10 Best MAS Regulated Forex Brokers
We have listed the 10 Best MAS Regulated Forex Brokers for trading global currency markets, offering secure execution, transparent pricing, and strict regulatory oversight. These brokers deliver competitive spreads, reliable trading platforms, ensuring that both beginners and professional traders can confidently access, manage, and trade forex markets with trust.
10 Best MAS Regulated Forex Brokers (2026)
- MultiBank Group – Overall, the Best MAS Regulated Forex Broker
- Saxo Bank – Powerful proprietary trading platforms
- Swissquote – High Regulation, Security, and, Trust Score
- Interactive Brokers – Advance Trading Platforms + Innovative Technology
- City Index – Wide Range of Account Types + Flexible Trading Conditions
- CMC Markets – Highly competitive and transparent pricing
- OANDA – Highly trusted, globally regulated broker
- IG – Award-winning proprietary app
- eToro – Social trading capabilities, specifically CopyTrader™
- XM – Fast trade execution with no requotes
Top 10 Forex Brokers (Globally)
1. MultiBank Group
 | Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
The broader MultiBank Group is regulated and closely supervised by over 15 financial regulators worldwide. MEX Global Markets represents the Group’s Singapore entity regulated by MAS. Moreover, MultiBank Group’s extensive regulatory network ensures a high level of oversight and investor protection, contributing to its reputation as a reliable and secure trading partner.
| Broker | MultiBank Group |
| Regulation | 🇦🇺 ASIC/AUSTRAC 🇩🇪 BaFin 🇦🇪 ESCA 🇨🇾 CySEC 🇲🇺 FSC 🇸🇬 MAS 🇻🇺 VFSC 🇰🇾 CIMA 🇦🇹 FMA 🇨🇳 TFG 🇸🇨 FSA 🇲🇳 FSCM 🇦🇪 VARA 🇪🇪 FIU |
| Minimum Deposit | 50 USD |
| Spreads From | 0.0 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) MultiBank-Plus Proprietary platforms/tools |
| CFDs Total | 20,000 + |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review |  |
| Trade Now |  |
Frequently Asked Questions
What is MultiBank Exchange Group?
MultiBank Exchange Group is a global financial services provider regulated by over 15 financial authorities worldwide, including the Monetary Authority of Singapore (MAS) through its Singapore entity, MEX Global Markets.
Does MultiBank Exchange Group offer leverage?
Yes, MultiBank provides leverage, with maximum levels depending on the account type and regulatory jurisdiction.
| Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit MAS regulation through MEX Global Markets PTE. LTD. | Higher minimum deposits on some account types |
| Wide range of forex pairs and CFD instruments | Leverage and product availability may vary |
| Competitive ECN spreads | Some online reviews note mixed user experiences |
| Supports popular platforms like MetaTrader 4 & 5 | Complex corporate structure |
| 24/7 multilingual customer support | Not available for U.S. clients |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
MultiBank Exchange Group stands out for its extensive regulation and competitive trading conditions, making it a solid choice for traders seeking reliability and a broad range of instruments.
2. Saxo Bank
 | Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
Saxo Bank is a trusted and highly regulated Forex broker that holds a ‘capital markets services license’ under the Monetary Authority of Singapore (MAS). Moreover, Saxo Bank offers a comprehensive suite of trading services, including access to a wide range of financial instruments such as forex, stocks, commodities, and bonds.
| Broker Review | Saxo Bank |
| Regulation | 🇩🇰 DFSA 🇬🇧 FCA 🇨🇭 FINMA 🇸🇬 MAS 🇦🇺 ASIC 🇫🇷 ACPR 🇮🇹 CONSOB 🇯🇵 FSA 🇭🇰 SFC |
| Minimum Deposit | 0 USD |
| Spreads From | 0.4 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:30 |
| Trading Platforms | SaxoTraderGO SaxoTraderPRO |
| CFDs Total | 9,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now |  |
Frequently Asked Questions
Is Saxo Bank suitable for beginners?
While Saxo Bank offers advanced tools and features, it may be complex for beginners. However, it provides educational resources to assist new traders.
What are Saxo Bank’s trading fees?
