All forex brokers with a registered office in Mauritius are required to be regulated and licensed as an “Investment Dealer” by the Financial Services Commission Mauritius, also known as FSC. This is the government’s regulator for the entire financial sector other than banks in Mauritius, which means that no forex or CFD broker can operate in the country without being regulated by the FSC.
Although all forex brokers in Mauritius are regulated, forex trading leverage is generally high, with 1:200 to 1:500 leverage being common offerings. The regulator also takes a relatively relaxed approach to licensing of brokers, and the licensing requirements are generally easy, with just a small processing fee to be paid by the broker.