Searching for the 6 best Forex Brokers in Mauritius can be a tedious task that not a lot of traders are willing to endure.
For this reason, we have taken the time to research, analyze, and compare hundreds of forex brokers who offer their services.
Some of the most crucial factors that traders must take into consideration have been highlighted in the sections below to provide traders in Mauritius with some insight into some of the best forex brokers out there.
Here’s a run-down on what we cover:
FSC-licensed Forex brokers
Forex broker comparison Mauritius
Reliable Forex brokers in Mauritius
Low spread Forex brokers in Mauritius
Forex platforms in Mauritius
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What are the legal and regulatory considerations for forex trading in Mauritius?
Forex trading in Mauritius is legal and regulated by the Financial Services Commission (FSC), the primary authority overseeing non-banking financial services and global business sectors.
The FSC ensures that Forex brokers operating within the country adhere to strict regulatory standards aimed at protecting investors and maintaining market integrity.
6 Best Forex Brokers in Mauritius
- ☑️FXTM – Flexible accounts, tight spreads.
- ☑️IC Markets – Best for low-latency and algo trading.
- ☑️XM – Fast execution, low minimums.
- ☑️Pepperstone – Tight spreads, fast trades, and pro-level platforms.
- ☑️HFM – Tight spreads, great support.
- ☑️Exness – Instant withdrawals, low fees, and great for all traders.
1. FXTM
FXTM has been in operation since 2011 and offers Mauritian traders some of the best trading conditions and comprehensive trading solutions.
These are suited to all traders, whether they are beginners or professionals.
Traders in Mauritius have access to a variety of account types, commission-free trading options, and a range of tradable financial instruments when using FXTM to facilitate their trades.
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔧 Feature | 📌 Information |
| 🛡️ Regulation | CySEC, FCA, FSCA |
| 💵 Minimum Deposit | $200 |
| 📉 Average Spread From | 0.1 pips |
| 💰 Commissions From | None |
| 💳 Deposit/Withdrawal Fees | Not charged |
| 📈 Maximum Leverage | 1:30 for EU and UK, 1:1000 under other entities |
| 🎁 Bonuses | Only for international brand. |
| 🕔 Customer Support & Hours | 24/5 |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Digital and fast account opening | High stock CFD fees |
| Great educational tools provided | Inactivity and withdrawal fees charged |
Our Findings
FXTM (ForexTime) is a well-regulated Forex broker in Mauritius, offering competitive trading conditions with a low minimum deposit of just $10 and leverage up to 1:2000.
What is the minimum deposit required to open an account with FXTM?
The minimum deposit required to open an account with FXTM is as low as $10, making it accessible for beginners who are looking to start trading with a small investment.
Does FXTM offer copy trading?
Yes, FXTM offers copy trading through its FXTM Invest platform.
2. IC Markets
IC Markets is one of the largest true ECN brokers in the industry that offers traders from around the world more than 230 trading instruments, which are spread across several asset classes.
Traders can also expect low trading and non-trading fees, tight and competitive spreads, and fast, reliable trade execution speeds.
Traders can also use a variety of trading strategies, including hedging and scalping, and take advantage of the substantial number of social trading opportunities that IC Markets offers its traders.
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔧 Feature | 📌 Information |
| 🛡️ Regulation | ASIC |
| 💵 Minimum Deposit | $200 |
| 📉 Average Spread From | 0.0 pips |
| 💰 Commissions From | $3 |
| 💳 Deposit/Withdrawal Fees | None |
| 📈 Maximum Leverage | 1:500 |
| 🎁 Bonuses | No. |
| 🕔 Customer Support & Hours | 24/5 |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fast digital account opening process | High bank withdrawal fee outside EU/Australia |
| Free deposit and withdrawal | No investor protection for non-EU clients |
| Low forex and equity index fees | Only forex, CFDs, and crypto |
Our Findings
IC Markets is a prominent Forex and CFD broker offering competitive trading conditions for South African traders.
What is the minimum deposit required to open an account with IC Markets?
The minimum deposit required to open an account with IC Markets is $200 USD or the equivalent in another currency.
What leverage options are available at IC Markets?
IC Markets offers flexible leverage options ranging from 1:1 to 1:500, depending on the asset being traded and the regulatory entity under which the account is held.
3. XM
XM is a reputable, multi-regulated, and multi-asset broker that offers its services to more than 2.5 million traders from 196 countries worldwide.
XM offers traders a choice between flexible account types, the use of flexible and user-friendly trading platforms, and competitive trading conditions.
Min Deposit
USD 5
Regulators
FSC
FSA
CySEC
Trading Platform
MT4, MT5
Features
| 🔧 Feature | 📌 Information |
| 🛡️ Regulation | CySEC, IFSC), FCA, ASIC and DFSA |
| 💵 Minimum Deposit | $5 |
| 📉 Average Spread From | 1.7 pips |
| 💰 Commissions From | $3.5 per lot per trade |
| 💳 Deposit/Withdrawal Fees | Bank withdrawals below $200 - $15 |
| 📈 Maximum Leverage | 500:1 |
| 🎁 Bonuses | No. |
| 🕔 Customer Support & Hours | 24/5 |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Allows scalping and hedging | No managed accounts |
| Minimum deposit from $55. | No US clients accepted |
Our Findings
XM is a globally recognized Forex and CFD broker, regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Belize International Financial Services Commission (IFSC).
