Best MAS Regulated Brokers in Singapore
Compare the best MAS regulated brokers in Singapore. The Monetary Authority of Singapore (MAS) is one of Asia's most respected financial regulators, ensuring brokers meet rigorous standards for traders in Singapore.
Singapore
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MAS Brokers
20.4.26
Plus500
Plus500 is regulated locally by MAS in Singapore — direct regional oversight. The platform isn't built for high-frequency trading or advanced analysis, but for traders who want broad CFD access through a well-regulated, easy-to-use interface it's a solid fit.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Oanda
OANDA is MAS-regulated in Singapore — direct local oversight alongside CFTC, FCA, ASIC and four other tier-1 regulators. For Singapore-based traders who prioritise maximum regulatory credibility and platform quality, it's one of the most trusted and complete options available locally. Not the cheapest on Standard spreads.
Consensus Rating
IG
IG is MAS-regulated in Singapore — direct local oversight alongside FCA, ASIC and 8 other licences. Not the cheapest on stock CFDs, but for Singapore-based traders who prioritise regulatory credibility and platform depth, 50 years of experience and 17,000+ instruments make it a compelling choice.
Consensus Rating
Interactive Brokers
Good for Singapore investors with access to IBKR's MAS-regulated entity and 150+ global markets. No minimum deposit, no inactivity fee, and IBKR Lite is available for commission-free US stock trading — making it one of the few brokers offering that in Singapore.
Consensus Rating
Types of Forex Broker Licences in Singapore (MAS Regulation Explained)
Forex trading in Singapore is regulated by the Monetary Authority of Singapore (MAS), which oversees all financial institutions under a strict and globally respected regulatory framework. Brokers offering forex or CFD trading services must hold the appropriate Capital Markets Services (CMS) Licence.
Unlike offshore jurisdictions, MAS operates with a structured licensing system where permissions define what activities a broker can perform. For traders, the key difference lies in whether a broker acts as a principal or an intermediary.
For traders, this isn’t just regulatory jargon — it directly affects execution quality, spreads, leverage, and how your broker makes money.
1. Capital Markets Services (CMS) Licence
The Capital Markets Services (CMS) Licence is the primary authorisation required for brokers offering leveraged forex and CFD trading in Singapore.
Required to legally offer forex and CFD trading services
Includes permissions such as dealing in capital markets products as principal or agent
Covers execution, advisory, and fund management services
Subject to strict compliance, capital, and risk management requirements
2. Dealing vs Agency Execution Models
Under MAS regulation, brokers can operate using different execution models depending on their licence permissions.
Dealing (Market Maker): broker acts as counterparty to client trades
Agency (STP/ECN): orders routed to liquidity providers
Execution model affects spreads, speed, and broker incentives
Why This Matters for Traders
MAS regulation is considered one of the strictest in Asia, offering strong investor protection — but the execution model still defines your real trading conditions.
Execution quality and slippage
Trading costs and spread structure
Level of transparency and conflict of interest
Regulatory Requirements for MAS-Licensed Brokers
Segregation of client funds
High minimum capital requirements
Strict risk management and compliance standards
Ongoing audits and regulatory reporting
Bottom Line
Singapore’s MAS framework combines strict regulation with institutional-grade standards. While all licensed brokers meet high requirements, understanding execution models remains key to optimizing trading costs, execution quality, and long-term performance.