Forex Brokers Based in Comoros

Fifty-eight brokers in the WIKILIX records give a registered head office in the Comoros, and this page lists every one of them, ordered by overall score. A Comoros address tells you where the company is incorporated. It is not a statement about who supervises the firm, and it is not a promise that the firm can take you on as a client.

That gap matters more here than in most places. Thirty-four of the 58 hold a licence from MISA, the offshore authority that registers financial firms in the Comoros, and another five carry a licence from AOFA, the equivalent body on the island of Anjouan. Both are quick to obtain and light on supervision, which is much of the reason a young brokerage chooses a Comoros shell in the first place. Only 16 of the 58 carry a clean regulation status on file. The other 42 carry something else, most often an offshore or no-regulation label, and six list no licence of any kind.

What a Comoros address usually comes with

Read one of these cards and the leverage tends to be the figure that jumps out. Twenty-two of the 58 advertise 1:1000 or more, and Phyntex Markets and FXLINK both reach 1:5000. Leverage that high is rare under a mainstream authority, which caps retail forex far lower, so it doubles as a signal of the supervision a firm has chosen. The median score across the group is 29.0 on a scale of 0 to 100, and the set runs from 4 up to 57. Modest scores like these are the norm for an offshore domicile rather than a warning sign on their own.

Six Comoros-registered firms, and what they carry

Some of these are not shells. BDSwiss appears through BDSwiss Investments Ltd, a Comoros company opened in 2012 that also lists a South African FSCA registration. Alpari runs Alpari (Comoros) Ltd, dating to 1998, and NPBFX, registered as NMarkets Limited, is the oldest firm on the page with an opening date of 1992. These are recognised brands routing part of their business through a Comoros arm. You will not find the large UK or Australian names here, though. A firm like that is domiciled where it is headquartered and supervised, so it sits on the pages for those countries, not on a Comoros list.

When the licence on the card is not the Comoros company

AYA Markets tops the list on score, and its card shows FCA, ASIC and CySEC beside a Comoros head office. A licence recorded against a broker is held by some company in its group, and that company need not be the Comoros entity you would open an account with. Nine of the 58 list two or more authorities. Where a tier-1 name sits next to a Comoros address, read which entity actually holds it before you assume it covers your money.

Before you fund a Comoros-registered account

• Confirm the legal entity your account agreement names. A tier-1 licence on the marketing pages often belongs to a sister company you are not contracting with.
• Treat a MISA or AOFA registration as a company record, not a protection scheme. Neither runs an investor compensation fund you could claim against.
• Check the leverage you will actually be offered. A headline of 1:1000 or more shortens the move it takes to close your position out.
• Read the firm's recorded status before depositing. Forty-two of these sit under a label other than clean regulation, and a polished site will rarely say so.