Searching for the 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 with the aim of providing traders in Mauritius with some insight into some of the best forex brokers out there.
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FXTM
Overview
FXTM has been in operation since 2011 and offers Mauritian traders with some of the best trading conditions and comprehensive trading solutions. These are suited to all traders despite 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.
Pros and Cons
PROS | CONS |
Strictly regulated by several entities | US clients not accepted |
Range of tradable assets | Restricted leverage for EU-clients |
Commission-free trading offered | |
Low minimum deposit required | |
Variety of accounts offered |
Features
Feature | Information |
Regulation | CySEC, FCA, FSC, FSCA |
Minimum deposit from | $10 |
Average spread from | 0.0 pips |
Commissions from | $2 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:2000 |
Bonuses | Yes |
Customer Support | 24/5 |

BDSwiss
Overview
Established in 2012 and based in Cyprus, Seychelles, and Mauritius, BDSwiss is a reputable ECN and STP broker that offers traders with the trade in more than 250 financial instruments, commission-free trading accounts, and additional trading tools to help traders hone their trading skills and add a competitive edge to their trading.
Pros and Cons
PROS | CONS |
MetaTrader 4 and 5 available | High minimum deposit |
Multiple regulations |
Features
Feature | Information |
Regulation | CySEC, FSC, NFA, EFSA |
Minimum deposit from | $200 |
Average spread from | 1.3 pips |
Commissions from | 0.1% for stock and CFDs |
Deposit/Withdrawal Fees | 10 EUR from 20 EUR upwards |
Maximum Leverage | 1:500 |
Bonuses | 50 EUR No Deposit Bonus |
Customer Support | 24/5 |

GO Markets
Overview
Established in 2006, GO Markets is an Australian based broker with strict regulation through ASIC in offering traders around the world with the trade in more than 250 financial instruments spread across several asset classes.
Traders are offered with access to powerful, flexible trading platforms, a range of trading tools, and the advantage of a dedicated educational centre to help traders on their trading journey towards becoming experts.
Pros and Cons
PROS | CONS |
Well- and regulated | US clients not allowed |
Commission-free trading offered | No fixed spreads |
MetaTrader 4 and MetaTrader 5 offered | |
Demo account offered | |
Islamic Account option provided |
Features
Feature | Information |
Regulation | ASIC |
Minimum deposit from | AU$200 |
Average spread from | 0.0 pips |
Commissions from | $3 per single side |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

Orbex
Overview
Established in 2010 and headquartered in Mauritius and Cyprus, Orbex is a CySEC and FSC-regulated ECN and STP broker that offers traders with both fixed and variable spreads, low commissions charged on trades, the use of MetaTrader 4, and competitive trading conditions.
Traders have access to more than 60 financial instruments spread over forex, energies, equity, indices, and metals. Traders can also expect the provision of several educational resources and advanced trading tools to assist traders in making more informed trading decisions.
Pros and Cons
PROS | CONS |
Well-regulated | No US clients |
Fast and seamless execution | Stocks and Cryptocurrency trading not offered |
Variety of account types offered | High minimum deposit requirement |
MetaTrader 4 supported | No Social trading support |
Competitive trading conditions |
Features
Feature | Information |
Regulation | CySEC |
Minimum deposit from | $200 |
Average spread from | 0.0 pips |
Commissions from | $5 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

City Index
Overview
City Index is one of the leading online trading brokers in the world that offers more than 12,000 trading instruments to more than 150,000 registered traders around the globe. City Index has been in operation since 1983 and offers traders with reliable trade execution speeds, award-winning platforms, and innovative technology across multiple devices.
Pros and Cons
PROS | CONS |
Advanced platforms and tools | Fixed spreads not offered |
Negative balance protection offered | US Clients not allowed |
Strictly regulated | Limited payment methods supported |
Tight spreads, low fees, and superior execution speeds | |
Trading signals provided |
Features
Feature | Information |
Regulation | ASIC, FCA, MAS |
Minimum deposit from | $100 |
Average spread from | 0.5 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

