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What is FSC regulation in Mauritius?

The Financial Services Commission (FSC) regulates financial institutions in Mauritius, including forex brokers. Licensed brokers must meet capital requirements, segregate client funds, and comply with AML standards. The FSC is considered a mid-tier regulator—more credible than offshore regulators in places like Vanuatu or Belize, but less strict than FCA or ASIC. Many brokers use Mauritius licenses to expand into African and Asian markets. Traders should verify licenses on the FSC register and prefer brokers that also hold Tier-1 licenses for added safety.