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.

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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.

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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 Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term 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.