In Singapore, all forex brokers are regulated directly by the Monetary Authority of Singapore (MAS). This is the same agency that is also tasked with overseeing the rest of Singapore’s financial services industry, as well as managing the country’s currency, the Singapore dollar.
Singapore is well-known as a financial hub and business-friendly country. The country’s regulator has also traditionally found a balance between attracting forex brokers and other financial services firms to set up offices in the country, and the need to offer reasonable protection for non-professional traders. So far, MAS enjoys a good reputation in the forex brokerage industry, and many brokers have registered local branches in Singapore.