Mauritius
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Mauritius sits between the lightest offshore regimes and European supervision, with real substance requirements. The brokers below are licensed here or serve traders in Mauritius.
Brokers in Mauritius
Orbex
A forex and CFD broker regulated by CySEC in Cyprus, with an offshore Mauritius entity, four account types, copy trading, and Islamic accounts.
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
Swiss Markets
Swiss Markets is an offshore forex broker offering Islamic and segregated accounts, ECN-style pricing, scalping, and an affiliate program across a wide range of trading instruments.
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
FXDD
FXDD is a Malta-based forex and CFD broker offering Standard and ECN accounts on MT4 and MT5, with copy trading, Islamic accounts, and a $100 minimum deposit.
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
ABinvesting
ABinvesting is an FSC-regulated (Mauritius) forex and CFD broker offering MT4 trading and Islamic accounts, though it is closed to US clients.
- Trust score
- 2/10
- Legal simplicity
- 2/10
- Min. deposit
- 250
Forex.com
Forex.com is a StoneX-owned broker regulated by the FCA, ASIC, CFTC/NFA, IIROC, FSA, and CIMA, offering MT4, DMA, and proprietary-platform accounts from a $100 minimum deposit.
- Trust score
- 9/10
- Legal simplicity
- 2/10
- Min. deposit
- 100
AvaTrade
AvaTrade is a globally regulated forex and CFD broker offering copy trading, Islamic accounts, and segregated funds, backed by free seminars and daily market analysis.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 100
easyMarkets
easyMarkets pairs a low $25 minimum deposit and Islamic accounts with seminars, daily analyst commentary, and an affiliate program.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 25
Amarkets
AMarkets is an international forex, metals, and CFD broker offering ECN and PAMM accounts, Islamic accounts, and a low minimum deposit.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 0
FP Markets
FP Markets is an ASIC- and CySEC-regulated ECN/DMA broker offering MT4, MT5, and IRESS, with a $100 minimum deposit and PAMM/MAM account options.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 100
CMC Markets
Seminars and training, daily analyst insight, a low initial deposit, Islamic and segregated accounts, and a wide range of trading instruments.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 0
Mauritius occupies a middle position in the offshore spectrum. Its Financial Services Commission licenses forex brokers as Investment Dealers, usually inside a Global Business Company structure, under requirements meaningfully heavier than Vanuatu or Saint Vincent and meaningfully lighter than the European Union.
What the licence requires
An Investment Dealer must maintain stated minimum capital, appoint at least two resident directors, use a licensed management company, hold board meetings in Mauritius and file audited accounts. Those substance requirements are not decorative — Mauritius rebuilt them after being placed on the FATF grey list in 2020 and removed from it in October 2021, and the FSC applies them with that history in view.
Client money segregation is required and the FSC conducts inspections and publishes enforcement decisions.
Leverage and protections
There is no statutory leverage cap. Mauritian entities typically offer more than European rules permit and less than the 1000:1 seen from the lightest jurisdictions. Client classification and suitability testing are not required in the MiFID sense, and negative balance protection is contractual rather than statutory. There is no investor compensation scheme.
Trading from Mauritius
Residents can open accounts with local and international brokers. The country's financial sector is developed by regional standards, with a functioning commercial court system and a body of financial services case law — which makes it a more navigable jurisdiction for a substantial claim than most offshore centres, even though the cost still exceeds a retail balance.
What to check
Confirm the licence category actually covers dealing in securities or derivatives. An Investment Adviser licence does not authorise a firm to be your counterparty, and the two are easy to confuse when a website simply says "FSC regulated". Note also that FSC is an acronym shared with the commissions of Belize and the British Virgin Islands — ProForexBrokers.com lists them separately because they are separate regulators with different requirements.
Forex brokers and the Mauritius licence
How does a Mauritius licence compare with Seychelles or Vanuatu?
Mauritius imposes heavier substance requirements — resident directors, a licensed management company, local board meetings and audited accounts — and has a working commercial court system. It still has no leverage cap and no investor compensation scheme.
What is an Investment Dealer licence?
The FSC category that authorises a firm to deal in securities and derivatives, usually as a Full Service Dealer. An Investment Adviser licence does not authorise a firm to act as your counterparty, so check the category rather than the phrase 'FSC regulated'.
Is my money protected with a Mauritius broker?
Client fund segregation is required and enforced, but there is no compensation scheme. Recovery in a failure depends on segregation having been correctly maintained and on Mauritian insolvency proceedings.
Can residents of Mauritius trade forex?
Yes, with local and international brokers. The domestic financial sector is developed by regional standards, and local banking rails make funding straightforward.