BrokersView has found that CourseFx appears to be a scam CourseFX was previously verified by us as holding a license (BFX2024206) issued by the MWALI International Services Authority (MISA). However, our latest review reveals that while CourseFX’s website continues to display this licensing information, the license is now listed as suspended in MISA’s official registry. This suspension means that CourseFX is no longer authorized. Even under MISA’s framework, MISA itself is an offshore regulatory body with limited international recognition, weak oversight mechanisms, and minimal investor protections. Its licensing standards fall far short of those upheld by major global regulators. Therefore, CourseFx appears to be a scam.

Is CourseFx's license still valid? Dear Investor, CourseFX was previously verified by us as holding a license (BFX2024206) issued by the MWALI International Services Authority (MISA). However, our latest review reveals that while CourseFX’s website continues to display this licensing information, the license is now listed as suspended in MISA’s official registry. This suspension means that CourseFX is no longer authorized. Even under MISA’s framework, MISA itself is an offshore regulatory body with limited international recognition, weak oversight mechanisms, and minimal investor protections. Its licensing standards fall far short of those upheld by major global regulators. Given these findings, we assess it as high-risk broker. We therefore strongly advise against any engagement with CourseFX. For your safety, please choose brokers regulated by reputable and actively supervised financial authorities. View Source

Is CourseFx a reliable broker? Dear Investor, Thank you for reaching out to us. We've investigated CourseFx and are concerned about its reliability. While CourseFx holds a license from the Mwali International Services Authority (MISA) under number BFX2024206, this does not ensure strict regulation. Notably, this authority is questionable, as the Central Bank of Comoros has indicated that MISA is a fictitious financial regulator. Therefore, we strongly recommend exercising extreme caution if you consider using CourseFx due to its associated risks. View Source