Forex Brokers Based in Mauritius

Eighty-four of the forex and CFD brokers WIKILIX tracks give a Mauritius registered address, and this page lists every one of them, ranked by overall score. A Mauritius base is not a Mauritius client desk, and it is not the same as being regulated in Mauritius. It usually means the company is registered on the island as the offshore arm of a group whose retail brand sits somewhere else.

That distinction is why this list rewards a careful read. The best-known names here run their Mauritius entity beside a licence held abroad. ActivTrades, registered on the island since 2001, is the oldest firm here and holds a UK FCA authorisation through a sister company. HotForex and CFI pair their Mauritius registration with an FCA licence too, and CFI carries nine separate regulators across its group. The highest raw score belongs to Triomarkets at 69.4, though WIKILIX records it with a suspected-clone label, so the highest clean-status score on the list is VenturyFX at 63.1.

What "based in Mauritius" covers, and what it leaves out

This list is built on domicile: the country a broker records as its registered home. That says nothing about who a firm will open an account for. A trader in Nairobi or Johannesburg might deal with a Mauritius entity, or might be routed to a different one, and the registered address alone cannot tell you which. It also leaves out brokers that hold a Mauritius Financial Services Commission licence but are headquartered elsewhere, so a Cyprus-based firm with an FSC investment-dealer permit will not show up here even though it operates in Mauritius on paper.

What a Mauritius base tells you about regulation

Mauritius sits in the middle ground between a tier-1 jurisdiction and a pure offshore flag. Its Financial Services Commission issues an Investment Dealer licence and audits holders each year, and it has pulled permits before, yet it offers nothing like the statutory compensation a UK or Cyprus client can fall back on. Across the 84 firms the pattern is plain. Only four hold a UK FCA licence and six hold an Australian ASIC licence, while the median score sits at just 33. Eighteen carry a no-regulation label and four are flagged as suspected clones. Twenty advertise leverage of 1:1000 or more, led by IUX at 1:3000, and only six firms opened before 2010.

Before you open an account with a Mauritius firm

• Read which legal entity the account agreement names. A familiar brand may register you with its Mauritius company rather than its FCA-regulated one, and only the entity on the contract stands behind your money.
• Check the firm's Investment Dealer number against the Mauritius FSC register rather than a badge shown on its own site.
• Confirm which entity the advertised leverage belongs to. A 1:1000 or 1:2000 cap almost always sits with the Mauritius arm, not a tier-1 sister firm.
• Treat a no-regulation or suspected-clone label on this page as a prompt to slow down and verify before funding anything.

Every fact here reflects the licences WIKILIX holds on record today. Regulatory status changes, so confirm any licence on the FSC register before you deposit.