Foreign currency and exchange are a constantly shifting arena that can be enticing to break into. Learning more about the state of forex (or foreign exchange) in other countries can be of great benefit to new forex brokers just starting out. You can always study the larger conversion markets like the EUR/USD market, for example, but looking into smaller financial hubs around the world may also prove lucrative for you.
Mauritius is quickly growing to be a huge investment hub of Africa. With its strategic location, investment protection treaties, and a central hub of international banks and investment funds, Mauritius forex brokers are helping to shape the financial landscape across the world!
Mauritius is an East African island country located within the Indian Ocean. The financial and insurance activities within this country alone contributed to around 11.7 percent of the country’s overall GDP in 2018.
It boasts a number of financial products and services available to investors worldwide. The most notable of which include private banking, global business, investment banking, and forex brokerage.
Mauritius is in a prime location to perform trade with neighboring countries, including surrounding African, European, Asian, and Oceania countries. American investors will also find themselves doing well in Mauritius. Indeed, this country is so well-connected that it currently has an exchange information mechanism with 127 jurisdictions.
Though Mauritius has no official language, both English and French are commonly spoken in the National Assembly and other government and business sectors. The population as a whole is multilingual, allowing for even more diverse trade and culture. Currencies from all around the world can be bought, sold, and exchanged easily from any point in the world at any time of day.
Because of its transparent taxation, investors and forex brokers of all kinds find Mauritius to be an excellent hub for forex trading. The explosion of cryptocurrencies online also opens the gateway for trading those sorts of currencies as well. Many reputable Mauritius forex brokers even specialize in online or cryptocurrencies, so you can easily dip your toes into this relatively new phenomenon with very little risk.
Essentially, forex brokers allow their customers to buy and trade in other currencies from around the world. To make a profit, a forex broker must close a trade when the exchange rate of any particular two currencies is higher than the other they have sold.
It is quite simple for anyone around the world to become a forex broker. You can even open a forex broker account within Mauritius from anywhere online.
Rest assured that all forex brokers in Mauritius are regulated by the country’s Financial Services Commission. This Commission’s regulations are a bit laxer than their European or American counterparts all while maintaining high trading leverage among brokers based there. Mauritius boasts a strong legal framework from which brokers and their customers alike can benefit.