What is the retail leverage limit in Singapore?

MAS caps retail leverage, commonly at 20:1 on major FX pairs, with lower limits on other instruments. Accredited investors who meet MAS thresholds can access higher leverage.

Who regulates forex and CFD brokers in Singapore?

The Monetary Authority of Singapore (MAS) licenses them under the Securities and Futures Act, typically requiring a Capital Markets Services licence to deal in leveraged products with retail clients.

Should I trust an offshore broker offering a Singapore bonus?

Be cautious. The broker may not hold a MAS licence to serve retail clients here, and MAS publishes an investor alert list. Confirm MAS licensing before you deposit.

Bonus availability

Broker bonuses in Singapore

75 bonuses we have verified as available to traders in Singapore.

Singapore is a major financial hub with a well-developed retail trading market, regulated firmly by the Monetary Authority of Singapore (MAS). MAS caps retail leverage on FX and CFDs and restricts brokers from using gifts and incentives to induce retail customers to trade, so aggressive bonus promotions are uncommon here.

Bonuses available in Singapore

#	Broker	Bonus	Type	Rating
1	eToro	US$10 to US$500 in free stocks (£ in the UK)Free stock	Free stock	4.3
2	XM	100% match up to $100Deposit match	Deposit match	4.3
3	BitMart	Referral commission on invitees' trading feesReferral	Referral	4.2
4	CoinEx	70 USDT in fee rebate vouchersSign-up reward	Sign-up reward	4.1
5	Errante	Up to 30% deposit match (credit, non-withdrawable)Deposit match	Deposit match	4.1
6	Fusion Markets	$50 to $250 eachReferral	Referral	4.1
7	M4Markets	50% credit bonus on each depositDeposit match	Deposit match	4.1
8	CoinEx	Trading fee commissionReferral	Referral	4.0
9	Firstrade	$100Cashback	Cashback	4.0
10	OKX	Up to $400 in BTC (first step about $5)Sign-up reward	Sign-up reward	3.9
11	Pepperstone	Pro: $50 to $1,000 cash; retail: 20 free tradesReferral	Referral	3.8
12	Grand Capital	No-deposit trading creditNo-deposit	No-deposit	3.7
13	IronFX	100% deposit match (non-withdrawable credit)Deposit match	Deposit match	3.7
14	IronFX	40% deposit credit bonusDeposit match	Deposit match	3.7
15	Windsor Brokers	$50 to $500 cash, first deposit plus lotsSign-up reward	Sign-up reward	3.7
16	Admiral Markets	100% match up to $5,000Deposit match	Deposit match	3.6
17	FxPro	Up to 15% monthly spread/commission rebate (Platinum tier)Volume rebate	Volume rebate	3.6
18	IronFX	20% deposit creditDeposit match	Deposit match	3.6
19	BlackBull Markets	Welcome bonusSign-up reward	Sign-up reward	3.5
20	FXTM	100% match up to $500Deposit match	Deposit match	3.5
21	HFM	100% match up to $50,000Deposit match	Deposit match	3.5
22	Windsor Brokers	$30 free trading creditNo-deposit	No-deposit	3.5
23	AMarkets	Cash per referralReferral	Referral	3.4
24	Coinbase	$5Sign-up reward	Sign-up reward	3.4
25	FreshForex	15% of first deposit, up to $500 in real fundsDeposit match	Deposit match	3.4
26	FXOpen	15% match up to $1,000Cashback	Cashback	3.4
27	FXTM	Reward Points, 500 = $1Loyalty program	Loyalty program	3.4
28	Grand Capital	Per-lot cash rebate by trading-streak statusVolume rebate	Volume rebate	3.3
29	Phemex	Two random Mystery Boxes (from 10 and 20 USDT)Sign-up reward	Sign-up reward	3.3
30	Weltrade	100% match up to $500Deposit match	Deposit match	3.3
31	AMarkets	20% deposit matchDeposit match	Deposit match	3.2
32	ForexMart	30% on every depositDeposit match	Deposit match	3.2
33	FxPro	Cash reward per referralReferral	Referral	3.2
34	JustMarkets	120% match up to $40,000Deposit match	Deposit match	3.2
35	M4Markets	Per-lot referral rewardReferral	Referral	3.2
36	XM	$30No-deposit	No-deposit	3.2
37	AMarkets	100% deposit matchDeposit match	Deposit match	3.1
38	ForexMart	20% of every depositDeposit match	Deposit match	3.1
39	Windsor Brokers	20% on every deposit at the Silver starting tierDeposit match	Deposit match	3.1
40	FreshForex	$50 no-deposit creditNo-deposit	No-deposit	3.0
41	FXTM	$10 to $100 per friend, paid in Reward PointsReferral	Referral	3.0
42	NordFX	Per-lot insurance bonus on Margin CallVolume rebate	Volume rebate	3.0
43	RoboForex	$30No-deposit	No-deposit	3.0
44	AvaTrade	20% match up to $10,000Deposit match	Deposit match	2.9
45	FreshForex	300% deposit matchDeposit match	Deposit match	2.9
46	SuperForex	No deposit bonus (up to $50 withdrawable)No-deposit	No-deposit	2.9
47	ThinkMarkets	$15Referral	Referral	2.9
48	WhiteBIT	20% off all trading feesFee discount	Fee discount	2.9
49	BTCC	About 45 USDT in vouchersSign-up reward	Sign-up reward	2.8
50	SuperForex	50% on every depositDeposit match	Deposit match	2.8
51	Eightcap	Up to 50% (tiered)Deposit match	Deposit match	2.7
52	FP Markets	Up to $200Referral	Referral	2.7
53	IC Markets	$1.5/lotVolume rebate	Volume rebate	2.7
54	AMarkets	Per-lot cashbackVolume rebate	Volume rebate	2.6
55	BitMart	13 USDT in vouchers for new usersSign-up reward	Sign-up reward	2.6
56	BYDFi	100 USDT newbie giftSign-up reward	Sign-up reward	2.5
57	IC Markets	100% match up to $25,000Deposit match	Deposit match	2.5
58	LiteFinance	30% of your deposit as trading creditDeposit match	Deposit match	2.5
59	Pepperstone	20 commission-free trades (about $7 per lot)Fee discount	Fee discount	2.5
60	Grand Capital	40% on every depositDeposit match	Deposit match	2.4
61	InstaForex	30% on every deposit, no capDeposit match	Deposit match	2.3
62	Apex Trader Funding	Up to 92% off evaluationsEvaluation discount	Evaluation discount	Perk
63	BTCC	25% of referee fees, up to 500 USDT per friendReferral	Referral	Not rated
64	eToro	Up to 3.80% a yearInterest on balance	Interest on balance	Perk
65	FP Markets	Free VPSFree VPS	Free VPS	Perk
66	FundedNext	47% off Flex futures challengesEvaluation discount	Evaluation discount	Perk
67	FundedNext	Up to 50% off Rapid futures challengesEvaluation discount	Evaluation discount	Perk
68	FundedNext	Up to 41% off small Stellar challengesEvaluation discount	Evaluation discount	Perk
69	HFM	Up to 3% a yearInterest on balance	Interest on balance	Perk
70	HFM	Deposit bonus (rate shown in your Client Area)Deposit match	Deposit match	Not rated
71	RoboForex	Up to 10% a yearInterest on balance	Interest on balance	Perk
72	Take Profit Trader	40% off the TestEvaluation discount	Evaluation discount	Perk
73	Topstep	15% off the first Trading CombineEvaluation discount	Evaluation discount	Perk
74	Topstep	$10 to $30 off each month on the No Activation Fee CombineEvaluation discount	Evaluation discount	Perk
75	Windsor Brokers	0.4% to 2% annual interest in loyalty pointsInterest on balance	Interest on balance	Perk

