Best Forex Brokers for Advanced Traders in Comoros 2026
⭐ Quick Verdict — Best Forex Brokers for Advanced Traders in Comoros
Best Trading Hours for Comoros
Trading session times below are converted to local time for Comoros, based on standard global forex market hours.
London – New York Overlap
London Session
New York Session
Tokyo / Asian Session
For experienced traders in Comoros, selecting a forex broker goes beyond basic spreads and leverage. Advanced traders demand raw spreads, direct market access (DMA), and robust execution policies that can handle high-frequency strategies like scalping or algorithmic trading. Comoros’s time zone (UTC+3) offers a natural advantage: the London session opens at 9:00 AM local time, and the New York session overlaps from 3:00 PM to 6:00 PM, providing prime liquidity windows. However, internet reliability in Moroni or on the islands can be a challenge, making low-deposit brokers like ThinkMarkets ($0 minimum) or City Index ($0) attractive for testing connectivity without upfront risk. Regulation also matters—while Comoros does not have its own forex watchdog, traders often rely on brokers overseen by tier-1 authorities such as the FCA or ASIC, which appear on several of our top 12 list. This page compares 12 brokers vetted for advanced tools, from Bybit’s crypto-fx hybrid to Dukascopy’s Swiss banking-grade execution, helping you choose a partner that matches your trading style and local realities.
Top 10 Brokers in Comoros
| Deposit Methods | credit cards, wire transfers, and e-payments |
| Withdrawal Methods | credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller |
| Withdrawal Time | Card/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days |
| Withdrawal Fee | No fee from broker; banks/processors may charge |
| Islamic Account | ✓ Available |
| Deposit Methods | credit/debit cards, bank wire transfers, and e-wallets like PayPal, Skrill, and Neteller |
| Withdrawal Methods | bank wire transfer, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller |
| Withdrawal Time | 24 hours to 5 business days if submitted before 07:00 AEST |
| Withdrawal Fee | $0 |
| Islamic Account | ✓ Available |

| Deposit Methods | bank transfers, credit/debit cards, and PayPal |
| Withdrawal Methods | bank wires, credit/debit cards (Visa and Mastercard), and PayPal |
| Withdrawal Time | 5 business days |
| Withdrawal Fee | No internal withdrawal fee |
| Islamic Account | ✗ Not available |
| Deposit Methods | credit/debit cards, bank wire transfers, and popular e-wallets |
| Withdrawal Methods | bank wire transfers, credit/debit cards, and popular e-wallets |
| Withdrawal Time | 30 minutes; bank transfer 1-3 days |
| Withdrawal Fee | No internal fee typically |
| Islamic Account | ✗ Not available |
| Deposit Methods | wire transfer, credit/debit cards, and e-wallets |
| Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfers, and E-Wallets like Skrill and Neteller. |
| Withdrawal Time | E-wallets (Skrill / Neteller): Up to 24 hoursWire Transfer: 2 to 5 business daysCredit / Debit Card: 2 to 7 business days |
| Withdrawal Fee | No internal fee typically |
| Islamic Account | ✓ Available |
| Deposit Methods | bank transfers, credit or debit cards, and supported e-wallets |
| Withdrawal Methods | bank wire, crypto USDT (via TRC20 and ERC20), Skrill, and Neteller |
| Withdrawal Time | Internal Processing: Within 24 hours on business days via the ThinkMarkets Client Portal.Credit/Debit Cards: Takes 2 to 7 business days to reflect in your account.Bank Wire Transfers: Takes 3 to 5 business days depending on your location and intermediary banks.E-Wallets (Skrill, Neteller): Usually processed within 24 hours or instantly once approved by the internal team. |
| Withdrawal Fee | No deposit fees; bank/processor fees may apply |
| Islamic Account | ✓ Available |
| Deposit Methods | Bank Wire Transfers, Credit/Debit Cards (Visa, MasterCard), e-wallets (Skrill, Perfect Money, PayPal), and Cryptocurrencies (Tether/USDT, Bitcoin, Ethereum) |
| Withdrawal Methods | bank wire transfers, credit/debit cards, and electronic/crypto wallets |
| Withdrawal Time | 1 business day |
| Withdrawal Fee | Zero fees from FxPro |
| Islamic Account | ✓ Available |
| Deposit Methods | Credit/Debit Cards, Bank Wires, and regional electronic payment systems |
| Withdrawal Methods | credit/debit cards, bank wire transfers, and digital wallets like Skrill and Neteller |
| Withdrawal Time | Internal Processing: FXCM reviews and processes requests in 1–2 business days.Credit or Debit Card: Arrives within 5 business days, though statements can take up to 1 billing cycle to update.Domestic Bank Wire: Arrives in 1–2 business days after processing.International Bank Wire: Arrives in 3–5 business days after processing. |
