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MAS is the integrated regulator and supervisor of financial institutions in Singapore. In 1970, Parliament passed the Monetary Authority of Singapore Act leading to the formation of MAS on 1 January 1971. The passing of the MAS Act gave MAS the authority to regulate the financial services sector in Singapore.MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and make credit and exchange policies conducive to the growth of the economy. In April 1977, the Government decided to bring the regulation of the insurance industry under MAS. The regulatory functions under the Securities Industry Act (1973) were also transferred to MAS in September 1984.MAS now administers the various statutes pertaining to money, banking, insurance, securities and the financial sector. Following its merger with the Board of Commissioners of Currency on 1 October 2002, MAS also assumed the function of currency issuance.

MAS

Regulated
MultiBank Group
10-15 years
Regulated in Australia
Regulated in Cyprus
Regulated in United Arab Emirates
Regulated in Singapore
Market Making(MM)
Straight Through Processing(STP)
Retail Forex License
MT4 Full License
MT5 Full License
8.96
Score
Domestic Regulation
OANDA
Above 20 years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in United States
Regulated in Canada
Regulated in Singapore
Market Making(MM)
Retail Forex License
MT4 Full License
MT5 Full License
Self-developed
Global Business
High potential risk
8.49
Score
Domestic Regulation
FOREX.com
Above 20 years
Regulated in Australia
Regulated in Japan
Regulated in United Kingdom
Regulated in United States
Regulated in Cyprus
Regulated in Canada
Regulated in Singapore
Market Making(MM)
Retail Forex License
MT5 Full License
MT4 Full License
Self-developed
Global Business
High potential risk
8.49
Score
Regulated
IG
Above 20 years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in New Zealand
Regulated in Singapore
Regulated in United Arab Emirates
Regulated in South Africa
Regulated in Germany
Market Making(MM)
Straight Through Processing(STP)
Retail Forex License
Financial Service Corporate
Investment Advisory License
Common Financial Service License
MT4 Full License
Global Business
Suspicious Overrun
High potential risk
8.35
Score
Regulated
Saxo
Above 20 years
Regulated in United Kingdom
Regulated in Japan
Regulated in Hong Kong
Regulated in France
Regulated in Italy
Regulated in Switzerland
Regulated in Singapore
Regulated in Australia
Dealing in futures contracts & Leveraged foreign exchange trading
Market Making(MM)
Financial Service
Retail Forex License
Common Business Registration
Global Business
United Arab Emirates Common Financial Service License Revoked
France Common Financial Service License Revoked
Suspicious Overrun
High potential risk
8.25
Score
Regulated
Plus500
10-15 years
Regulated in Australia
Regulated in Japan
Regulated in Cyprus
Regulated in United Kingdom
Regulated in New Zealand
Regulated in Singapore
Market Making(MM)
Straight Through Processing(STP)
Retail Forex License
MT4 Full License
Self-developed
Global Business
High potential risk
8.20
Score
Regulated
CMCMarkets
Above 20 years
Regulated in United Kingdom
Regulated in New Zealand
Regulated in Canada
Regulated in Singapore
Regulated in Australia
Regulated in Germany
Market Making(MM)
Retail Forex License
Investment Advisory License
Common Financial Service License
MT4 Full License
MT5 Full License
Self-developed
Global Business
Germany Retail Forex License Revoked
France Retail Forex License Revoked
Suspicious Overrun
High potential risk
7.99
Score
Regulated
LION
5-10 years
Regulated in Hong Kong
Regulated in Singapore
Regulated in Cayman Islands
Dealing in futures contracts
Retail Forex License
Common Financial Service License
MT4 Full License
Self-developed
Regional Brokers
Suspicious Overrun
High potential risk
Offshore Regulated
6.59
Score
Regulated
uSMART Group
1-2 years
Regulated in Hong Kong
Regulated in Singapore
Dealing in securities
Retail Forex License
Suspicious Scope of Business
Suspicious Overrun
Medium potential risk
6.54
Score
Regulated
Phillip Nova
Above 20 years
Regulated in Singapore
Retail Forex License
MT5 Full License
Regional Brokers
6.34
Score
Regulated
Blackrock
Above 20 years
Regulated in Hong Kong
Regulated in Singapore
Regulated in Australia
Regulated in United Kingdom
Dealing in futures contracts
Retail Forex License
Investment Advisory License
Suspicious Overrun
High potential risk
6.26
Score
Regulated
Straits Financial
5-10 years
Regulated in Singapore
Retail Forex License
Suspicious Scope of Business
Hong Kong Dealing in futures contracts Revoked
Medium potential risk
5.04
Score
Regulated
StarX Capital Markets
2-5 years
Regulated in Singapore
Retail Forex License
Suspicious Scope of Business
Medium potential risk
4.93
Score
Regulated
Moomoo
2-5 years
Regulated in Singapore
Retail Forex License
MT5 Full License
Suspicious Overrun
High potential risk
2.24
Score