5 Best MAS Regulated Forex Brokers

 

The 5 Best MAS Regulated Forex Brokers – Rated and Reviewed. We have listed the Best Forex Brokers governed by the Monetary Authority of Singapore (MAS).

In this in-depth guide, you will learn:

 

• Top MAS-Regulated Forex Brokers – A Comprehensive List
• Understanding MAS Regulation – An Overview
• Top MAS-Regulated Forex Brokers Using MT4/MT5 Platforms
• Best Forex Brokers for Beginners in Singapore

 

and much, MUCH more!

 

 

5 Best MAS Regulated Forex Brokers (2024)

 

1. ☑️ Saxo Bank – Overall, the Best MAS Regulated Forex Broker
2. ☑️ Swissquote – High Regulation, Security, and, Trust Score
3. ☑️ Interactive Brokers – Advance Trading Platforms + Innovative Technology
4. ☑️ MultiBank Group – High User Trust Score and Customer Support
5. ☑️ City Index – Wide Range of Account Types + Flexible Trading Conditions

 

🏆 10 Best Forex Brokers

 

 

Saxo Bank

Saxo Bank is a trusted and highly regulated Forex broker that holds a ‘capital markets services license’ under the Monetary Authority of Singapore (MAS). Moreover, Saxo Bank offers a comprehensive suite of trading services, including access to a wide range of financial instruments such as forex, stocks, commodities, and bonds.

 

 

 

Pros and Cons

 

 

Frequently Asked Questions

 

Is Saxo Bank suitable for beginners?

While Saxo Bank offers advanced tools and features, it may be complex for beginners. However, it provides educational resources to assist new traders.

 

What educational resources are available at Saxo Bank?

Saxo Bank provides educational resources such as webinars, trading guides, and market analysis to help traders improve their skills and knowledge.

 

Does Saxo Bank provide customer support?

Saxo Bank offers comprehensive customer support through various channels, including phone, email, and live chat.

 

What are Saxo Bank’s trading fees?

Saxo Bank’s trading fees include spreads and commissions, which can vary depending on the asset class and trading volume.

 

 

Our Insights

Saxo Bank is renowned for its strong regulatory compliance, ensuring a secure and transparent trading environment for its clients. The broker provides advanced trading platforms with robust features, including SaxoTraderGO and SaxoTraderPRO, which are known for their sophisticated tools and user-friendly interfaces.

 

 

Swissquote

The Broker is licensed under the Capital Markets Services by the Monetary Authority of Singapore (MAS). Swissquote Bank Europe, based in Luxembourg, holds a banking license and is regulated by the CSSF, with supervision from the European Central Bank. This extensive regulatory framework ensures robust investor protection and a high standard of financial security for clients.

 

 

 

Pros and Cons

 

 

Frequently Asked Questions

 

Does Swissquote provide negative balance protection?

Swissquote provides negative balance protection to ensure traders do not lose more than their deposited funds.

 

Are there any fees for depositing or withdrawing funds with Swissquote?

Swissquote generally does not charge fees for depositing or withdrawing funds, but it is advisable to check the specific terms as they vary.

 

What trading instruments are available with Swissquote?

Swissquote offers various trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

 

Does Swissquote provide educational resources?

Swissquote offers a range of educational resources, including forex courses, webinars, and various trading guides.

 

 

Our Insights

Swissquote is a highly regulated Forex broker with strong oversight from MAS and CSSF. It offers a variety of trading accounts and instruments, excellent security, and solid customer support. However, it requires a higher minimum deposit and has limited leverage.

 

 

Interactive Brokers

Interactive Brokers Singapore Pte. Ltd. is licensed and regulated by the Monetary Authority of Singapore. Moreover, the company adheres to strict regulatory standards and offers various financial instruments and trading platforms. With its global presence and comprehensive services, it provides robust trading solutions and investor protections.

 

 

 

Pros and Cons

 

 

Frequently Asked Questions

 

What is Interactive Brokers?

