Prop trading firm Funding Pips has obtained a Securities Dealer licence in Mauritius.
According to records from the Financial Services Commission (FSC) Mauritius, Fundingpips Ltd was granted a SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence on June 8, 2026.
The licence gives the company a regulated presence in one of the more established offshore financial centres used by brokers, trading firms, and fintech companies.
Funding Pips has emerged as one of the larger players in the prop trading industry over the last two years, offering traders access to funded trading accounts through its evaluation programmes.
The move is notable because Funding Pips’ existing prop trading operations have been associated with its Comoros-based entities.
The Comoros licence has historically been viewed as one of the lighter-touch regulatory frameworks used within the retail trading industry, with many firms favouring more established jurisdictions as they expand.
Industry participants have also speculated that MetaQuotes may be placing greater emphasis on the regulatory standing of firms and the jurisdictions in which they operate.
Funding Pips has not commented on whether the new Mauritian licence is linked to any such considerations.
While the company has not publicly outlined its plans for the Mauritian entity, the licence could provide greater flexibility for future regulated activities and international expansion.
Funding Pips joins a growing list of prop trading firms that have pursued regulated licences as the sector continues to mature.
