#1
Interactive Brokers Hong Kong Limited
RegulatedHong KongEst. 1996MISA
Regulation
License
Spread
73.5Score
One hundred and three brokers in the WIKILIX database are recorded as holding a licence from the Moroni International Services Authority, or MISA, an offshore licensing body in the Comoros. This page lists every one of them, ordered by overall WIKILIX score, from Interactive Brokers at 72.5 down to two firms sitting at 4. A MISA licence is a tier-4 registration, the weakest of the four tiers WIKILIX tracks, and this list exists so you can check whether a broker's "Comoros regulated" badge means what its marketing implies.
It usually means less than it sounds. Only 35 of the 103 are actually headquartered in the Comoros. The rest are domiciled in Saint Vincent, Saint Lucia, Australia, the United Kingdom, Seychelles and elsewhere, holding the Comoros licence as one registration among several or as their only one. Seventy of the 103 list no regulator at all beyond MISA, so it is the single piece of oversight on record for them. Seventy also carry a WIKILIX status flag rather than a clean label: 44 marked offshore, 16 noRegulation, five suspiciousClone and five exceeded.
| Broker | Score | Other regulators on record | Opened | Max leverage |
|---|---|---|---|---|
| Interactive Brokers | 72.5 | FCA, ASIC, CySEC, SFC and others | 1996 | 1:400 |
| QRS GLOBAL | 60.0 | ASIC, FCA; flagged suspiciousClone | 2020 | 1:1000 |
| BDSwiss | 51.1 | FSA, FSC, FSCA | 2012 | 1:1000 |
| Plotio Global Financial | 43.6 | ADGM, ASIC, FMA and others | 1983 | 1:1 |
| RoboForex | 34.5 | VFSC, FSA | 2009 | 1:2000 |
| xChief | 32.4 | MISA only | 2014 | 1:1000 |
What a Comoros MISA licence is, and what this list required
To appear here a broker needs one thing only: a MISA licence recorded in the WIKILIX database. No score floor and no status filter are applied, so this is the full register rather than a shortlist of the good ones. That is deliberate. If you have landed on a broker advertising Comoros regulation, you want to see it in context, next to the 102 others carrying the same licence, not filtered out because its score is low.
The Moroni International Services Authority issues offshore business licences from the Comoros. It sets no meaningful capital requirement and runs no investor compensation scheme. It imposes no leverage cap either, which is why 26 of the brokers here advertise 1:1000 or more and three of them, INGOT, FXLINK and CapitalXtend, list 1:5000. The median score across the 103 is about 28, and 26 opened before 2010, with Plotio Global Financial the oldest at 1983.
What a tier-4 offshore licence does not give you
A tier-1 regulator such as the FCA or ASIC caps retail leverage near 1:30 and backs a compensation scheme if the firm collapses. It also requires client money to sit in segregated accounts that it inspects. A Comoros licence carries none of this, and MISA's standing has been publicly questioned, including by the Comoros central bank. A high WIKILIX score does not close that gap: QRS GLOBAL scores 60 yet carries a suspiciousClone label in our records. Before treating any of these firms as regulated, work through the checks below.
- Find out which legal entity would actually open your account. A group may hold an FCA licence in London and still onboard you through its Comoros arm, where none of the FCA protections reach.
- Check whether the broker holds a stronger licence too, and whether that licence covers your account rather than sitting on the homepage for reassurance.
- Read the advertised leverage as a warning rather than a perk: 1:1000 and above is banned for retail clients by every tier-1 regulator.
- Confirm the firm's status yourself, because a Comoros licence leaves you with no local ombudsman and no compensation fund to fall back on.
Two things this list does not tell you. It does not tell you whether a broker will accept you as a client, because that is set by each firm's own terms, not by where it is licensed or based. And it says nothing about trading costs or how reliably a firm returns your money, neither of which WIKILIX holds as verified figures. Everything above reflects licence records in the WIKILIX database as of today; confirm any licence on the issuing body's own register before you deposit.
