🇸🇬

MAS Regulated Forex Brokers 2026

Tier 1 - Top Rated

Monetary Authority of Singapore · Singapore · Est. 1971

The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator, established in 1971. The MAS is widely considered one of the world's premier financial regulatory bodies, known for its stability, rigour, and business-friendly approach. As Singapore is a global financial hub with one of the highest-ranked financial systems in the world, MAS regulation carries significant credibility. MAS-regulated forex brokers hold a Capital Markets Services (CMS) licence, which requires substantial capitalisation, client fund segregation, and compliance with conduct-of-business rules. Several major international forex brokers serving Gulf and Asian clients hold MAS licences, including Pepperstone, IG Group, and Saxo Bank. Singapore does not have a retail investor compensation scheme equivalent to the UK FSCS, but the rigour of MAS supervision makes broker failure rare.

Regulator Type

Central bank and integrated regulator

Compensation Scheme

No specific retail compensation fund

Jurisdiction

Republic of Singapore

Licence Type

Capital Markets Services (CMS) licence

Client Fund Segregation

Required

IOSCO Member

Yes - full member

Regulatory Register

MAS Financial Institutions Directory at mas.gov.sg

Forex Brokers Regulated by MAS (2 found)

Min deposit: $250.00 · Leverage: 1:200 · EUR/USD: 0.60 pips

Regulated by: FCA, ASIC, MAS, CFTC, BaFin, FSCA

Read Review Open Account

FOREX.com ☛ Islamic

Min deposit: $100.00 · Leverage: 1:400 · EUR/USD: 1.10 pips

Regulated by: CFTC, NFA, FCA, ASIC, IIROC, MAS

Read Review

What Is the Monetary Authority of Singapore?

How to Verify MAS Regulation

Before depositing funds with any broker, verify their regulatory status directly on the MAS official register. Do not rely solely on licence numbers displayed on a broker's website - always cross-check the number against the public register. The official website is listed in the key facts above. Be wary of clone firms that use the names and registration numbers of legitimate brokers to deceive traders. For a full breakdown of all GCC and international regulators, see our GCC Forex Regulation Complete Guide.

Related Guides

GCC Forex Regulation Hub - All 19 Regulators Explained Is Forex Trading Legal in UAE? Full Legal Guide Understanding Forex Regulation in MENA How to Choose a Forex Broker - UAE & Gulf Guide

Not sure which broker to choose?

Answer 6 questions and get matched with the best regulated broker for your needs.

Find My Broker →

Frequently Asked Questions

Is MAS a top-tier regulator?

Yes. The MAS is widely ranked among the world's top three or four financial regulators alongside the FCA (UK) and ASIC (Australia). Singapore's financial system consistently ranks in the top tier globally for stability and regulatory quality. An MAS-regulated forex broker is considered highly credible and trustworthy, with rigorous oversight standards.

Can Gulf traders use MAS-regulated brokers?

Yes. Many major brokers hold MAS licences and serve Gulf clients through various entities. Pepperstone, IG, and Saxo Bank all hold MAS licences. As with any broker, verify which regulatory entity will hold your account - some brokers assign Gulf clients to a different entity (e.g. ASIC or an offshore licence) rather than the MAS entity.

Does MAS cap forex leverage?

The MAS does not set a fixed retail leverage cap equivalent to ESMA's 1:30 rule. However, MAS regulations require brokers to set appropriate leverage limits and implement margin requirements. In practice, most MAS-regulated brokers offer retail clients leverage of 1:20 to 1:50 on major forex pairs, with higher leverage available to accredited investors.

How do I verify MAS regulation?

Visit the MAS Financial Institutions Directory at mas.gov.sg/financial-institutions and search for the broker's name or licence number. A CMS licence holder will appear with its authorised activities. The MAS Investor Alert List also publishes warnings about unlicensed entities targeting Singapore residents.

Other Regulators

← All Regulators FCA (UK) ASIC (AU) CySEC (EU) DFSA (UAE) FSRA (ADGM) SCA (UAE) CMA (SA) CMA (KW) CBB (BH) QFCRA (QA) NFA (US) BaFin (DE) FSCA (ZA) FMA (NZ) FSA (SC) FSC (MU) VFSC (VU) CIMA (KY)