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Moroni International Services Authority official logo
Offshore

Moroni International Services Authority

Country
Comoros
Jurisdiction
Government Reg.
Established in
2014
Forex Regulation

Performance Metrics

Regulator Performance Overview

30
Overall Rating
20
Licensed Brokers
Low
Transparency Index
Tier 4
Global Tier

Key Performance Indicators

Total Rating

180

Total cumulative score across all categories
Average Rating

30

Average score across all performance metrics
Years Active

12

Years of regulatory operation
Active Licenses

20

Currently active licenses
Regulated Instruments

1

Types of financial instruments
Geographical Coverage

1

Countries under jurisdiction

Client Protection Details

Client Fund Insurance

Insurance coverage protecting client deposits and funds

✓
Status:none
Coverage: none

Account Managed Separately

Requirement for client funds to be held separately from company funds

✗
Status:

Operational Metrics

compliance
Transparency Level

Low

market
Market Position

Tier 4

Compliance Status

IOSCO Membership
Member of International Organization of Securities Commissions
✗ Not Available
FATF Membership
Financial Action Task Force compliance
✗ Not Available

Regulatory Performance Scores

Detailed assessment of regulatory capabilities and effectiveness

Below Average
30SCORE
Overall Rating
0
Excellent
0
Excellence Rate
40
Highest Score

Regulatory Support Features

Negative Balance Protection
Supported
Investment Professional
Not Supported
Account Managed Separately
Not Supported

Core Performance Metrics

Detailed breakdown of the 6 key regulatory performance indicators

License Value

Value and prestige of licenses issued by this regulator

40
out of 100
Needs Improvement

Performance Summary

This regulator shows below average performance with an overall score of 30.

Strongest performance in License Value

Transparency Level: low

Global Tier: tier4

30
Overall
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About Moroni International Services Authority

In 1998, the Government of Mohéli enacted the Mwali Services Law 1998, following its independence and autonomy from the previous Republic.

This unique law laid down rules for the incorporation of companies (including financial institutions and gaming casinos subject to regulation) and was later updated in 2001 to accommodate changing circumstances.

Provisions on public and private patrimony are included in Articles 36–38 of the Constitution of Mohéli, which also clarifies the elements of the Mwali International Services Authority (MISA) and its powers to promote and regulate private investment.

Article 63 of the transitional provisions confirmed that MISA would be the sole authority with jurisdiction over financial services and licensing for the autonomous territory of Mohéli.

Functions and Identity

As the current Registrar of Companies of Mohéli in the Union of Comoros, MISA is today a registered authority assigned the official responsibility for registering and licensing international business entities.

It markets itself as a gateway for entrepreneurs from around the world to pursue an affordable and accessible offshore business opportunity.

Main Functions

MISA operates under the broad authority to provide international business services in many areas:

• Company Registration: incorporates international business companies, trusts, and foundations.

• Licensing of Financial Entities: authorises and supervises companies delivering financial services, such as brokerage and investment services.

• Corporate Record Management: manages official records and regulatory compliance associated with company registration.

• Verification Services: give the public access to information about the status of a company to promote transparency.

Goals

The goals of MISA are closely linked to promoting the attractiveness of Mohéli as an offshore destination:

• Promote the island as a competitive offshore jurisdiction.

• Promote global reach by providing a stable and secure legal framework.

• Promote investor confidence through a systematic approach to regulation and supervision.

Values and Philosophy

MISA is committed to professionalism, transparency, and accessibility. ts philosophy on regulation is one of flexibility balanced with compliance and business integrity.By facilitating both compliance and operational efficiency, MISA supports the financial and corporate aspects of Mohéli.

Not Supported

Negative Balance Protection

Protection against negative account balances in trading

✓
Status:Supported

Investment Professional Support

Access to qualified investment professionals and advisory services

✗
Status:Not Available
regulatory
Regulatory Approach

Government-regulated

Coverage
Prohibited Countries

North Korea - UN-sanctioned countries

Fund Insurance
Client fund protection schemes available
✓ Compliant
Account Managed Separately
Mandatory client account segregation
✗ Not Available
0
Above Average
Regulatory

Effectiveness of regulatory framework and enforcement

40
out of 100
Needs Improvement
Institutional

Institutional strength and organizational capability

40
out of 100
Needs Improvement
Risk Management

Risk assessment and management protocols

40
out of 100
Needs Improvement
Investment Protection

Investor protection measures and safeguards

20
out of 100
Needs Improvement
Client Fund Insurance Rating

Client fund protection and insurance coverage

0
out of 100
Needs Improvement
Official Description

Contact Information

website icon

Main Site

https://mwaliregistrar.com/
at icon

Email

[email protected]