Saxo Bank’s trading fees include spreads and commissions, which can vary depending on the asset class and trading volume.
| Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulation | High entry thresholds |
| Extensive market access | No MetaTrader support |
| Award-winning proprietary platforms | Complex fee structure |
| Professional-grade research & tools | Limited account features for smaller traders |
| Competitive pricing for active traders | Mixed support experiences |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
Saxo Bank is renowned for its strong regulatory compliance, ensuring a secure and transparent trading environment for its clients. The broker provides advanced trading platforms with robust features, including SaxoTraderGO and SaxoTraderPRO, which are known for their sophisticated tools and user-friendly interfaces.
3. Swissquote
 | Minimum Deposit: $1,000 Regulated by: MAS, CSSF Crypto: Yes |
The Broker is licensed under the Capital Markets Services by the Monetary Authority of Singapore (MAS). Swissquote Bank Europe, based in Luxembourg, holds a banking license and is regulated by the CSSF, with supervision from the European Central Bank. This extensive regulatory framework ensures robust investor protection and a high standard of financial security for clients.
| Broker | Swissquote |
| Regulation | 🇨🇭 FINMA 🇬🇧 FCA 🇦🇪 DFSA 🇭🇰 SFC 🇸🇬 MAS 🇲🇹 MFSA 🇨🇾 CySEC 🇿🇦 FSCA |
| Minimum Deposit | 1,000 EUR |
| Spreads From | 1.7 pips, |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:100 |
| Trading Platforms | Swissquote Advanced Trader MetaTrader 4 (MT4) MetaTrader 5 (MT5) |
| CFDs Total | 400+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Are there any fees for depositing or withdrawing funds with Swissquote?
Swissquote generally does not charge fees for depositing or withdrawing funds, but it is advisable to check the specific terms as they vary.
What trading instruments are available with Swissquote?
Swissquote offers various trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.
| Minimum Deposit: $1,000 Regulated by: MAS, CSSF Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong regulatory framework | High minimum deposit |
| Wide range of tradable instruments | Higher trading costs |
| Multiple advanced platforms | No service for US clients |
| Comprehensive educational resources | Limited micro account options |
| High trust and security | Customer support varies by region |
Final Score
| # | Criteria | Score |
| 1. | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2. | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3. | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4. | Research and Education | ⭐⭐⭐⭐☆ |
| 5. | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6. | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7. | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8. | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9. | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10. | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
Swissquote is a highly regulated Forex broker with strong oversight from MAS and CSSF. It offers a variety of trading accounts and instruments, excellent security, and solid customer support. However, it requires a higher minimum deposit and has limited leverage.
Top 3 MAS Regulated Forex Brokers – MultiBank Group vs Saxo Bank vs Swissquote
| Feature |  |  |  |
| MAS Regulation | Yes | Yes | Yes |
| Founded | 2005 | 1992 | 1996 |
| Minimum Deposit | 50 USD | 0 USD | 1, 000 EUR |
| Forex Spreads | From 0.0 pips (ECN accounts) | From 0.4 pips on majors | From 1.1 pips (varies by tier) |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) MultiBank-Plus Proprietary platforms/tools | SaxoTraderGO, SaxoTraderPRO | Swissquote Advanced Trader MetaTrader 4 (MT4) MetaTrader 5 (MT5) |
| Leverage | Up to 500:1 (entity dependent) | Lower leverage under MAS rules | Up to 100:1 |
| Tradable Instruments | Forex CFDs Commodities Crypto Indices | Forex Stocks ETFs Bonds Options | Forex Stocks ETFs Bonds CFDs |
| Account Types | Standard Pro ECN | Classic Platinum VIP | Standard Premium Prime |
| Best For | Traders seeking low entry costs and ECN pricing | Advanced and professional traders | Traders wanting bank level security |
| Trade Now | | | |
4. Interactive Brokers
 | Minimum Deposit: $0 Regulated by: SEC, FINRA, FCA, ASIC Crypto: No |
Interactive Brokers Singapore Pte. Ltd. is licensed and regulated by the Monetary Authority of Singapore. Moreover, the company adheres to strict regulatory standards and offers various financial instruments and trading platforms. With its global presence and comprehensive services, it provides robust trading solutions and investor protections.
| Broker | Interactive Brokers |
| Regulation | 🇺🇸 SEC/FINRA 🇬🇧 FCA 🇮🇪 CBI 🇭🇺 HNB 🇮🇳 SEBI 🇦🇺 ASIC 🇨🇦 IIROC/CIRO 🇯🇵 FSA 🇭🇰 SFC 🇸🇬 MAS |
| Minimum Deposit | 0 USD |
| Spreads From | 0.1 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 30:1 |
| Trading Platforms | Trader Workstation (TWS) Client Portal IBKR Mobile |
| CFDs Total | 8500+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is Interactive Brokers?