What is the minimum deposit required to open an account with XM?
XM offers a low entry barrier for traders, with a minimum deposit requirement of just USD 5 for most account types, including Micro, Standard, and Cent accounts.
What leverage options are available at XM?
XM provides flexible leverage options, with maximum leverage up to 1:888, depending on the client’s regulatory jurisdiction.
4. Pepperstone
Pepperstone is a globally recognized Forex and CFD broker that has gained popularity among traders in Mauritius.
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
| 🔍 Feature | 📋 Information |
| 🛡️ Regulation | FCA and ASIC |
| 💵 Minimum Deposit | $0 |
| 📉 Average Spread From | 0 pips |
| 💰 Commissions From | 7 units of the base currency per lot of the FX pair |
| 💳 Deposit/Withdrawal Fees | $20 for clients outside the EU and Australia |
| ⚖️ Maximum Leverage | 500:1 |
| 🎁 Bonuses | No |
| 🕒 Customer Support Hours | 24/5. |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fast and fully digital account opening | High bank withdrawal fee outside EU/Australia |
| Free deposit and withdrawal | No investor protection for non-EU clients |
| Low forex and equity index CFD fees | Only forex, CFDs, and crypto |
Our Findings
Pepperstone is a globally recognized Forex and CFD broker that is gradually gaining popularity among traders in Mauritius.
What is the minimum deposit required to open an account with Pepperstone in Mauritius?
Pepperstone has recently eliminated its minimum deposit requirement, allowing traders to start with any amount.
What leverage is available for retail traders in Mauritius?
Under the regulations of the Capital Markets Authority (CMA) in Mauritius, retail traders can access leverage up to 1:400.
5. HFM
HFM is a well-established Forex and CFD broker that offers services to traders in Mauritius.
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Features
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive trading conditions | Commissions are charged |
| Strong international presence | No US Clients accepted |
Our Findings
HFM (formerly HotForex) is a well-established forex and CFD broker that has been operating since 2010.
What is the minimum deposit required to open an account with HFM in Mauritius?
HFM offers various account types with different minimum deposit requirements
What leverage options are available for retail traders in Mauritius?
HFM provides leverage up to 1:2000 on certain account types, depending on the regulatory jurisdiction.
6. Exness
Exness is a globally recognized Forex and CFD broker that offers services to traders in Mauritius through its entity, Exness (MU) Ltd, authorized by the Financial Services Commission (FSC) of Mauritius.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Features
| 🔍 Feature | 📋 Information |
| 🛡️ Regulation | CySEC, SFSA FCA, FSA(JP) |
| 💵 Minimum Deposit | $10 |
| 📉 Average Spread From | 0.1 pips |
| 💰 Commissions From | $10- $30 |
| 💳 Deposit/Withdrawal Fees | Deposit fee in some regions |
| ⚖️ Maximum Leverage | 1:30 |
| 🎁 Bonuses | No |
| 🕒 Customer Support Hours | 24/5. |
| 👉Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tight spreads on major currency pairs | Limited range of trading instruments compared to some brokers |
| Multiple account types to suit different traders | Restricted availability of some features in certain regions |
| Fast and reliable order execution | Limited educational resources for beginners |
Our Findings
Exness is a globally recognized Forex and CFD broker that offers services to traders in Mauritius through its entity, Exness (MU) Ltd, authorized by the Financial Services Commission (FSC) of Mauritius.
What is the minimum deposit required to open an account with Exness in Mauritius?
Exness offers various account types with different minimum deposit requirements
What leverage options are available for retail traders in Mauritius?
Exness provides flexible leverage options, with maximum leverage up to
Conclusion
Choosing the right Forex broker is a crucial step toward successful trading, and Mauritius has emerged as a reputable and well-regulated financial hub for brokers and investors alike.
With its favorable regulatory environment, strategic location, and growing reputation in global finance, Mauritius offers a strong foundation for both new and experienced traders.
You might also like: Best Forex Brokers in Cameroon
You might also like: Best Forex Brokers in Cabo Verde
You might also like: Best Forex Brokers in Ghana
You might also like: Best Forex Brokers in Uganda
You might also like: Best Forex Brokers in Niger
Frequently Asked Questions
What is the purpose of forex trading?
To buy and sell currencies on one of the largest financial markets in the world, which sees daily trading volumes to the value of more than $5 trillion.
Which forex brokers are the best?
The forex brokers provided on this list are the best brokers that cater extensively to traders in Mauritius.
Can beginners trade in forex?
Yes, however, beginners are urged to learn about forex before they start trading in a live forex environment.
Why do investors use forex trading?
As with the stock market, traders do not take physical possession of the currencies that they trade. Traders profit from the changing values of currencies based on their exchange rates.
Why is it important to follow a trading plan?
A trading plan is a set of predefined rules that traders make to ensure that they trade systematically and to prevent chaotic trading that may result in substantial losses.
