FSC Regulated Forex Brokers
The Financial Services Commission in Mauritius is one of forex brokers' regulatory agencies from an offshore jurisdiction. Established in 2001, it was mandated under the Mauritius Financial services act of 2007. There are several forex brokers licensed under FSC Mauritius and they accept clients from many countries as the agency does not limit their brokers' operations area.
Similar to many offshore regulatory agencies, FSC Mauritius is attractive to a lot of forex brokers as the license is a much cheaper compared to other European forex license. The tax is only 3% and the main condition to be regulated under this agency is to have an offline representative in Mauritius; which is actually quite favorable to some brokers as the country is located near Europe. FSC Mauritius also allows the offering of higher leverage that benefits clients with small amount of deposits.
However, it is also important to note that an FSC license does not ensure segregated account, so the safety of the clients' funds is not highly guaranteed. Clients are recommended to do their due diligence when dealing with a forex broker that is only regulated by FSC Mauritius.
In terms of reputation, FSC Mauritius is known to be quite stringent and put a stress to the importance of conducting brokerage operations in a transparent manner. There are cases when it has issued several warnings to FSC licensed brokers, proving its reliability despite its status as an offshore regulatory agency.
|Broker||Regulation||Max Leverage||Min Deposit||General Rating|
| FXTM |
| CySEC 185/12 |
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
| Hantec Markets |
| FCA (UK) 502635 |
FSC (Mauritius), C114013940
Jordan Securities Commission, 51905
| HotForex |
|CySEC, 183/12 |
DFSA (Dubai) F004885
FCA (UK), 801701
FSA (Seychelles), 8419176-1
FSA (St. Vincent & the Grenadines), 22747
FSC (Mauritius), 094286
FSCA (South Africa), 46632
| FXDD |
| FSC (Mauritius) C117017252 |
| BDSwiss |
| BaFin HRB 160749B |
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
| Tifia |
|FSC (Mauritius), GB19024824 |
Ministry of Finance and Economic Management (Vanuatu) 40209
| Swiss Markets |
|CySEC, 199/13 |
FSC (Mauritius), C116016172
| Capital Street FX |
|FSC (Mauritius), C112010690 ||1:3500||$100||Review|
| CMS Prime |
United Arab Emirates
| FSA (St. Vincent & the Grenadines) 24495 IBC 2018 |
FSC (Mauritius), GB19024331
Vanuatu Financial Services Commission, 40437
| TrioMarkets |
|CySEC, 268/15 |
FSC (Mauritius), C118023678
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.
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