Interactive Brokers is a global brokerage firm that provides trading services in stocks, options, futures, forex, and more. It is known for its advanced trading platforms and low-cost trading.
What customer support options are available at Interactive Brokers?
Interactive Brokers provides customer support via live chat, email, and phone. They also have a comprehensive online help center.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Competitive low fees and pricing | Steep learning curve and complexity |
| Extensive global market access | Limited beginner friendly features |
| Advanced trading tools | Customer support can be inconsistent |
| Strong regulatory and security framework | Complex fee structure |
| Wide range of account types | Platform usability issues |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
Interactive Brokers offers low trading fees and a wide range of instruments, making it ideal for experienced traders. However, its complex platform and high minimum deposit requirements may be challenging for beginners.
5. City Index
 | Minimum Deposit: $150 Regulated by: CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC Crypto: No |
City Index is a global provider of spread betting, forex (FX), and CFD trading services. It is part of the StoneX Group, which is listed on Nasdaq, and operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS) in Singapore.
| Broker | City Index |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS 🇨🇦 IIROC/CIRO 🇯🇵 JFSA 🇦🇪 DFSA 🇭🇰 SFC |
| Minimum Deposit | 0 USD |
| Spreads From | 0.5 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:30 |
| Trading Platforms | City Index Web Trader MetaTrader 4 (MT4) AT Pro |
| CFDs Total | 6,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Does City Index offer mobile trading?
Yes, City Index has mobile trading apps for both Android and iOS devices.
What educational resources are available?
City Index provides educational materials such as webinars, articles, and trading guides.
| Minimum Deposit: $150 Regulated by: CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC Crypto: No |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong regulation and trustworthiness | No MetaTrader 5 support |
| Wide range of markets | Inactivity fees |
| Advanced trading platforms | Limited payment methods |
| Educational and research tools | Average pricing for some forex pairs |
| Competitive pricing and low non-trading fees | No Islamic swap-free accounts |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
City Index supports various trading styles and provides both mobile and desktop access, along with VPS hosting. Overall, it is a solid choice for traders seeking reliable and regulated trading services.
6. CMC Markets
 | Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
CMC Markets is a MAS-regulated forex broker that offers traders secure access to global currency markets through advanced trading platforms, competitive spreads, and strong risk-management tools. Regulated by the Monetary Authority of Singapore, CMC Markets provides a reliable and transparent trading environment suitable for both beginners and experienced forex traders.
| Broker | CMC Markets |
| Regulation | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇦 IIROC/CIRO 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS 🇦🇪 DFSA 🇦🇹 FMA 🇨🇳 NFRA |
| Minimum Deposit | 0 USD |
| Spreads From | 0.3 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 500:1 |
| Trading Platforms | Next Generation MetaTrader 4 (MT4) |
| CFDs Total | 9,800+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is CMC Markets a safe broker to trade with?
Yes, CMC Markets is MAS-regulated, ensuring client funds are segregated and the broker complies with strict Singapore regulatory standards.
Which trading platforms does CMC Markets offer?
CMC Markets provides its proprietary Next Generation platform and supports MetaTrader 4 (MT4), offering advanced charting and trading tools.
| Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit MAS-regulated broker | Higher minimum deposit than some entry-level brokers |
| Competitive spreads | Limited support for MetaTrader 5 |
| Advanced proprietary trading platform | Complex fee structure for certain account types |
| Wide selection of tradable instruments | Leverage options may be lower for some clients under MAS rules |
| Comprehensive research, analysis, and educational resources | Mobile platform may have a learning curve for beginners |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
CMC Markets is a legit MAS-regulated broker offering secure trading, competitive spreads, and advanced platforms, making it suitable for traders seeking reliability, transparency, and access to global forex and CFD markets.
7. OANDA
 | Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos |
OANDA is a MAS-regulated forex broker providing traders in Singapore with secure access to global currency markets. It offers competitive spreads, user-friendly platforms, and advanced trading tools, making it a legit choice for both beginners and experienced forex traders.
| Broker | OANDA |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇸🇬 MAS 🇯🇵 FFAJ 🇻🇬 BVI FSC 🇲🇹 MFSA 🇵🇱 KNF |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:50 |
| Trading Platforms | OANDA Trade MetaTrader 4 (MT4) TradingView |
| CFDs Total | 100+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
|
Frequently Asked Questions
Is OANDA a legal broker in Singapore?
