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MAS Regulated Forex Brokers

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The Monetary Authority of Singapore (MAS) is the Singapore's central bank and financial regulatory authority founded in 1971. This Agency administers the various statutes pertaining to money, banking, insurance, securities, as well as financial sector in Singapore including forex brokerage and currency issuance.

MAS is also responsible for developing an online financial network, known as MASNET, which has grown into a communication hub that can be used for submitting MAS returns and for organizations such as banks and financial institutions to exchange data.

Forex Brokers who want to operate in Singapore are required to have a Capital Markets Service licence issued by MAS. Below is a list of MAS regulated forex brokers.


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Score Broker Country Regulation Min Deposit Max Leverage

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.



FAQ

Finding the best forex broker in Mas is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Mas, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.


The list in this page can be a good reference if you look to trade with in Mas. We have sorted specific forex brokers that accept clients from Mas, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.


If you are a beginner and looking for the right broker to trade forex in Mas, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.

Additional FAQ

Forex trading in Singapore is overseen by the Monetary Authority of Singapore (MAS). This regulatory body is very strict and alert in seeing suspicious broker or investment activities in its territory.

MAS prohibits brokers from operating without its regulation, protecting traders from fraud and fraudulent practices. Without regulation from MAS, brokers that reside in Singapore will be terminated immediately. In short, you can expect stable and secure forex trading in this country due to MAS' strict authority.

Continue Reading at Top 10 Countries to Live as a Forex Trader

The Singapore currency (SGD) is issued and monitored by the Monetary Authority of Singapore. MAS pegged its Dollar to the British Pound Sterling until the early 1970s, then switched to the US Dollar for a short period.

However, from 1985 onwards, the Monetary Authority of Singapore (MAS) closely monitored the Singapore Dollar's floating rate within an undisclosed bandwidth. The reason is to protect the currency against imported inflations and ensure their exports remain competitive.

Continue Reading at USD/SGD Trading: Why and How to Profit from It

Selecting a broker regulated by the Monetary Authority of Singapore (MAS) should be the foremost consideration when embarking on your trading journey in Singapore. MAS is Singapore's premier financial regulatory body, renowned for its unwavering commitment to maintaining the integrity and stability of the financial sector. When a broker is subject to MAS regulation, the institution adheres to the highest industry standards.

Continue Reading at Top Forex Brokers in Singapore

First, you can review the comparison between the broker's swap rates and the actual differences between the central bank's benchmark rates. If the comparison is not too drastic, then it can be concluded that your broker doesn't manipulate the swap rates.

However, if it is too extreme, this could be a sign that your broker is taking too much profit from overnight positions.

Continue Reading at Forex Broker Cheats and How to Anticipate Them


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