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GO Markets obtained its Mauritius Investment Dealer licence on 20 February 2020, according to the company’s announcement and subsequent reporting. The news was published on 7 September 2020 by FX News Group, meaning the publication date should not be confused with the date the licence was issued.
The authorisation was granted to GO Markets Pty Ltd (MU), not to every company operating under the GO Markets brand. Its formal classification is Investment Dealer — Full Service Dealer, excluding Underwriting.
Licence details
| Item | Detail |
|---|---|
| Licensed entity | GO Markets Pty Ltd (MU) |
| Mauritius company number | 170969 |
| Licence number | GB 19024896 |
| Licence type | Investment Dealer — Full Service Dealer, excluding Underwriting |
| Regulator | Financial Services Commission of Mauritius |
| Licence date | 20 February 2020 |
| Public announcement date | 7 September 2020 |
GO Markets currently lists the Mauritius company’s registered office as Level 7, Office 9, ICONEBENE, Lot B441, Rue de L’Institut, Ebene, Mauritius. The company continues to identify the Mauritius entity and licence number on its public website and Mauritius client documents.
What the Mauritius authorisation covers
GO Markets’ Mauritius Disclosure Statement says the authorisation permits the company to deal in derivatives and foreign-exchange contracts. It also says the company may make a market for foreign-exchange and derivative contracts by quoting market prices to clients.
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The products described in the disclosure include:
- Contracts for difference, or CFDs; and
- Margin foreign exchange products.
These are described as over-the-counter derivatives offered through the company’s trading platform. The licence classification is consistent with an investment-dealer authorisation under Mauritius’s securities framework, but the exact permitted activities should be read alongside the company’s disclosure documents and the conditions attached to the licence.
Why “excluding underwriting” matters
The full legal description is not simply “full-service dealer.” It is Full Service Dealer, excluding Underwriting.
Mauritius’s licensing framework lists separate categories for:
- Full Service Dealer including Underwriting;
- Full Service Dealer excluding Underwriting;
- Investment Dealer (Derivatives);
- Investment Dealer (Broker); and
- Investment Dealer (Discount Broker).
GO Markets’ licence falls under the category identified by the FSC as SEC-2.1B — Investment Dealer (Full Service Dealer excluding Underwriting), established under section 29 of the Financial Services Act 2007. Reports should therefore not say that GO Markets holds underwriting authorisation in Mauritius.
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What the licence does not mean
The Mauritius licence is a regulatory authorisation for a specific legal entity. It is not a global licence for the GO Markets brand and does not automatically apply to clients who contract with another company in the group.
GO Markets identifies separate regulated entities in jurisdictions including Australia, Cyprus and Mauritius. The relevant entity depends on the client’s country, onboarding route and account agreement. A prospective customer should check the legal name and licence information in the account-opening documents rather than relying only on the brand name displayed on a website.
The authorisation also does not guarantee trading profits or remove the risks associated with leveraged products. GO Markets’ Mauritius documents warn that CFDs and margin foreign exchange involve a high risk of loss. Depending on the product and account terms, a trader may lose a substantial amount of money and potentially more than the initial amount deposited.
How to check the licence
The Financial Services Commission of Mauritius provides a public Register of Licensees. To check the authorisation:
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- Open the FSC’s Register of Licensees.
- Search for GO Markets Pty Ltd (MU), rather than only searching for “GO Markets.”
- Compare the displayed licence number with GB 19024896.
- Check the licence category and the status shown in the register.
- Compare the registered entity with the legal name in the broker’s account-opening and terms documents.
The FSC’s securities pages and codified licensing list provide the regulatory context for the Investment Dealer categories. GO Markets also publishes Mauritius-specific documents, including its disclosure statement, terms and conditions, and other client information.
Timeline
| Date | Event |
|---|---|
| 20 February 2020 | GO Markets obtained the Mauritius Investment Dealer licence. |
| 7 September 2020 | FX News Group reported the licence and described it as supporting GO Markets’ expansion into the Middle East, Africa and Asia. |
The distinction is important because a September 2020 report may otherwise be misread as evidence that the licence was issued on 7 September. The licence date was several months earlier.
Sources and documents
- FX News Group report on the licence
- GO Markets — About Us
- GO Markets Mauritius documents
- GO Markets Mauritius Disclosure Statement
- FSC Mauritius — Codified List of Licences
- FSC Mauritius — Securities
- FSC Mauritius — Register of Licensees
FAQ
When did GO Markets obtain its Mauritius licence?
GO Markets obtained the licence on 20 February 2020. The announcement was publicly reported on 7 September 2020, which was not the licence-issue date.
Which company holds the Mauritius licence?
The licence is held by GO Markets Pty Ltd (MU), Mauritius company number 170969. Its licence number is GB 19024896.
What type of licence does GO Markets hold in Mauritius?
The formal category is Investment Dealer — Full Service Dealer, excluding Underwriting. The FSC identifies this category as SEC-2.1B.
Does the licence cover underwriting?
No. The licence expressly excludes underwriting. Mauritius lists full-service dealer licences with and without underwriting as separate categories.
Does the Mauritius licence apply to every GO Markets customer?
No. It applies to the named Mauritius legal entity. GO Markets operates through multiple entities, so the applicable regulator depends on the customer’s onboarding jurisdiction and account documents.
Does the licence make CFD or forex trading safe?
No. A licence is a regulatory authorisation, not a guarantee against losses. CFDs and margin foreign exchange are leveraged products and carry a high risk of losing money.
The Bottom Line
GO Markets’ Mauritius authorisation was issued on 20 February 2020 to GO Markets Pty Ltd (MU) under licence number GB 19024896. It is an Investment Dealer — Full Service Dealer, excluding Underwriting licence. The company’s Mauritius disclosures cover derivatives, foreign-exchange contracts, CFDs and Margin FX, but the authorisation belongs only to the Mauritius entity and does not guarantee trading profits or eliminate investment risk.
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