Is Pepperstone regulated in Singapore?
Verdict
- No. Pepperstone holds no licence from the Monetary Authority of Singapore; a search of the MAS Financial Institutions Directory returns no result for Pepperstone.
- Singapore residents are served by Pepperstone Markets Limited, regulated by the Securities Commission of The Bahamas under licence SIA-F217.
- The wider Pepperstone group is licensed by ASIC, the FCA, CySEC, BaFin, the DFSA and Kenya's CMA, but those licences cover clients of those entities, not Singapore residents.
- We still rate Pepperstone highly for cost and platforms; if MAS supervision is a must, IG, CMC Markets, OANDA, Saxo, Plus500 and eToro list MAS licences.
The short answer is no, and it is worth being exact about why. A broker's group can hold several top-tier licences while the company that signs your contract holds a different, offshore one. That is the case for Pepperstone in Singapore.
No MAS licence; the Bahamas regulator covers you
We searched the MAS Financial Institutions Directory on 21 October 2026 and it returned no result for Pepperstone, and Pepperstone's own pages name no Singapore company. Its international site, which it maps to Singapore visitors, is run by Pepperstone Markets Limited, licensed by the SCB. We still rank Pepperstone first for Singapore traders who prioritise published costs and platforms, but you should choose it knowing this.
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Which Pepperstone licence covers which clients
| Regulator | Pepperstone company | Covers |
|---|---|---|
| SCB (Bahamas) SIA-F217 | Pepperstone Markets Limited | International site, incl. Singapore residents |
| ASIC AFSL 414530 | Pepperstone Group Limited | Australian clients |
| FCA 684312 | Pepperstone Limited | UK clients |
| CySEC 388/20 | Pepperstone EU Limited | EU clients (en-eu site) |
| BaFin | Pepperstone GmbH | German clients |
| DFSA F004356 | Pepperstone Financial Services (DIFC) Ltd | DIFC, Dubai |
| MAS | None | — |
What Bahamas regulation means in practice
- Retail leverage goes up to 1:200 on FX and gold, well above the 1:30 Pepperstone applies under its UK and Australian licences.
- Retail clients are not liable for negative equity, per the entity's terms.
- No compensation scheme is named; the protection page cites segregated client money.
- Pepperstone discloses that 80% of retail accounts lose money with this provider.
MAS-licensed alternatives
If you want a Singapore-supervised broker, these firms publish MAS licences: IG Asia Pte Ltd, CMC Markets Singapore, OANDA (Co. Reg. 200704926K), Saxo Capital Markets Pte. Ltd., Plus500SG Pte Ltd (CMS100648), eToro Singapore Pte. Ltd. (CMS101824) and StoneX Financial Pte. Ltd. for FOREX.com. XS, which also takes Singapore residents, lists no MAS licence.
How to check any broker yourself
- Find the company name in the broker's footer or client agreement.
- Search it in the MAS Financial Institutions Directory.
- If it is not there, search the regulator the broker names, here the SCB for Pepperstone Markets Limited.
Sources
Is it legal to use Pepperstone from Singapore?
Pepperstone publishes no Singapore-specific statement, and we do not give legal advice. It routes Singapore visitors to its Bahamas-licensed international site.
Does Pepperstone's ASIC licence protect Singapore clients?
No. ASIC covers Pepperstone Group Limited's Australian clients. Singapore residents contract with the Bahamas entity.
Which Pepperstone competitor is regulated by MAS?
IG, CMC Markets, OANDA, Saxo, Plus500, eToro and FOREX.com all list MAS licences for their Singapore companies.
Leveraged CFDs can lose you money fast, and you should not trade with money you cannot afford to lose. This article reports broker-published terms and is not a recommendation to buy or sell any instrument.