Mitrade licence record
Is Mitrade regulated by the FSC (MU)?
Yes, according to our records. Mitrade is matched to a licence from the Financial Services Commission, Mauritius (Mauritius). Confirm it on the register before relying on it.
Search the FSC (MU) register FSC (MU) warnings All Mitrade licences
What the FSC (MU) licence means
Our records show that, Mitrade holds a licence from the Financial Services Commission, Mauritius (FSC (MU)), the financial regulator for Mauritius. We classify the FSC (MU) as tier 3 — moderate regulation. Established offshore or emerging-market regulators with capital and reporting requirements but limited retail protection.
For Mitrade clients whose account is held by its FSC (MU)-regulated entity, the key protections are: compensation — No compensation scheme; retail leverage — No statutory cap; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Client money segregation required for Investment Dealers. Disputes can be taken to Office of the Ombudsperson for Financial Services.
Mitrade is also matched to licences from ASIC, CySEC and CIMA. ASIC and CySEC are rated higher than the FSC (MU) in our methodology, so if you are eligible for those entities you may get stronger protection.
Protection at a glance
- Regulator tier
- Tier 3 — Moderate regulation
- Compensation scheme
- No compensation scheme
- Retail leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Client money segregation required for Investment Dealers
- Complaints
- Office of the Ombudsperson for Financial Services
How to verify this licence
- Open Mitrade's client agreement or website footer and note the exact company name and FSC (MU) licence number.
- Search that name or number on the official FSC (MU) register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (mitrade.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the FSC (MU) warnings page and IOSCO I-SCAN for the brand name.
Mitrade's other licences
Frequently asked questions
Is Mitrade regulated by the FSC (MU)?
Our database records Mitrade as holding a licence from the Financial Services Commission, Mauritius. Confirm the current status on the FSC (MU) register: https://www.fscmauritius.org/en/supervision/register-of-licensees
Does the FSC (MU) licence protect all Mitrade clients?
No. It protects clients whose account is with the specific Mitrade company licensed by the FSC (MU). Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for Mitrade clients under the FSC (MU)?
No compensation scheme
What leverage can Mitrade offer under the FSC (MU)?
No statutory cap