Wikilix
Licence record

MISA licence BFX2024036

Holder
Off Capital Trading
Jurisdiction
Comoros
Licence type
Retail Forex License
Last checked
Sep 22, 2026

This is Wikilix's record of a licence issued by Moroni International Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Sep 22, 2026

Licence Verification Record

Moroni International Services Authority BFX2024036

Wikilix read the MISA register on Sep 22, 2026. This is what it said.

Issuing authority
Moroni International Services Authority
Jurisdiction
Comoros
Licence type
Retail Forex License
Effective
Mar 7, 2024
Expires
Mar 7, 2025
Register status
Listed Active on the register; the authority's certificate states a term of 07 Mar 2024 to 07 Mar 2025 and records no renewal

Checked Sep 22, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/moroni-international-services-authority/off-capital-trading/bfx2024036Fields on file 9 / 11

Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 4
Jurisdiction
Comoros
Last checked
Sep 22, 2026
Register says
Listed Active on the register; the authority's certificate states a term of 07 Mar 2024 to 07 Mar 2025 and records no renewal

Finding

A company registrar for the autonomous Comoran island of Mwali (Moheli), not a functioning conduct supervisor. It registers brokerage companies and issues a numbered certificate, but it does not police how client money is handled, and the Comoros central bank has publicly disavowed these licences. Client protection: None in practice. No compensation scheme, no requirement to segregate client funds, no capital supervision and no effective complaints or dispute process.. Effective: 07 Mar 2024. Expires: 07 Mar 2025.

Exhibit

Register screenshot, captured Sep 22, 2026

Verification note

Off Capital Trading LTD states on its own regulation page that it is authorised and regulated by the Mwali International Services Authority in the Comoros under licence number BFX2024036. This authority operates no public licence lookup, so the number could not be checked against an official record, and the broker publishes no effective date, expiry date or verification link alongside it. The claim therefore stands as advertised but unconfirmed, and it should not be read as evidence that a trading authorisation is in force.

The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
BFX2024036
Licence type (Wikilix classification)
Retail Forex License
Register status
Listed Active on the register; the authority's certificate states a term of 07 Mar 2024 to 07 Mar 2025 and records no renewal
Effective from
Expires
The authority

About MISA

Moroni International Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Comoros.

Full name
Moroni International Services Authority
Jurisdiction
Comoros
Strength
Tier 4Minimal supervision. A registration here says little about client protection.
Established
2014
Oversight
A government or statutory body
Firms we track under it
20 firms
Regulates
Forex
Licences it issues
International Brokerage Licence
Typical cost of a licence
USD 3000-7000
Public register
No public register published
Transparency
Low

MISA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

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
This describes the authority's regime, not how Off Capital Trading applies it.
The holder

Who holds this licence

The licence above is recorded against Off Capital Trading. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Off Capital Trading LTD
Based in
Comoros
Wikilix score
12.0the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Off Capital Trading LTDComoros
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

No founding date is published. The company states no year of establishment anywhere on its site, and its incorporation could not be confirmed on any register. The earliest dated material on the website is from March 2024, which points to roughly two and a half years of visible operation rather than a verified corporate history.

No protection has been identified. The authority the broker names operates no compensation scheme and no complaints mechanism for clients, nothing on the site states that client money is held separately from company funds, and there is no client agreement setting out what happens to a balance. A client would be relying entirely on the company's own conduct.

By telephone on +382 67130388, by email at info@offcapitaltrading.com, or through the form at its contact page. There is no live chat. The site advertises round-the-clock support but publishes no hours, and its linked social media accounts are unconfigured placeholders rather than working profiles.

There is no way to do so online. The site has no registration form, no signup page and no client portal on any of its pages, and every account-related button leads either nowhere or to the contact form. The only route offered is to contact the company by telephone, email or that form.

The broker names Turkey, the United States and North Korea as jurisdictions it does not serve, in a risk warning carried on every page. Beyond that exclusion it publishes no list of accepted countries, and because there is no registration form anywhere on the site there is no onboarding country selector to check either.

Currency pairs, indices, commodities and precious metals. The site names around 50 forex pairs and lists 44 of them, ten index symbols, two oil contracts and six precious metal pairs. Cryptocurrencies are mentioned in its marketing copy but no crypto instruments are listed anywhere on the site.

MetaTrader 5, and nothing else. The platform page lists Windows, Mac OS, Android and iOS builds. The site publishes no download link and no web terminal, and although its instrument pages advertise MetaTrader 4 as well, the broker's own platforms section does not offer it.

The company publishes no fee of its own. It states only that it has no fee-free arrangement with banks, so a deposit or withdrawal may attract charges from the client's own bank. Because no fee schedule is published at all, the absence of a stated broker fee is not the same as a guarantee that none applies.

The company states that withdrawals are processed immediately and typically credited in about fifteen minutes, with no minimum withdrawal amount. That claim is not supported by any published withdrawal procedure or terms, and the customer panel the FAQ says withdrawals are requested through does not exist on the site, so the process could not be confirmed.

By bank transfer only. The FAQ states that clients transfer the amount to the company's affiliated bank accounts, quoting their name and account number in the transfer description. The bank accounts are not identified, the dedicated deposits page publishes nothing and says it is being updated, and no card, e-wallet or crypto route is described anywhere despite the site advertising a wide range of funding methods.

The advertised cost is spreads from 0.1 pips with no commission on forex, but no spread table, swap rate or fee schedule is published to support it. The same instrument pages that promise commission-free trading also refer to low commissions, so the site contradicts itself. Actual trading costs cannot be established from what is published.

The site gives three different answers, so the real maximum is unclear. The home page advertises leverage up to 1:500, the forex and precious metals pages state up to 1:10, and the indices and commodities pages state up to 1:1000. A figure that changes from page to page on the broker's own website should be confirmed in writing before it is relied on.

The site does not publish a minimum deposit. Its accounts page states only that every client receives the same conditions with no tier-based restrictions, and the demo account and deposit pages carry no figures. Anyone considering an account would have to ask the company directly.

The site names Off Capital Trading LTD as the operating company, in its footer, risk warning and licence page. No company registration number, incorporation date, director or shareholder is published anywhere. Searches of Georgia's public business register and the global Legal Entity Identifier system returned no company of this name, and the Comoros maintains no searchable companies register, so the ownership behind the brand is not established.

There is no confirmed evidence of fraud, but there is also very little that could be confirmed at all, and the broker should be treated as unverified rather than clean. The company could not be located on any reachable official register, it publishes no client agreement or terms of business, and it operates no account registration system. Those are unusual gaps for a firm inviting deposits.

No regulation has been confirmed. Off Capital Trading LTD states on its regulation page that it is authorised by the Mwali International Services Authority in the Comoros under licence number BFX2024036, but that authority operates no public licence lookup and the number could not be matched to any official record. The claim is therefore advertised rather than verified, and the broker holds no licence from any authority that supervises retail forex in a major market.

Licence BFX2024036 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
Off Capital Trading holds this MISA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the MISA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates MISA tier 4, the lowest band. A registration here says little on its own about client protection.
Yes, MISA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the MISA register. Search it for BFX2024036, and for the name Off Capital Trading rather than the trading brand.
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