Interactive Brokers is a global brokerage firm that provides trading services in stocks, options, futures, forex, and more. It is known for its advanced trading platforms and low-cost trading.

 

What are the trading fees with Interactive Brokers?

Interactive Brokers charge low trading fees, including tight spreads and low commissions. Fees vary by asset class and trading volume.

 

What are the typical withdrawal and deposit processing times?

Deposit and withdrawal processing times typically range from 1-2 business days, depending on the method used.

 

What customer support options are available at Interactive Brokers?

Interactive Brokers provides customer support via live chat, email, and phone. They also have a comprehensive online help center.

 

 

Our Insights

Interactive Brokers offers low trading fees and a wide range of instruments, making it ideal for experienced traders. However, its complex platform and high minimum deposit requirements may be challenging for beginners.

 

 

MultiBank Group

The broader MultiBank Group is regulated and closely supervised by over 15 financial regulators worldwide. MEX Global Markets represents the Group’s Singapore entity regulated by MAS. Moreover, MultiBank Group’s extensive regulatory network ensures a high level of oversight and investor protection, contributing to its reputation as a reliable and secure trading partner.

The Group offers a wide range of trading instruments and robust trading conditions, appealing to both novice and experienced traders globally.

 

 

 

Pros and Cons

 

 

Frequently Asked Questions

 

What is MultiBank Exchange Group?

MultiBank Exchange Group is a global financial services provider regulated by over 15 financial authorities worldwide, including the Monetary Authority of Singapore (MAS) through its Singapore entity, MEX Global Markets.

 

Does MultiBank Exchange Group offer leverage?

Yes, MultiBank provides leverage, with maximum levels depending on the account type and regulatory jurisdiction.

 

What are the typical spreads offered by MultiBank Exchange Group?

Spreads start from 0.1 pips, depending on the trading instrument and account type.

 

Is MultiBank Exchange Group suitable for beginners?

Yes, MultiBank offers a range of account types and educational resources suitable for both beginners and experienced traders.

 

 

Our Insights

MultiBank Exchange Group stands out for its extensive regulation and competitive trading conditions, making it a solid choice for traders seeking reliability and a broad range of instruments.

 

 

City Index

City Index is a global provider of spread betting, forex (FX), and CFD trading services. It is part of the StoneX Group, which is listed on Nasdaq, and operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS) in Singapore.

 

 

 

Pros and Cons

 

 

Frequently Asked Questions

 

Does City Index offer mobile trading?

Yes, City Index has mobile trading apps for both Android and iOS devices.

 

Are there any fees for withdrawals?

Withdrawal fees may apply depending on the payment method and account type.

 

Does City Index provide customer support?

City Index offers customer support through various channels including live chat and email.

 

What educational resources are available?

City Index provides educational materials such as webinars, articles, and trading guides.

 

 

Our Insights

City Index supports various trading styles and provides both mobile and desktop access, along with VPS hosting. Overall, it is a solid choice for traders seeking reliable and regulated trading services.

 

 

The Monetary Authority of Singapore (MAS) – Explained

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and financial regulatory authority. MAS plays a crucial role in overseeing and regulating the financial industry in Singapore to ensure its stability and integrity. Key functions include:

 

• MAS regulates banks, insurance companies, securities firms, and other financial institutions.
• It formulates and implements monetary policy to ensure price stability and support economic growth.
• MAS works to safeguard the stability of Singapore’s financial system.

 

In addition, MAS promotes the development of Singapore’s financial markets, including facilitating innovation, improving market infrastructure, and supporting the growth of new financial products and services.

 

 

In Conclusion

MAS ensures that financial institutions adhere to fair practices and provides resources and guidance to help consumers make informed financial decisions. MAS is known for its stringent regulatory standards and robust enforcement, contributing to Singapore’s reputation as a global financial hub.

 

You might also like:

 

• Saxo Bank Review
• Interactive Brokers Review
• MultiBank Group
• City Index Review