What we are.What we are not.
Drovix (MU) Ltd operates a single regulatory perimeter — the FSC of Mauritius — and serves only institutional and professional counterparties. This page lays out, in plain language, the authorisations we hold, the authorisations we do not, and the jurisdictions where our services are not available.
Authorisations We Hold
What Drovix (MU) Ltd is licensed to do.
Authorised by the FSC of Mauritius
Drovix (MU) Ltd is authorised and regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer (Full Service Dealer) under licence number GB21026813.
Full Service Dealer scope
Permitted activities include acting as intermediary for client orders, principal trading in securities (including market-making in eligible instruments), portfolio management on a discretionary basis, and giving investment advice ancillary to dealing activity, in line with the Securities Act 2005 and the Securities (Licensing) Rules 2007.
Institutional and professional counterparties only
Onboarding is restricted to eligible counterparties, professional clients, regulated intermediaries and sophisticated investors as defined under the Mauritian regulatory framework. We do not deal with individual retail investors.
AML / KYB framework
Anti-money laundering and counter-terrorist financing controls are applied in line with the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) and the FSC AML/CFT Code 2020. Beneficial ownership, sanctions and politically-exposed-person screening are performed on every counterparty.
Authorisations We Do Not Hold
We do not hold ourselves out as anything we are not.
Not authorised by the FCA (United Kingdom)
Drovix (MU) Ltd is not authorised by the United Kingdom Financial Conduct Authority. Nothing on this website constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 (FSMA), and nothing here is directed at UK retail clients.
Not registered with the SEC, CFTC or NFA (United States)
We are not registered as a broker-dealer with the U.S. Securities and Exchange Commission, nor as a Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission / National Futures Association. Services are not offered to U.S. persons within the meaning of Regulation S.
Not authorised under MiFID II in the EU / EEA
Drovix (MU) Ltd does not hold an investment-firm authorisation in any EU / EEA member state and does not passport MiFID II services into the EU / EEA. Services are not directed at EU retail clients.
Not a deposit-taking institution
Drovix (MU) Ltd is not a bank and does not accept deposits from the public within the meaning of the Banking Act of Mauritius. Client money is held in segregated accounts in accordance with FSC rules.
No investor compensation scheme
The Financial Services Commission of Mauritius does not operate an investor compensation fund. Client funds are not protected by any government deposit guarantee or investor compensation scheme.
Pending Applications
Applications under consideration.
United Kingdom — FCA application pending
A group entity has submitted an application to the United Kingdom Financial Conduct Authority. The application is currently under consideration. No authorisation has been granted, no UK clients have been onboarded under that application, and no services are offered to UK persons through Drovix (MU) Ltd or any affiliated entity in reliance on the pending application. This statement is factual disclosure and is not a representation that authorisation will be granted, nor a financial promotion under section 21 of FSMA 2000.
Should authorisation be granted, this page will be updated and the relevant entity, firm reference number and scope of permission will be disclosed in full.
Out of Scope
Jurisdictions where our services are not available.
Drovix (MU) Ltd does not solicit or accept business from the following jurisdictions or client categories. Onboarding is screened against this list together with sanctions, IP geolocation and declared residence.
This list reflects current regulatory posture and may be updated. Drovix does not rely on reverse-solicitation as a routine onboarding route, and reverse-solicitation arguments cannot be used to bypass retail rules, sanctions or applicable cross-border regulation. Where an eligible counterparty in a restricted jurisdiction contacts Drovix on its own exclusive initiative, any engagement is subject to prior compliance approval and documented acknowledgement under our restricted-jurisdiction controls.
The Regime In Practice
What an FSC investment-dealer authorisation means in practice.
A Full Service Dealer authorisation is not a badge — it is a set of continuing obligations. The points below describe, at a high level, the framework within which Drovix (MU) Ltd operates as a licensed investment dealer. They are commitments to a regulated standard of conduct, not guarantees of outcome, and they do not create any investor-compensation entitlement.
