Mwali License in Comoros: Warnings on Fake Regulators and Brokerage Scams

Recent alerts in 2025 warn of fake Mwali licenses in Comoros, with authorities clarifying that Mwali International Services Authority may not be fully legitimate for brokerage services. Despite this, legitimate Mwali licenses offer affordable forex and brokerage options in Moheli, attracting startups. Reports highlight scams using Mwali claims, advising verification for Moheli brokerage licenses. In contrast, Grande Comore's IRAGC provides verified regulatory support, outshining questionable Anjouan licenses in reliability. Brokers should prioritize licensed entities in Mwali, Moheli, and Grande Comore for secure operations.