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Licence record

ZarVista: FSC licence C204242

Wikilix check
Confirmed on the register
Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Last checked
Oct 11, 2026

This is Wikilix's record of a licence issued by The Financial Services Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Oct 20, 2026

Licence Verification Record

The Financial Services Commission C204242

Wikilix read the FSC register on Oct 11, 2026. This is what it said.

Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Effective
Jan 19, 2024
Register status
Active on the FSC register with no adverse annotation, licensee status shown as COMPANY IS INCORPORATED. Held by Zarvista Capital Markets (MU) Ltd. The register is searched by licensee name a

Checked Oct 11, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/zarvista/licenses/the-financial-services-commission/c204242Fields on file 8 / 11

Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 3
Jurisdiction
Mauritius
Last checked
Oct 11, 2026
Register says
Active on the FSC register with no adverse annotation, licensee status shown as COMPANY IS INCORPORATED. Held by Zarvista Capital Markets (MU) Ltd. The register is searched by licensee name a

Finding

The statutory financial regulator of Mauritius. The entry is a SEC-2.1B Investment Dealer licence, described on the register as Full Service Dealer excluding Underwriting, which does permit dealing in securities and derivatives for clients. Client protection: Moderate. Genuine supervision and conduct rules, but no investor compensation scheme comparable to the UK or EU, and the licence covers the Mauritius company rather than the Comoros entity the website names as owner and operator of zarvistacm.com. Effective: 19 Jan 2024.

Exhibit

Register screenshot, captured Oct 11, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
C204242
Register status
Active on the FSC register with no adverse annotation, licensee status shown as COMPANY IS INCORPORATED. Held by Zarvista Capital Markets (MU) Ltd. The register is searched by licensee name a
Effective from
Expires
No expiry shown
The authority

About FSC

The Financial Services Commission is the authority that issued this licence, and the jurisdiction it applies in is Mauritius.

Full name
The Financial Services Commission
Jurisdiction
Mauritius
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2001
Oversight
A government or statutory body
Firms we track under it
35 firms
Regulates
Forex, Bond, Stocks, Fund, Options, Derivatives, Commodity, Loan, Retail Investment, Securities, Binary option, Margin Loan, Futures, CFD
Licences it issues
Investment Dealer (Full Service / Broker / Discount)
Typical cost of a licence
Investment dealer capital MUR 10m (full service) – MUR 600k
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

FSC's own rules for the firms it authorises.

  • Compensation schemeDeposit insurance covers up to MUR 300,000 per depositor
  • Complaints routeFSC complaints
  • Maximum leverageVaries by broker
This describes the authority's regime, not how ZarVista applies it.
The holder

Who holds this licence

The licence above is recorded against ZarVista. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Zarvista Capital Markets Ltd
Based in
Comoros
Wikilix score
28.6the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Zarvista Capital Markets LtdComoros
  • Zarvista Capital Markets (MU) LtdMauritius · Reg. C204242
  • Zarvista Services LtdCyprus · Reg. HE 445683
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences ZarVista holds

One other licence is on record for ZarVista.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

No scam determination has been made about ZarVista in this review, and the question is not settled by the information on its own website. What can be said is that its single regulatory claim is offshore and unconfirmed on the issuing authority's register, that the three companies behind the brand have not been verified against any corporate registry, and that the client login and account opening links on its own site lead to a domain whose registration has expired. Those are material risks for anyone considering funding an account, and none of them is evidence of fraud on its own.

By email at support@zarvistacm.com, by telephone on +357 25770075, or through live chat during business hours. The support desk is described as open Monday to Friday around the clock, and English is the only language supported. The telephone number is a Cyprus line, while the operating company and its licence claim are based in the Comoros.

Around 50 currency pairs and roughly 20 cryptocurrency instruments, traded as forex and CFDs on MetaTrader 5. The broker does not publish a full instrument list or a count of its other CFD markets, so the total range cannot be stated precisely.

Not through the route its website advertises. The LOGIN, Start Trading and Open Live Account links on the broker's own site all point to my.zarvistacapitalmarkets.com, and that domain's registration has expired, so the address now returns a domain registrar's holding page instead of a client area. The marketing site itself remains online, but it offers no working link to a client portal at the time of this review.

Yes. A swap-free account is offered from a 50 USD minimum, with no overnight swap charges, at the same 1:500 leverage cap as the other tiers. It is the same entry minimum as the Starter account.

Three companies appear behind the brand. Zarvista Capital Markets Ltd, registered in the Comoros, is named as the operator and holds the licence claim. Zarvista Capital Markets (MU) Ltd, registration number C204242, is a Mauritius company, and Zarvista Services Ltd, registration number HE 445683, is registered in Cyprus. None of these registrations has been verified against the relevant corporate registry, and a company registration is not financial regulation.

No per lot commission is charged on any of its account types, and spreads are variable. The broker publishes no average or typical spread figure, so the real cost of trading cannot be compared directly against other brokers. Card and bank deposits do carry a 1.5 per cent fee, and withdrawals through those channels a flat 2 USD.

Four: Starter from 50 USD, Professional from 250 USD, VIP from 500 USD, and a swap-free Islamic account from 50 USD. All four run on MetaTrader 5 at leverage of up to 1:500 and are advertised without per lot commission. The broker does not publish a representative spread for the individual tiers, so the deposit required is the main stated difference between them.

Up to 1:500, and the same cap applies to every account tier, including the swap-free account. Leverage at that level is well above what onshore regulators allow retail clients, and it increases losses as much as gains.

Yes, and the list is wider than sanctions alone. The broker's own terms and site footer exclude residents of the United States, Canada, Japan, Hong Kong, Belgium, France and Mauritius, alongside Afghanistan, Belarus, Myanmar, the Central African Republic, Cuba, Iran and North Korea. Dependent territories of the United States and France are treated as excluded with their parent jurisdictions. Separately, card payments are unavailable for cards issued in a longer list of countries, including Russia, Ukraine and Syria.

The minimum deposit is 50 USD, which opens the Starter account and the swap-free account. The Professional tier requires 250 USD and the VIP tier 500 USD. Bank transfer carries no stated minimum, and the broker publishes no minimum for cryptocurrency or e-wallet deposits.

Four channels are offered: Visa and Mastercard cards, bank transfer, cryptocurrency and e-wallets. Card and crypto transfers are credited instantly, while bank transfers take one to three business days. Card and bank deposits carry a 1.5 per cent fee and withdrawals through those two channels a flat 2 USD fee, with a 20 USD minimum withdrawal. The broker names Bitcoin, Ethereum and USDT for crypto but does not name its e-wallet providers, and publishes no fees or limits for either of those channels.

ZarVista supports the MetaTrader 5 platform, which is available on web, iOS, macOS, Android, and Windows. MetaTrader 5 is a multi-asset platform known for advanced analytics and algorithmic trading tools.

ZarVista Capital Markets Ltd states that it holds licence number T2023293 from the Moroni International Services Authority (MISA) in the Comoros, but that claim has not been confirmed on the authority's own register, so it should be read as claimed rather than verified. It operates as an offshore broker, with no client fund compensation scheme and no formal complaints mechanism behind that authority. A further practical concern is that the client login and account opening links on the broker's own website point to a host whose domain registration has expired.

Licence C204242 was issued by The Financial Services Commission (FSC), the financial authority for Mauritius.
ZarVista holds this FSC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSC tier 3. Supervision is lighter-touch and client protections vary.
This page links straight to the FSC register. Search it for C204242, and for the name ZarVista rather than the trading brand.
ZarVista has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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