5 Best Forex Brokers in Mauritius
The 5 Best Forex Brokers in Mauritius – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Mauritius.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Mauritius – a List
- Is Forex Trading allowed and legal in Mauritius?
- The Best Forex Brokers for Beginners and Foreigners
- The FSC Mauritius – Mauritius Forex License
and much, MUCH more!
5 Best Forex Brokers in Mauritius – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Traders in Mauritius | 💶 Min. Deposit (MUR) |
| 🥇 Pepperstone | 👉 Click Here | ✅Yes | 6119,94 |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | 9214,00 |
| 🥉 GO Markets | 👉 Click Here | ✅Yes | 9214,00 |
| 🏅 FXTM | 👉 Click Here | ✅Yes | 460,70 |
| 🎖️ Saxo | 👉 Click Here | ✅Yes | None |
5 Best Forex Brokers in Mauritius (2024)
- ☑️ Pepperstone – Overall, the Best Forex Broker in Mauritius
- ☑️ IC Markets – Best MetaTrader 4 and MetaTrader 5 Forex Broker
- ☑️ GO Markets – Best Forex Broker for Beginners
- ☑️ FXTM – Best Overall User Experience
- ☑️ Saxo – Best Forex Broker for Established Traders
Pepperstone
Pepperstone is a renowned high-end Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB. In addition, notable Factors, Features, and Benefits to consider include:
- Standard and Razor Accounts
- Bonus offers and Promotions on Occasion
- Spreads from 0.0 Pis
- Over 70 Currency Pairs
- USD and GBP Base Currencies
- Leverage of up to 1:500
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone Supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include friendly and responsive customer support.
IC Markets
IC Markets is a Leading Forex Brokerage with access to affordable trading fees. Regulations include ASIC, CySEC, FSA, and, the SCB. In addition, notable Factors, Features, and Benefits to consider include:
- cTrader, Raw, and, Standard Accounts
- Demo and Islamic, Swap-Free Trading
- 24/7 Customer Support
- 8 Base Currencies including AUD and USD
- Leverage of up to 1:500
- Scalping and Hedging are Offered
- Spreads from 00 Pips
Trading Instruments include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures. IC Markets support MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-tight spreads from 0.0 pips | Regulated only by FSA (Seychelles) |
| Supports MT4, MT5, cTrader, TradingView | No cent accounts |
| Leverage up to 1:1000 | Overnight holding fee on Islamic accounts |
| No deposit or inactivity fees | Some features/platforms may be complex for beginners |
| Broad asset selection & copy trading options | Limited stock CFD offering compared to equity brokers |
Our Insights
The benefits of trading with IC Markets include access to Social and Copy Trading across several award-winning platforms.
GO Markets
GO Markets is a reliable and robust forex and CFD broker. Regulations include ASIC, FSA Seychelles, FSC Mauritius, and, CySEC. In addition, notable Factors, Features, and Benefits to consider include:
- 24/5 Customer Support
- Standard, GO+ Plus, and, Demo Accounts
- 9 Base Currencies including AUD and USD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 50 Currency Pairs
- No Inactivity Fee is Charged
Trading Instruments include Forex, shares, indices, metals, commodities, and, cryptocurrencies. GOMarkets supports MetaTrader 4, MetaTrader 5, and, cTrader.
| 🔎 Broker | 🥇 GO Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 🪙 Currency Pairs | 50+; minor, major, exotic pairs |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive Spreads | Not FCA Regulated |
Our Insights
Trading with GO Markets offers multiple trusted deposit options, including Skrill, Neteller, and Bank Wire Transfer.
FXTM
FXTM is an established Forex Service Provider with access to Micro Accounts and Dedicated Customer support. In addition, notable Factors, Features, and Benefits to consider include:
- Access to a Referal Bonus
- 24/5 Customer Support
- Micro, Advantage, Advantage Plus Accounts
- Demo Account
- Spreads from 0.0 Pips
- Leverage of up to 1:2000
Trading Instruments include Forex, Forex Indices, Spot Metals, Spot Commodities, Spot Indices, Stock Baskets, and, Crypto CFDs. FXTM supports MetaTrader 4 and MetaTrader 5. In addition, a Proprietary Trading Platform is available.
| 🔎 Broker | 🥇 FXTM |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Micro Account for Beginners | Inactivity Fee |
| Dedicated customer support teams | Fees apply to most withdrawal methods |
Our Insights
The benefits of trading with IC Markets include access to excellent educational resources.
Saxo
Saxo Bank is a leading Forex and CFD broker that offers access to a diverse trading environment suitable for all levels of traders. Regulations include ASIC, CySEC, and FINMA. In addition, notable Factors, Features, and Benefits to consider include:
- 24/5 Customer Support
- Classic, Platinum, and, VIP Account
- 18 Base Currencies
- Spreads from 0.4 Pips
- Leverage of up to 1:30
- Access to over 180 Currencies Pairs
Trading Instruments include Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds. Saxo supports SaxoTraderGO and SaxoTraderPRO.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
Established Traders will benefit from the cutting-edge investment platforms offered.
Is Forex Trading Legal in Mauritius?
Forex Trading is legal and regulated by Mauritius’s Financial Services Commission (FSC).
The Financial Services Commission (FSC) of Mauritius
Mauritius’s Financial Services Commission (FSC) is the regulatory authority responsible for regulating, supervising, and inspecting all financial services besides banking institutions and global business in Mauritius.
In Conclusion
Forex Trading in Mauritius has seen a Notable rise in popularity amongst Young Professionals and Established Traders. Moreover, it is well-regulated by the Financial Services Commission (FSC). In addition, Several international Forex Brokers accept local traders.
Our Insights
While reviewing the Best Forex Brokers that accept Mauritian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading is legal and regulated by Mauritius’s Financial Services Commission (FSC).
Mauritius’s Financial Services Commission (FSC).
The Mauritian Rupee.
Regulations include ASIC, BaFin, and, CMA.
IC Markets was established in 2007.
GO Markets offers leverage of up to 1:500.
FXTM charges a 5 USD Fee after 6 Months of Inactivity.
Saxo supports 18 Base Currencies.
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