Singapore enjoys a strong reputation as a global forex trading center after having seen strong growth in its financial sector over the past few decades.
The Monetary Authority of Singapore (MAS) is the sole regulator in charge of regulating the financial industry in Singapore. MAS is a highly regarded regulator, which has contributed to turning Singapore into one of the most reputable jurisdictions for forex trading in Asia.
Singapore is also a business-friendly country, which has led many of the largest global forex brokers to set up their regional headquarters in the city-state. Forex trading remains popular among Singapore residents, and the country is home to many high-profile independent traders.