Table of Contents
Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Best Forex Brokers in Mauritius

Trading with Mauritius Forex brokers can result in a highly competitive trading environment overseen by a trusted regulator. I have reviewed Mauritius Forex brokers and Forex trading in Mauritius, including a guide on getting started, and an explanation of the risks of trading Forex in Mauritius. Read on to find out more about trading Forex with Mauritius Forex brokers.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Quality education and research for beginners, including actionable trading signals
High-paying affiliate program, refer-a-friend program, promotions, and contests
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best ECN execution on the MT4 platform
Excellent implementation of cTrader and Smart Trader Tools
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
$100 minimum deposit requirement & ten payment processors, including crypto.
Micro lot trading from 0.01 lots or 1,000 currency units & MT4/MT5 trading platforms.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Trade 1,000+ financial instruments
Experience low, competitive spreads

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • Pepperstone, Great ECN execution on MT4 platform.
  • FP Markets, ECN trading with leverage up to 1:500.
  • DNA Markets, Super asset selection for Forex and cryptocurrency traders.
  • Eightcap, Competitive pricing + excellent daily videos.

Best Mauritius Brokers Comparison

Year Established
Execution Type(s)
ECN/STP, Market MakerNo Dealing Desk, NDDECN/STPECN/STP, Market MakerECN/STP, Market Maker
Minimum Deposit
Average Trading Cost EUR/USD
0.1 pips1.1 pips1.1 pips1.1 pips ($11.00)1.0 pips
Average Trading Cost GBP/USD
0.2 pips1.6 pips1.4 pips1.3 pips ($13.00)1.2 pips
Average Trading Cost Gold
$0.18 $0.20 $0.21 $0.12 $0.12
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Trading ViewMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection


In Summary Best all-around broker with high floating leverage and fast execution

FXTM is one of the most competitive Mauritius Forex brokers due to its ultra-low pricing environment. Traders benefit from raw spreads of 0.0 pips for a commission of $0.80 and $4.00 per 1.0 standard round lot. The price improvement technology lowers costs by an average of 0.3 pips or $3.00 per round lot. FXTM offers the MT4/MT5 trading platforms and its Pivot Point Strategy MT4 plugin.

Mobile traders get the user-friendly FXTM Trader. FXTM also offers a selection of payment processors, including localized methods for its core markets.

Read more on FXTM »
5.0/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities


In Summary Great ECN execution on MT4 platform

Pepperstone, founded in 2010 and headquartered and regulated in Australia, the U.K., and Dubai, is probably the most well-known ECN Forex broker in the world. As an ECN broker, Pepperstone offer raw spreads and low commissions. Taken together, Pepperstone’s “Razor” account offers one of the most competitive costs of trading in Forex that you will find anywhere. In addition to their global headquarters in Australia, Pepperstone also have presences in London, England, where they enjoy full regulation by the Financial Conduct Authority (FCA), and in Dubai, where they are regulated by the Dubai Financial Services Authority (DFSA).

Read more on Pepperstone »
4.8/5 in this category

Pros & Cons

  • Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
  • Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
  • Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
  • Leverage of up to 1:30 and superb trade execution
  • Demo accounts have 30-day time limits

FP Markets

In Summary ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Read more on FP Markets »
4.8/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted

DNA Markets

In Summary Super asset selection for Forex and cryptocurrency traders

DNA Markets delivers traders a well-regulated broker and multilingual customer support, including phone support. DNA Markets has no restrictions on trading strategies, including scalping and algorithmic trading using EAs. Copy traders can diversify their portfolios via MT4/MT5 solutions or fee-based Signal Start, for which DNA Markets pays the first three months. A partnership program also exists.

The well-balanced asset selection consists of 800+ trading instruments, and the commission-based account features raw spreads from 0.0 pips for a commission of $6.00 per 1.0 standard round lot. It makes DNA Markets one of the best Forex brokers in Mauritius.

Read more on DNA Markets »
4.5/5 in this category

Pros & Cons

  • Competitive, commission-based trading fees
  • Choice of payment processors, including cryptocurrencies
  • Excellent choice of Forex and cryptocurrency pairs
  • MT4/MT5 trading platforms for algorithmic and copy trading
  • Limited commodity asset selection and no ETF trading


In Summary Competitive pricing + excellent daily videos

Eightcap established itself among the best Forex brokers due to its superb trading infrastructure, excellent order execution amid deep liquidity, competitive fees, and cutting-edge trading tools. Manual traders get a well-designed AI-powered economic calendar, and Eightcap upgrades MT4 via Capitalise AI, which enables algorithmic trading in a code-free environment. MT5 traders benefit from Flash Trader, while the dedicated cryptocurrency solution Crypto Crusher caters to cryptocurrency traders.

Copy traders get the embedded MT4/MT5 services, and Eightcap connects social traders to the active TradingView community. Beginner traders get an outstanding educational and research offering via Eightcap Labs and Eightcap Trade Zone.

Read more on Eightcap »
4.4/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

Forex Trading in Mauritius

Forex trading in Mauritius is legal and tax-free, while Mauritius Forex brokers present an ideal mix of trusted regulation with a business-friendly approach. Mauritius is home to leading Forex brokers, which is attractive for international and domestic Forex traders. Mauritius is a high-income economy and ranks among the most competitive and developed African economies, reflected in its Forex trading environment and local demand.

Forex Regulations in Mauritius

Mauritius Forex brokers operate under the oversight of the Financial Services Commission (FSC). It is a trusted and capable regulator, allowing Mauritius Forex brokers to onboard traders with minimal data collection and in compliance with global AML/KYC regulations.

The segregation of client deposits and negative balance protection for retail traders is mandatory at all Mauritius Forex brokers. There are no restrictions on Mauritius Forex brokers from accepting international traders, and Mauritius Forex brokers rank among the safest and most trusted brokers.

