DMA Forex Brokers in Singapore

All brokerage companies in Singapore are under the direct supervision of the Monetary Authority of Singapore (MAS). That of course also includes brokers offering trading with direct market access, or DMA for short, of which there are a few in Singapore. Considering Singapore’s reputation as a financial center, however, the number of DMA brokers registered and regulated there is surprisingly low.

The DMA model in forex trading essentially means that traders can trade directly with other traders instead of with their own broker. Since many brokers operate dealing desks where they match client orders, the DMA model eliminates one of the greatest potential conflicts of interest that exist between brokers and their clients.