MAS Regulated Forex Brokers
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.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
|
Plus500 Australia 2008 |
ASIC 417727 CySEC, 250/14 FCA (UK), 509909 FSCA (South Africa), 47546 ISA (Israel), 5 Monetary Authority of Singapore, 2017-12-11 |
1:300 | $100 | Review | |
|
City Index United Arab Emirates 2001 |
ASIC, ACN 141 774 727, AFSL 345646 FCA (UK) 113942 Monetary Authority of Singapore, 200400922K |
1:30 | $250 | Review | |
|
Interactive Brokers Australia 1977 |
ASIC, 453554 Central Bank of Ireland 23.12.2020 CFTC/NFA, 0258600 FCA (UK), 208159 Monetary Authority of Singapore, CMS100917 SEC (US), 8-47257 |
1:100 | $10000 | Review |
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.
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