Comoros · Mwali MISA · Offshore licence
Comoros (Mwali) brokerage licence, the fast licensed route to MT5
A Mwali International Brokerage licence can be obtained in weeks, with light documentation and no local office. We handle the IBC, the licence and your MetaQuotes file, and we are open about its limits.
Updated
- IBC in up to 4 business days
- Licence in about 2 weeks
- Forex, securities and asset management
- MT5 licence application support
The Mwali (Comoros) International Brokerage licence is issued by MISA: IBC in up to 4 business days, licence in about 2 weeks, renewed annually, with a declared stated capital and no local office. The Central Bank of the Comoros stated in 2022 (republished December 2025) that island licences have no legal effect in the Union, so we classify it as an offshore licence with disputed recognition.
Overview
What the Mwali licence is
Mwali (Mohéli) is an autonomous island of the Union of the Comoros. Its Mwali International Services Authority (MISA) incorporates international business companies and issues an International Brokerage and Clearing House licence that covers forex and securities activities.
The appeal is speed and simplicity: the company can be formed in up to four business days and the licence is typically issued within about two weeks, renewed annually, with no local office or local director required.
Permitted activities
Activities covered by the licence
- FOREX
- Stock and securities brokerage
- Financial advisory
- Asset and fund management
- Custody services
- Clearing and settlement
- Payment processing
- Issuance and underwriting
Documents
What you need to apply
Requirements reflect our partner’s current terms and may change. We confirm them when you start.
- Application formCompleted for the company and the licence.
- Passport copiesFor every director and shareholder.
- Proof of addressBank statement and proof of residential address, not older than three months.
- Selfie verificationA photo holding the passport and a paper with the current date.
- Stated capital declarationA minimum stated capital is declared in the application; under current terms no proof of funds or security deposit is required.
Recognition. Under the 2013 Comoros Banking Law, only the Central Bank of the Comoros (Banque Centrale des Comores) may license financial institutions. In a public warning of 15 June 2022, republished via the Ministry of Finance in December 2025, the central bank named the Mwali International Services Authority and the Anjouan Offshore Finance Authority and stated that approvals issued by these island bodies have no legal effect in the Union. Many banks, payment providers and platform vendors therefore do not recognise these licences. A Mwali licence can support your MT5 application and give your company a licensed status, but it is not equivalent to a Mauritius or Bahamas licence, and it does not authorise you to serve clients in countries that require local authorisation.
How the Comoros route works
Consultation
Business model, activities and structure confirmed.
Day 1Documents
Passports, address proofs and selfie verification collected.
Days 1–3IBC incorporation
Mwali IBC formed.
Up to 4 business daysLicence
International Brokerage licence issued.
About 2 weeksBank & website
Bank or PSP account and a compliant website.
In parallelMT5 licence
MetaQuotes file with the licence as activity confirmation, submitted with our support.
After licensingComoros: questions
Is a Comoros forex licence regulated?
It is a licence issued by the Mwali island authority. The Central Bank of the Comoros stated in June 2022 (republished December 2025) that approvals from island bodies have no legal effect in the Union, so we classify it as an offshore licence with disputed recognition, never as a regulated one.
Does MetaQuotes accept a Mwali licence?
MetaQuotes decides each application individually. The licence serves as confirmation that the company may carry out brokerage activities; the rest of the checklist still applies.
Do I need to pay in the capital?
Under current terms the stated capital is declared, without proof of funds or a deposit. Your business still needs working capital for operations.
How often is the licence renewed?
Annually.
Official sources
Primary sources we rely on. Rules change; always confirm current requirements with the authority.
- Mwali International Services Authority (MISA) mwaliregistrar.com
- Central Bank of the Comoros (Banque Centrale des Comores) banque-comores.km
- MetaQuotes Ltd metaquotes.net
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