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

> Anjouan and Comoros forex licences for prop firms: agent-quoted fees, the central bank warnings, the MetaQuotes freeze and why firms moved to Mauritius.

- Source: https://pipvalley.com/jurisdictions/anjouan
- Publisher: PipValley - web design studio for prop trading firms
- Updated: 2026-10-12

**Short answer:** An Anjouan forex licence is sold by agents for about €1,500 to apply and €18,000 a year, through an Anjouan IBC with no office required. The Union of the Comoros does not recognise it: the central bank warned in June 2022 of "fictitious structures claiming to issue licenses", and MetaQuotes stopped issuing MetaTrader licences to Comoros-registered brokers from February 2026. Take legal advice before relying on it.

## At a glance

- **Issuer:** Anjouan Offshore Finance Authority (AOFA), an authority of the autonomous island of Anjouan, not the Union of the Comoros government or its central bank. [2][1]
- **Recognition:** The Banque Centrale des Comores’ June 2022 communiqué "informs the public about fictitious structures claiming to issue licenses", naming AOFA, the Mwali authority (MISA) and Anjouan Corporate Services; republished December 2025. [2]
- **IMF finding:** IMF (2010): "offshore financial institutions were created in violation of the Union’s law. They had no legal basis when they were created"; the central bank alerted the world in November 2005. [1]
- **Licensed banks in the Comoros:** The central bank’s list of credit institutions has 4 banks and no Anjouan offshore licensees. [3]
- **MetaTrader access:** MetaQuotes stopped issuing MetaTrader licences to Comoros-registered brokers from February 2026; existing holders were not affected (Finance Magnates, 4 Mar 2026). [4]
- **Agent-quoted fees:** Michael Chambers & Co: €1,500 government application fee and €18,000 a year; licence valid one year. CoinCub: government fee €5,000–23,000 by scope. Not official figures. [7][9]
- **Capital and presence:** Gofaizen & Sherle: no set minimum capital ("recommended to contribute $10,000-$25,000"), no local office or resident director required. [8]
- **Timeline:** Agents quote 4–8 weeks (Gofaizen & Sherle) or 4–6 weeks (CoinCub) from incorporation to licence. [8][9]
- **Tax (agent claim):** CoinCub says an Anjouan IBC is exempt from corporate, income, dividend and capital gains tax if it does no business with Anjouan residents. [9]
- **Where prop firms went:** Finance Magnates (Jun 2026): FundingPips, FNmarkets, Hola Prime and Finotive Markets secured Mauritius licences, many after Comoros registrations. [5]

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](https://pipvalley.com/jurisdictions/mwali). 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.

> This page explains how things generally work in the Comoros as of 12 October 2026. It is not legal, tax or financial advice and does not create a lawyer–client relationship. Rules and fees change; confirm every point with a qualified lawyer and tax adviser in the Comoros before you act.

## 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](https://pipvalley.com/guides/white-label-prop-firm), a non-MetaTrader platform (see [what platform should a prop firm use](https://pipvalley.com/guides/what-platform-should-a-prop-firm-use)) or a recognised licence in [Mauritius](https://pipvalley.com/jurisdictions/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](https://pipvalley.com/guides/do-prop-firms-need-a-license).

## 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.

> An Anjouan IBC is required to hold the licence. Michael Chambers & Co notes the licence "does not automatically authorise a broker to offer services in every jurisdiction".

**Anjouan brokerage licence: agent-quoted terms (agent pages, checked 12 Oct 2026; not official figures)**

| Item | Agent figure | Agent |
|---|---|---|
| Government application fee | €1,500 | Michael Chambers & Co (via Mondaq) |
| Annual licence fee | €18,000; licence valid one year, renewable | Michael Chambers & Co (via Mondaq) |
| Government fee range by scope | €5,000–23,000 | CoinCub |
| Minimum capital | None set; $10,000–25,000 "recommended" | Gofaizen & Sherle |
| Office and resident director | Not required | Gofaizen & Sherle; CoinCub |
| Time to licence | 4–8 weeks; 4–6 weeks | Gofaizen & Sherle; CoinCub |
| Tax | 0% if no business with Anjouan residents | CoinCub |

## 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](https://pipvalley.com/jurisdictions/mwali) 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](https://pipvalley.com/tech/paytiko), BridgerPay), crypto for challenge fees ([Match2Pay](https://pipvalley.com/tech/match2pay), [Confirmo](https://pipvalley.com/tech/confirmo)) and a payout provider, as covered in [forex payment gateways](https://pipvalley.com/guides/forex-payment-gateway-for-prop-firms).

## 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](https://pipvalley.com/guides/prop-firm-website-checklist) and [legal documents guide](https://pipvalley.com/guides/what-legal-documents-does-a-prop-firm-need).

