List of Broker with FSC MAURITIUS Regulation
Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by Federal laws have made it quite challenging for forex companies to operate in the US. Presently, only three brokers still operate in the US forex market: Oanda, GAIN Capital LLC, and TD Ameritrade.
Below you will find a list of Forex Brokers accepting US traders as clients.
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Score | Broker | Regulation | Payment | Min Deposit | Max Leverage |
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If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
Why do brokers choose FSC Mauritius license?
The biggest pull factor for a forex brokerage company to get a Mauritius FSC license is the fact that it is a lot cheaper when compared to a European forex license. Unlike other jurisdictions, the FSC Mauritius allows forex brokers to offer higher leverage.
Mauritius is one of the few places that enforce the lowest tax obligation, which makes it attractive for many forex businesses to conduct the financial transaction in this jurisdiction. The other reason forex brokers choose Mauritius is that because it is not a blacklisted country.
Continue Reading at 3 FSC Forex Regulations That You Should Know
Financial Services Commission Mauritius is the primary non-bank financial services regulator based in Mauritius. The FSC itself was first established in 2001 and later on was mandated under the Mauritius Financial services act of 2007. The main activities of FSC Mauritius are to license, regulate, and monitor the non-bank financial services activity conducted on the island.
Continue Reading at 3 FSC Forex Regulations That You Should Know
What should we do if the broker's regulation is still "in process"?
Some brokers might claim that they are in the process of applying for a license or a license extension. But in reality, not all brokers are true to their words. Some of them don't actually apply for any license and only use those words to steal the clients' funds. Even if the license is indeed "in the process", the broker's still unregulated during that time.
Continue Reading at Forex Regulation Insights: Defining Your Broker's Status
What are the areas of PRA's regulation?
According to the PRA rulebook, there are 3 areas of the PRA regulations. Firms must comply with the regulations depending on which classification they fall into.
- Banking and Investment Rules: for CRR firms (banks, building societies, or investment firms subject to the EU Capital Requirements Regulation) and non-CRR firms (credit unions, building societies, or PRA-designated investment firms not subject to the EU CRR).
- Insurance Rules: for SII firms (insurance firms subject to the Solvency II Directive) and non-SII firms.
- Other rules: for non-authorized persons (persons or firms not authorized by the PRA).
Continue Reading at What are the Top UK Financial Regulators?
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