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
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
ASIC, ACN 141 774 727, AFSL 345646
FCA (UK) 113942
Monetary Authority of Singapore, 200400922K
1:30 $250 Review
Interactive Brokers
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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