However, optimists have pointed out that democracy is gradually taking root in the country. Plus 45 User Reviews. Let us help you to do by checking out our list of the best brokers in Singapore. It is unlike Singapore where one agency, MAS, regulates all the financial functions of the government. Related Articles Explore our other online trading guides:. High tech hub country of Singapore is one of the richest in Asia Pacific area with a thriving economy, top salaries in the world, big investments from foreign countries and according to statistics it has the largest volumes of transactions in Forex after London and New York.
Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region.
History of Forex brokers in Singapore
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How to Verify MAS Authorisation
15 rows · Singapore Forex Brokers The average forex turnover volume in Singapore is ranges . Prospective brokers in Singapore must have a Forex license to engage in Forex trading. The first step is registering a company in the country with the primary purpose of providing FX trade services. One then has to submit the company’s Memorandum of Association, business plan . As Singapore’s central bank, the Monetary Authority of Singapore (MAS) also oversees financial sector businesses, including forex brokers, and has the reputation of being one of the strictest.