Forex trading in Singapore
MAS-regulated brokers and Asian-session liquidity research for Singapore, the region's largest FX hub.
- Regulators
- MAS
- Local currency
- SGD
- Retail leverage
- 1:20 retail
- Main session
- Asian session (00:00–09:00 GMT)
- Timezone
- Asia/Singapore
- Coordinates
- 1.352, 103.820
How Forexpia covers Singapore
Singapore is Asia's largest foreign exchange centre by turnover, and the Monetary Authority of Singapore licenses local providers under the Securities and Futures Act. Forexpia ranks MAS Capital Markets Services licence holders above offshore entities targeting the same audience.
Retail leverage for Specified Investment Products is capped at 1:20 on major pairs, which is stricter than most of the region. Our broker cards surface this to prevent leverage claims imported from offshore marketing pages.
The USD/SGD, USD/JPY and AUD/USD pairs anchor local search intent, and MAS operates monetary policy via the SGD nominal effective exchange rate band rather than a policy interest rate — a distinction our education crawler tags explicitly.
Frequently asked questions
Which body regulates forex brokers in Singapore?
The Monetary Authority of Singapore (MAS) licenses forex and CFD providers under a Capital Markets Services licence.
What is the retail leverage limit in Singapore?
MAS caps retail leverage at 1:20 for major currency pairs, with tighter limits on other instruments.
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Risk warning: forex and CFD trading involves significant risk and you may lose some or all of your invested capital. Forexpia does not provide personalised investment advice, and a search ranking is not a guarantee of broker safety. Always verify a broker's regulatory status with the official regulator.