Choosing the Right Forex Broker in Mauritius

Evaluating Mauritius Forex brokers is necessary for traders to ensure they can trade in a competitive trading environment.

The best Mauritius Forex brokers should satisfy the following requirements:

  • Regulation - Traders should seek a Forex broker with a clean operational record, ideally of 10+ years.
  • Low trading fees - Trading fees are the most essential factor for traders. A competitive cost structure ensures major currency pairs do not exceed 0.8 pips or $8.00 per 1.0 lot. Swap rates can be equally important for longer-term traders. It is a good sign if a broker offers some positive swap rates on certain currency pairs.
  • Trading platforms - 80%+ of Forex trading volumes are algorithmic, making an algorithmic trading platform desirable for many.
  • Asset diversity - Mauritius Forex brokers should offer the necessary range of assets for traders to execute their strategy.
  • Deposits/Withdrawals - Traders should evaluate the choice of payment processors and find low to zero minimums to guarantee the flexibility to manage their portfolios and follow-on transactions.

How to Start Trading Forex in Mauritius

Beginners should consider the below tips to minimize avoidable mistakes and shorten their learning curve.

Here are tips on how to start trading with Mauritius Forex brokers:

1. In-depth education is paramount to successful trading.

2. Traders should first master trading psychology.

3. Understanding the importance of leverage and its relationship to risk management.

4. Risk management is equally as important as trading strategy.

5. Leverage is an excellent tool, but only if traders understand how to use it.

6. Traders must define a suitable trading strategy and execute it properly.

7. Successful traders understand the significance of trading costs.

8. Realistic expectations are necessary to avoid trading errors.

9. Proper placement of take profit and stop loss levels (placing them with each order ticket represents the only instance where traders act emotionless).

Forex Trading Platforms in Mauritius

Mauritius Forex brokers, with few exceptions, provide traders with the industry-leading trading platform MT4. It is the most versatile trading platform with 25,000+ custom indicators, templates, and EAs. It fully supports algorithmic trading, including API trading for the most advanced trading solutions, plus machine learning and AI-based alternatives. Capitalise AI, which allows code-free algorithmic trading, is MT4 compatible.

Other trading platforms consist of MT5 and cTrader, which perform similar core functions with an improved user interface, but fewer add-ons and customizations, which makes a tremendous difference. Some Mauritius Forex brokers have developed proprietary alternatives ideal for manual, mobile, and copy traders.

Forex Payment Methods in Mauritius

Mauritius Forex brokers implement modern and low-cost payment processors alongside bank wires and credit/debit cards to ensure traders have the freedom to manage their portfolios.

Non-banking Forex payment methods widely offered in Mauritius include:

  • Skrill
  • China UnionPay
  • Cryptocurrencies
  • Perfect Money
  • WebMoney
  • PayPal
  • Neteller
  • Bolero
  • Localized payment apps and services for their core markets, primarily Asian, African, and Latin American solutions

Risks of Forex Trading in Mauritius

Mauritius Forex brokers offer a competitive and secure trading environment, but traders must consider the risks of Forex trading before processing.

Here are the most notable risks of Forex trading in Mauritius:

  • Amid the absence of quality education, despite its availability, traders can get a fundamental misunderstanding of Forex trading, its requirements, and possibilities.
  • Overtrading, frustration, and inefficient trading due to insufficient trading capital and unrealistic expectations
  • Lack of adequate risk management may result in avoidable leveraged trading losses.
  • Questionable Forex brokers and affiliates promote unrealistic trading performances
  • Scams and fraud trap uneducated beginners who rushed into Forex trading
  • The disrespect of Forex trading as a high-skilled profession leads to wrong trading mentalities
  • Inadequate hardware, no quiet place to trade, or using mobile apps for Forex trading rather than Forex copying yields sub-standard trading conditions
  • Uncompetitive trading circumstances for manual trading as 80%+ of Forex transactions are algorithmic.
  • Beginners who rely on demo accounts as an educational tool achieve a false sense of accomplishment, as demo trading lacks exposure to trading psychology

Bottom Line

Mauritius Forex brokers established themselves among the most trusted, secure, and competitive Forex brokers globally. Traders get a cutting-edge trading infrastructure with high-quality trading tools, including support for advanced algorithmic trading solutions. Beginners benefit from good education and research, and trading fees among some Mauritius Forex brokers belong to the cheapest ones available.

Mauritius Forex brokers deploy a competitive mix of quality regulation and trader-friendly conditions.

You might also be interested in reviewing the below top brokers:


Which Forex trading platform is best in Mauritius?


MT4 is the best Forex trading platform in Mauritius and industry-wide.

Can you trade Forex in Mauritius?


Yes, Forex trading is legal in Mauritius, and Mauritius Forex brokers maintain a well-known, trustworthy, and competitive trading environment.

How much is a Forex license in Mauritius?


There is a one-off regulatory fee of €30,000 or Rs 1,000,000 (Mauritian Rupee). Capital requirements will differ, but an office in Mauritius and €30,000 or Rs 1,000,000 in a local bank are additional requirements. Some sources claim a Forex license in Mauritius can cost up to $70,000. Interested parties must consult a licensed professional before proceeding. Costs will vary dependent on the required services.

Who is the number one broker in Mauritius?


No data exists to confirm this, and it really depends on individual preferences.

Is Forex taxable in Mauritius?


Mauritius does not have a capital gains tax, and revenues from the sale of securities remain tax-exempt. Therefore, it seems that Forex trading income is tax-free in Mauritius. Forex traders must consult with a licensed professional to confirm their tax obligations and for assistance with tax-related matters.

Christopher Lewis
About Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.