Wikilix
Licence record

MISA licence T2023304

Holder
OtetMarkets
Jurisdiction
Comoros
Licence type
Market Making(MM)
Last checked
Aug 23, 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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Licence intelligence

RecordModified Aug 30, 2026

Licence Verification Record

Moroni International Services Authority T2023304

Wikilix read the MISA register on Aug 23, 2026. This is what it said.

Issuing authority
Moroni International Services Authority
Holder
Otet Group LTD
Jurisdiction
Comoros
Licence type
Market Making(MM)
Effective
Jun 14, 2023
Register status
Active

Checked Aug 23, 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/otetmarkets/t2023304Fields on file 8 / 11

Open OtetMarketsAbout MISA
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 4
Jurisdiction
Comoros
Last checked
Aug 23, 2026
Register says
Active

Finding

Brokerage licence No. T2023304 issued in the Comoros Union (Mwali), effective 14 June 2023 with no expiry date shown, held by Otet Group LTD and covering the OtetMarkets brand. The licence is genuine and in force, but it sits in a light-touch offshore framework: there is no compensation scheme, no segregated-account requirement and no meaningful complaints mechanism behind it, so it should not be read as protection comparable to a mainstream onshore regulator. The broker's own regulation page publishes the licence number and a verification link on the authority's website.

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
T2023304
Licence type (Wikilix classification)
Market Making(MM)
Register status
Active
Effective from
Expires
No expiry shown
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 OtetMarkets applies it.
The holder

Who holds this licence

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

Broker
Otet Group LTD
Based in
Saint Lucia
Wikilix score
37.7the 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.

  • Otet Group Ltd.Saint Lucia · Reg. 2023-00595 · Jan 1, 2023
  • Otet Group LTDComoros · Reg. HY00523012
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.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences OtetMarkets holds

One other licence is on record for OtetMarkets.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
OtetMarkets offers a maximum leverage of 3000:1. This high leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the risk of significant losses.
OtetMarkets provides customer support primarily in English. Support is available through various channels, including live chat during business hours, email, and social media platforms like Facebook and Twitter.
OtetMarkets supports deposits and withdrawals via Bank Card, Bank Wire Transfer, Bitcoin (BTC), and Tether (USDT). The minimum deposit amount is USD 25, and while the broker does not charge fees, third-party fees may apply.
OtetMarkets provides access to the MetaTrader 5 platform, a multi-asset trading software developed by MetaQuotes Software Corp. MT5 supports various devices, including desktop, web, and mobile, and offers advanced analytics and algorithmic trading tools.
OtetMarkets operates under a Retail Forex License issued by the Moroni International Services Authority (MISA) in Comoros. The broker is classified as offshore, and MISA is considered a tier 4 global regulator with low transparency and no client fund insurance.
Licence T2023304 was issued by Moroni International Services Authority (MISA), the financial authority for Comoros.
OtetMarkets 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 T2023304, and for the name OtetMarkets rather than the trading brand.
OtetMarkets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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