People Moves
Capital.com Enters Singapore Market; MAS Grants Licence
The business, headquartered in Limassol in Cyprus, has obtained a Capital Markets Services licence from the Asian city-state’s regulator. It has also named a CEO for its new Singaporean entity.
Cyprus-headquartered Capital.com, a financial group which operates a tech-led trading platform, said yesterday that it is entering the Singapore market, with its first client onboarding scheduled for early 2027.
Its local entity, Capital Com Securities (Singapore) Pte, has been granted a Capital Markets Services licence by the Monetary Authority of Singapore. The licence covers dealing in capital markets products, including securities and over-the-counter (OTC) derivatives contracts.
Founded in 2016, the group is licensed in jurisdictions including the UK, the EU, the Middle East, Africa and Australia, and Singapore, which is its first base in Southeast Asia.
The Singapore team is preparing the platform and local services to meet applicable regulatory and operational requirements, including identity verification through Singpass MyInfo, full client verification before trading and mandatory two-factor authentication at sign-in,” Capital.com said in a statement yesterday.
“Singapore sets a high bar for how financial services are delivered, and the MAS licensing process examines every part of a firm’s governance, controls and capital,” Valentina Rzheutskaya, executive director, Capital.com, said. “Holding a licence here means operating to that standard locally, with supervision of how we onboard clients, communicate risk and safeguard client assets. This licence affirms how we approach new markets, in step with local regulation and with a focus on sustainable, long-term growth.”
Joiner
Tony Lim is joining as CEO and executive director of Capital
Com Securities (Singapore) Pte Ltd. He has more than 30 years of
experience in Singapore’s capital markets, with roles at the
Singapore International Monetary Exchange (SIMEX), Singapore
Exchange, DBS Vickers Securities and Saxo Capital Markets, and
most recently as CEO of IG Asia.
Capital.com has opened an office at 9 Battery Road in Raffles Place, with local capabilities spanning compliance, operations, client services and marketing.