FxPro
Overview
Established in 2006, FxPro is a multi-regulated NDD broker which is headquartered in the United Kingdom, offering traders with the comprehensive trade in more than 260 instruments through powerful trading platforms such as MetaTrader 4 and 4, cTrader, and the proprietary FxPro Edge.
These trading platforms can be used across multiple devices, offering seamless integration of the trading account and activities.
Pros and Cons
PROS | CONS |
Strict and multiple regulations | US, Iraq, and Canada clients not accepted |
Multiple modern trading platforms | Managed accounts and social trading not supported |
Premium trader tools | Crypto trading not supported |
VPS access | Wide spreads |
Expert analysis from Trading Central | High commissions |
Features
Feature | Information |
Regulation | FCA, CySEC, FSCA, DFSA, SCB |
Minimum deposit from | $100 |
Average spread from | 0.0 pips |
Commissions from | $4.5 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

Hantec Global
Overview
Hantec Global is a Mauritius-based broker that has been in operation since 1990 and is well-regulated by FSC in offering traders with the trade in a range of forex and CFDs on indices, precious metals, energies, and cryptocurrencies.
Traders are also offered with competitive spreads, seamless trade execution, and negative balance protection which is applied to retail accounts.
Pros and Cons
PROS | CONS |
FIX API offered for high-frequency trading | Offshore regulation |
ZuluTrade offered for social trading | US Clients not allowed |
Low minimum deposit | Stocks not offered to trade |
Competitive trading conditions | Limited education |
Features
Feature | Information |
Regulation | FSC |
Minimum deposit from | $50 |
Average spread from | 0.2 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

Amana Capital
Overview
Based in the UAE and established in 2010, Amana Capital is a multi-regulated Market Maker broker that is regulated by FCA, DFSA, CySEC, CMA, LFSA, and FSC in offering traders from around the world with more than 360 financial instruments, variable and fixed spreads, a variety of social trading opportunities, and a choice in accounts, including managed MAM accounts.
Pros and Cons
PROS | CONS |
Competitive trading conditions | US Clients not allowed |
Social trading through ZuluTrade | Restricted leverage of 1:30 for EU clients |
MAM accounts provided | Cryptocurrency trading not offered |
Trading signals provided by AutoChartist | Larger investments provide access to the best trading conditions |
Features
Feature | Information |
Regulation | FCA, DFSA, CySEC, CMA, LFSA, FSC |
Minimum deposit from | $50 |
Average spread from | 1.4 pips |
Commissions from | $0.02 per CFD share |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

AvaTrade
Overview
AvaTrade is a multi-regulated, multi-award-winning, and multi-asset Market Maker and STP broker that has been offering its services since 2006 to more than 200,000 registered traders around the world.
Traders are offered with the trade in more than 250 financial instruments that can be traded through powerful, flexible, and user-friendly trading platforms, the use of advanced trading tools, the advantage that various trading strategies are allowed, and the benefit of fast trade execution speeds.
Pros and Cons
PROS | CONS |
Award-winning broker | Variable spreads not offered |
Competitive trading conditions | Only one account type for either retail or professionals |
Fast trade execution | US Clients not allowed |
Social trading offered | |
Well-regulated |
Features
Feature | Information |
Regulation | ASIC, BVI, CBI, FFAJ, FSA, FSCA |
Minimum deposit from | $100 |
Average spread from | 0.9 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | Yes |
Customer Support | 24/5 |

FIBO Group
Overview
Established in 1998 and based in Cyprus, FIBO Group is a Market Maker and NDD broker that offers traders with both fixed and variable spreads, ultra-low trading commissions, a range of forex and CFD instruments, a choice in account types, and numerous social trading opportunities.
Pros and Cons
PROS | CONS |
PAMM Accounts offered | Market Maker broker |
Flexible trading platforms | Limited tradable financial instruments |
Social trading supported | Limited education |
Multiple account types offered | USA, Australia, Iraq, Belgium, Austria, and other countries not allowed |
Multilingual customer support |
Features
Feature | Information |
Regulation | FSC BVI, CySEC |
Minimum deposit from | $1 |
Average spread from | 0.0 pips |
Commissions from | 0.003% |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:1000 |
Bonuses | Yes |
Customer Support | 24/5 |

