As with most countries in South East Asia, forex trading has seen a significant increase in popularity across Singapore over the past few years. Although forex trading is not illegal in Singapore, it is considered a grey area and local residents are advised to trade with a broker who is authorized by the Monetary Authority of Singapore (MAS) – https://www.mas.gov.sg/
If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.
Featured Forex Brokers
Forex Regulation in Singapore
The Monetary Authority of Singapore(MAS) is the regulatory body for all financial services and activities in Singapore. It was established in 1971 to operate as the local government’s banker. Nevertheless, it is not required to get authorization from the Monetary Authority of Singapore, in order to offer financial services and forex trading to the residences of Singapore.
Best Forex Brokers In Singapore
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.