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The Financial Services Commission, Mauritius (the 'FSC') is the integrated regulator for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

FSC

Regulated
EC markets
10-15 years
Regulated in Australia
Regulated in United Kingdom
Regulated in New Zealand
Regulated in South Africa
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
9.24
Score
Regulated
XM
15-20 years
Regulated in Australia
Regulated in Cyprus
Regulated in United Arab Emirates
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
9.10
Score
Regulated
Exness
10-15 years
Regulated in United Kingdom
Regulated in Cyprus
Regulated in South Africa
Regulated in Seychelles
Market Making License (MM)
Forex Trading License (EP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
8.99
Score
Regulated
fpmarkets
Above 20 years
Regulated in Australia
Regulated in Cyprus
Market Making License (MM)
Derivatives Trading License (STP)
MT4 Full License
MT5 Full License
cTrader
Self-developed
Global Business
8.88
Score
Regulated
VT Markets
10-15 years
Regulated in Australia
Regulated in South Africa
Market Making License (MM)
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
8.68
Score
Regulated
HANTEC MARKETS
15-20 years
Regulated in United Kingdom
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
8.63
Score
Regulated
MiTRADE
10-15 years
Regulated in Australia
Regulated in Cyprus
Regulated in South Africa
Market Making License (MM)
Derivatives Trading License (EP)
Self-developed
Global Business
8.61
Score
Regulated
STARTRADER
10-15 years
Regulated in Australia
Regulated in South Africa
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
8.57
Score
Regulated
TMGM
10-15 years
Regulated in Australia
Regulated in Vanuatu
Market Making License (MM)
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
8.55
Score
Regulated
PU Prime
5-10 years
Regulated in Australia
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
8.46
Score
Regulated
ETO Markets
10-15 years
Regulated in Australia
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
Global Business
Medium potential risk
Offshore Regulated
8.45
Score
Regulated
LIRUNEX
5-10 years
Regulated in Cyprus
Regulated in Malaysia
Forex Execution License (STP)
Forex Transmission License (RTO)
MT4 Full License
MT5 Full License
Self-developed
8.09
Score
Regulated
Valetax
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
8.05
Score
Regulated
ATFX
10-15 years
Regulated in Australia
Regulated in Hong Kong
Regulated in United Kingdom
Regulated in Cyprus
Regulated in Cambodia
Regulated in South Africa
Regulated in Seychelles
Market Making License (MM)
Inst Market Making (MM)
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
High potential risk
Offshore Regulated
7.99
Score
Regulated
HFM
10-15 years
Regulated in United Kingdom
Regulated in United Arab Emirates
Regulated in South Africa
Regulated in Seychelles
Forex Execution License (STP)
Derivatives Trading License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
7.90
Score
Regulated
Trive
10-15 years
Regulated in Australia
Regulated in Malta
Regulated in South Africa
Regulated in The Virgin Islands
Forex Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
High potential risk
Offshore Regulated
7.84
Score
Regulated
KCM Trade
5-10 years
Forex Execution License (STP)
MT4 Full License
MT5 Full License
Self-developed
7.79
Score
Regulated
AUS GLOBAL
10-15 years
Regulated in Cyprus
Regulated in South Africa
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
cTrader
Self-developed
Global Business
7.61
Score
Regulated
Blueberry Markets
5-10 years
Regulated in Australia
Market Making License (MM)
Forex Execution License (STP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
High potential risk
7.55
Score
Regulated
OEXN
5-10 years
Regulated in Cyprus
Market Making License (MM)
MT4 Full License
White label MT5
Global Business
Medium potential risk
7.50
Score
Regulated
Ultima
5-10 years
Regulated in United Kingdom
Regulated in South Africa
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Regional Brokers
7.47
Score
Regulated
CXM
10-15 years
Regulated in United Kingdom
Regulated in Mauritius
Regulated in Seychelles
Inst Market Making (MM)
Securities Trading License (EP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Regional Brokers
7.45
Score
Domestic Regulation
CentFX
2-5 years
Regulated in Mauritius
Regulated in United States
Securities Trading License (EP)
Currency Exchange License (MSB)
MT5 Full License
Self-developed
Regional Brokers
Offshore Regulated
7.44
Score
Regulated
VARIANSE
5-10 years
Regulated in United Kingdom
Forex Execution License (STP)
White label MT4
cTrader
7.39
Score
Regulated
AETRAM
2-5 years
Regulated in India
Regulated in United Arab Emirates
Forex Trading License (AGN)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
7.30
Score
Regulated
CapitalXtend
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Offshore Regulated
7.25
Score
Regulated
TITAN FX
5-10 years
Regulated in Mauritius
Regulated in Vanuatu
Regulated in Seychelles
Securities Trading License (EP)
Forex Trading License (EP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
Offshore Regulated
7.18
Score
Regulated
MEGA FUSION
5-10 years
Regulated in Australia
Regulated in South Africa
Regulated in Mauritius
Inst Forex Execution (STP)
Derivatives Trading License (EP)
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Regional Brokers
