MetaQuotes has stopped issuing MetaTrader licenses to brokers registered in the Union of the Comoros, disrupting dozens of offshore firms that relied on the region’s light regulatory environment. The decision, which took effect in February, follows growing concerns about compliance standards in the small Indian Ocean nation.MetaQuotes Reassesses Regulatory RisksSources familiar with the situation confirmed this information to Finance Magnates RU, saying MetaQuotes reassessed regulatory risks linked to Comorian jurisdictions, mainly Mohéli (Mwali) and Anjouan, where brokers can register without authorized capital. The company privately informed local brokers that they would need a license from a different jurisdiction to access MetaTrader platforms.The change does not affect existing MetaTrader license holders, but MetaQuotes has paused all new issuances to Comoros-registered entities.Since the restriction began, industry sources report a spike in attempts to sell Comoros-based brokerages with MT5 licenses. Many firms sought to recover value before their operations became unviable without MetaTrader support.By the end of 2024, regulators in Mwali recorded 258 registered brokers, including 119 on Mwali alone. The freeze by MetaQuotes now casts doubt on the future of these entities, marking a clear shift away from offshore hubs with weak oversight.Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.

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