Axi has secured a Category SEC-2.1B Investment Dealer license in Mauritius, effective May 14, 2026, allowing the broker to operate as a full-service dealer excluding underwriting activities. The authorization from the Financial Services Commission expands Axi’s already diverse regulatory footprint, which includes licenses in the UK, Dubai, Cyprus, and St Vincent and the Grenadines.
The Mauritius approval reflects growing broker interest in the jurisdiction as an offshore hub, driven by reduced banking friction and supportive regulation. Deriv recently opened a physical office there following its 2024 license approval. However, the trend isn’t universal—AETOS recently shuttered its Mauritius CFD operations as part of a strategic review.
Mauritius continues positioning itself as an international financial center, offering brokers an alternative regulatory pathway while maintaining FSC oversight of non-banking financial services. The move strengthens Axi’s multi-jurisdictional strategy as competition for cross-border client access intensifies.
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FXnCO Insight
** Brokers expanding into Mauritius gain payment infrastructure advantages, but traders should monitor which entities hold their accounts as regulatory protection varies significantly between offshore and onshore licenses.
Source: Finance Magnates