The brand will operate from Singapore under an MAS licence.
Despite its small size, Singapore is attractive due to its deep-pocketed traders.
The skyline of Singapore
Forex.com, the retail trading brand owned by StoneX, has expanded its presence in the Asia-Pacific by launching its contracts for differences (CFDs) trading services from its new Singapore base. Announced today (Monday), locally registered StoneX Financial gained the Monetary Authority of Singapore (MAS) licence to offer CFD trading services under the Forex.com brand.
Forex.com Eyes Singapore Traders
"This launch marks a strategic milestone in helping Singapore's retail traders access thousands of global CFD markets across top FX pairs, indices, shares, gold, silver and commodities," said Andy Hudson, StoneX’s Head of Retail – Singapore.
Andy Hudson, StoneX’s Head of Retail – Singapore (photo: LinkedIn)
Forex.com is one of the popular brands in the CFDs market. It was first launched in 2001 in the United States and then expanded across markets in Europe, the Middle East, and Asia-Pacific. It remains one of the very few regulated forex brokers in the US.
StoneX took control of the brand after acquiring GAIN Capital in 2020 for about $236 million. Apart from Forex.com, GAIN Capital also operates the City Index brand. With the acquisition at the time, StoneX more than doubled the number of active retail accounts on its platform globally to 295,000. The platform now has over 400,000 retail accounts worldwide.
An Attractive Market
The Singapore launch of the Forex.com brand comes as the city-state remains attractive for retail trading service providers. According to Investment Trends, Singapore's leveraged trading market continues to contract towards pre-pandemic levels, yet maintains a significant market presence, with 73,000 potential investors still showing interest in CFD trading.
Greg Kallinikos, StoneX’s CEO of APAC (photo: LinkedIn)
Despite the country’s small size, Singapore-based traders contribute significantly to the overall revenue of CFD brokers. London-listed IG Group generated £38.1 million from Singapore out of its total trading revenue of £451.7 million in the first six months of the ongoing financial year. The average revenue per user from the city-state also remains one of the highest.
“Since 2006, StoneX has supported its customers across APAC from our Singapore headquarters,” said Greg Kallinikos, StoneX’s CEO of APAC. “We are pleased to expand this service further by having Forex.com launch in Singapore and help us connect even more clients to markets. Forex.com customers in Singapore will benefit from dedicated support operating 24 hours a day, five days a week to meet their trading needs.”
Forex.com, the retail trading brand owned by StoneX, has expanded its presence in the Asia-Pacific by launching its contracts for differences (CFDs) trading services from its new Singapore base. Announced today (Monday), locally registered StoneX Financial gained the Monetary Authority of Singapore (MAS) licence to offer CFD trading services under the Forex.com brand.
Forex.com Eyes Singapore Traders
"This launch marks a strategic milestone in helping Singapore's retail traders access thousands of global CFD markets across top FX pairs, indices, shares, gold, silver and commodities," said Andy Hudson, StoneX’s Head of Retail – Singapore.
Andy Hudson, StoneX’s Head of Retail – Singapore (photo: LinkedIn)
Forex.com is one of the popular brands in the CFDs market. It was first launched in 2001 in the United States and then expanded across markets in Europe, the Middle East, and Asia-Pacific. It remains one of the very few regulated forex brokers in the US.
StoneX took control of the brand after acquiring GAIN Capital in 2020 for about $236 million. Apart from Forex.com, GAIN Capital also operates the City Index brand. With the acquisition at the time, StoneX more than doubled the number of active retail accounts on its platform globally to 295,000. The platform now has over 400,000 retail accounts worldwide.
An Attractive Market
The Singapore launch of the Forex.com brand comes as the city-state remains attractive for retail trading service providers. According to Investment Trends, Singapore's leveraged trading market continues to contract towards pre-pandemic levels, yet maintains a significant market presence, with 73,000 potential investors still showing interest in CFD trading.
Greg Kallinikos, StoneX’s CEO of APAC (photo: LinkedIn)
Despite the country’s small size, Singapore-based traders contribute significantly to the overall revenue of CFD brokers. London-listed IG Group generated £38.1 million from Singapore out of its total trading revenue of £451.7 million in the first six months of the ongoing financial year. The average revenue per user from the city-state also remains one of the highest.
“Since 2006, StoneX has supported its customers across APAC from our Singapore headquarters,” said Greg Kallinikos, StoneX’s CEO of APAC. “We are pleased to expand this service further by having Forex.com launch in Singapore and help us connect even more clients to markets. Forex.com customers in Singapore will benefit from dedicated support operating 24 hours a day, five days a week to meet their trading needs.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
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👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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