Offshore Regulated
7.13
Score
Regulated
MONETA MARKETS
5-10 years
Regulated in United Kingdom
Regulated in South Africa
Regulated in Seychelles
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
High potential risk
Offshore Regulated
7.10
Score
Regulated
MH Markets
5-10 years
Regulated in Australia
Forex Execution License (STP)
MT4 Full License
MT5 Full License
7.08
Score
Regulated
Amillex
2-5 years
Regulated in Australia
Regulated in Mauritius
Inst Forex Execution (STP)
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Regional Brokers
Offshore Regulated
6.90
Score
Regulated
AURUM MARKETS
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
White label MT5
Global Business
Offshore Regulated
6.80
Score
Domestic Regulation
FINSAI TRADE
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
cTrader
Regional Brokers
Offshore Regulated
6.78
Score
Regulated
SPEC TRADING
1-2 years
Regulated in Australia
Regulated in South Africa
Inst Forex Execution (STP)
Derivatives Trading License (EP)
MT5 Full License
Regional Brokers
6.64
Score
Regulated
EBC
5-10 years
Regulated in Australia
Regulated in United Kingdom
Regulated in South Africa
Regulated in Cayman Islands
Forex Execution License (STP)
Inst Forex Execution (STP)
Forex Trading License (EP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
High potential risk
Offshore Regulated
6.62
Score
Regulated
AIPRIME
1-2 years
Regulated in Australia
Forex Execution License (STP)
MT4 Full License
MT5 Full License
Global Business
6.62
Score
Regulated
Orbex
15-20 years
Regulated in Cyprus
Regulated in Seychelles
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
High potential risk
Offshore Regulated
6.55
Score
Regulated
FXTM
10-15 years
Regulated in United Kingdom
Regulated in South Africa
Regulated in Mauritius
Regulated in Kenya
Derivatives Trading License (EP)
Securities Trading License (EP)
Forex Execution License (STP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
High potential risk
Offshore Regulated
6.54
Score
Regulated
PRIMEXBT
5-10 years
Regulated in South Africa
Regulated in Seychelles
Derivatives Trading License (EP)
MT5 Full License
Self-developed
Global Business
Medium potential risk
Offshore Regulated
6.45
Score
Regulated
GODO
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
White label MT4
cTrader
Self-developed
Offshore Regulated
6.31
Score
Regulated
YWO
1-2 years
Regulated in South Africa
Regulated in Comoros
Derivatives Trading License (EP)
Forex Trading License (EP)
MT5 Full License
Global Business
Offshore Regulated
6.24
Score
Regulated
cginvest
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
Offshore Regulated
6.17
Score
Regulated
GCC BROKERS
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
6.16
Score
Regulated
IMPERIAL
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Global Business
Offshore Regulated
6.16
Score
Regulated
B2BROKER
5-10 years
Regulated in Malaysia
Regulated in Cyprus
Regulated in South Africa
Regulated in United Arab Emirates
Regulated in Seychelles
Market Making License (MM)
Forex Trading License (EP)
Derivatives Trading License (MM)
Derivatives Trading License (EP)
cTrader
Self-developed
Regional Brokers
High potential risk
Offshore Regulated
6.15
Score
Regulated
FastOne
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
Offshore Regulated
6.14
Score
Regulated
PRIMEX
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Self-developed
Global Business
Offshore Regulated
6.12
Score
Regulated
Fiper
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
cTrader
Offshore Regulated
6.11
Score
Regulated
GFX Securities
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
6.10
Score
Regulated
GivTrade
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
6.09
Score
Regulated
IUX
5-10 years
Regulated in Australia
Regulated in South Africa
Forex Execution License (STP)
Forex Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
High potential risk
6.08
Score
Regulated
Scope Markets
5-10 years
Regulated in Cyprus
Regulated in South Africa
Regulated in Seychelles
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
High potential risk
Offshore Regulated
6.06
Score
Offshore Regulated
inveslo
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
Offshore Regulated
6.04
Score
Regulated
Crib Markets
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
6.01
Score
Regulated
Fintrix Markets
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
White label MT4
Regional Brokers
Offshore Regulated
6.01
Score
Regulated
JKV
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
6.00
Score
Regulated
BtcDana
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
Offshore Regulated
5.99
Score
Regulated
stonefort
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Self-developed
Global Business
Offshore Regulated
5.95
Score
Regulated
YaMarkets
5-10 years
Regulated in South Africa
Regulated in Mauritius
Derivatives Trading License (EP)
Securities Trading License (EP)
MT5 Full License
Self-developed
Regional Brokers
High potential risk
Offshore Regulated
5.86
Score
Regulated
TAG MARKETS
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
5.85
Score
Regulated
MY MAA MARKETS
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
5.85
Score
Regulated
Skyriss
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
5.85
Score
Regulated
Markets4you
15-20 years
Regulated in Mauritius
Regulated in The Virgin Islands
Securities Trading License (EP)
Market Making License (MM)
