In the fast-paced world of Forex trading, choosing the right broker is crucial for success. If you’re a trader in Singapore, navigating the multitude of options can be overwhelming. To help you make an informed decision, we’ve curated a list of the best Forex brokers in Singapore, combining reliability, regulatory compliance, and user-friendly features.
Forex Regulation in Singapore
The Monetary Authority of Singapore (MAS) is the central bank of Singapore and plays a crucial role in regulating the foreign exchange (Forex) market. The MAS’s Forex regulations aim to maintain financial stability, promote transparency, and protect investors. The MAS’s primary objective is to ensure price stability, which is essential for long-term economic growth. It achieves this by managing the Singapore dollar’s nominal effective exchange rate (NEER) within a policy band.