Conduct of business
As an FSC-licensed investment dealer, Drovix (MU) Ltd is expected to deal with eligible counterparties fairly, honestly and professionally, and to manage conflicts of interest in line with the conduct obligations set out under the Securities Act 2005 and applicable FSC rules.
Client-monies segregation
Counterparty cash collateral is held in segregated accounts with custodian banks, kept separate from the firm's own funds in accordance with FSC client-monies rules, with reconciliation and independent audit.
AML / CFT obligations
Ongoing customer due diligence, beneficial-ownership identification, sanctions and politically-exposed-person screening and suspicious-transaction reporting are maintained in line with FIAMLA 2002 and the FSC AML/CFT Code 2020.
Record-keeping & reporting
The firm maintains books, records and transaction logs and reports to the FSC as required, supporting supervision, audit and counterparty due-diligence requests.
Governance & fitness
Officers and controllers are subject to fit-and-proper assessment, and the firm operates a compliance function and governance arrangements appropriate to a licensed investment dealer.
Ongoing supervision
As a licensed entity, Drovix (MU) Ltd is subject to ongoing FSC supervision and to the conditions attached to its licence. These obligations describe a regulatory framework — they are not a guarantee against loss.
The descriptions above summarise general obligations under the Mauritian framework and are not a substitute for the Securities Act 2005, the Securities (Licensing) Rules 2007, FIAMLA 2002, the FSC AML/CFT Code 2020 or the specific conditions attached to licence GB21026813.
Presentation Integrity
How we present our regulatory status.
Regulatory authorisations are precise instruments, and we treat them as such. We state only what Drovix (MU) Ltd actually holds, we do not stretch that status across other entities or services, and we do not use it to reach clients or jurisdictions outside our perimeter.
Authorisations are entity-specific
The FSC authorisation is held by Drovix (MU) Ltd alone. It does not extend automatically to any affiliate, group company, offshore entity or brand, and no other entity may rely on it to hold itself out as authorised.
No retail business
The licence is used to serve eligible counterparties, professional clients and other categories permitted under the Mauritian framework. We do not onboard, solicit or deal with individual retail investors.
No status in unauthorised marketing
Drovix does not use its regulatory status to promote services it is not authorised to provide, or to market into jurisdictions where those services are not permitted. The status is stated only for what it is.
Disclosed and kept current
Where our authorisations or pending applications change, this page is updated. We disclose what we hold, avoid implying permissions we do not have, and present the perimeter consistently across our materials.
Counterparty Protections
The controls behind a Drovix relationship.
Onboarding only eligible counterparties does not remove the need for controls — it raises the bar. The framework below sits behind every relationship and is consistent with the risk-and-controls posture applied across Drovix. None of these controls constitutes a government guarantee or investor-compensation scheme.
Entity & UBO verification
Structured Know-Your-Business onboarding verifies the counterparty entity, its beneficial owners and authorised signatories before any dealing relationship is established.
Segregation principles
Counterparty cash collateral is held separately from company funds in segregated accounts with custodian banking partners, subject to reconciliation and independent reporting.
Sanctions, PEP & adverse-media screening
Every counterparty is screened against applicable sanctions lists, politically-exposed-person criteria and adverse-media sources at onboarding and on an ongoing basis.
Conflicts-of-interest management
Conflicts arising from principal dealing and bilateral OTC activity are identified and managed under documented policies appropriate to a licensed investment dealer.
Governance & compliance oversight
A compliance function, fit-and-proper controllers and internal governance arrangements oversee the firm's conduct, escalation and approval processes.
Audit trail & ongoing monitoring
Books, records and transaction logs are retained to support audit, supervision and ongoing monitoring of counterparty relationships throughout their lifecycle.
For the full picture, see our restricted jurisdictions and risk & controls pages, alongside the full regulation page.
Leveraged OTC products, including Forex and CFDs, carry a high level of risk and a counterparty may lose more than its initial margin. The Drovix offering is directed exclusively at Eligible Counterparties and Professional Clients; Drovix does not provide services to retail clients.