List of Brokers with FSC (Mauritius) Regulation
Established in 2011, the Financial Services Commission, Mauritius (FSC) is the integrated regulator for the non-banking financial services and Global Business sector in Mauritius. FSC Mauritius has the mandate to license, monitor, and oversee the conduct of business activities in line with international standard legal frameworks. They also have the vision to become a globally recognized financial supervisor as well as to make Mauritius a healthy and competitive financial services center.
Established | : | 2001 |
Country | : | Mauritius |
Website | : | https://www.fscmauritius.org/en |
Total Brokers | : | 29 |
Scroll for more details
FAQ
What does FSC regulated mean?
Being regulated by FSC (Financial Services Commission) of Mauritius means operating under the standards of a Mauritian financial regulator. Established in 2001, the agency was mandated under the Mauritius Financial services act of 2007.
What are FSC rules?
To obtain a forex broker license in Mauritius, the firm must establish an offline presence on the island. Following inspections and due diligence, license to operate and conduct the online forex trading activities will then be granted.
The FSC Mauritius does not impose high corporate tax and minimum capital requirement. It allows forex brokers to offer competitive trading conditions such as low starting deposit and higher leverage.
What is the main purpose of FSC?
To keep a steady balance between regulatory measures and business development in all of its aspects. FSC makes sure that all activities of its members are above board and the code of conduct is observed in their business dealings in terms of fairness, efficiency, and transparency.
Other responsibilities include preventing fraud and money laundering by enforcing an Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework in conjunction with international standards, monitoring members' financial status, the legitimacy of their activities, encouraging the public interest and confidence in the financial system, and keeping the reputation of Mauritius as an international financial center.
What are the powers of FSC?
The FSC has the power over financial institutions, forex brokerage companies, capital markets, and even individual traders in Mauritius. The agency is tasked to ensure that all operating sides are fair, efficient, and transparent in their dealings for the sake of Mauritius' economy's stability and prosperity.
FSC protects its members against any malpractice that step outside the parameters of the law. Under the Anti-Corruption Commitment by the ICAC, the institution is always ready to take the necessary precautions such as educating the employees, providing awareness to the public, regular evaluations, and constant monitoring to prevent corruption in the financial sector.
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.
Who regulates forex trading in Singapore, and what are the key features?
The Monetary Authority of Singapore (MAS) is the regulatory authority overseeing forex trading in Singapore. Singapore's regulatory framework allows leverage up to 1:500 and covers a wide range of forex pairs and cryptocurrencies.
Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know
What are the regulations for offline forex trading in Nigeria?
The foreign exchange transaction activity in the offline market is supported by law. Some of these include the Central Bank of Nigeria Act of 1958, the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act of 1995, the Exchange Control Act of 1962, the Banks and Other Financial Institutions Act of 2007, and the Investments and Securities Act of 2007.
Continue Reading at Is It Safe to Trade Forex in Nigeria?
How is the forex regulation in South Africa?
African countries are forex-friendly, but naturally, there are minor restrictions from the government. Forex brokers must hold a license before running their business in any of these countries. The status of forex trading in these countries is still unclear; it is not yet legalized but not against the law.
The South African Financial Sector Conduct Authority (FSCA), previously known as Financial Services Board (FSB), is one of the most well-known forex regulatory bodies.
Continue Reading at Is Forex Trading Legal in Africa?
What are some of the best offshore trading regulations?
Here are some of the best offshore trading regulations which attract forex traders worldwide:
- Tax Benefits: By offshore forex trading, a trader can be exempt from paying taxes in their country of residence.
- High Leverage: Offshore brokers are not being strictly controlled by their financial authorities. Due to this, they're able to offer riskier leverages up to even 1000:1 in order to attract more clients to invest with them.
- Assets Availability: Most countries have banned quite a few financial assets like cryptocurrency due to how volatile it is. Offshore forex trading is therefore extremely popular as traders don't have to worry about some assets not being available to them for trading.
Continue Reading at Your Simple Guide to Offshore Trading
Regulation
Broker Categories
Forex Broker Articles
- What Does VFSC Regulation Mean for Forex Brokers?
- 3 FSC Forex Regulations That You Should Know
- The Regulation of FSC Forex Brokers in Gibraltar
- FX Regulation: Unveiling The Dark Sides of the Restrictions
- 6 Best Forex Broker Regulators in the World
- Discovering Seychelles Regulation for Forex Brokers
- FSC Regulated Forex Brokers with the Lowest Spread
- FSC Regulated Forex Brokers with the Lowest Deposit
- FSC Regulated Forex Brokers with the Highest Leverage
Other Articles
- How to Determine Trend Direction with Candle Wicks
- How to Invest in Crypto with Gate.io Periodic Investment Plan
- How Regulations Are Shaping Forex Trading in Saudi Arabia
- A Pepperstone Guide to Choose MT4, MT5, or cTrader
- Cut Your Trading Costs 50 Percent with Exness Dollar Rewards
- Forex Scams in Singapore and How to Avoid Them