Regulator profile · SG
MAS — Monetary Authority of Singapore
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Monetary Authority of Singapore (MAS) is the central bank and integrated financial regulator. It supervises banking, insurance, and capital-markets services, and licenses retail forex and CFD providers under the Capital Markets Services (CMS) regime.
Brokers in Singapore accepting residents under MAS- Jurisdiction
- Singapore.
- Founded
- 1971
- Mandate
- Established by the Monetary Authority of Singapore Act, MAS combines monetary-policy, prudential and conduct functions. Retail forex and CFD activities require a CMS Licence under the Securities and Futures Act 2001 (SFA), supplemented by the Financial Advisers Act for advisory services.
- Consumer protection
- No statutory deposit-insurance for retail forex/CFD products. Client-money trust account requirements under SFA Part III protect customer funds in case of firm insolvency. Negative balance protection is not statutorily mandatory but most CMS-licensed firms offer it as standard practice.
- Retail leverage caps
- Maximum 1:20 retail leverage on major currency pairs since the 2018 product-intervention update; 1:10 on minors and gold. Higher leverage (up to 1:50) is available only to clients qualifying as Accredited Investors (net financial assets > SGD 1 million or income > SGD 300,000).
- Public register
- The MAS Financial Institutions Directory lists all licensed firms. Search by name or licence type (CMS, MAS-regulated bank, etc.) to verify authorisation status and any conditions. Open register ↗
- Dispute resolution
- Unresolved retail complaints escalate to the Financial Industry Disputes Resolution Centre (FIDReC), an independent ombudsman. Awards are binding on the firm up to SGD 100,000.
- Editor notes
- Singapore is a regional financial hub. CMS-licensed FX/CFD providers include IG Markets Singapore, Saxo Markets Singapore and Phillip Securities. MAS publishes an Investor Alert List of unauthorised offshore brokers soliciting Singapore residents.
Brokers we track with a MAS licence
No brokersNo tracked broker currently holds a MAS licence in our database.