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In 1998, after gaining independence and autonomy from the previous Republic, the Government of Mohéli adopted the Mwali Services Law 1998, a pioneering legislation for the incorporation of companies, including regulated financial entities and gaming casinos. This law was later amended in 2001. Articles 36-38 of the Constitution of Mwali provide more details on the island's public and private patrimony, including the M.I.S.A., and the capacities of promotion and regulation of private investment. The transitory provision in Article 63 confirms the continued authority of the Mwali International Services Authority, the only Authority for the autonomous territory of Moheli (Mwali), responsible for financial services and licensing.

MISA

Regulated
PIPWISE
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
cTrader
Regional Brokers
Offshore Regulation
6.04
Score
Regulated
GINZO
2-5 years
Regulated in Australia
Inst Forex Execution (STP)
MT5 Full License
Global Business
Medium Risk
6.00
Score
Regulated
GARNETTRADE
5-10 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
Offshore Regulation
5.98
Score
Regulated
 xChief
5-10 years
Regulated in South Africa
Regulated in Comoros
Derivatives Trading License (EP)
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
High Potential Risk
Offshore Regulation
5.87
Score
Regulated
Murrentrade
2-5 years
Regulated in Comoros
Forex Trading License (EP)
White label MT5
Regional Brokers
Offshore Regulation
5.78
Score
Regulated
RAVEX
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
Global Business
Offshore Regulation
5.78
Score
Regulated
STP Trading
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
Medium Risk
Offshore Regulation
5.76
Score
Regulated
FELIX MARKETS
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
Global Business
Offshore Regulation
5.73
Score
Regulated
FXNX
1-2 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
High Potential Risk
Offshore Regulation
5.58
Score
Regulated
AMarkets
10-15 years
Regulated in Comoros
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
Offshore Regulation
5.44
Score
Domestic Regulation
QRS GLOBAL
5-10 years
Regulated in New Zealand
Regulated in United States
Inst Forex Execution (STP)
Currency Exchange License (MSB)
MT5 Full License
High Potential Risk
5.40
Score
Regulated
eplanet
2-5 years
Regulated in South Africa
Derivatives Trading License (EP)
White label MT5
5.36
Score
Regulated
NPB MARKETS
5-10 years
Regulated in Comoros
Forex Trading License (EP)
MT4 Full License
Self-developed
Global Business
High Potential Risk
Offshore Regulation
5.11
Score
Regulated
DOMINION MARKETS
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
cTrader
MT5 Full License
High Potential Risk
Offshore Regulation
5.11
Score
Domestic Regulation
WeGolden
Within 1 year
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Regional Brokers
5.09
Score
Regulated
Phyntex Markets
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Regional Brokers
Offshore Regulation
5.02
Score
Regulated
METAGOLD
2-5 years
Regulated in Comoros
Forex Trading License (EP)
MT5 Full License
Global Business
Offshore Regulation
5.01
Score
Regulated
Invistro
1-2 years
Regulated in Comoros
Forex Trading License (EP)
Suspicious Operational Region
Medium Risk
Offshore Regulation
4.57
Score
Regulated
YWO
1-2 years
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Global Business
High Potential Risk
4.06
Score
Regulated
LDN Global Markets
2-5 years
Regulated in Comoros
Forex Trading License (EP)
White label MT5
Self-developed
Global Business
High Potential Risk
Offshore Regulation
2.78
Score
Regulated
Alpari
10-15 years
Regulated in Belarus
Forex Trading License (EP)
Self-developed
Regional Brokers
High Potential Risk
2.53
Score
Offshore Regulation
INZO
5-10 years
Regulated in Seychelles
Derivatives Trading License (EP)
MT5 Full License
cTrader
Self-developed
Regional Brokers
High Potential Risk
Offshore Regulation
2.35
Score