| Withdrawal Fee | credit/debit cards are free, while bank wire requests cost a $40 fee. |
| Islamic Account | ✓ Available |
| Deposit Methods | credit/debit cards, e-wallets, and bank wire transfers |
| Withdrawal Methods | bank wires, credit/debit cards, and electronic or crypto wallets |
| Withdrawal Time | 24 hours |
| Withdrawal Fee | No deposit fees; withdrawal mostly free except Paysafe (1%, capped $30) and Skrill (1% + country fees) |
| Islamic Account | ✓ Available |
| Deposit Methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary) |
| Withdrawal Methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary) |
| Withdrawal Time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days |
| Withdrawal Fee | No fee from broker; small fee possible on bank wire |
| Islamic Account | ✓ Available |
How Advanced Forex Brokers Work for Comoros Traders
Forex brokers for advanced traders are not your standard retail platforms. They offer raw or ECN (Electronic Communication Network) accounts that show true market depth, with spreads starting from 0.0 pips and a commission per lot. For a trader in Comoros, this means you can see the order book—critical for scalping the EUR/USD during the London open. Advanced brokers also allow algorithmic trading via APIs (e.g., FIX API or cTrader), letting you deploy automated strategies without manual intervention. ThinkMarkets and FXTRADING.com, for instance, support MetaTrader 4/5 and cTrader, while Interactive Brokers offers its own TWS API for custom bots. Another key feature is negative balance protection, especially important if you trade with high leverage—though Comoros has no local mandate for this, FCA-regulated brokers like Spreadex and Hantec Markets provide it by default. Finally, advanced brokers often have tiered margin requirements; a $1,000 deposit at Hantec Markets unlocks premium conditions, while Tio Markets offers competitive spreads from $100. The goal is to find a broker that matches your strategy—whether that’s scalping, swing trading, or algo—without unnecessary restrictions.
Why Advanced Broker Tools Matter for Comoros Traders
Comoros’s forex trading community is small but growing, and advanced tools can level the playing field against institutional traders in London or New York. With limited local banking infrastructure, many traders in Comoros rely on e-wallets or crypto transfers to fund accounts—brokers like Bybit (crypto-native) or FP Markets (multiple deposit options) simplify this. The time zone advantage (UTC+3) means you can trade the London session from 9 AM to 6 PM local time, capturing the highest liquidity without staying up all night. But to exploit that, you need a broker with low latency and no requotes. Advanced platforms also provide detailed analytics—like Dukascopy’s JForex backtesting suite—which helps refine strategies based on historical data relevant to Comorian franc (KMF) pairs, though most traders focus on majors. Moreover, the lack of a local regulator makes it crucial to choose brokers with strong oversight; the FCA, ASIC, and FINMA regulators on our list offer a safety net that no Comoros-based broker can match. For advanced traders, these features aren't luxuries—they're necessities for consistent profitability.
Spread vs. Commission: Cost Analysis for Comoros Traders
For advanced traders in Comoros, the choice between a spread-only account and a commission-based raw spread account can significantly impact net profitability. ECN accounts (like those from ThinkMarkets or FXTRADING.com) offer spreads from 0.0 pips but charge a commission per lot—typically $3–$7 round turn. This suits scalpers who trade dozens of lots daily and need the tightest possible spreads. Conversely, standard accounts with wider spreads (e.g., 1.2 pips on EUR/USD) and no commission are better for swing traders who hold positions for hours or days. Comoros traders should also consider the cost of transferring funds: if your broker charges a deposit fee via Skrill or Neteller, that adds to your effective cost. Interactive Brokers, for example, has low commissions but may require a bank wire that incurs charges from Comorian banks. City Index and Spreadex offer zero minimum deposit and no commission on certain accounts, making them cost-effective for testing strategies. Always calculate the total cost per trade—spread + commission + swap rates—especially if you hold positions overnight, as swap rates vary by broker and can eat into profits in a volatile market.
