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 Max Leverage Min Deposit
Hantec Markets
Australia 2009

  • FCA (UK) 502635
  • FSC (Mauritius)
  • Jordan Securities Commission
1:30 $1000 Review
Exness
Cyprus 2008

  • Capital Markets Authority of Kenya
  • CySEC 178/12
  • FCA (UK)
  • FSA (Seychelles)
  • FSC (BVI)
  • FSC (Mauritius)
  • FSCA (South Africa)
  • The Financial Commission
1:2000 $1 Review
HF Markets
Cyprus 2010

  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai) F004885
  • FCA (UK)
  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • FSCA (South Africa)
1:1000 $5 Review
FXTM
Belize 2011

1:2000 $10 Review
BDSwiss
Cyprus 2012

  • BaFin HRB 160749B
  • CFTC/NFA
  • CySEC
  • FSA (Seychelles)
  • FSC (Mauritius)
1:400 $100 Review
Axiory
Belize 2011

1:777 $10 Review
FXDD
Malta 2002

1:30 $250 Review
Key to Markets
United Kingdom 2010
1:500 $100 Review
VARIANSE
United Kingdom 2015
1:30 $500 Review
Fortrade
United Kingdom 2013
  • ASIC 493520
  • CySEC
  • FCA (UK)
  • FSC (Mauritius)
  • IIROC
  • NBRB (Belarus)
1:100 $500 Review
Swiss Markets
Cyprus 2016
  • CySEC
  • FSA (Seychelles)
  • FSC (Mauritius)
1:500 $200 Review
Capital Street FX
Bulgaria 2012
  • FSC (Mauritius)
1:3500 $100 Review
INFINOX
United Kingdom 2009
  • FCA (UK)
  • FSC (Mauritius)
1:30 $100 Review
CMS Prime
United Arab Emirates 2004
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • Vanuatu Financial Services Commission
1:500 $500 Review
TrioMarkets
Cyprus 2014
  • CySEC
  • FSC (Mauritius)
1:30 $250 Review
Axiance
Cyprus 2015
1:500 $100 Review
Emd Broker
Georgia 2020
  • FSC (Mauritius)
1:300 $100 Review
Tifia
Indonesia 2011
1:1000 $10 Review
HotForex
Cyprus 2010
  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • FSCA (South Africa) 466
1:1000 $5 Review



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.

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