Top 10 Brokers Based in Mauritius by WIKILIX Score

We track 84 forex brokers with a registered address in Mauritius, and 23 of them carry a clean regulation status on WIKILIX. The ten below are the highest-scoring of those 23, ranked by WIKILIX score. VenturyFX leads at 63.1 and the list runs down to neotrades at 40.8, with a median close to 51.

A registered office in Mauritius is where the story starts, not where it ends. Some of these firms lean on the local Financial Services Commission licence; others are Mauritius companies whose day to day oversight sits with a foreign authority such as the UK FCA or Australia's ASIC. The table shows the licences we have on record for each, so you can see which is which before reading another word.

How this ranking was built, and what clean status leaves out

The order is the WIKILIX score, highest first. It reflects the strength of a firm's licences and the length and cleanliness of its record, so a broker with respected authorisations and no warnings ranks above one registered in a single offshore centre. It does not weigh spreads, execution or support quality, none of which we hold for these firms. Every name here carries the plain regulation status, meaning nothing on its record is flagged as a scam or a suspected clone. Seven of the ten also hold at least one tier-1 licence, an FCA or ASIC authorisation in most cases; the other three, PRIMEX, TRADE.COM and neotrades, rely on a Malta, Cyprus or Mauritius licence instead.

That clean-status rule quietly excludes the highest-scoring Mauritius firm we track. Triomarkets scores 69.4 but carries a suspected-clone flag, so it is not eligible here. CFI at 58.0 and ActivTrades at 55.7 both post scores that would sit near the top, and both are marked offshore rather than clean, which keeps them off the list too. If you expected one of those names, that is why it is missing.

A Mauritius address is not a Mauritius licence

Under the Financial Services Act, a company operating from Mauritius is meant to hold an Investment Dealer licence from the Financial Services Commission, the island's regulator for everything outside banking. In practice the firms on this list wear their licensing differently. neotrades is the only name here whose record shows that local FSC licence; VenturyFX and HotForex are Mauritius companies whose strongest authorisation is a British FCA registration, and XS spreads seven separate licences across Australia, Cyprus, South Africa, the UAE and beyond. Reading based in Mauritius as regulated in Mauritius would get most of this list wrong.

Age tells a similar story. Only HotForex, trading since 2009, and XS, since 2010, have a full decade behind them. Six of the ten were registered in 2020 or later, and MC Prime dates to 2024. A young firm is not automatically a worse one, but on an offshore list it leaves fewer years of public record to judge it by.

Leverage runs far above a tier-1 cap

The clearest sign that these are offshore-facing entities is the leverage. IUX records a maximum of 1:3000 and XS 1:2000, with HotForex and PU Prime both at 1:1000. A trader used to the 1:30 ceiling the FCA and ASIC set for their home-regulated retail clients is looking at figures 30 to 100 times larger. That headroom comes from the Mauritius entity, not the FCA or ASIC arm, which is the reason a broker keeps an offshore company beside its onshore one.

Before opening an account with any firm on this page:

• Confirm which entity your account is actually opened with. A Mauritius Investment Dealer contract does not carry FCA or ASIC protections even when the same brand holds those licences elsewhere.
• Look the firm up in the FSC Register of Licensees at fscmauritius.org and check the licence number and status yourself.
• Read a 1:1000 or higher leverage offer as a signal you are on the offshore entity, and size positions accordingly.
• For PRIMEX, TRADE.COM and neotrades, the three without a tier-1 licence, look at the single authority each names and what it does and does not cover.