Reported as a scam / unregulated
Why Equitros is on the register
Equitros claims that all its trading services are provided by Covenance Limited, a company reportedly authorized and licensed by the Mwali International Services Authority (MISA) under license number BFX2025087. While our verification confirms that MISA license BFX2025087 is indeed registered to Covenance Limited, the official registration lists only one authorized domain — . There is no evidence linking Covenance Limited or its MISA license to the Equitros platform. This strongly suggests that Equitros is misappropriating the regulatory credentials of a legitimate licensed company to falsely present itself as a regulated and trustworthy broker. Therefore, Equitros shows a huge risk of being a fraud.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.