Forex and CFD Brokers Singapore
In Singapore, the regulatory authority overseeing the financial services sector is the Monetary Authority of Singapore (MAS). The MAS is the central bank of Singapore and is responsible for the regulation and supervision of financial institutions and capital markets. The MAS serves as Singapore’s central bank, responsible for formulating and implementing monetary policy to maintain price stability and a sound financial system. It also oversees the financial services industry and works to ensure its stability, integrity, and development.
CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.