Forex4You
Overview
Based in the British Virgin Islands, with regulation through BVI FSC, Forex4You is an NDD and STP broker that has been offering the trade in a range of financial instruments since 2007. Traders are also offered with flexible account types, numerous social trading opportunities, and technical analysis from Trading Central.
Pros and Cons
PROS | CONS |
Latest news and commentaries offered from Dow Jones | Limited regulation |
Trading Central technical analysis | Limited education |
Social trading supported | Limited financial instruments |
Multiple account types offered | Numerous countries restricted from services |
AutoChartist offered at no additional cost |
Features
Feature | Information |
Regulation | BVI FSC |
Minimum deposit from | $1 |
Average spread from | 0.1 pips |
Commissions from | $8 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:1000 |
Bonuses | Yes |
Customer Support | 24/7 |

GKFX
Overview
GKFX was established in 2013 and is a STP broker which is headquartered in Malta, with regulation through FCA and MFSA in offering the trade in more than 250 financial instruments. Traders in Mauritius can expect a variety of trading tools, market analysis, and the use of advanced trading platforms through which trades can be executed seamlessly.
Pros and Cons
PROS | CONS |
Well-regulated broker | Limited leverage |
Excellent market analysis | No US clients |
AutoChartist available | |
Advanced trading platforms | |
Award winning broker |
Features
Feature | Information |
Regulation | FCA, MFSA |
Minimum deposit from | $100 |
Average spread from | Variable |
Commissions from | $6 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:200 |
Bonuses | None |
Customer Support | 24/5 |

IFC Markets
Overview
IFC Markets is a Cyprus-based STP and Market Maker broker that offers traders with both fixed and variable spreads, commission-free trading, a variety of forex and CFD instruments which can be traded, and the use of powerful trading platforms such as MetaTrader 4, MetaTrader 5, and the proprietary NetTradeX.
Pros and Cons
PROS | CONS |
Strict EU Regulation | US clients not allowed |
Advanced proprietary platform | Social trading not supported |
Portfolio quoting methods | Spreads not the tightest |
Education centre | |
Competitive trading conditions |
Features
Feature | Information |
Regulation | CySEC, BVI FSC |
Minimum deposit from | $1 |
Average spread from | 1.8 pips fixed, 0.4 pips floating |
Commissions from | No |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:400 (1:30 EU) |
Bonuses | None |
Customer Support | 24/6 |

Alpari
Overview
Established in 1998, Alpari is a well-regulated broker that is based in Mauritius, Russia, Nigeria, and Saint Vincent and the Grenadines, with regulation and authorisation through FSA and FSC in offering comprehensive trading solutions to more than 2 million registered traders from around the world.
Traders are offered with a range of forex and CFD instruments which can be traded through the popular MetaTrader platforms and in addition, traders can also expect instant executions, competitive spreads, and innovative trading technology and solutions.
Pros and Cons
PROS | CONS |
Well-regulated | Restriction on traders from some countries |
MetaTrader 4 and 5 offered | Limited financial instruments offered |
PAMM Accounts offered | Fixed spread accounts not offered |
Superior multilingual customer support |
Features
Feature | Information |
Regulation | FSC, FSA |
Minimum deposit from | $5 |
Average spread from | 0.4 pips |
Commissions from | $1.5 per lot per side |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:1000 |
Bonuses | Yes |
Customer Support | 24/5 |

IC Markets
Overview
IC Markets is one of the largest true ECN brokers in the industry that offer traders from around the world with 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 spread, 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.
Pros and Cons
PROS | CONS |
Strictly regulated | US clients not allowed |
Low trading and non-trading fees | Fixed spreads not offered |
Tight and competitive spreads | |
Hedging and scalping allowed | |
Social trading supported |
Features
Feature | Information |
Regulation | ASIC |
Minimum deposit from | $200 |
Average spread from | 0.0 pips |
Commissions from | $3 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

Swissquote
Overview
Swissquote is a leading online broker that has been in operation since 1996 and is regulated and authorised by FINMA, FCA, MFSA, DFSA, and SFC in offering the trade of a range of trading instruments which are spread across several asset classes.
Traders are also provided with the use of powerful, popular trading platforms, flexible account types, advanced trading tools, and a range of educational materials.
Pros and Cons
PROS | CONS |
Competitive spreads | No fixed spread accounts |
Multi-regulated | High minimum deposit |
Trading tools and research resources and tools offered | US Clients not allowed |
Variety of tradable financial instruments | |
Zero-commission trading offered |
Features
Feature | Information |
Regulation | FINMA, FCA, MFSA, DFSA, SFC |
Minimum deposit from | $1,000 |
Average spread from | 1.1 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may be applied to some payment methods |
Maximum Leverage | 1:100 |
Bonuses | Yes |
Customer Support | 24/5 |

