Reviewed by Shaun David
Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m extremely passionate about the financial markets and working with innovative technology that makes trading better and safer. Since joining the CleaRank team, my primary role is working with real-time broker performance data using the CLEAR™ technology and broker evaluation methodology. I investigate brokers by testing their platforms and uncovering hidden risks and costs. My end goal is to level the playing field for traders and With an extensive background in market analysis and algorithmic trading, I’m qualified to find what matters most to traders. using our CLEAR™ Methodology The CLEAR™ Score (Credibility, Leverage, Execution, Accessibility, Regulation) is our proprietary ranking system. The CLEAR™ Score provides you with the most accurate and transparent broker ranking after evaluating all the key factors that are crucial for trading success. .
Last fact check on August 3, 2026 by
Michelle Sofia
Michelle Sofia
Market Analyst • Editorial Review
Michelle is the financial content architect and SEO market analyst at CleaRank, and the final editorial reviewer on every CleaRank publication. With a background in financial journalism and fintech reporting, she fact-checks each broker investigation for accuracy before it goes live.
ScoreCM Review 2026
ScoreCM operates as ScoreCM Ltd, a brand also written Score Capital Markets, offering CFD and forex trading through scorecm.com. The only licence the operator discloses is from the Mwali International Services Authority (MISA), licence number T2023420, issued for trading in financial and commodity-based derivative instruments and other securities. MISA is an offshore registry associated with the island of Moheli (Mwali) in the Union of the Comoros. Ahrefs data from 12 June 2026 shows scorecm.com receiving 733 monthly organic visits while its backlink profile carries 8,258 backlinks from 2,339 referring domains, roughly three referring domains for every monthly visitor.
No Tier-1 regulator recognises MISA authorisation. The Financial Conduct Authority register shows no authorisation for ScoreCM Ltd, and the Australian Securities and Investments Commission professional registers list none either. CySEC, BaFin, the SEC and the CFTC record nothing for the brand, and the Comoros itself has no Tier-1 retail forex regime. Independent databases such as WikiFX have described ScoreCM as effectively unregulated and noted that the operation is young. Some aggregator pages also reference a Dominica FSU connection; Dominica’s Financial Services Unit publishes no retail-forex licensing statute.
CleaRank gave ScoreCM a Failed CLEAR™ score of 0.23 / 5, placing it in the severe-risk band alongside MTrading and Plexytrade. The most measurable concern comes straight from the Ahrefs data: 2,339 referring domains pointing at a site with 733 monthly organic visits, a pattern consistent with promotional link-building outpacing genuine search demand. Verify any broker’s current risk status using the CLEARCheck Broker Risk Scanner.
Broker Alert
Failed CLEAR™ Score: 0.2/5
- MISA licence T2023420 only — offshore Comoros
- No Tier-1 regulator (FCA, ASIC, CySEC, BaFin)
- WikiFX: described as effectively unregulated
- Dominica FSU reference — no retail-forex licensing
- 2,339 referring domains vs only 733 monthly organic
- Traffic to SA, Malaysia, Spain — no local
Customer Support0.3
Regulation0.2
Trade Execution0.3
Reputation0.2
Withdraw Speed0.2
CLEAR™ Score0.23
Customer Support0.3
Regulation0.2
Trade Execution0.3
Reputation0.2
Withdraw Speed0.2
CLEAR™ Score0.2
One Offshore Registry Entry, Zero Tier-1 Authorisations
ScoreCM’s entire disclosed regulatory record consists of a single entry: MISA licence T2023420. Everything else in this section is an absence. No Tier-1 regulator recognises the licence, no Tier-1 register lists the brand, and the one secondary reference that aggregator pages repeat, a Dominica FSU connection, points at an agency that publishes no retail-forex licensing statute.
