Mauritius Forex Brokers

Mauritius is a popular financial offshore zone attracting various firms that for one reason or another decided to escape from serious regulation or compliance to international service providing.

Mauritius Forex Trading Platform

Forex trading is legal in Mauritius, with platforms being overseen by one of the most renowned offshore regulatory bodies in the sector. When selecting a forex trading platform, ensure that its offerings are in compliance with the established regulatory guidelines.

  • The Financial Services Commission (FSC) is the regulatory body responsible for non-banking financial services in Mauritius.
  • Forex brokers must obtain regulation from the local governing body to operate, and fortunately, all our brokers included in this list are trustworthy
  • While brokers in Mauritius are typically regulated offshore, it’s suggested not to select a broker solely based on this kind of regulation. Many leading brokers opt for this to cater to a global audience but also maintain top-tier regulations concurrently, such as those provided by BaFin, ASIC, and FCA, among others.

For further information on Forex Trading follow Wikipedia article link.

Mauritius Trading ProsMauritius Trading Cons
Access to Global MarketOffshore zone
Trading bonusesLack of Comprehensive trading protection or compensations
High LeveragePossible frauds and scams
Lower tax structureLimited local market
Growing financial hub

Forex regulation in Mauritius

Forex brokers in Mauritius are regulated by the Financial Services Commission (FSC). It is a regulatory authority responsible for the regulation, supervision, and inspection of all financial services other than banking institutions and global business in Mauritius.

You can check FSC official website following this link or follow them on Twitter for regulatory updates.

Read some of our notes regarding Mauritius regulation and guidelines for secure trade in Mauritius:

  • Broker operating in Mauritius are required to obtain FSC license, however, these requirements are looser as compared to other reputable regulators.
  • The capital requirement for acquiring Mauritius Forex license is around $25,000, which is clearly not a big amount to pay. This means brokers who don’t want to pay or don’t have higher capital will look for an offshore license.
  • Loose regulations and minimal requirements open the door to dishonest brokers. In the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments.
  • Even though Mauritius brokers are regulated (offshore), traders should avoid the ones that only hold this type of regulation. A lot of respected brokers regulated with FCA or CySEC use their international entities to offer their services globally
  • Since Mauritius regulatory framework is more lenient than in the EU it comes with  benefits in the form of higher leverage up to 1:500 and bonus offers, however, keep in mind that this entity doesn’t offer negative balance protection on compensation scheme.
  • if you are just starting out, we recommend choosing a top forex broker with great demo account to gain valuable experience, moreover, many reputable brokers offer educational resources to hone your trading skills (e.g. Trading 212)

For further information read Wikipedia about FSC Mauritius.

mauritius_fsc

Top 5 Best Forex Brokers in Mauritius

Here are out Top 5 Regulated Forex Brokers that are regulated in Mauritius with additional top-tier licenses. These brokers come highly recommended for safe investment and are ranked based on specific criteria and their Trust Scores:

  • HFM — Best Overall Broker in Mauritius 2024
  • BDSwiss — Best Broker for Beginners in Mauritius 2024
  • GO Markets — Best Broker for Beginners in Mauritius 2024
  • FXTM — Lowest Spread Broker in Mauritius 2024
  • JustMarkets — Best for Scalping and EA Trading 2024

Is Mauritius broker safe?

Since Mauritius is an offshore zone we do not recommend trading with solely Mauritius brokers, In case the trader prefers trading with an international entity it is better to choose a broker with additional licenses like FCA or ASIC and open an account under Mauritius entity.

Mauritius Forex Brokers List

Here’s our comprehensive list of forex brokers regulated in Mauritius that cater to international traders or accept Mauritius traders through other international entities. We advise opting for brokers that also possess other top-tier licenses:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
KCM Trade Review KCM Trade
Min. Deposit: 500 US
Max. Leverage: 1:400
Trading Platforms: MT4, MT5, KCM Trade WebTrader
Regulation: ASIC, FSA
KCM Trade Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review