Yes, OANDA is MAS-regulated, making it a fully legal broker compliant with Singapore’s financial regulations.
Which trading platforms does OANDA provide?
OANDA provides its advanced fxTrade platform, web trading, and MetaTrader 4 (MT4) for desktop and mobile trading.
| Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legal MAS-regulated broker | Limited leverage for retail clients under MAS rules |
| Competitive spreads | Some account types have higher minimum deposits |
| User-friendly platforms | Fewer advanced order types |
| Access to a wide range of instruments and markets | Mobile platform may have a learning curve |
| Comprehensive research, analysis, and educational resources | Trading costs can be higher for less active traders |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
OANDA is a legal MAS-regulated broker offering secure, transparent trading with competitive spreads and advanced platforms, making it suitable for traders seeking reliability and access to global forex and CFD markets.
8. IG
 | Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
IG is a MAS-regulated forex broker that provides traders in Singapore with access to global currency markets, indices, commodities, and shares. With competitive spreads, advanced trading platforms, and robust risk management, IG is a legit choice for both beginner and professional forex traders.
| Broker | IG |
| Regulation | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇭 FINMA 🇺🇸 CFTC/NFA 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS 🇯🇵 FSA 🇿🇦 FSCA 🇦🇪 DFSA |
| Minimum Deposit | 250 USD |
| Spreads From | 0.6 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:30 |
| Trading Platforms | Web platform Mobile apps MetaTrader 4 (MT4) ProRealTime Advanced L2 Dealer |
| CFDs Total | 17,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What instruments can I trade with IG?
IG offers forex, indices, commodities, cryptocurrencies, and shares, providing a wide range of trading opportunities.
Is IG a MAS-approved broker in Singapore?
Yes, IG is fully MAS-approved, ensuring compliance with Singapore’s strict financial regulations and offering strong investor protection.
| Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| MAS-approved broker with high regulatory compliance | Higher minimum deposit for some account types |
| Competitive spreads across major and minor forex pairs | Leverage is limited for retail clients under MAS rules |
| Advanced trading platforms | Certain advanced order types may be missing for beginners |
| Wide range of tradable instruments | Trading costs can be higher for low-activity traders |
| Strong research, educational resources, and market insights | Platform may have a learning curve for new users |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
IG is a MAS-approved broker offering secure and reliable trading with competitive spreads, advanced platforms, and diverse instruments, making it ideal for traders seeking a regulated and professional forex trading experience.
9. eToro
 | Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
eToro is a MAS-regulated forex broker offering Singapore traders access to forex, stocks, commodities, and cryptocurrencies. With its user-friendly trading platform, social and copy-trading features, and strong regulatory oversight, eToro is a legit choice for both beginner and experienced traders.
| Broker | eToro |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇺 ASIC 🇸🇨 FSAS 🇺🇸 SEC/FINRA 🇦🇪 ADGM FSRA |
| Minimum Deposit | 50 USD |
| Spreads From | 1 pip |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:400 |
| Trading Platforms | WebTrader eToro mobile app CopyTrader |
| CFDs Total | 7,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Scheme | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is eToro an authorized broker in Singapore?
Yes, eToro is fully MAS-authorized, ensuring compliance with Singapore’s strict financial regulations and providing strong protection for client funds.
Does eToro offer social and copy trading?
Yes, eToro provides social and copy-trading features, allowing traders to follow and replicate strategies from experienced investors.
| Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| MAS-authorized broker with high regulatory standards | Limited advanced charting tools |
| User-friendly platform | Higher spreads on minor currency pairs |
| Social and copy trading features | Withdrawal fees apply for some currencies and payment methods |
| Access to a wide variety of instruments and markets | Leverage is limited for retail clients under MAS rules |
| Transparent fees and competitive spreads | Not ideal for highly active professional traders due to platform simplicity |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Our Insights
eToro is an authorized MAS broker offering secure trading, user-friendly platforms, and innovative social trading features, making it suitable for traders seeking a regulated and accessible forex and CFD trading experience.
10. XM
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes (not available under CySEC (EU) or DFSA (MENA). |
XM is a MAS-regulated forex broker providing Singapore traders with a secure and transparent trading environment. It offers a wide range of forex pairs, CFDs, and commodities, along with competitive spreads and intuitive trading platforms, making it a reliable and legit option for traders of all experience levels.
| Broker | XM |
| Regulation | 🇨🇾 CySEC 🇦🇺 ASIC 🇿🇦 FSCA 🇧🇿 IFSC 🇦🇪 DFSA |
| Minimum Deposit | 5 USD |
| Spreads From | 0.6 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:1000 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) XM WebTrader |
| CFDs Total | 1,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is XM a registered broker in Singapore?