Self-developed
MT5 Full License
MT4 Full License
High potential risk
Offshore Regulated
5.80
Score
Regulated
Versus Trade
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Offshore Regulated
5.80
Score
Regulated
Giraffe Markets
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
5.76
Score
Regulated
UltraTFX
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
White label MT5
Regional Brokers
Offshore Regulated
5.74
Score
Regulated
AccuIndex
5-10 years
Regulated in Cyprus
Forex Execution License (STP)
MT5 Full License
Self-developed
Regional Brokers
High potential risk
5.72
Score
Regulated
Xelans MARKETS
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Global Business
Offshore Regulated
5.72
Score
Regulated
PROREX LIMITED
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
Offshore Regulated
5.69
Score
Regulated
INTERTRADER
10-15 years
Regulated in Gibraltar
Market Making License (MM)
MT4 Full License
Global Business
High potential risk
5.68
Score
Regulated
SaracenMarkets
5-10 years
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Regional Brokers
5.54
Score
Regulated
doto
5-10 years
Regulated in South Africa
Regulated in Cyprus
Regulated in Seychelles
Forex Trading License (EP)
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
High potential risk
Offshore Regulated
5.46
Score
Regulated
24 markets.com
2-5 years
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Regional Brokers
Medium potential risk
5.37
Score
Regulated
LHFX
1-2 years
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Regional Brokers
5.22
Score
Regulated
XS
2-5 years
Regulated in Australia
Regulated in South Africa
Regulated in Seychelles
Inst Forex Execution (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
High potential risk
Offshore Regulated
5.21
Score
Regulated
XTREME MARKETS
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
High potential risk
Offshore Regulated
5.11
Score
Regulated
DOMINION MARKETS
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
cTrader
High potential risk
Offshore Regulated
5.09
Score
Offshore Regulated
LUXREN CAPITAL
1-2 years
Regulated in Mauritius
Securities Trading License (EP)
Self-developed
Suspicious Scope of Business
Offshore Regulated
5.05
Score
Regulated
SIMPLEFX
5-10 years
Regulated in South Africa
Derivatives Trading License (EP)
Self-developed
Regional Brokers
Medium potential risk
4.91
Score
Regulated
BitDelta Pro
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Global Business
High potential risk
Offshore Regulated
4.90
Score
Regulated
SKYLINE TRADING
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
High potential risk
Offshore Regulated
4.78
Score
Offshore Regulated
ThreeTrader
5-10 years
Regulated in Vanuatu
Forex Trading License (EP)
MT4 Full License
MT5 Full License
Medium potential risk
Offshore Regulated
4.55
Score
Regulated
MAKE CAPITAL
5-10 years
Regulated in South Africa
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Regional Brokers
4.50
Score
Regulated
ICM.com
5-10 years
Regulated in United Arab Emirates
Regulated in South Africa
Regulated in Seychelles
Forex Execution License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
High potential risk
Offshore Regulated
4.20
Score
Regulated
Land Prime
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
High potential risk
Offshore Regulated
4.02
Score
Regulated
JustMarkets
2-5 years
Regulated in Cyprus
Regulated in South Africa
Regulated in Seychelles
Regulated in The Virgin Islands
Derivatives Trading License (STP)
Derivatives Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
High potential risk
Offshore Regulated
3.94
Score
Regulated
Wisuno
5-10 years
Regulated in Cyprus
Regulated in Seychelles
Derivatives Trading License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
High potential risk
Offshore Regulated
3.85
Score
Regulated
MERLION GLOBAL
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
White label MT4
Regional Brokers
High potential risk
Offshore Regulated
3.51
Score
Offshore Regulated
BDSWISS
5-10 years
Regulated in Seychelles
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
High potential risk
Offshore Regulated
3.48
Score
Offshore Regulated
NORD FX
5-10 years
Regulated in Seychelles
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
Vanuatu Forex Trading License (EP) Revoked
High potential risk
Offshore Regulated
3.40
Score
Regulated
IFEXCAPITAL
2-5 years
Regulated in Mauritius
Securities Trading License (EP)
Self-developed
Suspicious Scope of Business
High potential risk
Offshore Regulated
2.97
Score
Offshore Regulated
TRADEVIEW MARKETS
5-10 years
Regulated in Cayman Islands
Derivatives Trading License (EP)
MT5 Full License
cTrader
MT4 Full License
High potential risk
Offshore Regulated
2.42
Score
Offshore Regulated
Market Equity
5-10 years
Regulated in Vanuatu
Forex Trading License (EP)
MT5 Full License
Self-developed
Global Business
High potential risk
Offshore Regulated
2.29
Score
Regulated
VSTAR
2-5 years
Regulated in Australia
Inst Forex Execution (STP)
MT5 Full License
Self-developed
High potential risk
2.20
Score
Regulated
ZarVista
5-10 years
Regulated in Mauritius
Securities Trading License (EP)
MT5 Full License
Regional Brokers
High potential risk
Offshore Regulated
2.07
Score
Offshore Regulated
AMEGA
2-5 years
Regulated in Seychelles
Derivatives Trading License (EP)
Self-developed
Suspicious Scope of Business
High potential risk
Offshore Regulated
1.54
Score