The Financial Services Commission (FSC) of Mauritius is the integrated regulator for the country’s non-bank financial services, including securities and derivatives. Many international forex brokers hold a Mauritius Investment Dealer licence, as it offers a more credible mid-offshore reputation than some pure offshore jurisdictions while remaining lighter than tier-one regimes.
What FSC (Mauritius) regulation means for traders
- Investment Dealer licence: brokers must be licensed to deal in or arrange securities and derivatives.
- Moderate requirements: capital and conduct rules exist but are lighter than in the UK, EU or Australia.
- Client money: segregation practices depend on the licence conditions and the individual broker.
- No large compensation fund: there is no statutory scheme comparable to the UK’s FSCS.
How to verify an FSC broker
The FSC publishes a searchable register of licensees on its website, where you can confirm a firm holds a current Investment Dealer licence and check the licence category. As with any offshore licence, weigh it alongside the broker’s overall reputation and any tier-1 licences it holds.
In short
An FSC (Mauritius) licence sits in the mid-to-offshore range: more structured than the lightest jurisdictions, but with fewer statutory protections than tier-one regulators. Compare regulated brokers in our broker reviews.