Best CFD brokers in Singapore

The best CFD brokers in Singapore will depend on your individual trading needs and goals. Some of the key factors to consider when choosing a CFD broker in Singapore include regulation, fees and commissions, the trading platform, asset selection, and customer service.

In Singapore, CFD brokers are regulated by the Monetary Authority of Singapore (MAS). Some popular CFD brokers in Singapore include Plus500, eToro, and IG, but there are many other brokers to choose from.

When comparing CFD brokers in Singapore, it’s important to carefully research and compare their offerings and to carefully read and understand the terms and conditions of the CFD contract before you start trading. It’s also a good idea to read reviews and check the broker’s reputation to get a sense of their reliability and customer service.

Monetary Authority of Singapore (MAS)

The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It was established in 1971 and is headquartered in Singapore. MAS’s mandate is to promote sustained non-inflationary economic growth, and to ensure the stability of the financial system in Singapore.

As the central bank, MAS is responsible for the management of Singapore’s monetary policy, including the issuance of Singapore’s currency, the Singapore dollar. It also acts as the government’s banker, and provides banking services to the government and public agencies.

As a financial regulatory authority, MAS is responsible for regulating and supervising financial institutions, such as banks, insurers, and securities intermediaries, to ensure the stability and integrity of the financial system. It also promotes the development of a fair, efficient, and transparent financial market in Singapore.