Axi has expanded its regulatory footprint by securing
authorization in Mauritius, a move that signals continued interest among
brokers in offshore jurisdictions. The newly obtained license allows the firm
to operate as a full-service investment dealer.
Mauritius Approval Confirmed
Axi Markets (Mauritius) Limited received a Category SEC-2.1B
Investment Dealer license on May 14, 2026. The authorization, confirmed to
Finance Magnates by a representative from the firm, permits the company to act
as a full-service dealer, excluding underwriting activities.
The approval also appears in the official register of
licensees maintained by the Financial Services Commission (FSC) of Mauritius.
The regulator oversees non-banking financial services and positions the
jurisdiction as an international financial center.
Keep reading: Edgewater Markets Receives Mauritius Licence Following Gulf Expansion
Axi is also licensed in a number of other key jurisdictions,
according to disclosures on its own corporate and support pages. The broker
notes that its London operations are authorized by the UK Financial Conduct
Authority, describing the Axi Group as a multi‑licensed provider on its UK page.
Its Dubai business is operated via AxiCorp Financial Services Pty Ltd (DIFC
Branch), which holds a Category 4 licence with “Retail” permissions from the
Dubai Financial Services Authority.
In addition, Axi’s global timeline states that it has
registered a new company in Cyprus that is authorized and regulated by the
Cyprus Securities and Exchange Commission, positioning Cyprus as a relatively
new regulatory hub for its EU‑facing operations.
Beyond these onshore hubs, Axi also discloses an offshore
registration in St Vincent and the Grenadines through AxiTrader Limited.
Mauritius Gains Traction
Mauritius is increasingly positioning itself as an
attractive offshore hub for brokers, driven by reduced banking and payment
friction alongside a supportive regulatory environment.
Last month, Deriv opened a physical office in the island nation, two years after securing a licence from
the Financial Services Commission (FSC), with the move also aligning with its
broader strategy to place artificial intelligence at the centre of its
operations, mirroring wider industry shifts.
Not all brokers are doubling down on offshore expansion. AETOS
closed its offshore CFDs brokerage operations under its Mauritius-licensed
entity, ceasing the onboarding of new clients as part of a broader strategic
review. The move follows the broker’s earlier decision to surrender
its UK FCA license and dissolve its UK entity.
This article was written by Jared Kirui at www.financemagnates.com.
Source link
