Hello, I was searching online for a Forex broker to use in Singapore but there were a lot of mixed review and I didn’t know what to choose. Could anyone recommend me a Forex broker to use in sg that is MAS regulated? Thank you!
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I am a Full-Time Professional Trader from Singapore but I am no longer using any local Forex Brokers due to the new MAS requirement of 1:20 Leverage (used to be 1:50) on High Risk Investment Products.
Here are some recommendations:
- Pepperstone (Australia | 1:500)
- IC Markets (Australia | 1:500) ← I am using this.
Take a look at both brokers’ offerings and then decide which one you feel more comfortable opening a trading account with.
Bro, are you still using IC Markets? MAS regulated brokers leverage is shitty. I practically need 64k just to do a 1 standard lot size on XAUUSD which ive called and asked IG and CMC Markets
Did you end up finding a broker?
If you need high leverage like 1:1000 or 1:2000, you can consider Capital Street, if not, I would recommend Pepperstone…
I am using both of them… They are well established brokers and I have positive experience using them.
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