Forex brokers in Singapore

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About Monetary Authority of Singapore (MAS)forex brokers in Singapore

Monetary Authority of Singapore (MAS) is the central bank of Singapore that is responsible for regulating Forex brokers in Singapore.

MAS is also an integrated supervisor overseeing all financial institutions in Singapore: banks, securities, currency issuance, as well as the financial sector in general.

MAS ensures that Singapore’s financial industry remains dynamic and competitive by working closely with other government agencies and financial institutions to  protect investors  and promote Singapore as a regional and international financial centre.

If you’re going to open an account with a forex broker based in Singapore make sure that broker is regulated by MAS if you want your money to be safe.

Below is a list of online forex brokers which are operating in Singapore.

#1. CMC Markets Singapore Pte. Ltd. Singapore

  • Regulation: MAS
  • Min. Deposit: $1
  • Max. Leverage 1:200
  • Broker Type: MM

#2. CIMB Securities (Singapore)

  • Regulation: MAS
  • Min. Deposit: $5000
  • Max. Leverage: 1:20
  • Broker Type: ECN

#3. City index

  • Regulation: MAS
  • Min. Deposit: $500
  • Max. Leverage: 1:50
  • Broker Type: ECN

#4. IG Markets Singapore (IG Asia Pte Ltd)

  • Regulation: MAS
  • Min. Deposit: $1
  • Max. Leverage: 1:50
  • Broker Type: DMA

#5. KGI World (KGI Ong Capital Pte. Ltd.)

  • Regulation: MAS
  • Min. Deposit: $1000
  • Max. Leverage: 1:50
  • Broker Type: ECN

#6. Maybank Kim Eng Securities Pte Ltd. Singapore

  • Regulation: MAS
  • Min. Deposit: $100
  • Max. Leverage: 1:25
  • Broker Type: DMA
  • Payment Options: bank transfers, cheques, cash and telegraphic transfer.

#7. OANDA Singapore (OANDA Asia Pacific Pte Ltd)

  • Regulation: MAS
  • Min. Deposit: $1
  • Max. Leverage: 1:200
  • Broker Type: MM

#8. OCBC Securities Private Limited (OSPL) 

  • Regulation: MAS
  • Min. Deposit: $1000
  • Max. Leverage: 1:35
  • Broker Type: NDD,ECN

#9. Saxo Capital Markets Singapore (Saxo Capital Markets Pte. Ltd.)

  • Regulation: MAS
  • Min. Deposit: $10000
  • Max. Leverage: 1:200
  • Broker Type: MM

#10. UOB Bullion and Futures Limited

  • Regulation: MAS
  • Min. Deposit: $22000
  • Max. Leverage: 1:20
  • Broker Type: NDD

Note* UOBBF does not offer the vastly popular MetaTrader 4 (MT4) platform.

#11. UOB Kay Hian Pte Ltd

  • Regulation: MAS
  • Min. Deposit: $5000 
  • Max. Leverage: 1:50 
  • Broker Type: NDD,ECN

If I missed other forex brokers from Singapore, let me know in the comment section.

Cheers,

Leonard

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