REG - Plus500 Ltd - Plus500 obtains licence in United Arab Emirates

Plus500Announcement

06/02/2023 07:00

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RNS Number : 9445O  Plus500 Limited  06 February 2023

6 February 2023

 

Plus500 Ltd.

("Plus500", the "Company" or together with its subsidiaries the "Group")

 

Plus500 obtains licence in United Arab Emirates, as global expansion continues

 

Plus500, the global multi‐asset fintech group operating proprietary
technology-based trading platforms, is pleased to announce that it has
obtained a licence from the Dubai Financial Services Authority ("DFSA") in the
significant and high growth market of the United Arab Emirates ("UAE").

 

This new licence, which is effective immediately, offers a major growth
opportunity for Plus500, by allowing the Group to expand its offering to
customers across the UAE.

 

David Zruia, CEO of Plus500, commented:

 

"We are delighted to have received licence authorisation from the DFSA in the
UAE and we are excited to bring our market-leading technology capabilities to
customers in the region. This is the latest realisation of our strategy to
enter new markets, develop new products, and deepen engagement with our
customers.

 

"Since 2020, the Group has successfully obtained licences in the US, Japan,
Estonia, the Seychelles and the UAE, including through acquisitions.
Consequently, Plus500 has a valuable and growing portfolio of twelve licences,
ensuring that our growing business continues to be built on a strong
regulatory foundation."

 

 

 

 

For further details:

 

 Plus500 Ltd.

 Elad Even-Chen, Chief Financial Officer   +972 4 8189503

 Rob Gurner, Head of Investor Relations    +44 7825 189088

                                           ir@plus500.com (mailto:ir@plus500.com)

 Brunswick

 Charles Pretzlik, Partner                 +44 207 404 5959

 Paul Durman, Partner                      plus500@brunswickgroup.com (mailto:plus500@brunswickgroup.com)

 

 

About Plus500

 

Plus500 is a global multi-asset fintech group operating proprietary
technology-based trading platforms. Plus500 offers customers a range of
trading products, including OTC ("Over-the-Counter" products, namely Contracts
for Difference (CFDs)), share dealing, as well as futures and options on
futures.

 

The Group retains operating licences and is regulated in the United Kingdom,
Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the
Seychelles, the United States, Estonia, Japan and the UAE and through its OTC
product portfolio, offers more than 2,500 different underlying global
financial instruments, comprising equities, indices, commodities, options,
ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade
its OTC products in more than 50 countries and in 30 languages. Plus500 does
not permit customers located in the US to trade its OTC products.

 

Plus500 does not utilise cold calling techniques and does not offer binary
options. Plus500's trading platforms are accessible from multiple operating
systems (Windows, iOS and Android) and web browsers. Customer care is and has
always been integral to Plus500, as such, OTC customers cannot be subject to
negative balances. A free demo account is available on an unlimited basis for
OTC trading platform users and sophisticated risk management tools are
provided free of charge to manage leveraged exposure, and stop losses to help
customers protect profits, while limiting capital losses.

 

Plus500 shares have a premium listing on the Main Market of the London Stock
Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index.
www.plus500.com (http://www.plus500.com)

 

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