Best MAS Regulated Forex Brokers 2026

Last updated July 18, 2026

Compare the top forex brokers regulated by the Monetary Authority of Singapore (Singapore). Verified licenses and deep liquidity.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Global

#1
IC Markets
IC Markets
Review
#2
FxPro
FxPro
Review
#3
IG
IG
Review
Full Comparison
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Last reviewed:
By:BrokerAnalysis Research Desk
Fact-checked by:BrokerAnalysis Editorial Team

What is the MAS (Monetary Authority of Singapore)?

Monetary Authority of Singapore is the financial regulatory body in Singapore. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.

Why Choose MAS Regulated Brokers?

MAS is a world-leading financial authority. Our current ranking starts with IC Markets where it is available, followed by FxPro, IG, and OANDA. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

Trading Conditions

BrokerLink
IC Markets$2001:1000 (Global) | 1:30 (Retail)Open
FxPro$1001:200 (Pro) | 1:30 (Retail)Open
IG$250 ($0 bank transfer)1:30 (Retail UK/EU) | 1:200 (Pro)Open
OANDA$01:50 (US) | 1:30 (EU/UK) | 1:200 (BVI)Open
CMC Markets$01:30 (Retail) | 1:500 (Pro)Open
Saxo Bank$2,0001:30 (Retail) | 1:66 (Pro)Open

In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

IC Markets logo
Our Rating
4.6/5.0
Best ForScalpers, EA traders & low-latency algorithmic trading
Min Deposit$200

IC Markets Review Summary

IC Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Raw) | 0.8 pips (Standard) on EUR/USD, and $200 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Consistently deepest liquidity and tightest raw spreads (0.0)
  • Servers located in NY4 & LD5 datacenters for <40ms latency
  • No restrictions on scalping, hedging, or EAs
  • Excellent support for cTrader and TradingView
Cons
  • Customer service can be slower during peak times
  • Protection and leverage depend heavily on your account entity
  • Basic research and educational material
FxPro logo
Our Rating
4.4/5.0
Best ForProfessional European traders & cTrader enthusiasts
Min Deposit$100

FxPro Review Summary

FxPro is a multi-regulated broker with MT4, MT5, cTrader, FxPro Platform access, 0.0 pips (Raw+) | 1.2 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • FCA and CySEC regulated
  • cTrader integration
  • No dealing desk execution
  • FxPro Edge proprietary platform
Cons
  • $100 minimum deposit
  • Wider spreads on standard accounts
  • Inactivity fee after 1 year
IG logo
Our Rating
4.7/5.0
Best ForProfessional traders, US traders & comprehensive market access
Min Deposit$250 ($0 bank transfer)

IG Review Summary

Founded in 1974 and headquartered in London, UK, IG is a highly rated broker offering 80+ forex pairs. They are regulated by MAS providing strong client safety.

Pros
  • Regulation varies by entity
  • Minimum deposit: $250 ($0 bank transfer)
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
OANDA logo
Our Rating
4.6/5.0
Best ForUS traders, beginners & data-driven analysts
Min Deposit$0

OANDA Review Summary

Founded in 1996 and headquartered in New York, USA, OANDA is a highly rated broker offering 70+ forex pairs. They are regulated by MAS providing strong client safety.

Pros
  • Regulation varies by entity
  • Minimum deposit: $0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
CMC Markets logo
Our Rating
4.6/5.0
Best ForAdvanced chartists & UK spread bettors
Min Deposit$0

CMC Markets Review Summary

Founded in 1989 and headquartered in London, UK, CMC Markets is a highly rated broker offering 300+ forex pairs. They are regulated by MAS providing strong client safety.

Pros
  • Regulation varies by entity
  • Minimum deposit: $0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
Saxo Bank logo
Our Rating
4.6/5.0
Best ForHigh-net-worth investors & multi-asset traders
Min Deposit$2,000

Saxo Bank Review Summary

Founded in 1992 and headquartered in Copenhagen, Denmark, Saxo Bank is a highly rated broker offering 185+ forex pairs. They are regulated by MAS providing strong client safety.

Pros
  • Regulation varies by entity
  • Minimum deposit: $2,000
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening

Frequently Asked Questions About MAS Regulated Forex Brokers

Frequently Asked Questions

Monetary Authority of Singapore is the financial regulatory body in Singapore. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.
Yes, brokers regulated by the MAS are generally considered very safe. They are subject to strict financial standards, audits, and operational requirements.
No specific forex compensation fund, but immense institutional oversight.
Many brokers hold multiple licenses. While a broker may be regulated by this authority, international clients might be onboarded under a different regulatory entity within the broker's group depending on their country of residence.

Top Searched Questions

How do I choose a reliable forex broker in 2026?

Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.

What makes a forex broker the 'best' overall?

The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.

Which forex brokers are consistently top-rated?

Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.

What is forex trading and how does it work?

Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.

What is the best forex trading platform to use?

MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.

How do forex trading platforms differ from each other?

MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.

What features should a trading platform have?

A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.

How does the forex market work?

The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.

Sources & References

  1. IC Markets
  2. IG
  3. OANDA
  4. BrokerAnalysis
  5. BrokerAnalysis
  6. BrokerAnalysis

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Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.