Top 10 MAS Regulated Brokers by WIKILIX Score

Ten brokers hold a Monetary Authority of Singapore licence and rank highest on the WIKILIX score, and they are the whole of this page. We drew them from 41 MAS licensees scoring 50 or above, ranked from T. Rowe Price at 87.9 down to eToro at 67.8. Six firms that would have scored their way in were set aside first, because each carries a status a reader should check before depositing, from suspicious-clone flags to one recorded scam report.

What the score ranks, and what it leaves out

The order is the WIKILIX score, highest first, with no ties among the ten. The score weighs the licences a broker holds and how long it has operated, and it rewards a fuller record over a thin one. It says nothing about the spread you will pay or how fast an order fills, and nothing about whether a firm will open an account for someone in your country. Read it as a starting point for your own checks, not as a verdict.

The gap between top and bottom here is real. T. Rowe Price sits at 87.9 and eToro at 67.8, and across the wider group of 35 clean-status licensees the median score is 61.3. That spread is why a shortlist of ten is more useful than the full population: the firms below the cut still hold a genuine MAS licence, they simply score lower on what we record.

A MAS licence is not a Singapore address

This is the point most lists blur. Only 6 of the 35 firms we drew from are actually headquartered in Singapore. The rest are global institutions that hold a Singapore licence through one arm of the business. T. Rowe Price and Paxos are American, Pictet is a Swiss private bank founded in 1805, UniCredit is booked in France, and IG has traded from London since 1974. A Monetary Authority of Singapore licence tells you the firm is authorised to carry on a regulated activity in Singapore. It does not tell you where the company sits, and it does not tell you which entity would hold your money.

What a MAS licence covers

MAS is Singapore's central bank and its single financial regulator, and it sits in the top tier of the authorities WIKILIX tracks. A broker dealing in capital markets products needs a Capital Markets Services licence under the Securities and Futures Act, which brings capital requirements and ongoing supervision. The licence is specific to the activity it names, so a firm cleared for one type of business is not automatically cleared for another. Every one of these ten also holds a licence from at least one other top-tier authority, and 31 of the 35 in the pool are regulated by two or more authorities, which is worth more to a cautious reader than any single stamp.

Before you open an account with any of them

• Find the exact company name on the MAS Financial Institutions Directory. A group may hold its Singapore licence through a single subsidiary, and the name on the register is the one that counts.
• Check which activity the licence covers. A Capital Markets Services licence is granted for named products, so confirm it matches what you intend to trade.
• Work out which entity you would actually contract with. On this list that is often not the Singapore arm, and the protection you get depends on it.
• Confirm any retail leverage cap for the entity taking you on, since the figure can differ sharply from one arm of a group to another.

What this page will not settle: the cost of trading, or whether a firm accepts clients from where you live. Those sit outside the score. Treat the ten above as a verified starting point, then confirm each licence yourself on the register before you move any money.