IG Singapore is seeking to expand its services beyond its established CFD business. Gavin Chia, who recently became CEO, plans to develop the firm into a platform offering multiple types of investment products, The Business Times, Singapore, reported.

IG Targets Multi-Asset Trading Investors

Chia’s immediate focus is on IG Markets, the company’s share-dealing app, which allows trading in equities and ETFs across markets such as the US, UK, Singapore, Hong Kong, and Japan. Chia previously led Moomoo Singapore, another online brokerage.

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He said the firm wants to show investors that it provides more than just CFDs. These derivative instruments let traders speculate on the price movements of shares, commodities, or indices without owning them directly, often using leverage, which increases risk.

IG Adds Cryptocurrencies, Expands Product Offerings

IG is already known for its CFD operations in Singapore. Chia said the firm now seeks to attract a wider range of investors and diversify its product offerings. He described IG Markets as being at an early stage, with plans to gradually add new products, potentially including cryptocurrencies following IG Group’s acquisition of Independent Reserve.