Qorva Markets: MISA licence BFX2024040

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.

No. Qorva Markets is not regulated by any financial authority. The only document on its regulation page is a Comoros Union company registration, number HT00324027, in the name of Qorva Markets LTD. A company registration records that a company exists; it is not a financial services licence and it authorises no trading activity.