5 Best Forex Brokers in Mauritius
We have listed the 5 Best Forex Brokers in Mauritius that offer secure and user-friendly access to the global forex markets. These brokers are recognized for their strong regulatory standards, tight spreads, and powerful trading platforms. Mauritian traders benefit from reliable trade execution, local regulatory protection under the FSC Mauritius, and flexible account options suitable for both beginners and professional traders seeking transparency and efficiency.
5 Best Regulated Forex Brokers in Mauritius (2025)
- Vantage Markets – Overall, the Best Forex Broker in Mauritius.
- IC Markets – Accessible to Mauritian traders via its global entity.
- CMC Markets – Powerful, user-friendly platforms with advanced charting.
- Pepperstone – Popular among Mauritian traders for its low fees.
- Axi – Available to Mauritian clients with flexible account types.
Top 10 Forex Brokers (Globally)
1. Vantage Markets
Vantage Markets operates globally and is regulated by the 🇲🇺 Financial Services Commission (FSC Mauritius) through a Mauritius-registered entity. This regulation enables Mauritius-based traders to access the broker’s services under local authorization, subject to additional oversight.
| Feature | Local Importance |
| 🇲🇺 FSC-licensed local entity | Provides locally recognised regulatory oversight. |
| Global multi jurisdiction regulation | Adds global credibility and operational strength. |
| Transparent legal documentation | Clearly details Mauritius entity information and conditions. |
| Platform and account variety | Offers flexibility for beginner and professional traders. |
| Competitive trading conditions | Tight spreads and efficient execution attract active traders. |
 | Minimum Deposit: $50 Regulated by: CIMA, VFSC, FSCA, ASIC Crypto: Yes |
Frequently Asked Questions
Is Vantage Markets regulated for Mauritian traders?
Yes. Vantage Trading Ltd, registered in Mauritius at Suite 201, Level 2, The Catalyst, 40 Silicon Avenue, Ebene, is regulated by the 🇲🇺 FSC Mauritius, which authorises the company to provide Forex and CFD trading services to local clients.
Can Mauritius traders open an account with Vantage Markets?
Yes. The Mauritius-licensed entity’s client policies specifically include Mauritius-based clients, confirming that residents can open and maintain trading accounts directly under local regulation.
| Minimum Deposit: $50 Regulated by: CIMA, VFSC, FSCA, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Locally regulated unde 🇲🇺 FSC Mauritius | Mauritius regulation offers lower protection than tier-1 regulators |
| Transparent legal and account structure | Traders must ensure they register under the Mauritius entity |
| Wide platform choice (MT4 and MT5) | Some regional features may differ across entities |
| Global recognition and operational scale | Client protection levels vary depending on jurisdiction |
| Clear deposit and withdrawal policies | FSC regulation is considered less stringent than ASIC or FCA |
Our Insights
Vantage Markets gives Mauritius traders regulated access through a 🇲🇺 FSC-licensed entity. The broker’s global footprint, diverse platforms, and local authorisation make it a credible choice. Traders should, however, confirm entity details and understand local regulatory protections before funding an account.
| # | Criteria | Score |
| 1. | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2. | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3. | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4. | Research and Education | ⭐⭐☆☆☆ |
| 5. | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6. | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7. | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8. | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9. | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10. | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
2. IC Markets
IC Markets operates globally and accepts clients from 🇲🇺 Mauritius; however, it does not hold a license from the 🇲🇺 Financial Services Commission (FSC Mauritius). Mauritius traders register under its offshore entity and trade under international regulations instead of local authorisation.
| Feature | Local Importance |
| Global brand recognition | Trusted worldwide for reliability and transparency. |
| Multiple platform support (MT4, MT5, cTrader) | Offers flexibility for beginner and professional traders. |
| Low spreads and fast execution | Helps traders minimise trading costs and improve performance. |
| Broad instrument range | Access to Forex, commodities, indices, and cryptocurrencies. |
| Accepts Mauritius clients | Mauritius residents can open accounts and trade freely. |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Is IC Markets regulated for Mauritian traders?
No. IC Markets does not hold a Mauritius-based licence. The broker is, however, regulated by the 🇦🇺 Australian Securities and Investments Commission (ASIC) and the 🇨🇾 Cyprus Securities and Exchange Commission (CySEC). These regulations do not specifically cover Mauritius-based clients.
Can Mauritius residents open an account with IC Markets?
