A few CFD forex brokers have chosen to set up regulated local entities in Mauritius as part of their global expansion strategies. Located off the southeast coast of Africa, Mauritius can serve as an offshore jurisdiction from which forex brokers can cater to traders on the African continent or elsewhere.
The national regulator in charge of overseeing the non-banking financial sector in Mauritius is called the Financial Services Commission (FSC).Even just having a regulator is something that separates Mauritius from many other offshore countries where CFD & forex brokers are not regulated. This adds an extra layer of security for traders, and also means that there is a reputable agency to turn to in the event of a dispute between a trader and a broker.