Wikilix
Licence record

TrueFriend: MAS licence recorded for TrueFriend

Issuing authority
Monetary Authority of Singapore
Jurisdiction
Singapore
Licence type
Financial Service

This is Wikilix's record of a licence issued by Monetary Authority of Singapore. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Monetary Authority of Singapore No number on the register

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
KOREA INVESTMENT & SECURITIES CO. LTD
Issuing authority
Monetary Authority of Singapore
Jurisdiction
Singapore
Licence type
Financial Service

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/truefriend/licenses/monetary-authority-of-singapore/licence-3236Fields on file 1 / 11

Open TrueFriendAll TrueFriend licencesAbout MAS
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Singapore
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence type (Wikilix classification)
Financial Service
The authority

About MAS

Monetary Authority of Singapore is the authority that issued this licence, and the jurisdiction it applies in is Singapore.

Full name
Monetary Authority of Singapore
Jurisdiction
Singapore
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1971
Oversight
A government or statutory body
Firms we track under it
17 firms
Regulates
forex, Stocks, Fund, Options, Derivatives, Futures
Licences it issues
Capital Markets Services (CMS) Licence
Typical cost of a licence
SGD 500000+
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

MAS's own rules for the firms it authorises.

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Complaints routeFIDReC
  • Maximum leverage1:20
This describes the authority's regime, not how TrueFriend applies it.
The holder

Who holds this licence

The licence above is recorded against TrueFriend. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
KOREA INVESTMENT & SECURITIES CO. LTD
Based in
South Korea
Wikilix score
61.2the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • KOREA INVESTMENT & SECURITIES CO., LTD.South Korea · Reg. 110111-0168769
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences TrueFriend holds

6 other licences are on record for TrueFriend.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
TrueFriend provides customer support in English with live chat available during business hours. Clients can also contact support via phone at +82 1588-1251 or email at truefriend@koreainvestment.com. The broker's support is based in South Korea.
TrueFriend offers a maximum leverage of 1 for trading. This is relatively low compared to some other brokers, reflecting a conservative approach to leverage.
Yes, TrueFriend charges a deposit usage fee on client funds held in their accounts. The fee is 1% for deposits over 500,000 KRW and 0.1% for deposits under 500,000 KRW, calculated on the average daily balance. This fee applies to funds held in the account, not to individual transactions.
TrueFriend supports deposits and withdrawals via bank transfer. Clients must use their registered bank accounts, as transfers from third-party accounts may be rejected. The minimum deposit and withdrawal amounts are 100,000 KRW, and there are no fees for deposits or withdrawals via bank transfer.
TrueFriend, operated by KOREA INVESTMENT & SECURITIES CO. LTD, is regulated by multiple onshore authorities including South Korea's Financial Supervisory Service (FSS). It follows strict fund segregation rules but does not have mandatory client fund insurance. The broker is prohibited from serving clients in countries such as the USA, North Korea, and Iran.
TrueFriend holds this MAS licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the MAS register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates MAS tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
TrueFriend has 6 other licences on record with Wikilix, across 5 jurisdictions. They are listed further down this page.
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