Yes. Mauritius traders can register and trade with IC Markets. However, their accounts are managed under an offshore entity, which offers fewer investor protections than tier-1 regulators such as 🇦🇺 ASIC or 🇬🇧 FCA. Traders should confirm their entity before signing up.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Globally established and reputable broker | Not licensed under 🇲🇺 FSC Mauritius |
| Wide choice of trading platforms | Offshore regulation offers limited investor protection |
| Tight spreads and strong execution speed | Local regulatory support is unavailable |
| Diverse trading instruments and markets | Client protection differs between entities |
| Easy account registration for Mauritius clients | Compensation schemes may not apply to Mauritius traders |
Our Insights
IC Markets welcomes traders from 🇲🇺 Mauritius, offering competitive spreads, fast execution, and powerful trading platforms. However, it is not regulated locally under the FSC Mauritius. Traders should verify the entity handling their account and assess the regulatory protection level before depositing funds.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. CMC Markets
CMC Markets operates as a globally regulated broker under authorities such as the 🇬🇧 Financial Conduct Authority (FCA), 🇦🇺 Australian Securities and Investments Commission (ASIC), and 🇸🇬 Monetary Authority of Singapore (MAS). However, it does not hold a licence from the 🇲🇺 Financial Services Commission (FSC Mauritius) for Mauritius-based clients.
| Feature | Local Importance |
| Strong global regulation | Provides Mauritius traders with confidence in compliance and stability. |
| Broad product range | Offers access to Forex, shares, indices, commodities, and crypto. |
| Transparent fund management | Ensures clear separation of client funds from company assets. |
| Accepts Mauritius traders | Allows Mauritius residents to register and trade globally. |
| Established market reputation | Trusted name in Forex and CFD trading since 1989. |
 | Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Frequently Asked Questions
Is CMC Markets regulated for Mauritian traders?
No. CMC Markets is not licensed by the 🇲🇺 FSC Mauritius. While it is regulated in multiple top-tier jurisdictions, its licences do not specifically apply to Mauritius-based clients or cover trading through a locally authorised entity.
Can traders in Mauritius open an account with CMC Markets?
Yes. CMC Markets allows clients from many international locations, including 🇲🇺 Mauritius. However, Mauritian traders operate under one of the broker’s overseas entities, meaning local investor protection and FSC Mauritius oversight do not apply.
| Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by top-tier authorities such as 🇬🇧 FCA and 🇦🇺 ASIC | No local 🇲🇺 FSC Mauritius licence |
| Excellent platform technology and tools | Local compensation protection does not apply |
| Wide range of trading products | Accounts fall under offshore regulation |
| Transparent and reliable trading environment | Regulatory protection may vary by jurisdiction |
| Long-standing reputation and trustworthiness | Limited local regulatory recourse for Mauritius traders |
Our Insights
CMC Markets offers Mauritius traders access to a world-class trading environment backed by global regulation and advanced technology. However, since it does not hold a 🇲🇺 FSC Mauritius licence, traders should verify which international entity manages their account and understand that local regulatory protection does not apply.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Forex Brokers in Mauritius – Compared
| Broker |  |  |  |
| Minimum Deposit | 50 USD | 200 USD | None |
| Regulation | 🇰🇾 CIMA 🇻🇺 VFSC 🇿🇦 FSCA 🇦🇺 ASIC | 🇸🇨 FSA (Seychelles) | 🇬🇧 FCA 🇨🇦 IIROC 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS |
| Spreads From | 0.0 pips | 0.0 pips | 0.7 pips (Forex) |
| Commissions | From $3 per round turn | Variable | No commission on Forex and most CFDs |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Highlights | Low spreads, multi-regulated, no inactivity fees | Tight spreads, fast execution, good for algos | Highly regulated, no commission on most CFDs, investor protection |
| Open an Account |  | | |
4. Pepperstone
Pepperstone operates globally and welcomes traders from 🇲🇺 Mauritius, but it does not hold a licence from the 🇲🇺 Financial Services Commission (FSC). Mauritian clients trade under Pepperstone’s international entities rather than through a locally authorised branch.
| Feature | Local Importance |
| Global regulation | Builds international trust. |
| Accepts Mauritius clients | Open access to local traders. |
| Multiple platforms | MT4 MT5 cTrader |
| Tight spreads | Lower trading costs. |
| Reliable reputation | Established global broker. |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone regulated for Mauritian traders?
No. Pepperstone is regulated by authorities in 🇦🇺 Australia (ASIC), 🇬🇧 United Kingdom (FCA), 🇨🇾 Cyprus (CySEC), 🇩🇪 Germany (BaFin), and 🇰🇪 Kenya (CMA), but it does not have an FSC licence in 🇲🇺 Mauritius.
