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Top Singapore Forex Brokers - MAS Regulated

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, May 22nd, 2018


Trading forex (currencies) in Singapore is popular among residents. Before any fx broker in Singapore can accept forex and CFD traders as clients, they must become authorised by the Monetary Authority of Singapore (MAS), which is the financial regulatory body in Singapore. MAS's website is mas.gov.sg. We recommend Singaporean residents to follow the MAS on twitter, @MAS_sg.

MAS is Singapore's Central Bank and financial markets regulatory body and was founded in 1971. For a historical breakdown, here's a link to the Monetary Authority of Singapore's webpage on Wikipedia.

Best Forex Brokers List Singapore

To find the best forex broker in Singapore, we created a list of all MAS authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for Singapore.

MAS Authorised (Singapore)Average Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverall
IG Yes 0.75£100.0097 5 Stars
Saxo Bank Yes 1.00$10,000.0094 5 Stars
Forex.com Yes 1.30$250.0092 4.5 Stars
City Index Yes 0.69 £100.0092 4.5 Stars
CMC Markets Yes 0.772$0.0090 4.5 Stars
OANDA Yes 1.20$0.0090 4 Stars
Z.com Trade Yes N/A$5087 3.5 Stars

How to Verify MAS Authorisation

To identify if a forex broker is regulated by MAS, the first step is to identify the register number from the disclosure text at the bottom of the broker's Singapore homepage. For example, here's the key disclosure text from CMC Markets's website,

CMC Markets Singapore Pte. Ltd. (Reg. No./UEN 200605050E.) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in securities and leveraged foreign exchange, and is an exempt financial adviser.

Next, look up the firm on the MAS website to validate the register number is, in fact, legitimate. Here is the official MAS page for CMC Markets Singapore Pte. Ltd..

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.