Yes, XM is MAS-registered, ensuring full compliance with Singapore’s financial regulations and offering strong protection for client funds.
Which platforms does XM provide?
XM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile trading.
| Minimum Deposit: $5 Regulated by: FSC Crypto: Yes (not available under CySEC (EU) or DFSA (MENA). |
Pros and Cons
| ✓ Pros | ✕ Cons |
| MAS-registered broker with secure and regulated operations | Limited educational resources |
| Competitive spreads and low minimum deposit | Leverage is restricted under MAS rules for retail clients |
| Multiple account types | Withdrawal processing may take 1–2 business days |
| Access to a wide range of instruments | Fewer proprietary tools |
| User-friendly platforms | Minor currency pair spreads may be slightly higher |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
XM is a MAS-registered broker providing secure, reliable trading with competitive spreads, versatile platforms, and diverse instruments, making it suitable for traders seeking a regulated and professional forex trading experience.
The Monetary Authority of Singapore (MAS) – Explained
The Monetary Authority of Singapore (MAS) is Singapore’s central bank and financial regulatory authority. MAS plays a crucial role in overseeing and regulating the financial industry in Singapore to ensure its stability and integrity. Key functions include:
- MAS regulates banks, insurance companies, securities firms, and other financial institutions.
- It formulates and implements monetary policy to ensure price stability and support economic growth.
- MAS works to safeguard the stability of Singapore’s financial system.
In addition, MAS promotes the development of Singapore’s financial markets, including facilitating innovation, improving market infrastructure, and supporting the growth of new financial products and services.
Criteria for Choosing a MAS Regulated Forex Broker
| Criteria | Description | Importance |
| Regulation & Licensing | Verify the broker is fully MAS-registered to ensure legal compliance, fund safety, and investor protection. | ⭐⭐⭐⭐⭐ |
| Trading Platforms | Look for reliable, user friendly platforms like MT4, MT5, or proprietary platforms that support desktop, web, and mobile trading. | ⭐⭐⭐⭐☆ |
| Spreads & Fees | Check the broker’s spreads, commissions, and hidden fees to ensure cost-effective trading. | ⭐⭐⭐⭐☆ |
| Range of Instruments | Access to diverse forex pairs, commodities, indices, and CFDs allows better diversification and trading opportunities. | ⭐⭐⭐⭐☆ |
| Leverage & Margin | MAS-regulated brokers have leverage limits for retail traders. Choose a broker offering suitable leverage while maintaining risk management. | ⭐⭐⭐☆☆ |
| Customer Support | Responsive support in your region, preferably multilingual, ensures quick problem resolution. | ⭐⭐⭐☆☆ |
| Deposit & Withdrawal Options | Multiple payment methods, fast processing, and low or no fees improve convenience. | ⭐⭐⭐☆☆ |
| Educational Resources & Research | Guides, webinars, market analysis, and demo accounts help traders make informed decisions. | ⭐⭐⭐☆☆ |
| Account Types | Flexibility with standard, micro, or ECN accounts allows traders to choose according to experience and capital. | ⭐⭐⭐☆☆ |
| Reputation & Reviews | Check user reviews, awards, and longevity of the broker for reliability and trustworthiness. | ⭐⭐⭐⭐☆ |
Top 10 Best MAS Regulated Forex Brokers – A Direct Comparison
| Exceptional Regulation Diverse Trading Platforms Competitive Pricing | | |
| Award-Winning Platforms High Trust and Regulation Interest on Uninvested Cash | | |
| Robust Security Advanced Trading Platforms Multi-currency Accounts | | |
 | Global Market Access Powerful Platforms IBKR Lite | | |
 | Award-Winning Trading Platforms Risk Management Competitive Pricing | | |
 | Proprietary Next Generation Platform Extensive Market Range Diverse Platform Options | | |
 | Powerful & Diverse Platforms TradingView Integration Advanced Trading Tools | | |
 | Vast Market Selection Top-Tier Regulation Established Reputation | | |
 | Social Investing Network User-Friendly Interface Free Demo Account | | |
 | High Leverage Segregated Accounts 24/7 Support | | |
What Real Traders Want to Know!
