Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighOnly a genuine but near-worthless Comoros Mwali/MISA offshore registration (Tier 4, disavowed regulator); no tier-1 oversight, and the certificate term lapsed March 2025 though the register still shows Active.
Identity & transparency
6/10 · HighReal entity with a named owner on the register (mitigating), but an offshore Comoros shell run from India and the UAE, a nominal Dubai 'sports club' office, and a public site that hides its people behind inflated claims.
Withdrawals & conduct
5/10 · ModerateTwo fund-integrity complaints (deposits not returned) on one platform, Sep to Nov 2025, low specificity and single-source; consistent theme but the pattern is unconfirmed.
Reputation
6/10 · HighThin, net-negative footprint: a low Trustpilot score with no positive reviews and multiple third-party risk flags, but no regulator warning and no large multi-platform complaint pattern.
Website claims
8/10 · CriticalTwo outright falsehoods: 'top-tier financial authorities' regulation it does not hold, and a 'Founded in 2018 / 7+ Years' history contradicted by a December 2023 domain, plus unverifiable '50,000+ traders' and '100+ years combined experience' claims.
Operational history
7/10 · HighVerifiable history is under three years (domain December 2023, licence March 2024) against an advertised 2018 founding with no predecessor domain, so the age is both young and affirmatively misrepresented.
Who they are
A quick desk file on the company behind the brand.
- Brand: Qorva Markets
- Legal entity: Qorva Markets LTD (Comoros Union, Island of Moheli)
- Registered: Bonovo Road, Fomboni, Island of Moheli, Comoros; company number HT00324027
- Owner on record: Davinder Kumar, Gurugram, India (named as CEO and beneficial owner on the MISA register)
- Claimed office: Office 210, Al-Nasar Sports Club, Dubai, UAE; support number begins +971
- Website: qorvamarkets.com (client portal at portal.qorvamarkets.com)
- Only licence: Mwali/MISA offshore brokerage licence BFX2024040 (Tier 4, near-worthless)
- Offers: Forex, indices, commodities, metals, shares and crypto CFDs, leverage up to 1:500, plus a newer 'Qorva Funded' challenge brand
- Not accepted: United States, Cuba, Iraq, Myanmar, North Korea, Sudan
- Age claim: Advertises 'Founded in 2018 / 7+ Years'; domain and licence date to December 2023 and March 2024
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Comoros Union / Island of Moheli company registration
Found by our investigation (1) — the broker does not list these on its own site
Mwali International Services Authority (MISA)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate Qorva Markets high risk. It is a real, registered business rather than a copy of someone else, but it is young, offshore, and it says things about itself that are not true. The main drivers:
- The only oversight is near-worthless. A Mwali/MISA registration from the Comoros carries no compensation scheme and almost no supervision. It is a risk tier, not real protection.
- The licence term shown on the register has run out. The certificate shows the licence was issued on 15 March 2024 and ended on 15 March 2025. The register still lists the firm as active, but the term on its own certificate lapsed over a year ago and no renewal is shown.
- The regulation claim does not match the paperwork. The homepage advertises 'top-tier financial authorities', while the firm's own regulation page shows only a Comoros company registration and names no regulator.
- The history is invented. A 2018 founding and '7+ years' cannot be true for a domain first registered in December 2023, with no earlier website on record.
- Clients report deposits not coming back. The reviews are few and thin on detail, but the theme is consistent: money paid in was not returned.
- It is a young operation. Under three years old, which limits how much comfort a currently-quiet record can give and keeps our confidence at medium. We assess the risk of fraud as elevated on this profile, though we have not confirmed an organised scheme.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Mwali/MISA register entry lists Qorva Markets LTD, company number HT00324027, licence BFX2024040, and website https://qorvamarkets.com, so the licence genuinely belongs to this operation and it is not a clone of another firm.
E2The same register entry shows the licence was issued 15 March 2024 with an end date of 15 March 2025; that one-year term has passed with no renewal shown, while the master list still labels the firm Active.
E3The only registration anywhere is the Comoros Mwali/MISA offshore licence, a registrar that is not a functioning financial supervisor and that the Comoros central bank has disavowed; there is no FCA, ASIC, CySEC or other tier-1 authorisation.
E4The homepage states the firm is 'fully licensed and regulated by top-tier financial authorities', but names no regulator and its own regulation page documents only a Comoros company registration, HT00324027.
E5The About page claims 'Founded in 2018' and '7+ Years of Excellence', but the main domain was registered 13 December 2023 and its earliest TLS certificate dates to 16 December 2023, with no earlier presence on record.
E6The domain qorvamarkets.com was registered on 13 December 2023, so the operation is under three years old despite advertising a 2018 founding.
E7The advertised 'Qorva Funded' prop brand runs on qorvafunded.com, which was only registered 16 July 2026 and currently resolves to parking nameservers, so the funded product is brand new and undeveloped.
E8Trustpilot shows an unclaimed profile with a low score and no positive reviews; the negative reviews (Sep to Nov 2025) say the broker did not return an initial deposit and 'eat people initial money', a consistent fund-return theme, though without amounts or ticket detail.
ModerateTrustpilotE9The register names the CEO and beneficial owner as Davinder Kumar of Gurugram, India, while the entity is a Comoros shell and the site claims a Dubai office, so control and operations sit outside the licensing jurisdiction.
E10A sweep of the major warning lists (IOSCO, FCA, ASIC, CFTC) found no alert naming Qorva Markets or qorvamarkets.com, so there is no regulator-attested finding against this firm at the time of writing.
ModerateWarning-list sweep (IOSCO, FCA, ASIC, CFTC)
The other side
The strongest case in this broker’s favour.