- 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](https://pipvalley.com/guides/prop-firm-sanctions-and-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](https://pipvalley.com/jurisdictions/mauritius) or [Seychelles](https://pipvalley.com/jurisdictions/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

1. **Write down why you want a licence:** Platform access, a brokerage arm or perceived credibility. Each has a better route than Anjouan in 2026.
2. **Get independent legal advice:** Ask a lawyer who does not sell Comoros licences to review the BCC communiqué, the IMF findings and your model.
3. **Choose the company base:** Pick a jurisdiction your banks and processors accept; compare [the jurisdictions index](https://pipvalley.com/jurisdictions) and [company formation cost](https://pipvalley.com/guides/prop-firm-company-formation-cost).
4. **Choose a platform route:** If MetaTrader is out, compare white labels and other platforms before paying for a licence.
5. **Publish accurate disclosures:** Entity, simulated-trading notice, restricted countries; never describe an island licence as national regulation.

## Providers worth a look

- **Paytiko**: Payment orchestration connecting merchants to 500+ PSPs; widely used by prop firms.
- **BridgerPay**: Payment orchestration with routing and retries across many PSPs.
- **Match2Pay**: Crypto processor for brokers and prop firms with published deposit and payout fees.
- **Confirmo**: Crypto gateway with a prop-trading page for challenge payments and mass payouts.
- **Match-Trader**: Prop platform with published white-label pricing, an alternative to chasing a MetaTrader licence.

## Your website

PipValley builds the marketing website for any platform or route: pricing table, rules, payouts, FAQ, legal pages and the checkout hand-off. Plan your launch: https://pipvalley.com/contact?src=launch-jurisdiction&place=anjouan

## Questions

### How much does an Anjouan forex licence cost?

Agents quote about €1,500 to apply and €18,000 a year for an Anjouan brokerage licence (Michael Chambers & Co), or €5,000–23,000 depending on scope (CoinCub), plus an Anjouan IBC and agent fees. These are agent figures checked on 12 October 2026, not official ones; no recognised government source publishes them.

### Is an Anjouan licence legitimate?

The Union of the Comoros does not recognise it. The central bank warned in June 2022 about "fictitious structures claiming to issue licenses", naming the Anjouan authority, and the IMF found in 2010 that Anjouan offshore institutions had no legal basis under Union law. Agents still sell it, so take independent legal advice before relying on one.

### Is a Comoros forex licence the same as an Anjouan one?

Not exactly. "Comoros forex licence" usually means a licence from the Anjouan (AOFA) or Mwali/Mohéli (MISA) offshore authorities, both named in the central bank’s 2022 warning. Neither is issued by the Union government. Our Mwali page covers MISA, which reportedly licensed 119 brokerage platforms in 2024.

### Can Comoros-licensed brokers still get MetaTrader?

Not new ones. Finance Magnates reported that MetaQuotes stopped issuing MetaTrader licences to Comoros-registered brokers from February 2026, while existing licence holders were not affected. That removed the main reason prop firms took Comoros licences, and several have since obtained Mauritius licences instead.

### How long does an Anjouan licence take?

Agents quote 4–8 weeks (Gofaizen & Sherle) or 4–6 weeks (CoinCub) from incorporating the IBC to receiving the licence, with no local office or resident director required. Speed is the selling point; recognition, banking and platform access are the costs you pay later.

## Sources

1. [IMF Country Report 10/320: Union of the Comoros (2010)](https://www.imf.org/external/pubs/ft/scr/2010/cr10320.pdf) (checked 2026-10-12)
2. [Finance Magnates: Is the end of the Comoros licence mirage coming? (Mar 2026)](https://www.financemagnates.com/forex/is-the-end-of-the-comoros-license-mirage-coming/) (checked 2026-10-12)
3. [Banque Centrale des Comores: Établissements de crédit](https://banque-comores.km/page/show/etablissements-de-credit) (checked 2026-10-12)
4. [Finance Magnates via CoinSpectator: MetaQuotes starts to block Comoros-regulated brokers (Mar 2026)](https://coinspectator.com/mainstream/2026/03/04/metaquotes-starts-to-block-comoros-regulated-brokers/) (checked 2026-10-12)
5. [Finance Magnates: The Comoros was just a layover, prop firms are landing in Mauritius (Jun 2026)](https://www.financemagnates.com/forex/the-comoros-was-just-a-layover-prop-firms-are-landing-in-mauritius/) (checked 2026-10-12)
6. [Finance Magnates: 119 brokerage firms registered in Mwali last year (Sept 2025)](https://www.financemagnates.com/forex/119-brokerage-firms-registered-in-mwali-last-year/) (checked 2026-10-12)
7. [Mondaq (Michael Chambers & Co): Anjouan brokerage licence](https://www.mondaq.com/cyprus/financial-services/1804960/anjouan-brokerage-licence) (checked 2026-10-12)
8. [Gofaizen & Sherle: Anjouan forex licence](https://gofaizen-sherle.com/forex-license/anjouan) (checked 2026-10-12)
9. [CoinCub: Anjouan licensing](https://coincub.com/blog/anjouan-licensing/) (checked 2026-10-12)
10. [Constitute Project: Constitution of the Comoros (2018)](https://constituteproject.org/constitution/Comoros_2018) (checked 2026-10-12)

_Not legal, tax or financial advice: rules differ by place and change often; speak to a qualified lawyer and tax adviser. Evaluation accounts are simulated; nothing here promises revenue, pass rates or payouts._