Regulator profile · MU
FSC Mauritius — Financial Services Commission Mauritius
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Financial Services Commission (FSC) of Mauritius is the integrated regulator for non-banking financial services on the island. FSC issues an Investment Dealer Licence (full-service or discount, depending on category) widely used by offshore forex and CFD brokers serving emerging-market retail clients outside EU/UK/AU jurisdictions.
Brokers in Mauritius accepting residents under FSC Mauritius- Jurisdiction
- Republic of Mauritius.
- Founded
- 2001
- Mandate
- Established under the Financial Services Act 2007. FSC supervises capital-markets, insurance, pensions and global-business categories. Investment dealers are licensed under the Securities Act 2005; client-money handling and AML/CFT compliance follow FATF-aligned standards.
- Consumer protection
- No statutory compensation scheme for retail investors at FSC-licensed firms. Client-funds segregation is required under Securities Act 2005 dealer rules, but the enforcement intensity is materially lower than EU/UK supervisors. Negative balance protection is not statutorily mandated.
- Retail leverage caps
- No statutory retail leverage cap. FSC-licensed brokers typically offer 1:200 to 1:500 retail leverage; some go to 1:1000+. Suitability and risk-disclosure rules apply but enforcement is conduct-based rather than product-intervention.
- Public register
- FSC's licensee search shows licence number, type (full-service Investment Dealer, discount Investment Dealer, etc.) and current status. Verify the licensed entity name matches the broker brand exactly — group structures sometimes share branding across multiple jurisdictions. Open register ↗
- Dispute resolution
- No independent ombudsman with binding powers for FSC-licensed disputes. Complaints first go through the firm's internal process, then can be referred to FSC's Enforcement Committee. Ultimate recourse is the Mauritian commercial courts.
- Editor notes
- FSC Mauritius is one of the more reputable offshore options — stronger AML/FATF posture than SVG or Vanuatu, often paired with EU/UK/CySEC entities for regulatory layering. Expect a 1:500 retail FX experience with limited consumer recourse compared to FCA/ASIC; suitable for emerging-market clients without access to tier-1 jurisdictions.
Brokers we track with a FSC Mauritius licence
No brokersNo tracked broker currently holds a FSC Mauritius licence in our database.