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
Belize
2011
CySEC 185/12
FCA (UK) 777911
FSC (Mauritius) C113012295
FSCA (South Africa) 46614
1:2000 $10 Review
Hantec Markets
Australia
2009
FCA (UK) 502635
FSC (Mauritius) C114013940
Jordan Securities Commission 51905
1:30 $1000 Review
HotForex
Cyprus
2010
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
1:1000 $5 Review
FXDD
Malta
2002
FSC (Mauritius) C117017252
MFSA IS/48817
1:30 $250 Review
BDSwiss
Cyprus
2012
CySEC 199/13
FSA (Seychelles) SD047
FSC (Mauritius) C116016172
1:400 $100 Review
Swiss Markets
Cyprus
2016
CySEC 199/13
FSC (Mauritius) C116016172
1:500 $200 Review
Capital Street FX
Bulgaria
2012
FSC (Mauritius) C112010690 1:3500 $100 Review
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