What this list is — and is not
- It is the seven CFD / leveraged-FX providers we have confirmed hold a current MAS CMS licence permitting dealing with Singapore retail clients as of June 2026.
- It is not a ranking. The MAS register is binary — licensed or not. Differentiation between licensed entities is editorial and covered in individual reviews.
- It is nota list of leverage figures. MAS guidance and FIEA cross-jurisdictional rules vary; consult each broker's onboarding flow for current maximum leverage applicable to your residence.
- Excluded: brokers operating in Singapore without a CMS licence (typically under accredited-investor exemptions or via offshore subsidiaries) — those are not authorised to deal with Singapore retail clients and are outside our editorial scope.
The seven licence holders
1. IG Asia
CMS100022‑1- Legal entity
- IG Asia Pte Ltd
- MAS CMS licence
- CMS100022-1 ↗
- Founded
- 2002
- Headquartered
- Singapore
- Platforms
- IG web, MetaTrader 4, ProRealTime, L2 Dealer
- Notes
- Largest non-bank CFD provider in Singapore by client funds, MAS Capital Markets Services licence holder since 2005.
Also covered in our EU/UK review → (different legal entity, different leverage caps; the MAS-licensed Singapore arm is the relevant counterparty for Singapore residents)
2. Saxo Markets
CMS100061‑1- Legal entity
- Saxo Capital Markets Pte Ltd
- MAS CMS licence
- CMS100061-1 ↗
- Founded
- 2006
- Headquartered
- Singapore
- Platforms
- SaxoTraderGO, SaxoTraderPRO, API
- Notes
- Bank-grade infrastructure (Saxo Bank A/S parent) with single-platform multi-asset coverage across FX, CFDs, bonds, ETFs.
Also covered in our EU/UK review → (different legal entity, different leverage caps; the MAS-licensed Singapore arm is the relevant counterparty for Singapore residents)
3. Interactive Brokers Singapore
CMS100917‑1- Legal entity
- Interactive Brokers Singapore Pte Ltd
- MAS CMS licence
- CMS100917-1 ↗
- Founded
- 2019
- Headquartered
- Singapore
- Platforms
- IBKR Trader Workstation, IBKR Mobile, API
- Notes
- MAS-licensed subsidiary of NASDAQ-listed Interactive Brokers Group. Multi-asset, low commissions, professional-grade order routing.
Also covered in our EU/UK review → (different legal entity, different leverage caps; the MAS-licensed Singapore arm is the relevant counterparty for Singapore residents)
4. OANDA Asia Pacific
CMS100072‑1- Legal entity
- OANDA Asia Pacific Pte Ltd
- MAS CMS licence
- CMS100072-1 ↗
- Founded
- 2007
- Headquartered
- Singapore
- Platforms
- OANDA Trade, MetaTrader 4, TradingView
- Notes
- Forex-focused MAS-licensed entity of the OANDA Global Corporation group. Established Singapore brand, fractional-unit FX.
5. CMC Markets Singapore
CMS100139‑1- Legal entity
- CMC Markets Singapore Pte Ltd
- MAS CMS licence
- CMS100139-1 ↗
- Founded
- 2007
- Headquartered
- Singapore
- Platforms
- Next Generation, MetaTrader 4
- Notes
- MAS-licensed CFD provider with the in-house Next Generation platform; LSE-listed parent (CMCX.L).
Also covered in our EU/UK review → (different legal entity, different leverage caps; the MAS-licensed Singapore arm is the relevant counterparty for Singapore residents)
6. City Index (StoneX Asia)
CMS100009‑1- Legal entity
- City Index Asia Pte Ltd
- MAS CMS licence
- CMS100009-1 ↗
- Founded
- 2006
- Headquartered
- Singapore
- Platforms
- Web Trader, MetaTrader 4, AT Pro
- Notes
- MAS-licensed entity of the StoneX Group (NASDAQ: SNEX). Long-running Singapore presence with full-asset CFD coverage.
7. Plus500SG
CMS100648‑1- Legal entity
- Plus500SG Pte Ltd
- MAS CMS licence
- CMS100648-1 ↗
- Founded
- 2015
- Headquartered
- Singapore
- Platforms
- Plus500 proprietary web, Plus500 mobile
- Notes
- MAS-licensed CFD specialist (LSE: PLUS). Single proprietary platform, web-and-mobile only.
Also covered in our EU/UK review → (different legal entity, different leverage caps; the MAS-licensed Singapore arm is the relevant counterparty for Singapore residents)
How this list is verified
We searched the MAS Financial Institutions Directory for entities holding a Capital Markets Services licence authorising “Dealing in capital markets products that are over-the-counter derivatives contracts” or “Dealing in capital markets products that are leveraged foreign exchange trading”, where the entity offers retail-investor access (not solely accredited-investor or institutional). Each entity's CMS licence number is linked above for direct verification. If an entity's licence changes or lapses between our quarterly republish cycles, the MAS register link will surface the change before our content does.
Risk disclosure
Trading CFDs and leveraged forex carries a high risk of losing money rapidly due to leverage. The brokers above publish their own retail loss-rate disclosures under MAS advertising rules. Consult each broker's onboarding documentation for current leverage caps applicable to your residence and the FIEA, FFAJ, FMA and MAS rules that may apply.
This page is editorial. It contains zero paid placements as of publication date. Our advertising standards are public at /editorial-standards/advertising.