Can traders in Mauritius open an account with Pepperstone?
Yes. Traders from 🇲🇺 Mauritius can open an account with Pepperstone and access all trading platforms. However, accounts operate under offshore regulation, which means local investor protection does not apply.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| Feature | Local Importance |
| Global regulation | Builds international trust. |
| Accepts Mauritius clients | Open access to local traders. |
| Multiple platforms | MT4, MT5, cTrader available. |
| Tight spreads | Lower trading costs. |
| Reliable reputation | Established global broker. |
Our Insights
Pepperstone gives Mauritius traders access to powerful global trading platforms and tight spreads but lacks a 🇲🇺 FSC Mauritius licence. Traders should verify which entity manages their account and review available protection levels before depositing funds.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5. Axi
Axi operates globally under strong regulators such as 🇦🇺 ASIC, 🇬🇧 FCA, and 🇩🇪 DFSA. It accepts clients from 🇲🇺 Mauritius, but it does not hold a licence from the 🇲🇺 Financial Services Commission (FSC Mauritius) for Mauritius-resident accounts.
| Feature | Local Importance |
| Strong global regulation | Provides trust in broker quality. |
| Accepts Mauritius clients | Allows local traders to open accounts. |
| Wide platform and instruments | Access Forex, CFDs, and more. |
| Competitive trading conditions | Tight spreads and fast execution. |
| Transparent disclosures | Helps verify broker credentials. |
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Frequently Asked Questions
Is Axi regulated for Mauritius traders?
Not directly. Axi holds licences under recognised regulators, including 🇦🇺 ASIC and 🇬🇧 FCA, but it does not have an FSC Mauritius licence specifically covering Mauritius-resident clients.
Can Mauritius residents open an account with Axi?
Yes. Mauritius traders can open an account with Axi, but their accounts are managed under an overseas entity. Local regulatory protections under the FSC Mauritius may not apply.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by top-tier authorities | No 🇲🇺 FSC licence for Mauritius clients |
| Accepts Mauritius residents | Local protection may not apply |
| Multiple platforms available | Account may be offshore |
| Competitive spreads and execution | Protection varies by entity |
| Established global reputation | Limited local regulatory recourse |
Our Insights
Axi offers Mauritius traders a reliable global trading option with strong regulation and diverse platforms. However, it lacks a Mauritius-specific FSC licence, so traders should confirm which entity manages their account and understand that local protections may not apply.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Mauritius – Leaders Face Off
| Operates a licensed entity in Mauritius, ensuring local regulatory protection for traders. | |  |
| Accessible to Mauritian traders via its global entity with over 2,000 instruments. | | |
| Renowned for its powerful, user-friendly platforms with advanced charting and analysis tools. | | |
 | Popular among Mauritian traders for its low fees, quick account setup, and efficient withdrawals. | | |
 | Available to Mauritian clients with flexible account types (Standard and Pro) and low minimum deposits. | | |
Forex Trading in Mauritius – A Short Overview
Mauritius offers a growing environment for Forex trading, with access to global brokers and diverse trading platforms. Traders can participate in currency, commodity, and CFD markets.
While local regulation by the 🇲🇺 Financial Services Commission (FSC Mauritius) exists, many traders access brokers regulated overseas. Mauritius provides opportunities but carries risks that traders must manage.
Pros and Cons of Forex Trading in Mauritius
| ✓ Pros | ✕ Cons |
| Access to global brokers | Some brokers are offshore |
| Variety of trading instruments | Limited local regulatory protection |
| Modern trading platforms | Forex is highly volatile |
| Flexible account options | Risk of leverage misuse |
| Growing trading community | Scams and unreliable brokers exist |
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In Conclusion
Forex trading in Mauritius offers significant opportunities for growth and global market access. However, traders must carefully choose brokers, manage risks, and understand regulatory limitations to trade safely and successfully.
Faq
Yes. Forex trading is legal under the oversight of the 🇲🇺 FSC Mauritius, though many brokers operate through international licences.
Yes. Traders in Mauritius can open accounts with global brokers, but they may operate under foreign regulation, not the FSC.
High market volatility, leverage misuse, and unregulated brokers are the primary risks for Mauritius-based traders.
Profits may be subject to capital gains or income tax depending on individual circumstances. Traders should consult a local tax advisor.
Traders need a trading account with a broker, initial deposit, and a basic understanding of Forex markets, platforms, and risk management.
