it is available here because the Comoros authority imposes no such limit. At 1:3000 a move of well under one percent against a fully margined position wipes out the deposit.

USD 10 for the Standard account. The Pro tier requires USD 100 and the Prime tier USD 500. The FAQ on the broker's site confirms USD 10 as the overall minimum, although a separate FAQ answer claims there is no minimum deposit at all, which the published account table contradicts.

No. Primus Global Ltd is a real and separate Cyprus company, registration HE 337614, formerly named FX Primus Europe (CY) Limited, and its CySEC authorisation covers that company only. Nexcbit's own AML policy states that Nexcbit Market Global Ltd is owned by one individual and that the contracting entity, the service entity and the entity receiving client funds are one and the same, which rules out the parent relationship the footer claims.

Nexcbit Market Global Ltd, a Comoros international business company registered as HV00126490 with a registered office on Bonovo Road, Fomboni, Island of Moheli. Its own AML and KYC policy states the company is wholly owned by a single individual who holds all 1,000 shares, serves as sole director and also performs the money laundering reporting officer role. That document acknowledges the lack of independence this creates.

Nothing establishes that it has taken client money and refused to return it, and its Comoros licence is real. What it does do is publish a false claim: the footer describes it as a subsidiary of a CySEC-regulated Cypriot firm, while its own AML policy says the company is wholly owned by one individual and has no separate entity behind it. Treat it as high risk and unverified rather than proven fraudulent.

Only offshore. Nexcbit Market Global Ltd holds International Brokerage and Clearing House licence BFX2026010 from the Mwali International Services Authority in the Comoros, in force from 21 January 2026 to 21 January 2027. No regulator that supervises retail forex in a major market authorises the brand, and the CySEC licence number that appears in the site footer belongs to a different company.

Licence BFX2026010 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
Nexcbit Market 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 Nexcbit Market Global Ltd, not Nexcbit Market. 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.
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