Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by the Monetary Authority of Singapore (MAS), ensuring high standards of trust and reliability.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options.
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3Founded in 2012 to let users buy and sell Bitcoin through bank transfers, Coinbase has grown into a major crypto company. It now offers over 240 crypto assets, has developed advanced trading platforms for retail investors, is listed on the US Nasdaq, and holds licenses with various regulators.
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4Established in 1989, CMC Markets is a reputable brokerage firm authorized by various top regulators such as the FCA, ASIC and CIRO, and is listed on the London Stock Exchange. They boast a global client base of over 1 million traders and have received numerous awards.
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5Plus500, founded in 2008 and based in Israel, is a leading brokerage with more than 25 million registered traders across 50+ countries. The company specializes in CFD trading, provides a user-friendly platform and mobile app, and offers competitive spreads. It does not impose commission, deposit, or withdrawal fees. Plus500 holds the trust of its traders by being licensed by well-known regulators such as FCA, ASIC, and CySEC.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $0 | $0 | 1:2 | ✗ | SEC, FINRA, MAS, ASIC, SFC | Stocks, Options, ETFs, ADRs, OTCs ,Futures | Desktop Platform, Mobile App | USD, HKD, SGD | ✗ | ✗ | ✗ | |
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✓ | ✗ | $0 | $2 | ✗ | ✗ | FinCEN, FCA, CBoI, MAS, OAM, DNB, BdE | Crypto | Coinbase, Advanced Trade, Wallet, NFT | USD, EUR | ✗ | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | ✗ | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Web, MT4, TradingView | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN | Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | |
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✓ | ✓ | $100 | Variable | 1:30 | ✗ | FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto | WebTrader, App | USD, EUR, GBP, AUD, ZAR, CZK | ✗ | ✗ | ✓ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
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✗ | ✗ | ✓ | |
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✓ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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Yes (iOS & Android) | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS, Android & Windows | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $0 | $0 | ✗ | ✗ | ||
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✗ | $0 | $2 | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $100 | Variable | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:2 | ✗ | ✓ |
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✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 5.1% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $0 | $0 per trade | ✗ | ✗ | |
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✗ | $0 | ✗ | ✗ | 0.5% - 1% (BTC) | |
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✗ | $10 | 0.02 | 0.7 | From 1.3 | |
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✗ | $10 | Dynamic | Dynamic | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Monetary Authority of Singapore (MAS) Regulated Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Coinbase |
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| Plus500 |
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| Moomoo |
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| Interactive Brokers |
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| CMC Markets |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
Cons
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
Why Trade With Moomoo?
Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.
Pros
- The fees for options contracts have been lowered from $0.65 to $0.
- Moomoo is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
- The 'Moomoo Token' produces changing passwords to enhance transaction security - a distinctive and practical safety measure for traders.
Cons
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
Why Trade With Coinbase?
Coinbase is great for beginners who want an easy-to-use platform to buy and sell various cryptocurrencies, with strong security and regulatory compliance. However, its fees are higher than competitors in our tests, and it’s less suited for short-term traders.
Pros
- Coinbase, listed on Nasdaq, complies with strict financial regulations and is licensed in the US, UK, and Europe. It offers security features like FDIC insurance for USD balances (up to $250,000) and two-factor authentication (2FA).
- Platforms are available for all skill levels: beginners can use the simple Coinbase app, while Advanced Trade offers lower fees and professional tools.
- Coinbase Advanced enhanced its trading with two new futures products in 2025: Natural Gas (NGS) at 1,000 MMBtu per contract with up to 11x leverage, and Cardano (ADA) futures at 1,000 ADA per contract with up to 5x leverage.
Cons
- Advanced Trade provides TradingView charts but lacks research tools like news feeds, economic calendars, and AI market insights.
- Crypto fees are high based on tests, especially when compared to competitors like Kraken and BitMEX, particularly on the regular trading platform.
- Customer support is frustrating during testing because most help options require login, making it difficult for locked-out users or those without accounts to get assistance.
Why Trade With CMC Markets?
CMC Markets offers a great online platform for traders. It has advanced charting tools and a wide variety of CFDs to trade, including a large selection of currencies and customized indices. It caters to traders at all levels.
Pros
- CMC Markets is strictly overseen by respected finance entities, helping to ensure safe and reliable trading. Its excellent reputation ensures a secure trading environment.
- CMC provides great pricing, with narrow spreads and low fees for trading except for stock CFDs. The Alpha and Price+ programs also give benefits to active traders, including up to 40% spread discounts.
- We upgraded its 'Assets & Markets' rating due to frequent product additions in early 2025, including extended hours trading on US stocks and new share CFDs.
Cons
- CMC provides a commendable range of assets, but lacks support for actual stock trading and UK customers are unable to trade cryptocurrencies.
- Trading stock CFDs carries a comparatively high commission charge, particularly when contrasted with more affordable brokers such as IC Markets.
- The CMC Markets app provides full trading services, but its design and user experience are not as good as leading competitors such as eToro.
Why Trade With Plus500?
Plus500 provides a streamlined experience for traders through a modern and dynamic CFD trading platform. However, its research tools are limited, it charges higher fees compared to some brokers, and its educational resources can be improved.
Pros
- In 2025, Plus500 introduced new share CFDs in emerging sectors such as quantum computing and AI, providing opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana.
