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Tier 3
Financial Services Commission (FSC)
Mauritius Regulator
"Mauritius FSC is a popular offshore regulator. While it requires physical presence and local staff, it does not offer the same level of protection (like compensation funds) as Tier 1 jurisdictions."
About FSC
The Financial Services Commission (FSC) of Mauritius regulates the non-bank financial services sector. It has evolved from a tax haven to a compliant international financial centre. The FSC now enforces strict 'Substance Requirements', meaning brokers must have a physical office and local employees in Mauritius.
Key Investor Protections
- License Type: Look for 'Investment Dealer (Full Service Dealer)' license.
- Segregated Accounts: Legally required, but without an official compensation fund, recovery in bankruptcy is uncertain.
- VAITOS Act: Specific regulation for Virtual Asset (Crypto) services.
- Substance Requirements: Mandates physical office and local management to reduce 'shell company' risks.
Max Leverage
High leverage allowed (often 500:1 or higher) for retail clients. High risk warning applies.
Safety Rating
Low
Pros
- High leverage and flexible trading conditions.
- Tax-efficient structure often results in lower spreads/fees.
- Increasingly strict substance requirements improve credibility.
Cons
- No government-backed compensation scheme (unlike UK/EU).
- Dispute resolution is less accessible for international retail clients.
- High leverage significantly increases risk of rapid loss.
Top Brokers Regulated by FSC
HM
7.36
Hantec Markets
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
CX
7.45
CXM Trading
UK
Min DepositN/A
LP
4.02
Land Prime
UK
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
UM
7.51
Ultima Markets
Mauritius
Min Deposit$50
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
AY
2.45
Axiory
Belize
Min Deposit$10
JM
3.94
JustMarkets
Seychelles
Min Deposit$100
MM
7.10
Moneta Markets
Seychelles
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
RF
2.50
RoboForex
Belize
Min Deposit$10
OC
7.75
Octa
St. Vincent
Min Deposit$25
FB
7.58
FBS
Belize
Min Deposit$1
IR
7.82
IronFX
Cyprus
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
EX
8.99
Exness
Cyprus
Min Deposit$10
TM
8.55
TMGM
Australia
Min Deposit$100
FT
8.80
FXTM
Cyprus
Min Deposit$500
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
TK
7.62
Tickmill
UK
Min Deposit$100
HF
8.33
HFM
Cyprus
Min Deposit$0
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
XT
7.04
XTB
Poland
Min Deposit$0
FP
8.54
FxPro
UK
Min Deposit$100
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AL
2.52
Alpari
Comoros
Min Deposit$20
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
TM
2.42
TrioMarkets
Cyprus
Min Deposit$500
LR
8.09
LIRUNEX
Cyprus
Min Deposit$500
SM
6.06
Scope Markets
Belize
Min Deposit$200
BS
3.49
BDSWISS
Switzerland
Min Deposit$100
AT
8.89
ATFX
UK
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
CP
7.79
Colmex Pro
Cyprus
Min Deposit$500
OX
6.55
Orbex
Cyprus
Min Deposit$200
M4
5.80
Markets4you
BVI
Min Deposit$0
DS
2.23
DeltaStock
Bulgaria
Min Deposit$100
CM
8.53
CPT Markets
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
CC
1.58
Cabana Capital
St. Vincent
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10
HM
7.36
Hantec Markets
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
CX
7.45
CXM Trading
UK
Min DepositN/A
LP
4.02
Land Prime
UK
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
UM
7.51
Ultima Markets
Mauritius
Min Deposit$50
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
AY
2.45
Axiory
Belize
Min Deposit$10
JM
3.94
JustMarkets
Seychelles
Min Deposit$100
MM
7.10
Moneta Markets
Seychelles
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
RF
2.50
RoboForex
Belize
Min Deposit$10
OC
7.75
Octa
St. Vincent
Min Deposit$25
FB
7.58
FBS
Belize
Min Deposit$1
IR
7.82
IronFX
Cyprus
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
EX
8.99
Exness
Cyprus
Min Deposit$10
TM
8.55
TMGM
Australia
Min Deposit$100
FT
8.80
FXTM
Cyprus
Min Deposit$500
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
TK
7.62
Tickmill
UK
Min Deposit$100
HF
8.33
HFM
Cyprus
Min Deposit$0
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
XT
7.04
XTB
Poland
Min Deposit$0
FP
8.54
FxPro
UK
Min Deposit$100
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AL
2.52
Alpari
Comoros
Min Deposit$20
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
TM
2.42
TrioMarkets
Cyprus
Min Deposit$500
LR
8.09
LIRUNEX
Cyprus
Min Deposit$500
SM
6.06
Scope Markets
Belize
Min Deposit$200
BS
3.49
BDSWISS
Switzerland
Min Deposit$100
AT
8.89
ATFX
UK
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
CP
7.79
Colmex Pro
Cyprus
Min Deposit$500
OX
6.55
Orbex
Cyprus
Min Deposit$200
M4
5.80
Markets4you
BVI
Min Deposit$0
DS
2.23
DeltaStock
Bulgaria
Min Deposit$100
CM
8.53
CPT Markets
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
CC
1.58
Cabana Capital
St. Vincent
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10
HM
7.36
Hantec Markets
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
CX
7.45
CXM Trading
UK
Min DepositN/A
LP
4.02
Land Prime
UK
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
CW
7.38
CWG Markets
UK
Min Deposit$10
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
UM
7.51
Ultima Markets
Mauritius
Min Deposit$50
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
GM
2.80
GMI
UK
Min Deposit$15
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
AY
2.45
Axiory
Belize
Min Deposit$10
JM
3.94
JustMarkets
Seychelles
Min Deposit$100
MM
7.10
Moneta Markets
Seychelles
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
RF
2.50
RoboForex
Belize
Min Deposit$10
OC
7.75
Octa
St. Vincent
Min Deposit$25
FB
7.58
FBS
Belize
Min Deposit$1
IR
7.82
IronFX
Cyprus
Min Deposit$100
NO
3.40
NordFX
Vanuatu
Min Deposit$10
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
EX
8.99
Exness
Cyprus
Min Deposit$10
TM
8.55
TMGM
Australia
Min Deposit$100
FT
8.80
FXTM
Cyprus
Min Deposit$500
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
TK
7.62
Tickmill
UK
Min Deposit$100
HF
8.33
HFM
Cyprus
Min Deposit$0
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
XT
7.04
XTB
Poland
Min Deposit$0
FP
8.54
FxPro
UK
Min Deposit$100
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AL
2.52
Alpari
Comoros
Min Deposit$20
FX
6.78
FXGT
Seychelles
Min Deposit$5
TF
7.18
Titan FX
Vanuatu
Min Deposit$200
TM
2.42
TrioMarkets
Cyprus
Min Deposit$500
LR
8.09
LIRUNEX
Cyprus
Min Deposit$500
SM
6.06
Scope Markets
Belize
Min Deposit$200
BS
3.49
BDSWISS
Switzerland
Min Deposit$100
AT
8.89
ATFX
UK
Min Deposit$200
CF
7.11
CFI Financial
Cyprus
Min Deposit$100
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
CP
7.79
Colmex Pro
Cyprus
Min Deposit$500
OX
6.55
Orbex
Cyprus
Min Deposit$200
M4
5.80
Markets4you
BVI
Min Deposit$0
DS
2.23
DeltaStock
Bulgaria
Min Deposit$100
CM
8.53
CPT Markets
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
CC
1.58
Cabana Capital
St. Vincent
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10