IQ Option
Overview
IQ Option is a CySEC-regulated Market Maker broker based in Cyprus, offering traders from around the world with the trade in a variety of financial instruments. Traders are also offered with the use of the broker’s innovative, intuitive proprietary trading platform.
In addition, IQ Option also offers traders with a superior trading environment, advanced trading tools, and dedicated customer support.
Pros and Cons
PROS | CONS |
Strictly regulated | Fixed spread accounts not offered |
Segregated client funds and member of ICF | Restricted leverage for non-professional traders |
Vast variety of financial instruments | US Clients not allowed |
User-friendly trading platform | |
Advanced trading tools |
Features
Feature | Information |
Regulation | CySEC |
Minimum deposit from | $10 |
Average spread from | 5 pips on GBP/USD |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:30 |
Bonuses | No |
Customer Support | 24/5 |

Olymp Trade
Overview
Established in 2014, Olymp Trade is a STP broker which is based in Saint Vincent and the Grenadines, offering traders with the trade in a limited range of trading instruments through its proprietary trading platform and access to both market news and analysis.
Traders can expect low minimum deposit requirements when they register a live trading account and access to multilingual customer support available 24/7.
Pros and Cons
PROS | CONS |
Low minimum deposit requirement | No MetaTrader |
Market news as well as analysis | No regulation |
Multilingual customer support available 24/7 | Social trading not offered |
Proprietary trading platform | Trade automation not supported by trading platform |
Training resources offered | US and UK clients not accepted |
Features
Feature | Information |
Regulation | None |
Minimum deposit from | $10 |
Average spread from | None charged |
Commissions from | 0.00400% |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:500 |
Bonuses | No |
Customer Support | 24/7 |

Saxo Markets
Overview
Saxo Markets is a licensed bank as well as a well-regulated STP, ECN, Market Maker, and NDD broker which is headquartered in Denmark. Saxo Markets offers traders with the trade in more than 42,000 forex and CFD trading instruments spread across several asset classes.
Traders can trade these over Saxo Markets’ proprietary trading platforms. Traders can also expect a broad selection of market analysis and useful trading tools to help them hone their trading skills.
Pros and Cons
PROS | CONS |
Low trading fees | Slow account opening |
Transparent fee structure | Extremely high minimum deposit |
Features
Feature | Information |
Regulation | FCA, ASIC, FINMA, SFC |
Minimum deposit from | $10 000 |
Average spread from | 0.3 pips |
Commissions from | $3 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:200 |
Bonuses | None |
Customer Support | 24/5 |

eToro
Overview
As a well-established online trading broker and the leading online social trading platform, eToro offers traders with flexible methods of investing in an enormous range of assets. eToro also offers a variety of social trading opportunities, the use of a powerful, proprietary trading platform, and access to a large online trading community.
Pros and Cons
PROS | CONS |
Commission-free trading offered | Fixed spread accounts not provided |
Large online trading community | MetaTrader 4 and 5 not offered |
Leading social trading platform | No US clients |
Well-regulated |
Features
Feature | Information |
Regulation | ASIC, FCA, CySEC |
Minimum deposit from | $200 |
Average spread from | 3 pips on EUR/USD |
Commissions from | $0 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:400 |
Bonuses | None |
Customer Support | 24/6 |

IG
Overview
IG is one of the largest, most popular trading brokers that is regulated by several reputable entities to offer traders from around the world with comprehensive trading solutions and services.
IG offers the trade in more than 16,000 financial instruments which can be traded seamlessly through powerful, flexible trading platforms. Traders also have access to a choice in trading accounts, each offering traders with competitive trading conditions tailored to meet the varying needs and objectives of traders despite their trading knowledge, skill, experience, or style.
Pros and Cons
PROS | CONS |
Strict, multiple regulations | High minimum deposit |
Powerful trading platforms | |
Variety of financial instruments | |
Variety of account types | |
Competitive trading conditions |
Features
Feature | Information |
Regulation | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF. |
Minimum deposit from | $250 |
Average spread from | 0.1 pips on Indices |
Commissions from | 0.10% CFD EU |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:200 |
Bonuses | None |
Customer Support | 24/5 |