Explore the Top Questions asked by real traders across the Globe. From safety to leverage, we provide straightforward answers to help you MAS regulated forex brokers and choose the right broker confidently.
Q: How do I know if a forex broker is truly MAS-regulated? – Daniel S.
A: You can verify a broker’s MAS license on the official Monetary Authority of Singapore Financial Institutions Directory. MAS-regulated brokers must comply with strict rules on fund segregation, risk management, and reporting.
Q: Are MAS-regulated brokers safer than offshore brokers? – Priya K.
A: Yes. MAS-regulated brokers must follow strict compliance and reporting standards, which protects client funds, ensures transparency, and provides legal recourse if disputes arise, making them generally safer than unregulated offshore brokers.
Q: Can I trade cryptocurrencies with MAS-regulated forex brokers? – Ahmed R.
A: It depends on the broker. Some MAS-regulated brokers offer crypto CFDs or trading instruments, while others only provide forex, indices, and commodities. Always check the broker’s official product list.
Q: Do MAS-regulated brokers allow leverage for retail traders? – Mei Ling T.
A: Yes, but MAS imposes leverage limits for retail clients to reduce risk. Typical leverage ranges from 1:20 to 1:50 for major forex pairs, depending on the broker and instrument.
Q: Are MAS-regulated brokers suitable for beginners? – Johnathan L.
A: Yes. MAS-regulated brokers provide secure trading environments, clear disclosures, demo accounts, and educational resources, making them ideal for beginners who want safe and reliable access to forex markets.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong Regulatory Oversight | Lower Leverage Limits |
| Client Fund Protection & Segregation | Higher Minimum Deposits |
| High Transparency | Potentially Higher Costs |
| Legal Recourse in Singapore | Limited Exotic Instruments |
| Professional Market Standards | Stricter KYC and Compliance Checks |
| Suitable for Beginners and Pros | Slower Account Approvals |
| Investor Confidence | Restricted Services for Retail Traders |
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In Conclusion
MAS ensures that financial institutions adhere to fair practices and provides resources and guidance to help consumers make informed financial decisions. MAS is known for its stringent regulatory standards and robust enforcement, contributing to Singapore’s reputation as a global financial hub.
Faq
MAS-regulated refers to financial institutions overseen by the Monetary Authority of Singapore. This ensures strict adherence to global standards for fund segregation, capital adequacy, and anti-money laundering, providing high-level security for traders and investors.
Choosing a MAS-regulated broker ensures your funds are protected by one of the world’s strictest financial authorities. You benefit from segregated accounts, mandatory risk disclosures, and a fair dispute resolution framework (FIDReC) for maximum security.
Yes, they are exceptionally safe. MAS regulation mandates that brokers hold client capital in segregated trust accounts at credit-worthy banks, ensuring your money is ring-fenced from the broker’s operational funds and protected from creditors.
Yes, MAS-regulated brokers can operate overseas. They often set up international subsidiaries or branches. While they must follow MAS rules for Singaporean clients, their overseas branches are typically governed by the local laws of those specific countries.
Not necessarily. While MAS-regulated brokers face higher compliance costs, competitive market pressure keeps their spreads and commissions similar to offshore brokers. However, offshore brokers often lure traders with “bonuses” or higher leverage, which MAS-regulated firms cannot offer.
Yes, you can resolve disputes through FIDReC (Financial Industry Disputes Resolution Centre). It provides a structured, two-stage process, mediation and adjudication, offering a low-cost, independent alternative to court for retail traders to settle claims fairly.
Yes, MAS-regulated brokers offer free demo accounts. These simulated environments use virtual funds, often ranging from $10,000 to $100,000, allowing you to practice with real-time pricing and platform tools without any financial risk.
Yes, MAS-regulated brokers are excellent for professionals. They offer institutional-grade infrastructure, high liquidity, and Accredited Investor status. This status unlocks higher leverage (above 20:1), tailored pricing, and sophisticated trading APIs while maintaining Singapore’s robust legal protections.
Yes, MAS-regulated brokers offer robust mobile trading. They provide dedicated apps for iOS and Android, such as IG Trading, SaxoTraderGO, and IBKR Mobile, or support industry-standard platforms like MetaTrader 4/5 and TradingView for seamless, on-the-go access.
MAS-regulated brokers must undergo an annual statutory audit by an independent auditor. They are also required to submit audited financial statements and a compliance certification (Form 6) to MAS within five months of their financial year-end.