Instruments and Trading Limits

Regulated financial instruments

Forex

Licensed Brokers

Brokers authorized and regulated by this authority

105 Licensed Brokers
Interactive Brokers Hong Kong Limited logo

Interactive Brokers Hong Kong Limited

Hong Kong
Est. 1996
MISA
72.5
Regulated
QRS GLOBAL LLC logo

QRS GLOBAL LLC

Australia
Est. 2020
FinCEN
60
Suspicious Clone
Castle Market Co.,Ltd logo

Castle Market Co.,Ltd

Comoros
Est. 2022
FCA
55.5
Exceeded
IVY Markets Limited logo

IVY Markets Limited

United States
Est. 2017
NFA
55.5
Exceeded
Grand Capital Ltd logo

Grand Capital Ltd

Saint Vincent and the Grenadines
Est. 2013
MISA
55.3
Regulated
PREMIER Q SECURITIES LTD logo

PREMIER Q SECURITIES LTD

Hong Kong
Est. 1993
MISA
54.2
Regulated
Gleneagle Securities Pty Limited logo

Gleneagle Securities Pty Limited

Vanuatu
Est. 2009
MISA
53.5
Offshore
BDSwiss Investments Ltd logo

BDSwiss Investments Ltd

Comoros
Est. 2012
FSA
51.1
Offshore
Quad Code AU Ltd logo

Quad Code AU Ltd

Australia
Est. 2008
MISA
46.8
Regulated
Nation FX logo

Nation FX

Saint Vincent and the Grenadines
Est. 2025
ASIC
45.8
Regulated
FELIX MARKETS PTY LTD logo

FELIX MARKETS PTY LTD

Australia
Est. 2021
MISA
45.1
Offshore
Plotio Global Financial Limited logo

Plotio Global Financial Limited

Hong Kong
Est. 1983
ADGM
43.6
Regulated
View All Licensed Brokers
Performance Metrics (3 factors)
Regulation
92
License
93
Account Type
32
Software
N/A
1:400
Platforms: N/A
Regulated in:
Australia flagAustraliaUnited Kingdom flagUnited KingdomJapan flagJapan+10 more licenses
View Details
Performance Metrics (3 factors)
Regulation
73
License
57
Software
50
Spread
N/A
1:1000
1 Platform
Regulated in:
United States flagUnited StatesCanada flagCanadaAustralia flagAustralia+2 more licenses
View Details
Performance Metrics (3 factors)
Regulation
63
License
54
Software
50
Spread
N/A
1:3000
1 Platform
Regulated in:
United Kingdom flagUnited KingdomComoros flagComoros
View Details
Performance Metrics (3 factors)
Regulation
63
License
54
Software
50
Spread
N/A
1:400
1 Platform
Regulated in:
United States flagUnited StatesComoros flagComoros
View Details
Performance Metrics (4 factors)
Regulation
49
License
68
Software
50
Account Type
54
Maximum Leverage: N/A
1 Platform
Regulated in:
Comoros flagComorosHong Kong flagHong Kong
View Details
Performance Metrics (3 factors)
Regulation
80
License
73
Account Type
10
Software
N/A
1:500
Platforms: N/A
Regulated in:
Australia flagAustraliaUnited Kingdom flagUnited KingdomSeychelles flagSeychelles+5 more licenses
View Details
Performance Metrics (2 factors)
Regulation
41
License
66
Software
N/A
Spread
N/A
1:2000
Platforms: N/A
Regulated in:
Australia flagAustraliaAustralia flagAustraliaVanuatu flagVanuatu+2 more licenses
View Details
Performance Metrics (4 factors)
Regulation
50
License
62
Software
51
Account Type
42
1:1000
2 Platforms
Regulated in:
Seychelles flagSeychellesMauritius flagMauritiusComoros flagComoros+1 more licenses
View Details
Performance Metrics (4 factors)
Regulation
51
License
76
Software
50
Account Type
10
1:30
1 Platform
Regulated in:
Australia flagAustraliaAustralia flagAustraliaCyprus flagCyprus
View Details
Performance Metrics (4 factors)
Regulation
52
License
52
Software
51
Account Type
28
1:500
2 Platforms
Regulated in:
Australia flagAustraliaSaint Vincent and the Grenadines flagSaint Vincent and the GrenadinesAustralia flagAustralia
View Details
Performance Metrics (3 factors)
Regulation
35
License
50
Software
50
Spread
N/A
1:400
1 Platform
Regulated in:
Comoros flagComorosAustralia flagAustralia
View Details
Performance Metrics (4 factors)
Regulation
48
License
67
Software
50
Account Type
10
1:1
1 Platform
Regulated in:
Hong Kong flagHong KongAustralia flagAustraliaBahamas flagBahamas+3 more licenses
View Details