Best Forex Brokers in Singapore | Compare Forex Brokers | Singapore

There are seven new players. Total number of forex brokers with Capital Markets Services license from Monetary Authority of Singapore now There is quite a number of changes since our own last update back in 09 January MAS updates this information yearly.

Overall the number of players with CMS license for Leveraged Foreign Exchange Trading increased from 24 to Gain Capital Singapore replaced City Index Asia.

Gain Capital acquired City Index back in November so in fact should be updated by January CUSTOM HOUSE CURRENCY EXCHANGE SINGAPORE PTE. If you follow the links, you will arrive at a page for each broker listing its licensed activities and critical information.

In this example for IG Markets, an established broker in Singapore.

Forex Brokers in Singapore | Singaporean Forex Brokers

The Securities and Futures Act SFA covers financial market operators including brokers for leveraged forex trading in Singapore. It ensures the proper functioning of the market.

Forex Brokers which are Regulated in Singapore

For individuals, the immediate concern is the protection of own trading and investing capital. If a consumer chooses to deal with persons that are not regulated by MAS, he forgoes the protection afforded under laws administered by MAS, particularly if these persons are based overseas. Members of the public are usually enticed to attend such investment or training programmes with promises of quick and good returns.

The modus operandi of such programmes have included:. One of the best advice comes from Bank Negara Malaysia.

In fact our very own encounter documented here tells us that Bank Negara understands the type of monkey business going on.. A forex scam that could happen to stocks, futures and commodities as well.

The CFTC has witnessed a sharp rise in Forex trading scams in recent years and wants to advise you on how to identify potential fraud. Why is Singapore a good place to trade forex? The number of Capital Markets Services CMS licensees for Leveraged Foreign Exchange Trading or regulated brokers in short are growing in Singapore.

Forex Broker Singapore - How to Find a Forex Broker in Singapore

This is probably in line with the adoption of leveraged forex trading by individual investors and speculators. You must be logged in to post a comment. MAS regulated forex brokers in Singapore. A forex scam that could happen to stocks, futures and commodities as well Your browser does not support the audio element. The following two tabs change content below.

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