FNG Exclusive… FNG has learned that FX and CFDs industry veteran Sophie Squillacioti has launched a new CFDs brokerage brand called Brex Capital (website brexcapital.com). Sophie will also serve as CEO of Brex Capital.

Brex Capital is operated mainly from Dubai, where Sophie is based, as well as Bangkok, and seems to be focusing mainly on traders in Asia, offering service on its website in Thai and Vietnamese, in addition to English. Brex Capital is formally domiciled offshore in the Island of Mwali (Comoros). The company’s website shows that subsidiary Brex Capital (Pty) Ltd in South Africa holds a Financial Sector Conduct Authority (FSCA) license, FSP Number 55069, however that license seems to be held by a different broker named RubyFX (Pty) Ltd, operating the Thai market focused Ruby FX brand.

Sophie Squillacioti has spent most of the past 20 years in the online brokerage sector. She most recently served as Head of Asia for Dubai based broker UEXO. In 2024-2025 Sophie was Head of China for MultiBank. Prior to MultiBank Sophie was Director of Sales APAC for Equiti Group. Sophie was also previously Head of Asia for INFINOX and for BDSwiss. From 2019-2021 she was at BlackBull Markets as Managing Director, China. Other previous roles include Managing Director, Country Head for Greater China at Halifax Investment Services, Managing Director, Greater China at ACM Group PLC, and Managing Director, Head of China and APAC sales at City Index.