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Capital.com has secured a licence from the Monetary Authority of Singapore and appointed Tony Lim to lead its local operation. Lim spent nine years leading IG Group's Singapore business. IG Group is listed in London.
What the Singapore licence allows
Regulatory records show the Singapore unit is authorised for securities, collective investment schemes and over-the-counter derivatives, including contracts for differences (CFDs). The permissions indicate the products it may offer, but do not confirm which will be available to clients at launch.
Where Capital.com is expanding
The Singapore approval adds to a wider licensing push. Capital.com recently became regulated in South Africa and has said it is considering licences in Turkey and Japan.
It is also recruiting local chief executives in Chile and Brazil. Separately, its European unit has agreed to buy FxPro's EU client book.
Singapore attracts established brokers
Capital.com has introduced physical share trading in Europe and plans to take the service to the UK and UAE. The Singapore permissions include securities, although the company has not said whether it will bring the same offering there. The market already includes Saxo, CMC Markets and IG alongside Capital.com. Lim separated from IG in early 2024, around the time Breon Corcoran joined as its current CEO. Finance Magnates had previously reported on Capital.com's possible Singapore plans. It said it contacted Lim and the broker for comment but received no response by press time.
| Figure or date | Reported context |
|---|---|
| Nine years | Lim's tenure leading IG Group's Singapore business |
| Early 2024 | Lim separated from IG around the time Breon Corcoran joined |
What an operations team should check
Teams should establish which permitted instruments Capital.com intends to activate in Singapore and whether each requires a distinct product setup, client onboarding path or reporting treatment. The licence record alone does not identify launch timing, order handling or the systems that will support the service.
Before rollout, operators should ask how Singapore activity will connect to existing trading, reconciliation and compliance workflows, and whether any local reporting or controls need to be configured separately. The source does not specify the broker's platform, custody arrangements or operating model for the market.
