Becoming a Forex Broker in Mauritius

Forex (or foreign exchange) trading is a growing global marketplace where large companies and smaller investors alike are on pretty equal playing ground. This allows anyone familiar with the market to potentially make a profit from anywhere around the world.

Mauritius is quickly becoming one of the more prominent central hubs of forex trading around the world. Let’s take a closer look into what it takes to become a forex broker in Mauritius!

Mauritius’ Economy

Mauritius is considered an investment haven in the financial world. Not only is it in a prime location for trade with African, European, Asian, and Oceania countries, but it is also home to several private banks, global investors, corporate services, and other private investment funds.

How Is Forex Trading Regulated in Mauritius?

Forex trading both conducted in and based in Mauritius is regulated by the country’s Financial Services Commission, which watches over all non-banking financial sectors. Despite these regulators taking a more relaxed approach compared to their European and American counterparts, Mauritius also adheres to strict regulatory framework that allows for greater transparency.

Indeed, Mauritius has often been hailed as a financial hub due to its low tax regime and investment protection treaties. Mauritius is also a part of many anti-money laundering legal groups that work to offer the greatest tax transparencies possible.

Top Forex Brokers in Mauritius

There are plenty of forex brokers based in Mauritius that engage in more than just your average forex trades. Cryptocurrencies are also included in the usual currency mix, allowing for a diverse portfolio. Here are some of the top forex brokers in Mauritius!

FXTM

You can open an FXTM forex broker account for as low as $10 USD, with leverages ranging 1 per 2,000. This broker is based in both Mauritius and the U.K., so U.K. investors can get in on the action without ever leaving home!

Amana Capital

Amana Capital accounts can be opened for as little as $50 USD. Its leverage and reach are more expansive as well. This broker does not invest in cryptocurrencies but does exchange other world currencies, indices, metals, energies, softs, and stocks.

Orbex

Orbex accounts will take a bit more capital to open. Initial deposits must be $200 USD minimum. This broker also does not trade in cryptocurrencies at this time.

FXDD

FXDD has a leverage of 1 per 200—the lowest on this list. It is one of the longest-running forex brokers in Mauritius, having been open since 2004.

BDSwiss

BDSwiss accounts need at least $200 USD minimum to open. They trade both regular currencies and cryptocurrencies alike.

Swiss Markets

Despite its name, Swiss Markets is mainly based in Mauritius and Seychelles. Like Amana Capital, it has a leverage of about 1 to 500 in any given day and deals in indices, metals, energies, and stocks on top of currency exchange.

DooPrime

DooPrime allows for even more cryptocurrencies to be exchanged at a 1 to 400 rate. This includes Bitcoin, Ethereum, and Tether.

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