Axi Expands into Mauritius with New Dealer License as More Brokers Eye Offshore Hubs

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, adding another layer to its global structure.

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 firm representative, permits the company to act as a full-service dealer, excluding underwriting activities. The approval is listed in the official register of licensees maintained by Mauritius's Financial Services Commission.

According to its corporate disclosures, Axi holds licenses in several other key jurisdictions. Its London operations are authorized by the UK Financial Conduct Authority, while its Dubai business operates via a DFSA-licensed entity. The broker has also registered a new CySEC-regulated company in Cyprus and maintains an offshore registration in St Vincent and the Grenadines.

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, following its own license acquisition two years prior.