MAS Regulated Forex Brokers in Singapore (Full List Updated)

The most secure forex brokers in Singapore are MAS regulated by Monetary Authority of Singapore. After a thorough research we have put together a list of the best MAS regulated forex brokers. Our team of experts has compared trading platforms, demo accounts, average spreads and fees, minimum deposits, customer service and much more!

Here is the list of the best Singapore forex brokers.

MAS regulated forex brokers

Full List of MAS Regulated Forex Brokers Singapore

Broker More InfoBenefits PlatformsReview



  • 70+ Currency fx pairs
  • SGD base account currency
  • Min deposit $1
  • Fast & safe deposits/withdrawals
  • All SGD currency crosses available
  • Average EUR/USD spread 0,09 Pip
  • ECN Razor spread 0.0 Pip
  • Regulated: UK, EU, UAE, Asia, Australia
  • Islamic Accounts
MT4; MT5,
Pepperstone Review



  • $30 No Deposit Bonus
  • Leverage: 1000:1
  • Min Deposit  $5
  • Base Account Currency SGD, USD
  • 56 Currency pairs
  • Fegulated: UK, EU, AU, South Africa
  • Islamic Accounts
  • FX Spreads from 0 Pips
  • English support 24/5
MT4 / MT5
XM Apps
XM Review
  • 50% Welcome Bonus
  • Min. First Deposit $25
  • Forex spreads from 0.7 Pip
  • CopyTrading
  • Negative balance protection
  • Fast deposits/withdrawals
  • Regulated in SVG and Cyprus
MT4, MT5

  • Perfect for beginners
  • Min Deposit $100
  • Forex Spreads from 0.2 Pip
  • Intuitive and easy to use 
  • Strictly Regulated & Licensed
  • FOREX, Shares CFDs, Cryptocurrencies, 
  • 46 Currency pairs
  • Access to 2000+ markets
  • Quality Online education
  • Fast Withdrawals
MT4 Metatrader
  • Leverage up to 1000:1
  • Bonuses up to 100%
  • Min Deposit $50
  • Average EUR/USD 0.8 Pips
  • Islamic Accounts
  • 48 currency pairs
  • Spread: from 0 Pips
MT4, MT5
HFM App for iOS/Android
Hotforex Review

What is the MAS Monetary Authority of Singapore ?

The MAS or Monetary Authority of Singapore is the central bank and integrated financial regulator in the city-state of Singapore. The MAS was founded in 1971 to manage various monetary functions and policies. This helped the MAS progress into a powerful and well-known regulatory agency.

mas monetary Authority of Singapore

They also oversee financial markets, including the stock exchange, to ensure proper conduct and investor education to help traders who contribute to the economic growth in Singapore. One of their main goals is to help further develop the city-state as an international financial center.

MAS has many additional responsibilities related to the development of the financial market. They aid in fraud prevention, workflow applications, information provision, and more. Their services have helped lead Singapore to financial success.

The MAS is a top-tier financial authority established to help keep traders financially safe when trading in the market. Main purpose of MAS is also to keep traders at ease when there is already enough volatility to consider when making important decisions as they buy and sell on the market.

The continuous growth has attracted a surplus of international investors, allowing Singapore to accommodate a vast range of trading companies and brokers. The MAS regulations help protect traders and ensure that trading practices remain within the legal guidelines.

The benefits of MAS licensed brokers

MAS forex brokers are world-known companies because of Singapore’s success as a financial center for Southeast Asia. Companies like IG Oanda CMC Markets Saxo must comply with very strict forex market regulations as they offer trade services and build strong reputations within the stock market through their brokerage firms in Singapore.

The operations of a variety of financial companies and institutions based in Singapore work together with the financial regulatory development of the city-state alongside and under the supervision of the Monetary Authority of Singapore.

Every investment service firm must be authorized and submit a MAS license before they can begin operations. Otherwise, they do not adhere to the strict regulations of the institution. Since MAS is one of the most strict and well-developed authorities, they regularly update their policies and work closely with clients to ensure financial protection.

Licensed brokers are required to prove their credibility by providing a list of their employees and their qualifications before they can open for business. They also must adhere to strict accounting and bookkeeping guidelines to prove the separate movement of client and business funds.

Brokers under these regulations are required to ensure that money traders use or deposit within their platforms is kept safe if the broker were to collapse or liquidate. The regulations include measures that have been taken to ensure the financial stability and the financial health of the broker. They also prevent the ability of trader funds from being used for the brokerage’s business activities.

As a trader, you want to use a platform offered by a broker that is MAS regulated to keep yourself and your money safe. When the firm is not regulated, you are at risk of losing any of the money that you have on the platform.

Final Thoughts

Brokerages that are MAS regulated are maintained in the most secure investment environment. The strong client protection policies enforced by the MAS ensure that traders are financially protected from the brokers they choose to trade with. These brokers tend to be the highest-ranked globally due to the constant supervision that guarantees they adhere to the enforced regulations.

Many brokers in Singapore are international companies, but the initiatives led by the MAS focus on the local population to prevent false registration. Before choosing a broker, you should always fact-check that they are regulated by the MAS or another certified governing body to guarantee you are protected.

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