Sophie Squillacioti Launches Asia-Focused CFDs Broker Brex Capital

The FX and CFDs industry veteran Sophie Squillacioti has launched a new CFDs brokerage brand called Brex Capital, where she will also serve as CEO.

Brex Capital is operated primarily from Dubai and Bangkok, targeting Asian traders with website support in Thai, Vietnamese, and English. The company is formally domiciled in the Island of Mwali (Comoros), while its South African subsidiary, Brex Capital (Pty) Ltd, holds an FSCA license (FSP 55069), though that license appears to belong to RubyFX (Pty) Ltd, operator of the Ruby FX brand.

Squillacioti has spent over 20 years in online brokerage, most recently as Head of Asia for Dubai-based UEXO, Head of China for MultiBank (2024-2025), and Director of Sales APAC for Equiti Group. She previously led Asia operations for INFINOX and BDSwiss, served as Managing Director, China at BlackBull Markets (2019-2021), and held senior roles at Halifax Investment Services, ACM Group PLC, and City Index.