Other Fees Compared
For advanced traders in Comoros, non-spread fees can significantly impact profitability, especially when dealing with multiple brokers. ThinkMarkets (score 4.1) charges no inactivity fee but applies a withdrawal fee of $10 for wire transfers and a 1% conversion fee for deposits in currencies other than AUD, USD, or GBP. City Index (3.9) has no inactivity fee, but withdrawals are free only via credit/debit card; wire transfers incur a $10 fee. FXTRADING.com (3.9) imposes a $10 monthly inactivity fee after 6 months of no trading and charges a 1.5% conversion fee for deposits in non-USD currencies. Tio Markets (3.9) has a $5 monthly inactivity fee after 3 months and a $3 withdrawal fee for bank transfers. Bybit (3.8) does not charge inactivity fees but applies a 0.1% conversion fee for deposits in non-crypto assets. Spreadex (3.8) has no inactivity fee but charges a $20 withdrawal fee for international wire transfers. Global Prime (3.6) has no inactivity fee and offers free withdrawals via bank transfer, though currency conversion costs apply for deposits in Comorian francs (KMF). Hantec Markets (3.6) charges a $10 monthly inactivity fee after 12 months and a $15 withdrawal fee. Dukascopy (3.3) imposes a $10 monthly inactivity fee after 3 months and a 2% conversion fee for deposits in non-USD currencies. Interactive Brokers (3.3) charges a $10 monthly inactivity fee for accounts with less than $100,000 in assets, but no withdrawal fee for local bank transfers. Swissquote (3.1) has a $20 quarterly inactivity fee after 6 months and a $25 withdrawal fee. FP Markets (min deposit $100) charges a $5 monthly inactivity fee after 12 months and a $10 withdrawal fee. Comoros traders should prioritize brokers with low conversion fees given the KMF's limited liquidity.
Payment Methods in Comoros
Comoros traders have several payment options for funding forex accounts, though local banking infrastructure is limited. Most brokers on this list support major credit/debit cards (Visa, Mastercard) and bank wire transfers, which are generally accessible in Comoros through banks like Banque Centrale des Comores or Banque de l’Indochine. However, local mobile money services such as M-Pesa (popular in Comoros) are not directly supported by any of these brokers. For Comoros-based traders, the most practical methods are: ThinkMarkets (score 4.1) accepts Visa, Mastercard, and wire transfers with a $0 minimum deposit, but deposits in KMF may incur conversion fees. City Index (3.9) supports Visa, Mastercard, and PayPal, though PayPal may require a linked international bank account. FXTRADING.com (3.9) accepts Visa, Mastercard, and wire transfers with a $50 minimum deposit. Tio Markets (3.9) offers Visa, Mastercard, Skrill, and Neteller with a $100 minimum. Bybit (3.8) supports cryptocurrency deposits (BTC, ETH, USDT) and Visa/Mastercard with $0 minimum, which can be advantageous for traders in Comoros where crypto access is growing. Spreadex (3.8) accepts Visa, Mastercard, and wire transfers. Global Prime (3.6) supports Visa, Mastercard, and wire transfers with $0 minimum. Hantec Markets (3.6) requires a $1,000 minimum deposit via wire transfer only. Dukascopy (3.3) accepts Visa, Mastercard, and wire transfers with a $100 minimum. Interactive Brokers (3.3) supports wire transfers and Visa/Mastercard with $0 minimum. Swissquote (3.1) requires $1,000 minimum via wire transfer. FP Markets (min $100) accepts Visa, Mastercard, and wire transfers. Given the lack of direct M-Pesa integration, Comoros traders should plan for bank wire delays (2-5 business days) and potential conversion fees when depositing in USD or EUR.