72 more offers we track are not available to residents here.

For Singapore residents that means a more conservative offer landscape than loosely regulated markets, with strong client protections in return. This page explains the MAS framework, what it means for bonuses, and where non-CFD offers can still apply.

Which bonuses you can claim

Singapore residents trading FX or CFDs with a MAS-licensed broker should not expect aggressive deposit-match or no-deposit bonuses. MAS rules on the sale of investment products restrict brokers from offering gifts or benefits to induce retail customers to transact in leveraged products, which are treated as Specified Investment Products requiring suitability checks. MAS also caps retail leverage, commonly at 20:1 on major FX pairs, with lower limits on other instruments.

Where incentives appear, they tend to be limited and framed carefully rather than offered as a balance-boosting cash bonus. Accredited investors who meet MAS wealth or income thresholds sit under lighter restrictions and can access higher leverage, but the everyday retail experience is built around protection rather than promotion.

The incentive restriction is centred on leveraged FX and CFDs. It does not directly govern a regulated equities platform running a free-share or commission-free promotion on a stock account, nor crypto-exchange sign-up rewards offered outside the leveraged-derivatives framework. Where this page surfaces such offers for Singapore, they sit outside the MAS retail-incentive rules rather than around them.

Who regulates trading in Singapore

Monetary Authority of Singapore (MAS) mas.gov.sg ↗

Singapore's central bank and integrated financial regulator. It licenses brokers under the Securities and Futures Act, caps retail leverage on FX and CFDs, and through its rules on the sale of investment products restricts offering gifts or benefits to induce retail customers to trade.

Trading in Singapore

Local currency: SGD

Singapore's retail market spans FX, CFDs, equities and funds, with the Singapore dollar as the common account currency and a sophisticated, internationally minded investor base. MAS is known for a strict but predictable approach, so reputable brokers operating here comply with the leverage caps and incentive rules rather than push around them.

Be cautious with offshore offers. A broker promoting large bonuses and high leverage to Singapore traders may be relying on a foreign licence and may not hold a MAS Capital Markets Services licence to serve retail clients here. MAS maintains an investor alert list of unregulated entities, so check a broker's MAS licence status before acting on any headline offer.

Frequently asked questions

Are broker bonuses allowed in Singapore?: Largely no for leveraged products. MAS rules restrict brokers from offering gifts or benefits to induce retail customers to trade FX and CFDs, so aggressive deposit bonuses are uncommon with MAS-licensed firms.
What is the retail leverage limit in Singapore?: MAS caps retail leverage, commonly at 20:1 on major FX pairs, with lower limits on other instruments. Accredited investors who meet MAS thresholds can access higher leverage.
Who regulates forex and CFD brokers in Singapore?: The Monetary Authority of Singapore (MAS) licenses them under the Securities and Futures Act, typically requiring a Capital Markets Services licence to deal in leveraged products with retail clients.
Should I trust an offshore broker offering a Singapore bonus?: Be cautious. The broker may not hold a MAS licence to serve retail clients here, and MAS publishes an investor alert list. Confirm MAS licensing before you deposit.

Keep exploring

Sources

Researched by the BrokerBonuses editorial team. Last reviewed 2026-06-07. · How we research

Monetary Authority of Singapore: mas.gov.sg ↗
Notice SFA 04-N12 on the Sale of Investment Products (MAS): mas.gov.sg ↗