Singapore Brokers - MyForexUniverse’s top Singapore Forex BrokersThe Monetary Authority of Singapore is Singapore’s central bank and financial regulatory authority. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.


The average forex turnover volume in Singapore is ranges between $260 and $300 billion per day, ranking it among the five biggest forex centers across the globe.


In 2012, South-East Asia registered significant growth in forex trading volumes for all asset classes. For a while now, Hong Kong, Sidney and Singapore have been competing for dominance in this region, and recently the latter overpowered the other two and has managed to reinforce its positions as a major global forex and OTC derivatives hub.


Currently, more than 600 financial institutions are based in Singapore, and these range from banks to insurance companies to forex and CFD brokers. The operations of all these is overseen by the Monetary Authority of Singapore (MAS) – an organization empowered to act Singapore’s central bank.


Below is the list of Singapore operating Forex Brokers:

Broker Bonus Rating Review Open Account
GFT 5% bonus for new Account 4.1 Review Visit Broker
Oanda 4.0 Review Visit Broker
CitiFX Pro 4.0 Review Visit Broker
HotSpot FX 3.9 Review Visit Broker
Saxo Bank 3.6 Review Visit Broker Bonus for First Deposit 3.4 Review Visit Broker