60brokers on this list
Researched & ranked by the Wikilix team
- #2
QRS GLOBAL LLC
Suspicious CloneAustraliaEst. 2020FinCEN
RegulationLicenseSpread61.0Score - #3
BDSwiss Investments Ltd
OffshoreComorosEst. 2012FSA
RegulationLicenseSpread56.3Score - #4
PREMIER Q SECURITIES LTD
RegulatedHong KongEst. 1993MISARegulationLicenseSpread55.8Score - #5
Castle Market Co.,Ltd
ExceededComorosEst. 2022FCARegulationLicenseSpread55.5Score - #6
IVY Markets Limited
ExceededUnited StatesEst. 2017NFARegulationLicenseSpread55.5Score - #7
Grand Capital Ltd
RegulatedSaint Vincent and the GrenadinesEst. 2013MISARegulationLicenseSpread55.3Score - #8
Gleneagle Securities Pty Limited
OffshoreVanuatuEst. 2009MISA
RegulationLicenseSpread53.4Score - #9
HARMOVEST CAPITAL (COMOROS) LTD
OffshoreComorosCySEC
RegulationLicenseSpread49.5Score - #10
FX Central Clearing Ltd
RegulatedCyprusEst. 2010CySECRegulationLicenseSpread48.8Score - #11
Plotio Global Financial Limited
RegulatedHong KongEst. 1983ADGM
RegulationLicenseSpread47.0Score - #12
Quad Code AU Ltd
RegulatedAustraliaEst. 2008MISARegulationLicenseSpread46.8Score
WIKILIX rebuilds this list from licence records, so it changes on its own: when a broker gains or drops a MISA licence, it appears here or falls off without anyone editing the page. Scores and status flags are refreshed on the same cycle, which is why a firm near the top today can move as its record changes.
If you are researching an offshore broker, the more useful question is usually what else it holds. Several firms here also carry a Vanuatu or Saint Vincent registration, and a few pair the Comoros licence with a tier-1 name. These related rankings put the same brokers in a different light:
- VFSC (Vanuatu) regulated brokers, the other large offshore licence in this database.
- Brokers registered in Saint Vincent and the Grenadines, where many MISA holders are domiciled.
- Tier-1 regulated brokers scoring 70+, the opposite end of the protection scale.
Whichever you open next, confirm the licence on the issuing authority's own register and read the account terms for the entity that will actually hold your money, not the one named loudest on the homepage.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
Often extreme leverage. Twenty-six of the 103 advertise 1:1000 or more, and three, INGOT, FXLINK and CapitalXtend, list 1:5000. The Comoros framework sets no cap, which is what makes these numbers possible. For comparison, tier-1 regulators cap retail forex leverage near 1:30. Higher leverage magnifies losses just as fast as gains, so read these figures as a measure of risk, not of quality.
On its own, very little. A Comoros MISA licence comes with no investor compensation scheme, no leverage cap and no local ombudsman to escalate a dispute to. That is different from a tier-1 licence, where a failed broker can trigger a statutory payout. If a firm on this list also holds a stronger licence, your protection depends entirely on which entity actually holds your account, so confirm that before depositing.
Seventy of the 103 carry a status flag rather than a clean label. Forty-four are marked offshore, 16 as noRegulation, five as suspiciousClone and five as exceeded. Only 32 hold a clean regulation label, and one has no status on record. A high score does not override a flag: QRS GLOBAL scores 60 yet is flagged suspiciousClone in our data.
A handful of the MISA brokers also hold a South African FSCA licence, among them BDSwiss, nrdx, Trade245 and AfriMarkets. Holding a MISA licence gives you no South African protection on its own. If FSCA oversight matters to you, check that the specific entity opening your account is the FSCA-licensed one, since groups often onboard clients through a separate offshore company.
Mostly not. Only 35 of the 103 are actually headquartered in the Comoros. The rest are domiciled in places like Saint Vincent, Saint Lucia, Australia and the United Kingdom, and simply hold the Comoros licence as one of their registrations. Where a broker is based and where it is licensed are separate facts, and neither tells you which country's clients it will accept.
Interactive Brokers, at 72.5, is the highest scored broker on this list. It is unusual among these firms because it also holds licences from the FCA, ASIC, CySEC and several other authorities, and carries a clean status label in our records. Most brokers here sit far lower: the median score across the 103 is around 28.
MISA, the Moroni International Services Authority, issues offshore business licences from the Comoros, and WIKILIX classifies it as tier-4, the weakest tier we track. It is not recognised by any major regulator, and its standing has been publicly questioned, including by the Comoros central bank. Treat a Comoros licence as a light-touch company registration, not as protection comparable to the FCA or ASIC.
WIKILIX records 103 brokers holding a licence from the Comoros MISA authority. They range from Interactive Brokers, the highest scored at 72.5, down to firms scoring as low as 4. The list is generated straight from our licence data, so the count moves on its own as brokers gain or drop the licence, rather than being maintained by hand.