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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

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
Regulated in The Virgin Islands
Forex Trading License (EP)
Derivatives Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
High potential risk
Offshore Regulated
8.34
Score
Domestic Regulation
FOREX.com
Above 20 years
Regulated in Australia
Regulated in Japan
Regulated in United States
Regulated in Cyprus
Regulated in Canada
Regulated in United Kingdom
Regulated in Singapore
Market Making License (MM)
Forex Trading License (EP)
Derivatives Trading License (EP)
MT5 Full License
MT4 Full License
Self-developed
Global Business
High potential risk
8.27
Score
Regulated
IG
Above 20 years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in Germany
Regulated in New Zealand
Regulated in United Arab Emirates
Regulated in South Africa
Regulated in Singapore
Market Making License (MM)
Forex Trading License (EP)
Derivatives Trading License (MM)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Self-developed
Global Business
New Zealand Market Making License (MM) Revoked
Australia Market Making License (MM) Revoked
High potential risk
8.26
Score
Regulated
CMC MARKETS
Above 20 years
Regulated in Australia
Regulated in United Kingdom
Regulated in New Zealand
Regulated in Canada
Regulated in Singapore
Derivatives Trading License (MM)
Derivatives Trading License (EP)
Market Making License (MM)
MT4 Full License
MT5 Full License
Self-developed
Global Business
United Kingdom Market Making License (MM) Revoked
High potential risk
8.15
Score
Regulated
StoneX
5-10 years
Regulated in United Kingdom
Regulated in Hong Kong
Regulated in Singapore
Derivatives Trading License (AGN)
Market Making License (MM)
Global Business
Medium potential risk
8.13
Score
Regulated
Plus500
15-20 years
Regulated in Australia
Regulated in Japan
Regulated in Cyprus
Regulated in United Kingdom
Regulated in Canada
Regulated in New Zealand
Regulated in United Arab Emirates
Regulated in Singapore
Regulated in Seychelles
Regulated in Bahamas
Market Making License (MM)
Forex Execution License (STP)
Forex Trading License (EP)
Derivatives Trading License (EP)
Derivatives Trading License (MM)
Self-developed
Global Business
High potential risk
Offshore Regulated
7.99
Score
Regulated
ORIENT SECURITIES
5-10 years
Regulated in China
Regulated in Singapore
Derivatives Trading License (AGN)
Market Making License (MM)
Suspicious Scope of Business
Medium potential risk
7.91
Score
Regulated
Saxo
Above 20 years
Regulated in United Kingdom
Regulated in Japan
Regulated in Italy
Regulated in Singapore
Derivatives Trading License (MM)
Market Making License (MM)
Global Business
Hong Kong Market Making License (MM) Revoked
France Market Making License (MM) Revoked
High potential risk
7.76
Score
Regulated
eToro
15-20 years
Regulated in Australia
Regulated in Cyprus
Regulated in United Kingdom
Regulated in United Arab Emirates
Regulated in Singapore
Regulated in Seychelles
Forex Execution License (STP)
Market Making License (MM)
Derivatives Trading License (EP)
Self-developed
Global Business
High potential risk
Offshore Regulated
7.58
Score
Regulated
Swissquote
10-15 years
Regulated in Hong Kong
Regulated in United Kingdom
Regulated in United Arab Emirates
Regulated in Singapore
Market Making License (MM)
Forex Execution License (STP)
Derivatives Trading License (STP)
Derivatives Trading License (EP)
MT4 Full License
MT5 Full License
Global Business
High potential risk
7.11
Score
Regulated
uSMART
2-5 years
Regulated in Hong Kong
Regulated in Singapore
Derivatives Trading License (AGN)
Derivatives Trading License (EP)
Self-developed
6.82
Score
Regulated
Blackrock
Above 20 years
Regulated in Hong Kong
Regulated in United Kingdom
Regulated in Australia
Regulated in Singapore
Derivatives Trading License (AGN)
Forex Execution License (STP)
Market Making License (MM)
Global Business
High potential risk
6.69
Score
Regulated
LION
5-10 years
Regulated in Hong Kong
Regulated in Singapore
Regulated in Cayman Islands
Derivatives Trading License (AGN)
Market Making License (MM)
Derivatives Trading License (EP)
MT4 Full License
Self-developed
Regional Brokers
High potential risk
Offshore Regulated
6.23
Score
Regulated
Phillip Nova
Above 20 years
Regulated in Singapore
Market Making License (MM)
MT5 Full License
Regional Brokers
6.11
Score
Regulated
Test Flight(test)
10-15 years
Regulated in Belarus
Regulated in Australia
Forex Trading License (EP)
Authorized Representative (AR)
cTrader
Global Business
Medium potential risk
5.87
Score
Regulated
CGS International
5-10 years
Regulated in Indonesia
Regulated in Singapore
Forex Trading License (EP)
Derivatives Trading License (EP)
Market Making License (MM)
High potential risk
5.72
Score
Regulated
KGI
5-10 years
Regulated in Singapore
Market Making License (MM)
Self-developed
Suspicious Scope of Business
5.28
Score
Regulated
OCBC
5-10 years
Regulated in Singapore
Market Making License (MM)
Medium potential risk
5.10
Score
Regulated
Straits Financial
5-10 years
Regulated in Singapore
Market Making License (MM)
Suspicious Scope of Business
Hong Kong Derivatives Trading License (AGN) Revoked
Medium potential risk
5.06
Score
Regulated
STARX CAPITAL MARKETS
2-5 years
Regulated in Singapore
Market Making License (MM)
Suspicious Scope of Business
Medium potential risk
4.98
Score
Regulated
moomoo
2-5 years
Regulated in Singapore
Market Making License (MM)
MT5 Full License
Global Business
High potential risk
3.03
Score