- Plus500 offers a WebTrader platform specifically made for CFD trading. It presents a neat and straightforward interface.
- The customer support team reliably offers 24/7 assistance through email, live chat, and WhatsApp.
Cons
- Without social trading, users cannot mimic the trading actions of experienced traders.
- The absence of MetaTrader or cTrader charting tools in Plus500 might deter experienced traders who value familiarity.
- The lack of educational resources adds a challenge for new traders, unlike top-tier brokers like eToro that offer extensive learning materials.
Filters
Brokers Regulated by the Monetary Authority of Singapore (MAS)
If you’re trading in Singapore, it’s essential to choose a broker regulated by the Monetary Authority of Singapore (MAS). This guide will outline the leading trading brokers authorized by the MAS and explain the agency’s goals, powers, and the protection it offers to traders like you.
What Is The Monetary Authority of Singapore?
The Monetary Authority of Singapore (MAS) is Singapore’s main financial overseer. It manages the banking and insurance sectors, deals with securities, oversees money issues, and keeps an eye on the country’s financial landscape overall. Additionally, it handles currency and foreign exchange rates, like USD to SGD.
MAS is headquartered at 10 Shenton Way, MAS Building, Singapore, and has offices in places like London and New York.
According to its mission, the MAS aims for economic growth without inflation and wants a solid, forward-thinking financial services industry. To do this, it works on plans and goals like:
– Managing exchange rates
– Handling the country’s foreign reserves
– Overseeing the financial sector
– Developing Singapore as a global financial hub
Some steps it has taken towards these goals include:
– Implementing the Currency Act
– Creating dispute resolution rules
– Enforcing anti-terrorism measures
– Setting the Payment Services Act
The objectives set by the MAS include:
– Ensuring a stable financial system
– Maintaining safe intermediaries (middlemen in financial systems)
– Creating secure, effective infrastructure
– Promoting fair and transparent markets
– Helping customers be informed and empowered
– Promoting fairness in dealings by financial intermediaries
History of the Monetary Authority of Singapore
Established in 1971, the MAS consolidated all monetary functions previously managed by different government departments. In 1970, Singapore passed the Monetary Authority of Singapore Act, which formed the MAS to address complexities in monetary matters and gave it comprehensive regulatory powers.
Structure of the Monetary Authority of Singapore
The MAS’s organizational structure can be seen on its official website. Leading the team is Managing Director Ravi Menon, who operates like a CEO. Under him, key figures include:
– Jacqueline Loh, Head of Corporate Development
– Andrew Khoo, Head of International Development
– Tan Yeow Seng, Head of Cyber Security
The team manages everything from press interactions to crafting the latest financial documents. Some notable past employees are Chua Kim Leng, Valerie Tay, and Lee Yuan Siong.
Responsibilities & Powers of the MAS
Guidelines & Rules
The MAS sets guidelines to maintain a safe financial environment, covering aspects like personal conduct, risk management, and business continuity.
Public Information
As a government entity, the MAS shares financial details like annual reports, stability statements, and profit updates. It also informs the public about unregulated entities through an alert list and maintains a register of licensed financial representatives for transparency.
Licensing
Reliable brokers worldwide strive to get MAS licenses as a mark of trustworthiness. The MAS maintains a directory of licensed financial service providers.
Monetary Policy
MAS manages monetary policy, including economic measures like adjusting the exchange rate and conducting risk assessments to ensure long-term stable growth.
Sanctions
For those who break rules, the MAS can issue:
– Financial sanctions
– Supervisory reminders
– Prohibition orders
– Civil penalties
– Reprimands and warnings
To contact MAS for assistance, their helpdesk operates Monday to Friday, 8:30 am to 6:00 pm, accessible by phone or email.
FinTech
MAS’s FinTech regulatory sandbox allows financial institutions to test new financial products with some regulatory leniency. Once testing is successful, full compliance is required.
Cryptocurrency
Recognizing the rise of digital currencies, the MAS has built robust crypto regulations, making Singapore a key player in this area. Projects like Ubin explore blockchain technologies, enhancing how financial transactions are handled.
Environmental Concerns
As climate change impacts increase, MAS is encouraging green financial practices and integrating environmental and social considerations into decision-making.
Final Thoughts on the MAS
The Monetary Authority of Singapore plays a crucial role in monitoring and regulating Singapore’s financial sector, ensuring transparency and fairness. Whether you’re trading or engaging with other financial services, it’s advisable to verify that your broker is MAS-regulated. You can easily do this by searching their public register or reviewing recommended brokers on brokerlistings.com.
FAQs
What Does The Monetary Authority of Singapore Do?
MAS acts as Singapore’s central bank and financial watchdog, covering everything relevant to banking, securities, insurance, and finance.
Who Owns The Monetary Authority of Singapore?
MAS is a government agency, operating within the governmental framework, not owned by any private entity.
The Monetary Authority of Singapore Is Under Which Ministry?
The MAS is overseen by a board of directors and chaired by Singapore’s Minister for Finance.
Does The Monetary Authority of Singapore Regulate Forex Brokers?
Yes, the MAS regulates forex brokers, as well as any financial service provider in Singapore. It’s important for traders to ensure their brokers are MAS-licensed.
What Preceded The Monetary Authority of Singapore?
Before 1971, Singapore’s financial sector was regulated by different government departments, without a singular overseeing body.