Monetary Authority of Singapore. 5 of the 139 brokers in our researched set (4%) currently hold a licence from this regulator, computed live from the same dataset behind every review and ranking on this site.
| Jurisdiction | Singapore -- leveraged forex/CFD trading requires a Capital Markets Services (CMS) licence under the Securities and Futures Act |
|---|---|
| Leverage rules | MAS cut the retail forex leverage cap from 50:1 to 20:1 in 2019 -- confirmed against this site's own Singapore country-page research, though not independently re-confirmed against the current MAS rulebook for this page. A Singapore "accredited investor" (meeting the jurisdiction's wealth/experience criteria) can reportedly access up to 50:1, with correspondingly reduced regulatory protection. Offshore brokers serving Singapore residents outside MAS's licensing regime aren't bound by this cap at all. |
| Investor compensation | No statutory compensation scheme. |
| Complaint process | The Financial Industry Disputes Resolution Centre (FIDREC) is Singapore's independent dispute-resolution body for retail financial disputes, including against CMS licensees. We couldn't confirm FIDREC's specific claim limits or process details for a forex/CFD dispute from public guidance, so check directly with FIDREC or MAS before assuming a specific compensation amount. No MAS-administered investor compensation scheme specific to CFD/forex broker insolvency was confirmed -- its framework centres on licensing conditions, segregated client accounts, and a mandatory Customer Knowledge Assessment rather than a standing compensation fund. |
| Official register | Search the MAS Financial Institutions Directory (FID) → |
See our full MAS regulation guide for what this licence does and doesn't guarantee.
We track that each broker below discloses a MAS licence, but not the specific licence number or which legal entity holds it -- that detail isn't consistently available in our research for this regulator. See the broker's own review for whatever entity/licence detail it discloses directly.