36 MAS Regulated Brokers

Thirty-six brokers in the WIKILIX database hold a licence recorded against the Monetary Authority of Singapore and carry no adverse status label. That is the full set rather than a shortlist. Forty-two firms have a MAS record in total, and six are held back by our own status field.

MAS is a tier-1 onshore regulator, so every firm here clears the highest supervisory band we record. The mix is broader than most Singapore broker lists suggest. IG, trading since 1974, and CMC Markets Singapore Pte. Ltd sit alongside Pictet, a Swiss firm whose recorded opening date is 1805, and T. Rowe Price, which at 87.9 holds the highest score on the list.

The 36 at a glance

• Median WIKILIX score: 61.25, across a range of 45.8 to 87.9.
• Opened before 2010: 24 of the 36. Sixteen were already trading before 2000.
• Oldest recorded opening date: 1805. The newest record on the list is dated 2025.
• Headquartered in Singapore: 7. The licence is Singaporean, the companies mostly are not.
• Also carry an FCA record: 18, exactly half of the list.
• MAS is the only regulator recorded: 5, among them OCBC Securities and Phillip Nova.

How we built this list

Two filters, both applied to our own records. The first selects every active broker carrying at least one licence recorded against MAS. The second keeps only those whose WIKILIX status field reads "regulation", the label we use for a firm with no warning attached.

That second filter removed six of the 42. Four carry a suspicious-clone label, one is flagged from a scam report, and one is recorded as operating without regulation. The count is published here rather than the names, because a status label is where a reader's own checks start and not where they finish.

Order is by WIKILIX score, highest first. The score is built from the licences a broker holds, the standing of the regulators behind them, how long the firm has been recorded as trading, and how complete our record of it is. It measures none of the things a demo account would show you, and nobody pays to move up it.

What a MAS licence covers

Dealing in capital markets products from Singapore requires a Capital Markets Services licence, and MAS supervises capital adequacy alongside the handling of client money. The practical value is recourse. A licensed firm sits inside a complaints and enforcement regime that an unlicensed one does not.

Entity names matter more than brand names. Groups license one subsidiary in Singapore and run others elsewhere, so the company on your account agreement may not be the one MAS supervises. Our record for Saxo, for instance, sits with Saxo Bank A/S, a firm our data places in Hong Kong.

Check these before you open an account

• Look the firm up in the MAS Financial Institutions Directory at mas.gov.sg and match the exact legal entity rather than the brand.
• Confirm that the entity named in your client agreement is the licensed one.
• Check which activities the licence actually covers, since one permission does not imply another.
• Ask which entity holds your money, and in which country it sits.

What this list will not tell you

It carries no spreads and no minimum deposits, because we hold neither. It does not say who accepts clients from your country, since a MAS licence governs what a firm may do in Singapore and not who it may onboard abroad. The leverage figures on these cards are group-wide maximums rather than the cap the Singapore entity applies, which is why no leverage column appears above.