Editorial ranking · Singapore · MAS FID · October 2026

Best Singapore Forex Brokers — October 2026

Top 10 Singapore forex/CFD and multi-asset brokers for October 2026 ordered by MAS Financial Institutions Directory record IDs, activity scope, and public scale. Not an endorsement.

Last updated (October 2026). Motus ingest remains paused. No live COUNT(*) on this page. Methodology: rank methodology.

Direct answer

Who are the best forex brokers in Singapore in October 2026?

BrokerMafia's October 2026 Singapore shortlist is MAS-register-first: CMC Markets Singapore (FID 1596), Saxo Capital Markets (FID 1553), Interactive Brokers Singapore (FID 230005), Phillip Nova (FID 387), StoneX Financial (FID 2526), Moomoo Financial Singapore (FID 235399), IG Asia (FID 1489), OANDA Asia Pacific (FID 1792), Plus500SG (FID 218424), and Phillip Securities (FID 244). These are Financial Institutions Directory record IDs, not paid ranks. Re-check eservices.mas.gov.sg/fid before funding.

Methodology (this batch)

BrokerMafia's October 2026 shortlists are editorial discovery tables ordered by public-fact criteria: regulatory tier (published register IDs), entity transparency, longevity or citable public scale, and product/authority clarity. BrokerMafia keyword-page presence is a tie-break only. We refuse paid rank, star scores, and copied review prose. Order can change when registers or public disclosures change — this batch is dated October 2026.

Scope: Singapore CMS licensees with a public MAS FID row relevant to FX, CFD/OTC derivatives, or multi-asset dealing. Order follows leveraged-FX activity on the FID snapshot, then group transparency. Not a spread table. Framework: /best-forex-brokers-singapore/.

  1. Regulatory tier — published tier-1 register IDs where we can cite them.
  2. Entity transparency — can a reader match agreement → register row?
  3. Longevity / public scale — years, listing, or citable industry revenue lists.
  4. Product / authority clarity — FX entity vs exchange vs FMCSA broker vs DOI producer.
  5. BrokerMafia research presence — tie-break only.

Marketing claims (spreads, bonuses, pass rates, “best broker awards”) are labeled and never used as primary rank keys.

Ranked shortlist — October 2026

Order = editorial fit to documented public-fact criteria for this dated batch. Not AggregateRating. Not paid placement.

#FirmWhy rankedRegistry cuesLinks
#1CMC Markets Singapore Pte. Ltd.
SG CFD/FX · MAS CMSL
  • MAS Financial Institutions Directory record 1596 — Capital Markets Services licensee
  • FID activity list (snapshot 2026-09-30) includes leveraged spot FX, OTC derivatives, exchange-traded derivatives, and securities
  • Listed CMC Markets group disclosures aid entity matching

FID record ID is the public register row. MAS does not print a separate CMS###### on that page — re-check the live row.

MAS FID: 1596
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#2Saxo Capital Markets Pte. Ltd.
SG multi-asset · MAS CMSL
  • MAS FID record 1553 — CMS licensee
  • Activity list includes leveraged spot FX, OTC derivatives, exchange-traded derivatives, and securities
  • Saxo Bank group public disclosures

Share-dealing access is not automatically a high-leverage CFD account.

MAS FID: 1553
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#3Interactive Brokers Singapore Pte. Ltd.
SG securities · FX · MAS CMSL
  • MAS FID record 230005 — CMS licensee
  • Activity list includes leveraged spot FX, OTC derivatives, exchange-traded derivatives, and securities
  • Major broker-dealer group with public disclosures

Product set differs from offshore MT4/MT5 CFD marketing.

MAS FID: 230005
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#4Phillip Nova Pte. Ltd.
SG FX/futures · MAS CMSL
  • MAS FID record 387 — CMS licensee in the PhillipCapital group
  • Activity list includes leveraged spot FX, non-leveraged spot FX, OTC derivatives, and exchange-traded derivatives
  • Long Singapore operating footprint

Phillip Nova is not the same legal entity as Phillip Securities Pte Ltd (FID 244).

MAS FID: 387
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#5StoneX Financial Pte. Ltd.
SG multi-asset · MAS CMSL
  • MAS FID record 2526 — CMS licensee
  • Activity list includes leveraged spot FX, OTC derivatives, exchange-traded derivatives, and securities
  • StoneX group public-company disclosures

Match the Singapore agreement — other StoneX entities are different licences.

MAS FID: 2526
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#6Moomoo Financial Singapore Pte. Ltd.
SG multi-asset · MAS CMSL
  • MAS FID record 235399 — CMS licensee (Futu/moomoo group)
  • Activity list includes leveraged spot FX plus securities, exchange-traded derivatives, and OTC derivatives
  • Listed-parent disclosures aid entity checks

App brand ≠ licence. Confirm the Singapore company on the client agreement.

MAS FID: 235399
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#7IG Asia Pte. Ltd.
SG CFD · MAS CMSL
  • MAS FID record 1489 — CMS licensee
  • Activity list on this snapshot: dealing in securities and OTC derivatives — leveraged spot FX was not a separate line
  • Listed IG Group disclosures

Do not assume UK FCA permissions travel with the IG logo.

MAS FID: 1489
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#8OANDA Asia Pacific Pte. Ltd.
SG FX/CFD · MAS CMSL
  • MAS FID record 1792 — CMS licensee
  • Activity list on this snapshot centres on OTC derivatives dealing
  • Long-running FX brand; still match the Singapore entity

Other OANDA companies are not this MAS row.

MAS FID: 1792
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#9Plus500SG Pte. Ltd.
SG CFD · MAS CMSL
  • MAS FID record 218424 — CMS licensee
  • Activity list on this snapshot: OTC derivatives dealing
  • Listed Plus500 parent disclosures

CFDs are high-risk. UK/CY Plus500 entities are different licences.

MAS FID: 218424
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#10Phillip Securities Pte Ltd
SG securities · MAS CMSL
  • MAS FID record 244 — long-standing CMS licensee
  • Activity list includes securities, exchange-traded derivatives, and OTC derivatives — not a pure retail FX shop
  • Included for local entity transparency and scale, not as a leverage leaderboard

POEMS / Phillip Securities ≠ Phillip Nova (FID 387).

MAS FID: 244
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Editorial shortlist for education and discovery. Not paid placement, not a star rating, not AggregateRating, not a license confirmation, and not an endorsement by BrokerMafia or any regulator. Indexed ≠ licensed ≠ recommended. Re-check the issuing register before you send funds or freight.

Questions this page answers

Are FID numbers CMS licence numbers?

The public FID page lists the institution record id in the URL (for example 1596) and the licence type “Capital Markets Services Licensee”. It does not print a separate CMS###### on the pages we cited. Use the FID URL as the register row and re-check it live.

Is this an endorsement?

No. Indexed ≠ licensed ≠ recommended.

What about offshore MT4 brands?

If the agreement is not one of these Singapore companies, this MAS row does not describe your account.