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
Hantec Markets
FCA (UK) 502635
FSC (Mauritius), C114013940
Jordan Securities Commission, 51905
1:30 $1000 Review
Capital Markets Authority of Kenya 30/05/2022
CySEC, 178/12
FCA (UK), 730729
FSA (Seychelles), SD025
FSC (BVI), SIBA/L/20/1133
FSC (Mauritius), 176967
FSCA (South Africa), 51024
The Financial Commission, 22.07.2021
1:2000 $1 Review
Capital Markets Authority of Kenya, 26/01/2022
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), 466
1:1000 $5 Review
BaFin HRB 160749B
CFTC/NFA, 0486419
CySEC, 199/13
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
1:400 $100 Review
CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
1:2000 $10 Review
FSC (Mauritius) C117017252
MFSA, IS/48817
1:30 $250 Review
Cayman Islands Monetary Authority 1444866
CNMV (Spain), 4256
CySEC, 301/16
FSA (Seychelles), SD036
FSC (Mauritius), GB20025770
1:500 $100 Review
CySEC, 268/15
FSC (Mauritius), C118023678
1:30 $500 Review
CMS Prime
United Arab Emirates
FSA (St. Vincent & the Grenadines), 24495 IBC 2018
FSC (Mauritius), GB19024331
Vanuatu Financial Services Commission, 40437
1:500 $500 Review
United Kingdom
FCA (UK), 501057
FSC (Mauritius), GB20025832
1:30 $100 Review
Capital Street FX
FSC (Mauritius), C112010690
1:3500 $100 Review
Swiss Markets
CySEC, 199/13
FSA (Seychelles), SD047
FSC (Mauritius), C116016172
1:500 $200 Review
FSC (Mauritius), GB19024824
Vanuatu Financial Services Commission 40209
1:1000 $10 Review
United Kingdom
FCA (UK), 802012
FSA (Labuan) MB/20/0051
FSC (Mauritius), C118023323
1:30 $500 Review
FSC (Mauritius), GB21026376
IFSC (Belize) 000122/15
1:777 $10 Review
Key to Markets
United Kingdom
FCA (UK), 527809
FSC (Mauritius), GB19024503
FSP (New Zealand) FSP296226
1:500 $100 Review


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.

Search Other Brokers