Country · last checked July 2, 2026
🇸🇬 Forex Brokers in Singapore
For Singapore traders considering forex or CFD accounts, this guide covers MAS checks, broker legitimacy, offshore risks and practical funding steps.
- Checked against MAS public registers and warning resources
- Written for Singapore-based broker research
- Centres on verification rather than marketing claims
What we checked for Forex Brokers In Singapore
Evidence for Forex Brokers In Singapore was checked against 9 public sources; last reviewed July 2, 2026.
- ✓MAS is the relevant public authority for checking Singapore broker permissions and warning resources.
- ✓MAS publishes a Financial Institutions Directory and a Representatives Register that can be used to verify firms and individuals.
- ✓MAS has an Investor Alert List for entities that may be unregulated or wrongly perceived as regulated.
Forex trading in Singapore: the entity matters more than the brand
Singapore’s financial sector is robust, but not every online broker available here is authorised to serve retail clients. The key issue is not a polished website or familiar brand name, but whether the precise legal entity you deal with is licensed for the services it offers. MAS’ Financial Institutions Directory can be used to check licence status and permitted activities, including leveraged forex trading. MAS also maintains an Investor Alert List for entities that may be unregulated or wrongly perceived as regulated in Singapore.
Brokers to compare in Singapore
| Broker | Editorial score | Availability | Regulation | Platforms | Review |
|---|---|---|---|---|---|
 Interactive Brokers | 68 | Confirmed for residents | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Interactive Brokers review |
| FCFOREX.com | 62.5 | Confirmed for residents | NFA/CFTC-related U.S. disclosures, Cayman Islands Monetary Authority, Canadian Investment Regulatory Organization, Canadian Investor Protection Fund | FOREX.com Web Trader, MetaTrader, TradingView (where offered) | FOREX.com review |
 OANDA | 59 | Confirmed for residents | CFTC, NFA, FCA, ASIC | fxTrade, MT5 | OANDA review |
 IG | 67.5 | Check availability | Financial Conduct Authority (FCA), Bermuda Monetary Authority (BMA), BaFin and Deutsche Bundesbank, ASIC +5 more | Web platform, Mobile app, MT4 | IG review |
 MultiBank FX | 55 | Check availability | ASIC, CySEC, AUSTRAC, FMA +6 more | MetaTrader 4, MetaTrader 5, WebTrader | MultiBank FX review |
 FP Markets | 67 | Check availability | ASIC, CySEC, FSCA, Seychelles FSA | MT4, MT5, cTrader | FP Markets review |
 Easy Forex / easyMarkets | 62.5 | Check availability | CySEC, ASIC | easyMarkets web/app, TradingView, MT4 | Easy Forex / easyMarkets review |
 AvaTrade | 61 | Check availability | Central Bank of Ireland, ASIC, FSCA, British Virgin Islands FSC +3 more | WebTrader, MetaTrader 4, MetaTrader 5 | AvaTrade review |
Resident applications were confirmed for 3 of the brokers shown on 2026-07-29. For the others, check availability before applying. Editorial scores use the same 100-point review methodology across the site; they are not safety ratings. Confirm the legal entity and regulation that would apply to your account.
MAS records for Singapore forex and CFD providers
The Monetary Authority of Singapore (MAS) is both Singapore’s central bank and financial regulator. For broker research, its Financial Institutions Directory is the main public resource for checking whether a Singapore-based entity holds the appropriate licence for capital markets products, including spot forex contracts with leverage. A separate Representatives Register allows users to check whether individuals claiming to act for a firm are properly registered.
Checking if a broker can serve Singapore residents
Identify the broker’s exact legal entity rather than relying on its brand alone. Check that entity in MAS’ Financial Institutions Directory, then compare its licence status and business activities with the product you intend to use, such as leveraged forex or CFDs. Where a salesperson is involved, check their name in MAS’ Representatives Register and confirm the firm’s official contact details before sending funds or documents. If the broker is not listed or does not show the relevant activity, treat that as a serious warning rather than assuming it can onboard Singapore residents.
Singapore clients and the limits of offshore broker access
Offshore brokers may appeal to Singapore traders through low spreads, higher leverage and straightforward account opening. Those features do not indicate local regulatory protection or confirm that the firm is authorised to take clients in Singapore. Without MAS oversight, complaint handling, client-money safeguards and dispute resolution can differ significantly from the protections retail traders may expect. Cross-border arrangements can also make it harder to establish the exact entity receiving your money and whether your contacts genuinely represent that firm.
Funding forex accounts from Singapore: SGD, payment routes and KYC
Opening an account with a Singapore-based broker is likely to involve standard identity checks and source-of-funds verification. Currency selection can add an overlooked cost: many accounts use base currencies other than SGD, which can create conversion fees alongside trading costs. Payment routes also warrant scrutiny. A prudent approach is to use methods that connect clearly to a regulated firm and provide a transparent transaction record. Be cautious where a broker promotes unusual funding routes or requests transfers to third-party accounts. MAS stresses identity checks and official channels before sensitive data is shared.
A Singapore broker shortlist should begin with MAS verification
A useful shortlist for Singapore traders should prioritise brokers with verifiable entities over polished marketing. Check each broker’s legal name, MAS or other regulator status, product permissions, account-currency options, deposit and withdrawal methods, and any warning listings. Until these basics have been checked, a broker should not rank highly simply because its advertising appears persuasive.
Common questions
Is forex trading legal in Singapore?
Forex trading itself is not restricted; the crucial factor is whether the firm and its activities are properly authorised. Retail traders should always verify the exact entity and its permissions via MAS registers before opening an account.
How do I know if a broker is regulated in Singapore?
Look up the broker’s legal entity in MAS’ Financial Institutions Directory and confirm the licence type and business activities listed. If you are dealing with a person, check their name in the MAS Representatives Register as well.
What is the MAS Investor Alert List?
This is MAS’ public warning list for entities that may be unregulated or wrongly thought to be regulated in Singapore. It’s a vital resource to avoid dubious broker offers.
Can offshore brokers accept Singapore clients?
Don’t assume so. Whether an offshore broker can accept Singapore clients depends on the exact legal entity, its permissions, and compliance with Singapore’s rules. Verify these details directly rather than relying on advertisements or social media.
What should I check before depositing money?
Verify the broker’s legal entity, licence status, product permissions, payment destination, and whether the firm or its representatives appear in MAS’ official resources. Unusual payment routes or resistance to verification are red flags.
Does MAS have a public register for broker representatives?
Yes. MAS runs a Financial Institution Representatives Register and advises verifying identities through official channels before sharing personal or financial information.
Sources for this country guide
Local rules and broker availability change. Recheck the regulator record and the broker's country-specific terms.