Alpari International Limited (Company Number № 119470 C1/GBL) is licensed by the Financial Services Commission as an Investment Dealer (Full Service Dealer, excluding Underwriting, License № C113012295) pursuant to Section 29 of the Securities Act 2005.
The Company's activity completely satisfies the requirements of legislation and is controlled by the following laws:
Alpari, one of the world's leading brands in online trading, services private and institutional clients all over the world. In Mauritius, Alpari International Limited is licensed as an Investment Dealer (Full Service Dealer, excluding Underwriting) by the Financial Services Commission of Mauritius and in Belize, Alpari Limited is licensed by the International Financial Services Commission of Belize for Trading in Foreign Exchange.
Alpari International Limited is an official member of the Financial Commission.
Established in 2001, the Financial Services Commission (the FSC) is the integrated regulator for the non-bank financial services sector and global businesses in Mauritius. Mandated under the Financial Services Act 2007 and under the auspices of the Securities Act 2005, the Insurance Act 2005 and the Private Pension Schemes Act 2012, the FSC licenses, regulates, monitors and supervises the conduct of business activities in these sectors.
One of the FSC's key objectives is to align its policies and practices with international best practice to better regulate and supervise of the non-banking financial services sector. Through its membership with international organizations, the FSC adheres to recognized norms and standards in order to maintain the good reputation of Mauritius in the financial services sector.
The FSC is a member of a number of prominent regulatory bodies, including the International Organization for Securities Commissions (IOSCO), the International Organization of Pension Supervisors (IOPS), the International Association of Insurance Supervisors (IAIS), the Financial Stability Board's Regional Consultative Group and the Southern Africa Development Community - Committee for insurance, Securities and Non-Bank Financial Authorities.
FSC's focus in defining international policy includes:
Financial stability depends upon the effective co-operation and exchange of information between regulators. To facilitate this, the FSC has signed several Multilateral Memorandum of Understanding (MMoU), Regional Memorandum of Understanding, MoUs (relating to the supervision of AIFMD entities) with the European Union (EU)/European Economic Area (EEA) Securities Regulators and MoUs with Foreign Authorities. A complete list of the MoUs is available here. For more information on the FSC, please visit their website at http://www.fscmauritius.org.
Regulated and licensed firms are obliged to meet strict financial standards when holding client funds. At Alpari International, our client funds are administered separately from our own proprietary funds. In this way, client funds are only used for the purpose specified by the client and are not used by Alpari International for any other purpose.
Alpari International provides sufficient capital to provide for business sustainability, and that operationally there are robust Disaster Recovery provisions in place which cover all essential and critical infrastructure elements, systems and networks, in accordance with our business activities.
Alpari International employees have a sufficiently professional level of training and knowledge so that they can accurately explain the products to clients and the associated risks involved in investing in these products.
Alpari International ensures that any information displayed/dispensed through marketing campaigns, advertisements, brochures or its website are clear and are not misleading.
Alpari International adopts, enforces and reassesses, on an annual basis, its AML/CFT framework.
Alpari International submits a rigorous set of audited reports and accounts at regular intervals to demonstrate compliance. Being an audited broker ensures that fair business practices are in use to protect clients’ funds from corruption or any fraudulent action. Although the process for a foreign exchange brokerage firm to satisfy the requirements for an audit are extremely onerous, we feel it is undeniably essential to demonstrate to our clients that we are in complete compliance across all facets of our business.
Alpari International is subject to audit to ensure that it is using true and fair policies prescribed by law and complies with all legal and regulatory requirements.
Alpari International, in its turn, is confident in the fullness and correctness of the financial audit which is being performed for it by BDO, one of the largest international audit firms.