| Broker | Country | Rating | Min. Deposit | Website |
 | US, UK, CA, SG, AU, JP | /5 | $1 | Read the review |
 | Sinapore | /5 | $500 | Read the review |
Although a fairly small country, Singapore is actually a large forex market (in terms of trading volume). According to the 2016 Triennial Central Bank Survey in 2016, it is the biggest FX center in Asia and the third-largest globally after London and New York.
As required by law, the forex brokers operating in the Singapore must have a license from the Monetary Authority of Singapore (MAS). This is an organization empowered to act as the country’s central bank, to manage the official foreign reserve of the country, to develop and promote Singapore as an international financial center, and to be in charge of financial services providers. The latter includes drafting of guidelines, licensing, close supervision aimed at sound and progressive financial services sector.
The local financial regulator’s task is to ensure that authorized brokerages provide high level of customer protection, including but not limited to keeping client funds in segregated accounts. In addition, MAS makes sure that those entities are not creating unfavorable trading conditions for clients and that their employees are sufficiently competent and experienced. The authority also has complete authority over the companies to impose fines and revoke licenses, if it finds any violations.
Above is a list of some of the best forex brokers in Singapore.
Singapore forex brokers news
Singapore Police Launches Investigation into Alleged Crypto Scam
Authorities in Singapore have launched an investigation into one Hodlnaut, a local crypto lending and borrowing platform. The police has reason to
Binance Ceases Licensing Effort in Singapore
Binance.sg recently addressed its users and said that it will be officially shutting down its license application in Singapore. Binance Asia Services
Binance Flagged by Singapore Regulator
The Monetary Authority of Singapore (MAS) has become the latest regulatory agency to flag the major cryptocurrency exchange Binance. It seems, even
Global CBDC Challenge Announced by Monetary Authority of Singapore
Singapore’s leading financial regulator disclosed that it will launch a challenge on an international scale for Central Bank Digital Currency (CBDC) solutions,
Singapore’s DBS Bank to Launch Crypto Exchange
DBS Bank will be launching a digital currency exchange. The largest lender in Singapore, through its new project, will allow for institutional
Singapore’s Wirecard Subsidiary to Stop All Payment Services
This Wednesday, the Monetary Authorities in Singapore (MAS) decreed that all Wirecard entities present in the city-state are to seize all payment
Singapore’s KuCoin Hacked for $150 Million, Users Reassured That Funds Will be Restored
Singapore based crypto exchange revealed that it was a victim of a $150 million hack, as Bitcoin and other digital coins had
Barclays Plans on Launching New FX Pricing Agent in Singapore
Barclay Plc, the multinational British bank, revealed that it will commence an FX pricing engine in Singapore. This news came this Wednesday,
Singapore opens up for the crypto industry
A new payments legislation recently adopted in Singapore will allow global crypto companies to legally expand their operations in the country, after
Singapore scam broker falls on the radar of the FCA
Omega Crypto is yet another unregulated Forex brokerage that has been added to the long warning list of the Financial Conduct Authority
Singapore sees sharp rise in investment scams
In a single case a Singapore national lost over 3,1 million USD (4,3 million SGD) to scammers who lured him with a
Singapore lowers its leverage cap
Singapore has lowered its leverage cap by more than half. This means forex traders in the country will now have access to
Singapore authorities warn of a new crypto scam
The Monetary Authority of Singapore (MAS) together with the country’s Central bank warned of scammers falsely attributing statements, advertising bitcoin investment opportunities,
Bitrue hacked for $4.5 mln in crypto coins
The Singapore crypto exchange Bitrue said today it had been hacked for over 4,5 million USD. The coins Ripple (XRP) and Cardano
Singapore arrests two in connection to the OneCoin pyramid
The police in Singapore has arrested two men for using multi-level marketing schemes to promote OneCoin – a scam cryptocurrency, founded in