OctaFX
Overview
Established in 2011, Octa is a well-regulated ECN and STP broker based in Saint Vincent and the Grenadines, offering traders with the trade in a range of instruments, access to variable and fixed spreads, commission-free trading, and the use of a variety of trading strategies.
Pros and Cons
PROS | CONS |
Well-regulated | No US Clients |
Commission-free trading offered | Limited financial instruments |
Fixed spread accounts offered | |
Negative balance protection | |
Hedging and Scalping allowed |
Features
Feature | Information |
Regulation | FSA SVG, CySEC |
Minimum deposit from | $100 |
Average spread from | 0.0 pips |
Commissions from | $0.02 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

Interactive Brokers
Overview
Interactive Brokers is one of the largest brokers in the world, offering traders from around the world with a range of financial instruments that can be traded. In addition, traders can expect a range of sophisticated and flexible accounts, trading platforms, a range of educational resources, market research, and the provision of market analysis.
Pros and Cons
PROS | CONS |
Regulated by multiple regulatory entities | Fixed spread accounts not offered |
Variety of accounts and options offered | Restricted leverage for some jurisdictions |
Innovative platforms supported across multiple devices | Islamic Account option not offered |
Comprehensive trading conditions | MetaTrader not offered nor supported |
Multiple trading tools offered |
Features
Feature | Information |
Regulation | US SEC & CFTC, ASIC, FCA |
Minimum deposit from | $0 |
Average spread from | Variable spreads – not indicated |
Commissions from | Tiered or fixed – not indicated |
Deposit/Withdrawal Fees | After the first free withdrawal |
Maximum Leverage | 1:400 |
Bonuses | None |
Customer Support | 24/5 |

XTB
Overview
XTB is one of the most reputable brokers in the industry that has been in operation since 2004. XTB offers traders with a choice of forex and CFD instruments which can be traded through powerful trading platforms including XTB’s award-winning xStation.
Traders can also expect live market commentary, a sentiment analysis tool, dedicated personal account manager, access to a trading academy, and other features as part of XTB’s comprehensive offering.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not allowed |
Competitive trading conditions offered | EU clients restricted to leverage of 1:30 |
Negative balance protection offered | Fixed spreads not offered |
Variety of financial instruments | |
Islamic Account provided as a standalone account |
Features
Feature | Information |
Regulation | ACPR, BaFin, CNMV, FCA, IFSC, KNF |
Minimum deposit from | $250 |
Average spread from | 0.1 pips |
Commissions from | $3.50 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

XM
Overview
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 with a choice between flexible account types, the use of flexible and user-friendly trading platforms, and competitive trading conditions.
Pros and Cons
PROS | CONS |
Strict regulation through FCA | US clients not accepted |
Negative balance protection | No fixed spread accounts offered |
Competitive trading conditions | |
Variety of account types offered |
Features
Feature | Information |
Regulation | FCA |
Minimum deposit from | $5 |
Average spread from | 0.0 pips |
Commissions from | $1 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:888 |
Bonuses | Yes |
Customer Support | 24/5 |

Oanda
Overview
Oanda is a multi-regulated broker based in the United States that has been in operation since 1989. For the past 32 years, Oanda has offered its comprehensive solutions and services to traders, helping them reach their trading goals and objectives with ease.
Traders can expect access to more than 10,000 instruments, the use of flexible trading platforms, and the provision of competitive trading conditions.
Pros and Cons
PROS | CONS |
Advanced trading tools | No fixed spread accounts |
Flexible trading platforms | Social trading not supported |
Member of FSCS and CIPF | Spreads not the tightest in the industry |
Multi-regulated | |
No minimum deposit |
Features
Feature | Information |
Regulation | CFTC, NFA, IIROC, FCA, MAS, ASIC, FFAJ |
Minimum deposit from | $0 |
Average spread from | 1.2 pips EUR/USD |
Commissions from | $0 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:100 |
Bonuses | None |
Customer Support | 24/5 |
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FAQ
What is the purpose of forex trading?
To buy and sell currencies on one of the largest financial markets in the world that 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 for 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.
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