MISAComorosTier 4Licence number
BFX2024040
View licence record- Licence holder
- Held by Qorva Markets
- Licence type and regime
- Offshore
LimitedChecked
At a glance
Regulation on record for Qorva Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 0
- Found on an official register
- 1
Qorva Markets has one licence on record with Wikilix, issued by one authority across one jurisdiction. None was issued by a tier-1 or tier-2 authority. We located 1 of 1 on the issuing authority’s own register.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Qorva Markets, strongest authority first.
1 record
- MISAComorosTier 4
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- MISA registerOpen register
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
Frequently Asked Questions
Questions about the licences held by Qorva Markets
Answered from the register entries on this page.
Most Popular Questions
Forex, indices, stocks, commodities, metals and cryptocurrency. The trading conditions page breaks this down as more than 55 currency pairs, 25 commodities, 15 indices and 10 cryptocurrencies, giving more than 100 instruments in total. Banner copy across the site advertises more than 500 instruments, which the broker's own breakdown does not support.
By live chat, by email to info@qorvamarkets.com, or by telephone and WhatsApp on +971-50-8596-279. The contact page lists separate general, support and partnership addresses, but all three resolve to the same mailbox. Despite the 24/7 support claimed throughout the site, the contact page states support is closed on Sundays.
A demo account is offered with a 10,000 USD virtual balance and the same features as a live account. No Islamic or swap-free account is published; the contract specifications state that swaps are charged on spot instruments, with a triple charge applied on Wednesdays.
There is no regulatory protection over money deposited with Qorva Markets. The site states that client funds are segregated and held with top-tier banks and that indemnity insurance is in place, but with no supervising authority none of that is checked by anyone and none of it could be verified. There is no compensation scheme.
The company states it does not serve residents of the United States, Cuba, Iraq, Myanmar, India, North Korea or Sudan, although its homepage version of that clause omits India. In practice the registration form offers all 250 jurisdictions with no filter, including every country named in those restrictions, so the stated limits are not applied at signup.
The funding page states one to three business days for cards, within 24 hours for e-wallets, one to five business days for bank transfers and within one hour for cryptocurrency. The help section gives different figures for the same methods, three to five business days for cards and three to seven for bank transfers, so the site does not state a single consistent timescale.
Cards, e-wallets including PayPal, Skrill and Neteller, bank transfers and cryptocurrency are all accepted. Card and e-wallet deposits start at 10 USD, bank transfers at 100 USD and cryptocurrency at 50 USD. The broker states it charges no deposit or withdrawal fees of its own, with network fees applying to cryptocurrency.
MetaTrader 5 only, as a desktop application for Windows and macOS, a browser based web terminal, and mobile apps for iOS, Android and Huawei. Expert Advisors are supported. MetaTrader 4 is not offered.
The Standard account charges no commission and quotes spreads from 1.0 pips on EUR/USD. Raw charges 3.50 USD per lot with spreads from 0.0 pips. Pro charges 2.50 USD per lot and advertises spreads from -0.1 pips. Every published spread and commission is described by the broker as indicative and subject to change without notice.
Up to 1:500 on the Standard and Raw accounts and up to 1:1000 on Pro, according to the account comparison table. The homepage banner advertises 1:2000, which no published account tier supports, and the contract specifications page states a maximum of 1:500. The broker labels all leverage figures indicative only.
100 USD on the Standard account. The Raw account requires 500 USD and the Pro account requires 10,000 USD. Note that the site's own contact page describes a different set of tiers, naming Premium and VIP accounts with a 5,000 USD minimum that appear nowhere else on the site.
We found no confirmed evidence of theft, but we cannot call it safe either. The decisive problem is that the site tells visitors it is fully licensed and regulated by top-tier financial authorities while its own licensing page shows no authority at all, only a company registration. Treat it as unverified and high risk rather than as a broker that has been cleared.
The brand is operated by Qorva Markets LTD, with a registered office at Bonovo Road, Fomboni, Island of Moheli, Comoros Union, and a second office given as Office # 210 Al-Nasar Sports Club, Dubai. No directors or shareholders are named anywhere on the site, and the company could not be confirmed on any official record.
Qorva Markets has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Qorva Markets holds licence records issued by MISA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
None of the licence records held by Qorva Markets comes from a tier-1 or tier-2 authority.
We located 1 of the 1 licence records held by Qorva Markets on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
Qorva Markets has licence records in Comoros. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.