Singapore · Tier-1

MAS: stricter than the FCA, smaller in scope.

Monetary Authority of Singapore · est. 1971

MAS is among the most respected financial regulators in Asia, and one of the strictest. Retail forex leverage is capped at 1:20 — the lowest in SEA — which is why most Singaporean active traders use overseas brokers anyway. The badge is the strongest in the region.

Brokers regulated

Tier

Tier 1

Country

Singapore

Filings tracked

Reality check

What the MAS badge actually means.

Key protections

Retail forex leverage capped at 1:20
Mandatory client-money segregation
Active fraud enforcement
MAS Investor Alert List published publicly

Known limitations

1:20 leverage cap is uncompetitive — most active traders use overseas brokers
Limited number of licensed retail forex brokers (~14)

Active licenses

None of our brokers hold a MAS license.

All brokers

No broker we track lists a MAS license. If you trade from Singapore, your account sits with an entity licensed elsewhere, so check which one before you deposit. See the brokers we rank for Singapore.

Cross-references for MAS

Our MAS coverage

SC Malaysia, MAS, BSP: Which forex license actually protects you?The real MAS-regulated brokers — and the ones faking it

Other regulators we cover

FCA ASIC CySEC BNM BSP SEC BoT SC Labuan FSA OJK BAPPEBTI SBV SEC PH FSA Seychelles IFSC VFSC FSCA

Jurisdiction

Singapore

Recent activity

MAS actions, across our brokers.

No filings tracked yet for MAS on the brokers we currently cover.