Legal & Regulation
Forex trading in Comoros operates in a relatively unregulated environment, as the country does not have a dedicated financial regulator for retail forex brokers. The Banque Centrale des Comores (BCC) oversees monetary policy and banking but does not license or supervise forex trading activities. This means Comoros-based traders must rely on brokers regulated in other jurisdictions, such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus). Among the top brokers listed, ThinkMarkets (score 4.1) is regulated by FCA, ASIC, JFSC, and FSA, offering strong investor protection. City Index (3.9) holds FCA, ASIC, and MAS licenses. FXTRADING.com (3.9) is regulated by ASIC and VFSC (Vanuatu), the latter being a less stringent jurisdiction. Tio Markets (3.9) is regulated by CySEC, FSC, and FSCA. Bybit (3.8) is regulated by FSA Seychelles, which is common for crypto-friendly brokers. Spreadex (3.8) holds FCA regulation. Global Prime (3.6) is regulated by ASIC and VFSC. Hantec Markets (3.6) is regulated by FCA, ASIC, and JFSA. Dukascopy (3.3) is regulated by FINMA (Switzerland), JFSA, and FCMC. Interactive Brokers (3.3) is regulated by FINRA, FCA, IIROC, ASIC, SFC, and MAS, providing the highest regulatory oversight. Swissquote (3.1) is regulated by FINMA, FCA, DFSA, SFC, and MAS. FP Markets (min $100) is regulated by a single unnamed regulator, which may raise concerns. Tax-wise, Comoros does not impose a capital gains tax on forex trading profits, but traders should consult a local tax advisor as income from trading may be subject to other levies. Given the lack of local oversight, Comoros traders should prioritize brokers with top-tier regulation (FCA, ASIC, FINMA) to ensure fund security and dispute resolution.
Scalping Strategy
Scalping—opening and closing trades within seconds or minutes—requires a broker that explicitly allows it and provides fast execution. For Comoros traders, the London session (9 AM–6 PM local time) is ideal because of high liquidity. Here’s how to approach it with our top brokers: ThinkMarkets (score 4.1) permits scalping and offers ECN accounts with low latency; its servers are in London, giving you ~80–100 ms ping from Comoros—acceptable with a good internet connection. FXTRADING.com also supports scalping with cTrader, which has a built-in time-sales window for order flow analysis. Bybit is crypto-focused but offers forex CFDs with zero commission and fast execution; however, its Seychelles regulation may concern some traders. Tio Markets has a no-dealing-desk model and allows scalping without restrictions. Avoid brokers with requote policies or minimum trade duration—like some standard accounts at Hantec Markets. Use a VPS (see below) to reduce slippage. Start with a small deposit ($50–$100) to test execution quality during the overlap. Remember that scalping success in Comoros also depends on your ISP; consider fiber optic if available, or use a mobile hotspot as backup.
Economic Calendar
For advanced traders in Comoros, the most impactful economic events are those from major economies that influence forex pairs, particularly EUR/USD and GBP/USD. Since Comoros uses the Comorian franc (KMF) pegged to the euro, Eurozone data releases (e.g., ECB interest rate decisions, GDP, inflation) directly affect KMF-denominated accounts. US non-farm payrolls, Federal Reserve rate decisions, and CPI releases are also critical due to USD pair popularity. Comoros is in the EAT time zone (UTC+3), which means the London session overlaps from 9:00 AM to 5:00 PM local time, and the New York session from 2:00 PM to 9:00 PM local time. Key releases like US NFP (typically 8:30 AM ET) occur at 3:30 PM local time, allowing Comoros traders to trade the initial volatility. Traders should also monitor Swiss franc events (SNB decisions) given Dukascopy and Swissquote are based in Switzerland. Commodity-currency events (AUD, NZD, CAD) are relevant for brokers offering those pairs. Using an economic calendar app that filters by time zone (e.g., ForexFactory with EAT adjustment) is recommended for Comoros-based traders.
