Monetary Authority of Singapore (MAS)

Jurisdiction

Singapore. MAS licenses capital markets services firms serving Singapore residents.

Role

Requires a Capital Markets Services licence for leveraged foreign exchange trading, caps retail leverage at 1:20, requires client money segregation and applies strict conduct and capital rules.

Segregated client money, negative balance protection and a compensation scheme or its equivalent. Retail leverage cap: 1:20 for retail clients on most instruments.

Licence verification

Search the MAS Financial Institutions Directory by firm name and confirm the licence covers leveraged foreign exchange trading.

Open the MAS register (opens in a new tab) MAS website

Client protections

Segregated client money and close supervision. No statutory compensation scheme for forex clients.

Brokers regulated by MAS

15 brokers in our database hold a MAS licence through at least one entity. The licence applies to that entity only; check which one serves your country.

IC Markets 9.5/10

Tier-one regulated ASIC, CySEC, Seychelles FSA, Bahamas SCB, Kenya CMA

ReviewVisit IC Markets (opens in a new tab)

FxPro 9.1/10

Tier-one regulated FCA, CySEC, FSCA, SCB Bahamas, Seychelles FSA

ReviewVisit FxPro (opens in a new tab)

Plus500 8.9/10

Tier-one regulated FCA, ASIC, CySEC, FMA, FSCA, MAS, Seychelles FSA, DFSA, EFSA, SCB Bahamas, CIRO, ISA, JFSA, SCA, CFTC/NFA

ReviewVisit Plus500 (opens in a new tab)

eToro 8.8/10

Tier-one regulated FCA, CySEC, ASIC, Seychelles FSA, ADGM FSRA, MAS, SEC/FINRA

ReviewVisit eToro (opens in a new tab)

Eightcap 8.7/10

Tier-one regulated ASIC, FCA, CySEC, SCB Bahamas, Seychelles FSA, Mauritius FSC

ReviewVisit Eightcap (opens in a new tab)

MultiBank Group 8.5/10

Tier-one regulated ASIC, MAS, CySEC, CIMA, UAE SCA/CMA, Mauritius FSC, Seychelles FSA, Vanuatu VFSC, plus additional group registrations/licences

ReviewVisit MultiBank Group (opens in a new tab)

CMC Markets 8.0/10

Tier-one regulated FCA, ASIC, BaFin, MAS, FMA New Zealand, CIRO Canada, DFSA

ReviewVisit CMC Markets (opens in a new tab)

IG 8.0/10

Tier-one regulated FCA, ASIC, BaFin, FINMA, MAS, FMA New Zealand, JFSA, DFSA, BMA, NFA/CFTC

ReviewVisit IG (opens in a new tab)

Saxo Bank 8.0/10

Tier-one regulated Danish FSA, FCA, ASIC, FINMA, MAS, JFSA, SFC Hong Kong, DFSA, AMF/ACPR, other European regulators

ReviewVisit Saxo Bank (opens in a new tab)

Capital.com 7.9/10

Tier-one regulated FCA, ASIC, CySEC (319/17, 463/25), Securities Commission of The Bahamas, UAE Capital Market Authority

ReviewVisit Capital.com (opens in a new tab)

ActivTrades 7.7/10

Tier-one regulated FCA, Mauritius FSC, Securities Commission of The Bahamas

ReviewVisit ActivTrades (opens in a new tab)

FOREX.com 7.7/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, CIMA, MAS, JFSA, CySEC

ReviewVisit FOREX.com (opens in a new tab)

Swissquote 7.7/10

Tier-one regulated FINMA, FCA, CySEC, DFSA, MAS, SFC Hong Kong, MFSA

ReviewVisit Swissquote (opens in a new tab)

OANDA 6.4/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, other regional regulators

ReviewVisit OANDA (opens in a new tab)

City Index 6.3/10

Tier-one regulated FCA, ASIC, MAS, other StoneX group regulators

ReviewVisit City Index (opens in a new tab)

Regulatory facts are the authority's own published position at the last check. Verify any licence on the register before depositing.