MISA Licence T2023420: A Registry Entry, Not Tier-1 Oversight
The Mwali International Services Authority is an offshore registry associated with the island of Moheli (Mwali) in the Union of the Comoros. ScoreCM Ltd’s disclosed licence, number T2023420, was issued for trading in financial and commodity-based derivative instruments and other securities. That wording appears on the registry entry, not in any Tier-1 rulebook. A MISA entry carries no statutory client-money segregation requirement, no compensation scheme, and no conduct supervision comparable to a Tier-1 licence. The Comoros has no Tier-1 retail forex regime.
No Tier-1 Regulator Recognises MISA Authorisation
The Financial Conduct Authority register in the United Kingdom shows no authorisation for ScoreCM Ltd or Score Capital Markets. The Australian Securities and Investments Commission professional registers likewise list no licence for the brand. CySEC, BaFin, the SEC and the CFTC record nothing. None of the Tier-1 regulators recognises a MISA entry as authorisation to serve retail clients in its jurisdiction, which means a ScoreCM client in any Tier-1 country has no domestic regulator with jurisdiction over a dispute.
The Dominica FSU Reference
Some aggregator pages reference a Dominica Financial Services Unit connection for ScoreCM. Dominica’s Financial Services Unit publishes no retail-forex licensing statute, so even if the reference reflects a real corporate filing, it would not amount to retail forex authorisation. CleaRank attributes this reference to the aggregator pages that carry it; the broker’s own disclosure names only MISA licence T2023420.
ScoreCM Ltd: One Brand Behind One Offshore Registry Entry
ScoreCM Ltd operates scorecm.com under the brand names ScoreCM and Score Capital Markets. The registered office sits behind MISA licence T2023420 on Moheli, the island in the Union of the Comoros whose offshore registry issues MISA authorisations. The corporate stack is unusually shallow: one registry entry, one operating brand, no disclosed Tier-1 entity anywhere in the chain. Neither the FCA nor ASIC recognises a MISA entry as authorisation to serve retail clients, and independent databases such as WikiFX have described the operation as effectively unregulated and young. When the only address behind a brand is an offshore registry office, there is no Tier-1 supervisor to compel a response if a withdrawal dispute arises.
The ScoreCM Corporate Shell Map
One offshore Mwali registry entry, one brand, zero Tier-1 authorisations. MISA licence T2023420, Moheli, Union of the Comoros.
One offshore registry entry behind the brand. No Tier-1 regulator (FCA, ASIC, CySEC, BaFin, SEC, CFTC) recognises MISA authorisation.
Mwali International Services Authority (MISA)
Offshore registry associated with the island of Moheli (Mwali) in the Union of the Comoros. Issued licence T2023420 to ScoreCM Ltd for trading in financial and commodity-based derivative instruments and other securities. No Tier-1 regulator recognises MISA authorisation, and the Comoros has no Tier-1 retail forex regime.
Offshore registryRetail clients spread thin across emerging markets
733 organic monthly visits in June 2026. South Africa, Malaysia and Spain account for 374 combined visits per month, and the brand holds no local authorisation in any of them.
Ahrefs Audit: 2,339 Referring Domains, 733 Monthly Visits
Live data from the Ahrefs API for scorecm.com on 12 June 2026: Domain Rating 28 (Ahrefs Rank 4,638,533), 118 ranking organic keywords with 23 in the top three positions, 733 organic monthly visits valued at approximately $390 per month, and zero paid traffic. The backlink profile is the key finding: 8,258 backlinks from 2,339 referring domains point at a site whose entire organic footprint is 733 visits per month. That is roughly three referring domains for every monthly visitor, a pattern consistent with promotional link-building outpacing genuine search demand.
Country breakdown of those 733 organic monthly visits: South Africa 146 (no FSCA authorisation), Malaysia 115 (no SC Malaysia authorisation), Spain 113 (no CNMV authorisation), Nigeria 44, Argentina 44, India 35 (SEBI restrictions), Indonesia 24 (BAPPEBTI unauthorised), Kenya 24 (CMA Kenya unlicensed), Thailand 23 (Thai SEC restrictions), Pakistan 22 (SBP restrictions), Uruguay 20, Peru 19, United States 17 (no CFTC registration), Turkey 17. The top three jurisdictions, South Africa, Malaysia and Spain, account for 374 visits per month, more than half the total, and the brand holds no local authorisation in any of them.