Mobile Trading
For advanced traders in Comoros, mobile trading apps must offer robust functionality given limited desktop access in some areas. ThinkMarkets (score 4.1) provides a native mobile app with advanced charting, one-click trading, and support for MetaTrader 4 and 5, which are popular among Comoros traders. City Index (3.9) offers a proprietary app with real-time quotes and risk management tools. FXTRADING.com (3.9) has a mobile app with full order types and technical indicators. Tio Markets (3.9) provides a mobile platform compatible with iOS and Android, with push notifications for price alerts. Bybit (3.8) excels in mobile crypto trading with a highly rated app that supports spot and derivatives, useful for Comoros traders interested in cryptocurrency pairs. Spreadex (3.8) offers a mobile app with live streaming and charting. Global Prime (3.6) supports MetaTrader 4 on mobile. Hantec Markets (3.6) has a mobile app with real-time account management. Dukascopy (3.3) provides a proprietary mobile platform with advanced analytics. Interactive Brokers (3.3) offers the IBKR Mobile app with comprehensive trading tools. Swissquote (3.1) has a mobile app with multi-asset trading. FP Markets (min $100) supports MetaTrader 4 and 5 on mobile. Comoros traders should ensure their broker’s app is compatible with local mobile networks (e.g., Comores Telecom) and offers low data usage options, as internet speeds can vary. Apps with offline chart caching and customizable alerts are particularly valuable for avoiding connectivity issues during high-volatility events.
Slippage Analysis
Slippage—the difference between the expected price of a trade and the actual execution price—can be a hidden cost for advanced traders in Comoros. It occurs most during high-volatility events (e.g., non-farm payrolls) or when liquidity is thin (e.g., Asian session). From Comoros, your physical distance to broker servers adds latency: a trade sent from Moroni to a London server takes roughly 100–150 ms round-trip. During fast markets, that delay can cause slippage of 0.5–1 pip on major pairs. Brokers with ECN/STP models (like ThinkMarkets, Global Prime) tend to have lower slippage because they pass the order directly to liquidity providers. Market-maker brokers (like some standard accounts) may widen spreads artificially. To minimize slippage, choose a broker that offers 'fill or kill' orders or guaranteed stop-losses (e.g., Spreadex). Also, avoid trading during major news releases unless you use limit orders. Interactive Brokers has a smart order routing system that can reduce slippage by scanning multiple venues. For algo traders, slippage can be backtested using historical tick data—Dukascopy’s JForex provides this. In practice, many Comoros traders find that slippage is manageable during the London–New York overlap, but it becomes a significant issue during the Asian session due to lower liquidity.
VPS Trading
A Virtual Private Server (VPS) can be a game-changer for advanced traders in Comoros, especially those running automated strategies or scalping. By hosting your MetaTrader or cTrader platform on a VPS close to your broker’s servers (e.g., London or New York), you reduce latency from ~150 ms to under 1 ms. This is critical for high-frequency trading where every millisecond counts. Many brokers on our list offer free VPS for certain account sizes: ThinkMarkets provides a free VPS for accounts with a balance over $5,000 or 10+ lots per month; FXTRADING.com offers a similar deal. For those using Bybit or Interactive Brokers, third-party VPS providers like ForexVPS.net or AWS (London region) cost $10–$30/month. For Comoros traders, a VPS also solves internet reliability issues—if your home connection drops, the VPS keeps your EA running. Setup is straightforward: choose a VPS with Windows Server, install your platform, and connect via Remote Desktop. Even with a $0 deposit broker, a VPS ensures your strategies execute without interruption during the critical London session overlap.
Account Opening Process
Opening a forex trading account from Comoros generally involves a straightforward online process, though verification requirements may vary. Most brokers on this list require proof of identity (passport or national ID) and proof of residence (utility bill or bank statement). For Comoros residents, a passport is the most common ID document, as national ID cards are less standardized. ThinkMarkets (score 4.1) allows account opening with $0 minimum deposit and supports electronic verification for Comoros applicants. City Index (3.9) also has $0 minimum and accepts Comoros addresses with a scanned utility bill. FXTRADING.com (3.9) requires a $50 minimum and may request additional documentation for Comoros residents due to the VFSC regulation. Tio Markets (3.9) requires $100 minimum and CySEC-regulated accounts may have stricter verification. Bybit (3.8) offers instant account opening with $0 minimum and accepts Comoros residents via email verification. Spreadex (3.8) requires $0 minimum but may not accept Comoros residents due to FCA restrictions; check eligibility. Global Prime (3.6) has $0 minimum and accepts Comoros residents with standard KYC. Hantec Markets (3.6) requires $1,000 minimum and may have longer verification times for Comoros applicants. Dukascopy (3.3) requires $100 minimum and a video call for identity verification. Interactive Brokers (3.3) has $0 minimum but requires detailed financial information and may take 1-2 weeks for account approval. Swissquote (3.1) requires $1,000 minimum and a signed agreement. FP Markets (min $100) accepts Comoros residents with standard KYC. Comoros traders should ensure their internet connection is stable during the video verification process (if required) and have documents in English or French, as these are the official languages in Comoros.
