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MAS Regulated Forex Brokers

The Monetary Authority of Singapore (MAS) is the central bank and financial regulator in Singapore.

MAS was founded in 1971 and is known for its very strict framework and vigorous oversight.

MAS and the British FCA are considered the most reputable financial regulators in the world.

Any Forex broker operating in Singapore must obtain a license from MAS in order to be allowed to operate.

🗺️ Country Singapore
💸 Leverage 1:20
🔒 Negative Balance Protection No
💰 Compensation Scheme No
🔗 Website mas.gov.sg

The leverage for retail clients is restricted to 1:20, however, Qualified Professional Investors can get leverage up to 1:50.

MAS Forex Brokers List

Below are some reputable forex brokers with entities in Singapore that are regulated by MAS.

You can also check yourself if a broker is regulated by MAS, by simply typing in the broker name in their directory: eservices.mas.gov.sg/fid

Please note most brokers automatically assign you to the relevant entity of their brokerage group.

If you are a European citizen, for instance, you normally get signed up under their EU entity (if applicable).

Saxo Bank

Saxo Bank is a Danish bank with entities in several jurisdictions, including Singapore.

Their entity in Singapore (Saxo Capital Markets Ltd.) is regulated by MAS and holds a Capital Markets Services Licensee.


Using a MAS-regulated forex broker is considered very safe and you can rest assured that the regulator keeps strict financial oversight.

If you specifically want to open an account with a MAS-regulated broker, and the brokerage group is regulated in your jurisdiction, you should contact the brokerage.

Top Brokers 2022


🏆 Best Overall Broker 2022
✅ Skilling Trader, MT4, cTrader
✅ Nordic Fintech
✅ 1:30 | 1:500

🏆 Best TradingView Broker
✅ Razor Low Spreads
✅ 1200+ Assets
✅ 1:30 | 1:400

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76 - 80% of retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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