FundingPips Secures Mauritius Licence After Comoros Shift
FundingPips obtained a mauritius Investment Dealer licence in June 2026, adding another prop trading firm to the list of companies now presenting brokerage services from Mauritius rather than the Comoros. FNmarkets, Hola Prime and Finotive Markets have also secured Mauritius licences in recent months, following earlier set-ups in Comoros.
Comoros Footing, Mauritius Register
FundingPips, FundedNext’s FNmarkets, Hola Prime and Finotive Markets first used Comoros entities after MetaQuotes tightened its rules on white-label arrangements with proprietary trading firms in early 2024. A growing number of firms found a workaround in the Comoros after being cut off from the MetaTrader platforms their evaluation models relied on.
The move to Mauritius changes the public face of those businesses. Several of the firms now offer their brokerage services from Mauritius instead of from the Comoros, and Mauritius has become the offshore destination of choice for established CFD brokers.
MISA and the Comoros Register
The Comoros licensing route drew scrutiny because the licences are issued by island-level bodies such as the Mwali International Services Authority. The Banque Centrale des Comores has said those authorities lack the legal standing to license financial firms, and it has described the MISA register as a fabricated entity with no genuine presence in the Union’s jurisdiction.
That dispute left firms facing a practical choice between a questioned offshore structure and a more established one. FundingPips and the other companies that moved have now attached themselves to Mauritius, where many established CFD brokers run their global offshore operations under a Mauritius licence.
Mauritius Offshore Advantage
Mauritius offers a genuine public register, tax advantages, treaty access and a recognised framework that the Comoros cannot readily match. For prop firms that first registered in Comoros, the shift points to a push for offshore legitimacy after the earlier arrangement came under scrutiny.
FundingPips’ June 2026 licence gives the firm a clearer Mauritius-based corporate footing, while FNmarkets, Hola Prime and Finotive Markets have already been authorised under the FSC. The next question for customers and counterparties is which entity each firm uses when it presents its brokerage services, because that choice tells them which jurisdiction is carrying the business.