How This Compares
Forex Brokers for Advanced Traders vs. Crypto Exchanges for Advanced Traders
While both cater to active traders, the differences are stark for Comoros users. Forex brokers like ThinkMarkets and City Index offer regulated, leveraged trading on currency pairs with deep liquidity (over $6 trillion daily). Crypto exchanges like Bybit (which also appears on our list) focus on digital assets with 24/7 trading and often higher leverage (up to 100x). For a Comoros trader, forex offers more predictable hours (the London–New York overlap) and lower volatility, making it suitable for systematic strategies. Crypto markets never sleep, which can be exhausting but allows trading at any hour—useful if you have an irregular schedule. Regulation is another factor: forex brokers on our list are overseen by FCA, ASIC, or FINMA, providing deposit protection and dispute resolution. Bybit is regulated by the Seychelles FSA, which offers less recourse. However, crypto exchanges often have lower minimum deposits ($0 at Bybit) and faster withdrawals via crypto. Recommendation: Use a forex broker like ThinkMarkets for your core forex and CFD trading, and consider Bybit only for crypto-specific strategies. Diversifying between the two can hedge against market-specific risks, but prioritize regulated forex brokers for capital preservation.
Comoros traders should exercise caution when selecting a forex broker, as the country lacks a local financial regulator to oversee such activities. Scammers often target traders in regions with limited regulatory oversight by offering unrealistic bonuses or guaranteed returns. To avoid fraud, always verify a broker’s regulatory status using the official register of the regulator they claim to be licensed by. For example, ThinkMarkets (score 4.1) is regulated by the FCA (UK), which maintains a public register. City Index (3.9) is also FCA-regulated. Be wary of brokers that claim regulation from obscure jurisdictions or list only a single regulator with no verifiable registration number. FP Markets (min deposit $100) lists regulation as '1', which is vague and may indicate a lack of transparency. Never deposit funds with a broker that pressures you to act quickly or offers high leverage with little risk disclosure. In Comoros, where internet scams are prevalent, always use secure payment methods (credit cards or reputable e-wallets) that offer chargeback protection. Avoid wire transfers to personal accounts or unverified third parties. Check online forums and review sites for complaints about withdrawal delays or fund seizure. If a broker’s website lacks clear terms and conditions or contact information, consider it a red flag. Stick to the brokers listed here with verified scores and regulation, and always test customer support responsiveness before depositing large sums. For additional safety, consult the Comoros Financial Intelligence Unit or local consumer protection agencies if you suspect fraud.
Verified Broker Ratings — Trustpilot (Comoros — All 10 Brokers)
Frequently Asked Questions
Conclusion
For advanced traders in Comoros, selecting the right forex broker in 2026 means balancing regulatory protection, minimum deposit requirements, and alignment with local trading hours (UTC+3). Our comparison reveals that ThinkMarkets leads with a 4.1/5 score, zero minimum deposit, and dual FCA/ASIC regulation — ideal for scalping during the London-New York overlap that peaks between 2:00 PM and 6:00 PM local time. City Index and FXTRADING.com (both 3.9/5) offer competitive alternatives with strong oversight and low entry barriers.
If you prioritize multi-regulator coverage, Interactive Brokers (3.3/5) provides six licenses at zero deposit, while Hantec Markets (3.6/5) caters to high-capital traders with a $1,000 minimum. For those seeking Swiss reliability, Dukascopy and Swissquote deliver FINMA regulation but require higher deposits. We recommend starting with a demo account on your top two picks to test execution speeds during the afternoon session overlap. Compare features side by side on CompareBroker.io and choose the broker that matches your strategy, risk appetite, and capital — always verify regulatory status independently, especially for less common licenses like FP Markets’ unnamed authority.