The Smoking Gun: Three Referring Domains for Every Monthly Visitor
Ahrefs data from 12 June 2026 shows 2,339 referring domains pointing at scorecm.com, a site that receives 733 monthly organic visits. That is roughly three referring domains for every monthly visitor. Genuine consumer demand normally produces the opposite shape: traffic first, links second. When the link footprint runs this far ahead of search demand, the observable pattern is consistent with promotional link-building outpacing genuine interest in the brand. Combine that with the fact that the only licence behind the brand is an offshore Mwali registry entry that no Tier-1 regulator recognises, and the data gives retail traders no independently verifiable basis to trust the operation.
Pro Tip from CleaRank: Treat any broker whose country-level traffic contradicts its own restriction policy as if it has already failed regulation. CLEAR-certified Tier-1 brokers like IC Markets, Fusion Markets or Darwinex use real IP-blocking and KYC gates to enforce country restrictions because their Tier-1 licences require it.
Payment Rails: No Tier-1 Client-Money Rules Behind the Deposit Flow
ScoreCM advertises standard deposit options on its website, but CleaRank could not verify any Tier-1 regulated entity behind the payment flow. With only a Mwali registry entry behind the brand, no Tier-1 client-money rules apply: there is no statutory segregation requirement, no compensation scheme, and no Tier-1 regulator with jurisdiction over a withdrawal dispute. Traders who fund an account by Visa or Mastercard retain the card chargeback path, typically 120 to 180 days from the deposit date. Cryptocurrency deposits have no chargeback mechanism. Whatever rails the operator offers, the absence of Tier-1 oversight means every deposit ultimately relies on the operator’s own conduct.
Smart Pro Tip: If a broker only accepts crypto, mobile wallets, or local rails outside the Visa or Mastercard network, that is a structural sign the operator is trying to evade chargeback protection. Stick to Tier-1 brokers that take SEPA, Faster Payments, Visa, or Mastercard, and verify them with the CleaRank Broker Risk Scanner before depositing.
Customer Complaints: A Young Operation With a Thin Public Record
The public complaint record for ScoreCM is thin, and that is itself a data point rather than reassurance. Independent databases such as WikiFX describe ScoreCM as effectively unregulated and note that the operation is young. A young brand has simply not had time to accumulate the withdrawal-dispute record that older offshore operations carry. CleaRank’s methodology treats an unproven offshore operation with no Tier-1 oversight as unverified rather than clean: if a dispute does arise, there is no Tier-1 regulator with jurisdiction to compel a response, and the trader’s practical recourse narrows to the operator’s own goodwill or the card chargeback window.
Action Steps If You Are Already a ScoreCM Customer
Stop depositing immediately. Do not add another cent regardless of any bonus or recovery promise.
Preserve every record. Save deposit transaction hashes, MetaTrader account statements, chat logs, KYC submissions, every email and every screenshot.
File a chargeback fast if you deposited by Visa or Mastercard. The dispute window is typically 120 to 180 days from the deposit date.
Report the firm. UK: FCA Report an unauthorised firm. US: CFTC SmartCheck. Australia: ASIC. EU: your national regulator and ESMA.
Avoid recovery offers. Anyone offering guaranteed fund recovery for an up-front fee is a second-layer concern. Legitimate chargeback and regulator-complaint paths do not require an up-front fee.
Our Verdict for ScoreCM
ScoreCM’s 0.23 / 5 CLEAR Score reflects an operator whose entire disclosed regulatory record is a single offshore registry entry. MISA licence T2023420 from the Mwali International Services Authority on Moheli in the Union of the Comoros. No Tier-1 regulator (FCA, ASIC, CySEC, BaFin, SEC or CFTC) recognises MISA authorisation, and the Comoros has no Tier-1 retail forex regime. Independent databases (WikiFX) describe the brand as effectively unregulated and note that the operation is young. A Dominica FSU reference on aggregator pages points at an agency with no retail-forex licensing statute. And the Ahrefs data shows 2,339 referring domains pointing at a site with 733 monthly organic visits, a pattern consistent with promotional link-building outpacing genuine search demand.