In fairness, several points cut in Qorva's favour and stop this being a confirmed scam:
- The licence is genuinely theirs. The MISA register lists the exact company, the licence number and the real qorvamarkets.com website, so this is not a clone wearing another firm's credentials.
- The owner is named. The register identifies a real person, Davinder Kumar, and an address, which most pure scams avoid.
- No regulator warning. No FCA, ASIC, CFTC or IOSCO alert names this firm or its domain.
- Complaints are few and unverified. The negative reviews are a small handful without amounts or transaction detail, so a systematic withdrawal-trap is not proven.
- Offshore is not automatically fraud. Many brokers run on weak offshore licences without stealing from clients; that is elevated risk, not proof of theft.
What would change this
What we would need to see to revise the verdict.
The rating would move if any of the following turned up:
- Worse: a regulator warning naming qorvamarkets.com, or several detailed, dated complaints across more than one platform describing withdrawals refused or an extra 'fee' or 'tax' demanded before release. That would push this toward a scam verdict.
- Worse: evidence the MISA licence was cancelled rather than merely lapsed, while the site kept claiming it.
- Better: a genuine, in-force licence from a real regulator (FCA, ASIC, CySEC, FSCA and the like) with qorvamarkets.com listed on that regulator's own register.
- Better: a consistent record of clients confirming fast, full withdrawals over time, and the firm dropping the false 2018 and 'top-tier' claims.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA licence verification for Qorva Markets (BFX2024040)
The Comoros MISA register entry for this broker; shows the licence term ended 15 March 2025.
MISA authorised brokerage companies list
MISA's full list of authorised brokerages; Qorva is row 174, status Active.
Qorva Markets regulation page
The broker's own regulation page, which documents only a Comoros company registration.
Qorva Markets about page
States 'Founded in 2018', contradicted by a December 2023 domain.
Qorva Markets on Trustpilot
Independent customer reviews; unclaimed profile with a low score.
Frequently asked questions
Quick answers about this broker’s safety.
Is Qorva Markets a scam?
We rate Qorva Markets high risk and would not treat it as safe. It is a young, offshore broker whose only registration is a near-worthless Comoros MISA licence, it overstates its regulation and its age, and a few clients say their deposits were never returned. We have not confirmed an organised scam, but the profile carries real risk.
Is Qorva Markets regulated?
Only by the Mwali International Services Authority (MISA) in the Comoros, which is a company registrar rather than a real financial supervisor. It holds no licence from the FCA, ASIC, CySEC or any other tier-1 regulator. In practical terms your funds are not protected.
Is Qorva Markets a fraud?
No regulator or court has made a finding of fraud against Qorva Markets, so we do not state one. We do assess the risk of fraud as elevated, because the firm advertises 'top-tier' regulation it does not hold, claims a 2018 founding that its own records contradict, and some clients report deposits not coming back.
Can I withdraw my money from Qorva Markets?
Some clients report that their initial deposits were not returned, and there is no regulator to force a payout. If you hold funds there, try a small withdrawal first and keep every record. Treat access to your money as uncertain.
Is my money safe with Qorva Markets?
There is no meaningful protection. A Comoros MISA registration carries no compensation scheme and almost no supervision, and the Comoros central bank has publicly disavowed licences issued in its name. If the firm stops paying, recovery options are very limited.
Who owns Qorva Markets?
The Mwali/MISA register names Davinder Kumar of Gurugram, India, as both CEO and beneficial owner. The licensed company is registered in the Comoros, and the website advertises an office in Dubai. So the money-taking entity is an offshore shell run from India and the UAE.
How old is Qorva Markets?
Under three years. The main domain was registered in December 2023 and the MISA licence was issued in March 2024. The site's claim of 'Founded in 2018' with '7+ Years of Excellence' is not supported by any record we found.
What is a MISA (Comoros) licence worth?
Very little. MISA is a registrar on the autonomous island of Moheli, not a functioning financial regulator, and it offers no investor compensation. A MISA licence is best read as a low-cost way to look regulated, not as real protection.
Is Qorva Markets a clone of another broker?
No. The MISA register lists the exact company, the licence number and the real qorvamarkets.com website, so the licence genuinely belongs to this operation rather than being borrowed from a well-known firm.
Does Qorva Markets have an FCA or ASIC licence?
No. It appears on no tier-1 register, and there is no FCA, ASIC, CFTC or IOSCO warning naming it either. Its homepage claim of regulation by 'top-tier financial authorities' is not backed by any named regulator.
What is 'Qorva Funded'?
It is a newer funded-trader or challenge brand promoted by Qorva. Its domain, qorvafunded.com, was only registered in July 2026 and currently sits parked. Whatever the funded programme offers, it does not add any real regulation.
What should I do if I was scammed by Qorva Markets?
Report it to your local financial regulator and to the police or a national fraud line. Contact your bank or card provider quickly to ask about a chargeback, and if you paid by crypto save the wallet addresses and transaction IDs. Be wary of 'recovery' firms that ask for an upfront fee, as those are often a second scam.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 23, 2026
- September 23, 2026CurrentHigh risk (unverified)65% risk
- September 23, 2026High risk (unverified)69% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
For anyone considering Qorva Markets:
- Treat it as an unregulated offshore broker. A Comoros MISA registration gives you no realistic way to recover money if something goes wrong.
- Do not rely on the 'top-tier regulation' or 'since 2018' claims. Neither is supported by the records.
- If you already hold funds there, test a small withdrawal before adding anything, and keep records of every deposit and message.
- Prefer a broker licensed by a tier-1 authority (FCA, ASIC, CySEC and similar) that lists your account entity on its public register.
- If you believe you were defrauded, report it to your local financial regulator and your bank or card provider, and ask about a chargeback where possible.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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