Singapore Blocks Octa, XM: Use Regulated Brokers Only

Singapore Blocks Octa and XM for Operating Without Licences: Why You Should Trade with Regulated Platforms Like Saxo Markets, Webull, and Tiger Brokers.

In a decisive move to safeguard investors, the Monetary Authority of Singapore (MAS) has blocked access to trading platforms Octa and XM, citing unlicensed activity. As reported by Channel News Asia, these platforms were offering trading in forex, commodities, stocks, and indices without being authorized to do so in Singapore.

Why It Matters to Investors and Traders

Trading with unlicensed platforms may expose you to serious risks, including:

Lack of investor protection.
Potential fraud or mismanagement of funds.
No legal recourse if something goes wrong.

MAS-regulated brokers, on the other hand, are bound by strict compliance, transparency, and capital requirements—ensuring your money and trades are protected.

Benefits of Trading with MAS-Regulated Platforms

Choosing a MAS-licensed trading platform gives you:

Client fund segregation to protect your capital.
Regulatory oversight for fair and transparent trading.
Trusted dispute resolution channels.
Access to legitimate global markets.

Regulated Platforms Our Students Use

Here are three MAS-regulated trading platforms that our students have accounts with and are actively using:

Webull Singapore

Open your Webull trading account today!

Low-cost trading, real-time data, and a clean, user-friendly platform—all backed by MAS regulation.
👉 Start trading with Webull and take control of your investments with confidence.

Saxo Markets

Saxo Trading Platforms – SaxoInvestor / SaxoTraderGO / SaxoTraderPRO

Saxo offers advanced tools, low spreads, and secure access to over 60,000 instruments across global markets.
👉 Open a Saxo Markets account today and trade with peace of mind.

Tiger Brokers Singapore

Tiger Trade —Global Markets in Your Pocket—Tiger Brokers

Feature-rich desktop and mobile platforms with competitive fees and global market access.
👉 Join Tiger Brokers and experience secure, professional-grade trading.

Don’t Risk It — Trade Smart, Trade Regulated

With MAS actively cracking down on unlicensed platforms like Octa and XM, the message is clear: protect your assets by trading only with regulated brokers. Whether you’re a beginner or an advanced trader, Saxo Markets, Webull, and Tiger Brokers offer the tools, security, and trust you need.

Choose compliance. Choose safety. Choose MAS-regulated platforms.