Avoid ScoreCM. For real ECN execution under a Tier-1 regulator, use a CLEAR-certified broker such as IC Markets (ASIC), Fusion Markets (ASIC), or Darwinex (FCA). Verify any broker through the CleaRank Broker Risk Scanner before depositing.
ScoreCM FAQs
Is ScoreCM regulated?
No Tier-1 regulator oversees ScoreCM. The only licence the operator discloses is MISA licence T2023420 from the Mwali International Services Authority, an offshore registry associated with the island of Moheli (Mwali) in the Union of the Comoros. The FCA, ASIC, CySEC, BaFin, SEC and CFTC do not recognise MISA authorisation, and the Comoros has no Tier-1 retail forex regime.
Who operates ScoreCM?
ScoreCM operates as ScoreCM Ltd, a brand also written Score Capital Markets. Its disclosed licence is MISA licence T2023420, issued for trading in financial and commodity-based derivative instruments and other securities, with a registered office behind the Mwali (Moheli) registry in the Union of the Comoros.
What is the Mwali International Services Authority (MISA)?
MISA is an offshore registry associated with the island of Moheli (Mwali) in the Union of the Comoros. It issues licences to offshore companies, including the trading licence ScoreCM discloses. No Tier-1 regulator recognises MISA authorisation as a basis for serving retail forex clients, and a MISA entry carries no statutory client-money segregation or compensation scheme.
Is ScoreCM licensed in Dominica?
Some aggregator pages reference a Dominica FSU connection for ScoreCM. Dominica’s Financial Services Unit publishes no retail-forex licensing statute, so the reference, even if it reflects a real corporate filing, would not amount to retail forex authorisation. The broker’s own disclosure names only MISA licence T2023420.
Is ScoreCM safe?
With a 0.23 / 5 CLEAR Score, no Tier-1 oversight, and an offshore Mwali registry entry as its only disclosed licence, ScoreCM sits in the lowest risk band in the CLEAR methodology. No statutory client-money segregation or compensation scheme applies, and no Tier-1 regulator has jurisdiction over a withdrawal dispute.
Why does ScoreCM have so many backlinks?
Ahrefs data from 12 June 2026 shows 8,258 backlinks from 2,339 referring domains pointing at scorecm.com, against 733 monthly organic visits. That is roughly three referring domains for every monthly visitor, a pattern consistent with promotional link-building outpacing genuine search demand. CleaRank frames this as an observation from the Ahrefs data.
How do I report ScoreCM or recover funds?
If you are in the UK, report the firm to the FCA at fca.org.uk. In Australia, report to ASIC at asic.gov.au. In South Africa contact the FSCA, in Malaysia the Securities Commission Malaysia, and in Spain the CNMV. Preserve all transaction records, account statements and correspondence. If you deposited by Visa or Mastercard, contact your card issuer about a chargeback, noting the window is typically 120 to 180 days from the deposit date.
Disclaimer: This review documents the regulatory and compliance risks of an unregulated broker and is not financial advice. Always verify a broker’s licenses and seek professional guidance before trading.
Shaun David
I’ve spent majority of my life studying finance and building a successful career from analyzing market trends to spotting successful early adoptions in the crypto industry, and I’ve come to realize I’m not purely analyzing numbers, but the psychology and sentiment of the crowd. As one of CleaRank’s earliest team members I take a hands on approach and personally test brokers by opening real money accounts, executing trades, and stress testing their customer service. Throughout my career I’ve built trading algorithms, managed long term investment portfolios, and helped traders avoid shady brokers before they even knew they were at risk. Whether it’s uncovering hidden fees, evaluating regulatory loopholes, or optimizing trading strategies, I live and breathe the financial markets.