Anjouan forex licence for a prop firm: cost, risks, Comoros.

Anjouan is one of the three islands of the Union of the Comoros. Its offshore authority, the AOFA, sells brokerage licences that some forex brokers and prop firms have used, and a second island authority on Mohéli (Mwali) sells similar ones: see our separate Mwali page. Together they make "Comoros forex licence" one of the most searched licence terms in our data.

This page covers what an Anjouan licence is, what agents charge, why its standing is disputed, what changed in 2026 and what your website must say. Fees, capital and tax figures come from commercial agents who sell the licence; we label them as such. Everything was checked on 12 October 2026.

Is an Anjouan forex licence recognised?

Not by the Union of the Comoros. The IMF found in 2010 that "offshore financial institutions were created in violation of the Union’s law. They had no legal basis when they were created", and noted that the central bank (BCC) had alerted the international community in November 2005 about banking licences sold offshore. The BCC’s June 2022 communiqué "informs the public about fictitious structures claiming to issue licenses", naming the AOFA, the Mwali International Services Authority and Anjouan Corporate Services; Finance Magnates reported in March 2026 that it was republished in December 2025. The BCC’s own list of credit institutions contains four banks and no Anjouan licensees.

Even an agent that sells the licence, CoinCub, says it "is not formally recognised by the central government of the Union of the Comoros". We found no statement from any Comoros authority about simulated-evaluation prop firms specifically.

Why did prop firms take Comoros licences, and why are they leaving?

Platform access. Finance Magnates reported that after MetaQuotes tightened its rules on prop-firm white labels in early 2024, Comoros registration looked like "a route to licensing MetaTrader platforms directly". It named firms including FundingPips, City Traders Imperium, Goat Funded Trader and Hola Prime as holding Comoros authorisations, mostly to get a MetaTrader licence rather than to run a brokerage.

Then MetaQuotes stopped issuing MetaTrader licences to Comoros-registered brokers from February 2026; existing holders were not affected (Finance Magnates, March 2026). By June 2026 Finance Magnates reported that FundingPips, FundedNext’s FNmarkets, Hola Prime and Finotive Markets had secured Mauritius licences. If platform access is your reason, a white label, a non-MetaTrader platform (see what platform should a prop firm use) or a recognised licence in Mauritius are the alternatives.

Does a prop firm need an Anjouan licence at all?

Usually not for the evaluation itself. A firm that sells simulated evaluations and pays rewards from its own revenue does not take deposits for trading or route client orders, which is why most evaluation firms worldwide operate without a securities licence. An Anjouan licence does not change how regulators in your customers’ countries see your product, and it does not authorise you to market to them. What would need real authorisation is brokering live trades, holding client money or offering CFDs: for that, a recognised regulator is the safer route. Start with do prop firms need a licence.

What do agents say an Anjouan licence costs?

Every figure below comes from firms that sell the licence; none is published by a recognised government source.

Anjouan or Mwali: what is the difference?

Both are island-level authorities inside the Union of the Comoros, and both were named in the central bank’s 2022 warning. Anjouan’s AOFA ties itself to an Offshore Finance Authority Act of 2005; Mwali (Mohéli) runs the Mwali International Services Authority, which Finance Magnates reported licensed 119 brokerage platforms in 2024 alone and 258 by the end of that year. Neither is a licence from the Union government. Our Mwali page covers MISA in detail.

Banking and payments

The Comoros has four licensed banks, according to its central bank, and none will be the operating bank for an offshore Anjouan entity. Founders bank elsewhere, and processors and banks that read the BCC warnings may treat the licence as a negative rather than a positive. Plan card routes through orchestration (Paytiko, BridgerPay), crypto for challenge fees (Match2Pay, Confirmo) and a payout provider, as covered in forex payment gateways.

What must the website show?

A prop firm website must never present an Anjouan licence as regulation that it is not. Use the website checklist and legal documents guide.

• Entity disclosure: company name, number and registered address, plus your real operating address.
• If you hold an Anjouan licence, state exactly what it is and who issued it; do not call it Comoros government or central bank regulation.
• A simulated-trading notice and a restricted-countries list enforced at checkout and KYC; see restricted countries.
• Privacy policy and cookie banner that meet the strictest market you sell to.
• Languages: Shikomor, French and Arabic are official in the Comoros; launch in your traders’ languages.

When should you not choose Anjouan?

• You want MetaTrader: new Comoros-registered licences have been frozen since February 2026.
• You want a licence that banks and processors respect: the central bank calls the issuers fictitious.
• You plan a real brokerage: a recognised regulator such as Mauritius or Seychelles is the safer base.
• You only sell simulated evaluations: you may not need any licence, just a company in a mainstream place and good terms.

Launch steps, in order

1. Write down why you want a licencePlatform access, a brokerage arm or perceived credibility. Each has a better route than Anjouan in 2026.
2. Get independent legal adviceAsk a lawyer who does not sell Comoros licences to review the BCC communiqué, the IMF findings and your model.
3. Choose the company basePick a jurisdiction your banks and processors accept; compare the jurisdictions index and company formation cost.
4. Choose a platform routeIf MetaTrader is out, compare white labels and other platforms before paying for a licence.
5. Publish accurate disclosuresEntity, simulated-trading notice, restricted countries; never describe an island licence as national regulation.

Providers worth a look

From our dataset of prop-firm technology vendors, each fact checked on the vendor’s own site. Listed for fit, not ranked.

Your website, whatever platform you choose

Every route on this page still needs a marketing website: the pricing table, rules, payouts, FAQ, legal pages and the checkout hand-off to your platform. Platforms and white labels run the dashboard; they don’t build that site. PipValley does, for any platform, from $1,490 (pricing, launch service, what the site includes).

Questions

Sources

1. IMF Country Report 10/320: Union of the Comoros (2010) checked 12 Oct 2026
2. Finance Magnates: Is the end of the Comoros licence mirage coming? (Mar 2026) checked 12 Oct 2026
3. Banque Centrale des Comores: Établissements de crédit checked 12 Oct 2026
4. Finance Magnates via CoinSpectator: MetaQuotes starts to block Comoros-regulated brokers (Mar 2026) checked 12 Oct 2026
5. Finance Magnates: The Comoros was just a layover, prop firms are landing in Mauritius (Jun 2026) checked 12 Oct 2026
6. Finance Magnates: 119 brokerage firms registered in Mwali last year (Sept 2025) checked 12 Oct 2026
7. Mondaq (Michael Chambers & Co): Anjouan brokerage licence checked 12 Oct 2026
8. Gofaizen & Sherle: Anjouan forex licence checked 12 Oct 2026
9. CoinCub: Anjouan licensing checked 12 Oct 2026
10. Constitute Project: Constitution of the Comoros (2018) checked 12 Oct 2026