MAS Regulated Forex Brokers In Singapore

A forex broker regulated by MAS (Monetary Authority of Singapore) must hold a Singaporean Capital Markets Services License. Additionally, top forex brokers offer low fees, tight spreads, and tools to develop trading strategies. Below, the top 5 2020 MAS regulated forex brokers are reviewed based on trading platforms, CFDs, minimum deposits and fees, trading accounts and spreads, as well as the demo account offered.

Forex Brokers In Singapore

MAS Regulated Forex Brokers in Singapore

Below we review the top MAS (Monetary Authority of Singapore) regulated forex brokers in Singapore. The top 5 forex brokers in Singapore for 2020 are reviewed on the following criteria:

  1. Trading Platforms
  2. CFD and Forex Product Range
  3. Minimum Deposit and Fees
  4. Trading Accounts and Spreads
  5. Demo Accounts

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) is Singapore’s financial regulatory authority that oversees the country’s financial sector. As well as ensuring financial markets run fairly and efficiently, MAS operates as Singapore’s Central Bank. To be a MAS regulated forex broker and deal in the foreign exchanges markets, brokers must hold a Capital Markets Services License  Globally MAS is seen as a credible financial authority, with a strong reputation of ensuring Singapore’s financial markets function competitively.

MAS (Monetary Authority of Singapore) is seen as a credible regulatory body by financial institutions and investors worldwide. As Singapore is the largest financial hub in Southeast Asia, MAS encourages competitive but fair financial markets and trading conditions. Like ASIC (Australian Securities and Investments Commission) and CySEC (The Cyprus Securities and Exchange Commission), MAS requires companies and representatives to separate client funds from operational capital, as well as hold a Capital Markets Services License.

No, forex, cryptocurrency, and CFD trading is not a scam and a legal investment activity in Singapore. Although legal and overseen by a top-tier regulatory authority (MAS), trading forex comes with a high risk that prospective traders should understand prior to participating in the foreign exchange market. This high level of risk varies with asset classes. Trading CFDs, forex, cryptocurrencies are considered to carry a high level of risk due to historically volatile market conditions.

Full List Of MAS Regulated Forex Brokers

MAS BrokersCo. Reg. No
OANDA Asia Pacific Pte. Ltd.200704926K
Balyasny Asset Management (Singapore) Pte. Ltd.201619395D
Blackrock (Singapore) Limited200010143N
Caxton (Singapore) Pte. Ltd.201608384E
CGS-CIMB Securities (Singapore) Pte. Ltd.198701621D
Citigroup Global Markets Singapore Pte. Ltd.199002673E
CMC Markets Singapore Pte Ltd200605050E
Eaton Vance Management International (Asia) Pte. Ltd.201018767G
First State Investments (Singapore)196900420D
GMO Singapore Pte. Limited200301509R
Goldman Sachs (Singapore) Pte.198602165W
Haitong International Financial Services (Singapore) Pte. Ltd.199804150R
HGNH International Financial (Singapore) Pte. Ltd.201632142Z
Interactive BrokersPending Jan 2020
INTL FCStone Pte. Ltd.201130598R
KGI Securities (Singapore) Pte. Ltd195500144H
Long Asia Capital Pte. Ltd.199908215D
Maybank Kim Eng Securities Pte. Ltd.197201256N
Merrill Lynch (Singapore) Pte. Ltd.198602883D
MF Global Singapore Pte Limited (In Creditors' Voluntary Liquidation198403253G
Millennium Capital Management (Singapore) Pte. Ltd.200617839E
Morgan Stanley Asia (Singapore) Pte.199206298Z
OCBC Securities Private Limited196600262R
Orient Futures International (Singapore) Pte. Ltd.201831776Z
Phillip Futures Pte Ltd198305695G
Plus500SG Pte. Ltd.201422211Z
Point72 Asia (Singapore) Pte. Ltd.200914693H
Saxo Capital Markets Pte. Ltd.200601141M
SCB-Julius Baer (Singapore) Pte. Ltd.201825230W
SG Securities (Singapore) Pte. Ltd.198200823Z
Straits Financial Services Pte. Ltd.201023452M
Swissquote Pte. Ltd.201906194G
Systematica Investments Singapore Pte. Ltd.201431676K
UOB Bullion And Futures Limited193500026Z
UOB Kay Hian Private Limited197000447W
Worldquant (Singapore) Pte. Ltd.200914678W

We have created a page to help you choose a broker if you need more information to help you decide which CFD broker is right for you.

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