Back to blogBefore depositing with any broker, it makes sense to understand exactly how that broker is regulated, how it executes your trades, and how transparent it is about both. This article lays out all three for tegasFX in plain terms: our licensing, what our regulation covers, and, importantly, how you can verify it for yourself in the official register.
“Transparency builds trust better than marketing claims. Verify the license yourself, then decide.
How tegasFX is licensed, what our regulation covers, and how to verify it yourself in the official register.
How tegasFX is regulated
TegasFX Ltd is listed by the Mwali International Services Authority (MISA) as an authorised brokerage company. Here are the core registration details.
Company name
TegasFX Ltd
Company number
HT01224150
License number
BFX2024226
Regulator
Mwali International Services Authority (MISA)
Date of license issue
17 December 2024
What our regulation covers
tegasFX operates under offshore MISA regulation. It is not regulated by Tier-1 authorities such as the SEC, FINRA, FCA, BaFin, ASIC, CySEC, or MAS, and traders should understand the scope of offshore regulation before they trade.
What it does mean
The firm is registered, licensed, and subject to the rules of its jurisdiction.
What it does not mean
It does not provide the same investor-compensation schemes or oversight intensity associated with Tier-1 regulators.
Your responsibility
Always do your own due diligence: verify the license, read the terms, and never deposit more than you are willing to risk.
What is MISA?
MISA is the regulatory body of Mohéli, an island that forms part of the Union of the Comoros. It licenses and supervises international brokerage companies and maintains a public register where anyone can confirm a company's license details.
Holding a MISA license means a broker is formally registered and subject to its rules. As with any offshore framework, the practical level of protection differs from Tier-1 regimes, which is why independent verification and sensible risk management matter.
How to verify tegasFX yourself
Do not take our word for it. Confirm the license independently before you commit any funds.
Open the official verification page
Use the direct MISA verification link on the tegasFX Regulatory Status page, which opens the official register on mwaliregistrar.com — the .com domain, not .net, which is not authoritative.
Check the details
Confirm the entry shows company number HT01224150 and license number BFX2024226.
Confirm the status
Confirm the status is active before opening an account or depositing funds.
What to check before depositing with any broker
Verify the license at the source
Find the regulator's official register yourself rather than trusting a logo or screenshot on the broker's site.
Understand the execution model
Is the broker A-Book (routing to the market) or B-Book (taking the other side)? This shapes whether its interests align with yours.
Read the withdrawal terms
Know the conditions, timelines, and any minimums for getting your money out before you put money in.
Check the risk disclosures
Reputable brokers are clear that leveraged trading carries a high risk of loss. Vagueness here is a flag.
Look at independent reviews
Third-party review platforms show how the broker handles real clients, especially around payments and support.
Start small
Even after everything checks out, a modest first deposit lets you test deposits, execution, and withdrawals before committing more.
Beyond regulation: execution and track record
Regulation is one pillar of trust; the execution model is another. A broker can be regulated and still trade against its clients if it runs a B-Book market-maker model. tegasFX runs a true A-Book ECN/STP model, routing orders to a pool of over 30 top-tier liquidity providers with no dealing desk intervention, so there is no structural incentive to profit from your losses.
On track record: tegasFX has operated in the brokerage industry since 2016 and today serves more than 150,000 clients worldwide. None of this replaces your own due diligence, but combined with verifiable licensing and a transparent execution model it gives you the full picture.
Warning signs to watch for in any broker
Unverifiable claims
A license number that does not appear in the regulator's official register, or a regulator with no public register at all.
Guaranteed profits
No legitimate broker promises returns. Trading carries real risk, and anyone claiming otherwise is misleading you.
Pressure to deposit
Aggressive tactics to make you fund quickly, or to deposit more than you planned, are a serious warning sign.
Opaque withdrawals
If the conditions for getting your money out are unclear or keep changing, treat that as a major concern.
No risk disclosure
Responsible brokers state plainly that leveraged products can lead to loss. Silence on risk is itself a red flag.
Frequently asked questions
Is tegasFX regulated?
Yes. TegasFX Ltd is listed by the Mwali International Services Authority (MISA) as an authorised brokerage company under license number BFX2024226. Clients should verify the current status in the official MISA register.
Is tegasFX regulated by the FCA, BaFin, SEC, FINRA, ASIC, CySEC, or MAS?
No. tegasFX is not regulated by these Tier-1 authorities. It operates under offshore MISA regulation, and traders should understand the scope of offshore regulation before trading.
How can I verify the tegasFX license?
Open the official MISA register using the verification link on the tegasFX Regulatory Status page, then confirm the entry for company number HT01224150 and license number BFX2024226. Use the mwaliregistrar.com register; mwaliregistrar.net is not authoritative.
What is tegasFX's license number?
tegasFX's MISA license number is BFX2024226, issued on 17 December 2024.
Does tegasFX trade against its clients?
No. tegasFX operates a true A-Book ECN/STP model, routing orders to over 30 top-tier liquidity providers with no dealing desk intervention, so there is no structural incentive to profit from client losses.
What is MISA?
MISA is the Mwali International Services Authority, the regulatory body of Mohéli in the Union of the Comoros. It licenses and supervises international brokerage companies and maintains a public register where license details can be verified.
What should I check before depositing with a broker?
Verify the license at the regulator's official source, understand whether the broker is A-Book or B-Book, read the withdrawal terms, check the risk disclosures, review independent feedback, and start with a small first deposit to test the process.
